Rent management platform surges during lockdown
Around 32 per cent of rental properties in Australia are self-managed and the number is set to rise as technological advances and economic realities push and pull investors from real estate managers.
COVID-19 has provided the impetus for many property management functions to go online. Photo: Shutterstock (Image source: Shutterstock.com)
Around 32 per cent of rental properties in Australia are self-managed and the number is set to rise as technological advances and economic realities push and pull investors from real estate managers.
The financial strains caused by COVID-19 have driven a surge in rental management tools, such as Instarent.
Traditional ongoing management fees typically take up 7-8 per cent of collected rent but can be as low as 5 per cent or as high as 15-25 per…
