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Adil yousaf
( 5 posts )

[7 Answers]
Guide me that how much success chances are in pakistan for a rent management solution?

    712 days ago In Property Evaluation
    Post Reply
    Imtiaz
    (1845 posts)
    You need to write more what exactly the 'rent management solution' means

    is that some sort of a software/app for managing the rent?

    some agency/person that provides solution for managing the rents?
      712 days ago 

      Abdul Qayyum
      (2278 posts)
      I think Adil Sb means " property management".

      There are bodies who charge some %s and maintain property which include but not limited to:

      Electricity accessories

      Water pump and supply matters

      State taxes

      General maintenance of property

      Sending royality cheques of rental income to the owner.

      Some places, this management is expensive but places like Dubai, it is ok.
        710 days ago 

        Adil yousaf
        (5 posts)
        @abdul Qayyum , About Dubai, yes you are right. Same method is also followed here of %age in big Flat + mall projects in bigger socities. I met some too here.
          708 days ago 

          Adil yousaf
          (5 posts)
          @Imtiaz, my question was about Software, Bcoz recemtly we met some Real estate professionals for Rent management solution, they told us that it don,t have any success chances in Pakistan market, reason is they don,t want financial information disclosure.
            708 days ago 

            Imtiaz
            (1845 posts)
            Adil important question is what exactly will be the functionality/scope of the rent management solution. Just the normal app or context-aware app...?

            I am yet to see in Pakistan anyone ever saying ok, yes this software has a bright future. People dont trust or rely on software due to some old fashioned practices or approach to doing things.

            One of the co-founders of Careem is also a Pakistani guy. Someone told him this model will not work in Pakistan and he tried from Dubai and rest is a history. For software sometimes if there is no need, on has to create/enforce the needs and that is the trick to the success.

            "it don,t have any success chances in Pakistan market, reason is they don,t want financial information disclosure."

            Theoretically, Careem as as a software-based ride hailing service had much less chances, after-all who would dare to travel with a stranger to some random location under current circumstances. However, with proper business model if the need is created (24x7 Customer service, better cars and economical fares with bonuses, and ranking system), the idea sells.

            Remember in today's world the middle-man earns the most.

            - Uber is biggest car hiring/rental company without owning a Single Car

            - Amazon is biggest retailer without owning a single product

            - Air BnB is the biggest accommodation service without owning a single room.

            Whats common in all of them is being middleman driven by commission through software rather than owing the products.

            What works or not is a factor of god idea + sound business model + creating the need.
              707 days ago 

              Adil yousaf
              (5 posts)
              Thanks dear, i will then heads up and look more for better results.
                706 days ago 

                Imtiaz
                (1845 posts)
                All the best. Scope of functionality & desired features as per customer needs are the most pillars for any software-intensive solution and its success.
                  706 days ago 

                  Post Answer (7 Answers)
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