Unlocking
Value
Increase the value of your management services when you become a SmartProperty Management Advantage Partner.
When your management company partners with SmartProperty, you gain a suite of tools to better serve your clients. The Living Reserve Study™ is an asset management tool that elevates the level of professionalism that you can offer to your clients.
Become a trusted advisor by offering better financial management and asset management reporting and oversight to your boards, and give your managers tools to better understand and be able to present that information.
Portfolio
Analytics
Gain economies of scale by leveraging your portfolio’s reserve study data.
When it comes to leveraging the power of data, management companies have been under served. Most products provide management companies with oversight of individual communities, but fail to look at the bigger picture. SmartProperty aims to change this with Portfolio Analytics.
Portfolio Analytics is a suite of tools built-in to the SmartProperty platform that is exclusive to management companies. It allows you to leverage reserves data across your entire portfolio so you can better serve your clients.
Customer Stories
Great for Management Execs
Smart Property is so much more than an interactive reserve budgeting tool for
associations, it’s also a capital component management tool for management executives. No more spreadsheets and double-checking to make sure things are getting done!
Silvercreek Association Management
Start Playing Offense
There’s always a challenge out there lurking whether you know it or not. And in finance property management, you’re always playing defense. With SmartProperty, I have all the functionality I need at my fingertips to get things done.
– Ron Ficalora, Senior Association Manager,The Helm Management Co.
Tips for Managers
Watch the video to learn six useful tips that can help managers get the most out of SmartProperty, provide more value to their clients, and spend less time and effort to get the information they need.
Software
Integration
Integrate reserves and actuals for a more accurate financial picture.
When you integrate SmartProperty with your accounting system of record, you gain the ability to generate real-time financial health reports for your community association clients. At the click of a button, your managers can present a comprehensive report to boards that with key insights to help boards easily understand the state of the community’s financial position.
This SmartProperty Report™ makes it easier for boards to make financial decisions based on real data, and provides a visual guide to help homeowners understand the community’s needs and vote to make the best choices for the association’s future.
Customer Stories
Turn Reserve Studies Into Action Items
Smart Property software has helped me to understand HOA capital expenditures funding and strengthen my knowledge of financial condition of the given property. I find it an essential tool for any professional property and asset manager, that helps to provide realistic expectations on the aging of your property.
– Viktor Shvets, General ManagerKa’iulani of Princeville, Kauai
Source of Revenue and Education!
Since signing up I have performed more than 30 Reserve Studies for our clients. We were already providing most of the information to the reserve study specialist (work completed, costs, expected projects, etc.) so being able to provide our own reserve studies is saving us time and created a new stream of revenue. We can now modify or work on funding plans with Board Members at Board Meetings which has been a great opportunity for education!
– Nicolas Marin, Navigate Community ManagementManagement Company Plans
| MANAGEMENT STANDARD DIY With The Living Reserve Study™ |
|---|
| Schedule a Meeting |
| Access to Portfolio Analytics |
| Offer Professional Reserve Studies on an as-needed basis |
| [DIY] Management Company maintains component inventory and financial analysis in the program |
| Option to integrate with accounting platform |
| Option to white-label |
|
| MANAGEMENT PROFESSIONAL We do the updates, we take on the liability |
|---|
| Schedule a Meeting |
| Full, Onsite Reserve Study |
| Board receives printable PDF version of full reserve study |
| Completed reserve study data is loaded into The Living Reserve Study™ |
| Access to Portfolio Analytics |
| Offer Reserve Studies automatically as a value-added services |
| Minimal additional time and resources required of your staff |
| No liability on the Management Company for replacement estimates |
| Option to integrate with accounting platform |
| Option to white-label |
|
How it
Works
As the saying goes, garbage in, garbage out. If every community’s reserve study data is different, it’s impossible for your management company to compare that data at a portfolio level.
That’s why, when your management company signs up to become a SmartProperty partner, we begin by taking all of the reserve studies you have gathered for the communities in your portfolio and organize, normalize, and digitize them.
We will map the components in each reserve study to match your GL accounts and standardize component names and categories so that the elements are consistent across your portfolio. This data standardization allows you to benchmark communities in your portfolio so you can compare similar components and projects across your entire portfolio.
At the same time, SmartProperty will conduct a reserve study update to match the actuals from your accounting system, update replacement costs according to inflation and other market costs, and create new funding models. Finally, we will load your clients’ reserve studies onto The Living Reserve Study™ platform.
SmartProperty will continue to perform this service as you bring new communities on board to ensure your analytics are consistent and actionable. We’ll even help you promote the service to your clients!
Unlock value in your management company by implementing The Living Reserve Study™. Offering reserve studies to your clients is only the beginning. SmartProperty’s Management Advantage program gives management companies the tools you need to increase value in your service offerings.
