Property Management
Property management is the daily oversight of residential, commercial, or industrial real estate by a third-party contractor. Generally, Property managers take responsibility for day-to-day repairs and ongoing maintenance, security, and upkeep of properties. They usually work for the owners of investment properties such as apartment and condominium complexes, private home communities, shopping centers, and industrial parks.
Effective marketing
<p><strong>The measure of how effective a given marketer's go to market strategy is toward meeting the goal of maximizing their spending to achieve positive results in both the short- and long-term</strong><span style="background-color:rgb(255,255,255);color:rgb(32,33,36);">.&nbsp;</span></p>
Maintenance
Property maintenance management involves a range of activities aimed at keeping a property in optimal condition. This includes regular inspections, preventive measures, corrective actions, emergency repairs, and seasonal maintenance.
Rent collection
Rent collection is the act of a landlord or property manager gathering the monthly rent payment from their tenant on a set date, as outlined in their lease agreement. DIY landlords typically apply this payment to the property’s mortgage and/or business expenses, such as repairs and renovations. Most landlords collect rent on the first of the month, though you can choose the date you want your tenant to pay rent. To avoid any confusion, requesting rent at the beginning of the month is highly recommended.
Flexible payment
Flexible payment amenities can help free up property managers from the burden of collecting late rent and managing friction-heavy payment processes like chasing down cash deposits. They also provide an added benefit via improved marketing of their properties to residents who prefer user-friendly payment options.
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Property Management
Organization Setup & Owner Association
A property management company or organization is typically established to oversee the day-to-day operations of properties.The organization may have a Board of Directors or management team responsible for making strategic decisions.An owner association, such as a Homeowners Association (HOA) or Property Owners Association (POA), is typically formed to represent the interests of property owners.
- Maintaining common areas and amenities
- Managing budgets and finances
- Addressing owner concerns and disputes
Tenant Management
Tenant management refers to the administration and oversight of rental properties like property management. Tenant managers are mostly focusing on maintaining positive relationships with tenants.
- Marketing & advertising properties to attract potential tenants
- Screening and selecting qualified tenants
- Collecting rent and handling payment
- Maintaining positive tenant relationships and communication
Accounting and Financial Management
Financial management is more of an ongoing process, while accounting management is a periodic process. The two concepts also differ in terms of their time focus. Accounting management focuses more on past activities. Financial management focuses more on current and future events.
- Account Payable & Receivable
- Trial Balance,Balance Sheet,Profit & Loss Statement
- General Ledger
- Cash Management & Forecasting
- Tax Strategies
Advance Property Search
Advanced property search is a feature used in property management to quickly and efficiently find specific properties or units within a portfolio. This search functionality allows users to filter and refine their search criteria based on various parameters.
- Location (city, state, zip, neighborhood)
- Property(residential, commercial, industrial)
- Unit type (apartment, house, condo)
- Availability (vacant, occupied, upcoming vacancies)
- Rent or price range
Maintenance Management
Maintenance management is the planning, monitoring and control of the maintenance, repair and overhaul of plant, equipment and buildings to ensure that they can be used without restriction.
- Routine inspections and assessments
- Preventative maintenance scheduling
- Repair and maintenance work orders
- Budgeting and cost control
- Maintenance records and documentation
Asset Management
Asset management is a systematic process of developing, operating, maintaining, upgrading, and disposing of assets in the most cost-effective manner (including all costs, risks, and performance attributes).
- Maximize property value and returns
- Minimize costs & expenses
- Optimize property performance and efficiency
Lease Management
Lease management is a way of operating a business based on a lease agreement granted by the owner of the business to a natural or legal person. Lease administration preparing, executing, and storing lease agreements
collecting rent, handling payments, and addressing arrears Lease renewals and terminations negotiating renewals, managing terminations, and handling disputes Compliance monitoring ensuring lease compliance with terms, conditions, and regulations. Types are
- Finance Lease.
- Operating Lease.
- Leveraged Lease.
- Conveyance Lease.
- Sale and Leaseback.
- Complete & Non-Pay-Out.
- Specialized Service.
- Net & Non-Net Lease.
- Sales Aid Lease.
- Cross Border Lease.
- Tax Oriented Lease.
- Import Lease.
- International Lease
Facilty & Service Management
Facility and service management in property management involves overseeing and coordinating the maintenance,
repair, and operation of physical assets and services within a property. Managing routine upkeep, repairs, and replacements and maintaining and servicing equipment, such as HVAC, plumbing, and elevators. Janitorial and cleaning services managing contracts and ensuring cleanliness. Landscaping and grounds maintenance maintaining outdoor spaces. Waste management coordinating trash removal and recycling
Utility management: monitoring and optimizing energy consumption
- lease administration.
- accounting.
- Capital project plan.
- Occupancy.
- space management.
Rent Revision / Termination Work List
A rent revision/termination work list is a comprehensive checklist used in property management to ensure a smooth and efficient process when revising or terminating a lease agreement.
- Send notification to tenant
- Review existing lease agreement
- Calculate new rent amount
- Conduct property inspection
- Determine security deposit handling
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Accessible portals are digital platforms that provide equal access to information, services, and opportunities for all individuals, regardless of their disabilities or limitations. These portals are designed to be used by people with various types of disabilities .Accessible portals use assistive technologies like screen readers and zoom features to help individuals with visual impairments navigate and read content.Accessible portals provide subtitles, transcripts, and alternative communication options to help individuals with hearing impairments access information and offer alternative navigation options, such as keyboard navigation, to help individuals with motor impairments interact with content.Accessible portals use clear and simple language and offer assistive features like reminders and visual aids to help individuals with cognitive impairments understand and navigate content.
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- System Storage Auditing
- Customized Reports
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- Data Migration and Developer Support
- 24X7 Online Support
- Direct Customer Visit for Customer Support
- Regular and Weekly Back up
- System Storage Auditing
- Customized Reports
- Unlimited Training
- Data Migration and Developer Support
- 24X7 Online Support
- Direct Customer Visit for Customer Support
- Regular and Weekly Back up
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