Assetsoft - Blog #real estate softwareAssetsoft - Blog #real estate softwarehttps://www.assetsoft.biz/blogs/tag/real-estate-softwareSat, 02 May 2026 00:54:06 -0700http://zoho.com/sites/<![CDATA[Empowering Real Estate Knowledge Workers in the Age of AI]]>https://www.assetsoft.biz/blogs/post/empowering-real-estate-knowledge-workers-in-the-age-of-aiThe rise of artificial intelligence is not just transforming but empowering how knowledge workers operate across industries.]]>

The rise of artificial intelligence is not just transforming but empowering how knowledge workers operate across industries. Nowhere is this more evident than in real estate, where data-driven insights and automation augment the work of agents, brokers, analysts, and property managers. It's important to remember that AI is not a threat to human expertise but a powerful tool 'copilot' that handles repetitive tasks and processes vast data, freeing professionals to focus on higher-value work. This reassurance should instill confidence in the audience about the future of their roles in the age of AI.

Microsoft's Chief People Officer, Kathleen Hogan, noted that AI is "the defining technology of our time," potentially transforming work even more than the PC revolution (Fast Company). Hogan and other leaders emphasize that investing in people, through education and upskilling, is critical to harnessing AI's potential. In Hogan's words, even in an AI-driven future, we must prepare talent to be "AI creators, not just consumers." This means using AI tools and understanding how they work, contributing to their development, and ensuring a strong foundation in computer science and digital skills. This optimistic outlook sees AI amplifying human capabilities, not replacing them, especially in knowledge-intensive fields like real estate.

Implications for Talent, Hiring, and Upskilling in Real Estate

What do these AI advances mean for the people behind the properties? In the real estate tech sector, organizations recognize that their workforce must evolve alongside the technology. Hiring trends already reflect this: job postings by real estate firms requiring generative AI skillsets increased by 64% in 2022 and another 58% through August 2023 (Deloitte).

At the same time, there's a growing emphasis on upskilling current employees. Many firms prefer to retrain their experienced agents, brokers, and managers to use AI rather than replace them. This means providing training in data literacy, AI-driven software, and even basic coding or computer science principles. As Kathleen Hogan argued, giving people access to AI tools isn't enough; we must also 'create the right environment' for AI by investing in skills and learning. This proactive approach to upskilling will not only prepare professionals for the changes brought by AI but also empower them to thrive in this new landscape.

The World Economic Forum's "Reskilling Revolution" found that only about 34% of real estate employees globally have undergone reskilling so far, compared to 50% across all industries. Companies aim to close this gap by 2030 (WEF).

Workforce planning is also adapting. Real estate leaders anticipate that some of today's tasks will be automated in the next few years. According to the World Economic Forum's Future of Jobs Report, employers expect the share of human tasks to drop from 64% to 42% in five years (WEF Jobs Report). Rather than mass job cuts, this shift is opening the door for reimagined roles.

"AI will create time for more important, personal tasks," explains Dan Weisman, Director of Innovation at the National Association of Realtors. It allows agents to focus more on client relationships, negotiations, and creative deal-making instead of writing listings or combing through comps (NAR Podcast).

We're also likely to see new hybrid roles and teams. For instance, brokerages may pair an AI specialist with a realtor to develop pricing strategies or have "AI project managers" working alongside traditional project leads. These AI project managers would oversee AI-driven projects, coordinate with human team members, and ensure the successful implementation of AI solutions. Property managers must learn to oversee AI chatbots and interpret predictive data. Roles like GIS analysts and PropTech developers are becoming essential.

Soft skills and domain expertise are even more valuable in this AI-enabled workplace. Skills like creative thinking, problem-solving, communication, and empathy differentiate humans from algorithms. Real estate is inherently a relationship business, and those human qualities are gaining importance as routine tasks are automated. A recent industry outlook noted that creative thinking, curiosity, and lifelong learning are among the most essential skills for 2025–2030 (WEF Skills Outlook). Hogan reinforces this: "human skills are as important as technical skills" (Fast Company).

Moving Forward: How Real Estate Firms Can Harness AI (and Support Their People)

With AI poised to be a game-changer, what can real estate organizations do to ride this wave successfully? Here are practical strategies:

Foster a Learning-Oriented Culture: Encourage experimentation with AI tools and centralize continuous learning. Microsoft, for example, champions a growth mindset, emphasizing adaptability and innovation (i4cp).

Invest in Training: Offer courses in data analysis, AI-enabled CRMs (Customer Relationship Management systems that use AI to automate tasks and provide predictive insights), and basic coding. Upskilling existing talent boosts confidence and ensures the effective use of AI tools.

Redesign Workflows: Break jobs into tasks to see what AI can handle versus what requires human judgment. Involve employees in this redesign so they feel supported and energized by AI rather than threatened.

