Simplifying Invoicing for Mid Month Contracts
Property managers face significant challenges when generating the first-month rent invoice, particularly when leases start mid-month. But why is this an issue? Why do we help handle First-month invoicing? Let’s take an example to understand this better: Unit Contract start date Contract end date 101 1st July 31st July If the tenant moving into […]
Ticket Automation
Name of Tenant Date of Move-in Date of Move-out Pending Action Items John Carter 24th January, 2024 Sign Lease Agreement Ashwini Pavar 25th January, 2024 Unit Inspection John Elton 26th January, 2024 Fix all Electrical Issues Mary Won 24th January, 2024 Unit Cleaning Feline Maria 25th January, 2024 Tenant Onboarding Does the above table […]
Circles – A Vibrant, Safe Community app for Tenants
Property managers and operators manage apartments, coliving spaces, co-working spaces and a range of assets across Real Estate. All of these places remain “spaces” and do not nurture into Communities. Our learning is that this can be detrimental for property managers and operators affecting recurring revenue from tenants. To address this challenge, we dedicated […]
Enable Virtual Property Tours for Prospective Tenants with Monk Tech Labs
Tenants always want visual proof of a unit before occupancy. It’s seldom the case, that a tenant books a unit on your property without looking at the pictures, videos or reviews associated with the property. About how many pictures and videos, are enough? and, what if there was a way to go beyond static images […]
Streamlining Your Booking Process with Our No-Code Booking Engine
Operators are constantly striving to streamline their booking process to attract more tenants and maximize revenue. This is easier said than done unless a real estate professional uses TheHouseMonk. MTL’s no-code booking engine allows operators to create a booking portal for their property listings which helps generate leads, take bookings and overall increase revenue […]
Data-driven Web Portal for Landlords/Investors
Landlords/Investors are in constant need of information. Property managers and operators always have to be prepared for questions around: How much revenue am I getting this month? What is the list of my expenses? What is the increase in profit for a given period? How many tickets have been raised for my property? Are all […]
Monitoring Work Quality with MTL for Tickets and PPMs
Checklists form the core of any Real Estate Management workflow. While there are different kinds of checklists for professionals in real estate, there are only so many platforms that understand the need for operators to use Property Management Checklists. If this term sounds new, Property Management Checklists set a framework for technicians, housekeeping staff and […]
Managing Facilities Booking with MTL
Managing common amenities present in a property irrespective of the real estate asset class is laborious. Whether meeting rooms in office spaces or laundry rooms in residential spaces, the lack of facility booking in a building makes the life of property managers and operators difficult. Real estate professionals who use TheHouseMonk, and TheOfficeMonk have a […]
A Guide to Efficient A/R Management with Monk Tech Labs
Accounting for rent, deposits, late fees and services to tenants that require payments require a lot of diligence and need perfect record keeping. In the day-to-day hustle and bustle of a property manager and operator, managing and tracking quotations sent, seeking approvals for quotes, creating invoices and tagging receipts are an arduous task. On one […]
The Evolving Dynamics of PropCo and OpCo in Real Estate
Real Estate investment has evolved over the years, giving rise to various asset classes, models and strategies. Among a few, two key segments have emerged called: PropCo and OpCo. In this blog, we’ll delve into the distinctions between these entities, the nature of the relationship and how it’s evolving, and trends we are seeing about […]