SADDLE BROOK--PropertyTract, a contract and document management real estate service provider, has unveiled a new version of their software product that allows real estate professionals to have immediate access to every lease and lease-related document and every operating expense contract in an organization.
PropertyTract is a division of TractManager, Inc., a national Internet-based technology firm specializing in secure, real-time access to customized and centralized contract and document database systems. The company’s PropertyTract technology is a highly successful management tool utilized by many of the leading real estate companies in the industry, including Corporate Office Properties Trust, The Lightstone Group, Onyx Equities and Thor Equities.
A few benefits of the PropertyTract product include the ability to:
--Perform lease administration more efficiently;
--Manage and reduce building operating expenses;
--Create a due diligence database that can expedite the investment sales process;
--Store and distribute asset management reports;
--Provide real-time access to contracts and critical business documents; and
--Facilitate compliance with the federal requirements of the Sarbanes-Oxley Act.
PropertyTract is a patented technology that provides a complete turnkey solution for real estate professionals. The company provides all the labor necessary to build, maintain and update an organization’s contract files. The technology builds a keyword searchable contract and document database, which is accessible through a secure Internet connection, enabling building managers and asset managers in various locations to share the same information. Extensive levels of user security make database information accessible only to those employees who have permission to view specific contracts files.
?
PropertyTract enables effective lease administration by allowing management to access lease documents digitally through table of contents and search components. Administrators can locate lease provisions instantly in actual contracts and can use alert notifications to renew contracts, make CPI adjustments and eliminate payments on expired contracts as well as reduce audit fees.
The software can facilitate improved building maintenance management by ensuring that service contracts are in full force and effect; vendor certificates of insurance are current; and charges are comparable to other buildings. Multiple contracts with the same vendors can also be consolidated to improve cost effectiveness. PropertyTract can also provide asset management reports and create a due diligence database, greatly expediting the due diligence process in the event of a property sale.
PropertyTract
www.propertytract.com
Comments, Pingbacks:
No Comments/Pingbacks for this post yet...
