- Job title
- Technical service technician
- Sector
- Plastic
- Organization type
- cooperative
- Joined
- Sep 2023
- Message
- 5
I manage a 14-unit apartment building in Kadıköy. Our monthly dues are 850 TL per unit, putting our monthly operating budget around 11,900 TL. For about a year now, I've been tracking all income, expenses, utility bills, and shared cleaning costs on a spreadsheet I put together myself. I hadn't run into any major issues until recently, but as the building gets older, things are starting to get messy.
Last month, we decided to collect extra funds: 34,000 TL for an elevator overhaul and 52,000 TL for exterior waterproofing. Three unit owners asked to pay in installments, and two tenants moved out mid-period. Reconciling who owes what, late fees, and cash advances spent on common areas in the spreadsheet has started eating up hours of my time. On top of that, one of the neighbors mentioned they want to be able to check the accounts transparently right from their phone.
When I looked into buying building management software, annual license fees were running between 2,000 TL and 4,500 TL. Is switching to dedicated software really necessary for a building of this size, or can I get by just rebuilding my formula setup in the spreadsheet? I'd love to hear from other property managers who've gone through this.