Among the vibrant tech-scape of Vancouver, Leasey is a budding platform using AI to give time back to property managers and landlords.
Leasey aspires to relieve the challenges of an overburdened property market, where supply struggles to meet surging demand, and labour shortages and staff turnover add further trouble. With a blend of automation and accessibility, the NVBC Competition finalist is aiming to disrupt the traditional property management realm.
Demand for rental homes has hit a zenith thanks to the lowest vacancy rates North America has witnessed since 1993 combined with a major increase of immigration. Traditional methods are left gasping, unable to fulfill ballooning demand.
Other factors such as labour shortages, staff turnover, and retiring baby-boomers are causing bottlenecks in the industry, leading to a backlog of prospective renters. Given the mounting pressure, property managers yearn for efficiency.
It is in this churning vortex of challenges that Leasey brings its platform to the fore.
Leasey acts as a digital right-hand of property managers, allowing them to fill tenancies with 70% less effort and in less time. The platform streamlines steps along the leasing process, liberating teams to concentrate on high-value tasks—and hopefully improving the tenant experience.
But how does it work? The Leasey platform offers a multifaceted service that incorporates property onboarding, listing promotion, lead pre-qualification, showing scheduling, tenant screening, and document handling.
For example, property onboarding compiles all necessary information into one accessible location. And with the click of a button, Leasey advertises your vacant property across all relevant marketplaces—even handling inquiries so that you don’t have to.
Gone are the days of the back-and-forth negotiation of showing times and fretting over no-shows, the startup promises. These and other tedious aspects such as document handling are also digitized and simplified, eliminating paperwork and signature-chasing.
Leasey claims to cut vacancy periods by 60% and can save up to 20 hours per listing—all while attracting three times more qualified leads.
The platform’s impact can be seen clearest in the experiences of its clients. In one case, a Vancouver-based property management firm was able to place tenants thrice as quickly, yielding an additional $22,000 in management fees annually. Another client, a Victoria-based multifamily operator, saved $24,000 per year by automating their rent-increase notices, according to Leasey.
Beyond these features, the BC firm also supplies advanced reporting tools and data visualization providing real-time insights and performance metrics. This toolkit enables property managers to make informed decisions.
In a world where one-third of property managers’ time is consumed by manual and repetitive tasks, Leasey offers a beacon of light toward better time and task management.
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