Property management software news, views and industry trends

Office operating expenses have outpaced revenue every year since 2021, and that gap has turned the annual true-up into one of the most closely watched documents in a commercial lease. CAM reconciliation is the process that settles what tenants paid i…

Shared building costs used to sit quietly in the operating budget, reconciled once a year and rarely questioned. That has changed, and common area maintenance is now one of the most closely negotiated and most frequently disputed parts of a commercia…

Key takeaways CMMS stands for Computerized Maintenance Management System. It is software that centralizes maintenance activities, asset information, work orders, preventive maintenance schedules and maintenance history in one system. A CMMS helps ma…

Affordable and public housing organizations have never faced a shortage of responsibility to provide safe, stable homes for the communities they serve. What has changed is the complexity of that mission. Demand continues to grow, staffing challenges …

Apartment operators are reorganizing how their communities run. Leasing, renewals, payments, and resident service requests are moving from the on-site office to centralized teams and shared systems. Across the industry, 87% of multifamily organizatio…

Florida’s new rental fraud legislation raises the stakes for applicants who deliberately use false information to access secure housing. It also draws attention to the wider operational question facing multifamily operators: whether their leasing pro…

What is lease abstraction? For decades, lease abstraction has played a vital role in helping real estate organisations manage the complexity hidden within commercial lease agreements The ability to extract key dates, financial obligations, rights, an…

Professional property management becomes much more common as properties get larger. According to HUD and Census Bureau findings from the Rental Housing Finance Survey, 84 percent of rental properties with 150 or more units are professionally managed,…