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LEASING SOFTWARE

What is leasing software and what can I do with it?

What is leasing software and what can I do with it?

  Leasing software is an all-in-one solution that will make the work of any commercial real estate agent and broker easier and much more efficient. With it, commercial realtors can create leases and lease contracts, track and analyze them, and do all other lease-related activities in a fast, efficient, and automated way. Moreover, the software allows users to compare different lease options, select the most favorable one, and make better choices.  

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  Leasing software removes the complexity of lease management. The software automates most leasing processes, which makes lease management significantly less time-consuming and can increase your team’s productivity. The way commercial brokers operate is changing in today’s technology-driven reality and the way business used to be done is no longer relevant. To be up-to-date, companies are required to go digital and implement modern-day solutions, such as leasing software. 

  

  In the following paragraphs, we’ll explain in brief some of the main features of leasing software.   

Get the big picture with leasing software 

Get the big picture with leasing software 

  Leasing software is an all-in-one solution specifically designed to make lease management a no-problem task. Every commercial real estate broker can benefit greatly from it. Leasing software is a one-stop place where you can easily access all lease information in a single system.  

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  The implementation of leasing software allows commercial real estate brokerages to get the full picture of their lease portfolio. Thanks to it, you can get a bird’s eye view of all lease activities and gain control over your leased assets.  

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  In addition, leasing software is one easy-to-use platform with an intuitive interface that can be used by even less tech-savvy realtors.   

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Keep track of contracts with leasing software 

Keep track of contracts with leasing software 

  The implementation of leasing software is especially useful for large companies with big lease portfolios. The more clients you have, the more complex and confusing it could get to track all lease contracts. Usually, every commercial property on lease has its own leasing period and due date and with leasing software it is very easy to monitor all of them at once. For this reason, commercial real estate professionals with more clients will find quite beneficial the use of leasing software. They can track lease deals, calculate lease terms, and plan and execute their lease agreements with ease with the use of leasing software.  

Manage lease documentation with leasing software 

Manage lease documentation with leasing software 

  With the implementation of leasing software, you can get your document management processes fully automated. Create, store, and send lease documents in a few clicks with the leasing software.  

 

  You can easily import and export existing lease documentation with leasing software. You can use ready-made templates or create your own for any stage of the lease process. Moreover, with leasing software you can generate new lease contract and store digital copies. Everything will be well-organized and easy to find.   

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  Filling in documentation may be time-consuming, but with leasing software the processes are automated and most of contract data is completed automatically. You can save time and get more done.  

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Focus on lease expiration with leasing software

Focus on lease expiration with leasing software

  With leasing software term and end-of-term management will become automated and will no longer cause you headache. Effective leasing software is crucial in the matter of renewal and termination of terms.  

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  When time comes, the leasing software will notify you when a lease is close to its expiration date.  You and your team will be prepared in advance and will never miss a deadline again. With leasing software, you can notify tenants of their term expiation. You can terminate the existing lease contract or negotiate a new one. Thanks to leasing software, planning ahead your building occupancy has never been easier.  

Understand the market with leasing software 

Understand the market with leasing software 

  To make smart decisions in the commercial real estate industry, it is essential to know the market well. Leasing software enables you make data work in your advantage and use it to make smart decisions.  

 

  The analytics functions of the leasing software enable you to collect, measure, and analyze data and turn it into usable information. You no longer have to rely on luck when you can make informed decisions. With leasing software, you can increase the strength of your decision making. Get to know your market better with leasing software and make smart decisions. With it, you can monitor market KPIs, such as net effective rent (NER), tenant improvements (TI), compound growth, etc.   

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Get your communications right with leasing software 

Get your communications right with leasing software 

  Leasing software makes effective communication a piece of cake. With the automated communication channels of the leasing software, you can stay connected at all time and follow up on the dot to keep deals moving. Communication is timely and all involved parties stay up-to-date and on the same page.  

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  With leasing software you can send out various types of messages and communiques, such as lease contracts, welcome and thank you letters, payment reminders, as well as overdue letters and happy birthday cards. That’s right, you can use the communications features of the leasing software to send strictly business messages, but you can also use it for more personal notes. There are no restrictions. 

 

  Overall, leasing software can save you tons of time, help you and your team of brokers do a more efficient and productive work, and give you better insights of your lease portfolio and the market in which you operate. The implementation of the software is easy and it has a user-friendly interface. Using automated software for lease management gives you more flexibility and greater advantage when negotiating lease contracts.  

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