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VP Landlord Edition™ Capabilities
Property Management Capabilities Supported by the
VP Landlord Edition
- Portfolio Management / Lease Administration
Administering, managing and reporting on a multi-location portfolio is not easy particularly when it may be complicated by the various investment partners and third party management relationships and the individual reporting needs of each owner partner. With properties and leases, there is a lot of information that is not managed in the accounting systems but must be tracked and proactively managed to not only avoid costs but to understand the legal obligations of critical dates and clauses, options, and encumbrances. For more information on Virtual Premise’s Portfolio Management / Lease Administration features, click here.
- Transaction / Deal Management
Whether tracking a lease, an acquisition, financing or disposition of an asset in your portfolio there is certain information associated with that activity, steps in the process and a team that has responsibility for getting the job done. Virtual Premise Global Real Estate Management System™ provides an ease of use, configurability and robust reporting capabilities and understands the critical role that transaction management plays for any real estate owner or manager. On average, there is transactional activity associated with more than 20% of a real estate portfolio every year. It is paramount, therefore, to track and monitor this activity because it affects the future revenue of your organization. Click here to find out how Virtual Premise can help with your transaction and deal management needs.
- Document Management
Leases, amendments, site maps, deeds – all of these are critical documents that must be readily available when issues arise. With Virtual Premise’s integrated document management system, you’re able to track, store and manage all of your real estate related documents and associate them with your real estate portfolio. For more details on how you can store scanned images, manage your electronic files and integrate with your organization’s content management system(s), click here.
- Deal Comparison
As deals make their way through the process they ultimately need to be presented for approval. Using Virtual Premise Global Real Estate Management System™ managers can immediately compare various lease deals against budget or against other deal scenarios using side by side presentations of certain key performance benchmarks like deal terms along with calculations such as NPV or NER built into the comparison. To learn more about how to streamline the review and approval process, click here.
- Reporting
When reporting to the CFO, COO, CEO, and others, access to and analysis of real estate data is critical. The Virtual Premise Global Real Estate Management System is second to none when it comes to putting critical data at your fingertips via searching, reporting and dashboard views – Virtual Premise gives you the information you need when you want it. Please click here for more details on how Virtual Premise meets your reporting needs
by presenting a consolidated view of the interaction between accounting, tenants, leases, and transactions across the portfolio.
- Interdepartmental Collaboration
One of the biggest complaints we hear from our clients is that communication between leasing, legal, property management, construction management and accounting is broken. With Virtual Premise’s Web-based platform, it’s easy to enhance communication between the different disciplines that need to be informed and have access to critical information. Often times, the various disciplines are able to track additional information for their business needs within the Virtual Premise Global Real Estate Management System™ because it is so configurable and easy to use. For more information on how you can enhance communication between disciplines and give everyone a central repository of where to gather information on an asset or deal, click here.
- General Usability and Intuitiveness
Real Estate professionals are not IT professionals. For a system to be effective, therefore, it must make sense to the people that have to use it! One of the biggest acclaims of the Virtual Premise Global Real Estate Management System™ is its ease of use and ready-access to information. No longer are you required to look at a “green screen” or drill into ten pages of data to get at the information you need. To learn more how Virtual Premise makes life easier for you, please click here.
- Regulatory Compliance
The all important and ever changing world of regulatory compliance is complicated. Virtual Premise offers a solution that allows the corporate real estate group help the enterprise stay SOX compliant, meet GAAP / SEC reporting needs, and more. For more details on what this means to you and how Virtual Premise can help, click here.
- Legal Support
Most lease administration systems are solely designed for lease administration and real estate accounting professionals. With its lease and location-centric perspective, legal professionals find the Virtual Premise Global Real Estate Management System™ to be a very effective tool to track legal provisions associated with their owned and leased portfolio, report and search on critical data and store important legal documents. To learn how companies are using Virtual Premise to support their legal groups, please click here.
- Lease Abstraction, Review and Validation
Accuracy is absolutely critical to every organization as real estate data impacts corporate expenses, legal obligations, regulatory filings, and even revenue. When it comes to keeping your data accurate, it is important to start with a good foundation, conduct ongoing data maintenance and perform periodic reviews to make sure that the corporation is not adversely affected and that your real estate portfolio is optimized. No matter what condition your real estate data is in, Virtual Premise can help – please click here for details
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