Commercial property management requires the reconciliation of Common Area Maintenance (CAM). It ensures that shared costs, such as maintenance and utilities, are divided relatively between landlords and tenants. However, the process can often lead to disagreements due to unclear terms, unexpected expenses, or lack of proper documentation. Managing CAM reconciliation has become more challenging as
Lease abstraction is a fundamental process in the real estate industry, providing a concise summary of vital lease terms, clauses, and relevant data extracted through the lease abstraction process from original lease contracts. It greatly facilitates the review, assessment, and execution of leases for property managers and landlords. While lease abstraction simplifies lease management, the
In commercial leasing, tenants rely on landlords for various services, such as utilities, parking lot maintenance, landscaping, janitorial services, security, snow removal, and upkeep of common areas (elevators, hallways, sidewalks). These services are part of the operating expenses landlords recover through Common Area Maintenance (CAM) charges. CAM expenses are typically calculated based on the tenant’s
When did you last closely examine the costs associated with common area maintenance (CAM)? For many business owners, CAM fees are unavoidable in leasing commercial property, but they are often obscured by complexity and hidden costs. Overcharges can easily be overlooked due to ambiguous line items and suspicious expense allocations. But are you paying more
Cash flow management is a critical aspect for real estate firms, integrating both account receivables and payables. It offers a comprehensive view of the financial health of a business, influencing its ability to fund projects, maintain operational efficiency, and sustain long-term growth. Effective management of account receivables and payables not only ensures a steady cash
In the dynamic realm of commercial real estate, the meticulous management of Common Area Maintenance (CAM) costs stands as a cornerstone for businesses across the USA. Exploring the multifaceted landscape of the USA market reveals that trends in CAM audit services are undergoing a substantial transformation. From industry trends to advanced reporting methods and the
The ESG Benefits of Efficient CAM Audits in Commercial Real Estate In the dynamic landscape of Commercial Real Estate (CRE), companies are increasingly recognizing the importance of adopting sustainable practices to align with Environmental, Social, and Governance (ESG) principles. Among the crucial strategies to achieve sustainability goals, Efficient Common Area Maintenance (CAM) audits stand out
In the fast-paced realm of business operations, where every decision impacts the bottom line, effective management of real estate assets and financial resources is crucial. One area that often demands precision and strategic foresight is real estate lease accounting. As businesses navigate the complexities of managing lease portfolios, the strategic move towards outsourcing real estate
In the dynamic landscape of real estate, sustainability, and proptech are emerging as transformative forces, reshaping the industry and offering real estate owners unprecedented opportunities to align profitability with environmental responsibility. Sustainable Real Estate: A Strategic Imperative A 2022 report by the Global ESG Benchmark for Real Assets (GRESB) revealed that the global real estate
In the ever-evolving landscape of the commercial real estate industry, efficiency, accuracy, and cost-effectiveness are paramount. Traditional lease abstraction processes, though tried and tested, have faced challenges in meeting the demands of today’s dynamic market. In this blog, we will explore the transformational impact of proptech-based lease abstraction, comparing it to manual processes, delving into