Case Study

REIT Challenges Got Fixed by Leveraging Key Solutions in Real Estate Portfolio Management Software

Introduction

This case study describes the key challenges faced by REIT industry professionals in managing day-to-day operations, and documents, tracking and reporting critical business processes, and maintaining numerous real estate deals. Then, it portrays the solutions to all those challenges that can empower REIT stakeholders to execute all crucial business processes with ease.

Challenges

Trouble in Locating Property Deals Information
How soon can you locate and examine a previous deal's data? That information is extremely valuable, as is the capacity to recover it. It is much more challenging to revisit previous deals if you don't have a system in place for gathering, labeling, and archiving your deal pipeline through a commercial real estate CRM created for investors. That data could exist, but it's dispersed over shared drives, spreadsheets, and emails and isn't very well organized. Unfortunately, finding the key insights takes a lot of effort and time.
Lack of A Robust Automated Reporting Tool
Each year, a tremendous amount of data must be gathered and organized related to real estate. Teams must organize and use data to assist and guide business choices by developing and keeping a reporting and analytics strategy. However, one of the greatest issues mentioned by corporate real estate specialists is to create robust reporting and analytics for each portfolio and asset without the availability of an automated solution.
Manual Management of Exhaustive Portfolio Paperwork
Handling portfolio paperwork can be tough. Traditional pen-and-paper management techniques can be laborious and unreliable in today's technology-driven society. Dealing with portfolio paperwork can be time-consuming and potentially result in costly mistakes if an appropriate document management system isn't in place. Crucial records, like resident leases and tenant income certifications, must be kept and managed in a way that improves admissibility, fosters the strength of the evidence, and supports governance procedures.
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Solutions

Deal Tracking and Management in REIT Portfolio Management Software

From a deal prospecting and origination stance, the partnership with their brokers is crucial. Now the tracking and management of deals are much easier with a deal tracker solution. Just fill out the new deal form with key details and the rest will be managed by this fully automated platform. With the robust functionality in each module, it is very simple to add or modify the deal details whenever you want. Whether the deal is active, inactive, or pending, there will be no difficulty in finding the exact results you require.  

Custom Reporting Solution Dedicated to Real Estate Business Model

A customized solution for REIT Reporting enables you to quickly generate customer-facing financial reports that can be instantly shared on a regular basis since different stakeholders require different KPIs. You can enable high-level reporting by constructing workflows using your data that use behind-the-scenes intelligence. By using these analytical processes, you may quickly examine the information at the property, portfolio, or transaction level to assist you to make decisions rather than taking the time to study and analyze numerous reports and spreadsheets to find the information you need.

REIT Document Management Solution

Using an automated document management system can simplify complex REIT operations. All your documents can easily be organized using document workflows in accordance with the managed metadata. SharePoint makes it possible for immediate document access from everywhere, which boosts the efficiency of numerous departments within your real estate company. No complex emails are required to share the documents with your lease, sales, rent, or legal team. The solution allows users to manage and save all documents and templates in a single, safe location, establishing a "paperless workplace" that reduces the risk of data loss due to fires or other natural catastrophes.

Challenge

Trouble in Locating Property Deals Information

How soon can you locate and examine a previous deal's data? That information is extremely valuable, as is the capacity to recover it. It is much more challenging to revisit previous deals if you don't have a system in place for gathering, labeling, and archiving your deal pipeline through a commercial real estate CRM created for investors. That data could exist, but it's dispersed over shared drives, spreadsheets, and emails and isn't very well organized. Unfortunately, finding the key insights takes a lot of effort and time.

Solution

Deal Tracking and Management in REIT Portfolio Management Software

From a deal prospecting and origination stance, the partnership with their brokers is crucial. Now the tracking and management of deals are much easier with a deal tracker solution. Just fill out the new deal form with key details and the rest will be managed by this fully automated platform. With the robust functionality in each module, it is very simple to add or modify the deal details whenever you want. Whether the deal is active, inactive, or pending, there will be no difficulty in finding the exact results you require.

Challenge

Lack of A Robust Automated Reporting Tool

Handling portfolio paperwork can be tough. Traditional pen-and-paper management techniques can be laborious and unreliable in today's technology-driven society. Dealing with portfolio paperwork can be time-consuming and potentially result in costly mistakes if an appropriate document management system isn't in place. Crucial records, like resident leases and tenant income certifications, must be kept and managed in a way that improves admissibility, fosters the strength of the evidence, and supports governance procedures.

Solution

Custom Reporting Solution Dedicated to Real Estate Business Model

A customized solution for REIT Reporting enables you to quickly generate customer-facing financial reports that can be instantly shared on a regular basis since different stakeholders require different KPIs. You can enable high-level reporting by constructing workflows using your data that use behind-the-scenes intelligence. By using these analytical processes, you may quickly examine the information at the property, portfolio, or transaction level to assist you to make decisions rather than taking the time to study and analyze numerous reports and spreadsheets to find the information you need.

Challenge

Manual Management of Exhaustive Portfolio Paperwork

Handling portfolio paperwork can be tough. Traditional pen-and-paper management techniques can be laborious and unreliable in today's technology-driven society. Dealing with portfolio paperwork can be time-consuming and potentially result in costly mistakes if an appropriate document management system isn't in place. Crucial records, like resident leases and tenant income certifications, must be kept and managed in a way that improves admissibility, fosters the strength of the evidence, and supports governance procedures.

Solution

REIT Document Management Solution

Using an automated document management system can simplify complex REIT operations. All your documents can easily be organized using document workflows in accordance with the managed metadata. SharePoint makes it possible for immediate document access from everywhere, which boosts the efficiency of numerous departments within your real estate company. No complex emails are required to share the documents with your lease, sales, rent, or legal team. The solution allows users to manage and save all documents and templates in a single, safe location, establishing a "paperless workplace" that reduces the risk of data loss due to fires or other natural catastrophes.