Hybrid App for Property Management

Problem Statement : Property360degree.com being a property management product had to be a solution which would be accessible on any device (based on use cases of on-field and in office usage), supporting all time zone, different currencies and different kind of stakeholders like Property Manager, Owner, Tenant and Vendors to carry out end-to-end operations collaboratively.

In short, it had to be a start-up building a SaaS product with zero cash-flows. We wanted to create a solution:

Digital Road Map for Property Management

The moment we see or hear “Digital”, “Technology” or “Marketing” are the words which we anticipate to follow. Most of the Property Management companies may have adopted “Digital Marketing” for their business which may be producing desired results. Digital marketing is a process which requires continues exploration and refining the strategy so that businesses achieves the defined goals. There is lot more to it and there are many gurus who have produced tons of high quality information freely accessible. But this information needs to be processed and applied to your business. This is where some digital marketing experts/agencies come into picture. We will take-up “Digital Marketing” for some other day. Let’s look into “Digital Technology” or “Digital” for Property Management domain.

Catering for the Rental Market Post-Lockdown

Over the past few months, the lockdown has allowed for the natural world to begin to heal itself of the harm that has been caused to it by us. Is this creating a better place for us? Maybe, yes. But should we thank COVID-19? Definitely not. Since its outbreak, COVID-19 has affected all of our lives, far more so than any other disease in living memory. Although it has helped to benefit our environment, we shouldn’t have had to wait for a disaster such as COVID to achieve this, we could have been more proactive towards planet earth all along.

Non-Ownership Housing: Mainstreaming Rental Housing in India

It is important to learn from international examples where rental housing is being subsidised through viability gap fund and subsidy vouchers.

Urbanisation in India has been declared as Messy and Hidden by World Bank in its report Leveraging Urbanization in South Asia, 2015. It is characterised by exclusionary urbanisation, rising disparities, access and quality of urban infrastructure and basic amenities, regional imbalances, weakly empowered city governments, lack of reforms and institutional capacity, among others.

Property Management in India, a huge business opportunity missing in India !!!

Property management involves tenant management, landlord management, property maintenance, and a lot of other activities associated with these.

The current norm of property management in India: Real estate brokers are largely involved in finding a tenant for the rental properties. Tenant management and landlord management in India are largely matchmakings where Real estate brokers or agents help find the right property for the tenants and find the right tenants for the landlords. In this process, Real Estate agents charge brokerage fees and execute the rental or lease agreement (most do it). That’s the end of their involvement.

What is Property Management? What are the things to consider before starting Property Management?

Property management is all about looking after or overseeing the rental properties. Rental properties could be residential (households, apartments, community buildings, student accommodations), commercial (retail shops, warehouses, industrial buildings), land, shopping complexes, etc. The responsibilities of a property manager are various, the two most important are to make sure the rental properties are maintained in good condition and the rental yield is optimum. We will discuss more on responsibilities and processes in a different article that will cover specific things about Tenant management and Landlord management.

Why do you need a Property Manager?

Have you ever invested in mutual funds/stocks?

If yes, you would have already known that there are fund managers/portfolio managers who optimize your Return on Investment (ROI) and they charge certain fees to make sure your wealth is protected and potentially grows over the years. Fund managers are able to do this because they monitor different stocks of different industries and fairly build good intelligence around to move the funds at right time in the right proportion. So fund managers and their algorithms are doing the job for you while you are sleeping.

When you invest in real estate, who manages your investments? Who optimizes your ROI? Don’t you think managing your real estate investment in good condition contributes to an increase in your real estate asset value? How much is the leakage in ROI of your real estate investment when