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Continued focus on the independent owner and manager of rental property leads to strong growth for Web based software company
Cleveland, Oh – February 19, 2009 – () DIY Real Estate Solutions, a
web based property management software provider, today announced record revenue and client growth for the year ended December 31st, 2008.
Revenue growth year over year was up 155% from 2007 and new client growth exceeded 85% from 2007, reports DIY.
According to Steve Lloyd, co-founder and president of DIY Real Estate Solutions, “results for 2009 are already exceeding last years’ numbers for the same period. We continue to see increasing demand in all sectors for our set of comprehensive, integrated Web tools and applications and technology services
for the property management industry.
“While the economy is struggling in certain sectors, we are experiencing
strong interest in technology services that lead to greater productivity and
improved cash management, that are affordable and easy for independent professional
property managers to leverage,” says Lloyd.
“DIY is a Software as a Service (SaaS) company,” he explains. “We deliver a suite of comprehensive and integrated
programs for
landlords and managers of rental property over the Web. In the current economic climate, this model gives the property manager
and investor unprecedented ability to respond to opportunities in this rapidly evolving real estate market.
“SaaS companies are growing as a practical alternative to access technology versus the conventional process of purchasing software and the infrastructure to run it,” explains Lloyd. “We work similar to the utility companies. We provide the infrastructure of the latest software and technology services for property
managers and landlords to run their businesses. Virtually all they have to do is plug into the Internet.
On the subject of growth, Lloyd says, “we are extremely optimistic and expect our growth to continue in 2009. January results were right on target and support our outlook.”
About DIY Real Estate Solutions, Inc.
DIY is the developer of a comprehensive, integrated set of online
rental property management software
applications designed specifically for landlords and property managers with less than 2000
apartment units or
single-family
rental
homes. The company provides leading edge, real estate solutions including comprehensive
lease and data management
functionality, complete
property accounting,
tenant credit screening,
electronic rent payments via credit cards and ACH processing,
tenant debt collection servicing and state-of-the-art
marketing and resident portals. With headquarters in Cleveland, Ohio, the company can be reached at 866-602-9007 or visit
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