Wednesday, December 27, 2017

Fam rolls out hitech property management system

Leading real estate brokerage fäm Properties has unveiled a new tech-driven property management system that will transform the way real estate agents and landlords communicate in the UAE and also help tenants resolve issues more quickly.

Devised by fäm Properties, it comprises an Oracle-based customer relationship management (CRM) system linked to an Android and iOS app, both developed by the company’s in-house tech design team.

The bespoke online platform, which can be individually tailored, considers maintenance fees, service charges, incoming rent and all other financial aspects to calculate actual ROI for landlords.

It gives landlords peace of mind by delivering real time condition reports, budget forecasting and showing actual return on investment (ROI) for individual properties through a unique online platform.

Also the new system will be a boon to tenants, who often get frustrated over delayed response to urgent maintenance problems. It comes with an instant communications channel to resolve domestic issues like AC breakdowns, plumbing leaks and electrical failures.

“The objective is to take property management services to a new level, using technology to make it much faster, easier and more effective for real estate agents, landlords and tenants to talk to each other,” remarked its CEO Firas Al Msaddi.

“This is another first for the Dubai property market, and we feel it’s particularly important in the current economic climate to adopt an innovative approach to real estate overall,” he added.

Having last month launched a sophisticated market analysis tool providing real-time insights into Dubai property trends, fäm Properties believes its new property management offering will help dispel negative attitudes towards real estate agents in the UAE market.  

The new system has paperless access to all documents for each property and can receive detailed monthly, bi-annual or annual reports, and avoid time-consuming hassle of calls, emails and meetings with agents in the process.

"For investors, there’s a major advantage in being able to access real time data, speed of property manager response, photos, quotations, tenant’s satisfaction and actual ROI, as opposed to promises of 6, 7 or even 8 per cent returns and a subsequent delivery of different numbers due to lack of efficiency," remarked Ahmed Abou El Naga, the director of Asset Management for fäm Properties.

"By using the new Fixit app, which is linked to the online CRM platform, to upload information and images, tenants can instantly can bring urgent maintenance issues to the immediate attention of landlords and agents," stated Naga.

The obvious benefits of the app for the tenants are expected to boost occupancy rates for managed units, increasing profitability for landlords in the process, he added.-TradeArabia News Service

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