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What will CRESSblue cost me?
ESTIMATOR
Use this calculator to estimate the monthly cost for your portfolio.
CRESSblue pricing is based on the number of regional management offices, users and leases you manage:
It is easy to overestimate how many users need high-level professional and standard licences. For example, property owners and tenants use the respective portals to access their reports and service requests and do not require paid user licences. See this article (scroll down to the subheading “How many licences do you need?”) for more details.
Make your selections to estimate the monthly cost for your portfolio:
Pricing includes:
High-value return
Increase profitability, streamline professionalism and create the capacity to manage a larger portfolio.
CRESSblue members can expect to experience these benefits and see a $1 return in value for every 25¢ spent on CRESSblue (ask for details). So, what can CRESSblue do for you? Consider the following example scenarios and visualize the impact on your company.
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
Ready to see CRESSblue work?
