Manage your investments, not just the properties and tenants with Decorus PMS.
Property management is changing. The evolution of the industry, the economy and the effects of the last recession have seen property and its components as an investment for the future.
Letting Agents v Managing Agents
Letting agents find tenants on behalf of landlords. Management agents look after the communal areas of estates and blocks on behalf of landlords/freeholders.
Collecting rent is an obvious necessity when it comes to letting property, landlords and letting agents require the monthly income to pay the bills for now and contribute to business growth.
Managing and maintaining the structure of internal and external areas of a building is beneficial for now but also in the future too. The value of a property can rapidly decrease when it isn’t maintained properly, if this is allowed to happen then it won’t be long before the asset you once hoped would bring income in the future could be diminished. With careful planning this can be avoided and you will have a portfolio which will continue to bring in a return for many years.
How can Decorus for Sage help?
Decorus for Sage is a specialist property management software solution, adaptable to portfolios consisting of residential houses, blocks of flats or offices, estates, commercial units or retail parks as well as agricultural land.
The system, which integrates seamlessly with Sage 50 provides financial reports using real-time data. This information gives a snapshot of how cost-effective the portfolio is being managed and what needs changing.
Maintenance can be a costly exercise but if it isn’t dealt with professionally and promptly it could become an unaffordable error. This work can be planned, accounted for and invoiced using the functions included in the software. Generally, the cost is covered as a service charge, paid for by the leaseholders, doing this equally can be a challenge but Decorus is capable of splitting costs fairly without having to deal with complicated sums.
For large operations, management agents often need to track assets within a portfolio too, this can include anything from staff members to furniture, electronics or rooms for meetings or events. Generally asset managers specialise in particular sectors. The additional asset management module is available for those wanting to monitor everything in the portfolio with details that can include location to value, insurance, condition or alerts. Using this information you have the ability to reduce expenditure so that you have a clear understanding of expected incomings and outgoings.
Whether you already have a software solution in place or you work in Excel, book an online demonstration with Decorus PMS to see how it can increase the ROI for your portfolio.