This means property teams have to be able to reduce operating expenses such as labor and materials costs, and optimize capital planning. Property management teams now have more direct responsibility for the financial performance of a building, and for realizing the goals of the investors. Managing a building now includes what used to be asset management territory. You didn’t necessarily need a building management software system to manage all this, as long as you knew your way around a spreadsheet and were well organized.Ī property manager’s role has expanded considerably since the 2000’s. And they’d manage a building’s reception, utilities, security, certifications, and insurance compliance. A property manager took care of administration activities such as rent collection, CapEx admin, and lease compliance. Hasn’t it? Managing a property was considerably simpler at the turn of the millennium. It’s not like property management has changed *that* much in the last two decades, when the first building management systems launched. And installing and implementing a new system may feel like a hassle you don’t need or have time for. After all, the system you currently have works well … enough. If you’re a commercial real estate property manager, asset manager, or owner, you may be thinking you don’t really need a modern building management software system.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |