So, you’re a CRE professional with a healthy and diverse portfolio. Maybe you feel that you’ve hit the goldilocks equation when it comes to the time you spend managing your existing properties. You probably even have a steady income from current assets with a relatively high rate of occupancy. In short, things are fine and dandy…until they aren’t.
Smart and savvy players in the CRE market realize that growth and development of new prospects is the only sure-fire way to long-term portfolio stability. With the demands of maintaining your current tenants and clients, making time for lead generation activities can seem out of the question. Enter sophisticated lease administration software, such as that offered by Quarem, to help free time and more, providing huge ROI in not only maintaining but growing your CRE empire.
Let’s face it, time is one of the most valuable resources you have as an owner or manager in the CRE field. Between taking calls from current clients, trying to coordinate between your various team members for those building or upgrade projects and managing day-to-day administrative responsibilities, there’s days when simply grabbing a meal that’s not in a paper wrapper seems like a victory. Enter the time savings provided by lease administration software partners.
Cloud based property management solutions such as Quarem’s Access and Vantage platforms allow CRE professionals to coordinate all their players for business maintenance. Individual team members can post updates, submit documents and communicate in a central location, adding efficiency and reducing wasted time playing phone tag or shuffling documents around between drives. In addition, individual clients can access their important lease documents, submit requests and make inquiries in a centralized platform, allowing both them and you to get back to the business of, well, business.
Speaking of clients, we’ve all had that scenario where, in the midst of juggling that zoning board hearing, your important sub-contractor meeting and Timmy’s weekly soccer game, a reply or follow up to an existing or perspective client has gotten lost in the shuffle. Quarem’s lease administration software ensures that inquiries and contacts are centralized, making it difficult to miss those important details.
In addition, customized alerts and reminders provide that much-needed prompt for tasks from emails to contract renewals and more. Developing a reputation for timely and professional communication is essential to attracting the best CRE clients. Think of it as publicity without the need to hire a pricey PR director.
From freeing up time to helping establish and build a reputation as a quality CRE outfit, lease administration software is the CRE professional’s secret weapon for maximizing the opportunity for growth. And this is only the tip of the iceberg when it comes to streamlined analysis and communication within your commercial real estate portfolio. At Quarem, we believe in building lasting relationships by investing in our clients’ long-term health. If you’re a property manager or CRE professional, call Quarem today for a no cost initial consultation and analysis of your portfolio’s individual needs. Find out today how we can be your partners in maintaining and growing your CRE business.
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