There is no aspect of the real estate ownership business that is not under the microscope, the need to perform basic functions of rent collection and management of service providers has expanded into the administration of a data hub of great complexity. To be successful, property owners need to gather information from lawyers, valuers, surveyors and tenants; then filter, analyse and report ....continuously.
The ability to acquire and dispose of assets quickly is what differentiates industry leaders and is totally dependent on integrated, accurate and up to date information. Transactions will not take place without the support of lenders, who are also under pressure to collate and analyse more detailed and verifiable data. This is not easily achieved because it requires diligence, systems expertise and a deep understanding of the business of real estate.