How Reactive Should Commercial Real Estate Professionals be to the News and Current Events
May 02

How Reactive Should Commercial Real Estate Professionals be to the News and Current Events?

By Guy Gray | CRE Professionals

For all types of investors, October 17, 1987 is a day that will live in infamy. “Black Monday,” as it’s more commonly referred to, was a day when stock markets across the world crashed. The Dow Jones Industrial Average dropped by 22 percent. The real estate market crashed as well, but not as a direct result of the DJIA drop. Rather, the CBRE said it was due to a mistaken policy response (i.e. an overreaction) to the news of the drop.

As a commercial real estate professional, are you guilty of the same thing when it comes to news and current events? The top CRE pros have their ear to the ground, of course, and stay privy to current events and trends. That’s smart. However, to what degree does this make them reactive instead of proactive, if any? And what are some drawbacks of being over reactive to current events? Let’s find out.

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5 Lessons CRE Professionals Learn from Not Using Property Management Software
Apr 29

5 Lessons CRE Professionals Learn from Not Using Property Management Software

By Guy Gray | Property Management Software

There’s an old Chinese proverb that says, “give a man a fish, and you feed him for a day. Teach a man to fish, and you feed him for a lifetime.” You’ve likely heard this saying before, but have you really thought about it as it applies to your job as a property manager?

If you’re cutting corners here and there to save time and money, you’re basically giving yourself a fish. If you’re adopting a way to permanently improve your efficiency and save tremendous amounts of time and money long-term, on the other hand, then you’re really learning how to fish.

Here are five other lessons that might help you see the value of using property management software:

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Improve Your Tenant Experience with Property Management Software
Apr 24

Improve Your Tenant Experience with Property Management Software

By Guy Gray | Property Management Software , Tenant Experience

If you’re familiar with the media franchise Pokémon, you know it revolves around the concept of capturing as many fictional creatures as you can — and retaining the best ones. In many ways, property management is the same way (though admittedly with less battling and evolution). Only instead of fictional creatures, we’re talking about real-life tenants.

A CRE professional’s success is directly tied to his or her tenants. Obtaining tenants and retaining tenants are both keys to a flourishing portfolio. To help with both, let’s take a look at five realistic scenarios where tenant experience can be improved by property management software:

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Lease Abstraction and Artificial Intelligence
Apr 16

Lease Abstraction and Artificial Intelligence

By Guy Gray | Artificial Intelligence , Lease Abstract

When someone mentions the letters “AI,” what comes to mind? Perhaps it’s a young robot boy who is programmed to love and looks like Haley Joel Osment. Or, maybe it’s a Turing test that involves a human being’s relationship with an intelligent humanoid robot, a la Ex Machina. The bioengineered androids of Blade Runner are also often associated with artificial intelligence.

Whatever your mind conjures up, it’s likely not the 1s and 0s of software that you use on a daily basis. But, the truth is, most of the AI we deal with is just that: software. In terms of the commercial real estate world and lease abstracts, AI can be extremely beneficial for organization and efficiency. Let’s take a look at how the artificial intelligence you’ll find in CRE automation software isn’t too far removed from the friendly “AI” robots you see in the movies.

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Why Quarem is Your Tenant Experience Software Solution
Apr 12

Why Quarem is Your Tenant Experience Software Solution

By Guy Gray | Tenant Experience

There’s an app for everything these days. From tracking rewards points and sleep patterns to controlling household appliances and even using a pirate voice to keep track of where you parked your car, it seems like there isn’t an everyday task you can’t accomplish without the aid of technology.

How did we get here? Why do we need so many apps? Put simply, it’s because we want better experiences. But this shouldn’t be limited to just leisure time.

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Landlord Legal Mistakes and How to Avoid Them
Apr 09

Landlord Legal Mistakes and How to Avoid Them

By Guy Gray | Landlord

There’s an old saying that goes, “one stupid mistake can change everything.” It’s simple, but true — especially if that mistake involves breaking the law. As a landlord, you have to be on top of everything, from occupancy costs and marketing efforts to legal loopholes and mistakes. If you don’t, it can cause a setback for your business (at best) or put you at risk for closure (at worst).

From improper building and property safety to not abiding by the contract, let’s look at common landlord legal mistakes and some proactive steps to avoiding them.

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Quarem's Commercial Real Estate Software - Great for All Industries
Apr 03

Quarem’s Commercial Real Estate Software – Great for All Industries?

By Guy Gray | CRE Software

Disney’s reboot of the movie Dumbo recently hit theaters, bringing with it nostalgic feelings of circus animals, high wire acts and larger-than-life characters. In many ways, commercial real estate professionals have to perform a balancing act of their own when it comes to managing their book of many different industries.

From hospitality venues to medical properties, CRE pros need a software solution that works for all of their properties. Quarem is just that.

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Is Going Paperless in CRE Even an Option
Mar 28

Is Going Paperless in CRE Even an Option?

By Guy Gray | Commerical Real Estate

Evolution is an important part of moving forward and achieving success in any industry. Going paperless is just one of the ways that forward-thinking companies are embracing change –think financial institutions, doctor offices, or retail. However, in the commercial real estate space, is going paperless a positive change? Is it even possible?

To really put it all in perspective, let’s start with just a few of the ways that the real estate transaction currently hinges on paper.

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Examining True Occupancy Cost_ Questions to Ask
Mar 19

Examining True Occupancy Cost: 2 Questions to Ask

By Guy Gray | True Occupancy Cost

Beyond the obvious occupancy break-even rate, or a building’s vacancy rate and basic rent metrics, there are several other factors that affect your true occupancy cost, including Common Area Maintenance (otherwise known as CAM) and other hidden building fees.

To explore this further, let’s take a closer look at the true occupancy costs that you should consider. Here’s what you should know so that you can fully understand true occupancy cost.

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Commercial Real Estate vs. Residential Investing
Mar 13

Commercial Real Estate vs. Residential Investing

By Guy Gray | Commercial Real Estate Investing

When comparing things, apples and oranges come to mind for most people. But what happens when the two things you’re comparing are a bit more similar than these two fruit? Take real estate, for instance. What are the differences between commercial real estate and residential investing? When it comes down to it, these two are more like nectarines and oranges, but if you take a closer look, you’ll see they have their differences.

From potential transaction size to financing nuances, let’s review how CRE investing compares to residential investing:

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