New Project
Refinements wanted;
HIGH Priority
1. Re-base the whole flow of the software with multiple tabs, Offering Memorandum, Market Analysis and
Executive Summery. While creating an offering memorandum or market analysis we are going to ask for the
property type. If the user selects an Apartment Building, then we are going to load the graphs automatically
with details like Studio, 1B1B, 2B2B, etc and still give them the ability to add/remove graphs like we have at
the moment. If a user selects property type Office/Retail, we are going to load the current scenario where the
user has to input the graph data manually and this will cover all cases. @Wayne - we just need to confirm all
changes needed for each property type.
2. Cloning Functionality: (HIGH Priority outlined above)
- Convert Market Analysis to another Market Analysis.
- Convert Market Analysis to Offering Memorandum.
- Convert Offering Memorandum to another Offering Memorandum.
- Convert Offering Memorandum to Marketing Analysis.
8. Property Type Selection - Select the type of property when initially entering a property. Then the needed
changes to data entry and flow will be made, so that you can enter each property type properly. (ABOVE
HIGH)
MEDIUM Priority
3. Generate Executive Summary: Under Actions Tab We need to ADD “Generate Executive Summary” which
is a very condensed version of our offering memorandum, typically 5-10 pages. We can make it a standard
print to PDF for example page 1.3.5.7.10 but with the option to add manual pages like 1,3,5,7,10,12,13,14.
(EXAMPLE). (HIGH)
6. Exclude 10 Year projection plan from Market Analysis so it should just show in Offering
Memorandum (ABOVE)
5. Business Cards Dropdown predefined dropdown of the agents which they can select to move on (LOW but
should be pretty easy.)
LOW Priority
1. Underwriting Section: Create a Master page where they can see all of their property details with
calculations. Convert underwriting section into Market Analysis or Offering Memorandum. (LOW Priority
and probably the most involved part of the continued development)
7. Super Admin and multiple agents where each agent can only see his own Properties and cannot see each
other properties. (Medium) right now we just need to be able to efficiently create a market analysis and
offering memorandums. But 100% we need this in the future.
I would like to have a admin login where I see all proposals being created added to my dashboard for review
purposes and editing and a separate login for each associate. (DOWN THE ROAD) not priority.
ADDITIONAL NOTES; Previous developer;
We need to start from the beginning. Correct names of projects IE; (Market Analysis /
Offering Memorandum, Executive Summary). Currently everything is “Memorandum”.
Note- Sometimes we start fresh with a new market analysis, other times we want to
copy over or “clone” from a previous market analysis (Same sale comps, same on
market comps etc) and other times we have a property listed without doing a market
analysis and need to start direct from an offering memorandum template and there is no
need to input unnecessary sections to complete the task.
#1
There should be 3 Tabs NOT just (1) tab called “Memorandum”.
The tabs should be as follow; (In this order)
1. Market Analysis
2. Offering Memorandum
3. Executive Summary
All data are already created in the software, we just need to clean up the flow.
#2. When we launch a new “project” there needs to be a prompt for the user with
choices.
The 1st prompt for each project should be as follows; I would like each tab and
section to be named exactly as below (excluding *NOTE for Fred)
Market Analysis



New Market Analysis (Blank Template)
Clone Market Analysis (Choose Existing Market Analysis Template to Write Over)
Edit Existing Market Analysis (*Note for Fred this is for price changes after meeting
with clients, changes to income and expenses, etc.)
Offering Memorandum




New Offering Memorandum (Blank Template)
Convert Existing Market Analysis to Offering Memorandum (*Note for Fred this is
pretty much dropping the unnecessary sections, removing the unnecessary pages, adding
the 10 year projection and changing the title page etc.).
Clone Offering Memorandum (Choose existing Offering Memorandum Template to
Write Over)
Edit Existing Offering Memorandum (*Note for Fred this is for price changes, rental
increases, any changes to the property during marketing etc.)
Executive Summary / Quick Writeup



New Executive Summary / Quick Writeup (Blank Template) (*Note for Fred this would
be a quick property evaluation, What would be ideal after prompt is a selection of
sections to include out of the 7. For instance lets say I want to do a quick write up /
evaluation (income and Expenses & have some sale comps for a client to review). I
would select “Pricing and Financial” & “Sold Comps” This would be a really nice
feature.
Create Executive Summary from Existing Offering Memorandum (*Note for Fred this
would be a prompt to select the Offering Memorandum you want pull the data from and
to go through and manually select the pages to be included in the Executive Summary).
Print Created Executive Summary (*Note for Fred this would be an option if we have the
capability to save our downloaded Executive Summaries on the site for ease of access.)
After the user chooses the project a 2nd prompt will be “PROPERTY TYPE”


