Property management software news, views and industry trends

Understanding the complexities of managing facilities is essential for businesses striving for efficiency, cost savings, and sustainability. But what is facilities management? It’s a comprehensive approach to overseeing maintenance, operations, and s…

Utility management consistently ranks among the top three operating expenses for multifamily properties. This means that utility cost recovery is a prime way to improve Net Operating Income (NOI). Unfortunately, many property teams continue to overlo…

Selecting the right platform from today’s property management software options has shifted well beyond the basics of rent collection and work order tracking. The real question is whether a system can scale across asset classes, bring operations…

Understanding the differences between a lease and a licenses is essential for commercial landlords. While both agreements allow another party to occupy or use a property, they have distinct legal, financial, and operational implications. A lease prov…

Managing property finances requires more than collecting rent and paying bills. To make informed decisions you need a structured way to record, organize and report every financial transaction across your portfolio. This is where a chart of accounts c…

The economics of rental property ownership have always involved a fundamental trade-off: the time and expertise required to manage properties effectively versus the cost of delegating that work to professionals. As rental portfolios grow in complexit…

Managing a hospital is one of the most challenging tasks in the healthcare industry. Hospitals operate around the clock, requiring seamless coordination of countless processes to provide quality care and ensure safety for patients, staff and visitors…

Facilities risk management is an essential practice for maintaining safe, efficient, and compliant properties. From identifying potential hazards to implementing effective safety measures, understanding what facilities management entails is key for r…