Software Guru Revolutionises Property Management Industry

NEW YORK, Sept. 9 /PRNewswire/ -- BlocNet  (http://www.blocnet.co.uk) brings  revolutionary high-tech solution to a UK property management industry that's  'stuck in the dark ages'.

When  software expert Bob Suvan suffered one too many times at the hands of his  inefficient and unresponsive property management company, it was his wife who  suggested he himself do something about it.

"My  wife was sick of me complaining about how our managing agents perpetually  ignored my calls and routinely failed to properly account for how our  significant monthly service fees were being spent," says Suvan. "When she  half-jokingly suggested I do something proactive about it, it got me thinking.  

"How  could I apply my considerable business knowledge and software expertise to an  industry that historically has been so resistant to change? Everyone seems to  complain about their managing agent, so how could I deconstruct the business  model and re-imagine it for the 21st century?"

The  resulting business was BlocNet, which launched last year and is already  beginning to ruffle the feathers of the well-established market incumbents.  BlocNet's adoption of cloud computing technologies has empowered it to overcome  the issues of transparency and efficiency that has dogged perceptions of the  industry for so long.

"Traditional  managing agents supply their clients with a bare minimum of information and  documentation relating to the management of their block," says Suvan. "As a  result, one of the most common complaints we hear relates to lack of  transparency about how the service charge is spent and – importantly – how much  of a mark-up the agent is making on each contractor's bill."  

The  use of a cloud-based web portal for every BlocNet-managed block means its  clients can view all documentation relating to their property, including  invoices paid to contractors, proving that BlocNet doesn't subscribe to the  industry's common practice of 'marking-up' bills.

The  portal makes the entire process significantly more efficient – clients can  easily log issues and questions relating to the management of their block  online, 24/7/365.

"These  technologies have been successfully applied to thousands of businesses in scores  of industries," says Suvan. "The property management industry has been  traditionally hostile to new ways of operating. For obvious reasons, the lack of  transparency is of commercial benefit to them.

"BlocNet  is a truly disruptive newcomer to the market. Our early success process there's  huge demand for a fresh approach. It's little wonder we're raising some eyebrows  amongst our competitors."

SOURCE BlocNet