Multi-family / Apartment
Retail / Office / Other
The correct Naming of section and Order of “Projects” is very important. Along with
Bookmarks clearly visible on the screen. Possibly for larger sections a break or
bookmark in the middle.
A Market Analysis has SEVEN (7) Section (IN THIS ORDER)
SECTION ONE
.......................................................PRICING & FINANCIAL ANALYSIS
SECTION TWO
.......................................................PROPERTY DESCRIPTION
SECTION THREE
.......................................................RECENT SALES
SECTION FOUR
.......................................................ON MARKET COMPARABLES
SECTION FIVE
.......................................................RENT COMPARABLES
SECTION SIX
.......................................................DEMOGRAPHIC ANALYSIS
SECTION SEVEN
.......................................................MARKETING PLAN
An Offering Memorandum has FIVE (5) Sections (IN THIS ORDER)
SECTION ONE
.......................................................PRICING & FINANCIAL ANALYSIS
SECTION TWO
.......................................................PROPERTY DESCRIPTION
SECTION THREE
.......................................................RECENT SALES
SECTION FOUR
.......................................................RENT COMPARABLES
SECTION FIVE
.......................................................DEMOGRAPHIC ANALYSIS
MARKET ANALYSIS SOFTWARE
The current software is set up for a Market Analysis for “Retail / Office
/ Other” with exception of the sections NOT being in the correct order,
no immediate changes are needed to use this template for a MARKET
ANALYSIS for Retail / Office / Other. Besides correct order of section.
Of course we eventually want to incorporate an “underwriting sheet”
which will link to all appropriate data boxes etc. But as previously
mentioned we need to start from the beginning and clean everything
up and organize what we have before adding more to the software.
To change the current software from a Market Analysis for Retail /
Office / Other to a Market Analysis for Multi-Family /
Apartment, ALL that needs to be done is revert back to how the
graphs were originally created. As you remember originally the
graphs were created from data we inputted manually for each
comparable property.
ALL Multi-Family / Apartment comparables will have CAP Rates, GRM(s), Price per
square foot and price per unit. Once this information is inputted as part of creating a
new comparable the graphs can manually pull this information like was done previously.
The change was made to accommodate properties were certain information was not
available or applicable. For instance retail properties do not need a price per unit graphs
therefore you gave us the flexibility to not include or “create” that graph. This works well
for Retail / Office / Other market analysis but is not feasible for Multi-Family / Apartment
properties as this information is always available, required and applicable. So in short
lets change it back to how you originally created it!
OFFERING MEMORANDUM SOFTWARE
The current software can be converted to a template for an offering
memorandum for retail / office / other relatively simply. We need to remove
the sections that are not included as part of an offering memorandum (On
Market & Marketing Plan), and clean up the order of the sections.
Same for creating a template for Offering Memorandum for Multi-Family /
Apartments you will probably want to start with fixing the market analysis
for Multi-Family / Apartment and remove the unnecessary sections.
Fred, I want to have the base of the software correct and streamlined and
then we need to move on to things previously discussed and outlined below
from your email. I have labeled things below in priority.
1. Underwriting Section: Create a Master page where they can see all of their property details with
calculations. Convert underwriting section into Market Analysis or Offering Memorandum. (LOW
Priority and probably the most involved part of the continued development)
2. Cloning Functionality: (HIGH Priority outlined above)
- Convert Market Analysis to another Market Analysis.
- Convert Market Analysis to Offering Memorandum.
- Convert Offering Memorandum to another Offering Memorandum.
- Convert Offering Memorandum to Marketing Analysis.
3. Generate Executive Summary: Under Actions Tab We need to ADD “Generate Executive
Summary” which is a very condensed version of our offering memorandum, typically 5-10 pages. We
can make it a standard print to PDF for example page 1.3.5.7.10 but the option to add manual pages
like 1,3,5,7,10,12,13,14. (EXAMPLE). (HIGH)
4. Preview page for comments section (We have already paid for the license and this is MAJOR
HIGH PRIORITY)
5. Business Cards Dropdown predefined dropdown of the agents which they can select to move
on (LOW but should be pretty easy.)
6. Exclude 10 Year projection plan from Market Analysis so it should just show in Offering
Memorandum (ABOVE)
7. Super Admin and multiple agents where each agent can only see his own Properties and cannot
see each other properties. (Medium) right now we just need to be able to efficiently create a market
analysis and offering memorandums. But 100% we need this in the future.
I would like to have a admin login where I see all proposals being created added to my dashboard
for review purposes and editing and a separate login for each associate. (DOWN THE ROAD) not
priority.
8. Property Type Selection - Select the type of property when initially entering a property. Then the
needed changes to data entry and flow will be made, so that you can enter each property type
properly. (ABOVE HIGH)
ello Wayne,
Here is the web backup:
https://www.dropbox.com/s/zoqsrxptkhdsa3l/www.leinvestmentgroup.com-20220622-195613408.wpress?dl=0
Here is the software backup:
https://www.dropbox.com/sh/5n18oq6fvkmu117/AADtoaPrF_kWmKR1RGAUGXiCa?dl=0
The software is on your AWS account and the website is on MediaTemple.
LIG Superadmin Logins:
https://software.leinvestmentgroup.com/
email: superadmin@gmail.com
pass: super@123