Which is the first Digital Rent Management System in Nepal?
Almost every industry and economic activity in Nepal is going through digitization. One such sector is rental billing.
At present, many innovative startups claim to have developed the first rental billing system in Nepal. But in factual terms, it is eJyalo that built and launched Nepal’s first-ever robust and complete rental billing and management system. Thus, the only answer to ‘Which is the first digital rent management app in Nepal?’ is eJyalo.
In this blog, we will dive deep into what led to the rise of eJyalo, what kind of impacts it brought to the pertinent market, and why landlords and tenants should choose eJyalo for complete rent and utility billing. Let’s get started.
Why eJyalo Became The First Rent Billing System in Nepal?
For rent collection in Nepal, usually landlords visit the tenants, provide them with a rental bill including electricity, garbage, & other possible charges, and get the payment. However, making the bills, receiving the payment, and tracking the payment takes manual effort, time, and energy. If only there had been a digital platform that aided landlords and tenants with rental billing and payment, all these issues could have been resolved. That very realization led Mahesh Maharjan (founder of eJyalo) and the team to conduct extensive research in early 2019.By early 2020, eJyalo came into existence and became available to customers. At present, eJyalo offers 3 rewarding solutions: eJyalo Rent Management Solution, eJyalo Enterprise Solution, and eJyalo Smart Home Solution.
Impacts of eJyalo as a Pioneer in Rent Management in Nepal
A pioneer always enjoys advantages, faces challenges, and, most importantly, brings impacts to the market. So, what did eJyalo, as the groundbreaker, contribute to the Nepali rental billing scenario? Let’s figure them out.
1. Secure and eco-friendly record-keeping
Most landlords keep a notebook recording all tenants’ rent and utility payments. The record is kept and updated manually; this requires landlords or property managers to keep the notebook safely. Losing the notebook means losing all the details and having to start everything all over again. With eJyalo, landlords no longer have to stress about having a ‘rental billing notebook’. They can have a digital record of the tenant’s payment, including the pending amount. This not only aids in securing the details but also offers an eco-friendly solution for record-keeping.
2. Ease for both landlords and tenants
Most Nepali landlords are compelled to make a physical visit to tenants’ residences, discuss the pending amount, and/or collect the payment. With eJyalo, the hassle of visiting the site is no longer required as billing can be automated. Homeowners can set the rent amount and payment day for each month.
What about the tenant’s payment? Can that be done via an online payment platform? Yes, eJyalo has made that possible by integrating e-wallets (Khalti, eSewa).After receiving the payment from tenants, the landlord can manually top up in the eJyalo App.
3. Reminders, notifications, and alerts
Before eJyalo, tenants used to receive information about payments, pending issues, or other notices through in-person visits or phone calls/SMS. However, this often led to miscommunication or delays.
But with eJyalo, landlords can add their tenants on eJyalo. The tenants can use the eJyalo app to track their rental and utility billing. They can also receive notifications of the monthly bill, delay in payment, penalty on delayed payment (if added by landlords), updates on utility alerts, etc.
If landlords have chosen the semi-automated system, homeowners get a reminder of ‘Time to make the monthly rent bill’. If the fully automated system is chosen, the rental bills are generated and automatically sent to tenants. Homeowners can also get alerts on electricity fluctuation if they have installed eJyalo’s Smart Metering Device.
4.Time-saving and trust-fostering
eJyalo started the norm to go digital with rental and utility billing. Neither the landlord nor the tenant has to travel to discuss or resolve the rental bill issues. With one click, tenants can make an instant payment. Such a facility saves time that can be wasted on traveling and waiting for the other party. Also, eJyalo allows both landlords and tenants to access payment-related information and records, fostering mutual trust and transparency between both parties.
5. Setting a standard for modern property management
As a pioneer in bringing a digital rental billing solution to Nepal, eJyalo has made quite an impression in the market. eJyalo has set a benchmark for what an ideal rental property management app in Nepal should be. In fact, eJyalo inspired numerous other startups to invest in this sector. Although they are trying to make an impact, they haven’t quite mastered a fully automated system like that of eJyalo.
eJyalo vs. Other Rent Management Apps in Nepal
So, what exactly makes eJyalo the ideal rent management app as well? Let’s look into the detailed explanation.
The only SaaS model of property and rent management system
eJyalo is Nepal’s single rental billing software, which is available in a Saas (Software as a Service) model, while others exist in the ‘on-premise’ format.
So, why is the Saas model better than the other one?
Well, due to the Saas model, users can download eJyalo on phones and computers/laptops; they can enjoy the service on a subscription basis. Whereas in the on-premise model, the server can only be kept in one place, and maintaining it is more expensive.
Complete rental billing solution
Other tenant billing software can only prepare tenant bills that include rental bills, including sanitation or other charges. However, they can’t precisely provide the electricity usage details. Why? Because they don’t have their ownelectricity reading system. Thus, such apps still make the clients rely on manual NEA meter readings and recording. However, eJyalo can solve that issue as it has its smart metering device, which reads the real-time electricity use.
The smart meter is installed on the electricity meter and connected to the eJyalo app. The user gets a record of their monthly or daily electricity usage. Furthermore, if there is any sudden hike or drop in electricity consumption, the app sends an app notification or Alert SMS to the tenant as well as the homeowner.
Option for personalization
Personalization is another distinguishing factor to makes eJyalo the most trusted rent and billing management app in Nepal. The personalization allows landlords to determine the following things:
Amount for monthly rental billing, sanitation, or other facilities
Due date of rent payment
Start day of the monthly rent cycle
Electricity charges per unit
Considering all these pointers, it is clear that eJyalo is the One-Stop Rent Management Solution in Nepal.
Final Thoughts
In recent years, digital banking in Nepal has been booming; it has helped tenants make their rental payments through their banking apps or e-wallets. However, landlords still need to track payments manually. So, what is the best solution? A platform like eJyalo that can record, track, and automate rental and utility billing.
eJyalo is the ultimate tenant management system in Nepal, helping landlords manage and track the entire rental billing for an unlimited number of units.
You can download eJyalo from the Play Store or App Store. For further details, you can contact the eJyalo team.
Read More: The Ultimate Guide to Streamlining Utility Bill Management for Property Owners in Nepal