The global real estate management software industry size was valued at USD 8.98 Billion in 2017. The global real estate management software market is expected to reach USD 12.89 Billion by 2025. Currently, there are over 290 000 businesses in the property management sector only in the USA.
These days, investors in this market have become smarter and they expect sophisticated solutions such as Property management software (PMS). What is a PMS some may ask?
A property management system is software designed for property managers, owners, and operators to automate and simplify key business processes in managing properties.
The property management market is still relatively young yet very promising. Let’s look at the benefits of building a property management system:
This type of software eases the processes of accounting, reporting, and communicating. All the necessary information can be found in the owner's portal. Property management software speeds up business processes by reducing third-party tools so you can achieve better standardization of management and increase its efficiency.
Having said that, creating a reliable PMS for the short-term rentals market will be an amazing project for me to finally use and improve my skills both in programming and as an entrepreneur. The money will be used mainly for funding the many hours behind all the programming needed to create such piece of software.