MiCasa is a software with multiple uses that can help automate your tasks. This technology selection in project management will transform how you view your real estate business. Read on to understand the diverse offerings of MiCasa. 

When you run a real estate business, it is crucial that you know the status of your properties, renovation needs and more. MiCasa can help you automate these tasks without breaking a sweat over them. No more keeping tasks for the last minute. Being an Enterprise Resource Planning (ERP) solution MiCasa will help you plan your way ahead regarding inventories. 

Tenant communication and constant property maintenance services are everyday tasks for any property manager. Well, you can streamline those tasks with MiCasa. You can automate it all from janitor and plumber services to vendor management. You can also check tenant status when managing evictions or onboarding new tenants to ease your work. 

Purchasing and onboarding new properties and units are important matters for a real estate business. The easy to use MiCasa dashboard lets you track all purchases and investments without any chance of human errors.  

Back office work like invoice filling or in-office communication can be streamlined with MiCasa. Setting up meetings or creating a workflow plan can all happen with this software solution.

Last but not least, the MiCasa software and its integration plan are highly affordable, making it a favorite among growing businesses. Integrating this software will not come as a big blow to your accounts and will help you reassign your funds to further growth plans.  

TheKriyaGo team has years of experience integrating SaaS for our real estate business partners. This has helped us understand that every real estate business has its own specific needs, and no two integration plans can be the same. We make unique and new integration plans for our customers to help them stay ahead of the competition. We individually assess and comprehend each company's business needs we work with and then propose solutions. Here are a few ways we can help you integrate MiCasa into your system and help you grow. 

We have helped many companies leverage the best software solutions and features to automate their property management plans. We access each company's market and business goals and budgets and then propose solutions based on them. We do everything from integration to customized solutions and data migration based on what your business demands. When we integrate MiCasa with our team, we will make sure you have the best adaptive tech solution in the market.  

We plan our software integration strategy based on direct customer interviews and interactions. For us, the customer comes first. We will keep everything within your budget and growth plans and solve all property management and internal work needs in the process. We will never let your real estate business suffer from repeated strategy plans. We do our individual research for every business and develop integration plans accordingly customize the solutions. Book a free consultation plan with the KriyaGo team to give us a detailed understanding of your business. It will also help you understand our work process and help you make a conscious decision. 

You need to start from scratch when it comes to accounting. You need to get a better understanding of accounting in general and the specific accounting needs of your system. 

There are an umpteen number of mistakes that businesses commit along the way. Though these are very gross mistakes and seem negligible to the naked eye, they make up a very faulty system. So, how do you not let accounting become a big issue? What signs should you look out for? Here are the most common mistakes that real estate businesses make in their accounting process. Read on to know in detail. 

The pandemic has negatively impacted more than 47% of small businesses in some way or the other. Do not let vendors and customers drag you down even more. It is true that many people are not able to pay up on time and that has made businesses give their loyal customers more flexible credit terms. But is this setting up your business for further cash problems? 

Credit terms or scheduled due dates are based on different factors like long-term clients, personal relations, payment history, etc. Though this might help you build a great rapport with the customer, it will gravely impact your cash in hand. Giving out long drawn credit options can be a major roadblock. You need to make some standardized guidelines for credit return and invoice payments to handle this. You can even employ a revenue collection partner who will automate the collection system to avoid further feud.  

Internal audits for your accounts department and is extremely important to ensure good health. This will eventually help in better budgeting and forecasting for the business. In an in-depth internal Accounts Receivable audit you will understand where your business stands. How much money it has in hand to work on your growth plans or how deep you are in bad depth. You need to get these data and analyse things like turnover, payments, collection times, credit times, etc. Not all will you know your business inside out post this audit, you will also know which areas need more focus. Knowing the pressure points in your business will help you make a scalable plan for your way forward. 

The coronavirus changed many business processes and working conditions. However, most of the focus remained on the client-side teams that deal with customer interaction. 

Yet, the back office is a vital foundation that impacts the overall productivity of the company. This department handles crucial processes that support the day-to-day operations. 

The employees in the back office also work in moderate close physical proximity. Therefore, the risks of spreading the virus were ever-present. 

As a result, companies were forced to allow employees to work from home. Additionally, a team of few people visited the office occasionally to manage the paper processes. 

Somehow, businesses were able to perform back office duties without giving it a hard thought. 

Back office accounting in any industry involves dealing with a lot of data. Unfortunately, real estate agencies are still using paper processes or spreadsheets for the process. 

As a result, they have to deal with huge volumes of manual data entry that take a painstakingly long time. 

In addition, manual data entry leads to errors. Research shows the probability of human error is 18% to 40% while recording data into a simple spreadsheet. 

For complex data spreadsheets, the probability jumps to 100%. 

It is not easy to rule out manual data entry so easily. However, brokers should make an effort to automate as much of the process as possible. 

For example, integrating your existing tools can be an excellent way to automate data entry. You can capture invoices from your property management tool and have the data recorded in your accounting software automatically. 

The process saves time and improves data accuracy. Additionally, you can look forward to a boost in productivity. 

Hiccups in software systems are inevitable, but it can be frustrating if there is no proper maintenance. With legacy software and a lack of adequate management, keeping the company's financial data can get all the more difficult.  

Or it may be due to other underlying problems too. Whatever may be the issue, here are some of the most common property accounting challenges and the ways to solve them: 

A good real estate business relies on effective financial management. Along with generating profit, it is also essential to plan and utilize cost-effective strategies that facilitate business growth.  

Cost-cutting is the top priority of 59% of real estate companies that outsource their tasks. For a business that is restricted in terms of space and money, outsourcing can be the ideal way to afford additional staff. 

Irrespective of the size of your company, you can outsource your tasks. Service providers also offer various packages for different budgets. Depending on your needs, you can hire them on a per-project basis or monthly basis. They are also reliable if you need more staff to handle your work. The cost flexibility that comes with real estate outsourcing is something you cannot get with an internal team.  

Outsourcing can greatly improve the productivity of your business. Knowing which tasks can be outsourced can make this process easier. Hiring internal staff for non-core tasks such as accounting can be expensive. Outsourcing provides you with the required expertise without the additional costs of training a new employee.  

Based on business requirements, you can hire an outsourcing service on a monthly basis or also on a per-project basis. Some of the most outsourced property management tasks are: 

As a property manager, you are well aware of the complications involved in CAM reconciliations. By outsourcing CAM reconciliations, you let experts calculate and manage the annual CAM reports. They can also resolve any irregularities which help you maintain your company’s financial health.  

Every real estate business deals with long, complicated leases. Lease abstraction is the summary of your lease which highlights the most important clauses. Hiring an outsourcing service to manage your leases can help ease the legal documents for your tenants. Outsourcing partners can also provide other benefits like multilingual abstracts and lease audits.  

After understanding your business goals, you need to find an outsourcing partner that suits your requirements. While looking for a service provider, price isn’t the only factor you should consider. Finding a provider within your budget is important, but more than that, other factors to consider are: 

Look for service providers that specialize in or have previous experience in your industry. If your portfolio is residential real estate, then look for partners who deal with the same. Apart from this, you will also want your service provider to be a tech expert. Do they have the latest technology? Are their tools compatible with your business goals? These are some of the questions to ask before hiring a service provider. 

Today, more companies are outsourcing their accounting and bookkeeping services. And that’s because they find it more convenient and cost-effective.