Emphasize Human Skills: Reinforce soft skills through training and mentorship. Celebrate creativity, empathy, and ethical decision-making skills AI can’t replicate.

Lead with Vision: Communicate a clear purpose for adopting AI and involve teams at every level. C-suite commitment and inclusive planning smooth the path for AI transformation (Deloitte).

A Bright Future: AI as an Ally for Real Estate Professionals

The future of knowledge work in real estate is decidedly optimistic. AI will handle more heavy lifting—analyzing data, automating workflows, and generating content—but human roles will be enhanced, not erased.

Relationship-building, creativity, strategic thinking, and empathy will define competitive advantage. An agent armed with AI analytics can advise clients more effectively. A broker can combine prediction models with negotiation skills. A manager can rely on AI systems for tasks while focusing on tenant satisfaction.

Rather than a zero-sum game, the formula is clear: human + AI is the future. Firms that support their teams with training, culture, and vision will lead the industry.

Conclusion: Real Estate’s Human-AI Synergy Starts Now

The real estate industry stands at a pivotal moment—where AI is not a disruption to fear but a force to embrace. For knowledge workers, the message is clear: AI is a partner, not a replacement. By automating routine tasks and surfacing powerful insights, AI empowers professionals to focus on what they do best—building relationships, making strategic decisions, and delivering value.

Real estate firms that invest in their people—through upskilling, thoughtful integration of AI tools, and a commitment to human-centered innovation—will shape the future of the industry. The synergy of human expertise and intelligent technology isn't just a trend; it’s the new standard for success.

In this new era, the most competitive real estate organizations will be those that don’t just adopt AI, but align it with purpose, people, and progress.

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]]>Fri, 30 May 2025 11:35:39 -0500<![CDATA[8 Ways Real Estate Business Owners can Increase Traffic to their Home Listings ]]>https://www.assetsoft.biz/blogs/post/8-ways-real-estate-business-owners-can-increase-traffic-to-their-home-listingsReal estate business owners have a lot of juggling to do, from enhancing property listings to house showings and making sales; they have a lot on their plates.]]>

Real estate business owners have a lot of juggling to do, from enhancing property listings to house showings and making sales; they have a lot on their plates. Marketing sometimes takes a backseat even when the competition is really high in this industry.  

 

NAR reports for 2020 say there are more than 106,548 real estate brokerage firms in the USA and more than 1,564,547  agents and brokers. The competition is steep, and the time is less to crack deals. What real estate agents and realtors need is simple but effective marketing strategies to increase traffic to their listings. 

 

All of the real estate listings are competitive. Different businesses have property units in the same housing complex or area or malls or commercial spaces. How do you get more traffic and leads than your competitive brands?  

 

Our team at Assetsoft has over a decade of experience in planning strategy and leadership for real estate companies to help them sell better and excel. With that experience, we have carefully curated a list of simple and effective marketing strategies to increase traffic to your home listings. Read this blog to find out more about them.  

10 effective ways to get more traffic to home listings 

While there is no one-step trick to successfully selling your properties, there are many ways to make more potential customers visit your site and look at your listings. Here are the top 8 ways to do it.  


  1. Become mobile-friendly 

 

Before the pandemic, verbal marketing and directly speaking to customers was still an option in real estate. But after the pandemic, using proper technology selection and making your business mobile-friendly has become inevitable. Why? NAR reports have found that 97% of people used the internet to find houses during the pandemic. Among these, more than 76% used mobiles and tablets to conduct these searches. 

 

If your brand is not mobile-friendly and responsive to online searches on remote devices, then you will surely lose this 76% of the customer base. If you want to cater to this audience, especially the millennials and Gen Z homebuyers, then going mobile is the only way forward. Things like click to call, tap here to see more listings, chat with us, etc., can be effective tools to get more traffic. You can also add quick CTAs (calls to action) to make your site visitors speak to you directly. 


  1. Cater to your type of market 

 

When you are setting a goal for your marketing team to get more traffic, remember that you should decide your target audience for each marketing strategy. It will be vague if your strategy and leadership are not designed for a specific market type. If your property listings are more student-friendly, then there is no point in marketing them to office goers. Or if your property listings are only for commercial warehouses, then why market it to the whole world?  

 

Plan an effective strategy and leadership plan where you use geo-locations and age segregation to market to a specific number of people only, to stay relevant and get more traffic.  


  1. Upgrade your photography 

 

Old photographs are outdated. You need great photography and editing to enhance your listings. Things like drone shots, top aerial view of your properties and showing real pictures is great to increase your credibility and attract customers. You can also start using virtual reality home tours by staging your properties and helping customers understand how the properties will look.  

