Published on July 22, 2020 by: Adrian
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Articles
In real estate we deal with asset management every day, as we manage properties for ourselves and on behalf of other investors. It’s not surprising that today you can still find property owners using paper files as the go to way to manage properties. Thankfully many have moved to at least using excel which was introduced in 1985. In today’s world, asset management is getting more and more difficult to sustain as the growing amount of data, and the need to have information quickly, makes it difficult to keep track of all the information properly and be able to respond to arising needs on-demand. You cannot expect a thirty-year-old technology, which hasn’t changed, to be the workhorse for digital asset management across a multi-million-dollar portfolio. You need quick access, the ability to make updates, exchange data across multiple systems, computers, and mobile devices, all seamlessly and instantly. It’s not about just seeing data in rows and columns. You have to make sure the information you are presented is recent and not cluttered so you quickly see the data you need and not multiple versions of files that may be out of date. You have to collaborate with team members across different business functions that requires being accurate and timely in accessing data.
With the arrival of Covid-19, the need to employ real estate technology has increased even more. Social distancing and shelter-at-home policies are in place in over 40 states, and companies need to go digital to survive. Without the digitalization of assets, it is impossible to manage a successful real estate business from home.
Even if Covid-19 is no longer a threat and employees can return to their offices, property owners need to digitize and streamline their processes if they want to survive in today’s rapidly changing world. With complex leases, loan documents, laws, federal, state and local regulation, and the ever changing needs to maintain accurate data at all times, keeping asset’s information on paper or on an office computer is destined to make business success impossible.
Only efficient digital asset management, which simplifies the presentation of relevant information and analytics on hand, will ensure performance and risk management, against competitors.
RealDash has developed an all-in-one software platform that streamlines asset management and lets users collaborate with team members remotely in real time without the need to invest tens of thousands of dollars and weeks of data entry.
To ensure efficient asset management, property owners need to know where the assets are located, how they are being put to use, how leases affect value and whether there are issues require attention. With RealDash, users are able to access property data from anywhere. Digital asset management with RealDash allows for the efficient management of rent rolls and lease abstracts, site plan management, marketing and deliverable creation and allows mangers to access documents, connect stakeholders, review loan information, investor contact management and more in an intuitive dashboard on a desktop or mobile device.
RealDash’s dashboard visualizes users portfolio, leases, team activity, and key metrics in a simplified view to stay on top of your deals. This allows owners to make key business decisions by looking at one holistic dashboard. No more multitasking with various spreadsheets, as RealDash’s customized digital tools go beyond excel and it gives property owners the opportunity to collaborate with their team and access all relevant information through one single platform. This will ensure more transparency and better team management throughout business functions.
With customized digital tools, property owners can make expert decisions instantly from anywhere. Assets need constant oversight and RealDash’s ability to easily create customized reports for businesses help keep financials up to date, and allows integration of powerful analytics into reports for full transparency with clients, partners, and investors.
RealDash is the tool that is needed by all property owners to adapt to the new world and lead you to long-term success and growth.
