What is apartment management system?

To manage the tasks and information of apartment or housing societies we require a software application which is known as an apartment management system. These systems collect all the data so that the tenants and the owner of a property can enjoy smooth processes for renting collection, maintenance, parking, security, etc.

In layman language when a person moves to a different city and rents a house, so many things need to be taken care of such as Property management, visitor management, billing and payment, facility management, activity updates, streamlined domestic help, emergency help, active social networking. Now, the owner cannot remember or take into account each and every single detail. So, there is software that manages these things and keeps track of all the records related to the tenant and owner. These are some of the primary functions of apartment management systems.

• Rent Payment Processing:

  Property management systems help its users keep track of all the information such as rent payments, late fees, maintenance charges, and security deposits due from tenants.

• Keep the record of all the tenants information:

  Building management systems to keep the data of tenants is a must when it comes to renting property. So, the apartment management system keeps track of these details.

• Income and expenses

  : The management system keeps all the records of income and expenses of a specific property.  It helps in determining the profitability, cash flow, and expenses of a rental property.

• Vacancy Tracking:

  Systems help to recognize which unit is vacant, occupied or on notice period.

• Vehicle Tracking:

  The apartment management software helps to keep a track of the entry and exit of vehicles required for residents or visitors.

Anyone including a property manager, property owner, student PG owner, maintenance technicians, leasing agents, real estate agents can use the apartment society management system to execute everything in a hassle-free manner.

The cost of each apartment management system depends on various factors such as license validity, features and scale of operation. Some of the good apartment management software in the market are:

• ADDA

• Hypersoft Society Mgt. Software

• ItsMyAccount

• Apartment Sathi

• SocietyRun

• Neighbium

• iComplex

I hope you now know

what is apartment management system.

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