Managing Complex and Expansive Real Estate Database
Real estate industry has to deal with vast amount of data owing to volatile market situations and various business dynamics. Some of the primary data sources include appraisal reports, sale or rental of commercial and residential properties, transaction details, lease management and other compliance related documents. Real estate managers and property holders are compelled to process this data efficiently to manage risk and real estate portfolio and ensure smooth business operations and compliance. However, given the complexities involved and evolving stringent regulatory requirements, data management poses a significant challenge for the real estate players.
Springbord understands the industry dynamics and helps you overcome these challenges by offering proven, high-quality administrative as well as lease abstraction services. Combining our data management expertise, years of experience and technology-enabled solutions, we offer customized services to meet your business-specific data management requirements.
In commercial real estate, lease administration has emerged to be a key strategic function to ensure portfolio optimization, cost containment and risk mitigation. However, most companies lack data management skill, infrastructure and expertise in lease administration, which restrict their ability to manage this function effectively. Inadequate focus on lease administration can result in underutilized assets and missed opportunities to optimize cost and streamline operations. It can also make it increasingly challenging to stay compliant with regulatory standards such as FASB and IASB lease accounting standards.
Springbord offers comprehensive lease administration services to support property managers, commercial real estate owners, retail managers and real estate investment trust (REIT). We help optimize portfolio management while remaining compliant. Whether it is commercial, residential, office space, retail, tower or ATM, we have been closely working with some of the leading real estate players helping them contain cost and drive strategic planning. Our lease administration services include:
Collect, standardize, and consolidate unstructured data and convert in user-friendly format to make analysis easier, simpler, and faster.
Extract critical details including deed of trust, promissory note, identify inefficiencies and improve revenue opportunities.
Lease Data Migration:
Convert, migrate, audit and integrate lease data with all the major accounting and financial and property management systems.
Accurately allocate recoverable expenses across tenants, maximizing receivables and in turn profitability.
Lease Audit Services:
Ensure billing is accurate and as per lease terms, identify any financial miscalculations and recover overpayments.
Abstracting multilingual leases require specialized skill. Our team is adept in abstracting multilingual leases using advanced solutions by extracting and managing critical lease data while ensuring accurate and exact interpretation.
To learn more about our portfolio of services or individual offerings please get in touch with us and we will be happy to assist.
From managing accounts payable and receivables to preparing accurate and timely reports, property accounting can throw several challenges at every phase of the cycle. Dealing with books while ensuring compliance, profitability and data security require specialized skills. That is why property managers and real estate organizations are increasingly partnering with experts who can efficiently manage property accounting on their behalf.
Springbord’s Property Accounting Services help real estate players mitigate risks, identify unrealized profit, streamline reporting and ensure compliance with regulatory standards at all times. Our team of accountants are adept in property accounting and bring years of experience in finance and accounting. Combining our expertise and industry best practices we ensure delivery excellence. By partnering with us you can minimize administration expenses and focus on primary and strategic business initiatives, while ensuring efficient management of accounting data. Our property accounting services include:
Help streamline payable cycle efficiency and ensure timely reconciliation to eliminate any possibilities of paying interest or late fines.
Process, analyze and manage receivables to help you minimize operating cost, reduce delinquency and boost recoveries and cash flow.
Prepare financial reports at predefined intervals to provide complete visibility into books as well as maintain transparent paper trail for compliance and audit.
To know how we can help streamline your accounting process and boost bottom-line, get in touch with us and we will be happy to assist.
Real estate companies need quick access to abstractions of relevant data from their leases in order to ensure that they do not miss any financial obligations or relevant deadlines. Lease abstraction also helps realtors keep up to date on payment histories, renewals, and terminations. However, lease abstraction is often a very time-consuming process, and it therefore helps to have a lease abstraction company on your side to extract the valuable data you need from contracts and other paperwork so that you do not have to.
Springbord lease abstraction can shoulder the load instead, helping you focus on growing your business. We can do this by assigning a dedicated team of lease analysts who are concise, accurate, and punctual. As soon as you need a specific set of information, our analysts will have it ready for you. Here is a little more information on Springbord’s lease abstraction service.
English Lease Abstraction
Companies looking for English language lease abstraction, Springbord can certainly help. Our experts can provide you with customized summaries for all financial, business, and legal provisions found in most leases, and we can send you reports in any format you desire. These lease abstracts can be easily incorporated into your company’s financial system or similar such applications.
The reports will include whatever information you specifically desire, though you can hope to expect the following and much more.
Our English lease abstraction services are also notable for the following features.
Every language has its own unique characteristics and the way it uses real estate abbreviations and terms. While using free online translation website is easier and cheaper, more often than not they turn up poorly translated documents that can compromise or even hurt your business. Therefore, it is recommended that you use experienced real estate translators to represent your real estate business in a professional way.
Springbord is a leading real estate data services company that offers professional translation services at an affordable cost. We help companies improve and manage quality of lease documents across different languages. We offer translation services for 23 different languages. Our team of experienced translators supports translation projects of varied complexity and size and is adept in translating legal content accurately and efficiently. We use a hybrid model (machine translation and human intelligence) to translate documents and ensure high data accuracy through multiple levels of quality checks. In addition, our service includes:
Get accurate and high-quality real estate translation without spending a fortune. Connect with Springbord today!
Common Area Maintenance (CAM) charges can significantly bump up tenants’ cost and if not monitored correctly can even expose landlords to challenges and disputes. While CAM costs are subjected to annual increments, sometimes sources such as property or construction taxes, landscaping, insurance, parking or utilities can lead to overcharges.
