Proven in the UK and
Germany
With over a million units on board, Plentific’s end-to-end real estate solution accelerates renovations, conversions and tenant satisfaction, resulting in higher net operating income for owners
NEW YORK
,
June 7, 2023
/PRNewswire/ — Plentific – the robust, fully integrated, real-time property operating system, helping property owners across the UK
Germany
Streamlining repairs while reducing home handover times – launches its innovative platform in America this week. Plentific provides property owners and managers with a real-time, one-stop solution for executing all aspects of multifamily operations – including tracking, execution, inspection and billing for all repairs and modernizations. Plentific is already integrated with leading American industry software such as Yardi and is now implementing its efficient tool with its first US customers.
Named “Fastest Growing Prop-Tech Company” in the UK
Germany
According to the Financial Times in 2023, Plentific was acquired by leading real estate owners and managers including Knight Frank, Corigin, Charney and Murray. The company has over a million multifamily properties on its platform in the UK
Germany
. UK landlords using the platform have reported a 54 per cent reduction in maintenance times and a 3.5 per cent increase in rental income per year.
Plentific eliminates compatibility issues that exist with many other property management options and integrates with existing property management technology platforms to manage everything from work orders and inspections to billing and tenant communications. Its unique marketplace offers an extensive selection of Plentific verified plumbers, electricians and other service providers available to owners to expand their supply chains. The easy-to-use, fully customizable dashboard allows users to make real-time decisions, simplifying the process of hiring and paying contractors for repairs, conducting inspections, and resolving issues as they arise. Results include happier tenants, faster turnaround times, and higher net operating income (NOI).
“Plentific’s connected platform helps real estate managers tackle the three biggest real estate challenges simultaneously: improving net operating income, perfecting the customer experience, and meeting regulatory and governance requirements,” said Plentific co-founder and CEO
Cem Savas
. “Our real-time solutions are proven to reduce handover times for multi-family clients, thereby improving NOI and CX while keeping decision-makers informed with real-time data on KPIs.”
Early adopters of the breakthrough technology include Income Property Specialists (IPS), a long-standing outside real estate management firm in the San Francisco Bay Area. Plentific is currently implementing its platform in all IPS managed entities.
“Since I started in real estate over 40 years ago, many technologies have emerged that have helped us operate more efficiently and increase NOI for our clients,” he said
Robert Salwasser
, President of IPS. “Yet, until now, there have still been gaps in how we view and manage operations across our organization. Plentific is solving an industry-wide problem, and IPS is proud to be at the forefront of the industry’s technology transformation.”
Plentific’s platform seamlessly integrates existing in-house maintenance staff and contractors with a marketplace of pre-qualified, local contractors that Plentific continually nurtures based on job satisfaction ratings. With just a few clicks, managers can place a job with new and existing contractors, compare bids and schedule jobs. Once jobs are completed, inspections, additional compliance requirements and even invoicing are integrated into a single platform.
Plentific solves one of the industry’s biggest challenges by reducing the gap between a tenant moving out and a new tenant moving in. The fully integrated platform ensures no time or money is wasted by automating the process of tendering repair and cleanup work, selecting and scheduling service providers, conducting inspections, meeting compliance requirements and processing payments.
About Plentif
Plentific is a real-time property operations platform that is fully integrated and customizable with existing applications to provide property owners and property managers with a one-stop solution for all their property operations needs. The end-to-end solution seamlessly connects owners, operators, service providers and tenants on a single platform, making operations easier, faster and more efficient. Plentific was recently recognized with Property Tech of the Year, Best Application of Tech – Public Sector, and Tech Company of the Year awards from the Global Business Tech Awards.
By working with clients to streamline operations, unlock revenue, improve tenant satisfaction and comply with regulations, Plentific empowers clients with data-driven insights that inspire action. With its growing network of over 1 million properties and 20,000 service providers worldwide, Plentific is dedicated to building stronger communities where people can thrive.
Media contacts:
Lindsay Church
/
Eric Nizguretsky
/
Rick Van Warner
:
Great Ink – 360047@email4pr.com; 212-741-2977
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SOURCE Plenific
