Managing Digital Records in Real Estate

Majority of Property Managers and Developers in Africa use manual ways of record keeping and payment reconciliation.

Without a thorough, documented records management strategy, stakeholders can experience miscommunication and data loss. Digital technology can play a key role in helping solve land and property management problems, especially in Africa, and improve overall efficiency.

In this week’s Deep Dive, we highlight 3 African technology startups building the future of property management.

Source: UN

HouseAfrica is a Nigerian blockchain-based digital land registry. The company is revolutionizing how real estate stakeholders in diverse industries access and manage actionable information on properties across Africa with an innovative digital registry for property verification.

Founded in 2020 by Ndifreke Ikokpu and Nnamdi Uba, HouseAfrica helps stakeholders in diverse industries to verify properties, ascertain a property’s location and build trust and efficiency by digitizing transactions.

As a result, consumers avoid getting blindsided and evade property fraud due to forgery and duplicate allocations.

Kiotapay is a cloud-based end-to-end property management and services platform that automates tasks and processes for property owners and creates access to goods and services for tenants.

The platform has an intuitive dashboard for property management, and other features such as advanced reporting, and real-time messaging.

Venco is an all-in-one community management solution for multi-unit residential and commercial communities to manage their Apartment Blocks, Gated Community, Estate, Office Building, Shopping Complex, Mall, etc.

The platform enables residents to make online bill & utility payments, receive immediate value for payments, vend energy anytime and anywhere, book-in visitors securely hassle-free, download electronic statements and utility bills; report and track issues right from the app.

Their facility management tool for community administrators can be used to streamline processes in their communities such as automating collections & reconciliations, implementing revenue assurance measures, communicating with residents, tracking issues, and generating tonnes of reports that provide information on how well the community is running – all from their mobile phone.

By Lucy Kinyua, Fintech Analyst