The segments of Real Estate Investment and Property Management are dynamic facets of the economy that provide stability. We all need a place to live, businesses need premises, and communal spaces are necessary for social interactions. While some Real Estate Investment firms prefer to manage their properties, others hire external Property Management firms. Both types face similar challenges, notably the rapid pace of technological change and the lack of in-house IT expertise. With increasing costs and fluctuating interest rates, these companies are seeking ways to evolve and adapt. Many are turning to technology and remote staffing, services that Valenta excels in providing to clients in these sectors.
Real estate can be broadly classified into four main types. Residential properties include everything from single-family homes to apartments, also incorporating vacation rentals. Commercial properties, aimed at business activities, comprise hotels, malls, offices, and shared workspaces. Industrial properties, which include manufacturing facilities and warehouses, serve the industrial sector. Lastly, special-purpose properties, including sports arenas, schools, and religious institutions, are built for specialized uses. Each of these plays a vital role in the wide-ranging real estate industry.
There are four types of real estate and property management: Residential, Commercial, Industrial, and Special Purpose. Below are some examples by property type :
Well-established Real Estate investment firms, such as REITs, have benefited from employing consulting services, digital transformation firms, and staffing providers to reduce their expenditures and enhance margins. Now, this trend is expanding to include midsize and small businesses in this field. At Valenta, we serve a diverse range of clients, typically those with staff numbers from 10 to 1,000. Our expertise encompasses all necessary technology and innovations required to navigate the evolving Real Estate and Property Management sector. We have a broad network of Managing Partners located in cities worldwide, many of whom have a background in Real Estate and Property Management. They cooperate with a team of onshore and offshore consultants, developers, and managers of outsourced personnel to provide the highest quality services to our clients.
Some of the duties that can be outsourced and sometimes automated include:
The below are the top challenges faced by today’s Real Estate and Property Management sector. Valenta can assist with all of these challenges through a combination of Process Consulting, Digital Transformation and Staff Augmentation :
At Valenta we can aid with today’s challenges and provide services that address growing top line revenue and bottom line profits. We can provide outsource staff to help locate new properties, manage existing ones, collect rent, and provide bookkeeping and accounting services. Valenta also provides digital marketers, IT staff, software administrators all of which are useful in the Real Estate and Property Management space. We can apply AI and ML to investment property searches, costing and procurement, and provide data analysis and business intelligence solutions and services to our clients in the Real Estate and Property Management space. In addition to the roles already mentioned when it comes to staffing, we provide new economy and information economy roles like Big Data Specialists, Cyber Security Engineers, Cloud Engineers, RPA Developers, DevOps Engineers, Data Security Analysts, and more. We provide automation and bots as a service and many functions in the front end and back end of Real Estate Management lend themselves to RPA and automation.
Valenta can help Real Estate and Property Management companies in the following ways.
Real Estate and Property Management companies cannot afford to waste time or have inefficiencies in their organizations. Process issues appear frequently in companies who deal with a large number of transactions like Real Estate and Property Management. We look for waste in all processes and have staff available for process mapping, task mapping and business optimization.
success and failure. We help our Real Estate and Property Management clients flawlessly execute Excellence in execution is essential. Great ideas and goals are only the beginning. Successfully implementing new strategies, projects, and plans is the difference between.
Innovation is a key to success for all businesses. The competition, customers, and the business environment are always changing. Innovation is a key way Real Estate and Property Management companies can stay ahead of the competition and differentiate themselves. We help our clients to be nimble and agile.
Developing and executing the right growth strategies is critical. Our clients benefit from bringing in our expertise for hire. We can provide actionable strategy for our Real Estate and Property Management clients plus detailed plans for how to get desired outcomes and results.
There is a tremendous need for all companies to automate and adapt to new technologies and ways of doing business. Real Estate and Property Management companies are no different. Having skill sets inhouse to pull this off can be challenging. Valenta implements solutions such as RPA and Conversational-AI for businesses of all sizes at competitive pricing. Offloading this important function to us, helps Real Estate and Property Management companies focus on their core business.
In today’s environment a business must grow or die. One of the most painful challenges is sustainable and profitable growth. Our team of partners, consultants, developers, and back office staff can implement a myriad of growth strategies for Real Estate and Property Management companies to strike the right balance of growth and profits.
The bottom line is crucial. Maintaining profitability and healthy cash flow is something every business must pay close attention to. Real Estate and Property Management companies are no different. Valenta can identify opportunities for efficiency gains and can provide ROIs for all client projects.
If current employees are under-skilled or not able to fulfill the requirements of positions, Valenta’s team of skilled and fully trained individuals can meet requirements. Hiring is time consuming and there are not always skills available within budget. Staff Augmentation can bridge the gap of competencies and economics.
Marketing in the digital age is constantly changing and evolving and it can be hard to keep up. Real Estate and Property Management companies need to get the word out and address their prospects and renters. Lack of expertise or lack of budget is not an issue with Valenta’s fractional full stack marketing services. There are a multitude of economical marketing options that are effective when implemented correctly.
Valenta provides Consulting services that can be of great value to the Real Estate and Property Management segment. We can assist companies in this space streamline their front end, their back office, collections, lessee support, accounting, finance and HR processes for peak efficiency and lowest cost. Savings generated can be devoted to buying new properties, enhancing properties, or upgrading infrastructure.
Valenta Digital Transformation services can streamline lessee facing functions and back office processes by leveraging RPA and Conversational AI for Real Estate and Property Management companies. We can also leverage RPA and AI for critical finance, and accounting workflows. Conversational AI solutions can be deployed to make Real Estate and Property Management lessee support agents and sales staff more efficient and better informed. All Valenta services are easy to scale up and ramp down which can be of great value to Real Estate and Property Management companies.
Real Estate and Property Management companies can also benefit from Valenta Staff Augmentation services. Hard to fill Technology roles, Data Analysts and Big Data Specialists can be supplied for better operations and decision making. Back office roles like accountants, bookkeepers, and admins to help with leases, rentals and collections, plus more can be filled quickly and cost effectively so that the maximum amount of resources can be dedicated to property management, additional investment and more strategic roles.
Many processes lend themselves to automation in the Real Estate and Property Management space. Please find the following Heat Maps highlighting Customer Support and HR areas that are often the best places to start with automation and digital transformation in the Real Estate Management segment.
How Can Midsized Companies Benefit from Staff Augmentation
How Can Midsized Companies Benefit from Digital Marketing
How Can Midsized Companies Benefit from Digital Transformation
How Can SMB’s benefit from
Top Conversational AI Use Cases Valenta & OneReach.ai
Real Estate and Property Management businesses can benefit from Valenta services. We have partners and staff onboard who understand this sector and who have experience with Real Estate and Property Management. Everything we do at Valenta is about helping companies focus on and have time for what they do best and their core mission. We do this through process consulting, digital transformation, the automation of tasks, and by providing staff augmentation. Valenta is focused exclusively on SMB clients, typically enterprise customers with 10-1,000 employees. We have Managing Partners located in cities across the US, Canada, the UK, the EU, and Australia. Our Managing Partners work with other onshore consultants, plus offshore consultants, developers, and managers of outsourced staff to deliver the best services to our clients. Please reach out here to locate a Managing Partner in your area.