Managed App is a property management platform that automates transactions and eliminates the need for trust accounts, allowing agencies to manage rental payments securely without manual reconciliations. This solution streamlines property management workflows, enhancing productivity and reducing operational costs for agencies across Australia.
Funding
$5.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional property management requires trust accounts to handle rental payments, leading to manual reconciliations, potential accounting errors, and administrative overhead for property management agencies. This system can be time-consuming, stressful, and costly, especially for agencies managing a large number of properties.
Solution
Managed App is a property management platform that automates rental transactions, eliminating the need for traditional trust accounts. The platform facilitates secure and transparent payments directly between tenants and landlords, removing the agency's direct handling of funds. By automating workflows and payment processes, Managed App streamlines daily tasks, reduces operational costs, and enhances productivity for property management agencies. The system offers features such as automated transactions, compliance tools, inspection scheduling, and a tradie marketplace, all accessible through a cloud-based platform.
Target Audience
The primary target audience includes property management agencies in Australia seeking to streamline operations, reduce administrative burdens, and eliminate the need for trust accounts. This includes both established agencies looking to improve efficiency and new agencies seeking a competitive advantage.
Features
- Automated rental payments directly from tenants to landlords, bypassing the need for a trust account
- Cloud-based platform accessible on any device, offering centralized data security
- Complete property management workflows, including scheduling inspections and maintenance
- Integration with forms and compliance tools to ensure regulatory adherence
- Tenant portal for easy and free rent payments via Fast Bank Transfer (OSKO) and BPAY
- Owner portal providing visibility into property performance and financial transactions
- Automated KYC (Know Your Customer) and Anti-Money Laundering (AML) checks
- Integration with Zai payment gateway for secure and compliant transactions