As a real estate developer, having a clear understanding of your project budget is crucial for ensuring its success. In order to ensure a successful outcome, it is critical to accurately estimate project costs and maintain financial visibility throughout the process. Underestimating costs can lead to cash flow problems, delays in completion, and even project …
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Are you a Real Estate Developer struggling with paperwork and the time associated with creating loan draw packages for your financial institution? One of the biggest challenges to the development finance process is submitting draw requests to lending institutions. Software automation now makes this process simple, and Real Estate Development powered by Acumatica …
With a host of projects at various stages of development, knowing the specifics of each is unlikely to be your first focus. However, when a project goes over budget and you can’t figure out what went wrong, you may begin to lose control over your portfolio. What if you could see how each project was …
Accurate, real-time accounting is paramount for real estate developers and property managers. Unfortunately, proper bookkeeping can be both tedious and time-consuming. What if there were a way to keep accurate records while increasing productivity simultaneously? There is — real estate development software! Unlike other accounting software, such as QuickBooks, which caters to a more …
It’s important to understand the differences between real estate development accounting software and conventional accounting programs, such as Quickbooks. Let’s take a closer look at the four primary distinguishing characteristics. Developers are in it for the long haul Because typical development projects are long-term, real estate development accounting differs from other types of accounting. …
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Although the housing and commercial real estate markets were hit harder than most other areas of the economy when the Great Recession struck, these industries have experienced a resurgence in the past couple of years.
There are different levels of project costing and reporting that companies need to track and audit. Our Budgetrac solution enables companies to not only track and account for project costs, but a most important feature is to also track contracts with vendors. As an organization enters into contracts with vendors, these contracts can include various …
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Want a sure sign that the bull market for rental housing still has plenty of legs? The second largest U.S. homebuilder is now offering newly-built rental properties. On March 14, Lennar Corp. opened its first single-family rental home community, an 80-home development in Sparks, Nevada, near Reno. Rents at Frontera at Pioneer Meadows start at …
Real estate lenders are expecting a strong year ahead for the commercial property business, but looser underwriting standards may cause the market to come under some pressure this year. “Industry participants see another year of positive growth for commercial real estate debt markets as ample capital and credit should be available to meet borrower demand …
Looking for a gift for your favorite commercial property manager? A new book by bestselling author Vicky Ward recounts the rise, fall and rise again of New York City’s iconic General Motors Building. Ward recently was interviewed by National Mortgage Professional Magazine, to discuss her new book, “The Liar’s Ball: The Extraordinary Saga of How …
GM Building Offers Lessons on Property Management Read More »