Property Management Software

From contract:

D. DISCLOSURE OF DEVELOPMENTS TO THE COMPANY
As used in this Agreement, “Developments” mean any Proprietary Information
consisting of any work of authorship, discovery, improvement, invention, design, graphic, source, HTML and other code, trade secret, technology, algorithms, computer program, audio, video or other files or content, idea, design, process, technique, know-how and data, whether or not patentable or copyrightable. I agree to maintain adequate and current written records and if requested, promptly disclose in writing to my immediate supervisor or as otherwise designated by the Company, all Developments, made, discovered, conceived, reduced to practice or developed by me, either alone or jointly with others. I will not disclose developments covered by this Section D to any person outside the Company unless I am requested to do so by management personnel of the Company. Moreover, I will promptly disclose in writing to the Company’s Chief Executive Officer all discoveries, developments, designs, ideas, improvements, inventions, formulas, processes, techniques, know-how, and data (whether or not patentable or registrable under copyright or similar statutes) made, conceived, reduced to practice, or learned by me (either alone or jointly with others) within six (6) months after the termination of my employment with the company (unless any such disclosure is prohibited by the terms of a commercially reasonable non-disclosure agreement signed by the Individual that is meant to protect the trade secrets and confidentiality of a subsequent employer), that are related to the business (present or future) of the Company, or which result from tasks assigned to me by the Company or from the use of facilities or equipment owned, leased, or otherwise used by the Company.
E. OWNERSHIP OF DEVELOPMENTS
1. Generally
I agree that all Developments which I make, discover, conceive, reduce to practice or develop (in whole or in part, either alone or jointly with others) during my employment and in the scope of my employment shall be the sole property of the Company as described in Section E.2 to the maximum extent permitted by law.

Real estate management software is a great friend of the managers of real properties as well as the owners of such properties. This software takes care of various records and data that are required to be preserved for the use of the owner and for management of the property. There is generalized software that serves the purpose of almost all types of property and their management. For more specialized jobs there is customized software and for even more specialization and exclusivity, there is specially developed software that is client specific.

A very natural question in this matter should be what this software does. The answer will be elaborate and to say it in one word it can be said that almost all the things that need paper and pen and more. The basic job that real estate management software does is to manage the leases and rents and other monetary matters. Some of the simple software track the dates of lease expiry or renewal and enables exporting of this data to other software platforms for further calculation and analysis. The software usually acts as a reminder calendar besides maintaining a database of important dates and even generates reminders in the required instances.

Real estate management software covers the entire process of management of the property. The software maintains a database of tenants and all things related to date of moving in, lease expiry date, the rent paid and the security deposit and even the number of times the tenant has defaulted. Accounting of all the receipts in the form of rent is maintained and also the tenant gets a copy of the statement of the rent paid by him. This helps in keeping a transparency in the system and also allows the tenants to get at a glance the expenditure he has incurred in the period on account of rent and other fees. These days the rents are being paid through bank clearance and the software in use tracks these to generate statements showing a summary of the total receipts.

Real estate management software involves taking care of the property and maintenance, whether short term or long term, is a very important part of management. The software helps in maintaining a database of the suppliers and their specialty. Once they are required the details can be easily accessed from this database. Details such as the nature of complaint, the time taken to repair or restore a service, the job done report, the payment with the break-up and also a report on the quality of the service are easily accessed from this database. Such reports help in tracking the performance of the property and help to identify the areas which need special and immediate attention.

Real estate management software is also specific to residential properties and commercial properties though software whose features are applicable to any type of property is quite common. In the software for management of residential properties there are also special software that are aimed at specific purposes like homes managing software, condo managing software, etc. Some software contains all the forms that are needed by the residents and owners of the property for making various applications and also provide for the tax calculations that often prove very complicated for the common man. To get these software one can contact any of the vendors or surf the internet until one gets a satisfactory solution to meet up the needs.



By: Kamyar Shah