Tag: Property Management

  • Who Is the Largest Landowner in India After the Indian Government?

    Land ownership is a significant aspect of any country’s economy, and India is no exception. When it comes to land ownership in India, the Indian Government holds the largest share, as reported by Hindustan Times in 2017. However, an intriguing fact is that after the government, it is the Catholic Church of India, not the expected real estate moguls or industrialists, that owns the most land in the country. As a conglomerate of Christian trusts and charitable societies, the Church has a vast network, including bishops, priests, brothers, and sisters devoted to spreading the message of Christianity.

    In this article, we will explore the value of the land owned by the Catholic Church and delve into how they have amassed such extensive holdings throughout history. Additionally, we will address the various issues and considerations surrounding their land ownership. Join us as we uncover the fascinating aspects of this topic.

    Who Is the Largest Landowner in India?
    How Did They Manage to Amass These Lands?
    Issues Faced by the Catholic Church in India Regarding Ownership

    Who Is the Largest Landowner in India?

    The Catholic Church of India - Biggest Landowner in India after the government
    The Catholic Church of India – Biggest Landowner in India after the government

    The Catholic Church of India holds the distinction of being the largest non-agricultural landowner after the government. With numerous properties across the country, its total valuation amounts to a significant sum, approximately equivalent to India’s navy budget at that time (approximately 20,000 crore rupees). Additionally, the Catholic Church of India stands as one of the largest non-government employers in the country.

    This can be seen by the fact that the Catholic Church of India owns many properties spread across various parts of the country, be it Goa on the western side of India or, say, Kohima in Northeast India. The Catholic Church in India is governed by the Catholic Bishops’ Conference of India (CBCI) and is led globally by Pope Francis, the most influential Christian religious figure. As per a 2012 The Telegraph-Calcutta report, they have around 2457 hospital dispensaries, 240 medical or nursing colleges, 28 general colleges, 5 engineering colleges, 3765 secondary schools, 7319 primary schools, schools and 3187 nursery schools throughout India. It is the second largest owner of land in India after the Indian Government.

    They have also made forays into agricultural land. For example, in 2009, they acquired a plantation worth 123 crore rupees in Kerala.


    Top 10 Landowners in India
    Discover the largest landowners in India, including prominent individuals and influential entities that own vast tracts of land across the country.


    How Did They Manage to Amass These Lands?

    Velankanni Church in Tamil Nadu
    Velankanni Church in Tamil Nadu

    This is mainly through the Indian Churches Act of 1927, established by the British dominion back then. The British dominion leased the lands they had captured due to their various wars at cheap rates to help them spread Christianity to the masses. Through this, they managed to acquire land throughout India and opened various institutions, be it religious institutions, as mentioned above, to spread their message to the masses. The legality of the land is still debated.

    One specific tactic that is noticed in the land owned by the Catholic Church of India is while they do have land spread across various cities, they also tend to own religious institutions in small villages, and soon these institutions themselves become an epicentre, a revolving point around which the whole village operates, either directly or indirectly through say the hospitality business, travels or so on.

    A good example of this is the Velankanni Church in Tamil Nadu, about 150 km from Tiruchirapalli and 310 km from Chennai. While the small village is just around 5.5 square km, the whole village is dependent on a large church built specifically for Mother Mary, who gave birth to Jesus.

    This church has been one of the major reasons for the development of Velankanni as a whole, especially as a tourist destination. This theme can also be found in other parts of India, such as Andhra Pradesh and Chhattisgarh.

    Goa is a unique case altogether, considering it was a part of Portugal until 1961. The Portuguese gave them a lot of liberty to the Catholic Church as early as the 1500s, for example. One of the first Jesuit schools in India was established in 1542 at Goa by the name of St. Paul’s College. While it was stopped due to the 1578 plague, its ruins are still considered of paramount archaeological importance.

    Issues Faced by the Catholic Church in India Regarding Ownership

    Eduardo Faleiro
    Eduardo Faleiro

    The ownership of land assets by the Catholic Church in India has been a subject of scrutiny and contention, giving rise to several issues. One major concern is the legality of the Church’s land holdings. While the Government of India issued a circular in 1965 stating that leases granted by the British government would not be considered valid, there has been a lack of consistent enforcement of this directive.

