Software Solutions For Residential Strata Management

By Author: Chris Whelan
Total Articles: 74
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There are major developments found in the property management areas at worldwide. This makes strata community to become an important aspect for every individual who have interest for property business. By seeing the increasing craze for residential strata management, some have developed software to accomplish property management tasks efficiently.

Residential strata management needs to be manage by including all the possible areas. The strata management requires an updated financial management such as maintaining financial records, preparing balance sheets, income and expenditure details, book keeping records, collecting rents from tenants etc by the end of the annual taxation period.

Residential strata management software is the best solution to maintain all these details and records. It helps you to track every single aspect of residential property. Here are some important features which help to manage frequent property details with ease through this software.

The use of Inventory:

The inventory helps you to keep a track of every aspect of rental and residential strata management property. With ...
... the help of inventory you can make a list of details including property dimensions, property types, tenant’s exact information, rent details or list of details about a particular strata property. The list can be prepared by making groups or set apart properties according to location or value. Along with these listing the software also helps in every aspect of residential strata management.

Report and balance sheet creation:

Maintaining transparency during report creation and maintenance is very much difficult to handle hassle free. In this regard residential strata management software is the best possible solution for the extreme help. You can maintain all your documents, creating and printing reports, review the lease agreement, preparing eviction notice or send a late payment notice etc. the software helps in creating any report used by the property owner or any managing firm and save them in appropriate location with templates.

The residential strata management software is getting popular due to its financial management package which is necessary for financial maintenance of accounts and keeping track record for year-end taxation services.

Data storage capacity

The residential property software have extensive data storage capacity which helps the users to store intricate data along with small information regarding property type, carpet type, wall color, door window specifications, details of interior, appliances for the home etc.

The residential property management software has lots of features which makes easy to number of intricate functionalities for the strata community. The unlimited space allows to upload and preserve tenants’ profiles, their all detail information such as name of the tenant, credit card reports, current working place, reference reports whether from the past property owners or from strata management company, saving data of all mails for future references. Even there is digital image facility based software available which is providing sample images for every room to show customers as the evidence of existing condition of the strata property at the time of dealing. Among other services the prominent services managed by the software are records of collected rents, negotiated leases, evictions, legal and financial issues for providing hassle free services.