Boost your remote property management efficiency
Remote access PM system.
Centralized data management.
Digital document distribution.
Get the facts and be your company’s hero.
Remotely manage the leases and accounting of your commercial properties with greater efficiency than ever before
Dramatically improve your productivity
Stop doing repetitive work manually.
Stop following unnecessary processes.
End communication bottlenecks.
Stop allowing human error in calculations.
Stop the pain of managing complex lease and accounting needs.
Get automated.
Standardize administration and documentation.
Remotely authorize work processes such as bill payments.
Centrally track communications.
Instantly see your true numbers.
Tighten up data security.
Report quickly.
Be informed.
Be ahead.
Manage your property leases and accounting even if work-from-home is a requirement
- Property owner portals
- Tenant portals
- Online service requests
- Lease abstracting
- Rents and escalations
- Terms and extensions
- Asset management, complete with installed equipment schedules
- Life cycle adjustments for replacements and maintenance schedules
- Built-in CRA Capital Cost Allowance depreciation schedules for all asset classes
- Separate Capital Cost Recovery schedules as per the individual lease terms
- Notifications including lease options, service requests and work orders
- Expense allocations
- Direct cost recovery
- Slippage reporting
- Vacancy costs
- Recovery caps – Floor, Ceiling, % Y-Y, Fixed
- Management fees, fully customized
- Reconciliations, adjustments and statements
- Budgeting
- Overhead
- And more
Is CRESSblue right for your portfolio? Take this questionnaire and find out now.
But what will it cost?
A better question is, “What will it save me?” CRESSblue members can expect a $1 return in value for every 25¢ spent on CRESSblue (ask for details). To demonstrate, here are some examples to help you visualize how CRESSblue’s centralized data and digital documentation can impact your bottom line.
Megan and Dillon own and manage a growing property portfolio with four multi-tenant properties in two states.
Operating without property management software left Megan and Dillon unable to support further growth in their portfolio due to time-intensive manual accounting processes.
The automation in CRESSblue has completely removed the need for spreadsheets saving Megan five hours per week. Additionally, she chose to integrate CRESSblue with QuickBooks® Online. As a result, she has further reduced bookkeeping time by two hours per week. Her hourly value is $25 per hour, thus resulting in $700 per month in time savings.
$575/m
CRESSblue Cost
$700/m
Reduced Expenses
$125/m
Reduced Operations Costs
+
More professional operations and newfound agility to grow the portfolio
Control of a long-standing investment portfolio of 16 properties with 40 leases is being passed from one generation to the next.
Old verbal agreements and lapsed documents resulted in the need to reestablish the current methods of calculating rents for many mixed-use properties. Renegotiating and formalizing new leases was a lengthy process. However, the new generation of partners gained a solid education in commercial real estate practice.
Formalizing the lease terms and implementing them in CRESSblue allowed for the automation of the CAM and capital expense recoveries. CRESSblue licencing fees were just under $700 per month. In summary, the investment portfolio had an immediate 16.3% increase in returns for the first year.
$0.05/sq. ft.
CRESSblue Cost
$1.19/sq. ft.
Reduced Expenses
$1.14/sq. ft.
Net Expense Recovery
+
Improved efficiency, more robust performance reporting and 16.3% portfolio value growth
Two corporations owning 63 properties with 325 leases around the country are merging.
In essence, this combination of multiple antiquated systems and isolated users resulted in an inability to realize the intended productivity gains.
Combining the merger with CRESSblue implementation created significant improvements. Systems integration allowed the reduction of main office staff from nine to seven. Also, regional office hours were reduced by 35% due to the efficiency of using role-based online systems and automated calculations resulting in additional cost savings. Additionally, all transactions included audit trails for expense allocations, including digital versions of the supporting documentation. Markedly, monthly reports were available an average of 40 days sooner than previously. Similarly, annual reconciliations are now completed within 60 days of the year-end.
$1,993/m
CRESSblue Cost
$17,833/m
Reduced Expenses
$15,840/m
Net Expense Recovery
+
Centralized document control, standardized workflows, multi-role management, full audit trails and faster monthly reporting and annual reconciliations
Common questions property managers ask
Is this system best for commercial or residential properties?
CRESSblue is designed for multi-site, multi-building, multi-unit, multi-tenant commercial properties (i.e. office, retail, warehouse and industrial) that use net leases. At the same time, CRESSblue also works for anything simpler and easier. However, you won’t need its full capabilities just for work on residential leasing.
What exactly do I get with CRESSblue?
You get access to CRESSblue cloud-based Software-as-a-Service (SaaS). Your entire team can securely access permitted data through a web browser. This includes other stakeholders such as both accountants and realtors, as well as owners and tenants. What’s more, CRESSblue cloud hosting includes enterprise-level security and backup protection for all hosted software and data. Your membership also includes free software updates and enhancements at no additional cost. With the work-from-home restrictions in place now during the pandemic, the need for cloud-based systems is unquestionably clear.
I’m not sure I have time to move to this system right now. How much time will it take for me to be successful?
We all have busy lives. We know what it’s like to be so busy with the day-to-day, that the bigger picture gets missed. Frankly, that’s why we created CRESSblue! CRESSblue remote property management gives your firm the power to expand and contract as needed in response to disruption. By taking the time now move to an automated, cloud-based system, you maximize your company’s power to survive and thrive in challenging times. Of course, the more accurate and complete your lease documents are to begin with, the faster setup will be. And we are here to help. Book a call, and we can help you assess the time you will need to upgrade your company, as well as how much unnecessary expense you can save.
Move your company to a remote property management system that does more with less
Is CRESSblue right for your portfolio? Take this questionnaire and find out now.
It just might be the single most important business decision you make this year.
