{"id":2935,"date":"2023-06-30T17:16:26","date_gmt":"2023-06-30T14:16:26","guid":{"rendered":"https:\/\/www.rexera.com\/?post_type=blog&#038;p=2935"},"modified":"2024-02-20T21:25:01","modified_gmt":"2024-02-20T18:25:01","slug":"how-to-automate-hoa-documents-acquisition","status":"publish","type":"blog","link":"https:\/\/www.rexera.com\/blog\/how-to-automate-hoa-documents-acquisition\/","title":{"rendered":"How to [easily] Automate HOA Documents Acquisition in 2024"},"content":{"rendered":"\n<p>AI is currently a hot topic in the real estate industry. Everyone talks about how AI helps you automate processes, save time, and even get a free personal assistant. But no one talks about how automation can mess up your processes, bring chaos into your set-in-stone workflows, and even delay closings.<\/p>\n\n\n\n<p>Both scenarios are possible, but the world of AI is not black and white. There are many tools you can use to safely and effortlessly automate repetitive processes, such as HOA documents acquisition, and spend your valuable time on more important work.<\/p>\n\n\n\n<div class=\"wp-block-ht-block-toc is-style-rounded htoc htoc--position-wide toc-list-style-plain\" data-htoc-state=\"expanded\"><span class=\"htoc__title\"><span class=\"ht_toc_title\">Table of Contents<\/span><span class=\"htoc__toggle\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"16\"><g fill=\"#444\"><path d=\"M15 7H1c-.6 0-1 .4-1 1s.4 1 1 1h14c.6 0 1-.4 1-1s-.4-1-1-1z\"><\/path><path d=\"M15 1H1c-.6 0-1 .4-1 1s.4 1 1 1h14c.6 0 1-.4 1-1s-.4-1-1-1zM15 13H1c-.6 0-1 .4-1 1s.4 1 1 1h14c.6 0 1-.4 1-1s-.4-1-1-1z\"><\/path><\/g><\/svg><\/span><\/span><div class=\"htoc__itemswrap\"><ul class=\"ht_toc_list\"><li class=\"\"><a href=\"#htoc-benefits-of-automating-hoa-documents-acquisition\">Benefits of Automating HOA Documents Acquisition<\/a><ul class=\"ht_toc_child_list\"><li class=\"\"><a href=\"#htoc-increased-efficiency\">Increased efficiency<\/a><\/li><li class=\"\"><a href=\"#htoc-reduced-errors\">Reduced errors<\/a><\/li><li class=\"\"><a href=\"#htoc-improved-customer-experience\">Improved customer experience<\/a><\/li><\/ul><\/li><li class=\"\"><a href=\"#htoc-how-to-automate-hoa-documents-acquisition-stress-free\">How to Automate HOA Documents Acquisition, stress-free<\/a><ul class=\"ht_toc_child_list\"><li class=\"\"><a href=\"#htoc-automated-notifications-and-reminders\">Automated Notifications and Reminders<\/a><\/li><li class=\"\"><a href=\"#htoc-intelligent-data-extraction-tools\">Intelligent Data Extraction Tools<\/a><\/li><li class=\"\"><a href=\"#htoc-document-management-systems\">Document Management Systems<\/a><\/li><\/ul><\/li><li class=\"\"><a href=\"#htoc-is-it-worth-it\">Is it worth it?<\/a><\/li><\/ul><\/div><\/div>\n\n\n\n<h2 id=\"htoc-benefits-of-automating-hoa-documents-acquisition\"><strong>Benefits of Automating HOA Documents Acquisition<\/strong><\/h2>\n\n\n\n<p>Before we get into the details, let\u2019s see why it is a good idea to automate your HOA documents acquisition process.<\/p>\n\n\n\n<h3 id=\"htoc-increased-efficiency\"><strong>Increased efficiency<\/strong><\/h3>\n\n\n\n<p>The documents appear in your library automatically while you are focused on your work. You never forget to follow up with a client because you have automated reminders. It\u2019s a win-win and a huge time-saver.<\/p>\n\n\n\n<h3 id=\"htoc-reduced-errors\"><strong>Reduced errors<\/strong><\/h3>\n\n\n\n<p>You can forget about typos or adding the documents to the wrong file. The automated workflow does exactly what you tell it to do when you tell it. All files are organized and all numbers are correct.<a href=\"https:\/\/www.rexera.com\/blog\/automated-hoa-document-acquisition\/\" target=\"_blank\" rel=\"noreferrer noopener\"> <\/a><strong><a href=\"https:\/\/www.rexera.com\/blog\/automated-hoa-document-acquisition\/\" target=\"_blank\" rel=\"noreferrer noopener\">You have full control<\/a>.