July 1, 2020
6 min readEssential Elements of Real Estate Management
The real estate business is a multi-component area with a high level of responsibility for the property, people, processes, services, and documents. It all comes in one bundle of enterprise business management and control that cannot be achieved without an automated real estate management system. Especially for this purpose, we have developed a product with a multi-level data structure, sufficient reports, and invoices.
Our solution enables working with all users and all types of data. Moreover, it provides safety and security roles, and also communication between all related users. Importantly, it covers all 10 vital models that help real estate company to achieve smooth service performance.
10 Basic Modules for Property Management
1. Property Information
Property Information displays all the information regarding physical objects that the system operates - Lots, Buildings, Spaces, Groups, and Devices.
2. Party Information
Party Information module allows managing all physical and legal persons that Real Estate company cooperates with - Persons, Employees, Organizations, and Customers.
3. Contract Management
Contract management module includes Rent Contracts, Liability Contracts, Insurance Contracts, Maintenance Contracts, Space Ownership contracts.
4. Product Management
This module consists of Sales Catalogue, Sales Products, Functional Products, Purchase Products, and Price Lists. It displays both external and internal product catalogs and connects them.
5. Process Management
It has everything needed to maintain cooperatives including Cases, Cooperative Closing, Maintenance Plan, Purchase Orders, Service Calendar.
6. Report Management
It contains more than 50 reports that allow providing data visualization in different dimensions. All reports can be adapted to the government or local legislation.
7. Communication Management
It is a massive part of Real Estate Systems that enables quick connection to different people with several clicks. For example, to deliver notifications about scheduled water shutdowns or upcoming cooperative meetings through SMS, Email, and real estate Portal.
8. Event Management
This module involves planning of different kinds of Appointments (Board Meetings, Cooperative Meetings, Voluntary work meetings, and Fiscal year meetings).
9. Invoicing
Create invoices and define how these invoices have to be generated. Send invoices via email, post, integration with any bank.
10. Bookkeeping
The module enables working with Loan Contracts, Ledger Accounting Book, Daily Book Vat report, Profit Statement, Balance sheet, and Account Statements.
Our experience proves that the above-mentioned modules are integral for the management of the real estate business. Nonetheless, if you would like to obtain more details about the functionality or you want to find out how we can help you to customize your management processes, contact us .