HomeMARKETSREAL ESTATEHousing Agents to Lose as Property Owners Embrace Technology

Housing Agents to Lose as Property Owners Embrace Technology

Can you imagine a situation where you don’t have to deal with a housing agent when paying rent in Kenya?

Well, if you never thought that such a time would never come, technology is moving things around shifting and disrupting the common to become unusual and outdated.

To address challenges in managing rental properties, Verus Global Systems, a Kenyan based software solutions provider, has launched an Electronic Property Management Systems (EPMAS), a software solution that will ease the process of property management in the country.

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EPMAS is an electronic management software system that adequately meets the needs of the real estate market. The web-based solution offers features like property accounting, tenant and supplier management, lease tracking, bank reconciliation, maintenance schedules, and vendor management.

Speaking during the launch, Verus Global System Chairman Ken Wathome told the real estate industry stakeholders that the system will support property managers, enabling them to take control of every aspect of their business, including rent, vacancy, maintenance cycles, finances and accounting.

“The property market in Kenya needs a tool that allows maximum functionalities, so more time can be spent on work that matters such as building and managing well designed functional properties that meet the needs of the market,” Wathome said.

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“This tool would enable entrepreneurs who lack time or expertise to maintain the properties and deal with tenants.”

The solution is also capable of generating monthly statements and exporting the rent records to integrated applications like QuickBooks and Excel.

The solutions aim at streamlining processes in the real estate and property management sector in the country, Verus Global System Managing Director Faith Kiithu.

“The Kenyan property market has grown tremendously over the years; however, the industry has been lagging behind in adopting technology. Our solution will let users access business metrics, track maintenance, and communicate with renters, owners and vendors,” Kiithu said.

The launch was attended by stakeholders in the property market and also Verus Global System Board of Directors including Carole Karuga, Julian Kyula, Okallle Makanda and Dr Gilbert Saggia.

With a centralised database, property who adopt the system will not have to use housing agents who earn a certain percentage from property earnings.

Also, read: What to Look Out For When Buying a Commercial Plot

The agents are also used as debt collectors with most having a soured relationship with renters.

By directly connecting renters to the property owners, the system could be a revolution in the sector where most rental premises owners are captive to the agencies.

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