WeconnectU News

Many Managing Agents today try to overcome day-to-day challenges and issues by using typical property management tools to manage and grow their businesses. It is becoming increasingly difficult and almost impossible.

A complex chain of events over the past 12 months has been driving new trends in the Property Management Industry. It is requiring greater workflow efficiency, improved online transparency and improved communication, as well as more marketing power to gain market share.

Property management is a huge (and growing), but highly fragmented and challenging industry. Whether you are new to the “game”, well established but want to see your business grow, or looking to diversify your business by adding new services in order to grow, you need to avoid some common mistakes that property managers often make.

“One’s perception is one’s reality” – It’s a common saying in life, and has a profound impact on the world of business as well.

When property managers get a real understanding of the daily challenges they face, why these exist and how it affects their business from an efficiency and profitability point of view, they soon realise how much time and resources gets wasted, mostly due to the tools they currently use. WeconnectU Community Management Software was created by the industry for the industry.

It has been a year of amazing achievements that we can and should be proud of. Never before has the property management industry been tested to this level, and never before has it risen up with such resilience and determination to succeed.

Time is our greatest commodity – we only get 24 hours in a day, and the way we use those hours affects everything from our personal happiness to our businesses’ profitability. Time is also in high demand in today’s world. Everyone is trying to take a piece of it for themselves, through emails, phone calls, social media and more.

In times like these, business owners aren’t just battling to adapt to a new normal, they’re also facing a constant stream of white noise. From ever-evolving laws and restrictions, to the struggles of people under pressure, to tragic personal stories and tides of fake news, it can seem impossible to keep one’s head above the metaphorical water – let alone grow and shape a thriving business.

Navigating the changing landscape brought about by Covid-19 has certainly been a challenge for property managers. However, it has also brought into stark relief the critical role that property managers play on behalf of landlords, and highlighted a few essential operational capabilities that will become non-negotiable in future.

Let’s face it: the world we live in today is not the same as it was three months ago. Likewise, the world in three months’ time is going to be a very different place to the one we’re in today. Times have never changed this much this fast, and it’s creating a huge amount of uncertainty for people and businesses everywhere.