What is Re-Leased?
Re-Leased is a cloud-based commercial property management solution used for various property types including commercial, retail, and office & industrial properties. This solution is equipped with features that help commercial property managers and landlords keep track of key events & tasks and improve business operations. These features include an interactive calendar, mobile applications, CAM budgeting, and analytics & reporting.
Table of Contents
- What is Re-Leased?
- Full Review
- Re-Leased Pricing & Cost
- Re-Leased Features
- Re-Leased Alternatives & Competitors
- Is Re-Leased Right For You?
Re-Leased was established in 2012 by Tom Wallace. Since then, Re-Leased has grown to serve more than 6,000 customers in more than 40 countries.
Re-Leased offers several useful features that help commercial property managers and landlords keep track of key events & tasks and improve business operations. These features include an interactive calendar, mobile applications, CAM budgeting, and analytics & reporting.
In general, commercial property managers and landlords use Re-Leased as an all-in-one solution to manage the entire property management life cycle. Re-Leased is utilized for various property types including commercial, retail, and office & industrial properties.
Overall, Re-Leased is one of the most powerful commercial property management solutions on the market. This solution is an attractive option for small to midsize businesses with a rent roll exceeding $1 million.
Re-Leased Pricing & Cost
Re-Leased pricing is based on the size and type of the portfolio. In general, Re-Leased costs more than $7,500 annually.
Below, we'll discuss the key features of Re-Leased, and how it can streamline your workflow and optimize many of your day-to-day tasks. We include screenshots of the product to give you a sense of its design and layout.
Re-Leased’s dashboard helps property managers and landlords keep track of important events and tasks. The dashboard includes a to-do list, interactive calendar, and analytics module.
The to-do list helps commercial property managers and landlords monitor important tasks at a glance. You can click into each action item to complete tasks directly from the dashboard.
Re-Leased provides an interactive calendar that helps commercial property managers and landlords track important events and tasks. You can add key dates including term renewals, reminders, and inspections, and you can click into each item to view a summary and take action on certain tasks. Also, you can toggle different views of the calendar to only include the events and tasks you are interested in.
You can assign tasks and events to different team members that will automatically populate on their calendar. Additionally, Re-Leased offers a global calendar where you can see the tasks and events of all other team members.
The My Analytics tab offers insight into your business’ performance. This module is customizable, and you can add charts for different properties with set date ranges for data.
Re-Leased provides several types of charts including:
- Year to date expenses
- Occupancy rate
- Budget vs actuals
- Income forecast
- Income vs expenses
- Top earning (property/tenancy)
Re-Leased offers three mobile applications that allow tenants, property managers, and landlords to access key information and complete important tasks. Below is a breakdown of each mobile application.
The Re-Leased Tenant app improves the tenant experience and reduces enquiries by allowing them to remotely access key information and execute essential tasks. Tenants can use this app to:
- Send and track maintenance requests
- View payment history and lease terms
- Contact property managers and landlords
- Review correspondence
- View important documents and images
Property Manager App
The Re-Leased Property Manager app allows property managers and landlords to remotely access important information, execute a variety of administrative tasks, and communicate with tenants & stakeholders. Additionally, you can set up push notifications to alert you of important events like incoming maintenance requests.
The Re-Leased Landlord app provides landlords with key insights into their properties, so they can effectively monitor performance and identify growth opportunities. Below are some of the ways landlords can use this app.
- Access live portfolio data and analytics
- Track real-time cash flow and occupancy
- Track income and expenses
- Monitor arrears by portfolio, property or tenant
- View upcoming, overdue and completed key events
Re-Leased allows property managers and landlords to text and email directly in the platform. Re-Leased provides several nice-to-have features that accelerate communication including templates and automated notifications. Additionally, Re-Leased supports outgoings invoice generation and distribution. Unfortunately, Re-Leased only supports outgoing messages which can make correspondence a bit more difficult.
Templates in Re-Leased allow you to quickly generate personalized text messages and emails. You can create a variety of templates including ones that are specific to arrears and inspection notices. Additionally, you can merge fields that will autofill information in your messages.
With Re-Leased, you can set up automated notifications to be sent to recipients at set time intervals. This feature is useful for payment reminders.
