A new partnership between the property management platform and a cash flow solution provider will enable investors to access funds for costs associated with managing their investments.
After a considerable review process, Managed App is pairing up with Possibl on the new platform feature, which will see property investors empowered to access funds for costs associated with the management of their properties, such as unexpected maintenance or repair work, as well as any improvements to aid in satisfying tenant demand.
Managed App chief executive Nick Bouris said that the business had been seeing so many borrowing opportunities on the platform, leading them to collaborate with the fully regulated lender on “accessible and affordable short-term finance facilities”.
Sharing that the new feature is “that easy” for investors to use, he explained that owners could check their incoming cash flow against outgoing repayment schedules, draw down and repay funds all through the platform.
“With the recent increase in our customer base, this partnership was just too hard to ignore,” Mr Bouris said.
Possibl chief commercial officer Sam Gobran has expressed that the cash flow solution provider is also “very excited about this partnership”, adding that working with the property management platform “makes a lot of sense”.
“We were naturally drawn to the Managed App offering which now has 58,000 users including 18,500 owners, 23,000 tenants, and 5,500 tradespeople,” he continued.
“More importantly, we both share a common vision around removing friction and delivering a superior experience for our customers.
“Not only do they have a product on the bleeding edge of technology but have rightly recognised how the rental market landscape is changing.
“We’re confident they will be around for a long time to come and that we can assist their significant customer base with their unique needs.”