Part 2 of "Top 10 Myths of Commercial Real Estate Software." Here is Top 10 Myths of Commercial Real Estate Software Part 1.
6. I don’t need it yet.
Don’t wait until it is too late! Commercial real estate software can do a lot more than you think; the good ones can, anyway. And aside from some of the daily uses of commercial real estate described here, it is not at all a bad idea to get an early start on your next lease. After all, it is one of our keys to Save a Million on Your Next Tenant Lease.
7. My employees will spend all their time poking their noses into other people’s business.
The access provisions you set for each team member can control that. And it gives you better control over them than you have now. Don’t forget one of the best things of commercial real estate software is the improved collaboration brought to your corporate real estate team. Keeping your focus is definitely important, but don’t underestimate the ideas that stem from paying attention to what goes on outside of your own office. Here's few more ways to improve collaboration in your corporate real estate team.
8. I’ll never be able to keep track of what everyone is doing.
Good commercial real estate software allows management of timelines for everyone on a lease project team, with full information to everyone about who is doing what on which schedule. You should look for an integrated calendar for key dates and team schedules. And some commercial real estate software even track lease negotiation developments.
9. I can keep track of my staff better.
Yes, but more importantly, they can keep track of what each other are doing and bring concerns to your and each other's attention more easily and more clearly. Commercial real estate software is not necessarily a tool for managing staff, so much as it is for your sites, comps, leases, abstracts, and contacts. Think of it more as a tool for support.
10. This means we can have fewer meetings.
Yes and no. While collaboration is greatly improved, and information shared more readily, meetings are more important than ever when you have this kind of asset behind you. What commercial real estate software will do is make your meetings more productive.