 

Studies have found that more than 77% of customers want to see a virtual tour of homes before physically visiting them. The better the quality of your photos, the better your tours will be. So team up with a photographer to get started on this journey.  


  1. Upgrade your technology selection 

 

The right selection of technology in project management is the only way to automate the property listing process. Use CRM software or property management software like Yardi or MRI to keep track of your inventory and update listings in real time to drive up sales. If you take a long time to get updates about your inventory and then make listings, your competitors will sweep in and take the business away from right under your feet.  


  1. List your properties on third-party websites  

 

Listing your properties on your own website is the first step, but real estate aggregators' websites are doing a great job in helping businesses get more traffic. Use other third-party websites to get more traffic to your listings and website. These are paid services, so make sure you list your best properties on these websites to make people click on your listings above other competitors.  


  1. Do not keep leads hanging; follow up 

 

When a lead becomes unresponsive, it is your duty as a real estate property manager or business owner to nudge them with incentives to get their business. Talk to them even further and send them customized listings and offers on your properties to get them talking.  


  1. Understand your USP, sell that 

 

Every business or brand should know its USP; marketing strategy and leadership can never be generalized. If you still have not identified your USP, it is time to start. Your USP will set you apart from your competitors. Tell your potential customers what extra you offer that other brands don’t. This will increase their curiosity about you and increase your traffic.  


  1. Feature your best properties and customer reviews 

 

Marketing reports by Invesp have found that customers are ready to spend 31% more on businesses with great online reviews. And more than 86% of customers are sceptical about doing business with brands with negative reviews. So, showcasing your great customer reviews is important if you are conducting business online. They must be featured on all your online pages and highlighted for your other potential customers to see.  


Focus on Pages that Drive Traffic

 

Along with online reviews of previous customers, also feature your best properties at the top of your website. Get customers to click on the listings to increase the traffic and viewership on your page.  


Partner with Assetsoft


Assetsoft can help you device the right project management strategies, streamline your real estate operations and more. We offer the right advisory solutions and tech implementation for your business, and can help you with a digital adoption strategy tailored to your business needs. 

Make Project Management Easier with Assetsoft

Confused about effective marketing strategies in real estate? Is increasing traffic on your listings taking a backseat? Or are you overwhelmed with the unending number of works on your plate? Give us a call. We can help you better plan your strategy and leadership to avoid these problems.  

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]]>Wed, 05 Oct 2022 13:44:47 -0500<![CDATA[Underrated MRI features that you need to start using for better property management  ]]>https://www.assetsoft.biz/blogs/post/underrated-mri-features-that-you-need-to-start-using-for-better-property-managementMRI software is one of the top-rated real estate property management software in the market at present. With increased adoption, MRI software made it to the Inc. 5000 List of Fastest-Growing Private Companies in U.S. two years in a row.]]>

MRI software is one of the top-rated real estate property management software in the market at present. With increased adoption, MRI software made it to the Inc. 5000 List of Fastest Growing Private Companies in U.S. two years in a row. With dynamic new features, affordable pricing, customizations, and third-party integration options, MRI software has a global presence. 


As a real estate property manager, you probably know how selecting the right technology and optimizing its use is important for project management. Here are some of the lesser-known features of the MRI software that you need to know about to maximize resource optimization.  

Property management software to streamline work 

The most basic use of property management software is to manage all properties and units under your portfolio. Managing includes back office work, coordination between all stakeholders, accounting, data analysis, tenant onboarding, developing budgeting and forecasting plans, and more. These are all basic uses and more or less can be found in most property management software. But each property management software has its own hidden features that are lesser-known, and using them can help your business get an edge over all the competition. Because chances are, your competition already uses a similar property management software as you do.  

MRI software features that you did not know about 

New technology implementation can be a struggle for real estate businesses because most of them are very new at handling technology. A lot of these underrated features can be lost or forgotten about during implementation, so here’s a quick guide to get you started.  


  1. Meeting housing compliances 

 

There are many governmental guidelines and compliances in running an affordable or public housing facility. But due to many hindrances n their daily tasks, it is hard for Public Housing Agencies (PHAs) to keep up with these compliances but any violations can also lead to a legal fine and further harassment. MRI has developed features to effortlessly keep up with all Housing and Development (HUD) compliances. They have a tenant screening process assistance for residences to get all documents verified and sent on time to avoid any challenges.  


  1. Online rent payment and automated reminders 

 

The pandemic has shown real estate business owners and property owners the true value of digitalizing their process. MRI software helps in online rent collection, works with late payment requests, and sends automated notifications to all customers when rent is due. This helps property managers and landlords collect rent remotely, never lose out on money, and hamper cash flow due to travel restrictions of the pandemic.  


