Stellar Agencies, in their latest report, found that top-performing agencies are ditching traditional trust accounts and using Managed, a cutting-edge platform, to manage their rent rolls more efficiently.
Managed offers a complete property management solution, and it’s clearly resonating with the best in the business. Four of REB’s top ten new property managers have adopted the platform.
Leveraging the Managed platform, #1 Property Centre, Tomoro Real Estate, eResidential, Active Agents, and The Property Collab have achieved a combined 1,679 PUMs from scratch, demonstrating the power of managing properties without a traditional trust account.
According to the REB’s Stellar Agencies ranking, agencies utilizing Managed demonstrated superior profitability compared to those employing a trust account system.
With an efficiency score of 142.35 rental properties per manager, Managed agencies outperform those using trust accounting software, which only manages 119 properties per manager.
Managed simplifies rent roll management by eliminating trust accounting, along with the associated month-end procedures, errors, and reconciliation requirements.
As Rothith George, COO of Managed, puts it, working with agencies that are driving the future of the market and progressively capturing greater market share has been a thrilling experience.
Their partnerships span across both well-established Australian agencies and up-and-coming ones. By listening to every partner, they’ve successfully developed a platform that sets the standard in the market.
George observed that all property managers aim to maximize outcomes for tenants and landlords. With Managed’s secure and automated payment system, integrated into a comprehensive property management platform, agencies can concentrate on relationship management instead of routine tasks.
In George’s view, the trust account system in property management lacks a clear purpose and is difficult for tenants, landlords, and even property managers to comprehend.
