Odoo Real Estate Management System
In today’s highly populated and constantly advancing world, infrastructure, architecture, technological advancements and development of a nation depend on well-planned construction facilities. Where such fields face demands and challenges with regard to business management, transactions can be made simpler with the use of property management system ERP.
Effective development of Real Estate projects rely a great deal on strategic resource management and planning. Research proves that 30% of the unsuccessful projects have solely ended in disaster due to inadequacy in the aforementioned criteria.
Odoo Real Estate Management System helps managers to manage properties, leasing, maintenance and sales efficiently bringing down headaches of cumbersome paperwork and follow-ups.
Industry Challenges
Cost Control
- High Mobilization & Execution costs
- Fast rising resource prices while maintaining the budget
- Greater compliance, cut-throat competition resulting in declining profit margins
- Cost effectiveness on all levels sought
Property Tracking
- Long time to recognize a problem and correction
- No real-time tracking of leasing or maintenance activity
Resource Management
- No real information of cost, people, time on a real-time basis
- Cost Overruns, underutilized resources, time mismanagement
Decision Making
- Getting all departments work together and centralizing information
- Generate data in a form to be used for intelligent decision making
Solution
- Odoo offers extensive features to address core requirements of Property Management
- Our Odoo Real Estate Management solution is a collection of business process templates to provide the right solution along with focus on reducing cost and time for property management
Odoo Real Estate Management system for Property Leasing
Property Listings
Define Properties with great detail including and not limited to Area, Amenities, Certifications, Technical & Legal Information
Workflow Management
Allows users to define terms for leasing, sales, payments, maintenance, inspection to manage all processes of leasing/sales
Professional Website
Flexible website builder to choose a theme and upload your logo. Host important documents, like tenant handbooks or sales sheets, so they’re easy to share with residents or prospective clients.
Rental Applications
Online rental applications are fully integrated with your marketing site, so applicants can apply right there. Any related application fees will be applied to their account and can be paid online.
Odoo Property Management System for Operations
Tenant Screening
Set custom credit score requirements for each property to receive recommendations based on data collected from applicants. Notify prospective residents as soon as they’ve been accepted, and seamlessly add them into the tenant management system to begin accepting payments.
Maintenance Request
Residents, owners, or employees can submit work orders, and attach videos, documents, and images. Get status updates from your phone, tablet or desktop.
Document Management
Upload an unlimited number of leases, policies, addenda, receipts, meeting minutes, inspection reports, floor plans, and maps. Access them anytime, from anywhere. Easily share documents with residents or rental owners when the need arises.
Property Inspection
Manage scheduled and unscheduled inspection of properties for safety, security and other legal compliances.
Odoo Property Management System for Finance
Property Accounting
Securely manage Property expenses, accept rent, and create valuable reporting.
Manage Financial Performance
Managing financial and operational performance helps companies for accurate insight into costing, improved financial planning and forecasting.
Treasury and Financial Risk Management
Ensure enough cash liquidity to fund business operations.
Accounting and Financial Close
Help customers to run their accounting and financial close processes faster, more accurate, more compliant and less costly.
Business Benefits of the Odoo Property Management System
- Rent Arrears – Keep track of rent arrears so you can get on top of the problem before it gets out of hand.
- Property Ledger – Record all your property transactions so you know exactly where the money is coming from and going to.
- Scheduled Reminders – Automated reminders for payments, maintenance, inspection for ease of management
Key Features of Odoo Property Management System
- Property Valuation, maintenance, insurance, utilities as well as rent management with reminders.
- In-built content management system helps display available property details on a given website.
- Provision to define Deposit Schemes at the time of booking
- Allow user to create user defined Building Types, Room Categories & Rooms
- Offers flexibility to define Pricing policies for various customer groups
