Category: Building Operations
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How property teams can streamline vendor management
Vendor management spans a gamut of services, each contributing to a property’s overall functionality and value. And as portfolios scale up, so do their vendor interactions. Traditional vendor management often resembled a jigsaw puzzle, pieced together with phone calls, emails, paperwork, and manual follow-ups. This fragmented approach often led to miscommunication, missed opportunities, and inefficiencies.…
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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…
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How to track work orders and billbacks for better lease renewal rates and NOI
Do you know how to track work orders? What about billbacks? Tracking these metrics at your commercial real estate (CRE) property is what will set you apart from your competitors. With the data collected from these key performance indicators (KPIs), you have the information you need to bring your property to the next level. And…
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Proactive property maintenance: 3 tips for maximizing building value
In today’s competitive commercial real estate (CRE) market, maintaining a commercial property is not just about fixing what’s broken. Commercial real estate managers are constantly seeking ways to be more efficient, save money, and attract tenants. In this blog, we’ll explore proven strategies for maintaining properties in the most effective way, via proactive property maintenance. …
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Why all CRE properties should track energy usage
Energy usage is a significant operating cost for commercial buildings, and reducing energy use can lead to significant savings. It’s one of the many reasons why all commercial real estate (CRE) properties should track energy usage. But how exactly do you track energy usage? And what are the most important energy usage stats CRE teams…
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CRE compliance 101: How to track tenant compliance and COI compliance rates
Commercial real estate (CRE) compliance 101 starts with tracking compliance rates at your property. For one, it ensures your buildings are running smoothly. On the other hand, compliance rates tell you what tenants are in check and the ones that are not. By measuring tenant compliance and certificate of insurance (COI) compliance rates specifically, you…
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Preventive maintenance: 6 metrics to measure building health
Keeping your commercial real estate (CRE) property in top performance condition means scheduling regular preventive maintenance tasks. It also means knowing what metrics to monitor in order to gauge the success of your maintenance performance. With these metrics in hand, your property can begin to improve net operating income (NOI), equipment lifespans, and much more. …
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CRE teams turn to proptech during uncertainty in the market
Building Engines recently sponsored part-one of the Realcomm webinar series, “Mid-Year Trends and Course Corrections: Information Technology Takeaways.” Kyle Maikath, VP of New Business Sales at Building Engines, along with experts from NiceNets Consulting, Carrier Corporation, Related Companies, Realcomm, and Boxer Property, shared how tech partners are evolving their product offerings and how companies…
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Understand the REBNY Method of Commercial Building Measurement
If your property isn’t measured according to current commercial building measurement standards, it’s time to act. With this being said, property teams must first understand the different measurement methods at play. And for larger portfolio management companies spanning different regions of the United States, this also means understanding how standards vary by state. The United…