Springbord’s CAM Audit Services help ensure that CAM charges are accurate and in accordance to the lease contract. Our experts audit billing adjustments, costs levied, lease arrangements in terms of administration, facility portfolio and language to ensure fair pricing and that CAM charges are applied accurately. Our services include:
CAM Audit for Landlord:
CAM audit helps you include only accurate and appropriate costs, enabling you to optimize returns through proper, legitimate and timely cost-sharing, while safeguarding yourself against tenant disputes if any.
CAM Audit for Tenant:
Using best practices, we help you evaluate and ensure your CAM charges are fair and as per the contractual agreement. Our experts assess invoices and compare them with the lease to ensure charges are accurate, eliminating any possibility of duplication or accounting error that can lead to overcharges.
To find out how we can help collect accurate CAM charges, please get in touch with us and we will be happy to assist.
As property managers/owners you are required to prepare common area maintenance (CAM) reconciliation statements in order to recover charges for maintenance costs under a lease. However, CAM reconciliation can be a complex, cumbersome and time-consuming process, leading to accounting errors and possibly you leaving money on the table.
Whether it’s for retail, office or industrial properties, Springbord offers year-end CAM reconciliation services that enable you to recover your expenses quickly and efficiently. Our team of experts bring high degree of financial acumen and technical expertise, that help them accurately allocate recoverable expenses across tenants, maximizing receivables and in turn profitability, while ensuring lease compliance. Our CAM reconciliation services include:
Thorough property due diligence can help optimize operating cost as well as prioritize capital expenditure. Whether you wish to capitalize on opportunities, pursue new investments or lower your risk and improve transparency within real estate transactions, access to accurate and in-depth information is vital to making profitable decisions. But due diligence is a complex, comprehensive, and critical function that demands multidisciplinary talent and expertise.
The professionals at Springbord conduct due diligence aligned with your business requirements across financial and legal areas. We support you in rigorously inspecting the property and gather as much information needed to ensure you make informed decision. Our services empower you to identify risks, streamline asset performance, drive profitable operations and boost revenue opportunities. Springbord’s property due diligence services include:
Buyer’s Due Diligence:
Assess seller’s package containing information about property including claims, titles, leases, property management and environmental status. Our team reviews the information for accuracy and consistency to limit and eliminate any post-transaction surprises or risks.
Review assumptions and parameters to test reasonableness against information gathered from the market. This comparative approach to estimate the cost of the property helps assess whether or not depreciation is considered and real estate valuation is accurate and as per market condition.
Make informed and profitable buying or leasing decisions with the help of our services, to know more please get in touch with us and we will be happy to assist.
Whether it’s about running business efficiently, planning a strategy, redefining a business model or upgrading your business processes, accurate and comprehensive data is absolutely indispensable. Similar to any other sector, as real estate makes its way to digitization, property managers and industry players are increasingly upgrading their property management, accounting and financial modeling systems to streamline process and maximize efficiency and ensure compliance. However, for these investments to deliver desired returns you need efficient data migration and validation to ensure your data is accurate and compliant.
Springbord offers comprehensive lease data validation and migration services. Combining our domain expertise and proprietary tools, we focus on migrating and verifying data, enabling seamless transition and data accuracy. We bring years of experience in migrating from multiple lease tracking systems to newer real estate broker systems and validating data. Besides adopting industry-best data migration practices, we are also adept in designing custom migration for in-house systems. Our services include:
Analyze existing systems and processes, convert and migrate end-to-end existing data. We clean, process and enhance data to eliminate corrupt and incomplete information, ensuring comprehensive and accurate database. Experience in handling all the new real estate systems including Yardi, MRI, Nexus Systems, JD Edwards, AvidXchange and Argus and can even work on home-grown applications.
Validate, streamline, store and tag lease documents according to your business requirement to ensure data accuracy and easy accessibility at all times. We help collect and aggregate data needed to comply with the FASB or IFRS accounting rules, the team cross verifies every data with source document to deliver highest degree of quality assurance.
To learn more about our data migration services, please get in touch with us and we will be happy to assist.
Budgeting for the property year-on-year basis is a standard process followed by commercial lease or retail property managers. This helps track income and expenditure within the property and plan for the coming year. Budgeting also helps identify any change in trend within the market that may have an impact on the property and account for it accordingly. While a good budget can really help streamline property performance and operations, it can be time consuming and an arduous process especially if the size of property portfolio is huge and landlords’ requirements complex.
Out team of professionals at Springbord helps with an effective budgeting that provides a wealth of information and insight into trends and shifts in business as well as industry, enabling you to drive superior operations. We prepare budgets aligned with your financial strategies and objectives related to lease, administration, renovations, improvements, and maintenance projects. We have a proven record of meeting expectations, goals and forecasts. Here’s what we consider while structuring property budget:
To learn how we can support you in planning a profitable budget please get in touch with us and we will be happy to assist.
Springbord offers end-to-end real estate data aggregation services that allow you to build and manage complex and expansive real estate database, helping you drive profitable business outcomes. In addition, our relentless focus on data quality, accuracy, and integrity helps us ensure delivery excellence.
Springbord offers customized solutions based on your unique business requirements. We are neither a software provider nor an information vendor. Springbord is a technology-enabled data aggregator that leverages people, processes, and technology to aggregate information, ensuring comprehensive data quality, accuracy and integrity. Our services help you
Our services help you: