Quarem Blog - Quarem

Mar 25

A Problem and Solution Look at Lease Administration Software

By Meredith Beasley | Lease Administration Software

All great products offer an effective solution to a problem.Trying to have fun at an outdoor event but your drink keeps getting warm? Graba koozie! Want to snap a group selfie but your arms aren’t long enough? Connect your phone to a selfie stick!

Effective solutions improve processes, save time &money, and even reduce risk in certain situations. Good lease administration solutions are no different.

Lease administration software might not capture the world’s best selfie, or keep your beverage icy cold, but it can transform your lease management strategy in a way that improves your processes, protects your resources, and helps you make better decisions.

So, let’s take a problem and solution look at lease administration software.

Mar 19

Real Estate Portfolio Management and Your FF&E Assets

By Guy Gray | FF&E Assets

“The whole is greater than the sum of its parts.”

Aristotle’s famous quote is a lesson on synergy. Simply put, a single thing is made up of several parts and it’s useful or important because those parts come together. The individual parts may be slightly useful on their own but connecting them in a certain way produces more value. There are many examples of this in our lives. The words you’re reading right now are formed by individual letters combining to produce a word that has meaning. A brainstorming session is made more valuable if several minds come together to produce a great idea.

Mar 16

Organize. Control. Simplify. A Look at Three Key Benefits of Quarem’s CRE Software

By Meredith Beasley | CRE Software

At some point in our lives we’ve all been asked, “Tell me a little bit about yourself.” Without fail, your brain freezes up and you can’t formulate an answer. Why is that question so hard to answer? Usually, it’s because there’s too much to say and we don’t know where to start.

Brands encounter that same question. While individuals might answer with a carefully crafted elevator pitch, brands answer with a succinct tagline or slogan that, among many things, highlights value and distinguishes the brand from others.

Mar 11

The Most Common Benefits of Lease Management Software, As Told By Online Reviewers

By Guy Gray | Lease Management Software

When you’re considering technological solutions to a problem, sometimes you want to hear from customers that actually use the product instead of the companies pitching it. In honor of this, we scoured the Internet for reviews for “lease management software.”

Lease management software is becoming more and more popular among CRE professionals. After analyzing users’ reviews of the various lease management software platforms out there, we compiled a list of the most common benefits these platforms provide.

This is what people had to say:

Mar 06

ASC 842: The New Compliance Deadline for Private Companies and How You Can Prepare

By Meredith Beasley | ASC 842

In mid-October of 2019, the Financial Accounting Standards Board (FASB) approved the August 2019 proposal to delay the effective dates of some of its major accounting standards. Included on the list was the ASC 842 lease accounting compliance date for privately help companies with domestic leases. Moving forward, these companies have until January 1, 2021 to meet the compliance standard.

Mar 03

February CRE Content Roundup

By Meredith Beasley | Monthly Roundups

February feels like it flew by, but not to worry! We made sure to keep track of the best of the month. In this month’s roundup, we take a trip around the U.S. to the 50 best cities for new business growth, make a pit stop in the Caribbean to learn about the future of famous Caneel Bay Resort, share the link to one of the best surveys in the industry, learn how to effectively ask for help, and take a quick look at the economic impact new commercial real estate projects will have in 2020.

Feb 27

5 Commercial Real Estate YouTube Channels You Should Subscribe To

By Guy Gray | YouTube Channels

Contrary to popular belief, YouTube isn’t just a place to watch cat videos and other lighthearted content. In fact, YouTube is the second-most-popular search engine on the Internet and its videos reflect the diverse nature of its searches. Yes, commercial real estate is alive and well on YouTube and it’s time you noticed.

We’ve covered the top forums, Twitter hashtags and podcasts for commercial real estate professionals in the past. Now, we want to share the top CRE YouTube channels you should tap into to stay current on the CRE industry.

Feb 21

The Critical Dates You Should Be Tracking With Lease Management Software

By Meredith Beasley | Critical Date Management

Have you ever had that dreaded feeling of “Am I forgetting something?” You feel a little off, so you run through a mental checklist and then reflect on the past few days and the days to come. Then it hits you. Your stomach drops. Everything turns to slow motion. You completely and totally forgot about a critical date. Panic sets in and your mind goes into hyper speed.

Be it birthdays, meetings, or even your keys, we’ve all experienced the aftermath of forgetting something important. Hey, at the end of the day we’re human and mistakes happen. The aftershocks that come with missing something, however, can often lead to a whole lot of mess.

Missing a critical date in your commercial lease can open up a can of worms that leads to loss of time, resources, and money. So, prep we must! But which dates exactly should you be tracking? And what’s the most efficient way to ensure you’re always aware of upcoming dates? Keep reading to find out!

Feb 18

Accounting for Leasehold Improvement with Commercial Real Estate Software

By Guy Gray | Leasehold Improvement

If there’s one thing the military world and the commercial real estate world have in common, it’s a love for acronyms. MREs. DTIs. ROTC. RTOs. What do all of these mean? The outside world may never know (and some on the inside might not either).

But just as they are with the military, some acronyms in commercial real estate are more important than others. Today, we’ll be covering one you may not have thought about enough: leasehold improvements (LHI). LHIs must be top of mind during initial lease negotiations. Let’s take a closer look at this, as well as how CRE software can protect you from LHI pitfalls.

Feb 13

Get More Value Out of Your Lease Management Software RFP With These Questions

By Meredith Beasley | Lease Management Software

One of my favorite TV shows is The Office. If you watch it religiously like me, you know the Dunder Mifflin Scranton branch is famous for their time-wasting antics, including pointless meetings, awkward birthday or holiday celebrations, and even murder mystery games that take up the entire day. These hilarious, and sometimes cringeworthy, situations are the heart of the show and the reason why it’s so relatable. We’ve all encountered instances that seem to lack the “time is money” attitude and they can leave us feeling quite frustrated

When looking for the right lease management software vendor, an RFP is a great way to ensure that you’re using your time efficiently. In a nutshell, the RFP process helps you highlight your needs and expectations so that you can easily identify the right option for you. Thus, it’s important to ask effective questions that add the most value to your search.

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