MARKET OUTLOOK, REAL ESTATE INVESTMENT
PRweb | April 13, 2023
Specialist rental accounting and management platform, Landlord Studio has announced the launch of a fully-automated expense management solution for real estate investors, ensuring they never miss another deductible expense.
The new functionality enables Landlord Studio users to fully automate previously time-consuming and error-prone accounting tasks. The app now imports their bank transactions in near real-time and automatically matches them to scanned receipts before categorizing them properly, which radically improves accounting accuracy.
Staying on top of expenses is key to running a profitable investment portfolio - whether you have one or 100 units. By doing away with manual data entry Landlord Studio makes keeping accurate and up-to-date financial records easy, giving investors complete oversight of their finances throughout the financial year.
When paired with Landlord Studio’s real estate specific reports, such as the Schedule E report (Form 1040), the new app enables investors to both reduce their end-of-year accounting task list and file a more accurate tax return. As a result, investors that use Landlord Studio are able to find more than $500 per property each year in additional deductions, whilst simultaneously saving hours or even days of admin time.
Charles Chan, CEO of Landlord Studio said, “This new bank feeds technology sets the standard for income and expense management and is proving to be hugely popular with landlords in all markets. It radically simplifies the process of tracking expenses and is integrated with Xero, to make tax time super easy for accountants too.”
About Landlord Studio
Landlord Studio is a leading provider of income and expense management technology for ‘DIY’ landlords with between one and 20 investment properties. In business since 2014, Landlord Studio is used to manage more than 40,000+ properties across the US and UK and is growing fast thanks to its full suite of property management functionality that includes online rent payment, Xero integration, tenant screening and property maintenance.
MARKET OUTLOOK, REAL ESTATE TECHNOLOGY
PRnewswire | March 23, 2023
Evocalize, the industry-leading technology that powers many of the largest, most effective cross-channel digital marketing solutions, is excited to announce its partnership with Side, the industry's only real estate brokerage platform that empowers top-producing agents, teams and indies to create and grow their own business. Together, Evocalize and Side are drastically improving the way real estate agents approach local digital marketing on Google, Facebook, and Instagram by allowing the most sophisticated lead generation programs to be launched with push-button ease.
The partnership allows Side to offer its network of market-leading boutiques a powerful new tool for reaching and engaging their target audiences. Side's Digital Campaign Builder, powered by Evocalize technology, will leverage full MLS integration to provide highly-targeted, data-driven campaigns that reach consumers at the most opportune times and in the most relevant locations. Users can easily designate the program they want to launch, in which geographic area, and how much they want to spend. Once a campaign is approved, the technology will automatically optimize spend across Google, Facebook, Instagram and TikTok, displaying their ads on the channels most likely to drive engagement and quality leads.
Evocalize's technology supports businesses across industries, including residential and commercial real estate, mortgage, insurance, senior living, financial services, restaurants, franchises, travel and more. Its Collaborative Marketing Platform with EVOLVE artificial intelligence layer is designed to help national brands and technology platforms, like Side, take the complexity out of local digital advertising for themselves and their distributed users. The platform uses real-time data for automation and machine learning algorithms to optimize performance across multiple ad platforms, ensuring that ads are seen by the right people, in the right place, at the right time.
"We are excited to be partnering with Side, a company with a strong track record of empowering the most successful agents and teams in the industry. The common goal of both of our companies is to empower local agents and operators with the tools they need to grow their business," said Evocalize CEO, Matthew Marx. "Together, we are making it easier than ever for agents in the Side community to achieve their local marketing goals using the most sophisticated, data-driven techniques in just a few clicks."
The partnership between Evocalize and Side is a game-changer for agents and teams looking to invest in local digital advertising and stand out in their local markets. With Side's expertise and Evocalize's innovative technology, boutique companies in Side's network can now reach their growth targets more effectively and efficiently than ever before.
Evocalize's Collaborative Marketing Platform is used by multi-location brands, technology platforms (like CRMs), and online marketplaces to equip their locations, agents, and users at scale with sophisticated, push-button easy digital marketing that drives real business results and revenue. Evocalize is a partner in Facebook's Real Estate Top Provider Initiative and is a recipient of HousingWire's Tech100 awards in both Real Estate and Mortgage. Evocalize's technology supports businesses across industries, including real estate, mortgage, insurance, financial services, restaurants, franchises, travel, and more. Over 1,500,000+ sophisticated digital marketing programs have been run using Evocalize technology, generating millions of leads, and leading to thousands of transactions to date. Evocalize is backed by Madrona Venture Group, Move, Inc., Second Century Ventures and Habanero Ventures. For more information, visit evocalize.com.
Side is the only brokerage platform that exclusively partners with top-performing agents, teams and independent brokerages to create and grow their own boutique brands without the cost, time or risk of operating a brokerage. Side's proprietary technology platform and premier support solutions empower its agent partners to be more productive, grow their businesses and focus on serving their clients. Side is headquartered in San Francisco. For more information, visit side.com.
REAL ESTATE INVESTMENT, ASSET MANAGEMENT
PRnewswire | May 24, 2023
LeaseAccelerator, the world's leader in Lease Lifecycle Automation software, announced today that it has completed the acquisition of the LeaseController™ software-as-a-service (SaaS) product and related business operations from Deloitte.
"LeaseController is an excellent fit with LeaseAccelerator's existing solution portfolio and with our business strategy. Our focus on building easy-to-use SaaS solutions and a culture of client success is enhanced by Deloitte's platform," said Michael J. Keeler, CEO of LeaseAccelerator. "Our LeaseController clients now have access to LeaseAccelerator's full portfolio of enterprise solutions including real estate administration, equipment lease sourcing, and emissions management, and will benefit from ongoing investments in new product development and global support."
LeaseAccelerator provides lease lifecycle automation software to five of the top ten global consulting firms and two of the "Big Four" professional services firms, serving as the backbone of their managed services offerings.
"After building the LeaseController platform and related services at Deloitte, we believe LeaseAccelerator is positioned to help that business continue to grow and evolve," said Mike Ingenito, a Deloitte Risk & Financial Advisory Partner, Deloitte & Touche LLP.
LeaseAccelerator offers a suite of easy-to-use SaaS products, all designed with one goal in mind: to help customers accurately and efficiently automate the lifecycle of their leased assets. This commitment includes complying with regulations, reducing emissions, accelerating the accounting close, and using strategic insights from data to improve profitability and cashflow.
LeaseController is designed to help multi-nationals, non-profits, and state and local governments track their real estate and equipment leases and address requirements of several lease accounting standards, including ASC 840, ASC 842, IAS 17, IFRS 16, and GASB 87. Approximately 30 former Deloitte lease accounting, client success and technology professionals joined LeaseAccelerator in connection with the transaction.
LeaseAccelerator provides enterprise lease lifecycle automation software that ensures long-term compliance, improves operational efficiency, and frees up cash. Thousands of users rely on our secure Software-as-a-Service (SaaS) platform to manage and automate 900,000 real estate and equipment leases valued at $150 billion across 2 million assets in 142 countries, generating 8+ billion journal entries.
As used in this document, "Deloitte" means Deloitte & Touche LLP and certain of its subsidiaries. Deloitte & Touche LLP is a subsidiary of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of its legal structure. Certain services may not be available to attest clients under the rules and regulations of public accounting.