✨ The done-for-you alternative
MRI Lease Abstraction Services
MRI sells lease abstraction software — a tool your team licenses, learns, and operates, with your lease administrators uploading documents and reviewing every extraction the model makes. That is a reasonable path if abstraction is a steady-state activity with trained staff behind it. But most MRI portfolios hit abstraction in spikes: an acquisition closes, a migration kicks off, an audit demands current abstracts — and suddenly the tool needs operators nobody has to spare.
PropETL is the managed alternative: send us the scanned leases and finished abstracts come back. AI-powered extraction captures every field with page-level citations, a lease abstraction specialist verifies each abstract against the source document before delivery, and the data arrives shaped for MRI’s lease structures — or for a migration into or out of MRI — rather than in a generic template someone still has to translate.
Software you operate vs a service that delivers
The distinction matters more than the feature list. With abstraction software, the license fee is the visible cost — the invisible cost is your team’s hours reviewing output, correcting extractions, and learning the tool, all while their actual job (running the portfolio in MRI) waits. For a one-time batch, you are also buying licenses and training for a workflow you will retire in a quarter.
With a managed service, quality assurance is our workload, not yours. Every abstract is QA-reviewed by a specialist before you see it, every extracted value carries a page citation so your team can verify anything in seconds, and confidence scoring flags exactly where human attention went. You receive finished data, not a review queue.
Abstracts shaped for MRI
- ✓Structured abstract per lease: parties and guarantors, premises, commencement and expiry, key dates, base rent and escalations, recoveries, deposits, and renewal, termination and expansion options
- ✓Field lists mapped to how MRI stores lease data — charge structures, option records, and recovery setups — in your template or ours, so the last mile into MRI is short
- ✓Amendments, riders, and side letters merged into a single package before extraction, so the abstract reflects the current controlling terms
- ✓Page-level citations on every value, confidence scoring, and specialist QA sign-off on every abstract before delivery
MRI-to-Yardi and Yardi-to-MRI migrations
A large share of abstraction demand around MRI is really migration demand: a portfolio is moving between MRI and Yardi and the lease data has to move with it. That is home turf for us — PropETL’s team comes from 20+ real ERP implementations, and our ETL engine validates data against hundreds of Yardi import modules and thousands of field-level rules, so a migration engagement ends with validated, reconcilable data rather than a spreadsheet handoff.
When the source system’s records are incomplete or untrusted, the leases themselves become the source of truth: we abstract them and feed the migration from the abstracts, one pipeline from scanned document to validated import data with no re-keying seam in the middle.
How to evaluate us — on your own leases
- ✓Free sample round: send one representative lease from your MRI portfolio and receive a finished, QA-verified abstract back — judge quality before any commitment
- ✓Custom per-lease pricing quoted after seeing a representative document, so the number reflects your actual leases, not a hypothetical average
- ✓NDA available; documents are used only to produce your deliverables and deleted on request
- ✓Delivery in days, not weeks — sized to acquisition closings, audit deadlines, and migration cutover dates
Frequently asked questions
How is this different from MRI’s own lease abstraction software?
MRI’s offering is software: your team licenses the tool, uploads documents, and owns the review and correction workload. PropETL is a managed service — you send scanned leases and receive abstracts a human specialist has already verified against the source, with page citations on every value. For spike work like acquisitions and migrations, a service avoids licensing and training a tool for a batch you will finish in weeks.
Do you deliver abstracts in MRI’s format?
We deliver structured data shaped for how MRI stores lease information — charge structures, options, recoveries — in your abstract template or ours, with the field list agreed during scoping. The goal is that your MRI team loads data rather than translating a generic vendor template. If the abstracts feed a migration instead, we shape them for the target system’s import structures.
Can you support a migration between MRI and Yardi?
Yes — migrations are our core competence, in both directions. Our team has 20+ real ERP implementations behind it, and for Yardi-bound data PropETL’s ETL engine validates every record against hundreds of Yardi import modules and thousands of field-level rules before import, with charge schedules reconciled so day-one billing matches the legacy rent roll. Abstraction and migration can run as one combined engagement.
How do you handle amendments and multi-document lease files?
Commercial lease files are rarely a single document, so we merge the original lease, amendments, riders, and side letters into one package before extraction. The abstract reflects the current controlling terms rather than the original signature copy, and conflicts between documents are flagged for review instead of silently resolved. Every resolved value still carries its page citation.
What does MRI lease abstraction cost?
Pricing is custom per lease, quoted after we see a representative document — volume, document length, amendment count, and deliverable format all move the number. For context, outsourced full-service abstraction industry-wide typically runs $150–400 per lease. Start with the free sample round: one lease in, one finished abstract back, and you get a quality benchmark and a firm quote together.
Get a quote — and a free sample round
Send one representative lease and we return the finished abstract, so you can judge the quality on your own documents before committing to anything.