Tulip Real Estate is a reputed Real Estate House in the UK having properties in different parts of the country. These properties are rented on a long term basis like 3 months, 6 months or more to different immigrants coming from foreign countries to UK for work purpose.
Tulip Real Estate tied up with Softlabs for a bunch of IT Services like Logo Designing, Merchandise Designing, Website Designing, Hosting and Online Apartment Letting/Renting Software.
Since the company was growing rapidly and attributing many properties into their business on a regular basis, it become difficult to manage and update the status of all the available properties, customers, invoices and payments manually. The company faced losses as the vacant properties were not rented on time due to un-updated property status details.
Softlabs designed Let Prop, an Apartment/Properties renting and management software application. It is used in India and UK to manage business of various property letting/renting organisations. After implementing our digital solution, Tulip Real Estate House was able to register and track all the properties, the tenure, customers and their payments online. Softlabs also developed a module to run monthly invoices automatically which could be send on email to the client without any intervention. Payments were also duly noted in the online software.Some of the key features of the thoughtfully designed software are :
- Location-Area-City Management
- Room Management - Number of rooms, Types of Rooms
- Customer Management
- Contract Management - Tenure, People, Properties, Amenities
- Cancellation of Contract
- Property Management
- Amenities Management
- Customer Accommodation Management
- Change of Accommodation within a contract
- Invoice Management
- MIS Reports
After implementing Let Prop, managing many new Apartments through the software was simplified. Calculating the exact availability of any property for a particular tenure was easily possible. Invoices were generated and sent on time and payments were noted online accurately. This helped in getting appropriate payment reports and outstanding reports resulting in timely recovery of dues. Complete Business Volumes of the company were available on the finger tips. Overall, the efficiency of the company was enhanced by 35% with the employment of Let Prop.