A new mandate brings 640 units and master data kept to someone else's standards.
The previous managing agent exports from their system; the fields have different names, and some do not exist there at all. The takeover still goes ahead on the agreed date, because rents and dunning runs carry on. The team enters anything that fails at import afterwards, contract by contract, alongside day-to-day operations.
640unitsThe new mandate covers 640 rental units from a third-party system instance.
23mandatory fieldsBilling and dunning need 23 fields filled for every unit.
87empty fieldsAfter the comparison, 87 fields have no value, most of them for deposits and index clauses.
4weeks to the handover dateThat is the time left to close the gaps before the takeover.
Four weeks before the handover date, the property manager has a list naming all 87 fields, and that window, while the previous managing agent can still be reached, is where the 60% less re-keying comes from.
The 60% reduction in re-keying is this agent's headline figure. The 640 units and 87 empty fields represent a mid-sized mandate from a third-party management system; they have not been counted from any real portfolio.