What is meant by Housing management?
The term "property management" refers to the administration and organization of residential properties, particularly rental apartments. It includes the management of rental agreements, property maintenance, handling of rental contracts, and the administration of utilities and rental income. The goal of property management is to ensure the smooth operation of residential complexes, improve tenant satisfaction, and maintain or increase the value of the properties.
Typical software functions in the area of "Property Management":
- Rental Management: Management of rental agreements, tenant information, and rent payments.
- Utility Billing: Automated creation and management of utility bills for tenants.
- Maintenance Management: Management of repairs, maintenance tasks, and service orders.
- Vacancy Management: Monitoring and managing vacant units to minimize vacancy periods.
- Document Management: Digitization and management of documents such as rental agreements, invoices, and insurance papers.
- Financial Management: Management of income and expenses related to the property, including rent payments, repair costs, and operating expenses.
- Tenant Communication: Automated notifications and communication functions for tenants, e.g., for repairs or billing.
- Reporting: Creation of reports on property condition, rental income, and tenant behavior.