1. It costs too much.
Commercial real estate software is about maximizing profit and minimizing wasted resources and time. Consider the cost to you if you don’t have it. You may not realize it, but the (overwhelming) chances are you’re spending a lot more without a good commercial real estate software system.
2. I already get this information from my spreadsheet programs.
With the Microsoft Excel's of the world, you can’t get this depth of information in your own spreadsheets unless you employ a large, specialized team of people to feed and analyze it. Specially designed commercial real estate software does more than provide numbers; it benchmarks your sites and comps to current market conditions.
3. I don’t trust having the information I depend on in a cloud computing service.
Aside from the fact that it’s 2012, and technology is changing/improving more rapidly than ever, cloud-based commercial real estate software is just as safe as any other software that ventures outside of your in-house network, and quite often more safe than some of these programs. Cloud services are reliable, they have much greater security than most companies are willing to buy and they are backed by huge redundant systems. Additionally, think of the time saved, money saved, and convenience provided by cloud storage.
4. I already know what I need for my job.
There is no doubt that you are doing a great job as a commercial real estate professional. But nobody knows all the information provided by modern commercial real estate software services without performing very extensive and ongoing market research. When you have a program and a team behind that program performing much, if not all of that research, you have more time to make the proper decisions that will best affect your company’s business moving forward into the 5, 10, or 20-plus years of your next lease.
5. I don’t want to be chained to a computer desk.
Good commercial real estate software runs on a number of platforms. These include your desktop/laptop, tablet, and your smartphone. And what makes all of this possible is that cloud storage we talked about.
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