Investment in Real Estate is profitable but it requires a lot of work. The successful investor has to deal with everything that os from managing the money to managing the property, this frequently seems easier than it actually is. Therefore the investors work with the best real estate management. Excellent real estate management is an important part of the investment and without which management can’t do anything. In real estate management, the management company has four responsibilities, marketing and finance, occupancy, facility, risk management, and administration. The managers help the owner to maximize the rate of return on the investment on the property by effectively using these four functional areas of the responsibility. The management company acts like in the best interest of the owner so that it maintains the real estate property, budget, improvement and also maintenance if the records. The real estate management involves the management of budgeting and operating expenses. From this information, the appropriate rental rates are set. For this, the management may provide marketing promotion or any other advertising strategies. Understanding the financial statements, budgeting and income taxes is important for the management. Whether oners portfolio contains a single site of numbers of buildings or multiple sites all over the world with thousands of building and structures, one need management so that it can represent the present portfolio so that one can plan and manage its performance.
Primavera Real Estatement management provides the tools to the property owner for planning, tracking, and management of real estate portfolio management. This may include both leased and owned property. From the transaction management processes i.e. site selection to property disposition, Primavera Real Estate management provides the best solutions to the owner that can adopt changing the rule and optimizing strategic decision making. Primavera Real Estate management provides tools for planning, tracking and make strategic decisions for property effectively and accurately. Real estate management is support for the landlords and tenants leased types that allows tracking the expenses and income separately. It manages the critical dates and with the help of Primavera Unifier, the owner is notified about the upcoming lease dates that need attention. It is helpful in tracking all owned and leased properties over an entire real estate portfolio. It utilizes flexible worksheets to route and approves common real estate transaction such as site selection, disposition, lease initiation or termination of the previously leased property. Oracle Primavera world-class management for real estate is powerful and easy to use solution. It helps to manage the customer-specific management task, that includes service requests, maintenance, inventory, inspections, and facility condition assessments. Management deals with the tenants and prospects so that it saves the owners time and worry that is wasted for rentals, collecting rentals, handling, maintenance, and repair issues. A good management brings the know how to a property and experience to the owner. The management can be a huge asset of an organization. Sometimes the owner doesn’t need property management when the number of sites is small but in the case when the owner cannot handle the property by their own so the owner needs good management.