Discover how high-end technology is revolutionizing the industry—and learn why ONR is the digital companion every association needs.
The property management industry has always been a demanding field that requires exceptional organizational and detail-oriented skills. However, with the advent of cutting-edge programs, the way managers conduct business has been revolutionized. Let’s delve into the impact of technology on the community management industry and focus on ONR as the definitive software solution.
Statistics on Property Management Software Adoption
According to MarketsandMarkets, the property management software market size is expected to grow from USD 10.53 billion in 2020 to USD 22.04 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 15.7% during the forecast period. This growth is attributed to the increasing adoption of cloud-based technology that offers greater scalability and flexibility than traditional on-premises solutions.
A recent survey revealed that 67% of property managers currently use some type of software in their daily chores, indicating that the adoption rate of digital tools is already high and is likely to continue expanding in the future.
Property Management Software Adoption in Key States
According to a recent survey, the adoption rates vary across different states in the United States, with Florida, Texas, Illinois, California, and New York having the highest adoption rates.
In Florida, for example, 72% of property managers reported using it, compared to the national average of 67%. Texas and Illinois also had high adoption rates, with 70% and 69%, respectively. In California and New York, the number is 66% and 63%.
The Impact of Digitalization
Property management software has transformed the community management industry in multiple ways. First and foremost, it has helped property managers communicate with tenants and address their needs. For example, ONR allows one to easily submit maintenance requests online, which can be tracked and addressed in real-time. This enables inhabitants to report problems more conveniently so that management can address issues more swiftly and efficiently.
Keeping track of lease agreements, rent payments, and other essential tenant information has never been easier. These new technologies have significantly enhanced the accuracy of record-keeping, minimizing errors or oversights. With ONR, managers can easily access contracts and track rent payments, empowering them to stay on top of their finances, while facilitating the managing of servicing tasks. With ONR, your team can create work orders effortlessly and assign them to the repair staff. This simplifies the maintenance process, ensuring all requests are handled expeditiously.
Why ONR is the Definitive Software Solution for Property Managers
Of all the solutions on the market, ONR stands out as the definitive choice. Here are a few reasons why:
User-Friendly
The intuitive interface makes it easy to navigate and use the software without extensive training.
Cloud-Based Solution
ONR is a cloud-based software solution, which means that it can be accessed from anywhere with an internet connection. This feature enables remote work around the clock.
Comprehensive Feature Set
We offer an all-in-one set of features that cover everything from lease management to maintenance requests. This eliminates the need to use multiple software and focus on their core responsibilities.
Customizable Dashboard
The customizable dashboard provides easy access to the information that matters most to them, such as rent payments, work orders, and tenant contact details.
Integration with Accounting Software
ONR integrates seamlessly with popular accounting software, supporting the tracking of their financials and the generation of reports. This feature saves time and reduces errors that may occur when manually entering financial data.
In a digitally-competitive market, ONR is the way to go. From software solutions to a user-friendly interface, cloud-based solutions, a comprehensive feature set, customizable dashboard, and integration with accounting software, by choosing to work with us, property managers can streamline their operations, improve tenant satisfaction, and stay on top of their finances. The community management industry is on the cusp of significant change, and ONR is leading the way.