Property management system is to be managed properties in terms of legal, commercial, technical, logistic and marketing issues. It is a web-based software type providing for that transactions of appraisal and mortgage facility being of extremely important in the loan allocation and loan disbursement of banks are carried out coordinately with real estate appraisers, law offices and other bank systems. Property management does not consider only all the legal and market economy-related operating responsibilities that the owners have to fulfill in their properties within the framework of Turkish Laws, but also all the necessary services together with its own team or business partners.
Legal Issues: Management and Operation Plans, Rental-Sales Contracts, Tax Services
Commercial Issues: Creating Annual Budget and Controlling Its Accounting, Energy and Savings Management, Reports of Cost-cutting Measures
Marketing Issues: Market Investigation, Reportings of Benchmarketing, Tenant-Buyer Research Reports, Service Quality Reports, Strategic Planning
Logistic Issues: Establishment and Management of Technical and Logistics Property Facility, Preparation of Subcontractor Purchasing Criteria and Options, Service Specifications and Contracts, Investment Decision Reportings
Property Management System
The loan process for property investment in the banks starts with the property mortgage (pledge) collaterals that the banks receive in return for the loans given to their customers. Before the loan approval, appraisal reports are automatically produced by external appraisal firms, and after the loan is approved, the bank mortgage on real estate is established by lawyers. Property management system enabling to use of Appraisal Management and Mortgage Facility Management modules together or separately accelerates the credit allocation and loan disbursement processes of banks, and provides operational efficiency in multiple and routine transactions (tax, insurance, reappraisal, etc.).
In the property investment system, the Appraisal Management Module is used in the automation of the banks’ related business process to determine whether the value of credit that banks will make their customers use loans is lower than the amount of the loan requested or not, and to find out whether on the said property there are restrictions such as further mortgage, lien, or not. The Mortgage Facility Management Module ensures that the mortgage facility functions, which are mainly fed with the data generated during the appraisal process, are carried out end-to-end through the institution's relevant unit, institution's lawyers or contracted external law firms, and in an integrated manner with the institution's systems, if the customer's loan request is approved at the end of the loan allocation stage.
