Plentific, the world’s leading real-time property solution, today announced the launch of its new Voids Management Solution.
Voids – the period in which a property is vacant between tenants – has a detrimental impact on families across the UK as they are forced to wait for extended periods before getting the keys to their new home.
In March 2021, People in Housing Need reported that UK local housing authorities shared a combined wait list of 1.19 million households.
The 2023 Goodlord Rental Index found that social housing lets were vacant for an average of 23 days in January this year, with some major voids lasting over 100 days.
Coupled with the demand for families needing a home skyrocketing, up 4% on 2019/20 figures as per Social Housing Lettings 20/21 report, the timeliness in which a property can be occupiable is a pressing issue.
Plentific’s end-to-end voids management solution demonstrates the power of a single platform approach.
Empowering users to configure templates, customise their voids procedures, leverage built-in inspections, find approved contractors and manage all ongoing voids through a single, real-time dashboard.
Key features of Plentific’s Voids Management Solution include:
- Real-time dashboard – Allowing platform users to prioritise due and overdue work and see a snapshot of all voids projects, work orders and tasks
- Customisable Voids templates – Time consuming voids procedures can be standardised through the use of templates and automation
- Conduct inspections in parallel – Inspections that form part of voids process can be integrated in parallel via Plentific’s Inspections app – saving overall time
- Turn findings into work orders – Inspection findings can be seamlessly turned into a work order, allowing issues to be quickly and efficiently resolved
- Find vetted contractors easily – Generated work orders can be actioned via the Plentific Marketplace, through an internal workforce or with appointed contractors
- Track and manage spending in real-time – Financial tracking to ensure voids projects are delivered within agreed budget
- Continuously optimise voids process – Actionable insights and reporting allows for continuous optimisation of voids management against completion time, financial performance and volume of voids
Cem Savas, CEO and co-founder of Plentific, said: “At Plentific, we are passionate about new innovations that have a real impact on communities across the globe.
“The introduction of our Voids Management Solution directly addresses a pressing challenge in the sector and enables us to improve the lives of tenants as they occupy their homes earlier than previously possible.”
Plentific’s Voids Management Solution means clients can harness the combined power of their existing contractors and Plentific’s marketplace of over 20,000 vetted service providers to expedite the voids process and shorten the time between tenancy agreements and lets.
Through a pilot of using Plentific’s new Voids Management Solution, leading UK landlords have seen up to a 54% reduction in void time maintenance and a 3.5% per annum increase in rental income.
Housing Digital Stakeholder Plentific’s end-to-end solution seamlessly connects owners, operators, service providers, and tenants on a single platform, making operations simpler, faster, and more efficient.
Image: oscar0/Shutterstock
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