Managed App, a pioneer in rental market payments and property management tech, has teamed up with digital forms innovator FLK It Over to arm agency customers with a powerful, new integration that streamlines the manual real estate forms process.
Agencies typically draft their own legal documents in accordance with state legislation, or subscribe to a service provider and download templates, to satisfy documentary requirements concerning leases and other property management processes.
Those forms are then marked up or completed offline and then stored as a PDF document, making version control a difficult challenge.
In digitising this process with a leading forms provider, Managed App can now deliver a seamless process for clients, and potentially save time and money, via one simple integration.
Managed App director Nick Bouris said the partnership with FLK It Over was a huge drawcard for the product and sets Managed App apart from competitors.
“There is a raft of complimentary digital products for Managed App, with third-party integration a key strategy for developing ecosystem-wide connectivity for our property managers and agencies,” he said.
“However, we’re very strategic in who we partner with, striking a balance between native capabilities on-app — such as our market-leading trade marketplace — and integrating those service providers that underpin non-core but essential components of our platform, such as our payment gateway partner, Assembly.
“In creating a solution for forms provision and integration, FLK It Over was a market leader that shared a common philosophy and attitude for supporting property managers.”
FLK It Over, a relative newcomer to the market, has experienced incredible adoption of its product since launching in 2018 and made headlines for completely digitising the paper-based process for real estate agencies.
FLK It Over founder and CEO Andrew Colagiuri said partnering with Managed gave reach and scale that would help support the ongoing growth and expansion of the forms provider.
“This was a fantastic opportunity for FLK It Over to integrate with Managed App considering there are mutual customers already using both products,” Mr Colagiuri said.
“While both products can work independently of each other, the experience is amplified through direct connectivity and integration — giving a better experience for the property manager and potentially speeding up the process for forms creation. This is a boon for tenants and landlords.
“The speedier process is the product of removing data duplication and input, and therefore far less human involvement and error.
“The product has expanded over the past few years where it is not only just a document signing tool; it now automates a lot of the repetitive activities and compliance requirements around the lease signing process and has built-in checks and reporting.
“We’ve also streamlined the agent’s client communication to ensure we deliver maximum efficiency to the property manager and agency.”
This latest product development via the FLK It Over integration reaffirms Managed App’s commitment to innovation and working with products and services with a shared vision for better real estate practices by leveraging technology.
Just last month, Managed App was recognised as a leading digital technology business across several key industries including real estate, accountancy, law, mortgages and wealth at The Australian Digital Technology Awards.
Mr Bouris said it was critical that Managed App integrated with best-of-breed products that represented a valuable proposition for property managers and agencies.
“We’ve been watching FLK It Over closely since its inception and have been impressed by their forms coverage, quality of legal drafting, ease of use and tech architecture,” he said.
“When it came time to pick an integrations partner for this area of property management, the choice was obvious.”
Mr Colagiuri echoed Mr Bouris’ sentiments on forging a partnership with Managed App, and the durability in a common outcome: empowering property managers to support better investor and tenant outcomes.
“Managed App is an exciting product that will become commonplace for agencies. It has been a pleasure working with their team and we look forward to expanding our association moving forward,” Mr Colagiuri said.
Managed App launched in late 2018 and has grown rapidly.
Over $650 million in transaction volumes have been processed via Managed App since inception, with the platform now processing more than 45,000 monthly transactions.
As well as providing an engine for rental property transactions and payments, the recently launched native tradie marketplace is also generating huge value for property managers focused on delivering better investor outcomes.
There are over 4,000 licensed and insured tradies on the platform, with plans to have tens of thousands connected and engaged over the coming years.