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How Property Management Companies Have Adapted to COVID
Even before the global pandemic hit, businesses across industries were busy transitioning to digital processes. This transition has led companies to look at ways to streamline operations to save money and better serve their customers.
After nearly six-months of COVID-19, many businesses have hit fast forward on these initiatives. This includes property management companies, who have adopted the pandemic.
According to a recent survey published by AppFolio, nearly half of property management companies are actively adopting new technologies to help prepare their businesses for the future. This includes changing their approach in the age of social distancing.
Getting Virtual
One way property management companies have adopted to COVID is by using virtual technologies to help show units, even while they are under lockdown orders. This includes virtual showings, self-guided tours, and other virtual reality enabled tools.
According to industry, nearly three-quarters of property management companies have adopted or plan to adopt these technologies in the next year. Beyond COVID, almost two-thirds of property management expects to continue these services enough after a vaccine is found.
Some of the solutions even allow management companies to host walkthroughs. Doing so allows for a one-on-one connection during the tour by answering questions in real-time and giving alternate views of the ... more

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