What is outsourced property management?
Outsourced property management involves sending certain tasks associated with property management to someone who is external to your company, often overseas in locations such as the Philippines.
Outsourcing high-volume, admin related property management tasks frees up property manager to focus on revenue generating activities - like growing their rent roll and increasing their market share in the highly competitive real estate industry.
- Tenancy application processing
- New management administration
- OFI management
- CRM management
- New tenant administration
- Arrears management
- Routine inspection administration
- Maintenance and repair
- Lease renewals
- Tenancy exit
- General administration
- eFiling
- Entry reports
Why do agencies outsource property management services offshore?
In the real estate industry it can, be challenging to find hard-working, professional and long-term dedicated property management staff. Many agencies are now turning to outsourcing property management services to relieve the admin burden on their local property management teams.
This frees up time in their local team better spend on tasks that have a direct impact on their bottom line - such as rent roll growth and an increase in capacity to take on more properties.
Many of our clients have gone from spending 10-15 minutes on tenancy applications to 3-7 minutes thanks to their offshore team.
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What other real estate job roles can be outsourced?
Beepo works with many agencies and provides support for a number of roles, in addition to property management assistants. These include, but are not limited to:
Benefits of outsourcing property management services offshore
Key benefits associated with outsourcing property management services to the Philippines include:
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Efficiency increase
By handing over transactional broker support officer's tasks to the offshore team, you are providing your local team with the opportunity to take on more work. By distributing workload across your offshore and onshore teams, your businesses efficiency and productivity levels will increase.
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Cost Savings
By hiring an outsourced team to assist your onshore departments with these broker support officer's tasks for a fraction of the price, your organisation's overheads and staff costs will dramatically decrease, by up to 70%.
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Increased employee satisfaction
Broker support officers’ tasks can be quite tedious and time consuming. By handing over these repetitive jobs to your offshore team, you will see an increase in employee satisfaction as your onshore team will be able to focus on what they were initially hired to do.
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Business growth
By enabling additional capabilities through your offshore team, you will be able to provide your local employees with the capacity to take on more work. This in turn will lead to sustainable business growth.
What are the costs associated with outsourcing property management services?
Outsourcing your property management services to the Philippines can represent significant employment cost savings for your business of up to 70%. At Beepo, we offer a simple monthly fee to help you reduce your overheads and focus on growing your business. This monthly fee covers everything from infrastructure, security, management and recruitment, to training, IT, legal and staff benefits.
For more detailed information on costs, please arrange a consultation so we can tailor a solution to suit your unique business needs.
The Beepo advantage
Beepo is an outsourcing company based in Australia that offers agencies a distinct competitive edge with offshore staffing solutions. We take the time to understand the hardships our clients face when it comes to recruiting hard working, dedicated staff. The Philippines is renowned for its real estate talent pool. This makes us adept at finding and recruiting the best of the best in terms of property management support for your agency.