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 – part one and part two, 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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Jun 08

Technology Starter Kit for Mid-Sized Companies, Part Two

By John Rice | Commerical Real Estate , CRE Technology

In the previous blog post, we identified company profiles and defined issues that best represent when it’s the right time for a mid-sized company to automate CRE workflow to manage their real estate portfolios, and how with all of the technologies in the industry, what works for one company may not work best for another. Transitioning into this new technological world impacts each company differently, and it’s essential for leadership to carefully determine what technology will best match their current and future strategies.

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Jun 03

Technology Starter Kit for Mid-Sized Companies, Part One

By John Rice | Commerical Real Estate , CRE Technology

We in the CRE industry tend to focus on the larger, pioneering corporate organizations who are embracing technology to improve CRE processes and integrating it into the framework of their global enterprise decision-making. But what about the mid-sized companies who desperately need improvement and are ready to take the step to the next level, but don’t have the infrastructure, budget, or dedicated resources to mirror the big companies? Is there a middle-ground or manageable starting point of tech essentials that deliver real, measurable improvement while at the same time sets the stage for future technologies as they become necessary?

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May 24

Getting Organized – Why is it Such a Challenge?

By John Rice | Commerical Real Estate

Practically from birth, I was creating messes and avoiding cleaning them. My room was a perpetual disaster, and my mother would hound me weekly to clean my room, pick up my clothes, and organize my closet. I would argue, quite convincingly, that I didn’t need my room cleaned because I was already organized. I knew where everything was and believe it or not, I had a system.

Now I certainly can’t speak for everyone, but I’d bet money that most of us out there can relate to these scenarios in one way or another.  Notice the two key words: Organize and System. Even from a very early age we are all in one way or another organizing and developing a system to manage our “stuff”. Some systems are better than others only through the eyes of the opposition.

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