AGENT, REAL ESTATE INVESTMENT
PRnewswire | April 05, 2023
RentSpree, the industry's premier end-to-end rental management software provider, today announced the release of its brand new subscription service, RentSpree PRO. PRO bundles transaction and marketing tools for agents that help streamline the entire rental process. With existing home sales continuing to fall in a rising interest rate environment, the focus has shifted to the rental market and these new tools support its steep increase in competition.
PRO combines existing transactional capabilities in RentSpree's offering, such as RentSpree's award-winning online rental application and tenant screening, with brand new tools to ensure RentSpree is a one stop shop for agents and their rental clients alike.
"We are constantly pushing ourselves to develop better solutions within the rental process to cut down on wasted time and other pain points," said Michael Lucarelli, CEO of RentSpree. "We've been diligently working on PRO to up our ability to specifically support agents as they advance their rental process." He added, "PRO will exponentially increase agent efficiency in dealing with rentals, with the ultimate goal of increasing each agent's return on investment."
New tools on PRO will give agents the opportunity to exponentially level-up their business. These tools include:
Document Upload: This feature seamlessly collects necessary documents from rental applicants within one singular platform, eliminating the need to move between multiple solutions to complete a rental transaction. It ensures that transactions are closed faster with less friction.
Reference Checks: Automated reference checks help streamline outreach to potential references. It speeds up the process and assists agents in finding the right applicant for a rental.
E-Sign Documents: The rental/lease agreement stage is one of the most important, tedious and drawn-out procedures of the rental transaction process. PRO alleviates the need for agents and landlords to perform manual tasks like sending lease agreements via print, scan, email, or other tools outside of their current solution. It helps execute and securely store lease agreements smoothly.
Agent Reviews: A high volume of positive reviews from past clients can be displayed and easily shared with an agent's network. Agents will be able to prompt their clients to leave a review, which can be seen by anybody that visits the profile page. The reviews an agent collects can be shared via social media to promote their service and profile on RentSpree.
Custom Link for your Agent Profile Page: Agent Profiles can help generate an online presence and create professional branding opportunities that can increase the likelihood of attracting more business. This feature offers another opportunity for agents to further build on their professional brand with the ability to modify the slug in their Agent Profile Page's URL, offering increased link trust and discoverability of their services. Since these pages are indexable, Google can surface if someone were to be researching a particular agent.
"RentSpree PRO helps me keep all my listings, applications, and supporting documents in one place," said Juan Caba with Velez Realty Corp. "It saves me time vetting the best tenants for my clients and helps me build relationships with future buyers. It's my virtual office."
Los Angeles-based RentSpree is a provider of award-winning rental software that helps seamlessly connect real estate agents, owners, and renters to simplify and automate the entire rental process, from listing to lease. The all-in-one platform is known across all 50 states for its easy and secure interface and suite of rental tools, including tenant screening, rent payments, marketing and renter management. To date, RentSpree has partnered with more than 250 of the most influential MLSs, real estate associations and brokerages to serve over one million users in the U.S. RentSpree is ranked 625th on Inc. 5000's fastest-growing private companies in 2022. Visit http://www.rentspree.com for more information.
REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT
PRnewswire | April 24, 2023
Dottid, the leading proptech company revolutionizing the commercial real estate (CRE) industry by creating efficiency and revenue growth for asset managers and brokers, formally announces its release of Asset OS. Dottid's proprietary technology, which launched in April 2021, is transforming CRE by integrating workflow and data into one place and consolidating the robust capabilities of multiple platforms, tools, and workflows into one intuitive interface, saving CRE firms valuable time and money.
The CRE industry contributes $2.3 trillion to the U.S. GDP and is responsible for nearly 15.1 million jobs. Due to multiple modern variables including the increasing popularity of remote work, the industry has been impacted by high vacancy rates across the country, with 54.2% of the 1.07 billion square feet of office space currently open for lease, according to CoStar Group, Inc. To stay competitive, real estate companies are adopting more cost-effective strategies and optimizing their processes using technology.
"In order to effectively adapt to the shifts in the massive CRE industry and this period of uncertainty, asset managers and CRE leaders must innovate and leverage technology to unlock new potential and cost-saving opportunities," said Kyle Waldrep, founder and CEO of Dottid. "Dottid is at the forefront of the CRE technology revolution. With Asset OS, asset managers are provided for the very first time with oversight, data transparency, and detailed insights that help them maximize their resources and improve decision-making to grow revenues in any market."
"As a young company competing in the fast-paced Dallas market, we turned to Dottid to help build a more efficient process for tracking our workflow," said Joe Zylka, Director of Operations at Dogwood Commercial. "Dottid allowed us to organize everything in one place, with overall visibility and accountability, and as a result, we were able to perform more efficiently. In only 18 months, Dottid has enabled us to grow our portfolio by 2.5x while still continuing our high level of service without the need for additional personnel."
Key Asset OS Features Include
API Connector: Allows third-party tools like RealtyAds to integrate with Dottid so asset managers can access all their data in one place
Deals: Empowers all members of the team to know each process while remaining adept to deal changes; allows users to set approvals, assign tasks, communicate deadlines, and track relevant financial negotiations with all files and collateral at their fingertips
Capital Projects: Manage construction projects from start to finish entirely in Dottid, including approving bids, setting key milestone dates, tracking project progress, tenant improvement, and collaborating with teams
Dynamic Projections: Gives users the ability to project property performance in a graph that responds to selections of deals in their deal pipeline and upcoming renewals
Property Debt: Upload and keep track of important debt details and critical dates on loans; store essential debt data, like loan balances, interest rate, and maturity dates, so that an entire asset management team is on the same page
Additional features include real-time stacking plan, encumbrance schedules, property activity, inquiries, leasing performance insights, asset visualizations, and more.
In addition to being the first truly all-in-one CRE workflow and asset management platform connecting all critical asset management functions, Dottid is dedicated to protecting customer data. The company never shares, scrubs, or sells data under any circumstances, including a marketplace environment. Dottid's Asset OS customers can be assured that their data is secure, and is only theirs.
Dottid is a revolutionary, all-in-one workflow platform that is changing the landscape of the commercial real estate industry. From brokers to asset managers, Dottid makes it easier than ever to manage complex transactions and investments. Founded in 2018 and headquartered in Dallas, Texas, the company brings brokerage, asset management, and debt oversight into one easy-to-use modern workflow tool. As a result of their proprietary technology, they are bringing new levels of efficiency and revenue generation to the commercial real estate industry and giving their customers a competitive edge in an ever-changing world. Learn more at dottid.com.
REAL ESTATE INVESTMENT, BUYING/SELLING
PRnewswire | March 30, 2023
Pacaso announced today the launch of a limited-time opportunity for accredited U.S. investors to invest in the category leading technology-enabled real estate marketplace that helps people buy and co-own a luxury second home. The new investment opportunity with Pacaso is a two year, 10% annualized promissory note backed by luxury real estate. Investors receive quarterly interest payments with a return of the principal at the end of the two year term. The fund aims to generate strong risk-adjusted financial returns for investors and provides Pacaso with flexibility to offer more attractive financing offers for second home buyers.
Investors benefit by earning consistent, passive income, diversifying their portfolio with luxury real estate, and enabling expanded financing options for Pacaso that help more people become second homeowners.
"Pacaso owners are the gold standard for consumer credit quality. This creates a win-win opportunity for investors to make consistent, passive income and future Pacaso homeowners to lock in seamless financing," said Pacaso CEO and Co-Founder Austin Allison. "This unique fund is a smart choice for people who want a low risk and low barrier of entry investment opportunity to diversify their portfolio by gaining exposure across high-quality, luxury real estate, which has proven to be one of the safest places to park money during uncertain times."
As the category leader of co-ownership of second homes, Pacaso has seen a tremendous response from high-net-worth buyers to the company's attractive integrated financing solutions on Pacaso listings and resales within the Pacaso marketplace. Pacaso is uniquely positioned for growth and second home demand has been off to a positive start in 2023. Deposits have increased 90% in the first two months of 2023, compared to the last two months of 2022.
Certain statements in this presentation may constitute "forward-looking statements" within the meaning of the federal securities laws. Forward-looking statements include, but are not limited to, statements regarding Pacaso's expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "strive," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Pacaso does not give any assurance that Pacaso will achieve its expectations. Readers are cautioned not to put undue reliance on forward-looking statements, and Pacaso assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
Pacaso® is a technology-enabled marketplace that modernizes real estate co-ownership to make second homes possible and enjoyable for more people. Pacaso curates luxury listings with premium amenities and high-end contemporary interior design, offers ⅛ to ½ ownership with integrated financing, and, after purchase, professionally manages the home and supports seamless resale. Co-founded by Austin Allison and Spencer Rascoff in 2020, Pacaso operates in 40 top second home destinations around the world. Pacaso has been certified as a Great Place to Work and is recognized as one of Glassdoor's 2022 Best Places to Work.