Whether you provide commercial real estate consulting to clients or perform commercial property research for your own business or investment portfolio, the right software system can make that job much easier. These platforms are worthwhile investments because they give you access to information and information associations that lead to more insightful decisions.
Linked Contacts and Properties
A basic yet powerful feature of any modern real estate management software is the ability to link people with properties. You can link owners, sellers and buyers with real estate. The obvious value here is to have an immediate snapshot of all relevant properties when communicating with a contact, but the benefits extend much farther than that. These associations let you to execute powerful queries. Consider a scenario where you need potential buyers and perform a search for contacts that have invested in properties with similar characteristics. Another scenario where this feature is useful is the automatic filtering of properties that don’t meet a client’s risk tolerance or budget.
Professional commercial property consulting is usually more than a one-person job. It often involves a team of people handling various aspects of projects. While you’re catering to a client’s particular needs, another team member may be performing risk assessment and laying out an initial commercial property risk management plan. A collaborative platform helps both you and the assessor make better decisions because the analyses you perform are available to each other in real-time.
Organization and Smart Associations
A commercial real estate consulting platform also provides a sophisticated means of organizing your projects as well as the fundamental research and analysis that you perform. Perhaps nowhere is this organizational power more evident than in the ability to create smart associations, which are not unlike the links you make between contacts and properties; however, in many cases these associations can be created automatically by the program rather than require manual linking. An example would be receiving a notification about a property you manage because relevant commercial property research has been added to the system.
Information Access on the Go
Commercial property consulting is rarely a static a job. You’re often on the move whether you’re performing on-site assessments or showing clients properties. A great advantage of modern business software in general is remote access. You’re no longer restricted to having a laptop on hand and having to find a Wi-Fi hotspot. Most leading commercial real estate software platforms come with satellite apps or mobile website interfaces that you can use to log in to the system via your user account using a smartphone, tablet or other device over a cellular connection.
Structured Property Management
Commercial real estate is never as simple as just buying and selling. You have to manage properties in an efficient, cost-effective way that limits the time commitment, minimizes expenses, improves the bottom line and enhances the overall value of the investment. Commercial real estate software is a powerful tool for this type of management because it lets you budget, schedule and otherwise organize in a way that lets you visualize relationships and factor in valuables analyses like commercial property risk management. The Altus Group Limited website has more relevant information and resources available on their website.