Powered by MOMENTUM MEDIA
realestatebusiness logo

Breaking news and updates daily. Subscribe to our Newsletter!

Home of the REB Top 100 Agents
Breaking news and updates daily. Subscribe to our newsletter

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Proptech firm attracts one-millionth customer

By Cameron Micallef
04 September 2020 | 1 minute read
Proptech firm attracts one-millionth customer

An Australian proptech company has secured its one-millionth property this week as more real estate agents adopt its platform.

In a statement, PropertyMe highlighted how it is continuing to add value to property managers, with approximately 1 million out of 2.3 million rental properties in Australia now using the platform.

Lisa Pentland, director of customer success, highlighted the company’s success so far in the market.

Advertisement
Advertisement

“It is an exciting achievement and means our software is now assisting real estate agents process over $1 billion monthly in rental payments,” Ms Pentland said.

Ms Pentland pointed out that PropertyMe is succeeding despite tough economic times.

“Despite the challenges of the coronavirus pandemic, we have experienced strong ongoing growth as agents and investors have sought new ways to interact with their customers and manage their rental property portfolios remotely.”

Highlighting the growth of the business in recent times, Ms Pentland said the PropertyMe platform was now facilitating in excess of 4.1 million conversations, 1.5 million maintenance jobs and 1.1 million inspections annually.

Ms Pentland believes the PropertyMe software is growing its market share due to being intuitive and easy to learn compared with other systems. 

“With legacy software, there are many inaccuracies in reporting due to obsolete and redundant data,” she said. “In fact, it’s virtually impossible to track active properties under management or know whether a property manager is still using the software. 

“Our proposition is strong: what used to take hours to complete on a server-based system can now be done in minutes with automated workflows.” 

“Some of our customers have saved up to 120 hours a month across their agency operation, allowing them to focus on more important matters like nurturing relationships and growing their rent roll.”

The company has outlined, due to its success in Australia, it is looking to expand its business into the United States market.

“Our technology is world-leading and we are now considering launching into key overseas markets, including the US,” Ms Pentland said.

Proptech firm attracts one-millionth customer
RayWhite Lane Cove property reb
lawyersweekly logo

ABOUT THE AUTHOR


Rankings
rankings
JUST RELEASED
May 09, 2022

REB Top 50 Women in Real Estate 2022

REB is thrilled to present the Top 50 Women in Real Estate 2022 ranking, which sets t ... LEARN MORE

rankings
JUST RELEASED
May 04, 2022

REB Top 100 Agents 2022

Now in its second decade, the REB Top 100 Agents 2022 rankings are the most revered s ... LEARN MORE

rankings
JUST RELEASED
May 02, 2022

REB Top 50 Agents NSW 2022

Even a pandemic has not put the brakes on the unstoppable property market in NSW, whi ... LEARN MORE

rankings
JUST RELEASED
April 27, 2022

REB Top 50 Agents VIC 2022

The COVID-19 crisis has not deterred the property market in Victoria, which has been ... LEARN MORE

rankings
JUST RELEASED
April 25, 2022

REB Top 50 Agents QLD 2022

As the property market continues to roar in Brisbane and Queensland, the REB Top 50 A ... LEARN MORE

Coming up

rankings rankings
Do you have an industry update?

top suburbs

12 month growth
Mirador
103.33%
Bawley Point
98.13%
Walla Walla
90.7%
Byron Bay
86.67%
Kiama Heights
85.93%
Greta
84.14%
Nulkaba
81%
South Hobart
78.78%
Diddillibah
76.25%
Lennox Head
73.98%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.