The Drawbacks Of Using Spreadsheets To Manage Your Leases
May 27

The Drawbacks Of Using Spreadsheets To Manage Your Leases

By Meredith Beasley | Lease Management

We often get asked about our competitors, and our answer usually surprises people. Sure, there are other players in the lease management software game that we compete with, but spreadsheets are truly the oldest and fiercest of the bunch.

There’s great value in utilizing spreadsheets. They’re affordable and accessible, there are thousands upon thousands of resources online to reference when you need help, and many people already possess a basic understanding of how to use them. Though there are many positives, there are also several drawbacks, especially when you manage a mid-size to large portfolio. So, let’s explore some of the drawbacks of using spreadsheets to manage your leases.

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Balancing Perspectives Rent Collection During COVID-19
May 22

Balancing Perspectives: Rent Collection During COVID-19

By Guy Gray | COVID-19

Tenants these days are experiencing uncertain times, whether they’re in the residential or commercial space. With limited funds and an uncertain future, it’s easy to dream up visions of landlords with an angel on one shoulder and a demon on the other—one side telling them to continue collecting rent like normal and the other encouraging them to give renters a break.

As we all know, there’s not an “evil” mindset behind every bill. Let’s take a look at commercial property rent collection from the perspective of tenants and landlords during the pandemic to find the right balance. (Plus, how much faith, if any, can we put in government lifelines?)

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Why a Post-COVID-19 World Presents Additional Marketing Opportunities for CRE Pros
May 19

Why a Post-COVID-19 World Presents Additional Marketing Opportunities for CRE Pros

By Guy Gray | COVID-19

Virtual tours, Zoom meetings, contact-less… nearly everything. It’s safe to say that 2020 has been an interesting year so far. Like many other industries, commercial real estate has been constantly evolving independent of the pandemic. This is especially true for CRE marketing.

For CRE pros willing to evolve with it, however, 2020 may actually prove to be a fruitful change in the market. Let’s take a look at why a post-COVID-19 world presents additional marketing opportunities for commercial real estate professionals.

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3 Reasons Why You Shouldn_t Use that Lease Abstract Template You Found Online
May 14

3 Reasons Why You Shouldn’t Use that Lease Abstract Template You Found Online

By Meredith Beasley | Lease Abstract Template

Lease abstracting is often seen as dreaded busy work that you want to get off your plate as fast as possible. Luckily, a quick Google search uncovers a mix of ready-made templates. But what seems like a handy time-saver today might leave you in a sticky situation tomorrow.

The lease abstract templates you find online are by no means bad or faulty. The problem is there isn’t a one-size-fits-all approach to abstracting. The templates you find online are the size that fits the person or organization that created them.  They may save you from having to create a template from scratch, but they don’t support the unique needs of your portfolio.

So, before you click the download button, let’s discuss the reasons you shouldn’t use the lease abstract template you found online.

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Why Lease Abstraction Services are Not a Replacement for Lease Management Software
May 06

Why Lease Abstraction Services are Not a Replacement for Lease Management Software

By Meredith Beasley | Lease Abstracting , Lease Management Software

On a daily basis, we often face situations that require a little bit of flexibility.  If I’m in a pinch and don’t have eggs when I’m baking, I can turn to unsweetened applesauce. The restaurant I’m dining at doesn’t have Coke? Sure, I’ll take a Pepsi. These replacements aren’t going to be exactly what I need or want, but they’re close enough and will get the job done.

Some things, however, aren’t interchangeable. A great example of this is lease abstracting services and lease management software. In this case, one shouldn’t replace the other. Software alone isn’t an effective solution. Services alone aren’t an effective solution. The two have to work together in order to create effective lease management.

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Need to Organize Your Leases
Apr 30

Need to Organize Your Leases But Don’t Know Where To Begin? Start Here.

By Meredith Beasley | Uncategorized

The sun is shining, the birds are chirping, and the flowers are blooming. You know what that means? Spring cleaning season is upon us! Pair that with the stay at home orders brought on by COVD-19 and you’ve got a recipe for total organization.

When it comes to tidying up and getting organized, everyone always starts with big plans. After reading all the DIY blogs, watching every episode of Tidying Up with Marie Kondo, and gathering your supplies,you’re ready to transform your space into a masterpiece. But wait, where do you even start? The kitchen cabinets? The garage? Your overstuffed closet? And just like that, you go from excited to overwhelmed.

You can spring clean more than just your house, but that overwhelming feeling can follow you wherever you go. This is the perfect time to get your leases organized, but just like your house, where do you even start? Keep reading to find out.

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How to Prepare Mentally and Financially for Getting into Commercial Real Estate Investing
Apr 27

How to Prepare Mentally and Financially for Getting into Commercial Real Estate Investing

By Guy Gray | Commercial Real Estate

Alexander Graham Bell, inventor of the telephone, once said, “Before anything else, preparation is the key to success.” It doesn’t matter if you’re in commercial real estate, professional sports or sandwich building—if you want to be successful, you have to prepare for it.

If you’re considering getting into commercial real estate investing, this goes without saying. Here are some ways to prepare for it mentally and financially.

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Short-Term vs. Long-Term Leases — A CRE Pro Perspective
Apr 21

Short-Term Vs. Long-Term Leases – a CRE Pro Perspective

By Guy Gray | Leases

In the minds of many commercial real estate professionals, the only ideal options for leases are long-term and… long-term. After all, who would want a short-term lease and all of the unpredictability that comes with it? Well, allow us to present a few reasons why both short-term and long-term leases are viable options to a commercial real estate professional.

Here’s a pros and cons look at the two, from the Tenant and Property Manager perspective.

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How Tenants Can Prepare Their Leases During Uncertain Times
Apr 16

How Tenants Can Prepare Their Leases During Uncertain Times

By Meredith Beasley | Lease Preparation

About a month ago, I was sitting at my desk in the office watching in shock as city officials announced the closure of the Houston Livestock Show and Rodeo due to the spread of the Coronavirus in the city and surrounding counties. The Rodeo is a big deal to us Houstonians. It’s a treasured tradition that brings the whole city together, creates thousands of jobs, stimulates the economy, and, most importantly, awards millions in scholarships each year. This announcement rocked the city, to say the least, and I honestly couldn’t believe it. I look back at myself during that time and can’t help but think, “You ain’t seen nothing yet.” 

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Online Resources for Commercial Real Estate Professionals Adjusting to the Coronavirus Pandemic
Apr 08

Online Resources for Commercial Real Estate Professionals Adjusting to the Coronavirus Pandemic

By Guy Gray | Coronavirus

It’s no secret that the coronavirus (or COVID-19, as it’s technically known) has had an impact on all of our lives. While we won’t pretend to be epidemiologists, we do understand the severity of the situation with many counties across the country issuing stay-at-home orders. COVID-19 has affected nearly every industry and commercial real estate is one of them.

To keep you informed on this ever-changing coronavirus pandemic, here is a list of resources for CRE pros to educate themselves on how to approach it.

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