The decisions you make are only as good as the data and insights you have available to make them. For decades, senior executives lacked the necessary transparency and information to effectively manage and control the risk associated with delinquent rent payments.
Senior operating executives use ClickNotices’ Automated Delinquency Management Platform to:
The life of a multifamily regional manager can be quite hectic. With a myriad of issues to monitor and address, it’s virtually impossible to make sure that everything is done effectively. Unfortunately for many, delinquency management can often be overlooked until it becomes a problem and crisis.
Regional operating managers use ClickNotices’ Automated Delinquency Management Platform to:
Site managers and personnel are constantly juggling tasks and responsibilities. The ClickNotices’ Automated Delinquency Management Platform gives them more control and frees up their time to focus on the responsibilities that are most important.
Site managers benefit from:
The majority of factors that contribute to the profit and value of a portfolio of multifamily assets lay outside of the control of investors or operators. For example, core demand for apartments is structural and can’t be created. Rents are highly dependent on geography, property type and competition.
This makes it essential that the operations supporting the properties are excellent if you’re looking to earn a premium return on your investments. This need has led to several strong innovations in multifamily, like revenue management and smarter use of technology to support marketing and property management. There is one place, however, where the vast majority of multifamily operations still use an old, manual system to manage - and that’s delinquency management.
Delinquency rates of 10 - 30% are not uncommon for B/C properties. Managing the process effectively is crucial to effective operations. Owners and investors use ClickNotices’ Automated Delinquency Management Platform to: