Software Solutions to Manage Your Property Assets

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There are several real estate as well as property investors across the country and the trends seem to brightening up again after a dull season last year. Yet managing properties may be cumbersome as one owner may have multiple properties. Recording details of tenants in each one of them, remembering occupied property and vacant ones, collecting rent, conducting maintenance, and a lot more activities are part of property management. These have been traditionally been done on paper, email and spreadsheets. Now, owners and investors can use property management software to supervise their properties and day-to-day tasks.

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What is Property Management Software?

A Property Management Software or Property Management Solution is a software application that is used to supervise the day-to-day activities of commercial as well as rental residential-properties. This application can also be used by agencies or organizations that have been established to manage properties. In simpler words, property management software is a program designed to help people manage residential and commercial properties that they own or behalf of owners.

Problems with Current Methods

  • Market Prices:These keep changing according to economic trends and government policies. As prices are matched with inflation and devaluation of the currency, the resulting income for property owners becomes much lesser. It is not always possible to modify rents collected according to market prices. An automated solution is required to match rents collected with the current market prices.
  • Poor Reporting/Communication:There are very poor lines of communication between property owners, managers and tenants. The currently used methods of communication are through direct contact, phone calls and emails. However, these methods do not guarantee a prompt and/or complete response. A single medium is required through which owners and tenants can always be engaged with each other.
  • Expensive:Currently, property management involves a lengthy process which needs several members. For example, property owners and property managers may hire unique teams to maintain contact with tenants of each property. The purpose would be to address their concerns, collect rent and share latest guidelines.  Another team would be required to manage finances. In addition, teams or employees would be required to conduct inspections and also advertise the availability of property for rent or purchase.  These repeated expenditures can dent profits by a huge margin. It could be highly productive if there is a single solution to manage all aspects of property.
  • No Monitoring:With several property assets in multiple locations, how can a property owner or property manager monitor their status 24/7? It would be impractical or perhaps impossible for an owner or his staff members to continuously monitor activities in all locations. Besides, the lack of monitoring leads to other problems mentioned earlier in this blog. Is there an alternative to these traditional methods of management? Can a single solution handle all aspects of property management?

Here is the solution!

Development of property management software with a single-time investment is the cure. With trust accounting, maintenance, inspection, communication, and reporting features, it brings together all the key functions of property management into the one program. Not only does this save time and money by reducing add-ons, but it also streamlines your day-to-day property management tasks. With such a software solution, property managers in India can get more things done and focus on what really matters; such as nurturing leads, increasing number of tenants and providing better service to your clients.

Additionally, property management software helps maintaining a clear digital paper trail for compliance purposes. Majestic People Infotech is a Coimbatore-based experienced software development company in India. We develop customized property management solutions for different industries including commercial, residential, hospitality, educational, and health.  We invite you for a quick discussion on what is our advantage if developing property management software.

Customized Software Applications For Your Business

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Does your business have a customized software application? If not, it is high time that you get one! At first, what is a software application? Keeping aside all the technical jargon, a software application is simply a window for prospective customers to your business, right from their respective mobile phones or computers. Want it to be defined more simply? A customized software solution is your digital sales agent who remains with your customers 24/7!

Examples Of Software Applications

Everything you use on a computer, an android phone or a tablet device is a software application. In this internet era, software applications can be anything from interfaces, messaging services and payment gateways, to database applications and e-commerce applications. For example, the browser you use to connect to the internet is a software application and even the popular social media portal named Facebook is a software application.

Hence, all this time you have been using the software applications of other brand-names. Won’t it better if you could have your own customized software application? A software application that carries your brand name? But why does your business need to invest on a customized software application?

The Advantages Of Customized Software Applications

1. The foremost important benefit of custom application development is that it is tailor-made by a custom software application development company to suit the exact needs of your business. It will not be any general application. You own it and can customize it to highlight the identity of your own brand name.

2. A strong advantage of customized software developments are that they provide a complete security to your business from external threats. In fact, several businesses fall prey to hacking attempts owing to the vulnerabilities in commonly-used software. On the other hand, Customized software applications show very less chances of being attacked, as a lot more complexities will be involved in order to breach the system.

3. Custom application development is capable of operating with the software packages that are already operated by your business. This cannot be said of several outside software packages that may hamper errors while interacting with the existing infrastructures of your business. For example, your business may require the use of certain languages, colors and image sizes, which an externally licensed software application will not support.

4. With custom application development, your software is maintained for as long as you require it to be. In contrast, with external software applications, your business is at the mercy of the brand-name it belongs to. What if they fall into some legal trouble or face bankruptcy? The app will disappear and your business profits will sink down the drain! This is more the reason, why you should have your own software application developed.

6. Custom business software assists in the reduction of hardware acquisition costs. On the other hand, licensed software packages require the investment on extra hardware by their side, for effective functioning. Custom software developing companies will fine tune your program to suit both the vendor of your hardware as well as your hardware’s capabilities. This ultimately helps your business save money, as you will not need to purchase unnecessary additional hardware.

Majestic People InfoTech (MPI) located in Coimbatore, India is an experienced developer of customized software applications. We understand your business concept as well its objective to lay the framework in developing a customized software application. MPI invites you for a transparent discussion, so that we can help your business literally venture into the hands of every customer.