For self-factoring to succeed requires two things - one or more homeowners willing to take on the day-to-day management of the property, and a group of homeowners who are willing to work together for the benefit of the property.
A social network obviously can't eliminate all of the human elements that make groups prone to conflict, but it can certainly help minimise the opportunities for conflict by ensuring that everyone knows what's going on. The features of MyFactor also help by ensuring that the best decisions are made and that costs are minimised - something that everyone will be happy with.
If you are currently self-factoring, MyFactor can transform the way your property is managed. Some of the features you'll be able to make use of are described below:
Communication
MyFactor provides a number of features for communication including:
-
Message board
-
Email
-
Chat
-
Discussion groups
-
Text messaging
Finding a Tradesperson or Contractor
If you already have a list of possible contractors then you can use MyFactor to request quotes.
Job Management
The features provided for job management are simple to use and address questions such as:
-
Who's going to do the job?
-
What are the costs involved?
-
What's actually getting done?
-
Has the job started?
-
Has the job been completed?
A complete record of all repairs and associated costs is then available to all homeowners.