All Housing Cooperative Management Software Features

Housing Cooperative Management Software

Housing cooperatives are organizations formed by members with primary objective of pooling resources, strengthening bargaining power, cutting cost while acquiring land or property such as housing units. Some housing cooperatives enhance in construction of houses on behalf of their members.

Functions within housing cooperatives can be summed up as

• Registration of members – KYC

Sakoly housing cooperative system allow registration of cooperative members with all their details including beneficiaries and bank details.

• Acquisition of Property/ Land

Allow registration of the supplier /Land seller

Then the system allow capture of land purchase by the housing cooperative , purchase price, LR Number, Land Size, payments made.

• Subdivision of land

Allow subdivision of main tract of land to units/plots which will be reserved and sold off to member.

• Detailing of units/ plots – plot name, LR number, Certificate number

Sakoly allow detailing, assigning plot name, LR number, Certificate number among other details for the plot.

• Assigning and Reservation of Plots to the clients

System allows the Housing cooperative or real estate Company to reserve a plot / unit for a member. In addition to reserving, plots/units can be officially assigned to a client or member after paying a down payment or any other requirements as per the organizations by laws.

• Receiving of Payments towards payment for the land / plots.

Sakoly as well allow payment processing towards the plot acquisition from the member or the client. Payments can be made from Mpesa or bank which is fully integrated with the system.

• Property Accounting

Sakoly is one of the few real estate accounting system that allow accounting based on a project or property in additional to the organization’s accounting  and financial reporting. The Real Estate Company or housing cooperative will be in position to tell income accrued from the various projects or schemes or properties as they allocate to the members.

• Financial accounting and reporting

Provide rich accounting and financial reporting data including cash book, income statements, trial balance, and balance sheet among other financial reports that may be required by the Real Estate Company or the Housing cooperative.

However, if you ever find any issue, need help, or just want to say hi, feel free to send us at email at info@sakoly.com — We will be happy to help you.