Property management software news, views and industry trends
CAM reconciliation: What it is, how the process works, and how to automate it
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…
What is common area maintenance (CAM)? – Charges, fees, and how to calculate CAM
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…
What is a CMMS?
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…
How do property management companies work: Business model, structure, and org chart
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,…
Where AI is actually making a difference
Artificial intelligence (AI) for real estate is regularly discussed in terms of ambitious transformation projects, yet many of the strongest results come from far more familiar challenges. Real estate is never short of data. In many organizations, th…
Real-world AI for occupiers: From experimentation to everyday value
There is no shortage of discussion about artificial intelligence (AI) technology in real estate. New tools, new models, and new predictions seem to develop every week. Discussions at this year’s National Retail Tenants Association (NRTA) conference h…
Lease audit guide: Best practices for multifamily and commercial portfolios
Key takeaways Lease audits help property teams identify billing errors, recover lost revenue and ensure financial records accurately reflect contractual lease terms. Regular audits verify rent escalations, additional charges, lease documentation and…
The AI Evolution: From Automation to Intelligent Action
A year ago, many conversations about artificial intelligence (AI) focused on efficiency. Organizations wanted to understand how AI could automate repetitive tasks, reduce manual effort, and help teams work faster. Today, the conversation is changing…