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Minimize your risks of commercial property management and multiply your earnings!
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 reconciliations can be complex, cumbersome and time-consuming process, leading to accounting errors and possibly you leaving money on the table.
We help you reduce overhead and turnaround time, increase efficiency and in turn boost profitability.
Talk to us today!What Springbord Can Do for You
Excellent real estate management is an important part of great investment, and something that every real estate investor should consider. We offer comprehensive property management services to help you streamline process, enhance portfolio management and build better tenant relationship. Our team of experts focus on consistently working to improve the quality of service by paying close attention to details and delivering best-in-class service as per clients’ business-specific requirements.
Improve Portfolio Management and Revenue Opportunities
Overview
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 and 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) to 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:
- Lease Abstraction:
Collect, standardize, and consolidate unstructured data and convert in user-friendly format to make analysis easier, simpler, and faster - Due Diligence:
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 - CAM Reconciliation:
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 - Multilingual Leases:
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.
Optimize Commercial Real Estate Leasehold Expense
Overview
Cost cutting is the order of the day for businesses today. As any amount of savings can help you keep the business afloat, improve bottom line or even tap into new market opportunities. Being a leader, you are required to run a tight ship and look for ways to reduce administrative costs. And since real estate and facility costs are one of the largest and recurring expense, many companies are turning to commercial lease audits to weed out hidden expenses and contain costs.
Springbord offers lease audit services to assess your commercial leases, billing methodologies and leasehold expenses to ensure you are billed accurately and as per your lease terms. Our team of experts bring high degree of financial acumen and technical competence that uniquely position us to identify any financial miscalculations and recover overpayments. Our lease audit services include:
- Validating lease documents to identify any discrepancies and computational errors
- Analyzing and discovering billing errors and recoup overpayments
- Notifying the landlord about overpayments
- Following up and coordinating with landlord/s to obtain any additional documents or clarification wherever required
- Facilitating potential savings by identifying any discrepancy in the PRS, administration fees or controllable and non-controllable expenses (CAP calculations)
- Eliminating any future overbilling dispute thus presenting savings opportunities
Maximize Profit through CAM Reconciliation
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, enabling them to accurately allocate recoverable expenses across tenants, maximizing receivables and in turn profitability, while ensuring lease compliance. Our CAM reconciliation services include:
- Evaluating general ledger of the property for allowable vis-à-vis non-escalable expenses
- Reviewing each tenant lease to identify provisions for expense escalation
- Calculating gross-ups wherever applicable and other relevant adjustments to maximize receivables for the year
- Generating year-end CAM reconciliation tenant billings as well as current year estimated CAM tenant billings
- Fully documenting in an annual CAM reconciliation notebook to ensure complete transparency for audit and future reference
- Providing complete support if any tenant audits their billings
Make Informed and Profitable Decision with Property Due Diligence
Overview
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 various areas including financial and legal. 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. - Qualitative Reasoning:
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.
Why Partner with Springbord
Springbord offers end-to-end real estate data aggregation service that allows 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.
- Helping you achieve optimal asset and portfolio management
- An array of property management services for apartments, office buildings and retail properties
- Eliminate related risk of property management
Why partner with Springbord
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
- Improve data management, analysis and presentation
- Simplify interpretation and maximize insights
- Optimize value from your existing data