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.”
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.