Leases are long, complicated documents with a number of different terms. Even with a good abstract, figuring out which lease structure will best help your property meet its return target is an arduous task. Commercial real estate software can help simplify the process, and let you compare apples to apples with minimal effort and time, letting you get on to your next project.
Which lease is better? $18.00 a square foot net with three percent annual increases for five years, or $19.00 net with one percent increases? When should you give a generous tenant improvement, and when should you just give a month of free rent to get a tenant in? Today's commercial real estate software can help calculate these variables for you and give you an answer quickly.
Computerizing your real estate can do more than help with financial decisions. You can get a report comparing your site with others, ensuring that every space you occupy is optimized in multiple areas. If one is not, you will know which one to eliminate when its lease rolls over. A good commercial real estate software program can even make you a more effective negotiator by tracking the differing offers between landlord and tenant as a lease goes through negotiations.
You can also use your software throughout your occupancy or ownership. At any point in time, you can get an indication of how much life, and cost you have left on your lease or, if you are an owner, how much cash flow you still stand to receive before the lease rolls. Having your lease documented in a commercial real estate software program saves you from having to read it or its abstract. All of its terms are available to you at any time in an extremely usable format. Furthermore, having the information handy can make it easier for you to negotiate when the lease rolls over for renewal.
Today's real estate software goes well beyond simple mapping and spreadsheets. It embeds the intelligence that you need to make good decisions about your company's real estate and positively impact your bottom line.
See how REoptimizer®'s Commercial Real Estate Software can help you!
Learn more about Commercial Real Estate Software:
