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Avenue Group Real Estate

Avenue Group Real Estate

Overview

Accounting System

Door Count

Address

The Problem

Before adopting Property Meld, AG Management struggled with an inefficient maintenance process in another platform. They were heavily reliant on manual methods, such as texting vendors and using notepads for follow-ups. These methods often led to miscommunications, delays, and missed tasks, resulting in a lack of transparency and oversight. As a result, the company faced challenges with tracking maintenance progress and ensuring timely repairs.

“So many things would just fall through the cracks… there’s only so much a human can remember on their own,” said Jay Yorke, Operations Manager.

Enter Property Meld

After briefly trying another platform, AG Management decided to try Property Meld, recognizing its ability to centralize maintenance communication, documentation, and follow-ups. The onboarding process helped them transition smoothly into using Property Meld’s features, including:

– Centralized work order management

– Clear timelines for task creation, acceptance, and completion

– Direct billing through the platform

– Enhanced tracking of vendor performance and repair completion times

The Results

Since fully integrating Property Meld into their operations, AG Management has experienced notable improvements:

– 44.6% Increase in Vendor Health Score: By hiring a virtual assistant (VA) to handle vendor scheduling and follow-ups, they saw a substantial improvement in their Vendor Health Score. This increase is attributed to better oversight of vendor performance and ensuring prompt responses to work orders.

– 35% Improvement in Repair Speeds: The combination of internal maintenance staff and VA support has significantly reduced repair times. A new project coordinator role has also helped in monitoring projects and addressing bottlenecks.

– 20.3% Faster Vendor Scheduling: With better communication and follow-up processes, vendors are now scheduling repairs more quickly, resulting in improved overall maintenance efficiency.

AG Management has also shifted its strategy toward handling more repairs internally. With four in-house technicians, they are now completing about 60-65% of their daily maintenance work internally. This shift not only offers more control over scheduling but also brings financial benefits by keeping more revenue in-house.

“Having your internal guys, it’s a lot easier to change their schedule around than it is for an outside vendor. It keeps the money in-house rather than paying it out to outside vendors.” said Yorke.

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