Tuesday, November 16, 2010

Property Management Software - Revolutionary Letting-Rental Service for Estate Agents



With the changing pace of technology, the lettings industry has changed hugely from the days of collecting rent door to door to now receiving online transactions. It's now easier for landlords to get their payments on time and similarly further payments are made to contractors etc. with ease. Not only this, the chance of losing cheques is greatly reduced. Handling the day to day work and online transactions for a small or start up business is fine but when it comes to expanding the business manual processing puts you at a great disadvantage. In such cases you will be researching the Property management software available in the market. We have come up with the complete solution specialising in residential lettings, accounts and property management.

This letting management software delivers some unique and outstanding features giving you complete control of your property portfolio:

• Residential Property Lettings
• Marketing
• Property Maintenance
• Client Accounting
• Document Management
• Work flow Automation

The enhanced features of residential letting software is that make it the best in the UK include:

• System Structure
• Multiple client account
• Receiving rent/ fees and payments etc
• Access data
• Marketing
• Property
• Landlord's
• Contractor's
• Data Conversion

This property management software letting software has the flexibility to cater for the needs of both multi user and single user letting agents, from large to small. Residential letting software takes care of the entire letting cycle of a tenancy starting right from the applicant matching to the tenant booking to maintenance of the property contractors, if needed with customer satisfaction as the main focus.

Along with the core Property management software offers Web which delivers a robust web presence showcasing the products and services of our clients. When web is integrated with Property management software further features such as Landlord and Tenant Portal, Interactive mapping etc. can be delivered making the product available to applicants easily and grabbing the opportunity to convert them into tenants!

Coming to our Client base, we have a long list of clients throughout the UK. The largest clients that we currently have are Countrywide Residential Lettings who have selected our property management software after a rigorous tender process.

PropCo Enterprise specialises in providing letting software which excels in adding a new dimension to property management software, residential letting and rental software. PropCo Enterprise delivers comprehensive Letting Agent Software support to businesses or letting agents, which is designed to suit any budget for everyone.

Sunday, November 14, 2010

Financing Your Investment Properties

An investment property is a property (land, house, flat, apartment, building etc.) that you buy with the purpose of producing monetary returns. Financing your investment property can be a great way to earn some steady income. Many people buy homes with the aim of renting them and thereby bringing in a considerable amount of monthly income. Similarly, several real estate investors are there who pay for multiple properties, get them renovated and then sell them for a higher profit.
To start on the road to successful journey, there are three best ways to finance your investment on property. While you use them correctly, they can help you get a substantial amount of money from your property investments:
1. Self Financing:
It is much viable to make use of your own resources to buy the property. You will have to meet all the expenses yourself. Similarly, you will be liable for all profits and losses. Self finance is the easiest and reliable source of investing because this way you lower your accountability. This prevents you from going through lots of paperwork, adhering to the strict rules of financing companies and having to discuss your every move with your partner. You can do things liberally but it will be risky if you do not stay careful. However, by seeking advice from qualified experts, it is possible to use your resources properly and maximize the benefits.
2. Loan and Mortgages:
Normally banks, building societies and credit unions offer bank loans or mortgages as a way to finance your investment on property. Such institutions offer loan for a percentage of the purchase-price whereby keeping the property secured as guarantee for the loan. Depending on the interest rates fixed by the finance ministry or central bank, the loans or mortgages are held with either fixed interest rates or variable interest rates.
This way to finance a property investment really is the most established, safe and well-known. Not only you can make down payments but also meet other capital requirements. In addition, you can repay the bank from the amount you earn from rent or sales of properties.
3. Partnership:
Partnership with other investor is a great way to finance your investment on property.It is a win-win relationship for both parties whereby you divide the cost and share with other partners. Utilizing the assets of your helping hand will make your credit rating sky-rocket. Although you get restricted in decision-making process but there is less risk factor if you have the good business chemistry with your partner. Being able to master the art of partnership gives you the ability to finance as many property investments as you want.
Remember, a safe and reliable financing strategy affects your investment venture in the long run. Carefully consider all your options before you decide how to finance your property investments. Choose the right option that keeps your risks low, ensures a high rate of profit and works best for your interest.