There are plenty of programs available that will do a reasonably adequate job looking after the basics of a very simple portfolio. But for portfolios containing different types of property, Chronos is hard to beat.
Why have different systems for residential lettings, commercial property and/or ground rents, when Chronos can do it all?
Routine jobs, such as rent demand production, collection of arrears, letters to tenants etc, are fully automated.
The programs provide more than 100 easily accessed information screens all carefully designed to provide you with clear and concise details regarding your portfolio. A fully detailed event and transaction history is maintained which can be retained in the system for as long as may be required.
There is a full security system enabling you to set individual access rights for each member of staff and the powerful Diary Module will give you full control over property repairs, notices, repairing obligations, rent reviews, gas safety checks etc.
For those properties in your portfolio where service charges are involved the comprehensive Service Charge Module ensures that you can easily cope with even the most complicated lease provisions.
It contains extensive facilities for budgeting, reserve fund calculation, automatic calculation of tenant service charge contributions and provides for full comparison of expenditures against budget.
Chronos also has a fully integrated multi-company accounting suite which enables automatic production of accounts to balance sheet level, VAT returns, trial balances, cashbooks, bank statement reconcilliation etc.
It can calculate interest where applicable and has an extensive purchase ledger to facilitate supplier payments and provides for automatic printing of remittance advices and payments. It will operate with any number of different bank accounts and calculate VAT on rent and service charges where applicable.
The programs provide an extensive array of easily understood reports to provide full information regarding your portfolio. There is also a built in Report Generator which enables you to easily create your own reports and statements.
With many more features too numerous to mention Chronos will give you full control over your portfolio.