When it comes to investing in commercial real estate, multifamily rentals or single-family homes, property owners need an experienced and continuous financial management. They should also be vigilant about the curb appeal in order to ensure the best possible renter experience. They also need to remain on top of the tax compliance, budgeting and other financial reporting to maximize their return on investment.
Real estate management is the collection of the actions and procedures that are employed to take care of property assets. It’s also the job of those who manage these physical assets. It’s a challenging job that requires both a mind for numbers and an understanding of the tenants.
Real estate managers are accountable for a variety of tasks such as screening potential tenants as well as maintaining the property and even making lease agreements. All of these tasks are vital to creating happy and healthy rental communities that keep renters coming back. They’re also essential for ensuring that owners can turn their property into a successful investment that increases its value over time.
Facilities managers are currently facing new challenges, mainly due to the rise of digitalization and smart buildings. Also, occupants’ expectations are increasing. These include full transparency of their portfolios and efficient maintenance, operations, and leasing accounting. Fortunately, Accruent Lucernex provides real estate management solutions that can help to address these issues and increase productivity.
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