  1. Waitlist management 

 

There are many applications that come in for the same property and even the same units, and screening through all of them is a crucial but boring task. MRI software can automate this process with its waitlist management process. It filters through incomplete and fraudulent applications, tracks all dates and data, backs it up on cloud storage, and reduces the waiting time for all tenants before the onboarding process starts.  


  1. Voucher management 

 

The Housing Choice Voucher Program is a strategic scheme by the US government to get affordable housing for low-income families. These voucher systems have a lifecycle and need to be managed throughout to avoid fraud. All information on FMR, Payment Standards, Income Limits, and Utility Allowances is already there in the system and can be accessed with a click to never land in any legal trouble due to ignorance or human errors.  


  1. Workplace management 

 

Most real estate offices follow a “get it done” practice around the offices; though that process might work for you in the present, it makes management quite a pain. Automating this process not only saves up your valuable time, but your employees can then also work remotely.  


  1. Lease lifecycle management 

 

Commercial leases are complicated legal documents, which might seem quite boring and incomprehensible in general, but when any of the regulations are not met, they can end up in long-term legal problems. So MRI services offer an AI-powered lease abstraction plan where bigger commercial leases are summarized and simplified into shorter versions for better understanding. Such streamlined lease accounting can stabilize the financial and accounting work of the company. It helps real estate businesses keep up with FASB regulations, including ASC 842, IFRS 16 & GASB 87 compliances.  


  1. Investment and asset management 

 

Investments in the right places and managing your assets properly, and incorporating preventive methods for their upkeep is the best way to grow your real estate business. MRI services help you get better industry insights on the right investments, like technology selection, market trends, etc. MRI can also keep track of your asset lifecycle, from current conditions, insurances, and subscription deadlines and help you prevent any complaints from tenants by getting ahead of the curve. The right technology selection and your strategy and leadership body can get you your money’s worth on your assets and investments.  


  1. Gain performance insights with data analytics  

 

A proper strategic plan based on customer buying patterns, authentic market trends, and data can significantly help in business growth plans. MRI services can tell you which of your properties sold out faster, which one had maximum tenant turnover, which ones are dead investments, and which have the potential for growth. Analyzing these data with the human workforce can be time-consuming and bound to be filled with minor yet fatal human errors.  

Integrating MRI software with Assetsoft 

Looking for an MRI partner to help you with proper advice on integrating and using the MRI software to manage your real estate business? Assetsoft is here to help. From the right selection of technology in project management to providing staff training to help in a seamless SaaS integration process, our team will be there with you every step of the way.  

 

Want to know more about our services? Book a free consultation call with us and talk to us in detail about your property management needs.  

Get Started Now
]]>Sun, 12 Jun 2022 23:29:00 -0500<![CDATA[How Rising Warehouse Demand is Helping CRE Stay Afloat Amidst the Pandemic ]]>https://www.assetsoft.biz/blogs/post/how-rising-warehouse-demand-is-helping-cre-stay-afloat-amidst-the-pandemicThough hotel and restaurant-based real estate suffered a lot, warehouses kept booming with business throughout the pandemic and kept many real estate businesses afloat. Some of this rise in demand is here to stay due to the permanent changes the pandemic has had on people.]]>

The pandemic has had a significant impact on Commercial Real Estate. According to Deloitte market research, more than 27% of US businesses saw a significant decline in their revenues in the first few months of the pandemic itself.  

 

As many as 78% of small businesses said they could not keep up with their overhead costs of paying rent and paying employees even when there was hardly any business coming in. This was one of the biggest hits the industry has taken after the 2008 global recession. 

 

But everything was not so gloomy for CRE businesses that owned warehouses and commercial storage spaces. Though hotel and restaurant-based real estate suffered a lot, warehouses kept booming with business throughout the pandemic and kept many real estate businesses afloat. Some of this rise in demand is here to stay due to the permanent changes the pandemic has had on people.  

 

As a real estate owner or property manager, if you are looking to diversify your portfolio into warehouses, keep reading.  

Short-term effects of the pandemic on warehouses 

In the initial days of Feb - Marc 2020, businesses and daily activities came to a halt due to the pandemic and restrictions that came with it. Most economic activities took a bad hit, including regular sales, and warehouse demands also saw a fall like all other Commercial Real Estate (CRE) properties. Other than home essentials, there was hardly any demand for things, hence the drop in demand for storage. Due to the sudden halt in business, it was hard for retail shops to get inventory out of warehouses, which saw a dip in warehouse demand in the initial months. 

 

But things changed pretty quickly after the initial few months. Here’s how. 

Long-term effects of the pandemic on warehouses 

The demand for warehouses and storage facilities bounced back to its pre-pandemic demand, and soon companies started looking for different warehouses. This sudden rise in demand had many factors at play and left many long-term effects on the CRE business and how companies and their leadership and strategy committees are shifting their priorities.  


