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This our second and last blog post of the series CAM reconciliation FAQs. In this post we will walk you through some of the key aspects of CAM reconciliation that can help you streamline the task. How to calculate CPI within CAM reconciliations? According to the Bureau of Labor Statistics (BLS) website Consumer Price Index
Commercial lease abstraction is a fundamental and a critical part of the real estate industry. Accurate, timely and concise lease abstraction helps manage a variety of processes and operations efficiently. Plus, efficient lease abstraction means effective lease data management that helps gain a lot of timely insights that support strategic and profitable business decision making.
Virtual reality (VR) promises to unlock great possibilities within the real estate marketing sphere. While this technology seemed out of reach for smaller and medium organizations at the beginning, over the years its adoption has been steadily rising given its tangible business benefits. In fact, Goldman Sachs estimates the VR technology revenue would reach $2.6
In a commercial real estate leasing common area maintenance (CAM) charges are operating expenses that play a key role in maintaining a healthy cash flow and the property. CAM reconciliation, while a straightforward process on paper, is one of the most tedious and complex tasks in practice. In this two part blog series we have
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
Managing commercial lease is a tedious and complex work. Given the extensive volume of lease portfolios, related paperwork, and several contractual iterations, it is becoming increasingly challenging to track and manage lease contracts efficiently. The challenge is further compounded due to siloed processes and mostly manually managed documentation and filing that restricts holistic visibility into
In an aggressively competitive real estate market today, companies need to pull out all the stops when it comes to real estate marketing in order gain and retain market share. Considering the key role location plays in selling any property it is only logical that industry players should have a detailed portfolio of maps and
Common area maintenance (CAM) expenses are operating expenses of a building that are reconciled annually and billed to the tenants in case of a shortfall. CAM reconciliation entails adding up all expenses incurred throughout the year and tallying it against the estimated CAM charges billed to the tenants. While the processes may seem simple it
The ever-growing and evolving real estate sector has never had a more effective marketing as well as architectural tool than image renderings. Considering the myriad benefits that 3D image rendering promises, the sector has emerged to be one of the most extensive users of this technology. Whether you are real estate developer, owner, broker, architect,
The telecom industry is evolving at an unprecedented speed. This continuous disruption underpinned by network upgrades, technology innovations, and ever escalating demand for data is putting telecom companies under immense pressure to keep pace in order to meet new market demands. As businesses strive to stay competitive in this dynamic landscape, and scale their network,