Property management software news, views and industry trends
Lease Admin Nightmares: Ep 5 – Dates of Doom
“Everything felt routine—until we realized we had unknowingly signed up for another year… at a price we never agreed to.“ The Setup: A Lease on Autopilot When the lease first began, it was meant to be temporary—a flexible space during a …
Lease Admin Nightmares: Ep 4 – The Lease That Vanished
“One minute it was there. The next, it had simply vanished—along with our peace of mind.” The Setup: Portfolio Acquisition Woes When our company acquired a new portfolio, we expected the usual growing pains—integrating systems, streamli…
Lease Admin Nightmares: Ep 3 – CAM Charges from the Crypt
“It felt like opening a coffin: shocking, unsettling, and too late to run.” The Setup: Quiet Before the Storm It was the calm after the close of a good year. Payments were timely, renewals handled, and the books neatly closed—or so we thought. But …
Lease Admin Nightmares: Ep 2 – The Expiration That Nobody Saw
Lease administration isn’t just about paying rent on time. It’s about timing—period. And when critical dates slip through the cracks, the costs can come fast and hard. In this case, a missed expiration date blindsided the tenant and left them with n…
Lease Admin Nightmares: Ep 1 – The $100,000 Mistake You’ll Never Forget
Lease administration can be full of landmines. A small misstep—like forwarding the wrong invoice—can trigger massive financial consequences. In this case, it led to a $100,000 overpayment that took months to unwind. This really happened. The details…
What is Capital Lease Accounting?
Capital lease accounting, also known as finance lease accounting, refers to the method by which long-term lease agreements are recorded on the balance sheet. This approach requires the lessee to recognize both the asset and the corresponding lease li…
How to effectively implement the new lease accounting standards
The new lease accounting standards—ASC 842 lease accounting for U.S. GAAP and IFRS 16 for international reporting—are a significant change for companies, lessors, and investors alike. Staying compliant while ensuring your financial reporting is accur…
What is a triple net lease (NNN)?
A triple net lease (NNN) is one of the most popular types of commercial real estate leases in the U.S. It’s especially common for retail spaces, restaurants, and other franchise businesses. With a triple net lease, tenants are responsible for more th…