    The lack of transparency surrounding the ownership of Church properties has also been a subject of concern within the Catholic community. Prominent Catholic politician Eduardo Faleiro has emphasized the need for a separate law governing Church properties and greater transparency in managing these assets. This highlights the ongoing discussions and efforts to address the transparency and legal aspects of Church property management.

    He strongly emphasized that he believes that “The Church is not a symbol of power but service, and democratic laws must apply to it equally”.

    The Catholic Church in India has also faced allegations of involvement in land scams. One notable incident occurred in 2018 when authorities from the Syro-Malabar Catholic Church, a specific sect within the Catholic Church in India based in Kerala, were accused of being engaged in transactions involving unaccounted or black money. Such cases have raised concerns about financial impropriety and the need for stricter measures to prevent fraudulent practices.

    Additionally, the sheer scale of the Church’s land ownership has raised questions about its social and economic implications. The Catholic Church of India is considered one of the largest non-government landowners, and the total valuation of its land assets is estimated to be equivalent to substantial sums of money. This concentration of land resources has prompted discussions on equitable distribution and the potential impact on local communities and development projects.

    The complex issues surrounding land ownership and management within the Catholic Church in India highlight the need for greater transparency, adherence to legal frameworks, and ethical practices. Efforts to address these challenges may involve implementing stronger regulations, promoting accountability, and ensuring fair and equitable utilization of land resources.

    Top 10 Landowners in the World

    Conclusion

    This article provides an overview of the Catholic Church of India’s status as the biggest landowner in India after the government. It explores the historical factors contributing to this ownership and sheds light on the legal and transparency concerns surrounding their land assets.


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    FAQs

    Who are the prominent landowners in India, apart from the government?

    Some prominent landowners in India, apart from the government, include:

    1. Catholic Church of India
    2. Indian Railways
    3. Indian Armed Forces
    4. Waqf board Property
    5. State Governments
    6. Corporate entities and industrialists
    7. Agricultural and farming communities
    8. Non-governmental organizations (NGOs) and trusts

    Who owns most land in India after the government?

    The Catholic Church of India is the largest landowner in India after the government. It owns roughly around 20,000 crore to 50,000 crore rupees of land.

    Who is the largest landowner in the world?

    Roman Catholic Church is the largest landowner in the world; it owns around 70 million hectares of land.

    How did the Catholic Church of India become one of the largest landowners in the country?

    The Catholic Church of India acquired land over many years through various means, including donations, purchases, and historical leases.

    How does the Catholic Church of India acquire and manage its land assets?

    The Catholic Church of India acquires land through donations, purchases, and historical leases. The management of its land assets is overseen by various trusts, societies, and church authorities.

    Yes, there have been legal and regulatory challenges regarding the ownership of land by the Catholic Church, including disputes over ownership, leases, and the validity of historical agreements.

    Who is the second largest property owner in India?

    Armed Forces are the second largest landowners in India.

    Who is the third largest owner of land in India?

    Waqf boards are the third largest landowners in India.

    How much property is owned by the Waqf Board?

    As of December 2022, the total number of Waqf immovable properties entered on the WAMSI portal is 8,65,646. Additionally, 3,53,850 Waqf properties have been mapped using GIS (Geographic Information System) technology.

  • Ownex – Simplifying Property Rentals Both for Owners and Tenants

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Ownex.

    Real estate market is fastly growing market. The market size of Real estate industry in India is expected to reach US$ 1 trillion by 2030. With the growth in market size, startups are coming up with real estate services to find solutions for different requirements of property services. Rental platforms are also growing subsequently. Owners and Tenants both need services for managing and finding properties respectively.

    Ownex is a Real Estate service provider that provides tech-enabled real estate rental platform for owners and tenants to get benefitted from. Read to know about Ownex, founders, services, and the startup story.

    Ownex – Company Highlights

    Startup Name Ownex
    Headquarters Mumbai
    Industry Real Estate
    Founder Mohd. Sajid, Muhammed Ali, and Pratik Mishra
    Founded 2022
    Website ownex.in

    Ownex – About
    Ownex – Vision
    Ownex – Core Belief
    Ownex – Industry
    Ownex – Founder and Team
    Ownex – The Idea and Startup Story
    Ownex – Service
    Ownex – USP
    Ownex – Name, Tagline, and Logo
    Ownex – Business Model and Revenue Model
    Ownex – Customer Acquisition
    Ownex – Challenges Faced
    Ownex – Marketing
    Ownex – Growth
    Ownex – Funding
    Ownex – Tools Used in the Company
    Ownex – Competitors
    Ownex – Future Plans

    Ownex – About

    About Ownex
    About Ownex

    Ownex is Mumbai’s 1st tech-enabled real estate rental platform that offers 15 Days Renting Guarantee along with free tenant replacement and complimentary property management solutions that help you maximize the worth of your home and enhance the quality of your lifestyle.

