WorkSpace
RRE REVIEW –
4/5
USER REVIEWS –
WorkSpace Overview
What is WorkSpace?
WorkSpace is a real estate software designed for commercial asset and property managers. It offers a suite of intuitive products that streamline daily operations for various stakeholders in commercial real estate. By integrating critical task automation and real-time data aggregation, WorkSpace empowers users to make informed decisions.
WorkSpace Products & Services
WorkSpace specializes in asset and portfolio management, property and facilities management, and automating payables workflow. Its asset and portfolio management software grants unparalleled visibility into portfolio performance. The platform also optimizes service, maintenance, and work order management for property operations. WorkSpace’s payables system simplifies approvals with digital payments, preventing cost overruns. Additionally, it offers solutions tailored for executive teams, accounting, finance, and investor and owner relations, thereby encompassing a wide range of real estate management needs.
WorkSpace Features
| Feature | Details |
|---|---|
| Asset & Portfolio Management | Offers comprehensive visibility into portfolio performance and asset management, enabling effective tracking and management. |
| Property & Facilities Management | Streamlines service, maintenance, and work order management, enhancing operational efficiency. |
| Payables Automation | Simplifies the payables workflow with digital payments, ensuring cost control and streamlined approvals. |
| Solutions for Executive Teams | Provides tools and data necessary for high-level decision making and strategy formulation. |
| Accounting and Finance Solutions | Facilitates financial management with tools designed for real estate accounting and finance needs. |
| Investor and Owner Relations Management | Enhances communication and reporting for investors and owners, fostering transparency and trust. |
| Reporting and KPIs | Delivers insightful reports and key performance indicators for thorough performance analysis. |
WorkSpace Reviews
WorkSpace Review by RentalRealEstate
4/5
Cost – 4
Ease-of-Use – 4
Customer Service – 4
Tools and Resources – 4
WorkSpace offers an all-encompassing commercial property management software that streamlines operations for rental property owners. The platform has an impressive user-friendly interface, comprehensive features, and efficient real estate investor tools for managing leases, maintenance, and tenant communication. Additionally, the robust reporting and analytics capabilities provide valuable insights for informed decision-making about the property. However, the initial setup process can be complex and time-consuming, requiring significant onboarding efforts.
Pros:
- Comprehensive asset and portfolio management tools provide a detailed overview of property performance.
- Streamlined payables automation significantly reduces the time and effort involved in financial management.
- User-friendly interface and robust reporting capabilities enhance decision-making efficiency.
Cons:
- The wide range of features might require a learning curve for new users.
- Customization options may be limited, depending on specific property management needs.
- The cost of the software might be a consideration for smaller property owners or managers.
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WorkSpace User Reviews
Have you used WorkSpace for your rental property? If so, please take a minute to leave an honest review of your experience below. By writing a review, you can help guide other rental real estate enthusiasts on whether or not WorkSpace is the good choice for them.
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WorkSpace Alternatives
WorkSpace FAQ
Is WorkSpace Legitimate?
Yes, WorkSpace is a legitimate source for commercial property management software. The product is used by many of the leading real estate investors, operators and service providers in North America, including CBRE Global Investors, Angelo Gordon, Lincoln Property Company, and Jamestown, among many others.
Who Owns WorkSpace?
WorkSpace is a privately held company that is owned by ASG. The acquisition was completed in 2020.
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