The Top 4 Features Every CRE Management Platform Should Have
The expansion of the Internet of Things in commercial buildings, and consequent push to maximize return on investment, is leaving many property owners eager to adopt easier management methods and ways to increase their revenue. CRE professionals are, then, increasingly turning to online data management software solutions to do just that. New York City-based Real Data Management gave Bisnow the four most important qualities of a top-notch online management platform.
1) Dynamic Stack Plans
The platform’s stacks are created from a firm’s accounting link and floor plans, the former of which automatically updates the stack. Each section is color-coded to help users differentiate between vacancy and occupancy status, populating each block with suit numbers, RSF, lease data and tenant info.
Each user can interact with the stack across a variety of mobile devices, drill down to the suite plan or full floor plan, and even export visuals to Excel and PDF.
2) Drawing Tools
Augmented reality is hitting it big-time in commercial real estate, and online property management tools like RealAccess are taking up the mantle. With this particular platform, professionals can take floor plans and virtually alter them with the installed DRAW tool. Users can install new walls or divide spaces, hatch spaces and generate new rentable square footage across various scenarios. Users can even save different “What if” floor plans to study in the future.
Additionally, the Interactive Floor Plan allows its users to view parts of the building that are often otherwise obscured on floor plans. Users can examine color-coded mechanical rooms, HVAC and electrical layouts directly on the plan, complete with date of installation, warrant expirations and information, unit type details and serial numbers of specific products.
3) Accounting Systems Integration
Many online management software solutions are focused on making the transition from one platform to another one of the easiest parts of their services. RealAccess software enables CRE firms to integrate any accounting link to their platform, including MRI, IBS, Yardi and even a basic Microsoft Excel spreadsheet.
The system’s one-way feed allows a business’ extant accounting solution to automatically inform RealAccess when leases expire or tenant info changes — without overwriting existing account info.
4) Software/Remeasurement System Combinations
To avoid having to employ two different companies or services for building remeasurements and management platform, property managers often search for solutions that allow them to kill two birds with one stone.
The firm’s up-to-date, specialized expertise in REBNY and BOMA remeasuring standards places its employees in an excellent position to assist building owners and managers to rev up their savings and increase return on investment.
Take, for instance, the remeasurements of Brawner Management’s flagship office building in downtown Washington, DC.
“RDM worked on the BOMA study for our office in downtown DC,” Brawner Management managing director James Brawner said. “RDM’s software and comprehensive plan book became an invaluable tool for our leasing and property management personnel.”
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