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Category: Real Estate

lease abstraction frequently asked questions
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Monday, 09 January 2023 / Published in Lease Abstraction, Real Estate
6 Questions to Ask Your Lease Abstraction Service Provider Before You Sign Them Up
There’s a lot of rationale for the surge in the popularity of lease abstraction. Faster access to all relevant lease details improves portfolio visibility, facilitates educated decision-making, and streamlines the management of both time and leases. Legal and financial risk can also be mitigated by facilitating timely compliance and accounting. When done correctly, lease abstraction
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virtual reality for real estate
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Friday, 06 January 2023 / Published in Real Estate, Virtual Reality
5 Benefits That Virtual Reality Can Be Utilized in the Real Estate Industry
The term “virtual reality” refers to the use of computer technology to generate a realistic, interactive, and immersive simulation of a three-dimensional scene or object. Virtual reality (VR) lets people have an experience that can either be exactly like real life or completely different. The use of virtual reality (VR) in real estate advertising has
virtual reality for real estatevirtual reality home toursvirtual reality real estate companiesvirtual reality real estate companyvr real estatevr real estate marketing
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Common Area Maintenance Fees
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Monday, 10 October 2022 / Published in CAM Audit, Real Estate
Common Area Maintenance Fees in Commercial Lease Negotiations
In a commercial lease, the “Common Area Maintenance” (or “CAM”) fee is a common example of the “triple net” (NNN) structure. Landlords typically expect payment from tenants for expenses like insurance, taxes, and common area maintenance in NNN leases. Triple net lease (or NNN) is a popular form of a commercial lease because it allows
CAM auditCAM Audit ServicesCAM ChargesCAm FeesCommon Area Maintenance FeesOutsource CAM Audit
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Real Estate Accounting
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Friday, 07 October 2022 / Published in Property Accounting, Real Estate
7 Most Common Accounting Errors to Avoid in the Real Estate Industry
To put it mildly, the real estate market is unpredictable and complex; throw in some shady accounting practices, and things get downright perplexing. It can ruin your company’s credibility as a legitimate real estate agency and cost you millions of dollars. Many businesses make countless errors as they progress. The sum of these obvious flaws,
commercial property management accountingcommercial real estate accountingoutsourcing property accounting servicesproperty accounting servicesproperty management accounting servicesreal estate accounting servicesreal estate property accounting
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Lease Administration
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Wednesday, 05 October 2022 / Published in Lease Administration, Real Estate
Do You Need a Specialized Team to Handle Lease Administration?
Through proper lease administration, You may save a ton of money and exert a great deal of control and authority over your lease portfolios. Without proper lease administration, tenants often find themselves in a difficult position, with no recourse but to accept the landlord’s terms. This fact alone demonstrates why lease administration is so crucial.
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Lease Accounting
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Monday, 03 October 2022 / Published in Lease Accounting, Real Estate
What Role Can Outsource Play in a Well-developed Lease Accounting Strategy?
You have a lot going on. You’re considering hiring an auditor and/or consulting firm to handle the massive transition to FASB Topic 842 and IFRS 16 since you just don’t have the time, resources, or manpower in-house to do it alone. Hiring an auditor or CPA can help you save time and have access to
accounting for real estate leaseslease accountinglease accounting asc 842Lease Accounting OutsourcingLease Accounting ServicesLease Accounting StrategyOutsource Lease accounting
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cam reconciliation
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Friday, 09 September 2022 / Published in CAM Reconciliation, Real Estate
Reconcile your CAM Data and Do It Right the First Time.
“Common Area Maintenance” (or “CAM”) is used in the property management industry to refer to fixes and upkeep that affect both the building and its residents. Expenses for shared areas in mixed-use buildings should be taken into account. In addition to homes and maybe even workplaces, these projects might provide retail, dining, and leisure options.
CAM reconciliationCAM Reconciliation OutsourcingCAM Reconciliation Processcam reconciliation real estateCAM Reconciliation Servicescommon area maintenance reconciliation
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Real Estate Multiple Listing Service
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Wednesday, 07 September 2022 / Published in Data Services, Real Estate
Benefits and Drawbacks of Using a Real Estate Multiple Listing Service
People sell their houses for a wide variety of reasons, including the inability to accommodate a growing family, the necessity to move to a different city or state for a new profession, or a desire for a lifestyle change.  If you’re selling your home, whether for financial or emotional reasons, you’re probably like everyone else
mls providermls service providersMultiple Listing Servicemultiple listing service providerReal Estate Multiple Listing Service
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lease administration company
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Monday, 05 September 2022 / Published in Lease Administration, Real Estate
Six Factors to be Considered When Choosing a Lease Administration Company
There are many positive aspects to hiring a third party to handle the analysis, audit, and management of a real estate portfolio’s leases. Due to economies of scale, having a specialized team manage a company’s leases results in lower costs and better service for the company as a whole. When property owners outsource their lease
lease administration companylease administration service partnerLease Administration Servicesoutsource lease administration services
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commercial lease abstraction
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Thursday, 01 September 2022 / Published in Lease Abstraction, Real Estate
What is a Commercial Lease Abstract and Why is it Important to Understand One?
Agreements for commercial leases are often long and difficult to understand. It can be time-consuming and challenging to extract important information from a lease. An abstract of a lease is a condensed, easy-to-read version of the full lease. It also organizes the original, lengthy lease paperwork for quick and easy reference. An abstract of a
commercial lease abstractCommercial Lease Abstractioncommercial lease abstraction servicescommercial real estate lease abstractionlease abstracting serviceslease abstraction services
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