Lease Administration Software Archives

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.

Dec 03

Why Lease Administration Software Can Be Your Ally in the Event of a Recession

By Meredith Beasley | Lease Administration Software

2019 has been filled with several breaking news stories and unique trends, including college admission scandals, Area 51 memes, and more superhero movies that I can count. In the midst of these emerging events and stories is a tale as old as time – economic downturn.

When will it hit?

How bad will it be?

Who will be impacted the most?

Nov 07

3 Ways Lease Administration Software Can Streamline the Inspection Process

By Guy Gray | Lease Administration Software

Few things in life create anxiety quite like an inspection. If you’re in the military, for example, you worry about inspections for your uniform or barracks. If you’re a car owner, you take your car in for a worry-inducing inspection once a year. Homes, businesses, taxes… the list goes on.

For commercial real estate professionals (CRE)s, however, property inspections rank at the top of the list of things to worry about. As unnerving as a tax audit, property inspections are a necessary evil that can lead to findings that affect your bottom line. However, missing inspections can cause a bigger headache. Here are three ways lease administration software can help.

Oct 03

How to Find the Best Lease Administration Software for Your Needs

By Meredith Beasley | Lease Administration Software

It’s finally happened. You’ve reached your limit. You’ve made it to the end of your rope. You’ve hit the wall. You need a strategic way to manage your leases, and you need it now! The spreadsheet you’ve been using is out of control. ASC 842/IFRS 16 compliance is knocking at your door. You missed an important option deadline. You can’t find a single document, and your boss needs income/expense reports ASAP.

So maybe your situation isn’t that dramatic, but your commercial real estate leases are a big deal and it’s time to find a management solution that fits your needs. Ready to start searching but aren’t sure where to start? Use this article as your resource to find the best lease administration software that fits your needs.

After you finish reading, make sure to download our Quick Guide to Lease Administration Software for even more insight into the benefits of software and best practices for software demos.

Feb 26

Hiring a Lease Administrator vs. Adopting Lease Administration Software

By Guy Gray | Lease Administration Software

There’s a popular meme out there with a picture of a man, a wall and a bunch of ladders. The man, who is peering over a wall he obviously wants to climb, is standing on the pile of ladders instead of using them correctly. The caption? “It doesn’t matter how many resources you have… if you don’t know how to use them, it will never be enough.”

Large operations run the risk of doing the same thing when it comes to lease administration. Just because you can add to your workforce, does that mean you should? Specifically, is it more beneficial to hire dedicated lease administration help or add lease administration software to your workflow? Does the best answer fall somewhere in the middle?

Oct 02

Is the Crowded Lease Administration Training Market an Endorsement for Lease Administration Software?

By Guy Gray | Lease Administration , Lease Administration Software

They say that imitation is the highest form of flattery. Whether it’s in professional athletics, product development or, heck, even commercial real estate, if you’re doing something that works, other people are going to try and do the same thing.

This brings up an interesting observation. With the volume of lease administration courses, lease administration certifications and dedicated lease administration careers out there, it demonstrates how involved and intensive lease administration is. If there was a way to do better lease administration — more efficient lease administration — wouldn’t you want to consider an investment in it?

Aug 14

Top 5 Considerations When Selecting Your Lease Administration Software Solution

By Guy Gray | Lease Administration Software

Remember that famous movie line, “I’m going to make him an offer I would love for him to consider?” No, of course you don’t. That’s because the real line ends with “an offer he can’t refuse.” Fortunately, commercial real estate professionals these days aren’t bound to the same set of limitations. When it comes to lease administration software, anyway, you have options.

The only question is, what should you look for? From conveniences such as dashboards and notifications to more consequential aspects such as FASB compliance, here are the top five aspects you should consider when selecting your lease administration software solution.

Jul 10

How Has the Smartphone Revolutionized Lease Administration Software?

By Guy Gray | Lease Administration Software

Ahh, the smartphone. It’s a go-to distraction for many of us, whether we’re standing in line for that double mocha macchiato at 7 a.m. in the morning or caught in an awkward conversation with a colleague right before we head home at the end of the day. More than 77% of Americans own a smartphone, so it’s no surprise that it’s revolutionized the way we live our lives.

Commercial real estate is no different, as the software CRE professionals use has been greatly affected by the advances in mobile technology. Here are just a couple ways the smartphone has revolutionized lease administration software.

Jan 18

Why You Should Look for Custom Development Solutions in Your Lease Administration Software

By Guy Gray | Lease Administration Software

Busy and successful property managers know that Commercial Real Estate isn’t a venture for the faint of heart. Hard work, dedication, critical thinking, and an eye for the minute details that would normally escape others’ notice are hallmarks of those operating in the profession. Add in a hearty dose of organizational prowess, allowing for the ability to keep track of changing deadlines, ever-growing to-do lists and a host of other maintenance, upkeep and critical lease dates and CRE pros can give one of those lightning-fast superheroes of recent movies a run for their latex-clad money.

Oct 25

Is Lease Administration Software a Replacement for Your Existing CRM Solution?

By Guy Gray | Lease Administration Software

CRE owners, managers or other professionals know the impact and drain on resources that redundancy can have on a business. Multiple vendors, overlapping administrative positions and paying for services or software that perform duplicative tasks, all eat into your bottom line with unnecessary waste.

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