As temperatures drop and the cold months linger, property owners and managers are tasked with combatting rising energy costs. Sufficiently heating a commercial real estate building can often drain the wallet – but it doesn’t have to. We’ve compiled a list of the top eight tips for saving money this season.
When evaluating service providers, property owners and managers often want to know what a company’s development plans are and how they reach their decisions. Unfortunately, it’s not always easy to distinguish between the thought leaders and the average joes, so we wanted to share our “10 Commandments of Product Development Planning,” gleaned from over 12 years of best practice pursuit.
We are excited to announce major enhancements to our Resource Scheduling Module! New features include easier self-management of shared building resources by property management staff, advanced reservation options, including billable resources, and an improved interactive booking calendar for tenants.
Effective building owners and managers often look for best practice tools and leadership advice from other industries, and Major League Baseball is no exception. In honor of tonight’s World Series Playoff game (Go Sox!), here are five tips to success that property management teams can take from America’s favorite pastime.
In any highly competitive commercial real estate market, where location and price are relatively equal, building owners and managers need to differentiate from other options on the basis of amenities and service in order to retain tenants, attract new ones, and drive profitability. As the economy continues to improve and development picks up, the battle for business will only get tougher, and the same old approach to service doesn’t provide the leverage property owners and managers need to stand out.
When it comes to technology choices for Commercial Real Estate (CRE) property management, knowing which system (or combination of systems) you need to run your business can get confusing. Here at Building Engines we’re often asked what the differences are between the various types of tenant service or maintenance systems and which are the right choices for specific situations. To help answer those questions, we break them down for you below based on functionality and applicability.
The end of summer is typically marked by large storms within the Atlantic. So far this year, no hurricanes have made landfall in the U.S., but that doesn’t mean that companies are in the clear. Disaster recovery is one area that many firms may find lacking if they are hit by a natural disaster.
Howard Roth’s article “Real Estate Transparency: Property Management’s Turn” is a call to arms for property owners and property managers alike. Roth suggests that asset managers are becoming too complacent with building management, and base their contracts on the convenience of existing relationships rather than “property management credentials.”
Space management? Isn’t that a just leasing “thing”? Not anymore! Property management software and space management have been courting each other for a while now and have officially decided to tie the knot. Sorry, leasing.
As you may have already noticed, Google’s email service, Gmail, has undergone a design makeover designating your inflow of daily mail into three separate tabs: Primary, Social, and Promotions.
Tenant satisfaction is an important element in maintaining low turnover and meeting revenue goals. This makes customer service a vital part of a property manager’s job. Regularly assessing relationships with occupants could help building owners and managers deliver better services by identifying areas that need to be improved.
In an ideal scenario, when one tenant moves out, building managers have another occupant lined up. Short turnaround times for vacant offices can significantly improve cash flow and revenue. Finding and securing new tenants can be a challenging task for property managers who lack experience in sales or marketing. Fortunately, there are strategies that can improve [...]
Property Management Mobile Usage Study Proves Need for Offline and Multi-Platform Application Support
The Great Mobility Debate has been rearing it’s head a lot lately at various industry conferences. This inevitably leads to questions regarding BYOD vs. platform standardization, connectivity requirements, and data sync between the work of maintenance techs in the field and a centralized online database. This sparked our own interest about how customers were using [...]
Businesses in every industry need to react quickly to changing conditions. The faster companies are able to alter production, marketing or customer service strategies, the greater advantage they have over their competitors that are struggling to keep up
Building managers are continuously on the move. This can make it difficult to oversee the training and development of personnel who are essential to facility operations. Maintenance workers, security guards and other employees often work independently with little interaction between them. If property managers are not careful, this could lead to a breakdown in communication that decreases efficiency.