    They are an end-to-end tech-enabled real estate Property management solution. They manage residential rental properties. Get the best rent, expert maintenance and take care of tenant hassles throughout the life cycle of the agreement.

    They currently serve in Mumbai.

    Ownex Provide 2 set of service to their clients:

    1. Property management package for flat owner
    2. House finding package for tenant

    Ownex – Vision

    Ownex Handles Landlords Concerns about Tenants
    Ownex Handles Landlords Concerns about Tenants

    Company short term vision is to serve 400+ Clients and take 200+ Paid property under Management by April 2023.

    Ownex Vision is to make the average turn around time of tenant finding/property renting to 7 days and to onboard 10k paid property under management.

    Ownex – Core Belief

    They believe in solving the real issue in real estate rental transaction like:

    • Rental loss
    • Tenant replacement charges
    • Delay in renting
    • High brokerage

    Ownex – Industry

    Real estate sector in India is expected to reach a market size of US$ 1 trillion by 2030 (Sources: ibef.org).

    Ownex aim at capturing a big opportunity in the O2O (offline to online) real estate services market.

    In India, about $32 billion (about Rs 2.27 lakh crore) of rent transactions take place annually and the brokerage opportunity of $3 billion (about Rs 21,300 crore) is expected to grow further as more consumers are inclining towards shared economy from asset ownership models. (Sources: Knightfrank.Com)

    Over 20 lakh houses in 12 Indian cities, including 5 lakh in MMR alone, are lying vacant because landlords are reluctant to let them out. Low rentals amounting to barely 2-5% of the flat cost, high transaction costs, brokerage and stamp duty are among the reasons, said a report released on Tuesday. (Sources: Royal Institution of Chartered Surveyors (RICS)).

    Mumbai has a large number of empty flats due to the following reasons:

    • Unsold stock of tier II builder flats (currently with the Builder)
    • Unsold stock of investment (currently with the Investor)
    • Vacant flats that the owner do not want to put on rent
    • Vacant flats that does not go on rent (variety of reasons: high rent/land lord issues/society issues, etc.)

    Ownex – Founder and Team

    Mohd. Sajid, Muhammed Ali, and Pratik Mishra - Founders of Ownex
    Pratik Mishra, Mohd. Sajid, and Muhammed Ali – Founders of Ownex

    Mohd. Sajid, Muhammed Ali, and Pratik Mishra are the founders of Ownex.

    They are a trio of Sr Manager, Manager and Associate. Whenever they got time they always discussed about the current and possible  upcoming challenges in this industry and the possible overcome they can suggest.

    They always discuss about the wrong move by few startups in this domain.

    There is one thing common in all 3 of them and that is the love towards the real estate industry.

    Mohd. Sajid: Co -founder and CEO

    Sajid has completed MBA in Marketing from SIBM and has 6 years of exxperience as senior manager in square yards and PMS vertical, Worked with company like Accenture, and MRF. He is a Visionary. His key skills includes Leadership, Marketing, Problem Solving, and Budget Management.

    Mohd Sajid take cares of all operations, Marketing and Business development, technology.

    Pratik Mishra: Co- founder and CCO

    Pratik Mishra handle  Field Sales and Supply addition.

    He has a Bachelors degree in Commerce from KJ Somaiya and an experience of 10 years in Business Development. He earlier worked with companies like Azuro, NJ Relocations, Exide Life Insurance. He is well versed in skills like Resilience, Active Listening, Rapport Building, and sales.

    Muhammed Ali: Co-founder and CFO

    Mohd Ali handles finance and Corporate. He is responsible for developer tie ups.

    He is a bachelors in Commerce with 8 years of experience in Business Development. He worked with companies CredR, Azuro, Justahome and few real estate developer. His key skills include Business Development, Collaboration, Negotiation & Persuasion.


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    Ownex – The Idea and Startup Story

    All the three founders being in the same industry for a very long time and worked on each level of this domain so they observed many startup has came to structure the real estate rental market but failed to do so and the reason they observed  are:

    • The solutions are not matching with the problems which are exist in the market
    • They never understand what clients need and expect from the startup
    • They are unable to tackle the local brokers
    • Their service level are not upto the marked

    They have observed the 3 major things which market needed very badly

    • They want to rent out their flat asap and don’t want Loss to their rental.
    • They don’t want to pay a replacement fee to the broker
    • Since tenant are moving very frequently, they don’t want to pay 1 month’s rent as brokerage especially without any add-on services.

    They have been researching on these issue for the last 3 year and they have interacted with more than 1000 flat owners and 500+ tenants.

    They Interviewed them and understand their pain point along with that they worked from the ground level i.e Field sales associate Till Regional Head in this industry so feel the pain of owner and tenant as well.

    Initially they talked about their solution with their old set of customers and NRI Clients and tell them what if someone provides these specific solutions to you and the response was very positive.

    Then they decided to Launch their Prototype in a specific location of Powai Hiranandani because Hiranandani projects has maximum number of high end investors and the response was awesome.

    Ownex Logo
    Ownex Logo

    Their Logo Reflect a Cut in a Circle which means Ownex assist its client to get relief and come out from their traditional way of renting and property management.

    Real estate is all about home and people always trust when they feel Apanapan because its about ghar. They chose the name ownex to give the feeling of Apna pan.

    Their tagline is “Simplifying property rentals”.

    Their tagline reflects their intention to make the process of rental transactions as simple as they deserve.

    Ownex – Service

    Ownex Services
    Ownex Services

    A flat owner can simple Sign up with Ownex through a E Service agreement if they have a requirement of tenant finding/ Property management service.

    Their PMS package includes:

    15 Days Renting Guarantee

    • Flat Service Fee of 25k
    • Free Tenant Replacement
    • Fair Market Rental
    • Background Checks of tenant
    • Legal Paperwork
    • Follow up on Rent Collection
    • Move in/Move out Audit with report
    • Furnishing Assistance
    • Monthly Rent and Deposit Collection
    • Handle Maintenance Call
    • Any Other Logistical Help
    • 24*7 Dedicated Property Manager

    A tenant can Simply Sign up with Ownex through a simple WhatsApp message.

    Their House finding Package include:

    • Curated Options
    • Pre-inspected flat
    • On Time Possession
    • Fair Market Rental
    • Dedicated RM Till Handover
    • Guided Site Visits
    • Fully Assisted Move in with report
    • Fully Assisted Move out with report
    • Free Maintenance Support
    • Flat service Fee of 25k
    • Deposit Refund Assistance with
    • Move-in and Move-out Report
    • Single POC

    Ownex – USP

    USP of Ownex services are:

    • No Brokerage just a Flat service Fee of 25k
    • Unlimited Free Tenant Replacement
    • 15 Days Renting Guarantee*
    • Complementary PMS
    • Experienced Team
    • Technology Advantage

    Ownex – Business Model and Revenue Model

    Ownex earns its revenue from various means which are:

    • They charge service fee from flat owner and tenant 25k each
    • They take a flat 2k commission on  each Leave and license registration from their registered vendors
    • They take 10% referral commission from fit-out and furniture vendors
    • They take 10% referral commission from their partnered packers and movers

    Ownex is a profitable startup.

    Ownex – Customer Acquisition

    Ownex acquired most of its customer through Google Ad, referral, and Social Media (LinkedIn, Facebook), and ¼ through real estate portals.

    Their Planned marketing Funda involves:

    Ownex – Challenges Faced

    Most Challenging part is to convinced the high end investor that their curated solutions will solve your problem since there are many firms and brokers who broke the trust of that investors.

    Their results reflect that they have overcome from these issue and still hustling.

    Ownex – Marketing

    Their free tenant replacement strategy give them daily 2-3 enquiry through organic marketing only.

    Ownex – Growth

    In just 90 days of Operation Ownex Achieved

    • 14 Lac+ Revenue
    • Completed  105+ Site Visit out of it 40℅ Are Virtual
    • Onboarded 30+ Paid Clients
    • Served 40+ Clients
    • Did Strategy Alliance with 1 Real estate Developer
    • Recognized By DPIIT
    • 5 Star Review on Google
    • 1 office in Mumbai

    They will be hitting 1 crore of revenue and  200+ paid properties under Management by April 2023.


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    Ownex – Funding

    Ownex is a bootstrapped startup. It has not received any funding yet.

    Ownex – Tools Used in the Company

    Some of the tools they use in the company are:

    • PMS Dashboard for flat owner
    • One Tap Service request raise feature for tenant
    • Ownex Prop to know last rental history

    Ownex – Competitors

    Local brokers is a tough competitor of Ownex.

    Ownex – Future Plans

    Ownex has future plans that includes:

    1. Corporate Tie ups with MNCs
    2. Developer Tie ups with Tier I and II Real estate developers
    3. Relocation Tie ups

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    FAQs

    Who is the founder of Ownex?

    Mohd. Sajid, Muhammed Ali, and Pratik Mishra are the founders of Ownex.

    When was Ownex founded?

    Ownex was founded in 2022.

    What are the services offered by Ownex?

    Ownex provide 2 set of services to their clients:

    1. Property management package for flat owner
    2. House finding package for tenant
  • Things To Check While Hiring A Real Estate Freelancer

    The market today has created a lot of opportunities not only for the pharmaceutical sector or the agricultural sector but the real estate sectors too have emerged and are booming in the market. In a country like India that ranks 5th highest GDP nation in the world, the real estate sector is contributing around 6-7% of the total GDP.

    Not only the numbers are impressive but the market size of real estate is shocking. It is expected that by the year 2030 the market size of the real estate sector will increase up to $1trillion. By the year 2025, this sector will already be contributing 13% of the country’s GDP.

    Real estate freelancers have a job that seems quite comfortable as they have flexible working hours. However, when businesses like the real estate sectors are booming freelancers not only enjoy the benefits of the growing market but there is an ultimate level of satisfaction for being a part of major achievements. But, what are the things that you should look for in a real estate freelancer?

    About Real Estate Freelancer
    Things to look for in a Real Estate Freelancer

    Conclusion
    FAQs

    Things to know in hiring Freelancers

    About Real Estate Freelancer

    about real estate freelancer
    About Real Estate Freelancer

    Is a real estate freelancer a person, job post, or agent? Well, a real estate freelancer can also be called or known as a real estate agent or freelance property agent. These people help its clients look for both commercial and as well as residential property for both selling and purchasing purposes.

    Real estate freelancers’ responsibilities include listing homes or properties for sale on behalf of the clients. The job of real estate freelancers might seem easy but not all can easily get into such jobs. Real estate freelancers not only concentrate on one type of skill but there are more things to look at.

    Real Estate Freelancer’s Reviews and Ratings

    Reviews and ratings will give an overall idea about the qualities present in the real estate freelancer. High ratings and reviews will provide information about the things that they are good at. Reviews and ratings help give you some trust about the freelancer that he can do well if you hire him for the job.

    Reviews and ratings not only help when you are hiring someone but whenever you purchase a product online you look at them so that you know about its good and bad. High ratings reflect a good image of the real estate freelancer that you are in contact with. Look for ratings and reviews that are negative because those will create a warning image of the freelancer before you hire them.

    Real Estate Freelancer’s Communication Skills

    Real estate freelancers must possess good command over any language that they are most comfortable with. Communication is the key to unlock income pathways especially when it is a real estate freelancing job. Real estate agents are the ones working with the clients and customers directly and they should persuade buyers by getting them the best deal.

    Look for communication skills before considering a freelancer because the power of words can benefit you and your company. Long time to respond; not knowing what to say and other such kinds of things will only create a setback for you.


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    Real Estate Freelancer should stay motivated to work

    Motivation to work is not only required in the real-estate business but they play a crucial role in every other industry too. A real estate freelancer should be motivated to work by showing his interest in his work and achieving certain goals at a certain period.

    You do not want someone who is least interested and is not bothered about what is happening around you. This is one of the major things that you need to look at in a real estate freelancer. If the freelancer shows his interest in work more than money then it should be a good indication.


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    Real Estate Freelancer should be More focused details

    You want to look for a freelancer who is not only highly motivated but who shows progress by showing positive results. A freelancer should be intelligent by gathering and knowing what needs to be known so that clients are impressed with them.

    Details are important and it is also important to keep them in mind. Not everyone has a sharp mind. Find out ways to check whether the freelancer has this skill or not. Try to find out a way where the freelancer is paying attention to every detail because this will benefit greatly.

    Real Estate Freelancer should be competent to meet a deadline

    If a real estate freelancer has given you a completion deadline for a particular project/work then you should feel impressed. This is because the freelancer is confident in his work and will make sure that the work is completed within the mentioned deadline.

    This shows that he is competent and you should consider this kind of attitude in a real estate freelancer. Most people face the problem of incomplete work and work not being done efficiently. It is time for you to make the right call because if you find these qualities in a freelancer then consider them.

    Conclusion

    It is not only about leading but sometimes one has to follow directions too. A real estate agent is difficult to find having the right qualities.

    FAQs

    How to choose the ideal freelancer?

    First, make a checklist of the things that you are looking for and then find the most suitable freelancer. Also, there are real estate agents that you can contact online and compare them as well.

    How to become a freelance real estate agent?

    To become a freelance real estate agent you need to have a license. Licensing is a process where you have to be an undergoing approved education course and pass an exam.

    What Does a Freelance Real Estate Agent Do?

    A freelance real estate agent sells and purchases property on behalf of clients. They list the client homes or property for sale, show the property to prospective buyers, and negotiate the price for a property deal.

  • Story of JumboTiger: New-age Property Management Software

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by JumboTiger.

    Founded by Mayank Pokharna and Subbu Athikunte, JumboTiger is a real-time, collaborative, configurable, new-age property management software that brings multiple features from different apps and software into one platform and contextualizes it for property management of the future. The product developed by JumboTiger is set to go live on 1st Sept 2021 for public use, hurry up to its website & sign up for early access!

    Meanwhile, tag along and read the story behind the ideation of JumboTiger, it is something you can’t miss! Know How JumboTiger came into being, its features, business model, future plans & more. StartupTalky interviewed Mr. Mayank Pokharna to get insights on the journey & growth plans of JumboTiger.  

    JumboTiger – Company Highlights

    Startup Name JumboTiger
    Founders Mayank Pokharna, Subbu Athikunte
    Headquarters Bangalore
    Founded 2020
    Industry Proptech, Property Management Software
    Website jumbotiger.com

    About JumboTiger
    Founders Shift from SimplyGuest to JumboTiger
    Ideation Journey & Launch of JumboTiger
    JumboTiger – Founders and Team
    How JumboTiger Works?
    JumboTiger – Business Model and Revenue Model
    JumboTiger – Funding
    JumboTiger – Future Plans
    JumboTiger – FAQs

    About JumboTiger

    JumboTiger is built on real-time technology (Elixir and Erlang), which opens a lot of different possibilities for the field of property management like easy IoT integrations, better collaborations, live staff management, etc. thus, bringing the physical world operations closer to the digital software world, which is the need of the hour.

    JumboTiger also brings in many features from different apps and puts it right at the core of property management software like inspections, communication, community apps, etc. This expands the whole property management system horizon and enables deeper insights and better control for any operator and property manager.

    Founders Shift from SimplyGuest to JumboTiger

    Mayank & team started SimplyGuest as a shared living business in 2015 with a wide variety of portfolio properties: student housing, housing societies, condos, coliving, hostels, single-family, multi-family, and purpose-built accommodation. SimplyGuest started with the idea of aggregating shared living spaces. They realized huge gaps and created a service solution with the intersection of apartment rentals and paying guest facilities, which later became coliving. They were doing close to $1mn in yearly gross revenue and were bootstrapped. But with the pandemic, a different set of challenges came for an operationally heavy business like SimplyGuest.

    The occupancy started falling as people were moving to their hometowns. The homeowners were not ready to part with any revenues; they were on a master lease model and had to slowly give away possession of the properties to keep SimplyGuest alive. They still kept it running throughout 2020 in the hope that the pandemic will be over soon, that didn’t! While this was happening, Subbu and Mayank started toying with different ideas on making this business work.

    During the same time, a building owner reached out to them after reading blog.simplyguest.com, where Subbu used to write about the technology they had been building for the last 5 years of running SimplyGuest. In addition, he used to write in-depth analyses on how the future of living is service and technology-driven. Finally, the owner asked Mayank & Subbu for the software they had built; this was their eureka moment.

    Mayank & Subbu started exploring the gaps in property management and coliving software domain in the mid of 2020 and looked at the USA, Europe, and UK markets. They spoke to about 70 different property management and coliving operators from across the world. All the existing software was built on older tech stacks; the market’s needs had been changing in recent years, and with a lot of newer technologies at disposal, there was a need to overhaul the property management software space, and thus, JumboTiger came into being.

