All Posts by John Rice

About the Author

John Rice is an industry visionary and early pioneer in designing cloud-based applications for commercial real estate operations. He is the founder of Quarem and has served as president since its inception in 2000.

Oct 20

CoreNet Global Summit 2016: CRE Technology, Innovation & the Future

By John Rice | CoreNet

It’s Wednesday, October 19, 2016 and I’m sitting on a plane returning home to Houston from Philadelphia where the 2016 CoreNet Global summit was just held. I attend and speak at quite a few CRE focused conferences every year and without doubt some of the best programming is consistently produced by CoreNet.  The reason I even mention that I’m on a plane is to evidence the level of energy and excitement I get from this conference; I should be watching a movie like the guy next to me. Every CRE executive, broker, property/facility manager in the country should expand their knowledge and exposure by attending.  And no, I’m not on the CoreNet payroll.

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Aug 31

Has CRE Technology made us better?

By John Rice | CRE Technology , Lease Administration

A look at how CRE tech has impacted our knowledge, skills and market.

Ever wonder who would win the game if the best sports team today played the best team of 20 years ago? I mean with all the innovation in fitness, training, nutrition, and equipment certainly our athletes today would dominate their predecessors, right? Was it just Hollywood romanticism that enabled Rocky to defeat Ivan Drago or Will Smith to defeat the aliens?

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Aug 18

Do I really need Lease Administration software?

By John Rice | CRE Software , CRE Technology , Lease Administration

A real-world look at the basics of CRE property and lease administration:

The direct and short answer is if you don’t already have a Lease Administration system in place, then no you don’t. Obviously life has gone on and operations are humming along without one. But if you have ten or more leases, then yes, you should have a Lease Administration system.

But before we dive into the “whys”, let’s look at this topic through the lens of mission critical.  When does Lease Administration software become mission critical? After 20 years of performing this role and designing applications to manage leases, here is my breakdown:

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Aug 11

Commercial Real Estate Tech firms | why aren’t they growing faster?

By John Rice | Commerical Real Estate , CRE Technology

I just read an interesting article posted on Twitter written by Konrad Putzier (CRE Tech: A Promise Unfulfilled) published by The Real Deal, New York Real Estate News. The article covers the surge in CRE-related tech startups over the last decade and how most have failed to live up to the valuations and market dominance that was expected.  It’s a concise and provocative piece. It can be found here:

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Jul 20

Do You Remember Peter Pike and his biweekly email blogs?

By John Rice | CRE Technology

If you were in the commercial real estate business in the 90s, chances are you were receiving his emails. His no-nonsense commentary about the CRE industry often focused on technology at a time when the tech world was barely noticing the stodgy, sticks and bricks business. Peter had no problem taking on topics that were controversial and at times down right insulting to some of the most powerful CRE organizations. He challenged the status-quo with provocative questions about our processes, our good ol’ boy networks and our resistance to investing in technologies to improve our capabilities and services.

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Jul 13

Do Mentors make a difference? You bet! An overdue tribute to a great mentor

By John Rice | Mentors

Mentor blog post picLately I’ve been reading and hearing a lot about mentors and the tremendous impact they’ve had on most of today’s business leaders. I’m happy to see people vocalizing just how important having a great mentor can be in shaping our professional and personal lives. I have been blessed with the wisdom of many mentors throughout my life and that continues today. However, with the exception of my wonderful grandfather, there is one person who stands out as the most influential force in my early life. I still reflect on how truly blessed I am to have worked for and with a man who I still consider to be one of the best human beings I have ever met. So, I thought this week I’d document some of the prophetic and occasionally funny things my mentor taught me.

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Jul 06

Realcomm 2016: Robots, Cybersecurity & CRE Tech Trends

By John Rice | Commerical Real Estate , CRE Technology , RealComm

I recently attended the annual Realcomm/IBcon conference in Silicon Valley. For those not familiar with Realcomm, it has been and continues to be one of the best commercial real estate technology conferences in the country. The conference is held annually and showcases the most current technologies, trends and thought-leaders in our industry. This year was no disappointment.

Here are a few of my observations and takeaways from the conference:

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Jun 15

Technology Starter Kit for Mid-Sized Companies, Part Three

By John Rice | CRE Technology

In the past two blog posts, we’ve discussed many of the elements mid-sized companies should consider to transition from manual and in-house processes to CRE automation to manage their real estate holdings. The company leadership has identified the need for it, the time is right for it to be deployed in the near future, and they have consulted with others in the industry to discover various options and processes to make this transition happen.

Now it comes to the technology itself – what is the best “starter kit” of tools and applications for a company ready to manage its CRE like a strategic asset rather than a necessary expense? As mentioned, there is no consensus, and rightfully so, as there are just too many operational processes that are unique to individual companies. However, there is a basic process we use to identify areas of improvement and to serve as the foundation for advancement. We call it OCA (organize, control, analyze).

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