Shorten the Leasing Lifecycle

Yardi Commercial CRM

By Leah Etling on Oct 16, 2012 in News

Commercial clients attending this week’s Yardi Advanced Solutions Conference in Santa Barbara can focus on maximizing business efficiency when selecting from a comprehensive track of classes.

One of many exciting new lead and lease focused applications from Yardi Systems that will be introduced is Yardi Commercial CRM™, which offers commercial real estate professionals the ability to streamline and even shorten the leasing cycle.

Cutting down the time spent on property lease up is crucial for commercial property owners and leasing professionals in order to enhance revenues and minimize unit turnover time.

Kim Maddox, Commercial Product Specialist for Yardi Systems, explains how you can save the carrying cost of vacant space by shortening the leasing cycle.

“For example, let’s say you rent on average 2500 square feet at $37 per square foot.  If you shorten the leasing cycle by three weeks for one lease, you will accelerate $5,336.54 of additional rental revenue on that lease.

What factors will help reduce the cycle time?  Examples include saving a leasing agent’s time, easy access to information (available space, existing leases, encumbrances, budget, prior rent and market rent), tenant communication logging, tracking activities and events, facilitating proposal generation, counter-proposals and approvals, facilitating lease drafts and approvals, facilitating floor plan generation and approval, facilitating transmission and approval of construction documents, construction budgets and facilitating tenant build-out.  There is much to be gained through the use of an integrated system to accelerate this process,” Maddox said.

Among the features of Yardi Commercial CRM:

• Prospect and customer contact information is centralized in Yardi Voyager™ and contact history is tracked throughout the leasing process, from first contact to final signing.
• Integration with Microsoft Outlook and Yardi CRM Mobile means you need never be out of reach of key client data.
• Automate the leasing process, including proposal creation and lease execution.
• Lease abstracts can also be run from Yardi CRM Mobile, available for iPhone and iPad.

Other commercial course track highlights at YASC include:

• The most recent changes to Voyager Commercial will be highlighted, and there will be an exciting preview of changes for the coming year.
• Basic and Advanced Yardi Orion for SharePoint courses. If you’re unfamiliar with this exciting new platform, get acquainted. The Advanced class will demonstrate dashboard creation and how to harness the power of the data cube.
• Advanced lease administration, reporting, retail calculations, recoveries, and commercial adhoc offerings.

See the full schedule of YASC class offerings to plan your time in Santa Barbara.