Property Management Trends Post Covid-19

In the wake of the pandemic, we have all had to think twice about how we interact with the world around us, from how we run errands to how we open doors. The pandemic has changed everything about our lives. Our need to keep social distance and reduce the potential for virus transmission has affected our learning, working, shopping, socializing, and moving about our communities.

As a result, trends in architecture, education, e-commerce, and even civil engineering have emerged to meet the needs of our radically changing society. These new habits have spawned diverse trends that property managers can utilize to manage their properties.

Covid-19 challenges many property management teams, but technology quickly helped ease the burden of transferring to an entirely remote working model. Today, for a successful property management company to exist/function/run, maintenance requests still get resolved, prospect inquiries still get answered, property viewings still get accommodated, and communication lines are open amongst agents, landlords and tenants.

Read on to find out the latest post-pandemic trends in the property management industry:

• Contactless Services:
  Since 'touch' is the main factor leading to the spread of Covid-19, the most crucial consideration would be making all touchpoints contactless. This can be accomplished by using motion sensor technology. The process can begin at the entrance, where employees and visitors must authenticate their identities remotely before they are allowed in. Automated sensors also allow for a minimum of human interaction.
   
• AI and Other Technologies:
  Smart technologies accelerate virtually every aspect of building automation. Smart technologies will become even more critical in the post-Covid world, given that facilities will be occupied in phases. Additionally, better control and intelligence are required to operate buildings in a very dynamic environment with various occupancy patterns. Using remote monitoring and data analytics can enhance efficiency in this dynamically changing environment.
  Intelligent buildings encourage property managers to rethink the use and integration of facilities into one ecosystem. All buildings' assets or devices, such as lights, sensors, windows, HVAC units, doors, and CCTV cameras, have a unique identifier and are fully integrated into a network. The adoption of cloud-based technologies will enable Property Managers to take advantage of what lies ahead and become more vital than ever before. Artificial Intelligence and IoT technologies will increase operational efficiency and improve building management, thus allowing property managers to monitor and control facilities distantly.
   
• Health, Safety, and Security of Staff:
  Despite the need for frequent cleaning and disinfection, the pandemic has made fresh air flow in work areas more important. Most facilities rely on the Heating, Ventilation and Air Conditioning (HVAC) systems to provide clean air. The focus will be on improving the air quality of HVAC systems by disinfection using UV technology. In facilities with many employees, thermal cameras with facial recognition systems can be installed to detect abnormally high temperatures. The layout of the work area, washrooms, cafeteria, and even concierge services should reflect social distancing norms.
   
• Maintenance Operations:
  One of the most problematic aspects of property management during social distancing has been asset management and maintenance. Property management has changed dramatically in just a few short months—digital property management software help with addressing the non-essential repairs efficiently. Along with this, enterprises have been able to expose new opportunities and find new ways to work while ensuring the safety of their residents and employees, thanks to the rapid adoption of mobile technology.
   
• Interactions and Communications:
  Before the pandemic, property managers interacted with their prospects and residents daily - social distancing made this impossible. Digital technology played a vital role in transitioning from pre- to post-pandemic. The effect of this shift has been to streamline many aspects of property management and ushered in a new era of efficiency.

The need for property managers to communicate with residents and vendors quickly and safely will increase in a post-pandemic world. It has also become harder for property managers to keep residents informed and in touch. As a result, Property Management Software and Applications have become important ways for businesses to communicate with their customers. Going forward, residents will find it more convenient and safe to interact/communicate through emails and book services through the application that supports all these features.

RealCube is an application that lets you do all of the above on a single platform with various features like digital transactions, a centralized dashboard, managing maintenance requests and living conditions of all your properties and so much more. Manage all your property management needs and step into the post-pandemic world safely and efficiently with us!