Pickspace, The Property Management Software, Explores Merger and Acquisition Opportunities
Pickspace
4 min read
NEW YORK, NY / 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 major players in the Proptech sector.
Recognized for its leadership in automating property management operations, accounting, payments, and tenant communication, Pickspace has established itself as a key player in the industry. The company's unique value proposition, combined with its robust monetization capabilities and exceptional product, technology, and operations teams, positions it as an attractive prospect for strategic partners and competitors alike.
As Pickspace opens its doors to potential M&A discussions, it stands ready to leverage its strengths to create significant value in the Proptech field. This move marks a strategic step forward in the company's mission to revolutionize property management through innovative technology.
Why Pickspace was Created
The founder of Pickspace noticed a recurring hassle for property management companies dealing with a mix of spreadsheets and different software and no easy or automated way to get things done. All the available solutions appeared messy and inefficient.
"Pickspace decided to shake things up and create a white-label, all-in-one property management software platform that not only works efficiently, but also looks and feels great. Our mission? We are streamlining and simplifying property management operations across various property types, including commercial, residential, coworking spaces, and mixed-use properties, consolidating different tools into one sleek, unified solution," shares CEO Maor Cohen.
Pickspace's platform offers a comprehensive suite of features, from leasing to full tenant life cycle management, including contract e-signing, move-in/move-out processes, invoicing, and accounting. This includes full accounts receivable and payable management, customizable financial reports (P&L, rent roll), auto-batching and reconciliation, vendor management, payment processing, and online rent collection with ACH and credit cards in the US, Canada, Israel, and Europe.
Additionally, the Pickspace platform automates tenant communication through email, chat, SMS, maintenance requests and work orders, as well as community building with feed, event management, amenities booking systems, package handling, and more. "We have automated and simplified property management operations," asserts Cohen.
Pickspace is currently exploring potential merger and acquisition (M&A) opportunities with major property management software companies. This strategic consideration aims to combine Pickspace's unique offerings with a larger competitor or partner, providing property managers with an all-encompassing solution. Cohen adds, "Our platform boasts features that set us apart, such as Monetization Potential and Unique Value Propositions via our different modules," including:
Payment Facilitator: Ability to monetize payments from day one, offering substantial financial benefits. Rent collection via ACH, credit cards, checks and efficiently managing disputes, chargebacks, and refunds.
Comprehensive Accounting System: Full accounting capabilities with detailed reports, receivable and payable management.
Internal Listing Management: Real time tour and rental inventory management that includes integrations to other MLS.
Maintenance Requests and Listings: Efficient handling of maintenance requests integrated into the vendor management module.
Strong focus on building an intuitive and seamless UX/UI, ensuring ease of use and high engagement.
All that is wrapped into a unique offering to white-label system, along with a movie app for property management companies, allowing them to build communities in residential areas, manage coworking spaces, and support commercial real estate.
"By merging with a larger entity, we aim to further enhance our platform's capabilities and offer a more comprehensive solution to 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 pick and book spaces with ease. This innovative concept quickly evolved into a robust B2B SaaS solution for managing coworking spaces. However, the onset of the COVID-19 pandemic brought about a strategic pivot. Today, Pickspace caters to a wide range of real estate types, including residential, commercial, coworking spaces, retail, and shopping centers.
A Visionary and Leadership Team
At the heart of Pickspace is the founder Maor Cohen, whose unique blend of expertise in law, product management, marketing, and real estate management set the foundation for the company. Cohen identified the inefficiencies in property management and sought to address them with a comprehensive, cloud-based solution. His vision garnered significant recognition and investment following his appearance on Shark Tank Israel in 2018, where Pickspace was successfully funded.
Joining him is CTO Nadi Hassan, a tech wizard with over a decade of experience in building tech products and managing property management systems. Nadi oversees Pickspace's product development, QA, DevOps, and Payment Facilitator licensing, enhancing the platform's accounting, reporting, and technological capabilities.
Leading the customer success and onboarding team is Deena Elemam. With more than 10 years of experience in e-commerce, retail, insurance, and real estate, Deena excels at managing client issues, collecting feedback, and ensuring smooth onboarding. Driving high client retention and satisfaction.
With its strong leadership and innovative approach, Pickspace is set to revolutionize property management, making it more efficient, streamlined, and user-friendly for property managers around the world.
Contact Information Company: Pickspace Phone Number: 1(347) 343-2020 Email Address: maor@pickspace.com Address: 106 west 32nd St. New York, NY Website: pickspace.com
