Episode 103: Three New Vendors Property Managers Should Check Out
Oct 23, 2023
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The hosts discuss new vendors in the property management industry, including Lula, a national vendor for property maintenance, and Colleen.ai, an AI-powered collections company. They also share funny stories about robo calls and introduce Blanket, a platform that allows property managers to list houses for sale and provides a dashboard for owners to access property information.
Lula offers a national vendor solution for property managers, providing reliable W-2 maintenance technicians in multiple markets.
Colleen.ai utilizes AI to automate communication and improve rent payment rates, maintaining an effective dialogue with tenants.
Deep dives
Lula: A Third-Party Maintenance Vendor for Property Management
Lula is a newer company that provides third-party maintenance and renovation services. They offer a national vendor solution to the challenge of finding reliable W-2 maintenance technicians when expanding business into multiple markets. Lula works with property management companies by receiving work orders and assigning licensed and insured professionals to complete the required tasks, making them a trusted source for handling maintenance needs.
Colleen.ai: AI-Driven Communication for Collections
Colleen.ai leverages artificial intelligence to improve collection efforts for property management companies. By using language modeling technology, they automate the communication process with residents to increase rent payment rates. The platform allows property managers to maintain an effective and consistent dialogue with tenants, ensuring prompt payments through timely reminders and engagement.
Blanket: Creating a Marketplace and Dashboard for Property Management Websites
Blanket offers property managers a solution to maintain client loyalty and reduce churn by creating an integrated marketplace on their websites. This platform enables property managers to list properties for sale when an owner chooses to sell, allowing other investors to potentially purchase the property and retain it within the property manager's portfolio. Additionally, Blanket provides owners with a comprehensive dashboard to monitor property-related information, such as equity, mortgages, and insurance, creating a more investor-oriented approach to property ownership.
Driving back from NARPM National Conference in Atlanta, Spencer and Matthew discuss three new vendors serving the SFR space that are worth checking out.
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Connect with Matt and Spencer at Evernest: Evernest.co