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Evolving Role of Technology in Property Management: What Los Angeles Property Owners Need to Know

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We’ve always had access to technology, and over the last decade, the tools and platforms available to Los Angeles property managers have really changed the way we lease, manage, and maintain rental properties. It’s more efficient. More intuitive. It benefits our owners, our residents, and our entire industry. 

The technology-driven solutions also keep your investment more secure, and profitable. 

Let’s take a look at the evolving role of technology in property management and how rental property owners across Los Angeles can leverage it.

Online Rental Applications and Objective Tenant Screening

Gone are the days when applicants had to visit a rental office to fill out the appropriate forms necessary to rent a home. With online rental applications, the process is as simple as clicking a few buttons on a website. Property management software allows applicants to submit their documents, pay application fees, and track the progress of their application from the comfort of their homes.

The screening process is more objective, thanks to this technology. There’s less danger that a fair housing mistake will be made. Our screening software makes sense of all the data points we gather, and that leads to more efficient screening. There’s a digital record of the applications, which can be a big help if there is a dispute in the future.

Virtual Tours and Marketing Los Angeles Rental Homes

Virtual tours have been popular for many years. They allow potential tenants to view the rental properties remotely without having to physically visit them. It’s a great way to minimize the amount of tenant traffic you get from people who just want to take a look. If a prospect has already seen the video tour and still wants to schedule a showing, they’re a pretty strong lead.

Virtual tours showcase your properties to a wider audience, attracting tenants from different regions. Additionally, virtual tours can help you address any potential concerns of your tenants before they move in, improving their overall rental experience.

Self-Showing Tech and Smart Locks

Smart locks are revolutionizing the way prospective renters access rental properties. They allow you to grant access to your rental units remotely, using a smartphone or a unique code, reducing the need for physical keys. You don’t have to be present for the showing.

Self-showing technology has several advantages for landlords and property managers. You can keep track of who is entering and exiting your property; whether it’s a tenant looking at your home or a vendor responding to a maintenance need.

Los Angeles Property Management Software

Rental property owners working with a Los Angeles property management company are well-positioned to leverage property management software and technology. Our tools automate many aspects of managing rental properties, such as rent collection, maintenance requests, and accounting. With our property management software, we can easily keep track of rental payments, generate reports, and communicate with tenants. This leaves us more time to focus on the needs of your property and your residents.

Technology in Property Management

There’s a lot of new tech becoming normalized in our industry, too, including artificial intelligence (A.I.) and building management systems. We’re using property management insights and data analysis to make you more profitable. 

Let’s talk more about technology and how it can help you as a rental property owner and a real estate investor. Please contact us at EGL Properties. 

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