Commercial Real Estate Archives - Page 2 of 3

Four Things That Make Real Estate Development Accounting Software Unique

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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How Commercial Real Estate is Navigating Digital Disruptions

No person or industry wants to be described as a “laggard,” and the Commercial Real Estate (CRE) industry is no exception. Falling behind is not something it does. In fact, IBISWorld reports that the CRE industry is the “1st ranked Real Estate and Rental and Leasing industry by market size and the 4th largest in …

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Still Using Outdated and Manual Real Estate Development Software?

The struggles of still using outdated and manual real estate development software are unnecessary as they are hindering. To limit your company’s accounting to Quickbooks and project costing, commitments to Excel diminishes time, as well as control. Now, imagine utilizing a cloud-based software solution that gives you complete project control, including the ability to: view …

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Automation Greatly Reduces Loan Draw Process Time and Accuracy

Paperwork. It is truly a rare person who enjoys this tedious but imperative task. The best way to minimize the time spent on this mundane job is via automation through technological innovation. Draw requests comprise invoices, receipts, budgets, change orders and lien releases. And if you are still handling these chores manually for a Commercial …

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Using Tech to Minimize Project Errors

Project errors — especially unforced, preventable errors — have been the bane of commercial real estate (CRE) developers’ existence since a time when land was first bought and sold. Now, especially with the explosion of tech over the past several years, the best way to minimize project errors is through the implementation of state-of-the-art digital …

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Using Modern Tech to Address Old Problems in Commercial Real Estate Development

Long an industry that lagged behind others in new technology adoption, commercial real estate (CRE) development has been coerced into digital fast-forward over the past couple of years. In fact, the Covid-19 pandemic destroyed any remaining trepidation the industry might have had, and forced the rapid launch and expansion of cutting-edge technology solutions into the …

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All Eyes Are On the Global Supply Chain for 2022 Commercial Real Estate

Supply chain bottlenecks on both coasts have made headlines in recent months, particularly in Los Angeles and Long Beach, where container ships are often backed up for weeks waiting for cargo to be discharged. The real estate development and construction industry, which depends on materials and equipment from many other industries, remains especially hard hit. …

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Five Challenges Affecting Commercial Real Estate Development

Commercial real estate (CRE) development has seen digital innovation and technology adoption grow over the years, especially lately. And although tech had spread across much of the real estate continuum by 2019, according to Deloitte’s annual report, the industry was still relatively slow to adopt tech compared with other industries. The global Covid-19 pandemic in …

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How Technology is Advancing Commercial Real Estate Development

Several years ago, Commercial Real Estate (CRE) was in danger of falling behind in the adoption of new technology. But that has definitely changed. As reported by Forbes, investment in property tech (Proptech) grew by 1,072% between 2015 and 2019, and in 2018, venture capital firms invested $8.3 billion in Proptech companies throughout the world. …

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Why QuickBooks is Inadequate for Your Growing Real Estate Development Organization

Quickbooks™ was a godsend for businesses upon its creation nearly four decades ago. And while it remains good at what it does, limitations abound. If you’re consistently forced to create workarounds to solve problems, that’s a good indication you may have outgrown your software. QuickBooks is an accounting software package developed and marketed by Intuit. First …

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