News, views and industry trends
Multifamily data research: reducing maintenance costs
From performing routine maintenance to keep apartment buildings clean to emergency repairs for leaking pipes, maintenance is a major part of property management. In fact, multifamily data research suggests that maintenance is one of the largest costs…
Top 5 benefits of energy management software for CRE
As the commercial real estate industry continues to expand and evolve, the importance of energy management has become increasingly apparent. To remain relevant and meet regulatory requirements, real estate occupiers, property owners, and facilities m…
What is Lease Accounting?
Effective from December 15, 2018 for private sector organizations, and more recently in the public sector from December 15, 2021, ASC 842 is the new standard for lease accounting issued by the Financial Accounting Standards Board (FASB). Meanwhile, G…
10 important commercial real estate metrics
In an era where real estate firms are inundated with data, it can be hard to know which insights are the most important to your business. However, it’s even harder to uncover that information in the first place. After all, with such extensive analyti…
11 important facilities management metrics
Measuring your progress against KPIs is a key part of any management-focused software system. Wouldn’t you agree? After all, it’ll be nearly impossible to make significant gains if you don’t know where you can make improvements. Therefore, achieving …
General ledger accounting for properties
General ledger accounting can sometimes seem like an uphill battle. Having to manage multiple accounts, perform bank reconciliations, and file journal entries can leave room for potential errors in your property accounting. This begs the question, “H…
Different types of compliance by industry
With visitors, contractors, and employees back in our workplaces, organizations seek software that ensures everyone coming in or out of their buildings is aware of and meets their compliance requirements. Your organization probably has unique corpora…
Multifamily data on social media for apartments
Does your apartment community have a social media presence? If the answer is “no,” multifamily data shows you may be holding your property back from its potential. Many property owners and landlords don’t realize how important social media is. Howeve…