PropertyMe attracts one millionth rental property

PropertyMe

PropertyMe attracts one millionth rental property
Posted by
on Sep 01, 2020

PropertyMe secured its one millionth property yesterday — a 4-bedroom house in the northern Sydney suburb of Riverview managed by real estate agency Ray White Lane Cove.

Lisa Pentland, Director of Customer Success, said the milestone means PropertyMe now has almost 50% of the 2.3 million rental properties in Australia sitting on its platform. “It is an exciting achievement and means our software is now assisting real estate agents process over $1 billion monthly in rental payments,” she said.

“Despite the challenges of the coronavirus pandemic, we have experienced strong ongoing growth as agents and investors have sought new ways to interact with their customers and manage their rental property portfolios remotely.”

PropertyMe was established in 2013 to help real estate agencies and investors better manage their property portfolios. The company has attracted all the major real estate agency networks, including agencies such as the Ray White group.

Commenting on the signing of the one millionth property, Paul Nees, Principal at Ray White Lane Cove, said: “We signed up with PropertyMe two years ago after reviewing some of the technology applications available on the market. The PropertyMe offering won us over, mainly due to its high level of data security, the fact that it streamlined processes reducing manual input and errors and the fact that our team members could work autonomously from home.”

He said PropertyMe had been a blessing during COVID-19. “There is no way my staff could have worked from home as quickly or efficiently as they did without the platform. PropertyMe has saved us time and money, while increasing our productivity and profitability.”

Highlighting the growth of the business in recent times, Lisa Pentland said the PropertyMe platform was now facilitating in excess of 4.1 million conversations, 1.5 million maintenance jobs and 1.1 million inspections annually.

“Our technology is world-leading and we are now considering launching into key overseas markets, including the US,” she said. “Our proposition is strong: what used to take hours to complete on a server-based system can now be done in minutes with automated workflows. Some of our customers have saved up to 120 hours a month across their agency operation, allowing them to focus on more important matters like nurturing relationships and growing their rent roll.”

Pentland says the ability to accurately track data and insights distinguishes PropertyMe from other systems. “With legacy software, it’s virtually impossible to track active properties under management or know whether a property manager is still using the software," she said. "In the PropertyMe cloud, we can precisely measure the activity in a live rent roll."

“Agents can therefore significantly increase their efficiency and mitigate the risk of human error by automating repetitive tasks in seven key performance areas: communications, leasing, inspections, maintenance, bill management, arrears and end-of-month.”

1 million properties managed in PropertyMe infographic

About PropertyMe

Founded in 2013, PropertyMe is Australia and New Zealand’s largest and most complete cloud property management system and software to service the evolving needs of the modern property manager. PropertyMe provides clever automated workflows in a seamless, easy-to-use, convenient app, which can be accessed anywhere, anytime.

With PropertyMe, property managers can increase efficiency and mitigate the risk of human error by automating repetitive tasks in seven key performance areas. For more information, please visit propertyme.com.au.