Category Archives for "Property Management Software"

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

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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Web-Based Property Management Software and Access Control for Large Teams

By Guy Gray | Property Management , Property Management 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.

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How Property Management Software Exceeds the Value of a Traditional Checklist

By Guy Gray | Property Management , Property Management 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.

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Does Property Management Software Help with Building Maintenance?

By Guy Gray | Property Management Software

Experienced CRE professionals know that the work doesn’t stop once you’ve acquired your portfolio properties and leased them out to quality tenants. Keeping your properties in tip-top shape is key to both protecting your assets and ensuring client satisfaction. With a CRE owner’s busy schedule, however, spending time on these daily tasks can often be a time sink that prevents you from focusing on substantive growth, research and analytics necessary to building your CRE empire.

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5 Ways Property Management Software Can Help the On-the-Go Property Manager

By Guy Gray | Property Management Software , Property Managers

It’s 7am on a Monday morning and your alarm clock went off hours earlier. You’re answering emails on your smartphone, tablet or laptop device, while attempting to down your second cup of morning coffee. Breakfast is on the table and your son or daughter needs to be dropped off at school before you hop back into the car for a four-hour round trip to check out the latest potential property addition to your CRE portfolio. During the first leg of your jam-packed day, one of your existing tenants calls asking for an obscure detail from their individual lease agreement and your office administrator has the day off.

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Why Cloud-Based Property Management Software is Critical for Collaboration

By Guy Gray | Cloud-Based Software , Property Management Software

Admit it. As a busy CRE professional you often feel like you do the job of ten different people. From analyzing those latest occupancy reports, to reviewing balance sheets to implementing the latest round of property improvements to closing the deal on your newest purchase, maintaining a successful commercial real estate portfolio often requires you to be an accountant, real estate agent, office administrator and more.

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How Property Management Software Can Help Your Cash Flow

By Guy Gray | Property Management Software

Picture this common scenario…it’s the end of the month and your bills are due.  Your cupboards are looking a bit lean, the kids maybe need routine medical upkeep, or perhaps one of them must have major reparative surgery.  Oh, and your dog is sick.  Now replace the children and animal in this scene with property maintenance costs and the utility bills with, well, utility bills.  Whether running a household or a sophisticated and diverse portfolio of commercial real estate properties, a fixed estimated cash flow and unforeseen costs can bring about the stressful “tightening of the belt;” a scenario that poses major hurdles for your ability to grow and plan for the future.  If this scenario is all too familiar with your CRE business, property management software, such as that offered by Quarem, is here to help.

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How Does Your Choice of Property Management Software Affect Your Customers?

By Guy Gray | Property Management Software

Whether you operate a retail storefront or manage a commercial real estate portfolio composed of hundreds of properties, successful business owners and operators know that keeping clients happy is mission critical to long term success. With each of your individual properties featuring different tenants with individual needs, leases and overall concerns, catering to the diverse customer base is no easy feat. While you appreciate the fact that “Sal” from “Sal’s Plumbing” is extremely friendly, it can be difficult to rustle up the time to answer his questions every time he forgets when his lease expires, wants to know whether he can start a side gig raising miniature goats on the property or has misplaced the address to send his monthly rent check.

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Why You Shouldn’t Compromise on Your Property Management Tools

By Guy Gray | Property Management , Property Management Software

There are some places in life where it makes sense to cut corners to save a few dollars. For example, a DIY project such as painting your own living room or installing that shower head has little downside if things go horribly wrong. Worst case scenario, you call in a professional painter to fix that ceiling flub or a plumber to correct your leaky fixture.

When it comes to maintenance, management and growth of your CRE portfolio, however, compromising on quality to save a couple of dollars in upfront costs can lead to big long-term consequences. From costly errors caused by a lack of a property management system to waisted time and resources from picking the wrong one, experienced property managers know all too well the price of not investing in the right CRE management tools. Want to avoid these common mistakes and learn about how an initial investment can show big dividends? Read on for these answers and more.

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