Oh Rats! A Look at How Property Management Software Can Help with Pest Control (1)
Sep 19

Oh Rats! A Look at How Property Management Software Can Help with Pest Control

By Guy Gray | Pest Control

Aside from Willard, a fictional young man who had an unusual connection with rats, most of us don’t like thinking about pest control, let alone having conversations about it. Unfortunately, pest control is a reality for all forms of property management, including commercial real estate. 

From cockroaches and ants to rats, bats and more, property managers have to deal with a wide variety of unwanted pests. How is this even possible when there are so many other tasks property managers need to complete? The key lies in this truth: pest control needs to be preventative, not reactive. It needs to be top-of-mind for a commercial real estate professional to save money and protect your reputation in the long run.

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7 Tips to Lower Your Commercial Property Insurance Premium
Sep 10

7 Tips to Lower Your Commercial Property Insurance Premium

By Guy Gray | Insurance

While certain animated geckos would like you to believe that you can save money on car insurance with a simple phone call, changing car insurance companies can be a tremendous hassle. Instead, most of us would rather try out practical options for cutting costs on auto insurance. For example, did you know a dashcam can reduce your car insurance rates? Most don’t unless they’re an Uber driver. 

Commercial property insurance is the same way. There are several ways to reduce your business insurance premiums, but many commercial real estate professionals aren’t aware of them. To help you out, let’s take a look at seven of them.

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Urban vs Suburban Commercial Real Estate Investment
Sep 05

Urban vs. Suburban Commercial Real Estate Investment – What’s Best for You?

By Guy Gray | Commercial Real Estate Investing

One of the beautiful aspects of commercial real estate investing is its diversity. Urban, suburban, rural… you have plenty of options in the route you want to take. A popular debate CRE pros have with each other, however, is whether urban or suburban is a smarter play. 

This is a bit of a seesaw argument here driven by fluctuations in generational factors, costs and consumer habits. There is not a right or wrong answer. That being said, let’s take a look at the pros and cons for each to allow CRE investors to further make educated decisions on investing in urban or suburban areas.

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4 Types of Amenities CRE Pros Can Start Offering Tenants
Sep 02

4 Types of Amenities CRE Pros Can Start Offering Tenants

By Guy Gray | CRE Tenant , Tenant Experience

Attracting new tenants and retaining current ones are at the top of the priority list for many commercial real estate professionals. It doesn’t matter if it’s an office building or retail space—your tenants are your lifeblood. They should be treated as such.

A big potential issue, however, is that CRE spaces often have lots of competition. So it’s no surprise that tenants relocate fairly often. According to Priceonomics, 44 percent of mid-sized companies moved at least two times in the past decade (with 23 percent moving three times or more).

So, what types of amenities can CRE pros start offering tenants to keep them from moving on? Here are four ideas to consider:

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Top 5 Types of Shopping Malls Excelling Into 2020
Aug 28

Top 5 Types of Shopping Malls Excelling Into 2020

By Guy Gray | Shopping Malls

Netflix’s hit television show Stranger Things is stirring up nostalgia in all who watch it—especially those who grew up in the 1980s. The latest season of the show, which is set in 1985 and was released earlier this summer, centers around the fictional Starcourt Mall and is full of familiar sights: neon signs, department stores, a food court and lots of teenagers. While the mall used in the show is a dead mall in real life, it begs the question for commercial real estate professionals: are malls a sound investment?

The truth is, malls aren’t dead; they’re just evolving. 

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Commercial Property Insurance and Your CRE Software Solution - Copy
Jul 24

Commercial Property Insurance and Your CRE Software Solution

By Guy Gray | Insurance

Commercial real estate professionals can have trouble sleeping for a variety of reasons. Whether it’s because they missed an important showing with a high-value prospect the day before or they’re worried about accidentally deleting or losing all documents related to a property, there are plenty of things that keep CRE pros up at night.

Commercial property insurance is one of them.

In fact, insurance can be a management nightmare that grows with a CRE pro’s portfolio. The good news is that streamlining this process can help a CRE pro get back to doing what they love. Let’s take a look at commercial property insurance and how CRE software can help reduce management time and errors.

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Commercial Real Estate Portfolio Management Software - An Investor's Perspective
Jul 19

Commercial Real Estate Portfolio Management Software – An Investor’s Perspective

By Guy Gray | Commercial Property Management Software

One search for “commercial real estate portfolio manager” will tell you all you need to know about how hands-on and time-consuming managing a CRE portfolio can be. There are dozens of listings from a variety of companies (both large and small) in a multitude of industries.

If something like commercial real estate portfolio management requires a full-time position for someone to do it successfully, why would you try to do it yourself as an investor? What if there was an alternative to hiring or DIY? Commercial real estate portfolio management software is a fantastic alternative to both of these options. Let’s take a look at this solution from an investor’s perspective.

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Commercial Property Management Software - Your Answer to Work-Life Balance
Jul 16

Commercial Property Management Software – Your Answer to Work-Life Balance

By Guy Gray | Commercial Property Management Software

Work-life balance is a problem for many Americans. According to the Organisation for Economic Co-operation and Development (OECD), the United States ranked 30 out of 38 countries analyzed when it comes to healthy work-life balance. The OECD found that about 1 in every 10 Americans work “very long hours” and the average worker dedicated only 14.4 hours to personal care and leisure.

Commercial real estate professionals might dedicate even less. After all, pulling a property manager away from his or her duties can be a difficult task. If said CRE pro knew that many of these duties could be handled by a commercial property management software solution, however, it might be a different story.

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Forecasting with Quarem's Commercial Real Estate Software
Jul 09

Forecasting with Quarem’s Commercial Real Estate Software

By Guy Gray | Forecasting

Mother Nature is unpredictable. It seems like professional meteorologists don’t even know what is going to happen half the time. They say it’s going to be a torrential downpour in the evening and there aren’t even a few drops on the ground. They say it’s going to be sunny for your weekend softball game and it ends up raining cats and dogs. It can be difficult to see the point of a forecast, sometimes.

Commercial real estate is the same way. Forecasting the future of your CRE portfolio may seem as reliable as forecasting the weather. However, this is only the case if you’re still using old-school methods to manage it. CRE software like Quarem, on the other hand, gives you an accurate overview of your entire portfolio of leased and owned space that allows you to performance leverage historical data so you can better project future performance. Let’s show you how.

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Marketing Tips for Property Managers to Help Fill Vacancies Faster
Jul 03

Marketing Tips for Property Managers to Help Fill Vacancies Faster

By Guy Gray | Marketing Tips , Vacancies

If there’s one thing property managers don’t like to hear, it’s the word vacancies. It’s the cause for many sleepless nights spent analyzing, which leads to extra cups of coffee. It can mean an overall increased feeling of irritability, or stress. It’s a downright scary word in the commercial real estate world. 

Nothing affects cash flow and a property manager’s bottom line more than vacancies. Fortunately, nothing can help fill vacancies quite like smart preparation and marketing. So, what are some marketing tips to help you fill these vacancies? Let’s take a look at five of them.

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