<\/strong><\/p>\n\n\n\n<h3 id=\"htoc-improved-customer-experience\"><strong>Improved customer experience<\/strong><\/h3>\n\n\n\n<p>Documents acquisition takes a lot of time. When you shorten this time in the closing process, you <a href=\"https:\/\/www.rexera.com\/blog\/scale-in-economic-downturn\/\" target=\"_blank\" rel=\"noreferrer noopener\">get a competitive edge <\/a>over your competitors. Clients like quick and easy. Don\u2019t we all?&nbsp;<\/p>\n\n\n\n<h2 id=\"htoc-how-to-automate-hoa-documents-acquisition-stress-free\"><strong>How to Automate HOA Documents Acquisition, stress-free<\/strong><\/h2>\n\n\n\n<p>There are countless ways you can automate your day-to-day manual processes. Here are a couple of easy and safe automation options that will help you get started.<\/p>\n\n\n\n<h3 id=\"htoc-automated-notifications-and-reminders\"><strong>Automated Notifications and Reminders<\/strong><\/h3>\n\n\n\n<p>Automation doesn\u2019t have to be AI taking over your documents acquisition process. It can be as simple as setting automated notifications for your processes. Think of it as cleaning up your brain space. You don\u2019t have to keep in mind all the little details.&nbsp;<\/p>\n\n\n\n<p>Received a reply from an HOA? An automatic reminder is set to respond in 2 hours, 2 days, or any time you choose. A deadline is approaching? You knew about it because a reminder was automatically set when the deal was created in the system. An HOA wanted more information on the Buyer? You have a reminder to call them in your calendar.<\/p>\n\n\n\n<p>A good example is <a href=\"https:\/\/www.qualia.com\/press-releases\/automated-workflows\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Qualia\u2019s Dynamic Workflows<\/strong><\/a>, a tool that helps you \u201ccreate smart tasks associated with contacts, transaction types, or actions on an order.\u201d It helps you assign tasks to individuals, roles, or groups, and use the power of automation to manage multiple workflows.<\/p>\n\n\n\n<p><a href=\"https:\/\/zapier.com\/blog\/automatically-send-reminders-on-a-schedule\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Zapier also provides automated reminders<\/strong><\/a> as one of its features. It is easy to set and they already got some presets available for setting quick automation.<\/p>\n\n\n\n<h3 id=\"htoc-intelligent-data-extraction-tools\"><strong>Intelligent Data Extraction Tools<\/strong><\/h3>\n\n\n\n<p>HOA documents contain <a href=\"https:\/\/www.rexera.com\/blog\/what-are-municipal-lien-searches\/\" target=\"_blank\" rel=\"noreferrer noopener\">critical information about the property<\/a>, which is hidden in hundreds of pages of legal language. This information needs to be extracted and organized, and you have probably done it manually many, many times.&nbsp;<\/p>\n\n\n\n<p>Using automation can significantly expedite this process. Most data extraction tools use advanced algorithms to scan and <a href=\"https:\/\/www.rexera.com\/blog\/find-errors-in-public-property-records\/\" target=\"_blank\" rel=\"noreferrer noopener\">extract relevant data<\/a> points, which might sound complicated but actually is very user-friendly. And it also saves you hours of manual data entry.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/aws.amazon.com\/textract\/\" target=\"_blank\" rel=\"noreferrer noopener\">Amazon Textract automatically extracts text, handwriting, and data<\/a> <\/strong>from scanned documents. The tool uses machine learning to expedite the process and extract the information in minutes. You scan the documents and get searchable copies in a couple of minutes.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.rexera.com\/products\/hoa-documents-acquisition\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>InspectHOA uses similar technology<\/strong><\/a> to extract important information from the HOA documents and summarize it for you. The machine learning algorithms can recognize text and turn it into searchable digital files. On top of that, InspectHOA takes care of your whole HOA documents acquisition process, finds the HOA, chases the documents, <a href=\"https:\/\/www.rexera.com\/blog\/condo-fees-vs-hoa-fees-the-difference\/\" target=\"_blank\" rel=\"noreferrer noopener\">pays the fees,<\/a> and delivers everything to you on time.