A Look at CRE Software Reporting Distilled Down to ProfitLoss (PL) (1)
Aug 04

A Look at CRE Software Reporting Distilled Down to P/L

By Guy Gray | CRE Reporting

Distillation is the process of separating the components from a larger mixture. Distilling is used in alcohol, water, oil and other liquid mixtures. Humans have been using distilling since 3000 BC. But did you know that commercial real estate professionals do their own form of distilling?

It comes in the form of profit and loss. Separating those numbers from the rest is a difficult task on your own, but commercial real estate software makes it easier. From lease administration and accounting to property and asset management, CRE software can arm you with all of the in-depth details you need to properly evaluate your P/L.

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What Effect Could COVID-19 Have on Private Equity Real Estate
Jul 29

What Effect Could COVID-19 Have on Private Equity Real Estate

By Guy Gray | COVID-19

COVID-19 has impacted every area of both our professional and personal lives. It doesn’t matter what industry you’re in, what area of your industry you specialize in and what your role is in your company. Everyone has been affected.

That being said, some industry sub-sectors have felt tremors more than others. While there are a variety of these sectors in commercial real estate, today we’ll be taking a speculative look at the potential effect of COVID-19 on private equity real estate (PERE) in particular.

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Behavioral Changes in Commercial Real Estate Professionals
Jul 24

Behavioral Changes in Commercial Real Estate Professionals and the Growing Need for Notifications

By Guy Gray | Critical Date Management

Sometimes lost in the lightning-fast evolution of the digital revolution is the fact that we’ve had resulting behavioral changes that affect our personal and professional lives. We receive push notifications and reminders for the most minute and mundane aspects within our personal lives, so it’s no mystery as to why we have built a reliance on technology to keep us on track.

You lean on technology to remember birthdays in your personal network, so it’s easy to understand the value of critical date notifications that have far higher consequences when you forget them. Let’s dive deeper into why there is a growing need for notifications and how commercial real estate software can help.

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Projections and Commercial Real Estate Software Amidst an Evolving Landscape
Jul 21

Projections and Commercial Real Estate Software Amidst an Evolving Landscape

By Guy Gray | CRE Software

Wouldn’t it be nice if crystal balls actually worked? We could pick the winner of the World Series each year, predict when there is bad traffic on the way home from work and prepare for any worldwide pandemics that are on the horizon.

For CRE tenants, projections with commercial real estate software are the next-best thing.

As the future of the traditional office is under question due to uncertainty brought on by the Coronavirus, professionals that manage leases are relying on the data to forecast and make decisions.

Here’s how CRE software can act as your crystal ball—even during uncertain times.

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Why Quarem Was Ahead of the Curve on the Recent Contact-Free Developments
Jul 16

Why Quarem Was Ahead of the Curve on the Recent Contact-Free Developments

By Meredith Beasley | Pandemic

For many of us, making the adjustment to remote work from home was something we never expected to do. In the wake of it all, we found ourselves scrambling both in and out of the office. Did I grab everything from my desk? How should I get set up at home? What the heck is Zoom and why do my coworkers need to see me working from home in my pajamas?

There were so many big changes occurring at once. On top of everything else, commercial tenants now had to address the issue of rent relief, which came with its own set of questions. If you found yourself struggling to remember the basics, like your landlord’s name, you aren’t alone. Rent relief is time sensitive so knowing the who, what, when, where, and why of all your leases is critical. Unfortunately, many people discovered they weren’t prepared just as the clock was ticking.

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3 Types of Projects You Can Easily Manage With Quarem
Jul 07

3 Types of Projects You Can Easily Manage With Quarem

By Meredith Beasley | Project Management

Every CRE pro has a to-do list that’s a mile long. Its pages are filled with tasks that are all part of a grand plan of action that leads to a big picture project. Meetings, phone calls, paperwork, and emails result in new deals, renewed leases, improved spaces, and so much more.

No matter what role you play, be it tenant, broker, developer, or landlord, you’re sure to be juggling several complex projects at once. So how do you get from start to finish while keeping everything in sync? Project & task management tools!

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The Different Facets of Lease Administration Services
Jun 11

The Different Facets of Lease Administration Services

By Guy Gray | Lease Administration Services

Umbrellas are great. They block the sun, rain and unwanted onlookers from invading our privacy. But these folding canopies are more than just the fabric that sits atop them—they have many moving parts. From the stretchers and top notch to the handle and bottom spring, each component in an umbrella is crucial for its successful operation.

Lease administration is the same way. There are several different services that fall under the umbrella term of “lease administration,” but each is important. Let’s take a look at the different facets of lease administration services and how lease administration software can help.

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Avoiding Analysis Paralysis with CRE Reporting Software
Jun 05

Avoiding Analysis Paralysis with CRE Reporting Software

By Guy Gray | CRE Reporting

One of the most popular of “Aesop’s Fables” is about a fox and a cat. In this tale, a cat and fox discuss their tricks for avoiding capture. The cat only has one, while the fox has several. When hunters arrive on the scene, the cat quickly escapes up a tree while the fox is caught because he takes too long thinking about the different courses of action he can take.

This fable is a commentary on “analysis paralysis.” It shows the benefits of finding a balance between speed, resourcefulness and strategy when making important decisions. As it applies to commercial real estate, overthinking can be your enemy. Fortunately, you can avoid analysis paralysis with CRE reporting software.

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What Effect Will Autonomous Cars Have on Traditional Signage for CRE Pros
Jun 02

What Effect Will Autonomous Cars Have on Traditional Signage for CRE Pros?

By Guy Gray | Autonomous Cars

Autonomous cars are a hot topic these days. While we have no truly autonomous cars (i.e. cars that let you operate them sans steering wheel and pedals) at this time, we have seen rapid development toward wide adoption of cars that will pilot themselves. In fact, some brands like Volvo have announced plans to start selling self-driving cars to the public by 2022.

As this technology-filled future becomes a reality, what effect should we expect it to have on traditional signage? Will people be more connected to their surroundings since they don’t have to have eyes in front of them or will we see people disconnect entirely? (Perhaps a little bit of both?) Let’s take a look.

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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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