Product · Operating record
Always know what you own.
Buildings, units, leases, and the operating statements you answer for, under one roof and always current, tied back to the deal that bought them.
01What you get
One current record, not a spreadsheet you forgot to update.
Portfolio
Every property, in one place.
Buildings and units across every entity you hold, current by default, so nobody has to ask which spreadsheet is the real one.
- Buildings
- Units
- Entities
- Ownership
Leases
Rent roll that never needs reconciling.
Lease terms, renewals, and vacancy live on the same record as the deal, so the numbers you report match the numbers you're running on.
- Leases
- Rent roll
- Renewals
- Vacancy
Operating statements
A T12 you can hand to a lender.
Monthly actuals on an institutional chart of accounts, read as T12, T3, year to date, or any year. A statement is final once approved: corrections happen by restatement, on the record, never by silent edit.
- Chart of accounts
- T12 / T3 / YTD
- Restatements
- CSV export
Budgets and variance
Know why the month missed.
Budget against actual against the underwrite, three ways on every line. A variance that needs explaining carries a written note on the record, not a guess in next quarter's meeting.
- Budget
- Three-way variance
- Variance notes
Debt and DSCR
Coverage from actuals, not projections.
Each debt instrument carries its own debt service, and coverage is computed from the operating actuals, reconciled all-in across the stack. Valuation marks and capital flows sit on the same record.
- Debt instruments
- DSCR from actuals
- Valuation marks
- Capital flows
Documents and vendors
The paper trail, attached to the asset it belongs to.
Leases, insurance, vendor contracts, and inspection reports, filed against the property instead of an inbox or a shared drive.
- Documents
- Vendors
- Insurance
- Contracts
Operating statements
The month closes once.
Actuals post to an institutional chart of accounts and roll up to T12, T3, and year-to-date views. Once a statement is final it stays final: later corrections arrive as restatements, so the numbers you reported keep their history.
- T12 / T3 / YTD
- Final + restatements
- Variance
Hold monitor
The thesis, checked every month.
Every month of actuals re-scores the asset against the buy-box you bought on, over a trailing twelve. Exit triggers sit armed on a board, trip against the actuals, and stay up until someone acknowledges them. Vacancy and lease-rollover alerts surface on the asset and on Home.
- Actual vs underwrite
- T12 re-score
- Exit triggers
- Ops alerts
FF&E and tax basis
Every asset on a depreciation schedule.
Furniture, fixtures, and equipment, each on a MACRS and §168(k) bonus schedule, cost-segregated by recovery life. Set a residual value and the exit carries its §1245 ordinary recapture, so the basis is live at disposition.
- Cost segregation
- MACRS + §168(k)
- Residual value
- §1245 recapture
02How it fits
One file, acquisition to disposition.
The asset you're running and the deal you underwrote are the same file. Every month of actuals re-scores the asset against the thesis you bought on, so budget, capex, and hold or sell decisions get made against the record, not a reconstruction of it.