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Home Real Estate

Tech revolution: How software is reshaping Kenya’s real estate

Lewis Muhoro by Lewis Muhoro
September 15, 2024
in Real Estate
Reading Time: 2 mins read
Real Estate

[Photo/Courtesy]

The real estate market in Kenya is constantly evolving, with advancements in technology shaping how professionals manage property portfolios. Property management software (PMS) is one of the key innovations enabling real estate owners, managers, and agents to streamline operations, enhance tenant satisfaction, and increase profitability. Below are some of the leading property management software that real estate professionals in Kenya can leverage to improve efficiency and productivity.

Buildium is a widely recognized property management software that allows property managers to automate essential tasks, from tenant management to financial reporting. Its tenant and lease tracking feature make it easy to manage tenant data, renewals, and leases from a single dashboard. It also allows property managers to handle rent collection, vendor payments, and generate detailed financial reports.

Propertyware is another cloud-based solution specifically designed for residential property managers. Its flexibility and customization options make it suitable for managing single-family homes and multifamily properties. One of the key features is maintenance management, which helps track maintenance requests from tenants and assigns tasks to the maintenance team efficiently. It also offers owner and tenant portals, providing tenants with an easy way to pay rent online and allowing property owners to monitor property performance.

Rent Manager is a versatile property management software offering a wide range of tools for managing residential, commercial, and short-term rental properties. The software’s accounting functionality is robust, including features like general ledger, accounts receivable, and payable management. One of the standout features is its customizable reporting, which allows property managers to create detailed financial and operational reports tailored to their specific needs. This is particularly useful for generating performance insights and ensuring regulatory compliance in Kenya.

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Re-Leased is a cloud-based property management platform specifically designed for commercial real estate. Its lease management functionality is especially strong, allowing property managers to automate rent reviews, track key dates, and manage compliance. The software also includes financial forecasting tools, which can help Kenyan property managers predict future cash flow, plan for upcoming expenses, and make more informed investment decisions. Re-Leased provides tenant portals where tenants can access lease documents, pay rent, and submit maintenance requests. This feature simplifies communication and keeps tenants engaged with their properties.

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