Is VTS right for your business?

Great Asset Management & Leasing Tool

Pros

VTS is a great Asset Management and Leasing Tool. It allows an asset manager to physically see the real-time leasing activity, stacking plans, lease roll, and more. VTS neatly organizes all the leasing activity in one location, allowing me as a leasing broker to visually see the deals I am working on and continue to move the ball forward with each one. Tying it into the landlord's lease administration software allows me to look up lease expirations, stacking plans, and encumbrances for quicker and more educated response times. This has been the most helpful piece of new technology for office landlords and leasing agents in the last decade.

Cons

I am having a hard time finding something I like least about VTS, as it is a great tool that all listing brokers and landlords should be using.

A Key to our Leasing Success

VTS has been a great partner to work with. They are open to, and encourage, our input. The constant drive to improve and to be on the cutting edge of CRE technology is an important feature for us, and separates VTS from the pack.

Pros

This package is focused on commercial real estate; others we considered were CRM or accounting programs that had a component of CRE. VTS helps my team with communication and productivity, and keeps everyone up to date with the latest status on deals in progress, prospecting, and overall results.

Cons

VTS is constantly improving and addressing areas that need additional development. Some of the areas that were not strengths have had enhancements and improvements, so areas that we didn't like as strongly have been or are being addressed.

Broker friendly features needed

VTS is almost there. Our clients love it in order to keep all of their portfolios in queue, but for brokers it can be cumbersome to keep accurate information at the forefront.

Pros

With properties we do have on the software, it becomes very easy to track multiple deals at once and stay on top of current prospects.

Cons

The interface is not broker friendly. When inputting terms for a deal including several different term options, it does not create a way to track different terms separate. Also, the commencement dates and RSF do not track over from the original form to the proposal form. Oftentimes when inputting the free rent VTS forces you to input it twice instead of once. If you could automatically put commissions in for all deals to auto-populate that would save a considerable amount of time.

VTS User Friendliness

I am a real estate broker and have used VTS for three years now on all of my listings for sale and for lease. It is a very powerful platform that allows me to track users and continue to follow up with inquiries. I recommend using the platform as much as I can to colleagues.

Pros

Automatic tour notifications when near a building, follow up task updates, email overviews with the recent updates.

Cons

There seems to be a lot of features that are not clear as how to use them. Maybe tutorials would help users better understand unique tools that are accessible on the software.

Stellar product

VTS is a fantastic software that has helped me and my colleagues efficiently keep track of all relevant leasing information including prospects, active deals, tenants in the market and other potential leads. It also allows me to quickly export information and distribute to stakeholders via simple, customized reports. Overall, VTS is a gamechanger and has completely altered how I conduct my business.

Pros

VTS makes it simple to keep all my information on active deals, tenants in the market, and prospects organized in one place. I can also sync it up with my phone (and those of my teammates) to get notifications and updates in real time.

Cons

The NER calculator is average at best. Given how complicated deals are getting now, it is difficult to be able to enter all necessary deal components quickly and easily.