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Property Management

How GoSpaze saved 800 business hours by automating rent collection

GoSpaze, founded by Mr. Shinoj Nambiar, is a Real Estate Services company, offering a comprehensive range of services such as rentals, property management, co-working, and interiors. In total, the company was managing more than 500,000 sqft of real estate across its portfolio. Operating from Bangalore, GoSpaze caters to property owners, landlords, builders, and investors with an extensive portfolio of services, ensuring efficient property management and seamless operations.

Company

GoSpaze

Location

Bangalore, India

Portfolio

Property Management

Scale

1,200+ units

Challenge 1

Manual invoice and payment collection

Manual Invoicing

Being a multi-family operator, GoSpaze had to coordinate with hundreds of tenants and owners to collect payments. There was no system in place to help them streamline payment collection.

MonkSpaces.Ai Solution

Automated invoicing system

With MonkSpaces.Ai's automated invoicing in place, the GoSpaze team was able to streamline invoice generation and rent collection process. They have created more than 80,000 invoices using our accounting module since 2017.

Result

Time saved with our bulk invoicing and payment automation

800 business hours

Challenge 2

No way for Maintenance Ticket Tracking

Following up on maintenance tickets and tracking resolutions manually posed challenges. Moreover, there was no proper channel to communicate and coordinate with technicians, leading to inevitable delays in resolution.

MonkSpaces.Ai Solution

Ticketing platform for maintenance

Our ticketing platform facilitated seamless tracking of maintenance tickets through the intuitive dashboard. This helped streamline communication and promised sound resolution processes.

Result

Tickets raised

7,000+

Property Management space

Challenge 3

Manual lease renewal tracking

Lease Renewal Management

Tracking lease renewals for a considerable number of units annually was a laborious task.

MonkSpaces.Ai Solution

Automated lease renewal process

We automated the lease renewal process, sending timely notices to tenants and ensuring a hassle-free renewal workflow. Integrating a payment gateway in the GoSpaze app further streamlined rent collection, making it convenient for tenants as well.

Result

Leases automatically managed

350+

Impact at a glance

800 hrs

Business hours saved

7,000+

Maintenance tickets

80,000+

Invoices created

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