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Real Estate

Achieve your goals, surpass your targets and unlocking ROI this year by automating your property management functions.

The essence of a successful property management portfolio lies in its ability to be as efficient as possible, which offer a competitive edge in a fiercely competitive real estate landscape. Automation can streamline a range of property management tasks like rent management, vendor management, maintenance, vacancy, and accounts payable, leading to improved accuracy, productivity, efficiency, and service delivery speed. It also minimizes errors and costs while enhancing the flow of information, enabling more informed decision-making, and reducing the workload for property managers.

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automating processes in a checklist

Work just became less work.

How much time and money is lost in residential property management during the application process along, including credit and background checks, insurance checks or other essential core business functions? Smart bots step in to lighten the load of these and other administrative tasks – but what's more, is that they do it faster than a human and entirely without error. And it’s not just automation within a single app. or software like Yardi, Buildium, or AppFolio — we can replicate your entire end-to-end processes.

use cases

These companies have
already seen the benefits of automation

Healthcare

Ally Pediatric

Ally Pediatric Accomplished a 90% Reduction in Their Invoice Processing Time

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Healthcare

Butterfly Effects

Butterfly Effects Experienced an Astounding 235% Return On Investment

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Recruiting

Flux Resources

Flux Resources Freed Up 400 Hours Using the Advantages of Process Automation

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all case studies

Thoughtful is ready to automate your Real Estate processes.

AF

Appliance & Fixture Tracking

This bot can provide several advantages for reviewing and scheduling upcoming maintenance and replacements. One benefit is that it can automate the process of identifying and scheduling maintenance tasks, reducing the workload for property managers. Additionally, the bot can also allow tenants and property managers to easily view and schedule maintenance tasks online, saving time for both the tenant and the property manager. The bot can also provide a record of all maintenance tasks, making it easy for the property manager to keep track of what needs to be done, and when. Overall, a smart bot can streamline the process of maintenance and replacements and make it more efficient for both tenants and property managers.

real estate; property management; yardi; mri software; appfolio; buildium; onsite; entrata; resman; realpage one site; rent manager

Appliance,Fixture

BP

Batch Payment Reconciliation

Each month, this bot reviews all bank deposits and reconciles to individual payments. Automating the bank deposit and payment matching process provides several benefits, including increased accuracy and efficiency, real-time data access and insights, streamlined reconciliation, saved time and resources, and centralized information storage. The automation reduces manual labor, minimizes the risk of human error, allows for better monitoring and management of bank deposits and payments, simplifies the detection of discrepancies, frees up staff for other tasks, and centralizes all information, making it easily accessible and usable. In conclusion, automating the bank deposit and payment matching process improves financial management's efficiency, accuracy, and security.

real estate; property management; yardi; mri software; appfolio; buildium; onsite; entrata; resman; realpage one site; rent manager; surepayroll; rippling

Batch Payments

CR

CAM Reconciliation

A smart bot, such as the one offered by Thoughtful, can provide several advantages for reconciling each tenant's CAM charges. One benefit is that it can automate the process of calculating and distributing CAM charges to tenants, reducing the workload for property managers. Additionally, the bot can also allow tenants to easily view and pay their CAM charges through an online portal, saving time for both the tenant and the property manager. The bot can also provide a record of all CAM charges and payments, making it easy for the property manager to keep track of who has and has not paid their CAM charges. Overall, a smart bot can streamline the process of CAM charge reconciliation and make it more efficient for both tenants and property managers. Additionally, it can also provide a more accurate and transparent billing process as it can track the usage of common area and assign charges accordingly.

real estate,property management,yardi voyager,yardi breeze,mri software,appfolio,buildium,onsite,entrata,resman,realpage one site,rent manager

CAM, CAM Reconciliation

CI

Certificate of Insurance Tracking

Thoughtful is a valuable tool for automating the management of the collection, receipt, and documentation of vendor certificates of insurance for property managers. With Thoughtful, property managers can easily collect and store vendor certificates of insurance electronically, eliminating the need for paper-based processes and manual data entry. This streamlines the process and saves time, making it easier for property managers to stay organized and on top of their vendor information. Thoughtful also provides real-time tracking and notifications, so property managers can quickly see the status of each certificate of insurance and follow up as needed. This helps to ensure that all credentials are received and processed promptly, reducing the risk of missing essential insurance deadlines. In addition, all vendor certificates of insurance are stored securely in the Thoughtful platform, ensuring that sensitive information is protected and accessible only to authorized personnel. Overall, Thoughtful provides a reliable and secure solution for automating the management of vendor certificates of insurance, saving time, and reducing risk for property managers.

real estate; property management; yardi; mri software; appfolio; buildium; onsite; entrata; resman; realpage one site; rent manager

