FeaturedIntellisys Technology

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Intellisys has an impressive track record working with Property Management and Accounting, for owners/operators of Multifamily, Single Family, Commercial/Retail, Affordable Housing, Public Housing, Student Housing and Property Management companies. Our teams fully understand the nuances of servicing the needs of real estate companies by focusing our expertise on real-time task management. We enable you to:

  • Build competitive advantage from superior processes
  • Reduce cost and increase revenue
  • Re-engineer processes and adopt leading technology solutions
  • Improve quality and control by reducing challenges related to regulatory compliance and risk management
  • Enhance scalability and flexibility
  • Reduce operational expenses and increase capital efficiency

Intellisys property management services offer the value that extends well beyond cost arbitrage, improving quality and productivity through efficient process enhancement.


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Thanks to Our Cost-Effective Solutions, Intellisys Gets a 5-Star Review on Clutch

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Software development outsourcing and augmentation can help you alleviate the work and pressure on your in-house team. Also, you can save time and money as well as access greater scalability. We at Intellisys Technology let you take advantage of these benefits whatever your software development project is.

To prove that software development outsourcing and augmentation work, we take a recap of our first review on Clutch, a B2B reviews website.

Intellisys Helps a Healthcare Wholesaler

EBRM, a healthcare wholesaler, had a major restructuring project that exceeded their budget. They wanted to rebuild a system with us because of our expertise and we were cost-effective.

Testing stalled the project at first, but we were able to solve that when we automated the testing process. The client also struggled with their old reporting system, so we also automated reporting.

Another challenge we faced was removing the clutter and the amount of paper that the transactions produced. To solve this problem, we created a solution that routed paperwork to the appropriate areas.

In the end, we were able to fill the gaps in the client’s work — they didn’t have the in-house expertise, so we came in and partnered them. The client has also been happy with the affordability of our services.

“What stands out is their cost. They’re affordable.” — Executive, EBRM

In this ongoing partnership, we make sure the client receives the best of outsourced software development services. They have access to great talent and the latest tech, focus on business, and cost-effectiveness.

We’re proud of what we’ve done for the client, but we’re also amazed by the confidence they have in us. Check out our Clutch page to read their full 5-star review.

Another review is also up on the page for the project we’ve done for a startup firm that needed design enhancement and integration features.

More Recognition for Intellisys Technology

Thanks to the feedback of our satisfied clients, we’ve also made it to other ranking platforms.

We’re one of the top 70 software development companies in Chicago, as reported by The Manifest, Clutch’s sister website.

Intellisys Technology is a global provider of  IT services and solutions, and we offer high-quality and cost-effective solutions to companies around the world. We’re ready to take on any projects you have.

Feel free to reach out! Contact us via phone at (630) 928 1111 or email us at   info@intellisystechnology.com.


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People moving away from Big Cities – Working Remote is the new normal

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Through any life crisis comes insight into what is important to us, what we no longer need and what we want for the future; the same applies to business and our careers. Cities are unaffordable for many, for several reasons, such as exorbitant cost of living (Rent, food, transportation, miscellaneous expenses), high local and state taxes. To add fuel to the fire the COVID pandemic is forcing us to rethink and reprioritize our needs.

It is prudent to look for alternatives – for health and economic safety by cutting living costs and taxes.  Across USA city migration patterns have changed since the new normal, namely ”Working Remote” model is in effect. New data shows that net arrivals are down in large metro areas such as New York, San Francisco, Seattle, Boston and Portland from April through August of this year, versus a year earlier.

Migration from big cities is creating opportunities for smaller cities such as Jacksonville, Salt Lake City, Sacramento, Milwaukee, Kansas City, Missouri, have seen the biggest growth in net arrivals over the same period. City migration patterns amid the pandemic found that smaller metro areas are gaining; some famous big cities are slipping and hints of de-urbanization seen across the country.

Net arrivals in two giant metro areas — New York City and San Francisco — have fallen more than 20% from April through August of this year, versus a year earlier. In both cases, departures significantly exceeded new arrivals. Net arrivals are down about 10% in Seattle, Boston and Portland, Ore., as well.  Everyone leaving a metro area is creating opportunities for a number of smaller cities.

Working remote is the new normal.

Remote working is here to stay and will more than ever become an integral part of the way we work. Now is the time for companies to prepare for this ‘back to the new normal’. As you prepare for the new normal and realize that people can be as productive at home as they are at work, why not consider a long-term remote working plan? 

Intellisys works from a Remote Center

Intellisys, an Illinois company, is a global provider of BPO services and solutions. Intellisys has a State-of-the-Art ISO 9001:2015 / 27001:2013 certified delivery center in Chennai, India. Over the past 23 years, Intellisys has been working with Real estate companies across asset class providing qualified and experienced Property/Fund/Asset Accountants who are Domain Experts.

