Posts Tagged ‘Lease Administration’
CRE Portfolio Management Software | Document Management Features You Need
When you’re on the hunt for commercial real estate (CRE) portfolio management software, efficient management of documents is a critical aspect of ensuring that every operation runs smoothly. Whether you are dealing with leases, appendices, floor plans, or invoices, the ability to access and manage documents effectively can make a substantial difference in your workflow.…
Read MoreReal Estate Lease Administrator | Defining the Role
For commercial real estate tenants, having a skilled Real Estate Lease Administrator is essential to navigate the complexities of a lease portfolio. However, unless you have actively worked in this field, you might not know exactly what it all entails and why this person might be your secret weapon for success. A commercial real estate…
Read MoreROU Assets: Deciphering the Difference
In the dynamic landscape of commercial real estate, accurate asset management is the cornerstone of success. Among the myriad of assets, ROU (Right of Use) assets play pivotal roles. However, distinguishing between “operating” and “finance” assets and effectively managing them can be complex. Asset management is the strategic process of overseeing, optimizing, and maximizing the…
Read MoreNavigating CAM Reconciliation Challenges as a Tenant
As a commercial tenant, you are no stranger to the Common Area Maintenance (CAM) charges included in your lease agreement. CAM fees cover various expenses associated with the maintenance, repair, and operation of shared common areas in a commercial property. While the charges are a common practice, CAM reconciliation can be a daunting task. CAM…
Read MoreLease Administration Reporting: The Key to Efficient CRE Management
Effective lease administration reporting is essential for managing commercial real estate portfolios, ensuring compliance, and maximizing operational efficiency. Fischer Solutions’ ManagePath streamlines the lease management processes with one of the most important features being robust reporting tools. Lease administration reporting refers to the process of collecting, analyzing, and presenting data related to leased properties or…
Read MoreStreamline Your Operations: Essential Features for Lease Admin
In the fast-paced world of commercial real estate, it’s beneficial to streamline your operations. Efficient lease administration and project management are critical for success. With a plethora of tasks to handle, relying on manual processes can be time-consuming, error-prone, and hinder overall productivity. Commercial real estate lease administration and project management software solutions offer a…
Read MoreCommercial Lease Administration: Uncovering the Hidden Costs
Commercial lease administration can be complex and confusing, with many hidden costs that can add up over time. It’s essential to thoroughly review lease agreements, consider all potential expenses, and communicate with landlords to identify costs that may arise. Hidden costs in lease administration refer to additional expenses or charges that may not be immediately…
Read More10 Tips For Implementing A New Lease Administration Software
Lease administration software, such as ManagePath, is commonly used to streamline and simplify processes, to save time and money. However, implementing a new lease administration system can be a complex and challenging task. Lease administration is a critical process for any organization that deals with leased assets, such as real estate, equipment, and vehicles. Real…
Read MoreThe Integrated Pulse of Lease Administration
Much like an integrated pulse in healthcare, lease administration software is a critical tool for integrating data. From managing lease agreements for businesses to providing features such as lease tracking, payment processing, and document storage. However, as companies grow and their portfolios expand, managing this information can become increasingly complex. Lease administration software integration is…
Read MoreASC 842: Keeping a Lease on the Balance Sheet
If you are not using lease administration software, managing your business’ financial documents can often be difficult to navigate. The GAAP (generally accepted accounting principles) rules and regulations implemented by the Financial Accounting Standards Board (FASB) and the U.S. Securities and Exchange Commission (SEC) are constantly evolving. One of the most tedious tasks is categorizing…
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