  • Rise in demand due to rising e-commerce sales 

 

UNCTDA market research said that the global e-commerce business rose to a whopping $26.7 trillion by 2021; not only did it help businesses get back on their feet, but it also worked wonders for CRE businesses that own warehouses. Bloomberg news report says that in the US alone, e-commerce sales rose by 15.7% by mid-2020, and it kept increasing in the next two years to come. E-commerce is all about the warehouse, storage, and deliveries; there are no retail shops to look at. This sudden increase in e-commerce increased the demand for warehouses, and companies even paid extra to get their hands on new warehouses.  

 

The Daily Targum reports say that this rise in e-commerce during the pandemic is here to stay long after the effects of COVID subside. Many real estate businesses took a closer look at their business process overview and were quick to adapt to these rising trends.  


  • Offering inventory management is crucial  

 

Many businesses across domains started their e-commerce businesses after the pandemic hit, even offline businesses went online, and they hardly had any idea about inventory management. So real estate project management in warehouses needs inventory management. Many property managers and business owners are offering their own inventory management systems with the right technology selection to drive up their warehouse sales and get new customers. Real estate businesses are using everything to offer inventory management, from AI-powered tools to the latest software to streamline the process and regulate inventory.  


  • Warehouse logistics automation 

 

The sudden rise in e-commerce and warehouses did not anticipate the need for extra labor to handle this added pressure in business. This led to the need for automation of multiple business processes like invoicing, tracking, packaging, pickups, team coordination, accounting, inventory management, order management, and more. Even stakeholder and customer interaction can be automated with RPA bots, and real estate owners have adapted to it.  

Case studies on increase in warehouse demand  

Due to the sudden increase in demand for e-commerce, businesses have invested and improvised in adapting to it and getting on top of it. Here are some real-life examples of how the most prominent businesses influenced the sale of warehouses to inspire your expansion into this sector of business.  


  • ShipBob 

 

ShipBob is an online e-commerce fulfillment solutions brand that offered its employee an option of complete remote work; this left them with a lot of free office space; in the beginning, they suffered some losses due to the sudden shift. But they changed their business process pretty soon; they started reducing their office space and rented it out to other companies, and increased their warehouses. CNBC reports say that ShipBob expanded its warehouses to 24 locations by 2020 and planned to make it to 37 by the end of 2021. This immediate change helped them soar in their business and did not let their financials suffer.  

  • Walmart and Amazon 

 

Bloomberg news report data says Walmart, which was famous for its retail outlets, also increased its number of warehouses from 4 before the pandemic to 11 during the pandemic. Amazon took to this trend of rising sales and jumped its number of warehouses from only 4 to 27 across the USA alone.  

Diversifying your property management plans with Assetsoft 

All businesses are adjusting to the new normal, but CRE had one bright side to their business even through the aftereffects of the pandemic. But diversifying your business is just the start of it; you also need to diversify your technology selection in project management to handle this new business and properties. At Assetsoft, we can provide you with an assistive technology implementation plan to pave the way forward. Our real estate tech experts are always updated about these market trends and new software, and we can guide you. 

 

Talk to us to know more about our work and how we plan to assist in your growth and property management plans.  

Get Started Now
]]>Fri, 10 Jun 2022 23:23:30 -0500<![CDATA[How our CRE strategies can help your real estate business]]>https://www.assetsoft.biz/blogs/post/how-our-cre-strategies-can-help-your-real-estate-businessKnow how implementing the right CRE strategies can help your real estate business. Find out about the best CRE strategies and tips to help you.]]>

Digital adoption might be a trendy thing for businesses these days, given the big jump in the use of technology post-pandemic and remote working trends. But having a well-planned strategy for digital adoption is the only way to make technology selection a worthwhile investment. The whole process is quite redundant if you do not customize your strategies according to your specific business needs and goals. 

 

At Assetsoft, our team of real estate market experts and tech team have your business goals in mind while developing your digital adoption strategy. We provide a comprehensive and holistic software integration and technology implementation plan, including installation, training, support, offshore operations, and more. Read this blog to learn why a customized digital adoption strategy is important for your real estate business and how the Assetsoft team can help you in the whole journey. 

Why digital adoption strategy is essential for you

The specific benefits of your digital adoption strategy depend on your selection of technology in project management, but there are some common and significant benefits that you must know about. According to Gartner research reports, the global SaaS market is set to reach $397.5 billion by the end of 2022 and more companies and various industries are increasing their investments in digitizing their process to boost this increase in market shares. Market research on SaaS industry trends also says that 73% of companies are planning to shift all their systems to SaaS, and 44% of them are also increasing their budget for their SaaS integration plans.  

  • Increased internal efficiency 

 

When you adopt the right technology implementation plan, it can automate and digitize a lot of your time-consuming and strenuous office work. Keeping a log of sales, keeping contact details of tenants and vendors, verifying the authenticity of transactions, and coordinating between office teams and on-ground teams or construction teams. Coordination between agents, property managers, realtors, landlords, and homeowners or tenants can be done remotely, from your mobiles or laptops. 

 

The digital process will free up crucial time for all the stakeholders and increase the general efficiency of your team when they are freed from tedious and boring office work. Why? Simply because your workers may not say it, but Automation Anywhere survey and Business Insider reports say data entry and back office job is the most hated work according to popular opinion. 


  • More value for customers' time 

 

When you have the right digital adoption strategy planned out, you can speed up your work. When that happens, you do not have to keep customers and potential customers waiting in line; you can also use RPA chatbots to mimic human responses and get back to your customers immediately, even when your actual human support staff is busy. This will increase the credibility of your business and gain trust in your brand name. 


  • Reducing overhead costs 

 

The digital adoption strategy, when it is well thought out and pre-planned, can cut down your business operating costs significantly. Your data will all be securely backed up on the cloud, and you will not have to keep bulky paperwork stored in the offices; you can also save much money by employing more staff to sort out the data and file them appropriately.  

 

That is why EY market research on digital adoption plans in the real estate industry found out that more than 69% of real estate owners think technology adoption is crucial and on top of their priority list. 64% of them also insisted on the massive reduction in business running costs they saw after digital adoption and how it positively impacted their financial health. 

How Assetsoft can help in your digital adoption strategy

There are many software integrations and digital adoption strategies that companies can plan. But the main point is, are you using the latest technology to its total capacity and getting the maximum return on your investment? Is it optimizing your resources? Here’s how Assetsoft can help in doing that. Check it out. 


  • Get ahead of the competition 

 

The best software has become standard for most brands, and implementing the latest tech in real estate is the norm. So, only the right digital adoption technology can set you apart from your competition. Our team can help you get customized features that are specifically tailored to your business and get real value for your money. 


  • Staff training and onboarding 

 

Shifting from manual processes to digital adoption can be a sudden and intimidating journey for some businesses. New technology selection can be daunting to use at first; that is why our team provides staff training and onboarding. We will help you adapt to the new process every step of the way; our tech team will ease the process for your staff and smoothen the journey. 


  • Back office support and troubleshooting 

 

Even after the integration process is taken care of, a digital adoption journey still has a long way to go. Any new technology selection comes with its problems; we will provide back office support anytime and anywhere. We will have a dedicated offshore help desk for your business and your software adoption. Any glitches or technical difficulties will be looked into immediately, and we will do all the troubleshooting on your behalf. 


  • Business process optimization 

 

When you make a proper digital adoption strategy, you make a larger plan for your real estate business; you make a centralized data system and business process for the whole company. You might already have an existing ERP system to handle your properties, but automating back office tasks and other work with the help of such software will help you optimize your resources along with digitalization. Our team can help your strategy and leadership body to rethink their plans accordingly. 

End-to-end digital adoption strategy with Assetsoft

Most real estate companies hesitate to get into a digital adoption strategy because traditional business methods have worked wonders for their business for decades. But they are bound to realize that the new age business and the rise in millennial homebuyers demand a shift in your office working systems. That is why Assetsoft has a hands-on approach to integrating new digital solutions for businesses.


We adopt and customize our plans based on your needs and work out strategies in a way that even if you use the same software as your competition, you will still have the edge over them. 

 

Get in touch with our team to know more about our work. Talk soon!

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]]>Sun, 05 Jun 2022 18:27:16 -0500<![CDATA[MRI Residential Management vs Commercial Management - A Comparison]]>https://www.assetsoft.biz/blogs/post/mri-residential-management-vs-commercial-management-a-comparisonHow do you choose between MRI Residential management vs Commercial Management? Here is a guide to help.]]>

The real estate business has many facets to it, commercial and residential being two of its broadest divisions. Property management for these two are vastly different, and real estate project management software providers have developed niche options to handle each of them individually.  

 

According to EY market research on technology selection in real estate, 61% of real estate companies have adopted some form of software technology to advance their business process. What is more interesting is that more than 82% of real estate companies also said that they plan to go for third-party external SaaS integration solutions and not develop in-house software to avoid hassle and save money.  

 

MRI software is one of the best SaaS providers for real estate available in the market and it has different versions of the software available for residential properties and commercial real estate management. Before you start the integration process, read this article to find out the top features of both and the advantages they can have for your business. 

Why do you need different management systems for each?

Residential properties mostly include single-family homes, affordable housing societies, or small multi-family properties. They are vastly different from commercial real estate (CRE) properties which include retail spaces, shopping complexes, warehouses, hotels, parks, restaurants, airports, and even bigger multi-family homes. The amount of office work, paperwork, sales, marketing, and lease management involved in each are different in type and proportion. 

