Cloud migration is becoming increasingly popular and for all the right reasons. Recent figures from the 451 Research Group show that 90% of the companies use some form of cloud computing. Moving to the cloud has several benefits such as reduced costs, improved security, and more storage sp...
Blog tagged as property management
Common Lease Abstraction Issues and How To Solve Them
03.09.21 09:00 AM - Comment(s)
Leases are bulky but essential documents in every real estate business. These documents carry important clauses, making lease management even more difficult. Reading leases every time a tenant wants to sign them can be time-consuming. Instead, lease abstracts serve as a summary of the original docum...
6 Reasons To Outsource Your Back Office Accounting
01.09.21 09:00 AM - Comment(s)
The real estate industry deals with a large number of transactions every day. In 2020 alone, 5.64 million existing homes were sold in the US. These transactions also vary in magnitude from huge property investments to small maintenance expenditures. That’s why accounting and bookkeeping pl...
Outsourcing During Pandemic: What You Need To Know
26.08.21 01:30 PM - Comment(s)
The Covid-19 pandemic brought unprecedented changes to every global industry--including real estate. Companies are making up for the lost time by rethinking their work strategy. As more employees have started working remotely, property managers are also considering outsourcing.
Outs...
Top 9 Best Practices For CAM Reconciliation
23.08.21 09:00 AM - Comment(s)
Common Area Maintenance (CAM) reconciliation sounds simple. Just add up all common area expenses and divide them among all the tenants. But in reality, it is a complex and time-consuming process.
You might miss certain expenses or end up overcharging your tenants. Additionally, any ...
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