REAL ESTATE DEVELOPMENT
Jack Lingo Asset Management (JLAM)
Improving capital efficiency and team collaboration with Rabbet’s real estate development project management platform
Challenge
JLAM faced challenges with inefficient collaboration, disjointed financial data, and manual processes that slowed down project management—struggling with real-time visibility into project finances, which hindered their overall efficiency.
Why Rabbet
JLAM selected Rabbet to centralize financial data, provide real-time project visibility, and streamline finance and accounting processes. Unified real-time data and centralized documentation increase team collaboration.
Results
With Rabbet, JLAM streamlines processes, reduces manual work, and optimizes capital use, leading to greater overall operational efficiency—freeing up time for high-level strategic initiatives, strengthening their competitive advantage.
“Rabbet is the best way to foster collaboration with teams and connect disparate critical project and portfolio information into a single platform.”
Ian Goodenough
Controller
About Jack Lingo Asset Management
Jack Lingo Asset Management (JLAM) is a real estate investment and development firm that helps family offices, RIAs, and wealth investors build wealth through private real estate investments. JLAM provides tech-forward solutions that give real-time insights to their partners’ investments and help them make informed decisions.
Business Challenges JLAM Wanted To Solve
The finance and construction teams at JLAM struggled to collaborate without a centralized document and data platform, leading to siloed information and delays as team members searched for the latest details.
Ian Goodenough, controller, sought not only improved reporting and faster draw processing but also better capital deployment. Could full portfolio visibility lead to more effective use of funds? Could equity partners get real-time insights? JLAM needed a platform specifically designed for construction finance.
Why JLAM Selected Rabbet
When Ian saw how full portfolio visibility could help him use business capital more efficiently, he contacted Rabbet to see if the platform would work for him.
To replace the old method of storing data in various Excel sheets, project informaition is stored in one unified and accessible location. Now the team has instant access to view overages, get real-time budget overviews and updates, and quickly generate and customize reports. Change order management is streamlined too. Rabbet’s easy-to-use change order log and budget management capabilities gives JLAM a central source of recordkeeping.
One especially critical feature is Rabbet’s cash flow management. With this functionality, all budget line items have a clear visual link to contract commitments—making a project budget transparent and accurate for all team members.
JLAM's Goals
- Implement a platform that serves the unique needs of property development
- Give the team visibility into real-time budget information, budget tracking, and change orders
- Enable efficient use and clear reporting regarding business capital
- Centralize all project and portfolio finance information in one place to improve internal efficiency
JLAM's Results With Rabbet
- More efficient usage of capital and greater reporting capabilities
- Construction and Accounting departments collaborate in real time, eliminating time wasted on back-and-forth
- Budget controls automatically track change orders
- Real-time insights identify issues in projects, allowing for proactive risk mitigation
- Field teams can quickly determine budget usage and determine whether a change order/contract price can be accepted rather than waiting for approval
- Increased efficiency through automation provides bandwidth to focus on strategic high-level operations
JLAM’s desire to improve efficiency, mitigate risks, and future-proof their operations made Rabbet the ideal choice for their construction finance operations.
“As someone who led the onboarding of Jack Lingo Asset Management to the Rabbet platform, I cannot say enough about their customer support staff. They were quick to respond and thorough in investigating issues/questions that were specific to our company. They not only allowed us to go live quickly but are a continued resource as we utilize more of their platform to transform our processes.”
Ian Goodenough
Controller
