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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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