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Buildinglink helps building owners manage portfolios.


In the Internet's early days, the promise of web-enabled real estate platforms and tools elicited e·lic·it  
tr.v. e·lic·it·ed, e·lic·it·ing, e·lic·its
1.
a. To bring or draw out (something latent); educe.

b. To arrive at (a truth, for example) by logic.

2.
 one of two responses from New York's real estate community: fear of disintermediation The elimination of the distributor and/or retailer (the middleman) when making a purchase. The term is used to refer to purchasing directly from a manufacturer's Web site, the benefits of which are convenience, fast turnaround time and sometimes lower prices. , or unrealistic dreams for complete web-automation.

Now that some time has passed and the technology sector has exchanged an emphasis on marketing for solid business development strategies, the real estate industry is beginning to embrace technologies that bring real efficiencies to the marketplace.

This is especially true in property management, the most hands-on hands-on
adj.
Involving active participation; applied, as opposed to theoretical: "We're involved in hands-on operations, pulling levers, pushing buttons" Arthur R. Taylor.
 of all real estate industry disciplines. One year ago, owners and managers did not have to struggle to attract tenants -- residential or commercial. Now, however, the market is softening softening /sof·ten·ing/ (sof´en-ing) malacia.

softening

a change of consistency, with loss of firmness or hardness.
 somewhat, and owners and managers are focusing on attracting and retaining tenants by offering superior amenities and services.

A number of the region's leading owners and developers have found significant benefit from Buildinglink.com, a web-based property management and communication platform that enables owners and managers to more effectively and securely run their property or portfolio.

Many residential developers have implemented Buildinglink early in the building opening process to track last minute construction tasks and new tenant information (such as permissions-to-enter) as well as to provide new tenants with full information on building amenities, rules and procedures. This simplifies the tenant move-in process when a building opens, typically a period when building resources are strained and coordination coordination /co·or·di·na·tion/ (ko-or?di-na´shun) the harmonious functioning of interrelated organs and parts.

co·or·di·na·tion
n.
1. The harmonious adjustment or interaction of parts.
 of a myriad Myriad is a classical Greek name for the number 104 = 10 000. In modern English the word refers to an unspecified large quantity.

The term myriad is a progression in the commonly used system of describing numbers using tens and hundreds.
 of punchlist items can be difficult. Buildinglink helps to manage this process and offers full record keeping for later reference.

Once the tenant move-in is completed, management and staff expand their use of BuildingLink's extensive array of functions, including public space reservations, inventory management, maintenance schedules and records, fire safety documentation, move-in/move-out dates and guest lists. These functions can be accessed from any web-enabled computer, whether at the front desk, the management office or anywhere in the world.

Tenants too use BuildingLink to access a library of building forms and notices, submit or check on repair requests, update their emergency contact information, post notices on the building's electronic bulletin board, or access information on local neighborhood resources.
COPYRIGHT 2001 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:BuildingLink.com L.L.C., provides services to building managers
Author:KESTENBAUM, JERRY
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Aug 15, 2001
Words:348
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