Why Cloud-Based Property Management Software is Critical for Collaboration

 September 6, 2017

By  Guy Gray

Admit it. As a busy CRE professional you often feel like you do the job of ten different people. From analyzing those latest occupancy reports, to reviewing balance sheets to implementing the latest round of property improvements to closing the deal on your newest purchase, maintaining a successful commercial real estate portfolio often requires you to be an accountant, real estate agent, office administrator and more.

While sometimes you may need to step into these roles, the best and brightest in the CRE field know the value of delegation and of partnering with other collaborators to help get deals, projects and daily business done. Knowing the value of collaboration is one thing; having the tools you need to exchange ideas, files, deadlines and more, however, is where cloud-based property management software becomes a critical partner in your CRE business. Cloud-based solutions, such as those offered by Quarem, are critical in maintaining business continuity and are an important tool in your CRE arsenal.

Success Means Movement

In any line of business, stagnation creates a recipe for certain disaster leading to loss of growth or failure to keep on top of much needed communication or industry trends. This is even more true with CRE professionals who often find themselves on the road, visiting properties, scoping out opportunities or networking with other industry professionals. While you’re on the road, cloud-based software makes it easy for your data to come with you. Continue working with your team, even when you’re not physically in the office, allowing you to maximize your time and avoid inefficiencies and delays while you’re on the go.

Your Portfolio Properties Aren’t in One Place

A diverse and successful CRE portfolio will often be spread out over blocks, cities and even states. When a tenant has a question over a specific lease term or a vendor needs information regarding property maintenance, hand delivery is often impossible and physical mail is antiquated, unreliable and slow.

Cloud-based solutions allow tenants to upload documents and CRE managers to exchange important terms or schedule meetings or due dates all in real time. Updated data is available from the cloud instantly, allowing everyone involved to have critical access to the most recent facts, figures and more. Multiple team members in a single office can perform their mission-critical processes without having to wait on emails or manual notifications that another’s task has been completed. With cloud-based property management software, such as Quarem Vantage and Quarem Access, efficiency is the name of the game.

Maximize Your Talent Pool

Perhaps one of the greatest benefits of a cloud-based platform for CRE property management is the ability this sophisticated tech provides to utilize the best talent for your business wherever they may be situated geographically. If an employee is on vacation there’s no need to wait for them to be back in the office to hunt through physical files; the information is already available in the cloud. If your project manager is on site for your latest development but the accountant needs budget items ASAP, its available for download at the click of a button.

Wherever your team is located, with a cloud-based property management solution your data is always available for access and communication. With Quarem’s solutions, you and your talent are freed up, allowing business to happen efficiently and quickly. Reap the rewards in the fast-paced world of CRE with immediate access to everything you need to run and grow your business. Contact Quarem today to find out how our tools make collaboration a breeze and help free you up from the office desk ball and chain allowing you to focus on building your real estate empire.

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About the author 

Guy Gray

Guy Gray serves as Chief Operating Officer overseeing our technology and client services teams. He is responsible for guiding Quarem application development, networking and security, as well as new client implementations.

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