Scayled vs MRI: where does each fit for industrial asset managers?
MRI Software and Scayled are different categories of tool. MRI provides property management, lease administration and lease accounting, and investment management software that landlords, funds and occupiers use to run and report on their real estate. Scayled acts on a specific vacancy: for a unit that is empty or coming back, it finds 250 to 350 businesses the building suits, the person who signs at each, and drafts an approach per business, for a fixed US$749 per vacancy. MRI shows the asset manager which leases are ending; Scayled helps find who takes the space next.
- What does MRI Software do?
- What does Scayled do?
- Is Scayled an alternative to MRI?
- How do MRI and Scayled fit together?
- When should an asset manager use each?
- What does each cost?
What does MRI Software do?
MRI Software makes property management and accounting software for commercial and residential real estate. For commercial landlords, MRI's commercial management products handle leases, tenants, billing, recoveries and reporting across office, retail and industrial assets. Its lease administration and lease accounting tools, including ProLease, support standards such as ASC 842, and MRI Investment Management covers financial modelling for investors.
MRI positions its platform as open and connected, with partner applications built around the core products. Pricing is on quote.
What does Scayled do?
Scayled is a leasing action on a single unit. From the building's details it identifies 250 to 350 occupiers it would suit, puts the ones showing growth or a lease event first, and supplies the property or operations lead at each with an email ready to send. The appointed agent keeps the instruction; Scayled widens who hears about the space.
It covers industrial and logistics property. It does not run accounts, administer leases, monitor tenants or forecast vacancy.
Is Scayled an alternative to MRI?
No. MRI is the operational and financial record of the portfolio. Scayled is an action on one unit: identifying the businesses that could take it and getting a direct approach to the person who signs at each.
The overlap is nil. MRI holds the lease and the money once a tenant is in place; Scayled is used before that point, to find the tenant, and has no lease administration or accounting functions.
How do MRI and Scayled fit together?
MRI's lease expiry and critical date reporting shows which units are coming back. The fund runs Scayled campaigns on those units, once vacant or ahead of the expiry. When a new tenant signs, the lease is administered in MRI as usual.
Every business approached, with its contact and email, stays in the fund's Scayled account, so the next vacancy in the same market starts from businesses the team already knows.
When should an asset manager use each?
Use MRI to run the portfolio: lease administration, billing and recoveries, accounting, lease accounting compliance and reporting.
Use Scayled when a unit is vacant or likely to come back and the agent's contacts and the listing are not producing enough interest, or before a handback, without advertising the space.
What does each cost?
MRI products are priced on quote for the size and scope of the portfolio.
Scayled charges per unit rather than per licence. The Campaign costs US$749 for 250 to 350 businesses in about five working days, or from US$449 for the strongest 100 to 150 in about three, with no subscription. An asset manager short of time can add We Send It For You for US$299: the fund adds one mailbox on its company email, Scayled sends from it, and replies land with the team. What goes into a leasing campaign is set out separately.
Lease The Vacancy In-House, Before You Appoint An Agent.
The Campaign finds the 250 to 350 businesses the building suits, names the person who decides at each and writes every email, ready in about five days. One payment of US$749 per property, no commission and no subscription. A focused 100 to 150 from US$449.