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Last Updated on Thursday, 19 July 2012 11:54 |
and moving toward leasing homes.The U.S. has national real estate firms?such as RE/MAX, Century 21, Coldwell Banker and Keller Williams. But if you ask?someone about property management, they wouldn?t know a nationwide brand, let?alone be able to recommend a large property management firm.
The property management industry has traditionally been dominated by mom and
pop sized businesses simply due to the fact that the industry needed to have a physical
presence in local area markets to attend to showings and maintenance requests. Most
of these mom and pop property managers aren?t accountants, so the accounting aspect?for most small property management companies has been in shambles.
With the advent of modern software-as-aservice in accounting and the ease of communication globally, there is an opportunity for a?brand to emerge as the go-to property management firm. ??But there still lies the issue of a local presence that plagues any company when they?want to expand expediently. This is where the opportunity really lies for real estate firms like the ones previously mentioned. They have a local presence already established, as well as the manpower to handle the work. In reality, any real estate office is now?able to become a property management firm and offer the services that they are already?asked to provide, instead of referring their clients to someone else and possibly losing?touch. They can do this by plugging in a new operating system called RORS (Real Estate?Operating Rental System) to their current sales system. RORS handles the accounting?back office and all maintenance coordination while the agents do what they do best?market homes, show homes and then RENT homes within their real estate sales office.
Residential real estate offices have discovered that every renter is a potential buyer and every homeowner of rental property is a potential seller. With that in mind, real estate?offices are adding property management divisions.With the launching of this one-of-a kind?real estate operating rental system (RORS), every real estate office can now offer property management services without having to manage all of the difficult parts of property management. Just a few of the more difficult duties that are integrated into the RORS system are accounting, rent collections and disbursements, invoicing to all homeowners monthly, and most importantly, ALL of the maintenance headaches and follow up with owners and tenants. With this system, the only tasks the real estate brokers and agents have to do are the real estate functions they are currently doing; listing and showing homes. RORS keeps the brokers? and agents? current?clients under the same roof until they are ready to buy or sell their homes, generating?monthly income for real estate brokers and their agents within the office. This in-house?RORS system allows the residential real estate industry to provide a monthly salary or?incentive/benefit program (for lack of a better term) to their current agents without costing?the brokers? offices a dime.
This is a win-win opportunity for the real estate industry and it?is catching on like wildfire.
RORS is based in Golden, Colorado. RORS is currently available to Colorado Realtors. RORS will be launching their plug?in application nationwide to all real estate offices by the end of 2012. To learn more about RORS, call?303.988.5366?or emailinfo@homesirent.com.
Source: http://homesirent.com/new-money-for-all-real-estate-offices-agents/
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