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Suggested On-Market Property Matching

Updated this week

The property matching feature in Rethink automatically suggests matching properties for your inquiries and requirements. Properties are recommended if they are marked “For Sale” in the Listing Status field and/or have a Date Available that is today or earlier. The matching logic and weight percentages used to generate these suggestions are outlined below:

Inquiry/Requirement

Property

Field Prioritization %

Property Class

Property Class

5%

Min Purchase Price

Price (total)

0%

Max Purchase Price

Price (total)

25%

Min Cap Rate

Last Cap Rate (%)

5%

Date Space Needed

Date Available

5%

Max Rent (Amount)

Rent (monthly) OR Rent (annual)

20%

Max Rent (Unit of Measurement)

Rent (SF/Month) OR Rent (SF/Year)

5%

Lease Structure

Market Lease Structure

10%

Min Square Footage

Available SF

25%

Max Square Footage

Available SF

0%

Below demonstrates what the component looks like in action, and what the different parts illustrate.

Screen_Shot_2022-12-09_at_11.19.14_AM.png

The radio button next to the suggested properties allow users to create a new deal for that property (and associate the inquiry to the newly created deal), or associate the inquiry to an existing deal tied to the property.

Screen_Shot_2022-12-09_at_11.22.01_AM.png

Clicking on Existing Deal will open a modal with a deal lookup field; The user can then tie this inquiry to an existing deal. Note: The user will need to know in advance which deal they want to associate the inquiry to in order to proceed.

Screen_Shot_2022-12-09_at_11.28.15_AM.png

Clicking on the second option, Create New Deal, will open a modal for the user to create a new deal and associate it with the selected property.

Screen_Shot_2022-12-09_at_11.28.47_AM.png

For Admins: Enabling Property Matching Functionality

For easier access, we recommend adding the Inquiries/Requirements tab to the navigation bar.

To use the property matching feature, make sure the Property Selection component is added to your Inquiry/Requirement page layout:

  1. Open any Inquiry/Requirement record, then go to Setup > Edit Page.

  2. Drag and drop the “Requirements/Inquiries Match Properties” component onto the layout.

  3. Click Save.

  4. Click the back arrow to exit the page editor screen.

Screenshot_2022-12-19_at_10.41.03_AM.png

Finally, make sure all the mapped fields from both the Inquiry and Property records are included on their respective page layouts.

  1. Go to Setup > Object Manager > Inquiry/Requirement > Page Layouts.

  2. Open the page layout where you’d like to add the feature (repeat this step for any additional layouts as needed).

  3. Drag and drop the following fields onto the layout, then click Save.

  • Property Class

  • Min Purchase Price

  • Max Purchase Price

  • Min Cap Rate

  • Date Space Needed

  • Max Rent (Amount)

  • Max Rent (Unit of Measurement)

  • Lease Structure

  • Min Square Footage

  • Max Square Footage

4. Next, go to Setup > Object Manager > Property > Page Layouts.

5. Open the page layout where you’d like to add the feature (repeat this step for any additional layouts as needed).

6. Drag and drop the following fields onto the layout, then click Save.

  • Property Class

  • Price (total)

  • Last Cap Rate (%)

  • Date Available

  • Rent (monthly) OR Rent (annual)

  • Rent (SF/Month) OR Rent (SF/Year)

  • Market Lease Structure

  • Available SF

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