Common Area Maintenance (CAM) and other operating expenses are carefully defined and included in the lease. While these clauses clearly outline the tenant expenses, more often than not real estate owners end up losing money due to incorrect reconciliation. Inaccurate CAM reconciliations can result in losses that can run up to tens of thousands of
Lease administration is a commonly used term, even though it is rarely understood in its entirety. As commercial property managers/owners you realize that managing leases is an integral part of your company’s operations. And lease administration is not a one-time task, rather it is a continuous process that allows you to manage and ensure all
Property management is key for commercial real estate portfolios. As a property owner/manager you understand that property management, while exciting, has a potential to hurt business if you put a foot wrong. Moreover, as you continue to scale your portfolio, the process of managing properties effectively and efficiently tend to become more complex and time
The real estate industry contributes $3.5 trillion to the US GDP. While the industry is the largest asset class sector in the world, it has been relatively slow in embracing technology. However, disruptive trends are compelling players to go beyond conventional operations and strategies to drive profitability and provide better customer service experiences. We all
When you have a business that’s growing and expanding. The temptation to have your own office is strong at this stage and you want to lease your office space. However, it is important to be aware of the many pitfalls that most businesses owners make when leasing for the first time. Prioritize Budget and Function
As we enter 2019, real estate industry experts, researchers, and economists focus on the major trends that will dictate the commercial real estate industry in the next twelve months. Here is a quick snapshot of top six trends. 1.Opportunity Zones Craze is Here to Stay Many investors are eagerly waiting for the finalized guidelines from
Co-working is on the rise and has been drastically changing the way we use office spaces. It is no longer restricted to startups and small enterprises and is now a hot topic for the entire corporate real estate industry. According to a survey conducted at the CoreNet Global Summit 2018 in Boston, over the span
It’s official. Industry experts at Europe’s Expo Real 2018 agree that there’s no better time than present to make AI part of a real estate business strategy for long term success. From valuation to decision-making, from fault detection to predictive energy utilization, from instant transactions to smart building maintenance, there is hardly anything that
Accounts Receivables (AR), also known as debtors, are the dues from the clients or credit customers. According to Forbes, AR is one of the first business processes to be outsourced and also the one to dominate outsourced activities. In today’s ever changing global economy, most businesses aim to run leaner by outsourcing low priority business
A professional real estate appraiser is a specialist in appraising real estate. An appraiser’s services may be needed for various reasons such as home purchases, refinances, marketing appraisals, tax appeal appraisals bankruptcy appraisals, estate planning appraisals, etc. Whatever the reason, choosing the right real estate appraiser is very important when dealing with your property. Here