Author: Alicia Frazier
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Improving profitability through operational efficiency in commercial real estate
When it comes to commercial real estate (CRE) property management, the quest for enhancing profitability is a constant endeavor. To stay competitive, property owners and managers are constantly seeking innovative approaches to maximize their assets’ profitability. However, one significant area often remains overlooked – improving profitability through operational efficiency. It may appear as common business…
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The benefits of digital HVAC management for industrial properties
Having a conversation about the industrial real estate sector invariably brings up, and lingers on, the topic of HVAC systems. It’s more than just temperature regulation, an efficient HVAC system creates the ideal environment for the storage of goods, ensures workers’ comfort and safety, and contributes significantly to a property’s energy consumption and sustainability initiatives. …
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How to enhance vendor management in industrial real estate
As industrial portfolios grow, so does the complexity of maintaining numerous vendor interactions. Traditional methods for managing vendor services often lead to inefficiencies and missed opportunities due to miscommunication and paperwork. With that said, you need to learn how to enhance vendor management processes. Enter modern vendor management software platforms, your solution to: Why does…
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COI tracking for industrial properties: 5 benefits of implementing tech
One crucial aspect of risk management in industrial real estate management is the tracking of Certificates of Insurance (COI). COI tracking for industrial properties verifies the presence of insurance coverage for all relevant parties involved, be it vendors, contractors, or tenants. Manual tracking of these certificates, especially for large property portfolios spanning multiple geographical locations,…
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Work orders in the digital age: Streamlining operations for industrial portfolios
The backbone of effective property management lies in the ability to promptly address and resolve issues. From a faulty HVAC system to potential hazards in a warehouse, timely interventions ensure smooth operations and safeguard your property’s value. At the center of this intricate dance is the work order management system. Old-school work order systems –…
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Work order management: How two CRE companies are mastering efficiency
Commercial real estate (CRE) technology has allowed the CRE industry to make massive strides towards creating a more efficient and innovative future. The positive impact CRE technology has had on owners, tenants, investors, and operators alike is undeniable – from improving day-to-day operations to increasing return on investment (ROI). According to research, 91% of CRE…
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Sustainability is not just a buzzword for the CRE industry
Sustainability in CRE has risen as a beacon for forward-thinking leaders. But for some, it’s dismissed as just another “buzzword.” However, in the realm of commercial real estate (CRE), sustainability is not only crucial but transformational. Modern tenants are increasingly driven by eco-conscious decisions. A global shift in values means that sustainable commercial spaces are…
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Is property management software worth it? Yes, and here’s why.
Commercial real estate (CRE) owners and operators are often bogged down with a myriad of challenges that come with managing properties. From tenant management to financial oversight, the responsibilities are vast and varied. Some owners and operators have manually managed various aspects of their properties. If you’ve been manually managing certain aspects of building operations,…
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8 tips for prioritizing tenant requests in commercial real estate
Tenants are the heartbeat of any successful commercial real estate (CRE) operation. Their satisfaction not only influences renewals but also shapes a property’s reputation. But, as any seasoned operator knows, managing a myriad of tenant requests can be a daunting challenge. Prioritizing them effectively ensures smooth operations to keep tenants happy. Read on for eight…
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What is a work order management system?
If you’ve ever found yourself asking “What is a work order management system?”, then we’ve got the rundown for you. Read on for the definition, 10 core features of such a system, and the benefits of using work order management software to scale your building operations. What is a work order management system? A…