A real estate business has a lot of paperwork; it might be monotonous, but it is extremely important to run the business smoothly. One of these crucial but tedious works is CAM reconciliation or Common Area Maintenance Reconciliation work. Though this is a part of the more extensive lease agreement,...
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7 Reasons Why Your Business Needs Accounts Payable Automation
There are multiple layers of work in an Accounts system. Accounts Payable is probably one of the most crucial parts of it. It is what runs the cash flow of the company and determines your expenditure. From invoice tracking, recording keeping, processing and clearing payments, it has many different a...
Common mistakes CRE property managers commit while making CAM statements
Common Area Maintenance is a highly complex task in itself. The CAM reconciliation process can be a further hassle due to the multiple stakeholder involvement. It is time-consuming and tedious, but extremely important to have proper reconciliation done. Commercial Real Estate CAM reconciliation...
How application support can help you realise the true potential of your property management software
For any real estate business owner and manager, their professional life is filled with their own duties and juggling around many odd jobs. Manually doing these multiple odd jobs can turn into a huge curveball in the long run. From rent collections to sending reminders for payments, there can be endl...
How lease audits can help you achieve your goals
As Financial Accounting Standards Board (FASB) released new lease standards, you must get a proper lease audit to stay on track. This has complicated the lease abstraction process, which is one of the biggest reasons you need to audit your lease. If you do not have all your data and terms in place, ...
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