Our services can offer significant benefits

  • Reduce operational costs between 40% – 50%
  • Extensive use of RPA (Robotic Process Automation) tools which allow cutting time and costs significantly
  • Flexibility (Accordion Model – Increase and decrease team size at a very short notice)
  • Can assign large teams of real estate domain experts at a very short notice
  • Fixed Fees – No hidden charges
  • Multilingual Staff (English, Spanish and French)
  • Ad-hoc projects (such as Audits, Seasonal demands)
  • Assist re-purpose existing staff
  • Motivate the existing staff and offer them upward mobility
  • Assist to streamline operations

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U.S. adds more jobs than forecast in June – Bloomberg

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The rebound in the U.S. labor market accelerated in June as broader re-openings spurred more hiring last month, though filings for unemployment benefits remained elevated last week as coronavirus cases picked up

Payrolls rose by 4.8 million in June after an upwardly revised 2.7 million gain in the prior month, according to a Labor Department report Thursday. The unemployment rate fell for a second month to 11.1%, still far above the pre-pandemic half-century low of 3.5%.

Economists had forecast payrolls to rise by 3.23 million—the median in a range of 500,000 to 9 million—and an unemployment rate of 12.5%.

How can Intellisys Help?

Remote Work Is Here to Stay – The COVID-19 pandemic will set a “new normal” for the office workplace as companies adopt and integrate remote work practices deployed during the pandemic. Therefore, it will transform from a single location to an “ecosystem of different locations and experiences.”

Intellisys, an Illinois company, is a global provider of BPO and Information Technology services and solutions. Intellisys has a State-of-the-Art ISO 9001:2015 / 27001:2013 certified delivery center in Chennai, India. Over the past 22 years, Intellisys has been helping Real estate companies across asset class with qualified and experienced Property Accountants and Fund Accountants who are Domain Experts.

Our services can offer significant benefits

  • Reduce operational costs between 40% – 50%
  • Extensive use of RPA (Robotic Process Automation) tools which allow cutting time and costs significantly
  • Flexibility (Accordion Model – Increase and decrease team size at a very short notice)
  • Can assign large teams of real estate domain experts at a very short notice
  • Fixed Fees – No hidden charges
  • Multilingual Staff (English, Spanish and French)
  • Ad-hoc projects (such as Audits, Seasonal demands)
  • Assist re-purpose existing staff
  • Motivate the existing staff and offer them upward mobility
  • Assist to streamline operation

Please contact riyer@intellisystechnology.com or to learn about Intellisys, its service offerings and how we can assist you visit www.intellisystechnology.com


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Underwriting of Property to Sell

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Underwriting is an extension of Property valuation. A Property is evaluated for multiple purposes and the valuation method varies depending on the purpose.  A Seller would evaluate a Property to arrive at a Price, which is called as “Offer” or “Asking Price”. Based on the Price quoted by the Seller, the Buyer performs Underwriting to evaluate and forecast the performance of Subject Property to negotiate the Deal. Underwriting Analysis is done based on historical data and Assumptions. We explain some of the key terms, and jargons that are distinctive to this industry in this blog.

Assumptions / Past Analysis:

  1. Reports:
    • Rent Roll Statement: List of all the rentals, Unit-wise, in a specific Property
    • T12 Income Statement: Trailing twelve months statement of Income pertaining to the Property
  2. Price or Value of Property:
    • Offer / Asking Price: It’s the Price quoted by a Seller after performing Property Valuation
    • Whisper Price: It’s the price as per Broker at which if we bid, we can secure the Deal
    • Sale Price: It’s the price at which we, as a Buyer, shall quote to the Seller for negotiation
    • Appraisal Review Board (ARB) Value: It’s the aggregate Market value of Land and Building as per the County’s Central Appraisal District (CAD) on which Property Tax is calculated
  3. Forms of Capital:
    • Sponsor Equity: Capital that is raised by the Promoters or General Partners (GP)
    • Investor Equity: Capital that is raised by the Investors or Limited Partners (LP)
    • Debt: Capital that is borrowed from a Financial Institution
    • Working Capital: Capital that is required for running the day to day operations in a business, it can either be raised or borrowed
  4. Financial Obligations:
    • Cost of Equity: Dividend that is paid to the Equity holders
    • Cost of Debt:  Interest that is paid to the Financial Institutions
  5. Replacement Reserve: Portion of Profits that is set aside to provide for the periodic replacement of building components that wear out more rapidly than the building itself
  6. Capital Improvements or Rehabilitation Cost: The average cost at which Units of the property are expected to be renovated during the holding period
  7. Loan-To-Value or Debt-Equity ratio: The percentage or ratio at which Equity & Debt is preferred to be maintained for arriving at Sale Price
  8. Growth Rates: These can be applied on any item of Income Statement in order to forecast, they can be arrived at either based on past trend or industry norms or market comps
    • Rent
    • Other Income
    • Opex
    • Vacancy Rate
    • Bad Debt
    • Tax Growth
    • Loss to Lease
    • Concessions
    • Capital Expense
  9. Assets Under Management (AUM) Fee: A fee that is collected by the Sponsors for managing the Asset which in this case is a Property, generally its paid out as salary or fee to the employees of Sponsors or Vendors
  10. Acquisition or Disposition Fee: The cost incurred to sell the property mainly consisting of Sales Commission
  11. Closing Costs: The Processing fee for closing a Deal
  12. Hurdles: These can be set for any of the KPIs that are listed under Financial Analysis to perform Waterfall analysis

Analysis:

  • Financial Analysis:
    1. Cap Rate: The property’s one-year rate of ROI
      • Going-in: Property’s projected first-year NOI divided by the purchase price of the property
      • Terminal / Exit / Reversionary: Property’s projected first-year NOI divided by the sale price of the property
    2. Return on Equity: Percentage of Return (i.e., Capital Gains plus Net Cash Flow) on Equity portion of capital
    3. Return on Investment (ROI): Percentage of Return (i.e., Capital Gains plus Net Cash Flow) on Initial Investment
    4. Capital Gains Yield: Percentage of Return (i.e., Capital Gains) on Offer Price
    5. Net Present Value (NPV): The difference between present (discounted) value of cash inflows and present (discounted) value of cash outflows
    6. Internal Rate of Return (IRR): A discount rate that makes the NPV of cash flows equal to zero
    7. Equity Multiple: The number of times Return (i.e., Capital Gains plus Net Cash Flow) over & above Equity portion of capital
    8. Debt-Service Coverage Ratio: A measurement of NOI available to pay Debt obligations
    9. Cash on Cash returns: Percentage of Return (Net Cash Flow or Net Income) on Opening Balance of Equity for a particular year
    10. Preferred Return or Hurdle Rate:  A minimum threshold return that LPs must receive before the GP can receive from the balance interest
  • Non-Financial Analysis:
    1. Demographics
    2. Flood Hazard Zone
    3. Crime Stats
    4. Market Comps (Amenities, Rent etc.)
    5. Accessibility to Restaurants, Schools / Colleges, Hospitals, Entertainment, Retail, Transport (Bus / Train / Airport)
    6. Vehicles Per Day (VPD)

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Unemployment rate unexpectedly falls -The rebound signals the economy is picking up faster than thought

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As per Bloomberg America’s labor market unexpectedly rebounded in May, signaling the economy is picking up faster than thought from the depths of the damage from the Covid-19 pandemic.

Nonfarm payrolls rose by 2.5 million after a 20.7 million tumble the prior month that was the largest in records back to 1939, according to Labor Department data. The jobless rate fell to 13.3% from 14.7%.

The data show a U.S. economy pulling back as states relax restrictions and businesses bring back staff. Unemployment rates declined among adult men and women, white Americans, and slightly for Hispanic and Latino Americans.

The New Normal

All businesses post Covid-19 are set to change.  What is also for sure is life that we get back to will be significantly different from the one we had before the outbreak. While we do not portend to know the future, and our lens is limited by our own experiences and a reflection of the past, it is in times of great disruption where great opportunity abounds. It is not just across the spectrum of the industries but among others that we cannot even imagine. 

The current real estate market is much like a Rubik’s cube. Once we think we have it figured out, we look at it from another angle and find out we still do not have it right. There are many factors complicating the current market.

One thing that we are seeing very clearly is a number of clients who were insistent on work being done in house on site are now very open to working from a remote location.  After having worked for 22 years, we can with great confidence say Intellisys is a Subject Matter Expert in this area.

Intellisys Capabilities

Intellisys Technology LLC is a global provider of BPO and Information Technology services and solutions. Intellisys has a State-of-the-Art ISO 9001:2015 / 27001:2013 certified delivery center in Chennai, India. We provide high quality and cost-effective solutions to Real Estate businesses on time and within budget. Over the past 22 years, Intellisys has been helping Real estate companies across asset class with qualified & experienced Accountants without any wait time. All of them are Domain Experts.

Our services can offer significant benefits

  • Reduce operational costs up to 40%
  • Extensive use of RPA (Robotic Process Automation) tools which allow cutting time and costs significantly
  • Can assign large team of real estate domain experts at a very short notice
  • Fixed Fees – No hidden charges
  • Multilingual Staff (English, Spanish and French)
  • Flexibility (Accordion Model – Increase and decrease team size at a very short notice)
  • Ad-hoc projects (such as Audits, Seasonal demands)
  • Assist re-purpose existing staff
  • Motivate the existing staff and offer them upward mobility
  • Assist to streamline operations

Please contact riyer@intellisystechnology.com or to learn about Intellisys, its service offerings and how we can assist you visit www.intellisystechnology.com 

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