Certificate of Insurance

EM

Energy Management

Automating energy management and optimization with Thoughtful can bring a range of advantages to a building, facility, or industrial organization. The software can streamline the process of monitoring and managing energy consumption, reducing the need for manual data entry and minimizing the risk of errors. It can also help track energy usage, monitor energy performance, and manage energy systems, making it easier to identify trends and make data-driven decisions. Additionally, by automating the energy management and optimization process, Thoughtful can help organizations become more efficient and organized, making it easier to find and retrieve energy information when needed. With Thoughtful, organizations can also optimize their operations by using real-time data to plan and schedule tasks, improve efficiency, and reduce costs. The software can also help organizations to ensure compliance with industry standards, improve energy collaboration and communication, and help to improve the energy efficiency and sustainability of the operations.

manufacturing; real estate; government; operational efficiency; any cloud software

HB

HOA Board Members Reports

Thoughtful's automation technologies offer several advantages for automating financial reports and distributing them to each Board Member. Automating this process allows financial statements to be generated and spread more quickly and accurately. The software eliminates the need for manual data entry, reducing the risk of errors and improving accuracy. Additionally, Thoughtful's technology provides a centralized platform for all financial reports, making it easier for Board Members to access and review historical data. Automation also reduces the time required to manually prepare and distribute information, freeing up staff time for other essential tasks. Furthermore, Thoughtful's automation technologies ensure compliance with all relevant laws and regulations, providing peace of mind for Board Members and financial staff. By using Thoughtful's automation technologies, companies can improve their financial reporting process, increase efficiency, and provide a better experience for their Board Members.

real estate; property management; yardi; mri software; appfolio; buildium; onsite; entrata; resman; realpage one site; rent manager; microsoft outlook

HOA, Association, Homeowner's Association

IT

Inspection Tracking

Thoughtful's bots, can provide several advantages for reviewing and scheduling upcoming inspections. One benefit is that it can automate the process of identifying and scheduling inspections, reducing the workload for property managers. Additionally, the bot can also allow tenants and property managers to easily view and schedule inspections online, saving time for both the tenant and the property manager. The bot can also provide a record of all inspections, making it easy for the property manager to keep track of what needs to be done, and when. Overall, a smart bot can streamline the process of inspections and make it more efficient for both tenants and property managers. Additionally, it can also provide a more proactive and preventive maintenance process, by analyzing data and predicting future inspection needs. Moreover, it can also send automatic notifications to tenants about upcoming inspections and remind them to prepare the property accordingly.

real estate; property management; yardi; mri software; appfolio; buildium; onsite; entrata; resman; realpage one site; rent manager

Inspection

IF

Investor Flip Reporting

Automating the production and distribution of an investor/owner flip report can provide numerous advantages for real estate companies. Real estate companies can save time and reduce the risk of errors by automating the process. The system can automatically gather and analyze data, freeing staff time to focus on more complex tasks. The reports can be customized and generated regularly, ensuring that investors and owners are kept up-to-date on the progress of their investments. The automation process also ensures that the reports are consistent in format and presentation, helping to maintain a professional image for the company. Additionally, automating the process can increase the speed and accuracy of reporting, leading to faster and more informed decision-making for investors and owners. This, in turn, can lead to increased investor confidence, which can drive growth and success for the company.

real estate; property management; yardi; mri software; appfolio; buildium; onsite; entrata; resman; realpage one site; rent manager

FLIP

IW

Investor WIP Reporting

Automating the preparation and distribution of property work-in-progress (WIP) reports with Thoughtful’s automation technologies offers several benefits for property management companies. First, the automation process ensures that reports are generated quickly and accurately, saving staff time, and reducing the risk of errors. The consistent format and presentation of the information can help maintain a professional image for the company and allow for better progress tracking over time. Furthermore, the automation process can be configured to include only the relevant information, reducing the time required for review and allowing quicker decision-making. The ability to quickly and easily access up-to-date information can help identify potential issues early on and reduce the risk of delays. Additionally, automating the WIP report process can improve communication between team members and stakeholders, enabling them to make more informed decisions and work together more efficiently. By automating the preparation and distribution of the property WIP report, Thoughtful can help property management companies to operate more efficiently and effectively.

real estate; property management; yardi; mri software; appfolio; buildium; onsite; entrata; resman; realpage one site; rent manager

WIP

These are just some of the systems our bots work with...

Rent Manager

ResMan

OnSite

RealPage One-Site

Yardi

Entrata

MRI Software

Buildium

AppFolio

And more! Search your application on our use cases page!

Learn how much Thoughtful's bots can impact your business.

An expert can help you understand the ROI and time-to-value we can offer.

Get a Demo

Check out our blog

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Top 5 RPA Bots for Property Management in 2023 That Save Time and Money

RPA mimics how humans interact with computers and it's proving invaluable to the property management and wider real estate sector today. With this in mind, let's dive into why and how RPA is disrupting one of the world's oldest industries.

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Businesses around the globe are using RPA. From large enterprises to mid-sized organizations, and even small businesses, RPA can automate processes and make the unpleasant experiences of working with computers and software pleasurable again.

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