Scaling Property Management: Building for the Future
Oct 30, 2024
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Kobi Bensimon, founder and CEO of ShowDigs, dives into the evolution of property management through technology. He shares insights on leveraging virtual assistants and licensed agents to enhance efficiency in the single-family rental market. Kobi discusses the ongoing challenge of combating fraud in self-guided tours and emphasizes the need to build processes for the future. The conversation touches on the importance of community engagement and the innovative solutions that can revolutionize property management for the digital age.
Technology plays a crucial role in scaling property management businesses by streamlining processes and enhancing efficiency with platforms like Showdigs.
Creating community-focused initiatives, such as an Owner Education Series, significantly improves client engagement and reduces churn in property management.
Deep dives
Building Community in Property Management
Creating a sense of community is vital for property management businesses. Instituting programs like an Owner Education Series can foster relationships between property managers and clients, effectively enhancing client engagement. By inviting vendor partners to present and provide refreshments, managers can create a welcoming environment conducive to open dialogue. Such initiatives not only strengthen bonds with existing clients but also facilitate referrals, ultimately reducing client churn.
ShowDigs: Revolutionizing Property Management
ShowDigs offers a groundbreaking leasing automation platform aimed at improving efficiency for property managers in the single-family rental (SFR) market. This platform connects licensed real estate agents with property managers to streamline the showing process, allowing property managers to handle multiple listings without the burdens of traditional fieldwork. With agents available on demand, property managers can avoid the traffic and inefficiencies typically associated with managing scattered properties. The service eliminates the constraints of geography, enabling property managers to lease homes across broader areas effectively.
Leveraging Technology for Increased Efficiency
The success of ShowDigs stems from its use of technology to facilitate property showings and inspections while reducing the workload for property managers. By employing a gig economy model, property managers can tap into a pool of licensed agents who handle tasks like showing properties and documenting inspections on a flexible, as-needed basis. This allows property managers to concentrate on core business activities rather than being bogged down by routine operational tasks. Overall, this model enables property managers to scale their operations while ensuring efficiency and responsiveness.
Addressing Challenges in the Rental Market
The rental market faces challenges such as fraud, squatting, and the need for regular property assessments. Platforms like ShowDigs help mitigate these risks by providing agents to conduct health checks and inspections, ensuring that properties are secure and maintained. Additionally, through proactive measures like monitoring online listings for fraudulent ads, the service aims to protect property managers and their clients from scams. By utilizing technology and local agents, property managers can effectively monitor their properties without the associated hassle.
In this episode, host Pete Neubig interviews Kobi Bensimon, founder and CEO of Showdigs. They discuss Kobi's journey from software engineering to property technology and how his platform helps real estate professionals manage showings. Kobi shares his insights on the future of property management, highlighting the importance of using technology to scale businesses, especially with virtual assistants. He also emphasizes building processes for the future, not just the present, and how Showdigs addresses the ongoing challenge of scamming in the industry.
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