Category Archives for "Lease Abstracting"

Why Lease Abstraction Services are Not a Replacement for Lease Management Software
May 06

Why Lease Abstraction Services are Not a Replacement for Lease Management Software

By Meredith Beasley | Lease Abstracting , Lease Management Software

On a daily basis, we often face situations that require a little bit of flexibility.  If I’m in a pinch and don’t have eggs when I’m baking, I can turn to unsweetened applesauce. The restaurant I’m dining at doesn’t have Coke? Sure, I’ll take a Pepsi. These replacements aren’t going to be exactly what I need or want, but they’re close enough and will get the job done.

Some things, however, aren’t interchangeable. A great example of this is lease abstracting services and lease management software. In this case, one shouldn’t replace the other. Software alone isn’t an effective solution. Services alone aren’t an effective solution. The two have to work together in order to create effective lease management.

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Seven Tips for Efficient and Accurate Lease Abstracting
Dec 06

Seven Tips for Efficient and Accurate Lease Abstracting

By Meredith Beasley | Lease Abstracting

When was the last time you built a puzzle? It may have been a rainy day or a long vacation, but no matter the occasion, we all start off the same – you open the box and dump the pieces out on the table. From there, we all employ our own building strategy. Some start with the corner pieces and build the frame, while others take the time to sort out all of the pieces by color or pattern. 

Lease abstracting is a lot like a puzzle. You start out with all the pieces – terms, rent schedules, options amendments and assignments – and get to work piecing together the final pretty picture, an organized portfolio. Just like building a puzzle, everyone has their own approach or strategy to abstracting, because leases come in all shapes and sizes, and sometimes show up with a missing piece. 

No matter if you’re just learning how to abstract or are a seasoned expert, we wanted to share some of our favorite tips and tricks to get that “picture perfect” lease abstract. 

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