MyPropMan for Property Management Companies

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What Does MyPropMan Do For You?

There are many types of property management companies in Cyprus MyPropMan is not suitable for all of them, it does not help with property management of holiday homes or long-term rentals but for companies that manage developments which have jointly owned communal areas,services and/or facilities it is 100% a must.

Each and every owner has the right to inspect the developments records or request reports, the law also states that financial reports have to be sent to all owners every quarter and without the correct infrastructure these reports and/or requests cannot be meet easily, therefore owners start to think that they are overpaying or the persons managing are overcharging or stealing development funds, and this is when many owners start withholding funds.

Within MyPropMan these reports are automated, by pressing a few buttons the system does not only produce relevant or requested reports it sends them directly to each owner (as long as an e-mail address has been supplied) or they can be downloaded for printing, in addition to these owners (using individual username & password) have the option of logging into the system to view the accounts or print any report.

No Limits To Number Of Development Under Your Management Or Units On A Development

There is no limits to the number of developments under your management or how each development is managed. Each development can be managed differently, whether as 1 cost centre or multiple cost centres. Example being – 1 of the developments under your management is a development which has 5 separate apartment blocks (or 4 apartment blocks and a number of houses), you may manage this as 1 cost centre with all the units grouped together, or 6 cost centres, 1 per apartment block, (1 for the houses) and 1 for the complexes jointly owned communal areas, services and facilities.

No one is paying for something that does not belong to them, the owners from each cost centre are responsible for their own cost centres expenditure and all units contribute towards the complex expenditure. This might sound complicated, of which it is if you are manually carrying out the calculations but with MyPropMan it is extremely easy because it does the calculations for you.

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Key Benefits

Boost efficiency!

It makes your company more efficient by saving you time and money.

Expand your business

It allows you to take on more business without increasing staffing quota

Web based application

It alleviates the need to have in-house computer equipment and software which constantly require updating or maintenance

24/7 Access

You can log into MyPropMan from anywhere in the world therefore you are not tied to the office, all you require is a computer, laptop or tablet and an internet connection

Reliability

It gives you 100% piece of mind that no information will be lost due to hard drive or other computer issues.

Law Compliance

It allows you without effort to manage developments within the guidelines of present relevant Republic Of Cyprus laws and to produce all required and relevant calculations, accounts and reports.