JNB330 | Supply Chain Management | The Real Property Management

ement, 2018a). Real Property management professional services comprise of comprehensive marketing, on-going communication and advertising, full-service leasing, cost-effective and reliability maintenance, timely rent collection, regular inspections, strict and compliant evictions, tenant screening and selection, and comprehensive accounting.    

Supply Chain Management

Managing Properties and Assets

Real Property Management Rental Direction deals in rental property management. To manage the available property the company uses SCM solution.  The company helps the property owners in finding tenants. The company has the most precise statistics to determine the finest monthly rental amount for the available property (Kreyon, 2017). The company will guide its clients in knowing what improvement they should make to attract tenants, who can take care of their home and to higher the rent. The company also organise regular inspection and move in assessments, take photographs to make sure the property of their clients will stay in good shape (Real Property Management, 2018b). 

Forecasting and planning

The rental service business requires a thoughtful analysis of supply and demand of property available with them. Handling rental property is full day business. It involves continuous work at awkward timing. Real property management planning gives a peace of mind to their customers, as the professionals of company will take care of their property without disrupting their daily life. Moreover, the planning and forecasting involve insurance, licensing, and knowledge to ensure compliance with federal, state, and local regulations (Real Property Management, 2018c).

Sourcing and Financing

For finance, the company depend on various sources like bank loan, and fee and commission received from the clients. The company help the clients by filling their vacant property and get fees from the property owner and commission from tenants. The company spends thousands of dollars every month on advertising to get property filled fast. The company monitor tenants carefully and make all efforts to find trustworthy tenants who treat client’s home as it was their own home and will pay rent on time (Real Property Management, 2018e). 

Documentation

At the time of registration, both company and client draft an agreement and said agreement is sign by both the parties. The company is very much confident about their service that is why they assure their clients by stating a 6-months guarantee point in the drafted agreement. 6-month guarantee means the company just not place tenant to collect a leasing fee but also provide guarantee to the clients that, tenant they place will remain for 6 months, if the tenant vacated the house the company will fill the property without charging any fees (Real Property Management, 2018d).   

Order management and Information management

The business of company is running on property management software, which helps the company in keeping their clients informed at every step. The steps include the clients property lent, major repairs or maintenance needed, tenant evicted, and rent collected. All information sent by software to clients by mail or message.

The personal online property management software will help the company and their client to maintain their orders. The property management software makes the work of employees easy and fast. Employees just need to put raw data into software and software generates desired reports automatically. It is also useful for those clients who are having more than one property (Real Property Management, 2018f). 

Purchase order and Client management

The property management software of the company developed to maintain automates purchase order creation, approvals, payments, performance management for clients and to maintain the data of registered clients. When the employee enters the data into software regarding the order placed by the client the software generates itself a purchase order containing all requirements, and when the deal between the tenants and the company get finalise the system automatically generate payment receipt and sent e-slip to the client

Managing location and employees

The company is a largest property management company in North America and covers 250 + locations in 46 states. To manage business at all location the company has established branch offices in different states. The branch offices are small in size and just having few numbers of employees. The work of the branch offices is just to register the clients of particular region and to give a tour of the property to the tenants. 

Project and Property Development

The company can manage all property development and maintenance through SCM system. The company is managing various properties and sites and at same time, they promise their clients to manage and keep their property safe. The company provide property development facility to their clients, the experts of company give advice to the property owner and with the help of their advice, the owner can make improvement, which will help in increasing the rent and will attract more tenants (Real Property Management, 2018i). 

Fees, pricing and other facilities

The prices charged by the company are less than the prices change by the competitors and in addition, the company is having experience of 25 years. The key factors that keep the Real Property Management Rental Direction apart from other property management companies and from their competitors are, the company will not charge any fee up front, the company is not get paid until property is filled, and the company provide 6-months guarantee lease. The company will re-lease the property without any charges, if the tenant will vacate the property before completion of 6 months and the company offers protection against unforeseen eviction costs (Real Property Management, 2018g).

Managing Compliances and clients

To manage the compliances the company developed a compliance management department, the department work 24/7 to address the compliances of the clients. The company make every efforts to keep their clients informed about their property, secure online account provide by the company keeps clients updated about their property activities like leasing, maintenance, vacancies, inspections and financial reports.

Conclusion

To conclude, the working system of Real Property Management is very effective and efficient and its supply chain is very useful in achieving customer satisfaction and gaining advantage over its competitors. The supply chain management is helpful in generating revenue for the company.

References

Kreyon. (2017). Supply Chain Management for real estate. Retrieved from: https://www.kreyonsystems.com/Blog/supply-chain-management-for-real-estate/ 

Real Property Management. (2018a). About real property management rental direction. Retrieved from: https://www.rentaldirection.com/about-us

Real Property Management. (2018b). Property Management service. Retrieved from: https://www.rentaldirection.com/property-management-services

Real Property Management. (2018c). Residential property management. Retrieved from: https://www.rentaldirection.com/residential-property-management

Real Property Management. (2018d). why use Real Property Management Rental Direction. Retrieved from: https://www.rentaldirection.com/why-real-property-management-company

Real Property Management. (2018e). Property Management fee and pricing. Retrieved from: https://www.rentaldirection.com/property-management-fees

Real Property Management. (2018f). Our property management software helps to keep you informed. Retrieved from: https://www.rentaldirection.com/property-management-software-informs

Real Property Management. (2018g). Avoid rental property hassles. Retrieved from: https://www.rentaldirection.com/avoid-rental-property-hassles

Real Property Management. (2018h). Maximize your rental property return on investment. Retrieved from: https://www.rentaldirection.com/maximize-rental-property-investment

Real Property Management. (2018i). Rely on a professional property Manager. Retrieved from: https://www.rentaldirection.com/professional-property-manager