    It took them around 6 months to build the MVP, and they did a live launch of the beta product on 16th February, which 220 people from 30 different countries attended. Mayank & Subbu showed everyone what the future of property management software would look like. The initial response to the product has been great, and since then, they are working with 7 different customers in beta and developing the product, which is going live for public use on 1st Sept 2021.

    The revenues funded the initial development of JumboTiger they were generating from SimplyGuest; they decided to keep it bootstrapped. However, Mayank & Subbu had a couple of funding opportunities. Property management is one of the oldest professions, and real estate is one of the biggest asset classes with a value of more than 1.4tn dollars, but still, it’s one of the laggards in terms of technology usage. The team believes that it will require patience to get people used to the newer technologies right from the start of their business cycle. Hence, remaining bootstrapped was a conscious choice to keep developing a product with depth.

    “Real estate technology is behind the curve when it comes to property management. However, with the new technologies available, we can change and enhance property management; JumboTiger is our take on that. It brings together real-time tech, collaboration, different feature sets, etc., to make property management more efficient” says Mayank


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    Ideation Journey & Launch of JumboTiger

    With SimplyGuest, they were a mid-sized property management firm handling shared living, coliving, student housing, and single-family properties. While Mayank & Subbu were doing that, they searched for a software platform that could help them manage these different asset classes under one roof. After researching for more than a year in 2016, they started building something of their own based on-ground experience and business problems.

    SimplyGuest provided with all the practical use-case, which started taking the shape of features, ultimately turning into a full-fledged property management software. But till 2020, they were the only user of the tech they had built. It changed everything when a landlord asked if he could use what they have built to manage his space.

    This was their eureka moment. This pushed Mayank & Subbu to explore and study the gaps in the property management software domain across different markets. They did 6 months of research and found out that the technology they had been developing solves a much larger use case and can be used by property management companies and coliving operators across different geographies.

    They then kept on developing what took the shape of JumboTiger with the 16th Feb 2021 beta launch, where 220 people attended it from 30 different countries. They launched beta with 7 people from different geographies to build a geography agnostic configurable product. JumboTiger has more than 50 people on its early access waitlist waiting to use the product, which is launching for the public on 1st Sept 2021. It’s a real-time, collaborative, configurable, new-age property management software that brings multiple features from different apps and software into one platform and contextualizes it for property management of the future.


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    JumboTiger – Founders and Team

    Mayank Pokharna and Subbu Athikunte are the founders of JumboTiger.

    JumboTiger & SimplyGuest Founders and Team

    Mayank was the 5th customer of SimplyGuest in 2015 and started helping out Subbu in sales and marketing. This lasted for about two years till 2017 when Mayank joined SimplyGuest full-time as a co-founder. Both of them scaled SimplyGuest to about 500 tenants and a $1mn in gross revenues. The same team founded JumboTiger. They hired few interns at the start, and one of them is now the full-time employee taking care of all things development with Subbu. The team is building JumboTiger on erlang and Elixir, and hence finding initial resources was a challenge.

    Mayank Pokharna | Co-founder, JumboTiger & SimplyGuest

    Mayank, 31, did his engineering, followed by an MBA from Nirma, Ahmedabad. He worked with high-growth startups such as Practo and Cuemath before joining SimplyGuest full-time. He single-handedly maintained occupancy of 98% at SimplyGuest and take care of sales, marketing, brand, and everything business at JumboTiger

    Subbu Athikunte | Co-founder, JumboTiger & SimplyGuest

    Subbu, 43, is a software engineer. He worked on distributed systems, databases, analytics, and UI at Apigee. He designed some key analytics infrastructure. Google acquired Apigee. He has more than 20 years of experience in tech and takes care of all things product and engineering at JumboTiger.

    Ritvik | Software Developer,JumboTiger

    Ritvik, 23, started as a JavaScript programmer with JumboTiger as an intern while still in college. Now his hands run deep across the product stack and take care of all the developmental work.

    How JumboTiger Works?

    Anyone with a residential rental portfolio can come to the jumbotiger.com website, sign up and create an account. You will be redirected to set up your account and configure it to suit your business operations. The software comes with sensible defaults, and you can select the country to load all defaults and then change it as per your requirements.

    Jumbo PMS financial

    Some of the functionalities in the JumboTiger property management system are –

    Marketing/ Sales

    • Generate SEO friendly marketing websites based on the PMS (property management software) data
    • A powerful self-scheduling tool that syncs your leasing agent’s calendar with incoming requests for showing/viewings.
    • The completely white-labeled solution to enhance your end-user experience.

