Time is $$$ – Your Money

May 10, 2022

Time is $$$ - Your Money

By the IT Team, Summerfield Management 

It costs you money when employees get lax about rolling in late or leaving early. Given the opportunity, we all know some employees who won’t hesitate to misrepresent their hours on purpose.

Calculated fraud or not, timekeeping discrepancies add up.

A staff of 4 people can easily eat $12,000 out of your annual NOI.

Time is Money. Hourly Wage $25. In 15-minutes late. Out 15-minutes early. 4 employees 5x/wk+$1,000 a month = $12,000 year
That’s YOUR money.

A mobile timekeeping system that uses GPS technology puts that money back in your pocket.

How does it work?

  • A geofenced timekeeping app means employees can only record punches while within a limited geographic area assigned to your property. No more off-site happy hour at your expense!
  • Timekeeping is managed on the back end of the payroll system. This means on-site staff can focus on sales and ops, which can also reduce your admin costs.

What about employees who work at multiple sites?

  • Floating employees can be assigned to multiple properties (and verified via GPS) with just a few clicks.

Geofenced timekeeping is a win-win because it not only prevents employees from fudging their hours, but it also makes timekeeping more convenient for employees who move between locations.

What are you waiting for?

Summerfield offers a better property management experience because we’re competitive, nimble, and willing to do the work.

Call us or send us a text and let’s see what a better property management experience could look like for you.

 

 

Robert Parmar

Southeast Region

rparmar@smfield.com

770-920-3055

 

 

 

 

 

Trevor Manning

Northwest Region

tmanning@smfield.com

503-867-5214

 

 

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Summerfield specializes in the management of apartment properties that are approximately 125 units or larger, and is licensed to manage in Washington, Oregon, Idaho, Florida, Georgia, & South Carolina.

If you would like to discuss additional specifics of our management program, please reach out to our Managing Director, Robert Parmar at rparmar@smfield.com or call 770-628-5943.

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