The world of commercial real estate is an exciting, fast paced, and potentially lucrative business. For those with a love of real estate and dedication to grueling hours or hard work, building a thriving portfolio of properties is a more than attainable reality. In an ideal world, after you’ve established a diversified portfolio of properties across regions, office types and more, your investment will grow and thrive with only moderate maintenance and effort. Often times, however, CRE professionals will run into issues with individual investments dragging down overall performance.
Individual property bad apples can spoil an otherwise steady return on income and identifying these underperforming assets is critical to the overall health and well-being of your CRE business. If this scenario sounds familiar, you’re in luck. Sophisticated property management solutions, such as those offered by Quarem, can help provide the insight and analysis you need to weed out poor individual investments and help keep your portfolio on track.
Review and Analyze Data at Both Micro and Macro Levels
A quality property management partner is about more than just providing a piece of software to track lease abstracts or client payments. Customizable modules that fully integrate with your company’s records, payment and other systems can also capture critical data on individual property expenditures, occupancy rates, project costs and more. All this data can be compiled and utilized in one-off or regularly scheduled reports, allowing CRE owners to stay on top of which assets are weighing down your business’ bottom line for growth and profitability.
Track Trends with Problem Properties
In addition to productivity and profitability after the fact, property management software can help CRE managers identify trends in both individual properties and across portfolio sectors. This “crystal ball” of data and analytics acts as a preventative measure, allowing for sophisticated offloading of properties before they are able to affect your long-term prospects.
Similarly, tracking trends in your portfolio can also help identify your winners; those properties that excel in ROI and provide little in the way of day-to-day expenditure of time, money and energy. Identifying these properties and analyzing their individual characteristics, can help focus CRE owners’ attention on similar targets for potential future transactions. The ability to identify both winners and losers in your CRE portfolio is a complimentary process and aided by the sophisticated reporting and analytical characteristics of property management solutions provided by Quarem.
Advanced Consultant Services for Those in Need of Finer Detail
For those in need of finer-level analysis of trends in their overall portfolio or individual properties, Quarem’s Access is our company’s property management platform that provides CRE managers with expanded advisory services. With Quarem Access, your portfolio has access to customized tools, implemented with the individual needs of your business in mind.
For CRE professionals, heading off risk and getting ahead of potentially money-making trends are essential capabilities to building, maintaining and growing a successful CRE portfolio. If you’d like to find out how Quarem’s property management solutions can help increase your revenue and identify problem properties before they impact your bottom line, call us today for a no-cost initial consultation. Qaurem’s goal is to be more than a software vendor but also your partner in business. Contact us today to find out how our customized software protects and promotes your personal interests.