    Tenant/ Community Management

    • Take tenant applications, onboard tenants, and manage documentation and agreements.
    • Tenant portal for payments, expense tracking (tenants) issue management, remote move-ins & move-outs, profile, and documents management.
    • Host and manage community events using the tenant portal. Book facilities, talk to other residents, download invoices, and raise issues.

    Operations (Inventory, Maintenance, Inspections, Work Order, & Control Centre, Communications)

    • Onboard large properties within minutes with an onboarding wizard.
    • Manage all your operations, communications, and issue/ ticket management from a slack like-interface called the control room. This is a single screen that lets you manage your complete business once the PMS is set up.
    • Set a standard for performance using SLAs, escalation policies
    • A rule engine to automate your incoming maintenance/resident requests. (JumboTiger Property Management: SLA management)
    • Schedule preventive maintenance tasks and JumboTiger will track these for you. Automate the property management workflows according to your business needs.
    • Real-time staff management and move-ins, move-outs, periodic inspections via a staff app. You can also push tasks to on-field staff in real-time using this app.
    • Contact the center to manage the PO’s and vendor services
    • Ready to go IOT integrations

    Rent Payments/ Reports/ Analytics

    • Flexible invoicing, expense management, and payments system customized for each country and to your needs.
    • Revenue recovery/ dunning to make sure you don’t lose on any invoice and take appropriate actions
    • Detailed reports/ Analytics on what’s happening in your organization.
    • Very detailed audit logs to make sure you have visibility of what’s going on in your organization.

    These are some things that JumboTiger property management software does. When you start using it, you will explore many more use cases. This can help you run a property management business on a single platform without the need for any other software.


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    JumboTiger – Business Model and Revenue Model

    JumboTiger is a SaaS business that works on a subscription model. The use of software starts at $99 to manage up to 20 units and then is charged on a per-unit basis managed on the platform. There is no feature gating, and all features are available to everyone. The rationale behind it is to enable small and medium businesses and set them up for sustainable scale.

    JumboTiger is ideal for all-size property management companies, coliving operators, HMOs, letting agents, and anyone managing a rental portfolio and wants to build, manage and grow their rental business.

    The SaaS model is pretty standard and has existed for a couple of decades but has been popularized and adopted in the last few years with the availability of better infrastructure and cloud capabilities.

    The gross margin for a SaaS business is generally more than 70%-80%, and the customers are charged subscriptions on a monthly, quarterly, or yearly basis.

    JumboTiger – Funding

    JumboTiger is a bootstrapped startup, and the only source of funds for it is its customers.


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    JumboTiger – Future Plans

    JumboTiger is in this for the long term. It will replace all the traditional property management software and help property management companies and coliving operators build a sustainable and scalable business. The team plans to keep expanding the horizon and scope of property management software with JumboTiger. The next few interesting features that will get added to JumboTiger after its public launch are seamless IoT integrations, Self Serving billing for tenants, and a lot more. So stay tuned to keep getting surprised.

    Lastly, JumboTiger wants to remain close to its customers and solve actual problems rather than building features that no one uses. So the team plans to keep listening to its customers and solve their problems via JumboTiger.

    JumboTiger – FAQs

    What is JumboTiger?

    It’s a real-time, collaborative, configurable, new-age property management software that brings multiple features from different apps and software into one platform and contextualizes it for property management of the future.

    Who founded JumboTiger?

    Mayank Pokharna and Subbu Athikunte are the founders of JumboTiger.

    When will JumboTiger go live for public use?

    JumboTiger will go live for public use on 1st Sept 2021.

    Do visit https://jumbotiger.com/ to know more about the company and sign up for early access!

    Is JumboTiger Bootstrapped startup?

    Yes, JumboTiger is a bootstrapped startup.

    How does JumboTiger make money?

    JumboTiger is a SaaS business that works on a subscription model. The use of software starts at $99 to manage up to 20 units and then is charged on a per-unit basis managed on the platform. There is no feature gating, and all features are available to everyone. The rationale behind it is to enable small and medium businesses and set them up for sustainable scale.

    What is SimplyGuest?

    Mayank & Subbu started SimplyGuest as a shared living business in 2015 with a wide variety of portfolio properties: student housing, housing societies & more. SimplyGuest started with the idea of aggregating shared living spaces. The same team co-founded JumboTiger.