Commercial Property Management

Property Management

Commercial Property Management

Facility managers have their hands full every day ensuring the processes in the structures under their care run efficiently. The systems that make up the building environment often require varying levels of periodic intervention to run optimally. This alone raises several challenges ranging from simple daily interventions to complex solutions that involve multiple parties.

The key to handling these issues lies in identifying the potential problems early to have time to review the most efficient and effective ways to resolve them. Olympus™ is the solution to your current issues.

1) Controlling Costs

Controlling costs remains one of the most critical challenges in building maintenance. As a result, facility managers typically find themselves having to maintain quality service delivery despite budget constraints. They’re under pressure to do more with less. Using I.O.T Olympus™ can help you save on maintenance and energy costs. By gathering data from all of your connected and non-connected systems Olympus™ can help you save on maintenance cost by allowing you to be preemptive in the maintenance of your equipment and extending the life cycle of each unit. Olympus™ can also use this same information to reduce energy costs by using T.O.U (time of use) data optimizing when your equipment runs.

Although this might appear daunting, it can be done. Costs can be contained with some planning and the implementation of the Olympus™ Automation Platform. 

  • Energy costs: According to a report by the U.S. Environmental Protection Agency (EPA), up to 30 percent of energy in buildings is used inefficiently or unnecessarily. Facility managers can improve this by recommending more environmentally friendly energy sources like solar panels, planting trees, using Olympus™ an automated building technology, choosing energy-efficient lighting and allowing for more natural light.
  • Maintenance costs: Maintenance costs alone can account for a significant part of a facility’s annual budget. Implementing a planned maintenance strategy rather than reactive ca deliver major cost savings in the long term because the cost of deferred maintenance can be rather high. Through the use of the Olympus™ we can achieve savings never before seen using existing data previously not gathered and analyze it to implement and maintain preventive maintenance schedules and automation of your current systems.

2) Record Keeping and Data Analysis

Facility managers often get swamped with records. These records range from those generated from day-to-day operations to meeting minutes, stock and assets inventory, repairs and servicing, etc.

Keeping records organized starts from capturing accurate and reliable data, then storing them to form the basis for making informed and strategic decisions. landscape can put all of this information into an easy to use control panel, giving you the ability to run reports for specific information. The power of historical data should not be underestimated, the power to make informed decisions is one of the greatest ways for you to save costs related to energy, maintenance and personnel. However, it’s expected that with more advancement in smart technologies, the I.O.T will play a bigger role in capturing and analysis of  data. Olympus™ will be able to pick up and report that data back to you. Olympus™ has the ability to create trouble tickets, send email and sms alerts or display visual alerts.

3) Emergency Response and Safety

In the event of an emergency, the responsibility for communication and evacuation rests with the facility management team. Considering that such emergencies can range from natural disasters to fire, security breach, terrorist attacks or critical systems failure (e.g. prolonged elevator entrapment), emergency response and safety require proactive and thorough planning. Olympus™ can be configured to alert, monitor and protect against any such safety concerns.

Olympus™ is an all-in-one residential, commercial property management software system. It was designed to help you manage all your properties, saving you time, money, and resources, making you a greener business. All while reducing the overall cost maintaining and managing your property portfolio. Olympus™ will allow you to manage all of your properties regardless of location from one centralized web based control panel. Contact us today for an evaluation of your needs and see how Landscape can help you manage your portfolio more efficiently.

The work of property management staff never seems to end. Whether it’s tenants, owners, landlords, contractors, and an endless stream of accounting tasks, the days can be grueling.

It’s the same in most industries and as businesses increase their customer base and provide more and better quality service. Yet, we all have a finite amount of time and energy for our work. At some point, we look for a better way and automation is it.

Software automation is a process of optimizing workloads for property managers and increasing the quality of reports and tenant interactions.

There’s a lot of reasons for you to adopt property management software.  The automation of daily tasks and customer interaction may be the most important. Property managers cite workload and stress as key issues, so software developers such as the Olympus™ Team are responding to your need for friction free workdays and better results.

The Transformation to Automation

Sure, automation can seem like a unsettling word, but it’s going to be best business asset you have — one you won’t be able to manage without. As workloads increase, every property manager is under pressure to simplify.  PM software is the way to transform how you do business.

New property management startups have a competitive advantage. With no legacy systems or old school practices, they’re free to build their business on top of software automation. It automatically optimizes their business processes. They pursue lucrative property portfolios with no hesitation.

Property management software allows you to automate multiple business operations

Why Is Software Automation So Good?

Consider these very important benefits of automation:

1.   Rent Collection: automating online rental payments for tenants reduces issues and errors in transactions. The whole process is done invisibly to you so it’s like the task disappears.

2.  Maintenance Requests: Fewer phone calls and using pre-resolution communications means you may not even have to send a contractor, or at least to be certain of what’s needed so there is no costly mistakes.

3.  Simplified Accounting: bookkeeping entries and accounting reports done without your manual input means you can concentrate on verification.

4.  Number of Doors: Streamlining operations mean you can manage more properties (multifamily) and seriously increase your revenue and profit.

5.  Property Inspections: Enjoy receiving reports or creating them online in a software module via a mobile device. Mobile inspections can save a lot if you conduct 20 ore more inspections per month.

6.  Reduced Paperwork: Those piles of paper in the cabinets are the bane of property managers worldwide. If you automate much of that documentation, you’ll have eliminated the stress and errors so common.

7.  Automating Performance and Financial Reports: Collecting, collating and interpreting data for reports is a horrible task. The best software accurately and quickly does this and gives you real time views of your business. Your board members, treasurers and staff will appreciate not having to make so many phone calls when the data is readily available in reports.

“I’ve Already Tried Rental Property Software”

Instead of procrastinating or giving up because the property software you used was awful, hard to learn, and tiring, investigate again with a longer time perspective. Perhaps the software you used wasn’t designed for human user’s learning styles. Some software was designed for users.

Visualize one year down the road where you could be enjoying a much lower workload and making your tenants happier. Cut costs and raise revenue. This is how you will keep your property management business sustainable.

Research shows tenants don’t want old school management. It’s unresponsive, makes them feel helpless and bogged down, and doesn’t fit with their daily lives. Tenants are busy. Contractors are busy too trying to keep their businesses profitable and increasingly they would rather be updated via text or computer interface.

Property software fails when it’s too complicated and discourages use. If tenant communications and management is your key problem then try a solution that focuses on communications. Master that first, then move on to integrate accounting, rental payment, or maintenance contractor management.

You don’t need an all-inclusive property management solution. Instead you need those modules that will reduce your work yet still fit in with how you manage clients with a personal touch.

Software automation also hides the complexity of business operations so you can focus on those areas that must have your attention. Focus is central to feeling good and keeping your business healthy.