Robotic Process Automation (RPA) in real estate is actually an opportunity to make your real estate agency slimmer and more efficient by improving client-servicing, avoiding tedious or boring routines from the workday, and enhancing listing quality.
RPA services and other automation technologies to the real estate field enable them to automate onerous and manual tasks which allow employees to give more attention and focus to activities that are very significant and provide more value to the company. To put it simply, Robotic Process Automation paves the way for real estate businesses to grow, flourish, and reach heights.
Robotic Process Automation can automate multiple processes in the real estate industry. Some of the common use cases of RPA in real estate are discussed below:
Tenant onboarding
The onboarding procedure of a tenant involves many numbers of manual tasks that can be time-consuming and can end up as a bad experience for clients. RPA bots can be programmed according to the needs of real estate businesses – to extricate and process information to manage rule-based processes which are a part of the tenet admission process. The main uses of RPA in this process include:
Generating new tenant application
Checking the criminal background
Verifying the job, income, and reference
Accepting or rejecting tenant.
Payment reminder
Delayed payments are a recurring, troubling, and annoying side of real estate management and this is something that every real estate company agrees to. Here RPA bots come with an added advantage and take away the tension through automation. The bots are capable of sending automated reminders to clients regarding the rent payment. It is a brilliant option for businesses planning to automate rental payment reminders to go for RPA bots as it can verify payments made by tenants and send automated reminders to non-paying tenants.
Portfolio management
The process or technology of managing resources in the real estate business to increase and maintain the value of the property is called portfolio management. Real estate businesses can simply attain this by selling or owning the portfolio components of each individual and handling various resources. Robotic process automation makes it easy for agents to identify rented or sold properties from their business network. Additionally, businesses can even upload data on numerous sites, giving better visibility and reach to their properties.
Client management
Clients are the assets of a real estate company and therefore it is very important to satisfy the requirements of clients. RPA bots are capable of comparing thousands of properties in Multiple Listing Systems (MLS) in order to find the perfect property considering the client-defined attributes. This not only makes the process smoother but also saves time for the agent.
Whether you are a beginner to the world of Robotic Process Automation and require some guidance, or you are already familiar with RPA solutions, our goal at Extend Automation is to ensure your team is fully supported and empowered to implement RPA in a way that helps your business reach its full potential.
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