There’s no escaping technology and the impact it has had on our lives, making everything from ordering something online to power up our home appliances from several miles away really easy.
Technology has also fundamentally changed how landlords and letting agencies, for example, buy, manage, and operate spaces – making lives easier for tech-savvy homeowners and demanding tenants alike.
Whether you want to improve your back office process, improve listings online and make them more enticing, or manage your vast client database, technology has made the work of letting agents and landlords a lot easier, helping them stay on top of their game.
The use of digital tools is especially important for letting agents, investors, and landlords as it adds speed, efficiency, and data sharing (among other things) to the mix to really speed up business and the way they serve clients.
Many of these technologies and digital tools offer a plethora of features to enable agents to process, store and access key information in a near effortless manner – effectively matching the perfect client with a specific property while optimising their own business in several ways.
Property and facility management, for instance, or the inspection process before a property is occupied or after it’s vacated, is something that agents and landlords end up spending a lot of time, energy and resources on.
However, when you have a piece of software or app at your fingertips that can record data, standardise the entire inspections process for your team, ensure consistency across processes and even identify potential risks – you can digitally perform inspections in a far more efficient and cost-effective manner, where immediate insights are available to help you take the appropriate action without delay.
This ability to automate processes, and store and quickly access critical information at the drop of a hat can be very useful; it can not only boost communication but also cut down administration by almost half.
Things that once took hours to complete, including inspection processes, can now be completed in just a few seconds, as you already have the necessary information on hand. Lettings agents and landlords must, therefore, keep pace with the latest technological innovations to improve their own processes, and as a result, improve service delivery quality.
Efficiency and time management are two of the biggest challenges faced by both letting agencies and landlords. While larger or very well-established letting businesses can, perhaps, afford to lose a few clients here and there on account of inefficient processes, smaller agencies simply can’t. In fact, the average tenant and homeowner are now so technologically savvy, that they expect their landlord or letting agent to be familiar with the latest piece of software and communicate key information instantaneously whenever the need arises.
TIM, The Inspection Manager, offers valuable tools such as automated mobile inspection forms, deep and insightful offline analytics, and detailed PDF reports.
For more information visit https://www.theinspectionmanager.co.uk/Data standardisation refers to using consistent methods for collecting data, although this is a very basic and somewhat generic description of what it truly is. If we delve in deeper, data standardisation is the process used for transforming data to fit a constrained and predefined set of values – ultimately, relying on uniformity to improve efficiencies.
Data standardisation refers to using consistent methods for collecting data, although this is a very basic and somewhat generic description of what it truly is. If we delve in deeper, data standardisation is the process used for transforming data to fit a constrained and predefined set of values – ultimately, relying on uniformity to improve efficiencies.
The previous year was a roller coaster for the commercial property sector, with both landlords and tenants facing unique challenges. It looks like 2023 is also going to be a challenging year for landlords – with the higher increased rates and Section 21 changes, for instance – and for tenants as well, who are finding it to keep up with rental demands owing to the inflation and the current cost-of-living crisis.
When an economic shock or recession hits, all properties are impacted. However, commercial properties must bear most of the brunt because a lower demand in the building, sale, and letting of commercial properties means that businesses cannot function as effectively and contribute to the economy as they normally would.
The public at large believes that housing inspections should be in the hands of local councils – at least, according to this survey. Conducted by the APSE (Association for Public Service Excellence) reported that 59% of the public are in favour of Building Inspections by local councils, while 23.4% support private inspections.
In 2021, UK commercial properties contributed on average, 20% of carbon emissions, according to a report published by the Committee on Climate Change. Furthermore, in larger cities, including London, commercial buildings were responsible for more than 70% of the city’s emissions on a whole.
The UK happens to be the most influential property technology or ‘PropTech’ hub in the world, despite Brexit-related problems and uncertainty. As well as the global pandemic, which hit the UK just as hard as some of the worst-hit countries.
The commercial property sector has an important role to play in the UK economy, not only in terms of a direct and indirect output generator, but also in terms of helping retailers, financial services and other businesses boost production.
Technology can transform facilities management (FM), helping you save on costs and drive efficiencies. For many businesses and organisations, their three main expenses are: Employees, Technology, Facilities. However, in the rush to recruit talent and keep up with new technology, organisations can end up overlooking their facilities.
Facilities managers must adapt to changing recommendations, regulations and legislation. There has been Government consultation for the Future Buildings Standard, on proposed changes to fuel and power conservation and ventilation in building regulations.
