TIME SAVED BY AUTOMATION
How much time can real estate teams save by automating invoicing and payment follow-ups?
The study reports a reduction in rent-collection time among property managers using comprehensive automation systems.
KEY NUMBERS
The research reports one number, not a low and high. When more sources agree, this becomes a range.
What was measured
Reported reduction in rent collection time.
“42.1% reduction in rent collection time specifically”
What automating it usually looks like
Invoices are drafted from the job, booking or order that already holds the details, sent on a set day, and matched against payments as they land. Reminders go out on a schedule, and anything unusual comes back to a person before it's sent.
Sources
| FIGURE | VALUE | SOURCE | TYPE | REGION | YEAR |
|---|---|---|---|---|---|
| Reported reduction in rent collection time | 42.1% | DoorLoop The Property Manager’s Guide to Getting Time (and Sanity) Back | Vendor | US | 2024 |
Your team isn't the average
Put in your own hours and costs, and see what this research would mean for your team.
METHOD AND DISCLOSURES
Every figure is copied word for word from a published source, then checked against the live page and reviewed by me before it appears here. Only studies, government statistics, research firms and software companies' own research are accepted.
A software company's research can favour its own product. Figures marked Vendor come from that kind of source, so read them as an indication, not a promise.
Calculated numbers use only the figures above. Your own result depends on how your team works today, which is what a short call pins down.