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Common area maintenance (CAM) reconciliation is a key process in commercial leasing as it helps recover the money used to maintain and operate the property. But CAM reconciliation is a tedious, complex, arduous, and time-consuming task that demands dedicated focus, attention, and skill. Given the challenging requirements and increasingly growing complex commercial lease portfolios, most
According to Statista, global retail e-commerce sales will reach $6.54 trillion US by 2022, which is twice more than in 2019. Numerous businesses are moving sales online and the competition in the online market is fierce. To survive, succeed and sustain in today’s eCommerce market, your online business needs to be fast, affordable, and easy
Planning a trip, whether it is for business or leisure, starts with an internet search. From deciding on a location, places to visit, eat and stay, every decision is based on the information gathered online. So, if a hotel is looking to attract more guests, it has to start by maximizing its visibility and exposure
Sports tech is changing the way athletes perform and compete. It is helping their managers generate analytics in real time and redefine the future of the game. It is also enabling fans to consume sports in ways never imagined before. Today, e-sports has makes it possible for teams, trainers, enthusiasts, fans and others to leverage
The retail sector is facing challenges that are not just demanding but unprecedented spurred by the pandemic and its long-term impact. Amidst the volatility and uncertainty, retailers are striving hard to optimize profitability while creating value through lease restructuring and management. Given the situation, the process of lease administration has evolved from a mere support
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 –
Every law firm may not have a dedicated leasing team to handle all things related to commercial lease. That said, lease abstracts play a critical role in managing real estate investments, acquisitions and even litigations. These summaries provide key business, financial and legal data extracted as per due diligence requirements and standards. While gleaning information
The real estate industry has historically relied on a variety of traditional and retrospective data to make business decisions. But today, thanks to the influx of structured and unstructured data, real estate players have the ability to gain greater insights into market trends, risks, and opportunities. While demand for real estate data is constantly on
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