News, views and industry trends
Can you sublease a commercial lease?
Subleasing a commercial lease can be an effective way to manage unused space or reduce costs, but it comes with specific legal and operational considerations. Whether you’re a tenant or a landlord, understanding the process is essential to ensu…
What is move management
Move management is a critical, yet often overlooked, component of property management that involves coordinating and overseeing the relocation process within or between properties. Whether it’s a residential tenant shifting to a new flat or a c…
What is condition-based maintenance?
Condition-based maintenance is an advanced approach that relies on real-time data to keep your equipment running smoothly. By continuously monitoring asset performance, you can predict when maintenance is needed, reducing downtime and preventing cost…
Levels of service in asset management
Understanding the intricacies of asset management is crucial for maintaining and enhancing the value of your assets. A pivotal aspect of effective asset management is the concept of levels of service, which serve as a cornerstone for strategic planni…
How AI contract review automation transforms efficiency: exploring the benefits
In property management, handling contracts can often feel like a never-ending task. From sifting through dense legal jargon, to ensuring compliance with ever-changing regulations, the process can be both time-consuming and prone to errors. However, t…
Why is facilities management important in the hospitality industry?
Facilities management plays a critical role in the hospitality industry, ensuring that properties run smoothly, guests are satisfied, and operations remain cost-effective. From maintaining essential systems to managing guest services, the functions o…
REIT vs real estate crowdfunding: An investor’s perspective
As an investor, the idea of earning a steady monthly income from rental properties can be very appealing. However, real estate investing comes with challenges. You’ll need to manage maintenance costs, deal with tenants, pay taxes, and handle other fi…
Roles and responsibilities of condo boards vs. property managers: Key differences
The world of multifamily property management can be challenging without understanding the responsibilities of a condo board vs property manager. With over 70% of U.S. households living in communities governed by condo associations, their efficiency d…