How Has the Smartphone Revolutionized Lease Administration Software?

 July 10, 2018

By  Guy Gray

Ahh, the smartphone. It’s a go-to distraction for many of us, whether we’re standing in line for that double mocha macchiato at 7 a.m. in the morning or caught in an awkward conversation with a colleague right before we head home at the end of the day. More than 77% of Americans own a smartphone, so it’s no surprise that it’s revolutionized the way we live our lives.

Commercial real estate is no different, as the software CRE professionals use has been greatly affected by the advances in mobile technology. Here are just a couple ways the smartphone has revolutionized lease administration software.

Mobility and Convenience Are King

Commercial real estate professionals are busy people. Smartphones complement your on-the-go lifestyle, so it only makes sense that lease administration software should do the same. Here are a few ways CRE software works with your smartphone to make your life easier:

  • Data in the cloud: Since CRE software like Quarem utilizes cloud-based technology, you can access your data even if you’re not at the office. This wouldn’t have been possible in the days before smartphones.
  • Client communication: You don’t just have one client; you have multiple clients with multiple needs. So if you’re on location hundreds of miles away, you can still check on details related to your lease administration (instead of putting them on hold until you’re in front of your computer).
  • Critical date tracking: Since you’re on the go so much, it can be easy to miss critical dates or upcoming appointments. Lease administration software takes this into account, letting you track everything from lease expirations and renewal options to rent bumps and insurance coverage — and receive customized alerts for each.

Of course, what good is mobility and convenience if it isn’t secure? Fortunately, lease administration software like Quarem takes this into account, even if you’re using it on a smartphone.

Security Has Become a Priority

Data breaches are all over the news these days, so it’s only natural that CRE professionals would have concerns regarding the security of data they’re accessing via a smartphone. The truth is, data pirates have been around well before CRE professionals began using smartphones to access data. Instead of focusing on the threat, focus on the security solutions that lease administration offers. You’ll likely find that security is better than it was before.

Even though data from CRE software like Quarem is available on a cloud-based system, only those with appropriate permissions can access it. Additionally, any files sent are encrypted through a variety of methods so they aren’t compromised. When you compare both of these processes to the manual data access and transfer methods of the past, you’ll undoubtedly have extra peace of mind about the security of the portfolio data you’re accessing when you’re on the go.

Yes, the smartphone revolutionized lease administration software, but you can take advantage of it to make your life is a CRE professional easier. To learn more, contact us today.

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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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