Best Practices | Building Engines
Building Engines Blog | Best Practices
Building Engines released a new whitepaper, “Property and Tenant Management Systems: The High Cost of Maintaining the Status Quo,” that outlines the increasing percentage of real estate managers that are utilizing technology to maintain a competitive advantage and what is really at stake by relying on outdated and sub-par systems.
These days, the buyer is in control. Unlike previous generations, prospective tenants have the tools to instantly research and compare their buying decisions – without so much as leaving the couch or picking up the phone. According to Intelius, 78% of B2b consumers believe that it is very important to look up information about businesses online before deciding to interact with them. You’re likely making your first impression before you ever meet them.
A two-story office building in Bradenton, Florida, sat empty for five years after construction was completed, according to the Bradenton Herald. Five. Long. Years. The national recession and lack of business lending by local banks kept a number of companies from moving into the facility. Every office complex will deal with its share of vacancies, which can hurt the property’s value and make it difficult to stay ahead of expenses. Certain tools can help to not only rent offices but also keep tenants satisfied so that turnover is reduced. Lots of apple turnover, good. Lots of tenant turnover, bad.
To stay on top of maintenance issues, building managers may need to conduct regular inspections of their properties.
As the mobile movement continues into the future, property managers will need to keep up with the latest trends, but for now it is safe to say that BYOD is a strategy that will save you both time and money while increasing productivity.
Monitoring work orders and repair requests allows building managers to allocate their resources more effectively, which can help reduce overall maintenance costs
Building Engines today released a Property & Tenant Websites Benchmark Report compiled from a 2013 Property Websites Survey of hundreds of commercial real estate professionals.
The property manager that prepares ahead of time for weather-based emergencies is the property manager with happy tenants- and software is often the key to both preparedness and efficient crisis response.
Building managers should communicate with their tenants about building policies and procedures, contact their snow removal, and brief their property teams on the timing of the storm and likely changes to their building management activities- all well in advance of the storm.
Presenting the face of your building to the public is more about clicks than bricks. Consider your property website the front door for current and prospective tenants. Just like the physical space, it should be branded, easy to navigate, professional and just a little sparkly. And visitors shouldn’t have to ask for directions.
As a community information space for building tenants and a marketing face for prospective tenants, your site is a critical component of your business – it’s design and functionality should reflect that! Here’s five features to kick it up a notch:
Sure, you may have poise, grace and beauty, but does your building have have what really matters (note: looking good in a bikini does not make the list)? Does it have what it takes to join the stage of the top performers in operations and management?
Dissatisfied with their current real estate operations management software provider’s service and limited capacity platform, Commerce Real Estate Solutions needed to make a change that would help them upgrade functionality, system reliability and service. They needed a robust, user-friendly solution with a strong focus on mobility and customer support.
We all head into the New Year having wrapped up our planning and budgets. There are things we have clear insight into and then there’s things like Second Barrel Syndrome that just happen. There’s no avoiding them, but you have to anticipate and leave room for them.
It’s a new year and new you – with the same need to improve operations and tenant service. As we shelf 2012 and delve into 2013, here’s a look back at our most popular educational content and resources from the past year.
It’s almost 2013 and you’re getting your ugly sweater and annual planning on. As you prepare your business for the future, one plan you can’t leave out is your mobile strategy. 2012 taught us that workers, tenants and prospects all operate with the expectation that information can be accessed in real-time. The solution is a mobile strategy aimed towards increasing efficiency and communication.