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Lease administration deals with lease management making your lease portfolio stay on top and helping businesses move forward with better decisions. Especially at the time of renewal, lease administration allows you to have control over the lease and it keeps you updated on lease terms and other dates. Not having lease administration, one might often
The real estate industry often uses jargon like NNN, pro-rata, CAM and so much more. If you are leasing your property or investing in a property, you would have definitely heard of the term CAM. Not sure of what CAM actually is? Let us now get to know its definition. CAM (Common Area Maintenance) Common
In order for a business to grow and see success, it is a must for firms to implement changes at a rapid pace, which will help them not just in the survival but to achieve great success. The recent pandemic also has pushed them to adapt to the new normal and to the changing business
Amazon, one of the giant e-commerce stores, is a highly competitive marketplace where sellers battle with each other to generate good revenue. Though the Amazon marketplace is a most sought-after platform, it possesses various challenges that sellers have to overcome to boost sales and profit. Amazon catalog management is the key to enhancing visibility and
At the end of the year as the CAM fee is calculated the landlords usually end up in a confused state wondering if the tenants still owe them for certain charges, has the calculations have been done accurately, or do they owe the tenants instead. CAM is a common area utility fee that every property
Outsourcing helps real estate businesses to cut back costs and unlock benefits that are otherwise looked over when you hire your own team in your space. In a business, it is always clever to find ways to enjoy finer things in a cost-effective way. The competition is always on the rise with all the great
Many industries are trying to adopt new technologies that could make their work easier, more efficient, and cost-effective. That is how Artificial Intelligence (AI) and Machine Learning (ML) come into play. These two technologies are already used in many industries such as health care, finance, entertainment, automobile, e-commerce, etc and they will soon create a
The hospitality industry is growing at an unprecedented pace these days. Though hit by the pandemic in the last couple of months, hotels have started to bounce back much stronger. To further uplift this industry, Online Travel Aggregators (OTA) act as a backbone to many of the hotels that see poor revenue or income. Thinking
The interest in sports and the craze on the game people have is reaching new peaks day by day. Unlike in the past, sports are attracting more and more people today. This is because it has become an integral part of everyone’s life and provides a high dose of fun and entertainment. To take the
CAM reconciliation in itself may not sound like a lot of work but keeping it organized is a little more complicated than it seems. The CAM charges differ from property to property, hence, there is no way to determine the charges and put out a specific rule on how they should be charged. The year-end