Plentific, the fully integrated, real-time property operations system helping owners across the U.K. and Germany streamline repairs while reducing apartment turnover times, is launching its platform in the United States. Plentific offers property owners and managers a real-time, one-stop solution to execute every aspect of multifamily property operations, including tracking, executing, inspecting and invoicing for all repairs and upgrades. Plentific is already integrated with leading American industry software including Yardi and is now implementing its tool with its first U.S. customers.
Plentific has been adopted by property owners and managers including Knight Frank, Corigin, Charney and Murray. The company has more than one million units of multifamily housing on its platform in the U.K. and Germany. U.K. landlords using the platform have reported a 54% reduction in turn time maintenance and a 3.5% per annum increase in rental income, the company said.
Plentific integrates with existing property management technology platforms to manage operations from work orders and inspections through invoicing and tenant communications. Its marketplace offers a large selection of plumbers, electricians and other service contractors vetted by Plentific and available for owners to utilize to expand their supply chains. The fully customizable dashboard allows users to make real-time decisions, simplifying the process of hiring and paying contractors for repairs, completing inspections, and resolving issues that arise. Results include happier tenants, faster turn times, and increased net operating income (NOI).
“Plentific’s connected platform helps property managers to simultaneously address the three biggest challenges in real-estate: improving net operating income, perfecting customer experiences, and adhering to regulatory and governance requirements,” said Plentific Co-founder and CEO Cem Savas. “Our real-time solutions demonstrably reduce apartment turn times for multifamily clients, consequently improving NOI and CX while keeping decision makers informed with real-time data on KPIs.”
Plentific solves one of the industry’s greatest challenges by shortening the gap between when a tenant vacates a unit and when a new tenant moves in. The fully integrated platform ensures no time or money is wasted by automating the process of bidding repair and clean-up jobs out, selecting and scheduling service contractors, conducting inspections, fulfilling compliance requirements, and processing payments.
