How YINC is changing real estate management?
The real estate market is not known for upgrading technology very often. Even when good solutions are developed to solve problems in the industry, it’s very hard to get real estate companies to adopt them.
Most large firms have at least started using systems like Yardi, Appfolio and MRI to help them manage all their properties and tenants, and these systems pretty much cover everything from accounting to leases, rent rolls and everything else, but the one major component these systems are lacking is in the way they manage the services and handle tenant communications.
Many buildings use these systems and others to offer their tenant a platform they can use to submit their service requests. But none of these systems are very user friendly and there’s no incentive for the tenants to use them. This basically defeats the purpose, since most tenants just end up calling, emailing or even going directly to the management office whenever they need a service done.
But YINC offers a new kind of solution. YINC’s system is not only designed to be user friendly and easy to use, but tenants will actually get paid to rate the vendors that the managers hire.
How’s that for incentive?
What’s more, tenants can use the same system for jobs that management isn’t responsible for. Tenants who might be looking for a web designer or even just a dog walker can do so through YINC.
So, there’s a lot of benefits for tenants to use the system. But more important for real estate firms is NOI and saving money. YINC can help with that too. There’s currently a severe lack of trust for online reviews. This prevents real estate managers from bidding their jobs out to vendors online and most choose to just stick to using the same vendors they always have, resulting in much higher prices than they need to be spending. As they spend 7% of their yearly revenue of maintenance, it’s important to real estate managers to save as much as they can in this area.
That’s one big reason why YINC’s blockchain-powered authentic reviews are pivotal for the commercial real estate market. Having a trusted platform of reviews that can’t be faked or altered in any way gives real estate firms the opportunity to get competitive quotes for each individual job, driving down overall costs.
YINC also understands that it is very hard and time consuming for real estate firms to adopt to new technology so they strategically added the features for the commercial platform together with their real estate partners, who own and manage over $10 billion of real estate globally, to work in tandem with the management systems they currently use.
YINC Commercial was designed for firms of all types and sizes, whether you manage commercial or residential properties or even nursing homes. YINC Commercial will help you save time and money all while enabling you to offer your tenants a much better customer experience. YINC has already secured signed commitments from over 30 real estate firms to use YINC for all their services after the company passes its ICO. Talk about an endorsement!
