Real estate management is challenging, as it involves managing various operations. From managing multiple property types to handling tenant information, and lease renewals and expirations, as well as financials and accounting, there are multiple processes that need to be executed properly.
Traditional property management solutions may lack the capabilities to adapt to modern market trends. This emphasizes the need for a modern solution that supports AI, automation, and analytics capabilities.
LITS Property management system brings a significant shift to traditional property handling methods. By integrating with your existing system, it provides a comprehensive view of your property portfolio, tenant relationships, and financial performance.
LITS property management solution, built on top of Microsoft Dynamics 365 CRM, is a scalable platform designed to manage the resident, commercial, and mixed-use properties.
It leverages the power of Microsoft’s cloud ecosystem to achieve real -time insights and get full control over property operations. The solution empowers property managers, real estate developers, and asset management firms to accelerate their business.
How do you arrive at the solution? Get in touch with the developers of the solution.
How does LITS Property Management Solutions stand out?
The most interesting part of the software is its features. It covers:
- Tenant and Lease management
- Property maintenance and work orders
- Financials and accounting
- Customer and broker portals
In this blog we discuss the capabilities of the solution and how it covers critical aspects related to managing your property business. Here we start:
Tenant and Lease Management
Comprehensive Property Portfolio management
LITS Property Management Solution provides a comprehensive view of your property portfolio. It brings together information for all property types, such as residential, commercial, and mixed-use properties into a unified platform. This centralized view eliminates the need for multiple single systems, spreadsheets, or manual records.
Centralized tenant information
The solution provides an integrated system to manage all tenant-related data that helps to break the data silos that occur with using individual software. This integrated data approach enables property managers and leasing teams to use, update and manage the tenant information from a unified place with greater accuracy and efficiency.
Lease Renewals & Expirations
The solution automates the process of lease renewal and expiration process. This helps the property managers to stay away from concerns related to lease renewal and end management. The capacity within the system ensures that the renewal time frame, rent modification, and the termination of the lease are efficiently managed that reduces the risk of revenue loss or legal issues.
Sales and purchase agreement
The Sales and Purchase Agreement feature streamlines the entire sales journey—from unit reservation to final sale—by automating key processes and document generation. This functionality is especially vital for real estate developers and property firms that manage high volumes of unit sales, helping them reduce manual errors, speed up transactions, and improve the overall customer experience.
Tenant Communication
Lits Property handling solution streamline tenant communication. It facilitates communication between property managers and tenants through various channels email, SMS, social media, IP telephony and portals. By enabling timely and real-time communication it helps improve customer satisfaction with reduced response times, and helps improve operational transparency.
Property Maintenance and Work Orders
Work order automation
Work Order Automation provides an efficient work environment by coordinating all maintenance activities. Property managers can efficiently track, assign, and manage all maintenance jobs from start to finish. By automating the entire work order process, the real estate automation platform ensures quick response times, accurate tracking, and consistent communication across maintenance teams, tenants, and stakeholders.
Vendor Management
The Vendor Management capability helps property managers or firms facilitate coordination with external contractors and vendors, such as maintenance providers, cleaning teams, security firms, and utility companies. The platform organizes vendor information and service contracts, along with tracking service delivery, monitoring costs, and evaluating performance.
Maintenance scheduling
Maintenance scheduling automate, organize, and track recurring maintenance jobs and property inspections. By planning a suitable maintenance strategy, the solution ensures that properties are always in optimal condition which helps firms to minimize downtime, reduce repair costs, and keep asset value.
Financials and accounting
Rental Payment Tracking
The financials and accounting module keeps the financial aspects of entire portfolio in good shape. It enables tracking of rental payments and generation of financial reports which helps managers and owners maintain complete visibility and control over cash flow, income, and expenses. This ensures improved profitability, compliance, and decision-making.
Customer and Broker Portals
Self-service portals
The self-service portals enrich tenant’s and broker’s interactions with the property management system. They can search for information on their own and ask questions without waiting for employee help. These portals reduce administrative jobs for employees while enhancing the experience for customers with the company.
Improve your property management with Microsoft Dynamics based LITS Property Management Solutions
No matter how complex your property business is, you can overcome the challenges with the advanced LITS Property Management System. With this system, you can leverage Microsoft cloud benefits to improve your operations. The solution can be customized to meet your specific goals and integrated with your existing systems and Microsoft technologies to enhance communication and collaboration.
Jumpstart your property business growth with the industry-leading LITS Property Management System from LITS SERVICES. To learn more about this real estate automation platform, connect with our professionals today.
FAQs:
What is Lits Property Management Solution?
LITS Property Management Solution is a scalable platform built on Microsoft Dynamics 365 CRM, to manage residential, commercial and mixed-use properties. It integrates various tasks in tenant management, lease handling, property maintenance, financial, and an integrated system.
How does the solution help with the renewal and expiration of the lease?
The system automatically processes renewal and termination of lease agreements, ensuring timely updates, smooth contract termination, and avoids revenue loss or legal complications.
Can tenants and brokers use direct systems?
Yes, Lits offer self-service portal that allows tenants and brokers to track the unit’s availability, lease information, service request, and to track payment without the requirement of assistance from property employees.
What does Lits Property Management Solutions create from the traditional system?
LITS supports AI, automation and analytics to provide real -time insights, centralized data access, automated workflows, and uninterrupted communication equipment to streamline all aspects of property management.