As a real estate agent, you are well aware of the challenges that come with leasing properties. It can be a time-consuming, and often stressful process. Drafting agreements, negotiating terms and obtaining signatures can take up a significant amount of your time and energy. But, what if we told you there was a solution that could simplify and streamline the entire process, making it more efficient and less cumbersome for you and your clients?
That solution is online lease agreements.
Online lease agreements offer a range of benefits that can greatly enhance the leasing process and benefit your real estate agency. Here are five ways in which integrating online lease agreements into your real estate business can help:
Convenience and Efficiency
The digital age has revolutionised the way we conduct business, and the real estate industry is no exception. Gone are the days of scheduling in-person meetings with clients to sign lease agreements. The emergence of online lease agreements has simplified the entire process, making it easier for property managers and landlords to manage their properties.
With online lease agreements, you can draft, review, and execute leases all from the comfort of your own computer. This means you can work more efficiently, save time, and focus on other important aspects of your business. No more waiting around for clients to come into the office or scrambling to find a time that works for both parties. The convenience factor of online lease agreements is unparalleled, with the process becoming faster for everyone involved.
Increased Security
Storing paper documents in filing cabinets or boxes has also become a thing of yesteryear, with online lease agreements paving the way for more space savvy offices, and increased security too.
Online lease agreements are typically stored securely in the cloud and require authentication to access. This means they are less susceptible to theft, damage, or loss than paper documents.
Additionally, electronic signatures are often used to verify the identities of signatories, which helps prevent fraud. With online lease agreements, you can be sure that your documents are safe and secure, plus you get a little more office space back too.
Improved Collaboration
Collaboration is key when it comes to leasing properties. With online lease agreements, you can share and edit documents collaboratively between multiple parties, including agents, landlords, tenants, and attorneys. This streamlines the lease negotiation process and makes it easier to resolve disputes or make changes.
No more back-and-forth emails or phone calls trying to get everyone on the same page. With online lease agreements, everyone can work together, seamlessly.
Cost Savings
What company doesn’t want to save a penny or two? With online lease agreements, real estate agencies can forgo the growing expense of printing and shipping paper documents.
And the savings don’t stop there.
Utilising this tool through a good online customer relationship management (CRM) platform, can take your cost savings a step further. Many CRM platforms for agents also offer competitive pricing plans, which can help reduce the overall cost of all your leasing transactions.
So, not only do online lease agreements offer more convenience and security, they can also save your business more money in the long run.
Accuracy and Compliance
Ensuring that lease agreements in the real estate industry are accurate and comply with legal requirements is paramount. However, keeping up with the constantly evolving legal landscape and maintaining a high level of accuracy can be a daunting task for property managers and landlords.
Thankfully, some online platforms and CRMs have simplified the process by providing templates and prompts to guide users through the lease drafting process. These tools ensure that lease agreements are accurate and comply with state and federal laws, thereby reducing the risk of legal issues down the line.
The use of online resources and CRM tools streamline the documentation process, making it more efficient, cost-effective, and time-saving. Ultimately, these measures increase the convenience and ease of the leasing process for all parties involved, while ensuring that legal compliance remains a top priority.
Feature Of The Week: Online Lease Agreements
If you're ready to tick all the above boxes and take your real estate business to the next level, MantisProperty's CRM solution is the perfect tool for you. In addition to online lease agreement functionalities, MantisProperty's suite of property management tools makes it easy to manage your entire portfolio, from one central location.
With features like online tenancy applications, maintenance tracking, and marketing automation, MantisProperty's CRM is aptly designed to help real estate agents like you, save time and increase efficiency.
If you're ready to streamline your leasing process and buy back more of your valuable time, check out MantisProperty's solution here: https://www.mantisproperty.com.au/propertymanagement.aspx