What can be automated in real estate?
- Tenant onboarding (RPA bots extract and enter data and run the necessary checks)
- Bank and account reconciliation
- Payment reminders (or even automating standardized communication, such as contract renewals or rent increases)
- NAV calculations
- Portfolio management (letting bots list properties, following their statuses and values, and then updating them on all your sites)
- Maintenance management (RPA enables automatic maintenance scheduling and requesting and utilities reporting)
- AP/AR (bots can verify data, run forecasts, or pull payment details from invoices and upload them into your system)
- AML/KYC compliance (RPA algorithms scan customer information for potential regulation breaches or extract this info needed for other compliance assurance duties)
Share This Story, Choose Your Platform!