7 Data-Backed Findings: How Automation Can Skyrocket Productivity in Your Multifamily Company

September 3, 2023
4 minutes

With the fast-paced, ever-evolving world of real estate, it's essential to keep your multifamily company ahead of the curve. As a leader, you know that increasing productivity is key to remaining competitive in the industry. One proven strategy to boost productivity is through automation. In this blog post, we'll explore seven data-backed findings on the impact of automation on productivity in the multifamily sector.

Improved Operational Efficiency

Implementing automation in property management tasks can lead to a significant increase in operational efficiency. A study by McKinsey & Company revealed that automation could save up to 20% of the time spent on routine tasks, allowing your team to focus on higher-value activities.

Enhanced Resident Experience

Automation enables a seamless experience for your residents, from initial leasing to ongoing communication. According to Gartner research, companies that automate their customer service processes can see a 15% increase in customer satisfaction. By using automation, you can provide personalized and prompt assistance to your residents, fostering long-term loyalty.

Streamlined Maintenance Management

Automated maintenance management systems can help track, schedule, and monitor maintenance tasks more effectively. A study by Software Advice found that companies that adopted a computerized maintenance management system (CMMS) experienced a 28.2% increase in productivity.

Enhanced Data Security and Compliance

Automating data management processes can significantly improve data security and compliance. A Forrester report showed that 39% of data breaches are due to human error, which can be reduced through automation. Automated systems can also help your multifamily company stay compliant with industry regulations.

Optimized Marketing Efforts

Automating marketing activities, such as email campaigns and social media management, can lead to improved marketing performance. A study by Ascend2 found that 63% of companies using marketing automation experienced higher revenue growth than those not using automation.

Lower Operating Costs

Automation can reduce labor costs by eliminating manual, time-consuming tasks. According to Deloitte research, automation can save companies up to 60% in labor costs while increasing productivity.

Better Decision Making with Data Analytics

Automated data analytics tools can help your multifamily company make data-driven decisions. A survey by NewVantage Partners revealed that 91% of companies with data-driven decision-making processes achieved significant business advantages, such as increased productivity, reduced costs, and enhanced innovation.

Automation offers numerous benefits to multifamily companies, from increased operational efficiency and improved resident experience to streamlined maintenance management and optimized marketing efforts. By harnessing the power of automation, you can boost productivity.

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