Covercy

We utilize Covercy as our Investor portal for our investors. We send out updates from Covercy which include paying out dividends and preferred returns. We chose Covercy because of its ease of use on our end in addition to the information that is readily available to the investor which makes it super user friendly.

• Ease of Use
• Accepting Investments through the Portal instead of by Wire

Covercy is the Payment Portal for my Investment group in an Alaskan Mining Project. I have over 100 individual Investors spread out through 7 different LLC Groups and 0ver 20 Trusts. Covercy is extremely flexible and accommodates the needs of our diverse group of both large and small investors. The mining project includes up to 15 dredges each with different investor contributions and Covercy handles this mix beautiful. It is as if there are 15 different investment products under one umbrella project.

Covercy solves the problem of moving large amounts of money through their partnership with Thread Bank, which aggregates FDIC protection from $250,000 to $3 Million in Deposit Guarantees by seamlessly distributing profits received in 12 different partner banks. The Covercy team made the investor onboarding process simple and efficient with their competent account managers and technical staff.

Investment partners have their own individual payment portals that takes the burden of distributing the funds from the project managers to an automated distribution system.

We checked out the competition of similar group investment payment portals and found Covercy to be head and shoulders above the competition.

• $3 Million in FDIC Insurance Protection
• Varied Investment Classes to handle the varied Bonus structures
• Simplified Onboarding using CSV Files
• Ability to handle Additional Profit Generators as additional mining dredges are added to the project.

• Automated distribution payments was an absolute must!
• Streamlined Investor Communication is expected to be a great benefit.
• Monthly costs lower than the closest competition that we investigated.
• Company heritage, stability and legacy was highly important.
• No Payment size limitations

GroundBreaker and Quickbooks Payments & Banking

Investor relations. This allows ease of quarterly distributions and sale proceeds to investors. Allows investors to have a one-stop shop on all of their investing entities with us. It also allows them to access the investor reports for the entirety of their time as an investor in the entity. We have gotten multiple positive reviews from investors.

• Distributions
• Reports
• Customer Service

• Ease of use - distributions used to be done manually
• Reporting - reports used to be made and sent manually
• Communication - emailing
• K-1's have been an amazing feature

Juniper Square

QuickBooks Online

With Covercy, I raise capital and track real estate asset performance. Then, I use it to communicate with my investors and distribute capital.

• Distribution Calculation
• Centralized Database for Investor Management
• Online Document Signing
• Mail Merge Communication

• Professionalism over an Excel Calculation
• Time Saving for Investor Communication

AppFolio Investment Manager, RealPage Investment Management and InvestNext

Apartments.com

I create new assets and funds in the portal and then apply for bank accounts for those assets and funds. Once set up, I add investors to the investments, send documents and funding instructions to investors. My job is to get everyone through the investment set up and funding process.

• Fundraising
• Distributions
• Reporting
• Emailing investor updates

• Automating capital calls. Although, in an ideal world, we could fund completely though the portal; however, we hate that the bank charges $15 per wire transaction.
• Distributions are easy and convenient. We get notifications right away if a payment failed.
• Investor communication is easy, as long as I don't need to attach a document or send a graph or table.
• Adding investors to investments, fundraising, capital calls are an easy process for smaller fundraises. Larger fund raises is daunting because it is such a manual, step by step process.
• I think 1031 exchanges are complicated. We had one property that some investors rolled funds into. Some investors decided to add additional funds to their rollover. The way the portal is set up for this was complicated and messy. I had to create multiple lines for investors. Or have them sign docs, then delete and re-add them. To me, it was dumb.