Top Features of a Co-living Property Management System (PMS)

Lead, Lease, and Booking Management

Click, Book, Occupy

• Booking Portal Integration: Tenants can book rooms from a customized booking portal or popular OTAs like Airbnb and Booking.com.
• Digitized Check-in/Check-out: Streamlines the check-in/out process and allows for easy contract renewals.
• Contract Management: Manages multiple contracts seamlessly with detailed information on renewals, invoicing, and services.

Finance & Accounting

Comprehensive Financial Management

• End-to-End Property Accounting: Handles both receivables and payables, ensuring that accounting processes are company-compliant.
• Automated Rent Collection: Automatically generates invoices for tenants, collects payments through integrated gateways, and reconciles with the bank.
• Bulk Notifications: The Bulk Create function notifies everyone in the organization with payment reminders.

Common Amenities Management

Efficient Use of Shared Resources

• Facility Booking: Ensures tenants book facility slots in advance, avoiding confusion.
• Additional Services: Allows tenants to purchase extra services like Wi-Fi, generating additional revenue.
• Resource Management: Pre-configures resource details, including approval and payment workflows.

Community Engagement

Fostering Tenant Interaction

• Event Management: Facilitates planning, promotion, and registration for events to enhance tenant participation.
• Marketplace: Provides a platform for tenants to showcase and sell their products, fostering a sense of community.
• Exclusive Offers and Polls: Shares tenant-only offers and conducts polls to make community decisions.

Facilities Management

Maintaining Optimal Living Conditions

• Preventive and Reactive Maintenance: Regular and on-request maintenance to ensure a well-maintained living space.
• Complaint Redressal: A mechanism for quick resolution of tenant complaints.
• Asset Management: Tracks all assets in units to ensure transparency and accountability.

Additional Features

Business Intelligence

1. Access to various reports that show the state of your business.
2. Assistance with tax and legal compliance.

Custom Branded App Creation

1. Develops a personalized app for your property.

Hybrid Rentals

1. Channel manager facilities.
2. Focus on guest experience management.
3. Dynamic pricing algorithm for nightly rates.

Energy and Utility Management

1. Smart Locks: Enhances security and convenience.
2. Smart Lighting (STRATIS IoT): Automatically adjusts lighting based on occupancy or ambient light.
3. HVAC Optimization: Improves heating and cooling efficiency.
4. Energy Plan Selection: Assists in choosing energy-efficient plans from providers.
5. Leak Detection & Alerts: Quickly identifies leaks to minimize water waste.
6. Utility Billing Move Out Estimator: Promotes responsible resource usage.
7. Meter Readings: Accurately tracks utility consumption.
8. Ratio Utility Billing System: Allocates utility costs based on usage.
9. Documented Energy Cost Savings: Tracks and reports energy savings from smart technology.

Check out our product to get a comprehensive PMS that covers all the features that you will need to operate: