What tools do industrial CRE asset managers use day to day?
Industrial CRE asset managers work day to day in a lease system such as Yardi or MRI, Excel for business plans and analysis, ARGUS Enterprise for valuations, VTS for leasing deals, CoStar for market data, credit alerts from Creditsafe, Dun & Bradstreet or Experian, and email for tenants, agents and contractors. Scayled is the tool they use when a unit needs a tenant: it finds 250 to 350 businesses the building suits, the person who signs at each, and drafts an approach per business, as a Full Campaign for US$749 per vacancy.
- Which tools does an industrial asset manager open every day?
- What do asset managers use for tenant reviews?
- What do asset managers use for business plans and valuations?
- What do asset managers use for leasing and vacancies?
- Where do asset managers lose the most time?
- What does Scayled cost?
Which tools does an industrial asset manager open every day?
The lease system for arrears, critical dates and tenant queries. Email and the phone, for tenants, agents, property managers and contractors. Excel, for almost everything that does not fit neatly in another system: business plans, capital works budgets, rent review calculations and investment committee papers.
Most of the day is coordination. The tools that save the most time are the ones that remove a manual task completely, not the ones that add another dashboard.
What do asset managers use for tenant reviews?
The lease system for payment history and lease events, credit monitoring from Creditsafe, Dun & Bradstreet or Experian for financial changes, CreditRiskMonitor for listed tenants, and news alerts on each material tenant's name. Notes from site visits and tenant meetings, kept in a CRM, VTS or the tenancy file.
A good review ends with a short judgement on each tenant (stay, uncertain, likely to leave) and the evidence behind it, so the team knows where to act.
What do asset managers use for business plans and valuations?
ARGUS Enterprise for cash flow and valuation, often reconciled with the external valuer's model, and Excel for the asset business plan: rent reviews, capital works, leasing assumptions and exit. CoStar comparables and agency research support the market assumptions.
The leasing assumptions, particularly downtime after a lease ends, are where business plans most often miss. They are also where an asset manager has the most control.
What do asset managers use for leasing and vacancies?
The appointed agent, listing portals such as LoopNet, Crexi, realcommercial.com.au and Rightmove, a signboard, and VTS to track enquiries, tours and deals. These reach businesses already searching for space.
Scayled adds the businesses that are not searching yet. For a vacant unit it lists the 250 to 350 that the building suits, close by and across the market, with the decision-maker named at each, the contact checked and an email drafted. The agent can work the same list, so it adds to the agent's effort rather than competing with it.
Where do asset managers lose the most time?
In assembling data that sits in different systems, and in the early stage of a re-let: working out which businesses might suit a unit, finding who decides at each, and writing to them one by one. That work is slow by hand, so it is often left to the agent's existing contacts or skipped.
Reporting is the other large drain. Keeping one record per tenancy, used by the whole team, cuts the time spent rebuilding the same picture for each committee paper.
What does Scayled cost?
A vacancy is one Scayled Campaign, US$749 for the Full version, paid once, with no commission on the letting and no subscription. It is ready in the owner's Scayled account and email drafts in about five working days, written as the owner.
A smaller unit can start with a Focused campaign of the strongest 100 to 150 businesses from US$449, and for US$299 more Scayled sends the approaches from a mailbox on the company's own email. A sample campaign shows the deliverable.
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.