REA Group announces investment in Managed technology platform

REA Group has announced its investment in Managed, a technology platform created to empower real estate agencies by automating workflows, reporting, payments, invoices and dramatically reducing rental property administration.

REA Group Chief Customer Product Officer, Andrew Rechtman, said the announcement reinforced REA’s commitment to property management customers.

“By working with new software providers, such as Managed, we will increase operating efficiencies for property managers, helping streamline the number of systems required to complete their work,” Mr Rechtman said.

“In line with our investment with Managed, REA is committed to creating a healthy eco-system for the rental marketplace, including the rental experience on, property management tools such as 1form and our tenant verification process.”

Director of Managed, Nick Bouris, noted as a relatively young organisation, they were delighted to have an established technology leader, like REA Group, invest in their business.

“We look forward to leveraging the team’s experience and expertise to deliver increased value to our customers and consumers,” Mr Bouris said.

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