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.

Managed App now shares revenue with agencies

By Staff Reporter
20 April 2021 | 1 minute read
Thom Richards

Rental market payments pioneer Managed App has today launched a new pricing model that allows agency customers to enjoy a share of the referral fees generated from tradespeople and the broader marketplace.

Thom Richards, director of Managed App, said the latest development puts money directly back into real estate businesses.

“Managed App developed this new solution after seeing agency fees continually being squeezed. Our new revenue share offering delivers agencies a new line of income without charging property owners,” he said.

“This is a fantastic outcome for everybody: tradespeople are winning more work, agencies are earning additional revenue and property owners are getting better deals on their maintenance and repairs work.”

Advertisement
Advertisement

Managed App is committed to supporting the growth of Australia’s agencies.

Through the automation of payments, the company has already been able to substantially reduce costs for agency customers.

With its revenue share capability, the payments pioneer now provides additional income to agencies across Australia with the launch of revenue share.

Today’s announcement marks another milestone for the property management app, which has won the hearts and minds of the real estate sector for its ambitious vision of modernising antiquated processes within the property management sector.

In February 2020, Managed App launched its fully native, in-app tradie marketplace for agencies to connect with thousands of tradies.

Mr Richards said it is important that agencies can generate revenue without charging property owners additional fees.

“Property owners via their agencies bring consistent and valuable work to tradespeople,” he said. “Owners deserve competitive prices and agencies deserve to be compensated, too, for the important work they undertake linking tradespeople with property investors to support repairs and maintenance — as well as add value to their assets.”

Managed App’s unique payment infrastructure will also play a distinctive role in attracting tradespeople to the platform.

Managed App is built on the NPP (New Payments Platform), which means its users, including tradies and agencies, enjoy real-time payments — which is critical for underpinning cash flow.

Since inception, Managed App has processed over $500 million in transactions.

“For those agencies looking to make the switch, Managed App will make revenue share payments at the end of each month via the NPP,” Mr Richards concluded.

Managed App now shares revenue with agencies
Thom Richards reb
lawyersweekly logo
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.