These are the 7 features of your CRE database that you can not miss in your system. Update your system with them right now! 

1. Database administration system  

The top feature for brokers' and agents' databases is to have a database administration system. This helps them to gain a competitive edge in managing their own CRE database and allows autonomy within the system and office.  

Features of commercial real estate information administration and management can help streamline the following.  

• Data duplication or fraud detection. Or red flagging discrepancies in big data. These can be very well ignored or left out in excel sheet analysis. Why? Research says more than 90% of excel sheets we use have major faults in them.  

• Custom logs that are prompted by actions may be sorted and analyzed accordingly. These actions may include things like adding or removing new properties and uploading or deleting customer details.  

• Uploading and amending property data manually and automatically.  

• A mass data upload feature where you can integrate and import data from spreadsheets in a few clicks and automate their sorting.  

• Automatically putting together targeted lists.  

• Real-time availability management, 

• Following up with potential contacts. Sending automated notifications.  

• No restriction on the number of attachments or media references.  

2. Database filtering  

There should be a streamlined database filtering and search option. The list of features that this should include are, 

• Use keywords, phrases, and terms to search for inquiries. 

• the possibility to save results for later use without having to recreate the query to retrieve a specific piece of information. 

• Check, search, filter, and sort each property record under your portfolio to see any relevant requests, vacancies, transactions, and rentals for that particular property. 

• The option to add and structure required fields to PDF or Excel documents, with the versatility to alter the fields you're working on. 

• Segmenting searches according to buyer intent, customer priority, type of sale, sale possibilities, property type, and more.  

• search criteria that can be changed by factors like location, price, property features, availability, listing status, parking type, and more.  

Research says that filtering data helps with better data security, improves IT work efficiency, and reduces redundancies in business processes.  

3. Data analytics tools 

CRE has a bulk amount of data, which can be intimidating for employees to process, sort, and then analyze. That is why you need a database feature where the raw data is automatically analyzed. It must provide you with comprehensive and simplified reports so that all stakeholders can get involved. The right CRM can easily do this. 

From analyzing market data to making reports about customer data, you must have an analytics tool that automates these processes. It can also track and analyze data about past sales, marketing strategies, transaction pipelines, and more.  

4. Data importing system  

Even though you use a new CRM system to manage your database, does not mean others will do the same. Like your vendors and customers can easily send in data on excel sheets and PDFs. So, your database must have a data importing system that can import and sort data in a few clicks. If you have to manually enter every data into your database then this technology selection becomes useless for your team.  

5. Agent profiles and analysis  

Your database must also have individual profiles for each agent and broker. This will help you get quick glances at their profiles, sales reports, previous work, and performance. This will help you understand which agent is performing better and who is making you lose business. You can constantly keep track of their work activities and the results they bring. Once you have this information in place you can work on your strategy and leadership to make necessary changes.  

6. Complex information portal for all properties  

CRE portfolios are generally very complex. Hence your database needs features to work on these, 

• Customized alerts for newly listed properties, price changes, image updates, changes in property availability, and more.  

• Specific listing details like ownership data, area information, expanses, or rework details, and more.  

• Direct communication with a broker using the contact page or by phone. 

• Customer feedback and ratings. 

• Parallel comparison of properties.  

Even though many CRM system selections and implementations fail, the right database features can ease the matter. That is why more than 65% of companies across industries now prefer to work with CRM software. Are you worried that your real estate broker/agent database does not have enough features and your CRM is not doing enough? Get in touch with our team at Assetsoft.  

At Assetsoft we have multiple industry experts who have over two decades of experience in helping real estate businesses make business decisions. From software feature customization, database management, technology selection, and implementation, we do a lot. Want to know more about our services? Book a free consultation call with us and talk soon for more.  

The millennial homebuyers are very different from the boomers; they want to focus on health and overall wellbeing than just cater to city life. The pandemic helped many of these people save a lot of money when they did not have to commute to work. Though this money is enough for them to buy urban houses, they can surely afford to buy suburban homes. 

With these two factors added together, many of these remote workers are now buying houses in the suburbs and permanently shifting. This has opened up a new demand for suburban homes, and this trend is here to stay in 2023.  

Preparing for the new years new real estate trends 

After two years of a business slowdown, the real estate industry is recovering. You need to strategically plan all your next steps to beat your competition in the upcoming year. The market is volatile; do not add bad strategy and leadership to this cocktail and burden your business even more than before. 

Get outsourced help from the Assetsoft team. Our range of services is quite diverse, from technology selection to planning strategy and leadership to project management. Do you want to know more about them? Get