The Maintenance Hub allows you to track maintenance, create work orders, and send & receive quotes. You can add maintenance details including images, budgeted costs, and associated keys. Also, you can create recurring maintenance work in this module.
You can use the Maintenance Hub to send emails to your contractors requesting a quote. Once you receive the quote, you can accept and immediately create a work order.
Re-Leased allows you to create an expense invoice as part of this workflow. If the charge needs to be billed back to the tenant, you can create a hold on payment for the supplier invoice until you receive payment from your tenant.
Re-Leased’s Inspection Hub is a useful tool that helps manage and track property inspections. You can sort inspections by customer, property manager, delegate, start & end dates, and status.
Google Maps is built into this tool, and properties with upcoming inspections are pinned onto map. This map visualizes where inspections are located which helps property managers and landlords create efficient schedules. You can create new inspections directly from the Inspection Hub, and Re-Leased will automatically add the task to your calendar.
Re-Leased is equipped with a lease management module that allows you to organize and manage your leases. This module helps organize lease details, contacts, invoices, and documents. Also, you can quickly find the leases you are looking for by creating tags on individual leases, or through this module’s search and filtering tools.
In the Occupied Areas tab, you can view the areas of the property that are assigned to the tenancy. You can allocate rent based on the areas, and split the value of the tenants rent.
Re-Leased allows you to create new, renew, and vacate lease terms. You can also quickly adjust rent amounts and add rent reviews.
Re-Leased includes templates to help you generate lease agreements. You can merge fields that will automatically populate information stored in the database.
Re-Leased includes several accounting features that helps commercial property managers and landlords streamline budgets and recurring maintenance. Below are a few notable accounting features that are included in Re-Leased.
Income and Expenses Management
Re-Leased’s Income and Expenses module helps you manage your budget. Invoices can be generated and organized directly in the module. Also, you can create repeating income and expense invoices for maintenance and inspections. Invoices can be filtered by company or by property manager.
Rent and Outgoings Management
Re-Leased offers robust tools to help manage your rent and outgoings budget. You can create rent and outgoings templates that set the amount and frequency of billing that need to be included on the same invoice. You can also create future rent templates that will automatically charge tenants a new amount on the specified date.
You can break down rent and outgoing charges by line items. Line items can be designated for costs such as CAM charges and assigned to specific accounts. Re-Leased allows you to create an unlimited amount of line items.
Although this solution includes built-in accounting features, Re-Leased is a more effective, end-to-end solution when paired with dedicated accounting software. Re-Leased offers seamless integration with the accounting software platform, Xero. Below are a few features that an integration with Xero enables:
- Automatic transaction matching & reconciliation
- Repeating invoices and credit notes
- Automated fees and payments to owners and creditors
Re-Leased automatically syncs tenant data and financial accounts daily. You can also sync data manually at any time.
Re-Leased is equipped with reporting capabilities to help you monitor and visualize key data to help you identify growth opportunities. Reports can be exported in Excel or PDF format. Here is a table showcasing some of the reports you can create in Re-Leased.
|Budget By Lease|
|Budget By Area|
Re-Leased offers seamless two-way integrations with several accounting, maintenance, inspections, and productivity solutions. Unfortunately, Re-Leased does not offer an open API which restricts third-party integrations. Here are the solutions that Re-Leased integrates with:
- Google Calendar
- Google Maps
- Inspection Express
- Office 365 Calendar
- Outlook.com Calendar
- QuickBooks Online
Re-Leased Alternatives & Competitors
Re-Leased competes with many other property management solutions that offer similar functionality. The best choice for you will depend on your budget, volume of properties, and feature preference.
Re-Leased’s top competitors are:
Is Re-Leased Right For You?
Re-Leased is a commercial property management platform used by over 6,000 customers in more than 40 countries. The platform is equipped with several features that commercial property managers and landlords desire including an interactive calendar, mobile applications, CAM budgeting, and analytics & reporting.
Re-Leased is one of the most powerful commercial property management solutions on the market. If you are a small to midsize business with a rent roll exceeding $1 million, we highly recommend Re-Leased. If you manage residential properties, we recommend choosing a solution with property marketing and applicant management features such as Avail or Buildium.
If you're interested, you can schedule a Re-Leased demo today.