How to start your tech startup for real estate. Part 2
By: Exceed Team
Tags: Startup, Property Management, Real Estate, SaaS, Real Estate Tech

We continue talking about real estate tech startups.

Property management systems have become more and more popular today. They solve many problems in real estate: operation management, logistics, and hospitality. It replaces a lot of time-consuming and inefficient spreadsheets and paper processes related to booking reservations, guest checking-in/out, KPI reporting, accommodation rates, billing, etc. It substitutes many time-consuming and ineffective spreadsheets and paper procedures relating to KPI reporting, booking reservations, guest check-in/out, accommodation rates, billing, etc.

Modern custom property management software solutions are operated by online and cloud technologies, surpassing the software-as-a-service (SaaS) model beyond the traditional front desk.

Types of Property Management Systems

Practically, PMS types are connected to types of property.

Residential PMS. If you own houses, duplexes (triplexes), or apartment buildings, this residential PMS will suit all your needs.

HOA and Condo PMS. For condominiums, townhouses, and co-ops, you can develop property management software and thus manage many tasks.

Commercial PMS. You will need to build a commercial property management system, whether you are targeting consumers who work in retail, banking, insurance, or IT.

Hotel PMS. With proper PMS support, hotel owners don’t just save their time and nerves, but save on budget and raise revenue significantly.

Industrial PMS. Industrial PMS is for warehouse owners, logistics facilities, and industrial property owners.

If you’re willing to learn the specific features for each type of real estate property management system, check them in the article.

Advantages of a Custom Real Estate Management Software Development

Lower cost

Efficient data storage and protection

Multiple property management

Automatization of the tasks

Scalability

Localization

5 Steps Make a Property Management System Software

Set your goals, choose concept, and strategy.

For this step, you may need the help of marketers and business analysts besides the development team. Define your target audience to see your goals.

2. Make a wireframe.

The wireframe is a designed prototype of your future product. In this step, you should think about various user journeys, flows, and processes.

3. Creating UI/UX design of the property management software features.

At this stage, you decide how to make your future product look. Please notice that both sides need to be taken into account: because the management and tenants and applicants will use it, the UIs of the owner portal and user portal should be considered.

4. Front-end and back-end development.

Here, the team of developers makes your dream come true. Processing of QA and feedback typically comes along with production. You should answer all questions and problems a user may have.

5. Post-launch support.

It’s very important to maintain your property management system and keep in touch with the development team. They’ll help you fix bugs and add new features.

Though fully prepared platforms are popular among various property managers and agencies, they can not compete in any way with tailor-made solutions. In the long-term, the performance of a custom PMS is unbeatable, which is an indisputable advantage.