Be the data superhero your business deserves
Understanding your real estate performance no longer needs to be a challenge . With the power of AI at your side , you can unlock true data-driven insights - creating time , saving money and taking full control of your leases .
That ' s why Equites Property Fund Limited , a real estate investment trust ( REIT ), specialising in developing and acquiring world-class logistics assets turned to MRI to discuss product solutions that could help to drive efficiencies and improve their operations .
Adding Value to Shareholders With a portfolio of over 60 properties , managing leases among a relatively small team became time consuming and inefficient for Equites . Their previous system involved numerous spreadsheets and physical folders full of paperwork , meaning administration and data extraction was taking up inordinate amounts of time .
The system also risked the business ’ s data integrity , since inaccuracies can lead to lost revenue via unrecovered income .
It was important to the team that the chosen solution could integrate fully with their existing systems , and as users of MRI ’ s property management solutions already , MRI Contract Intelligence was the perfect fit .
“ As an organisation we like new technology and utilising alternative technologies …. if it ultimately saves us time , we go for it . I was blown away – I knew that we needed this ,” – Nasreen Mukuddem , Financial Manager , Equites Property Fund .
Fast , Informed Board Decision Making With MRI Contract Intelligence , the team at Equites are able to access comprehensive , fully customisable reporting , which allows for data to be presented quickly and clearly , enabling more informed decision making at board level .
The speed at which information can be compiled was a significant attraction for the team , as previous reporting , audits , and publishing of annual results meant delving into folders and navigating filing systems to extract the appropriate data . With MRI Contract Intelligence , this data is available quickly , easily , and accurately . Start your AI-powered data revolution today .
Contact the MRI Software Team to arrange a demonstration : + 27 21 686 3145 info @ mrisoftware . com
16 MAY 2021 SA Real Estate Investor Magazine
The best way to build
your property investment
Automating your property portfolio
Real Estate Websites or Online Portals
Finding properties to acquire is easier
today than it has ever been! Real estate
websites or online portals enable you to
view properties for sale and rent all over
the country. They also help you determine
the prices properties are selling for, which
brings you in tune with the market.
“Software is the magic thing whose
importance only goes up over time.” – Bill
Software plays an
integral part of
business and property
days. And if you don’t
keep up, you’ll be left
behind. Therefore, it
is imperative to use
to automate how you
build and manage your
For instance, if you know what properties
are selling for in a particular suburb and
know the numbers well, you can make
better deals and easily spot a bargain.
This does not mean you pay the asking
price shown on the online portal! It is just
a reference point from which to start your
negotiation. Remember, you are always
looking for a motivated seller!
You can automate this process further
by setting alerts for specific properties in
specific suburbs and within a particular
price range. You can choose to receive
instant emails or receive a summary email
once a day on all the properties that meet
Looking at the rental market is as
important as looking at the sales market
because this indicates how much rent
people are paying. This is extremely
important because once you have
purchased a property, you will probably
rent it out. You need to know what rental
you can realistically earn as that affects
your numbers and returns.
Online real estate portals are great
places to find excellent deals. They are
also good places to do research and get
MAY 2021 SA Real Estate Investor Magazine
to know what properties are selling for in
certain areas, what the average levies and
rates are for a property in the area, and
what you will be able to get for rent from
Examples of real estate websites and
online portals are Private Property and
Tittle Deeds & Historical Information
In the past, very few investors had easy
access to information from the deeds
office to determine historical data such
as the owner of a property, what price a
property sold for previously, the registered
bond for the property, what price similar
properties in the area or complex sold for
and the average prices for different types
of properties in a specific suburb.
I cannot believe there was a time I was
acquiring property before using such
software. Nowadays, I will never make an
offer on a property before pulling a report
from the deeds office and using the data
to determine what I will offer. Sometimes I
even use it to justify to the agent or seller
why I am offering less for a property.
Using these reports is an absolute must
when considering acquiring property. You
can access reports from various portals at
very reasonable and affordable fees. Do
your research to ensure you are acquiring
the property at a reasonable price!
Examples of title deeds and historical
information portals are Lightstone and
Rental Management Portals
Rental management companies provide
SA Real Estate Investor Magazine MAY 2021