All Posts by Guy Gray

About the Author

Guy Gray serves as Chief Operating Officer overseeing our technology and client services teams. He is responsible for guiding Quarem application development, networking and security, as well as new client implementations.

Lease Abstraction and Artificial Intelligence
Apr 16

Lease Abstraction and Artificial Intelligence

By Guy Gray | Artificial Intelligence , Lease Abstract

When someone mentions the letters “AI,” what comes to mind? Perhaps it’s a young robot boy who is programmed to love and looks like Haley Joel Osment. Or, maybe it’s a Turing test that involves a human being’s relationship with an intelligent humanoid robot, a la Ex Machina. The bioengineered androids of Blade Runner are also often associated with artificial intelligence.

Whatever your mind conjures up, it’s likely not the 1s and 0s of software that you use on a daily basis. But, the truth is, most of the AI we deal with is just that: software. In terms of the commercial real estate world and lease abstracts, AI can be extremely beneficial for organization and efficiency. Let’s take a look at how the artificial intelligence you’ll find in CRE automation software isn’t too far removed from the friendly “AI” robots you see in the movies.

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Why Quarem is Your Tenant Experience Software Solution
Apr 12

Why Quarem is Your Tenant Experience Software Solution

By Guy Gray | Tenant Experience

There’s an app for everything these days. From tracking rewards points and sleep patterns to controlling household appliances and even using a pirate voice to keep track of where you parked your car, it seems like there isn’t an everyday task you can’t accomplish without the aid of technology.

How did we get here? Why do we need so many apps? Put simply, it’s because we want better experiences. But this shouldn’t be limited to just leisure time.

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Landlord Legal Mistakes and How to Avoid Them
Apr 09

Landlord Legal Mistakes and How to Avoid Them

By Guy Gray | Landlord

There’s an old saying that goes, “one stupid mistake can change everything.” It’s simple, but true — especially if that mistake involves breaking the law. As a landlord, you have to be on top of everything, from occupancy costs and marketing efforts to legal loopholes and mistakes. If you don’t, it can cause a setback for your business (at best) or put you at risk for closure (at worst).

From improper building and property safety to not abiding by the contract, let’s look at common landlord legal mistakes and some proactive steps to avoiding them.

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Quarem's Commercial Real Estate Software - Great for All Industries
Apr 03

Quarem’s Commercial Real Estate Software – Great for All Industries?

By Guy Gray | CRE Software

Disney’s reboot of the movie Dumbo recently hit theaters, bringing with it nostalgic feelings of circus animals, high wire acts and larger-than-life characters. In many ways, commercial real estate professionals have to perform a balancing act of their own when it comes to managing their book of many different industries.

From hospitality venues to medical properties, CRE pros need a software solution that works for all of their properties. Quarem is just that.

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Is Going Paperless in CRE Even an Option
Mar 28

Is Going Paperless in CRE Even an Option?

By Guy Gray | Commerical Real Estate

Evolution is an important part of moving forward and achieving success in any industry. Going paperless is just one of the ways that forward-thinking companies are embracing change –think financial institutions, doctor offices, or retail. However, in the commercial real estate space, is going paperless a positive change? Is it even possible?

To really put it all in perspective, let’s start with just a few of the ways that the real estate transaction currently hinges on paper.

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Examining True Occupancy Cost_ Questions to Ask
Mar 19

Examining True Occupancy Cost: 2 Questions to Ask

By Guy Gray | True Occupancy Cost

Beyond the obvious occupancy break-even rate, or a building’s vacancy rate and basic rent metrics, there are several other factors that affect your true occupancy cost, including Common Area Maintenance (otherwise known as CAM) and other hidden building fees.

To explore this further, let’s take a closer look at the true occupancy costs that you should consider. Here’s what you should know so that you can fully understand true occupancy cost.

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Commercial Real Estate vs. Residential Investing
Mar 13

Commercial Real Estate vs. Residential Investing

By Guy Gray | Commercial Real Estate Investing

When comparing things, apples and oranges come to mind for most people. But what happens when the two things you’re comparing are a bit more similar than these two fruit? Take real estate, for instance. What are the differences between commercial real estate and residential investing? When it comes down to it, these two are more like nectarines and oranges, but if you take a closer look, you’ll see they have their differences.

From potential transaction size to financing nuances, let’s review how CRE investing compares to residential investing:

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Franchise vs. Chain - Any Effect on Commercial Real Estate Professionals
Mar 08

Franchise vs. Chain – Any Effect on Commercial Real Estate Professionals?

By Guy Gray | CRE Professional

If there’s one thing property managers don’t take for granted these days, it’s a good tenant. They might as well be sitting at the end of a rainbow, because commercial real estate professionals treasure them. Bad tenants, on the other hand, can be a major headache and cause tremendous damage to your portfolio’s future prospects.

The tenant’s actual business model is one huge factor as to whether they will be a “good” tenant or not. Is it sound? Does it have a long-term outlook in place? Whether the tenant’s business is sustainable or not can dictate whether they’ll be able to pay their rent for the duration of their lease. It’s on you as the CRE pro to decide whether you trust the sustainability of that business’ model enough to give them a space.

This is particularly true when it comes to deciding on franchise vs. chain models. Does either have any effect on property managers and other commercial real estate professionals? Let’s take a look.

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Can Quarem's CRE Software Help Reduce the Number of Days a Property Sits Vacant
Mar 04

Can Quarem’s CRE Software Help Reduce the Number of Days a Property Sits Vacant?

By Guy Gray | CRE Software

It’s been nagging at you day and night. You can’t sleep. You can’t eat. The sun isn’t shining quite as bright and coffee doesn’t even taste as good. You just want this waiting period to end. When will it end? When will it end???

While a bit exaggerated, every commercial real estate professional goes through something like this when one of his or her properties is sitting vacant. After all, every day the property sits vacant is another day money goes down the drain. Isn’t there a way to keep this from happening? While it may not completely eliminate all the days your property sits vacant, commercial real estate software like Quarem can help reduce them.

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Hiring a Lease Administrator vs. Adopting Lease Administration Software
Feb 26

Hiring a Lease Administrator vs. Adopting Lease Administration Software

By Guy Gray | Lease Administration Software

There’s a popular meme out there with a picture of a man, a wall and a bunch of ladders. The man, who is peering over a wall he obviously wants to climb, is standing on the pile of ladders instead of using them correctly. The caption? “It doesn’t matter how many resources you have… if you don’t know how to use them, it will never be enough.”

Large operations run the risk of doing the same thing when it comes to lease administration. Just because you can add to your workforce, does that mean you should? Specifically, is it more beneficial to hire dedicated lease administration help or add lease administration software to your workflow? Does the best answer fall somewhere in the middle?

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