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.”
How does Building Engines answer some of Roth’s concerns?
- Property owners often see “operational due diligence” as a cost instead of an opportunity for future benefits. The optimization of property management through a platform such as Building Engines will allow long-term ROI to significantly outweigh the initial cost.
- Roth also suggests that the emerging and inevitable trend in building management is based in new technology for reporting. Building Engines sits at the forefront of this movement with our reporting dashboard and ancillary integrated mobile platform, putting actionable intelligence in the palm of your hand.
- In terms of selecting the best candidates for building management, Roth wishes that scorecards for competitors were commonly used. Our score of a 99-percent client renewal rate speaks for our product and our service.
We agree with Roth’s assessment that “unquantifiable benefits” exist when selecting the most efficient and reliable building management service. The world of commercial real estate is globalizing and it demands transparency, efficiency, and premium operational oversight.