The HouseMonk

The HouseMonk helps real estate business market, sell manage their portfolio. The technology helps platform powers 100+ clients accoss 10+ countries and scaling rapidly.

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4 Ways Technology Is Transforming Rental Real Estate - TheHouseMonk

The next generation of rental real estate technology companies is taking a more expansive approach, dismantling existing systems that demand affordability, community, and flexibility https://thehousemonk.com/how-technology-is-transforming-rental-real-estate/

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Investing in Tenant Experiences by Student Housing Operators

Student housing operators/management companies need to rethink every aspect of their business and keep student or tenant expectations at the center of the ecosystem and rebuild every process.

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We are ready for remote work – But are we ready for remote salaries?

Over the past few months, all your engineers have been working remotely – many have gone back to their home towns, and many others have temporarily shifted residence to a scenic hill station nearby while a few have chosen to stay back in their rental apartment. While they are all productive and contributing as they need to, you realize that you may never have to go back to paying high office rents in San Francisco again! Wohoo! https://thehousemonk.com/remote-work-remote-salaries/

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Property Managers: How To Grow Your Rental Portfolio

1. Start with your base – Focus on referrals 2. Social media – Focus content on landlords, and not tenants 3. Strategic partnerships to grow your Rental Portfolio 4. Going B2B and managing properties for institutional investors 5. Managing other asset classes within Real Estate 6. Growing your rental portfolios across geographies 7.Managing your expanding rental portfolio with efficiency Read In Detail - https://thehousemonk.com/how-to-grow-your-rental-portfolio/

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The Instagram Approach To Real Estate Valuation

Instagram is one of the most popular apps, and we are going to look at 3 core metrics which are vital to understanding how the photo-sharing app is valued, and how the same maybe translated to real estate as well.

Daily active users (DAU): For Instagram, how many users sign back into the app daily is an extremely important metric which helps them identify stickiness of the product. In the real estate world, such a metric would make sense to value a coworking space or an office. How many members/employees come into the office every day? If the members are predominantly working from home and not using the office facilities (even if they pay for it), it would be a long term problem for the coworking company

Time spent in-app/day/user: Another important metric that Instagram would track is how much time does one spend inside the app, once they open it. It helps them understand whether the app adds great value to users – Otherwise, they won’t spend a lot of time inside it. The parallel to this can be derived in the world of Hotels and Hospitality. Do guests just check-in to your premise and leave for the entire day and only came back at night to sleep? Or do they spend time in your restaurants, massage parlour and lounge? The answer to this would help you understand if you are just a place to crash or whether your patrons like your full experience.

Wealth/income level of your users: Understand the disposable income and wealth of your users is a key to identify how much you can monetize them in the future. If you have power users from the US who earn $200,000 a year, you can make a lot of money from them compared to users from, say Africa, who may make only $10,000 a year.

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Will there ever be an Amazon for Real Estate?

Why isn’t there 1 single company that is able to do all 3 points mentioned above? By the looks of it, these are all portions of a deep value chain (‘Searching’ leads to ‘Transaction’ which eventually leads to help with ‘Property management’). The payday at the end of building such an end-to-end company would totally be worth it too – $5Trillion is the annual spend on real estate a year (Including rentals and sales), and $200Trillion is the total asset value of all real estate (Across the world). Read in Detail - https://thehousemonk.com/amazon-for-real-estate/

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Real Estate in Emerging Economies – Lack of Data

Reliable data is imperative for any industry to function, and real estate is no different. While gathering and constantly updating real estate data will be a challenge, the rewards will be well worth it. Many companies are working towards finding optimal solutions for this problem, and I really hope to see some impact in this direction over the next 5-10 years. Read In Detail - https://thehousemonk.com/lack-of-data-real-estate-in-emerging-economies/

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Selling PropTech in Emerging Economies

5 important points to keep in mind – 

1) Build mobile first solutions 2) Integrated solutions are better than niche apps 3) Features vs UX is not a debate. You need both 4) Relationships are extremely important 5) Subscription is better than licensing/1-time fee, transaction fee is better than subscription Read In detail - https://thehousemonk.com/selling-proptech-in-emerging-economies/

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we are ready for remote work – But are we ready for remote salaries?

Imagine being a high tech start up in San Francisco. You are likely paying $200,000 a year to your top engineers who have maybe 7 years of experience. Over the past few months, all your engineers have been working remotely – many have gone back to their home towns, and many others have temporarily shifted residence to a scenic hill station nearby while a few have chosen to stay back in their rental apartment. While they are all productive and contributing as they need to, you realize that you may never have to go back to paying high office rents in San Francisco again! Wohoo! Read More - https://thehousemonk.com/remote-work-remote-salaries/

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how does property management software benefit property managers

There are many benefits of utilising property management software to help you manage your rental properties – let’s take a closer look. 1.Managing rent payments 2.Property Inspections 3.Reduced Administration Work 4.Protecting Data 5.Analysing Data 6.Workload Management 7.Marketing Properties

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7 mistakes to avoid in property management

Read on to know about what are the property management mistakes which needs to be avoided: 1. Not appointing a Property Manager 2.Get Insurance for Your Properties 3. Not Doing the Property Inspection Properly 4. Doing house Repairs by yourself 5. Not Doing a Proper Screening of the Tenants 6. Not Having the Best Documents 7. Not Using a good Property Management Software

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5 Rental Property Marketing Strategies to Find Renters Quickly

Here, we offer five novel strategies to help attract new tenants to your property. 1. Offer Tenants Incentives for Referral 2. Get Acquainted with Property Management Software 3. Market Online 4. Take High-Quality Photos and Videos 5. Promote Your Property with Real Estate Agent

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Benefits of White-Labeling your Property Management Software

Here are four ways this type of software can benefit your business. 1. Increasing Brand Visibility 2. Seamless Experience for Clients 3. Remote Management of Properties 4. Save Time and Money

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How to Digitally Transform Your Tenant Journey?

Here are a few ways real-estate companies can provide compelling tenant experiences and meet their changing expectations. 1. Virtual Property Visits 2. Online Facility Booking 3. Seamless Digital Experience 4. Clear and Timely Communication 5. Streamlining Maintenance

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Importance of Technology in Rental Real Estate

here’s how technology advances in real estate management are transforming the business. 1. Provide a seamless digital experience 2. Boost flexibility through cloud technology 3. Streamline communication with tenants 4. Offload tasks through automation 5. Leverage better data and analytics

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5 Things You Need To Know About Coliving Properties as a Property Manager

This article will help you understand some of the most important things about coliving properties 1.First, it’s important to create a space that feels like home. This means creating common areas where residents can socialise and relax.. 2.Second, it’s important to create a community that feels safe and welcoming. This means having security measures in place and making sure that the property is well-maintained. 3.Third, it’s important to provide amenities that residents will love. This might include a gym, a rooftop deck, or even just a communal kitchen.  4.Get to know your residents: One of the most important things you can do as a property manager is to get to know your residents. This will help you understand their needs and concerns 5.Be organised: A second tip for property managers is to be organised. This means having a system in place for tracking residents’ information and concerns

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Why Should You Use Property Management Software?

An important aspect of property management Software is having the highest level of executive function. As a property manager, it is pertinent for you to be able to execute the tasks efficiently and on time. In today’s technologically advanced world, it might be a good idea to opt for an online property management software or an app that makes the list of tasks manageable, simplified and lives up to your client’s satisfaction. Here are some key pointers of why you need to use property management software as a manager.