<\/p>\n\n\n\n<h3 id=\"htoc-document-management-systems\"><strong>Document Management Systems<\/strong><\/h3>\n\n\n\n<p>Automation can easily extend to the post-acquisition phase as well. Document management systems streamline the storage, organization, and retrieval of HOA documents. These systems allow you to categorize and index acquired documents, making them easily accessible whenever you need them. This is maybe the easiest automation to implement, and the impact is huge!<\/p>\n\n\n\n<p><a href=\"https:\/\/www.docuxplorer.com\/blog\/document-management-software-for-real-estate-and-title-companies\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>DocuXplorer is a document management system<\/strong><\/a> that stores, secures, and protects your documents, and controls accessibility in or out of the office. You can easily track files and give permissions to certain documents to a particular person or group.&nbsp;<\/p>\n\n\n\n<p>An even easier version of this, although not tailored specifically to Title &amp; Escrow, is <a href=\"https:\/\/www.google.com\/drive\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Google Drive<\/strong><\/a> or <a href=\"https:\/\/www.microsoft.com\/en-us\/microsoft-365\/sharepoint\/collaboration\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Microsoft SharePoint<\/strong><\/a>. These platforms offer collaboration, sharing, custom access levels, advanced search functionalities, and so on. We use Google products as our internal DMS, and we are pretty happy with it.&nbsp;<\/p>\n\n\n\n<h2 id=\"htoc-is-it-worth-it\"><strong>Is it worth it?<\/strong><\/h2>\n\n\n\n<p>If you want to play it safe, we get it. Automation means big changes, adjustment of processes, and maybe some mix-ups along the way. No one wants to jeopardize an already working process. This is why we did not suggest any radical changes. All tools above are easy to implement, require minimal technical knowledge, and yield great results. Most importantly &#8211; they won\u2019t change your processes. They will assist you in optimizing them.<\/p>\n\n\n\n<p>The choice is yours. If you\u2019re not sure, reach out to us, and we will explain how we use AI to improve our documents acquisition services.&nbsp;<\/p>\n\n\n\r\n            <div class=\"wrapper\" style=\"text-align: center\">\r\n            <a href=\"https:\/\/www.rexera.com\/\" data-src=\"#order-form\" data-slug=\"order-form\" class=\"btn custom wow fadeIn\" data-wow-delay=\".6s\" data-fancybox>\r\n                Get a free HOA docs order            <\/a>\r\n        <\/div>\r\n    \r\n","protected":false},"excerpt":{"rendered":"<p>AI is currently a hot topic in the real estate industry. Everyone talks about how AI helps you automate processes, save time, and even get a free personal assistant. But no one talks about how automation can mess up your processes, bring chaos into your set-in-stone workflows, and even delay closings. Both scenarios are possible, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2941,"parent":0,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"content-type":"","_eb_attr":""},"blog-categories":[30],"acf":[],"_links":{"self":[{"href":"https:\/\/www.rexera.com\/wp-json\/wp\/v2\/blog\/2935"}],"collection":[{"href":"https:\/\/www.rexera.com\/wp-json\/wp\/v2\/blog"}],"about":[{"href":"https:\/\/www.rexera.com\/wp-json\/wp\/v2\/types\/blog"}],"author":[{"embeddable":true,"href":"https:\/\/www.rexera.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rexera.com\/wp-json\/wp\/v2\/comments?post=2935"}],"version-history":[{"count":15,"href":"https:\/\/www.rexera.com\/wp-json\/wp\/v2\/blog\/2935\/revisions"}],"predecessor-version":[{"id":39981,"href":"https:\/\/www.rexera.com\/wp-json\/wp\/v2\/blog\/2935\/revisions\/39981"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rexera.com\/wp-json\/wp\/v2\/media\/2941"}],"wp:attachment":[{"href":"https:\/\/www.rexera.com\/wp-json\/wp\/v2\/media?parent=2935"}],"wp:term":[{"taxonomy":"blog-categories","embeddable":true,"href":"https:\/\/www.rexera.com\/wp-json\/wp\/v2\/blog-categories?post=2935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}