 

CRE has more bulky data and minute legalities and needs much more marketing to drive up sales. Residential properties, on the other hand, have much lesser requirements, but their management needs to be more tenant centric to improve business and tenant relations. That is exactly why you need different systems to manage each of these property types. 

MRI residential property management 

There are many exclusive features of MRI residential property management and the benefits that come with it. Check them out.


  • Attract new tenants 

 

When you provide a seamless tenant experience on your website, you will attract new customers. From providing prompt response to potential customer queries to hassle-free onboarding, tenant screening, rent collection, access to tenant portals, etc., will amp up your reputation in the market. Why is that important? According to the National Association of Realtors (NAR) findings, they say that real estate works on a social recommendation through friends and trusted ones. More than 75% of people recommended their real estate agents to their friends and family if they liked their own user experience. 


  • Simplified living for residents 

 

MRI software provides an easy-to-use tenant portal where residents can raise complaints, pay rent, look at their lease, etc. MRI services are tenant centric and will help you get in the good books of your customers to reduce tenant turnover and improve lease renewal rates to impact your ROI positively. 


  • Property management runs seamlessly 

 

MRI software has an easy-to-use dashboard that can be handled by all your employees. You can access real-time data about your properties, assets, inventory, investments, and tenants from this dashboard. You no longer have to wait for long-drawn manual systems to get updates about your sales or look into tenant grievances. They also help you save contacts with vendors and other stakeholders to simplify management. 


  • Understand your financial health 

 

The MRI software has budgeting and forecasting tools that can go through all your accounting and financial data and give valuable insights into your financial health. It will help you plan your strategy and leadership better and understand potential areas of expansion and scale growth. 


  • Risk management 

 

This software can flag any problems in residents' background checks during tenant screening; it can also alert you to discrepancies in payments or any abnormality in rent payments. It will help you mitigate all risks beforehand. 


  • Public and affordable housing management 

 

Public and affordable housing is a noble cause, but its management comes with a lot of hassle and much paperwork and governmental compliances. MRI residential property management can help you streamline the process and make living better for your residents. 

MRI commercial property management

MRI commercial property management is used for commercial properties like retail shops and warehouses; here’s how its features help you manage better. 

 

  • Reporting and analytics on data 

 

The MRI software will get you insights into your data; it will help you understand the performance of your portfolio and your assets. It will also help you understand customer buying patterns and real estate markets and pave your way forward. 


  • CRE lease administration 

 

CRE leases are a living nightmare for property managers and owners, mostly because they include huge amounts of paperwork and are filled with legal matters. MRI services include AI-powered tools that extract leases, authenticate and analyze them to get you comprehensible data. With this technology selection, you can automate the whole lease lifecycle.


  • Remote management with tenant connect  

 

During the pandemic, many real estate landlords found it hard to collect rent due to social distancing norms and economic crises. But MRI provides a cloud-based SaaS system that automates the rent collection process, and property managers can handle that remotely and avoid delays in payments. 


  • Electronic signature for e-contracts 

 

The present generation is very comfortable with buying things online, including properties; this process has been further improved by MRI software’s e-signature facility for online contracts and deals. These are easy-to-use, data is authenticated and secured on cloud systems, and the real estate deal can be made remotely without physical human interaction. 


  • MRI Findspace for faster sales 

 

MRI Findspace is a new-age solution to your marketing and leasing plans in CRE. It centralizes all your lease and marketing data on a cloud system and helps you find authentic leases and indulge in target marketing, and drive up sales. 

Implementing The Right Real Estate Property Management Solution for You

At Assetsoft, we provide an assistive technology implementation plan and will help you optimize your MRI property management software use. We also help in the integration of other software like Yardi, Procore, UiPath, and more to automate your whole property management system. From providing advice on technology selection to integration and providing staff training, our team of tech experts has a solution for all of it. 

 

To know more about our services, give us a call and book a free consultation call to discuss in detail. 

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]]>Sun, 05 Jun 2022 18:19:34 -0500<![CDATA[Top Things a Real Estate Asset Budgeting And Forecasting Software Can Help You With ]]>https://www.assetsoft.biz/blogs/post/top-things-a-real-estate-asset-budgeting-and-forecasting-software-can-help-you-withDid you get your real estate asset budgeting and forecasting software yet? Here is what you're missing out on, if you haven't!]]>

Despite the Covid 19 hit, the real estate market is still lucrative. For 2022 alone, the CREA predicts a 7.6% rise in the national home price. The forecast for real estate businesses looks bright, with tags expected to reach $721000 on average. 

Why You Should Switch to an AI Budgeting Forecasting Software Now 

The real estate market is a hub of innovation, with customized APIs and MLS helping streamline budgets and accounting. Meanwhile, the latest ERPs provide businesses with greater insight into day-to-day management. So, if your business is still sticking to the same old time-consuming manual system, we say it’s time for a change.  

