Overview
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 - A help to the growth of our leasing production
VTS should stand for Virtual Time Saver!
VTS - Leasing Tool
The most effective tool in Commercial Real Estate reporting - VTS!
Pricing
VTS
$20,000.00
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) )
Raptor VTS Prototype 2 Video Demo
VTSâ„¢ - Operator Controls Demo
Product Details
- About
- Tech Details
What is VTS?
VTS Technical Details
Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
---|---|
Operating Systems | Unspecified |
Mobile Application | No |
Comparisons
Compare with
Reviews and Ratings
(5)Community Insights
- Business Problems Solved
VTS is a valuable tool that is used daily by towing and storage lot owners to effectively manage their business transactions and communicate with clients. It serves as a central database for both internal employees, such as property owners, managers, coordinators, and accountants, as well as external vendors like investors, brokerage firms, and architects. The software allows users to manually input data or automatically sync it with their accounting software, providing flexibility and convenience.
One of the key use cases of VTS is its ability to track the lifecycle of prospects and renewals, streamlining processes and facilitating collaboration. Leasing representatives rely on VTS as their primary tool for managing leases, while executives use it to access real-time updates and daily email digests of active deals. This streamlines communication within organizations and addresses the business issue of information speed and transparency.
Another significant use case of VTS is its role in providing a single reference point for leasing deals, eliminating the need for emails, calls or meetings. Users can easily access and monitor active deals and available spaces from their desktop, phone or tablet. This not only saves time but also brings transparency and awareness to both challenges and successes in the leasing process, benefiting both leasing representatives and executives.
Overall, VTS has proven to be a valuable asset for various departments within organizations. It enables efficient deal tracking, opportunity management, and communication across teams. Users appreciate its versatility in integrating with accounting software like Yardi, making it an essential tool for managing their day-to-day operations.
Reviews
(1-4 of 4)VTS - A help to the growth of our leasing production
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.
VTS should stand for Virtual Time Saver!
- 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%.
VTS - Leasing Tool
- 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.
The most effective tool in Commercial Real Estate reporting - VTS!
- 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.
- Less appropriate for someone doing sales transactions.
- 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