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Common area maintenance (CAM) reconciliations are important as the money recovered is used to operate and maintain the property. Commercial property CAM reconciliation is complex, arduous and time-consuming task. It demands focused and meticulous review of multiple leases and accurate calculation of tenant share based on lease terms, granted modifications and other pre-determined expense caps.
As ecommerce continues to grow at an unprecedented rate, the online shopping experience is becoming even more rich and sophisticated. Brands across sectors have realized that images play a key role in driving conversion and have started to add bigger and better images. But what many do not understand is that if images are not
Both Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) brought in sweeping changes, compelling real estate industry to rethink not just lease accounting but also lease administration processes. Aside from extensive regulatory changes, proliferation of digital technology, changing stakeholders’ expectations, volatile economic environment and intensifying competition continue to present daunting challenges
Consider yourself as a buyer, would you be willing to make a purchase after reading a bad product description? Doubt that. We can safely assume that poorly written copy can potentially turn shoppers away. We may not have statistics to prove what impact product descriptions may have on product sales. While some products may simply
As an ecommerce player you spend a significant amount of time in creating your Amazon product listing. But how much time do you really devote to optimizing that product listing? Amazon’s net revenue in the last quarter was 63.4 billion USD, up from 59.7 billion USD in its preceding quarter. The constant growth in revenue
Online stores, unlike brick and mortar stores, do not have the advantage of interacting with the customers in person, in absence of which the catalog becomes the storefront, in other words your salesman. Therefore, ecommerce catalog management plays a key role in delivering great customer experience and can no longer be delayed or overlooked. You
The US Law defines CAM charges as the expense that a tenant is expected to pay up on a pro-rata basis towards the annual maintenance, repair and operation of common utility areas, as incurred by the landlord / property owner. In the real scenario, CAM charges are basically whatever the landlord has mentioned in the
Real estate players are increasingly installing lease administration and accounting software. Given the stringent compliance mandate by International Accounting Standards Board (IASB) and the US Financial Accounting Standards Board (FASB), expansive portfolios and complex nature of transactions, software applications have become rather mainstream. While some prefer to go for a single vendor approach for both
Commercial real estate can be a very lucrative business but managing it is a different ball game altogether. All things considered, commercial property management can be tedious, complex and extremely time-consuming. It is a demanding process and if not done well can negatively impact business. Hiring a property management can help run operations smoothly, but
Lease abstraction is one of the key and fundamental part of commercial real estate industry. As you are aware, lease abstracts are summary of most important details of a lease presented in an easy-to-read format. It allows commercial real estate property owners to stay on top of key data points across their lease portfolio –