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The real estate industry has undergone a remarkable transformation in recent years due to the incorporation of technology. The purchasing, selling, and management of real estate have been revolutionized by technological advances such as virtual reality, artificial intelligence, blockchain, and big data analytics. This article examines the impact of technology on real estate, including its
Real estate data is a valuable asset for any company operating in the real estate industry. It provides insights into market trends, property values, and customer behavior. With the rise of digital technology, collecting and analyzing real estate data has become easier and more efficient. However, with this ease of access comes the question of
As a real estate company, Springbord understands the importance of knowing how to calculate lease liability. Whether you are a tenant or landlord, it is crucial to have an understanding of lease accounting principles to accurately calculate your lease liabilities. In this blog, we will discuss the basics of operating leases and the accounting standards
Lease abstraction is the process of summarizing complex lease agreements into a standardized format. Lease abstraction automation has become an essential part of real estate portfolio management, as it helps businesses manage their leases efficiently and effectively. With the advancement of technology, automated lease abstraction has become increasingly automated and streamlined. In this article, we
The real estate market is just one area that has been severely impacted by the COVID-19 pandemic. As a leading real estate service provider, Springbord has been closely monitoring the effects of the pandemic on the real estate industry. In this article, we will examine the key trends and insights shaping the real estate market
When it comes to buying or selling a property, hiring a real estate agent can offer numerous benefits. One of the most significant advantages of hiring a real estate agent is their expertise and experience in the field. Real estate agents have extensive knowledge of the local real estate market, and they can provide you
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,
Introduction: In commercial Real Estate agencies, the agents have to manage a host of activities like keeping up with clients, managing finances, lease administration, and making business networks. Success in Real Estate not only depends on the ability to create contacts and close sales but also on following the best administrative practices. Accounting plays a
Managing large property portfolios entail a range of tasks that can make property management complex and tedious. Add to that, monthly property accounting and financial reporting can further compound these challenges. With so much at stake, real estate owners and property management companies are increasingly adopting outsourcing as their go-to-strategy for property accounting services to
There is no other industry sector as dynamic as the real estate industry. It is characterized by varying risk factors and unique challenges, where industry players are continually striving to optimize profit while navigating the volatile market space. One of the key requirements of doing business effectively is to have complete operational control and process
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