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Author: Admin
Many real estate companies are struggling to tap into newer opportunities and retain and gain market share in the face of rapidly changing industry landscape, new entrants, and intensifying competition. It is mostly because their in-house resources are swamped with performing routine administrative and property management tasks to meet the growing reporting and compliance requirements
Accounting is a critical aspect of any business. It is central to maintaining books, cash flow, supply chain, and above all keep a track of every monetary transaction and aspect. It helps businesses gain complete visibility into and maintain the financial health and plan and strategize to drive profitable outcomes. The importance of accounting is
If you have a commercial lease you are aware of common area maintenance or (CAM) expenses. This is essentially a tenant’s pro-rata share of operating expenses that the landlord incurs over the lease term in maintaining and operating the retail center or the building. CAM costs are an important part of commercial lease that allow
Even though common area maintenance (CAM) reconciliation is one of the critical processes in commercial leasing that contributes to accurate accounting and cashflow, it remains a challenge for most. Because reasons vary as to why CAM reconciliation is a source of stress and anxiety, there are no one-size-fits-all solution for simplifying this process. Even the
This our second and last blog post of the series CAM reconciliation FAQs. In this post we will walk you through some of the key aspects of CAM reconciliation that can help you streamline the task. How to calculate CPI within CAM reconciliations? According to the Bureau of Labor Statistics (BLS) website Consumer Price Index
Commercial lease abstraction is a fundamental and a critical part of the real estate industry. Accurate, timely and concise lease abstraction helps manage a variety of processes and operations efficiently. Plus, efficient lease abstraction means effective lease data management that helps gain a lot of timely insights that support strategic and profitable business decision making.
In a triple net lease, common area maintenance (CAM) charges play a key role. They account for the operating charges and overall rent liability of tenants. While CAM expenses are a common aspect of any commercial lease, it remains a contentious issue as it accounts for substantial portion of tenants’ lease cost. Ideally, tenants completely
Virtual reality (VR) promises to unlock great possibilities within the real estate marketing sphere. While this technology seemed out of reach for smaller and medium organizations at the beginning, over the years its adoption has been steadily rising given its tangible business benefits. In fact, Goldman Sachs estimates the VR technology revenue would reach $2.6
In a commercial real estate leasing common area maintenance (CAM) charges are operating expenses that play a key role in maintaining a healthy cash flow and the property. CAM reconciliation, while a straightforward process on paper, is one of the most tedious and complex tasks in practice. In this two part blog series we have
Managing commercial lease is a tedious and complex work. Given the extensive volume of lease portfolios, related paperwork, and several contractual iterations, it is becoming increasingly challenging to track and manage lease contracts efficiently. The challenge is further compounded due to siloed processes and mostly manually managed documentation and filing that restricts holistic visibility into