Lease Lifecycle Pain Point #5:  Losing Track of the Big Picture
Lease Lifecycle Pain Point #5: Losing Track of the Big Picture
With the vast amounts of data in our businesses, it can be difficult to get a comprehensive and accurate view of many aspects of our operations.  While we know it would be a “good” idea to leverage that valuable information, it can be a challenge to harness it in ways that will lead to valuable … Continued
Lease Lifecycle Pain Point #4:  Missing Key Dates
Lease Lifecycle Pain Point #4: Missing Key Dates
Have you ever laid awake in the middle of the night wondering if you missed an important lease date?  Or, worse still, have you ever woken up to find out that you had??  As we all know, the penalty for missing critical dates (such as a required notice provision or a renewal option) can be … Continued
Lease Lifecycle Pain Point #3:  Who’s on First?
Lease Lifecycle Pain Point #3: Who’s on First?
The second law of real estate after “Location, Location, Location” is “Time Kills Deals.”  However, we are all juggling multiple hot irons in hopes that some deals are made and it can be difficult to keep track.  While understanding where you and your team are in the process across multiple deals can be a challenge, … Continued
Lease Lifecycle Pain Point #2: Due Diligence Misses
Lease Lifecycle Pain Point #2: Due Diligence Misses
Have you ever had the unfortunate experience of discovering a major issue after the lease was signed or the escrow closed that significantly impacted the profitability or even the viability of your deal?  If you have, you are not alone, as almost everyone who’s been in this business long enough has battle scars to prove … Continued
Lease Lifecycle Pain Point #1: <br> Juggling the “Right” Opportunities
Lease Lifecycle Pain Point #1:
Juggling the “Right” Opportunities
Depending on your side of the business, finding either the right tenant or the right space to lease is critical to your success.  Without a proven game plan to effectively identify and assess potential tenants or sites, you can wind up spinning your wheels, literally, as you drive from location to location trying to gather … Continued
Top 5 Pain Points of Lease Lifecycle Management:  How Technology Can Help
Top 5 Pain Points of Lease Lifecycle Management: How Technology Can Help
Managing the lease lifecycle process can not only be a costly drain of your organization’s time and vital resources, it can also be a major liability if not done effectively.  As it stands today, the disjointed process is fraught with issues since it remains primarily paper-based and not collaborative in nature.  In fact, according to … Continued
Avoid Risk by Automating Your Inspection Process
Avoid Risk by Automating Your Inspection Process
Those who are in the business of managing properties and facilities have a great deal of responsibilities.  Chief among those responsibilities is the task of inspections.   Inspections are a critical component for a property to successfully operate.  Your business is at risk if inspections are not conducted or not conducted in a timely fashion.  There … Continued
How to Calculate the ROI of Your Real Estate Process Improvements
How to Calculate the ROI of Your Real Estate Process Improvements
Let’s face it, asset managers, property managers and leasing teams are often overwhelmed by manual processes and underwhelmed with current tools and technologies meant to make them more productive. From managing leases and maintenance to tracking COIs and creating reports, managing operations across a portfolio of properties can be complex and costly. That’s why CRE … Continued
Why CRE Companies Are Finally Adopting Technology
Why CRE Companies Are Finally Adopting Technology
Because of the nuance and data-centric nature of this business, tailoring technology is imperative to commercial real estate companies. By Kelsi Maree Borland | March 14, 2019 at 04:00 AM This month, Common Areas launched a new configurable operations platform for commercial real estate companies. The idea of a configurable technology isn’t new—but it is a new concept … Continued
Process Automation—The Secret to Efficient Real Estate Operations
Process Automation—The Secret to Efficient Real Estate Operations
The Prevailing Predicament Technology’s role in managing real estate operations has never been more important or had a more significant impact on productivity. While its importance cannot be overstated, embracing and adopting changes in technology may be one of the most critical and challenging strategic business priorities facing real estate companies today. The promise of … Continued