NEW YORK / ACCESSWIRE / July 26, 2024 / Pickspace, an innovative provider of customizable cloud-based property management software, is currently exploring merger and acquisition (M&A) opportunities with several leading companies in the real estate tech space.
Known for its leadership in automating property management operations, accounting, payments and tenant communications, Pickspace has established itself as a major player in the industry. The company’s unique value proposition, coupled with strong monetization capabilities and leading product, technology and operational team, has established it as an attractive prospect for strategic partners and competitors alike.
Pickspace is open to M&A discussions and is ready to leverage its strengths to create significant value in the property tech sector. The move marks a strategic step towards the company’s mission to revolutionize property management through innovative technology.
Why was Pickspace founded?
The founders of Pickspace realized that property management companies were using a mix of spreadsheets and different software, with no easy way to automate the process. All the solutions available seemed cumbersome and inefficient.
“Pickspace decided to change the game and create a white-labeled, all-in-one property management software platform that not only works efficiently, but also looks and feels great to use. Our mission is to streamline and simplify property management operations across a variety of property types, including commercial properties, residential properties, co-working spaces and mixed-use properties, consolidating disparate tools into one sleek, integrated solution,” says CEO Maor Cohen.
Pickspace’s platform offers a comprehensive suite of features from leasing to tenant lifecycle management, including e-signature of contracts, move-in/move-out procedures, invoicing, accounting, etc. This includes full accounts receivable and payable management, customizable financial reports (P&L, rent rolls), automated batch processing and reconciliation, vendor management, payment processing, and online rent collection via ACH and credit card in the US, Canada, Israel and Europe.
Additionally, the Pickspace platform automates tenant communication through email, chat, SMS, maintenance requests, work orders, as well as community building through feeds, event management, amenity booking system, package handling, etc. “We have automated and simplified the property management business,” Cohen asserts.
Pickspace is currently exploring potential mergers and acquisitions (M&A) with leading property management software companies. The aim of this strategic review is to combine Pickspace’s unique services with larger competitors and partners to provide property managers with a comprehensive solution. Cohen adds: “Our platform boasts distinctive features such as monetization potential through various modules and a unique value proposition.”
Payment Facilitator: Monetize payments from day one for great financial benefits. Collect rent via ACH, credit card, or check and efficiently manage disputes, chargebacks, and refunds.
Comprehensive accounting system: Complete accounting functionality with detailed reporting, accounts receivable and payable management.
Internal Listing Management: Real-time tour and rental inventory management, including integration with other MLS.
Maintenance Requests and Listings: Efficient handling of maintenance requests integrated into the Vendor Management module.
Our focus is on building an intuitive and seamless UX/UI to ensure ease of use and high engagement.
All of this is wrapped up into a unique service for white-label systems, along with a cinema app for property management companies, allowing them to build communities in residential areas, manage co-working spaces, or support commercial real estate.
“By merging with a larger organization, we aim to further enhance the capabilities of our platform and provide an even more comprehensive solution for property managers using AI tools and automation.”
About Pickspace and the team
The origins of Pickspace
Born from a simple yet powerful idea, Pickspace began as Pickspaceplus.com, a platform where users could easily pick and book space. This innovative concept quickly evolved into a robust B2B SaaS solution for managing coworking spaces. However, the onset of the COVID-19 pandemic led to a strategic shift. Today, Pickspace caters to a wide range of property types, including residential, commercial, coworking spaces, retail stores, and shopping centers.
A team with vision and leadership
The man at the heart of Pickspace is founder Maor Cohen, who built the company’s foundation with a unique combination of legal, product management, marketing, and property management expertise. Cohen identified inefficiencies in property management and sought to address the problem with a comprehensive, cloud-based solution. His vision garnered significant recognition and investment after appearing on Shark Tank Israel in 2018, leading Pickspace to successfully raise funding.
Joining him is CTO Nadi Hassan, a tech guru with over 10 years of experience building technology products and managing property management systems. Nadi oversees Pickspace’s product development, QA, DevOps and licensing of Payment Facilitator, as well as enhancing the accounting, reporting and technical capabilities of the platform.
The Customer Success and Onboarding team is led by Deena Elemam. With over 10 years of experience in e-commerce, retail, insurance and real estate, Deena excels at managing client issues, gathering feedback and ensuring smooth onboarding, resulting in high client retention and satisfaction.
With strong leadership and innovative approach, Pickspace is revolutionizing property management, making it more efficient, streamlined and easy to use for property managers across the globe.
contact address
Company: Pickspace
Phone number: 1(347) 343-2020
email address: [email protected]
Address: 106 west 32nd St. New York, NY
Website: pickspace.com
Source: Pickspace
