Property management software news, views and industry trends
Artificial Intelligence in Contract Lifecycle Management (CLM): Integrating AI for Enhanced Business Efficiency
Contract lifecycle management (CLM) is a time-consuming but essential process, vital for reducing compliance risk, ensuring accurate billing and minimizing revenue loss. For many organizations, CLM is a manual process, and requires some specialist le…
What is multifamily lending?
What is multifamily lending, and why does it matter for real estate investors like you? At its core, multifamily lending is a financing option designed specifically for properties with multiple residential units. Whether you’re buying, refinanc…
What are the types of multifamily housing?
Multifamily housing come in all shapes and sizes, from cozy duplexes to towering high-rises. Each type offers unique opportunities, and knowing how they differ can help you make informed investment and management decisions. In this blog, we’ll …
What are occupancy costs?
Occupancy costs, also known as occupancy expenses, typically account for 35% to 50% of operating expenses for multifamily properties. These costs include rent, utilities, maintenance, property taxes, and insurance, making them a significant portion o…
What is workplace occupancy rate?
Offices often sit half-empty, with research showing that around 55% of office space goes unused. This can lead to wasted resources and unnecessary costs, especially if you’re not paying attention to how space is being utilized. Workplace occupa…
Environmental control system
Managing a multifamily property comes with plenty of challenges, especially when it comes to creating a healthy and comfortable environment for your tenants. With indoor air quality directly affecting health and well-being, an environmental control s…
What are the different types of real estate investment trusts (REITs) and how do you invest in them?
Can investments in real estate be rewarding? Absolutely. Does everyone enjoy managing properties? Not quite. Fortunately, there’s an alternative for those who don’t want to be landlords: REITs. But what is a REIT? Real Estate Investment Trusts (REITs…
Real estate investment data analysis: Unlocking hidden opportunities for asset managers
In real estate investment, data is the most valuable asset. As an asset manager, you rely on data to make informed decisions, identify market trends, and maximize returns. It’s been shown that asset managers and real estate companies that use big dat…