Sep 04, 2023
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Service categories
Service Lines
Software Development
IT Services
Domain focus
Real Estate
Subcategories
Software Development
Enterprise Software
IT Services
Managed IT Services
Challenge
Managing Property Acquisition and occupancy percentage of rented co-living spaces
Our client is in the Real estate business for the last 10 years and has acquired more than 100 properties and converted it into co-living spaces.
To automate the property acquisition process, they wanted a system that could manage the entire process lifecycle, including site evaluation, resource, relationship tracking, and critical document storage – all on a need-to-know basis. Furthermore, to increase the occupancy percentage they wanted to have a single view of all their rented co-living spaces.
Managing Property Acquisition and occupancy percentage of rented co-living spaces
Our client is in the Real estate business for the last 10 years and has acquired more than 100 properties and converted it into co-living spaces.
To automate the property acquisition process, they wanted a system that could manage the entire process lifecycle, including site evaluation, resource, relationship tracking, and critical document storage – all on a need-to-know basis. Furthermore, to increase the occupancy percentage they wanted to have a single view of all their rented co-living spaces.
Solution
Kizzy Consulting implemented the Salesforce for the client so that it provides:
Automation in the property acquisition process, by creating an acquisition team that includes Insurance, Renovation, Audit, and Finance to verify all the parameters before buying a property.
A single view of % occupancy of all their rented co-living spaces, by integrating all the peripheral management systems with Salesforce to pull data and get a single report on a monthly, quarterly, half-yearly, and yearly basis.
Kizzy Consulting implemented the Salesforce for the client so that it provides:
Automation in the property acquisition process, by creating an acquisition team that includes Insurance, Renovation, Audit, and Finance to verify all the parameters before buying a property.
A single view of % occupancy of all their rented co-living spaces, by integrating all the peripheral management systems with Salesforce to pull data and get a single report on a monthly, quarterly, half-yearly, and yearly basis.
Results
Efficient system and increased revenue
Kizzy Consulting’s implementation of Salesforce has been a success in the following ways:
Automation in property acquisition has reduced the risk of faulty properties being bought.
Having a clear picture of the % occupancy of the rented co-living spaces has increased their occupancy rates which resulted in higher revenue and also helped in evaluating the property’s worth.
Efficient system and increased revenue
Kizzy Consulting’s implementation of Salesforce has been a success in the following ways:
Automation in property acquisition has reduced the risk of faulty properties being bought.
Having a clear picture of the % occupancy of the rented co-living spaces has increased their occupancy rates which resulted in higher revenue and also helped in evaluating the property’s worth.