VTS - A help to the growth of our leasing production
VTS is being used as the primary leasing tool for my Leasing Representatives (all of whom are in-house), and the primary management tool …
Starting at $20,000 per year
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What is VTS?
VTS is an asset management and leasing platform built to provide real-time portfolio analytics to landlords and brokerage firms. VTS allows brokers and landlords to manage deal activity, a desktop or mobile device.
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Pricing
VTS
$20,000.00
Cloud
per year
Entry-level set up fee?
- No setup fee
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting / Integration Services
Product Demos
VTS 01 1 Ac 238 6 to 9 Magazine Conversion Demo Video (Precision Engineering, Coimbatore) )
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Raptor VTS Prototype 2 Video Demo
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VTSâ„¢ - Operator Controls Demo
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Product Details
- About
- Tech Details
What is VTS?
VTS is an asset management and leasing platform built to provide real-time portfolio analytics to landlords and brokerage firms. VTS allows brokers and landlords to manage deal activity, a desktop or mobile device.
VTS Technical Details
| Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
|---|---|
| Operating Systems | Unspecified |
| Mobile Application | No |
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(5)Reviews
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March 04, 2019
VTS - A help to the growth of our leasing production
VTS is being used as the primary leasing tool for my Leasing Representatives (all of whom are in-house), and the primary management tool for me as the Director of Leasing. It is a key source of pipeline information for our executives, who can get real-time updates as well as daily email digests of deals that are active in the pipeline. Leasing is the only department that is adding data and updates to VTS, while other departments, such as Finance, Asset Management, and Business Management utilize VTS as an information source.
One of the largest business issues it addresses is speed of information throughout the organization. Rather than emails, calls, or meetings, I can see what is going on with active deals and available spaces from my desktop, phone, or tablet. My COO also looks to VTS for information on activity. It provides a single reference point for leasing deals, and brings transparency and awareness when there are snags,and when there are successes.
One of the largest business issues it addresses is speed of information throughout the organization. Rather than emails, calls, or meetings, I can see what is going on with active deals and available spaces from my desktop, phone, or tablet. My COO also looks to VTS for information on activity. It provides a single reference point for leasing deals, and brings transparency and awareness when there are snags,and when there are successes.
- Pipeline activity tracking - real time information at every user's fingertips.
- Deal analytics - provides quick computations on key deal metrics. If all of the data is entered in, the work that used to be done manually or not at all appears immediately, so assessments and adjustments can be made quickly.
- History of the deal - each note or proposal is stored in a single place, where it can be referenced, which can be a big help on deals that are complicated and have a great deal of back and forth. You don't have to search through emails in a folder.
- Tenant Relationship Manager puts all of the leases and deals with a given tenant on a single page, so you can quickly see information on your key tenants, when current leases expire, and what deals are in the pipeline.
- VTS is still growing in its features on retail properties. As a product that originated in the office and broker world, it has had a learning curve for shoppiong centers. It has made great progress in the 2+ years we've been on the system, and there is more to come.
- The defaults for the dashboards go into a longer time frame than how we look at production and leasing activity. We are year-to-date driven, and that view isn't readily available on the dashboards.
- We are still working on getting Deal Approval flow active in our organization. We have a two-round approval process, and VTS currently is structured for a single approval round. We are finding ways to make it work, but it's still a workaround.
- We believe that VTS has improved our cycle times from prospect to tenant, which leads to rents being received sooner.
- VTS has organized the work of our Leasing Representatives. They no longer have to operate from spiral notebooks and Post-it Notes to keep track of their deals.
- By needing less meeting time, the Leasing Reps can spend more time prospecting and working deals, and less times repeating information.
We looked at a number of products when making the decision to go with VTS. What we found was that most of the other products in the space were either real estate addons to SalesForce, or an additional module to a software that was focused on another use, like accounting or property management. VTS was the only product we reviewed that was born, bred, and focused on commercial real estate. It became apparent that it was best in breed at the time, and they have been aggressive at making product enhancements and continuous improvement to stay the leader in their space.
March 01, 2019
VTS should stand for Virtual Time Saver!
My entire firm utilizes VTS, and we also share certain permissions in VTS to users from vendor firms. We manage a portfolio of approximately 4.5 million square feet. VTS is a central database for us for internal employees (property owner, property managers, leasing coordinators, accountants) and external vendors (investors, brokerage firms, architects). In addition to manual input of data, we synch automatically with our accounting software, Yardi.
- Automatic synch with our accounting system, Yardi. This is crucial, as it means that everyone is working from the same set of information.
- Ease of use, especially with speed. VTS can be as robust as you need it to be. But if you literally have 2 seconds, you can jot a quick note into a prospect's record.
- Mobile app. The app is so fantastic. Being out in the field and being able to look up a stacking chart or a lease option immediately is key for me. They do this very well.
- Uploading market data is difficult. They still have you email a document to them.
- Fluidity of pricing. This is getting better, but it's still a bit awkward. On my end, we pay by the square foot. But we have a multi-year contract, so it's annoying to have to continually work on the billing as our portfolio trades and acquisitions are finalized.
- Self help section. Emailing support is very quick and easy. Generally you get correct and helpful information very quickly. But their knowledge library is not robust enough yet.
- It allows a small leasing team for the owner to quickly look over the entire portfolio and approve/alter proposals with a variety of brokers in a very efficient way.
- It allows us to track space encumbrances and availability easily.
- We've given access to our JV partners, and that has cut the number of conference calls sucking away time from our day by about 70%.
March 01, 2019
VTS - Leasing Tool
VTS has been very helpful tracking the lifecycle of prospects and renewals. It has streamlined the processes and allows for much easier collaboration and reduces the need to send emails and ask questions for updates. The ability to see the status and any current notes at a quick glance is very helpful.
- VTS shows vacancies and occupied suites well - great for quick reference.
- Standard "Stage" categories are helpful to group & prioritize.
- Being able to see the multiple proposals on one screen & view the evolution of the deal is helpful.
- More customizable views.
- Custom fields would be nice.
- VTS has helped with efficiencies.
November 02, 2017
The most effective tool in Commercial Real Estate reporting - VTS!
We use VTS daily to keep track of all our business transactions and to effectively communicate business activity with clients. VTS is being used by our department and in some other departments with the organization. VTS keeps us organized and helps us target and keep track of deal flow and opportunities.
- Provides real-time detailed reporting to our clients.
- Allows team collaboration and keeps everyone on task and organized.
- VTS is specifically customized for our day to day business transactions which allows for our team complete business transactions in a timely and efficient manner.
- New developments such as the stacking diagram could be improved.
- Converting existing tenants into deals could be improved.
- Overall flow of entering data can sometimes be glitchy.
- Increased productivity.
- Better communication with clients.
- Allows for better time management because it allows us to focus on getting business vs getting bogged down in the paperwork and reporting.
- Hightower and Salesforce
We used Hightower before they merged with VTS and I always said I wished VTS and Hightower would have a "baby" - now that they have merged I feel we get the best of both platforms! There is no other competition to VTS for day to day reporting! I used Salesforce at a previous company but it is not targeted specifically for leasing the way that VTS is so it does not stack up!