Why Should Real Estate Firms Hire Managed Services?
Business owners across industries continuously seek cost-effective solutions to increase productivity. The same applies to realtors in the growing real estate industry. Businesses of all sizes look to leverage technologies but struggle when an in-house IT department and budget are non-existent. To prevent the core business from suffering, many opt to extend their IT to a Managed Service Provider (MSP).
What are Managed Service Providers (MSP)?
MSPs pre-dominantly manage the day-to-day functions of business technologies. MSPs provide end-to-end services, including installation, strategy, and monitoring of traditional and modern technology systems, such as Software as a Service, data storage, servers, and cloud. Organizations find MSPs as an active alternative to engaging specialized employees for in-house IT. In terms of productivity, MSPs offer the flexibility to refocus efforts and resources to business growth.
What can MSPs do for Real Estate Firms?
The real estate industry is amid exciting transformations. Tasks like tenant management, lead generation, and communications take up most of the realtor’s time for real estate businesses. The real estate industry has made some real progress on this front, but more needs to be done. Working with MSP can help automate many of these processes and leverage real estate businesses to work on only high-priority items and activities.
Some of the advantages of using MSPs in the real estate industry include:
- Automated Tools
MSPs offer many tools available to handle effectively and monitor IT systems to avoid downtime or interruption. Automated tools such as Patch Management, Virtual Private Networks (VPN), Remote Monitoring and Management (RMM), Malware Protection, and Disaster Recovery ensure business continuity and alleviate security breaches, which are top priorities for businesses.
- Talent Management
Associating with MSPs can help ease the redundant administrative tasks that are required to manage tenants daily. MSPs help real estate businesses leverage technologies to automate the repetitive work needed to keep the lights on. Most of the day-to-day activities of realtors include compiling and filing paperwork for tenants. When operating with MSPs, paperwork like lease agreements can be digitized and stored securely on the cloud, allowing one to access any document for any property at any time. Technologies in the workflow of realtors enable documents to be organized and stored while reducing the amount of paperwork.
Anyone in charge of handling technology systems which is not an IT expert can agree to the responsibilities as a 24/7 challenge. Implementing upgrades and changes, along with monitoring security risks alone, needs full-time attention. Without a dedicated resource, overall productivity suffers. With an outsourced MSP, businesses can concentrate on their core competencies while still benefiting from up-to-date technologies without difficulty.
- Keeping up with the software upgrades and regulations
Real estate businesses have to carry out upgrades to existing Software or implement new Software to accommodate systems ruled out by the local realtors. It isn’t easy to keep track of these requirements. Busy agents can never focus on these things, but failure to do so means outdated Software, which is vulnerable to viruses and hacking. Emerging technologies such as SaaS are obligated to evolve compliance regulations across industries such as real estate constantly. The worries of falling short of, or in extreme situations, losing a business over meeting mandatory laws elevate with MSPs who are well prepared and experienced in offering specific commitments for protecting security, privacy, and data.
Real estate is one of the industries that often lags in terms of technology. Many realtors continue to handle their properties and make decisions the way they have always done them, even as technology transforms the world around them. So even if you think that your real estate business is doing well, it is still worth it to give technology a chance. One of the main reasons to go for technology is that it increases your business’s efficiency. If technology can handle some of the workloads, it frees up your and your employee’s time to focus on other tasks.
Technology streamlines the company’s workload in a way that benefits everyone. If you are a real estate company that is not taking advantage of technology, it is a great time to get started. There are many ways to start, such as adopting a cloud-based solution for managing the assets or investing in the current technology stack.
Don’t know how to start? We at LRF Enterprises have got your back! Whether you are an enterprise-level organization or a small business without IT staff, seeking to implement complicated technologies, consider consulting with an experienced MSP like LRF Enterprises. To know more, connect with us!