Integrating a comprehensive asset budgeting and forecasting software like MRI can optimize your business model.  

Budgeting vs. Forecasting 

Top Differences

Since they are both a part of the financial side of businesses, it is easy to mistake budgets and forecasts as the same thing. It is true that both practices have their basis in information analysis and essentially use the same past data. But while the former focuses on resource allocation, and the latter uses the data to predict future trends.  

Preparing a budget means planning the company’s financial resources according to the required expenses. Such outlining considers factors like mortgages, cash inflow, and operating expenses. 

Why AI Forecasting is More Accurate 

On the other hand, forecasting analyses past trends to help prepare the business for future changes. Traditional business predictions usually hinge on things like ‘insider knowledge’ or a well-honed sense of intuition. But AI budgeting software is driven by complex data to make informed suggestions to business owners. 

Implementing automated software can help you optimize financial outputs. It is far more accurate than word-of-mouth predictions because forecasting takes the latest market patterns before making recommendations. 

AI Software for Beginners 

Yardi and MRI are popular budgeting and forecasting software for first-timers. The former’s Aspire program targets entry-level users focusing on self-paced exercises. Yardi Aspire is a centralized platform that offers an extensive collection of courses and live seminars to help up-skill your team. From automating lease calculation to making budget reports and boosting overall productivity, here are the top things an AI real estate asset management software can help you improve. 

1. Optimizing Your Budget 

An automated software helps eliminate errors in the budget. This technology is significantly more efficient and accurate than the manual system. A lot of the time, added corporate expenses like fees and taxes have to be a part of the budget. The AI budgeting technology ensures that the information provided is correct and updated with existing norms. 

Features of Advanced Budgeting and Forecasting Software

Software like Yardi has in-built functions that continuously read the net present values and internal rates of return of your portfolio. Its Advanced Budgeting and Forecasting feature helps enhance your business’s budgeting accuracy by improving factors like cost control.  Additionally, well-informed, data-oriented market forecasts help streamline the budgeting process. In particular, the AI’s Lease forecasting helps maximize your business’s return on investment. This technology aims at providing the most accurate readings by minimizing the use of the error-prone manual system.  

Why a Good IT Partner is Important 

Aside from the technological aspects, it is crucial to find an excellent firm to work alongside you. The best consultants understand your business as a unique entity and offer you better results, even at the same price.  

2.  More Accurate Data

The Trouble with Excel 


With AI Budgeting and Forecasting software in place, the days of pondering over spreadsheets are over. A 2020 report shows that 82% of the workforce still use Excel sheets for budgeting. This proportion indicates that 82% of the financial data is still far from correct. It is because Excel is labor-oriented and prone to crashing.  


Benefits of Budgeting AI Integration 

Aside from this, projects that require two different departments to work together are often taxing businesses with a traditional model. Implementing a business budget software like Sage Intacct in such cases can be the solution. Financial actions are the central role of this technology. Features like billing and voicing, fund accounting, payroll management, and more are the primary functions of this software.  Departments that generally would not contact the finance team can now communicate. This seamless communication can aid in creating a consolidated and dynamic workplace. However, in addition to this, it also integrates multiple channels to increase workplace productivity.

3. Anticipating Bumps in Business

Software Innovation and Real Estate 


A study shows that almost 50% of the participants thought the real estate sector to be the primary beneficiary of software innovation. The people believed that this market would benefit from advancements in AI, data analysis, and more. The apparent efficacy of AI software in real estate only strengthens such a view. 


New Way of Forecasting 

In the traditional business model, forecasts about businesses usually came by word of mouth.  But the new business model analyzes patterns in existing data to make strategic decisions to overcome potential financial upheavals. The market is no longer intuition-led but uses various economic factors to forecast business trends. 

Using Forecasting Tools  

Today, BI or Business Intelligence software analyzes raw data to customize predictions for your business. It crunches everything from reports, charts to market trends to provide valuable insight. This system aims at providing detailed information in a more productive, cost-effective manner. 


Adopting a strategic position bracing for changes in the market can have several other advantages. For example, it helps instill a sense of stability and confidence in your business in clients. They take heart in seeing you capitalizing on opportunities that others haven’t anticipated. The projections anticipated by a reliable forecast also help employees benefit the most from the company budget.  Team leaders also benefit from these predictions. Aside from easing cash flow, leaders can pay attention to the most vulnerable sections of the businesses.  Labour and expenses to these places are prioritized, helping maximize productivity.  


Forecasting tools like Sage CRM come in handy during such times. The integrated module help businesses predict future sales reports. As a result, Sales Managers can hone their strategies and train their teams.  

  

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