Insights

How AI is Transforming Property Management in Australia: Key Factors to Consider in Property Management Software

October 8, 2024

In today’s fast-paced real estate industry, property managers face increasing complexity in handling leases, subleases, variations, options, and surrenders while managing overall revenue and expenses. [...]

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Commercial Property Management Careers and the Role of AI

October 8, 2024

Are you looking to advance your career in commercial real estate or refine your skills in managing leased properties? With the rapid rise of AI technology, commercial property management is transforming and reshaping the industry. Whether you're just starting out or already working in the field, understanding how AI impacts property management is critical to staying competitive. [...]

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How voice commands linked to AI-powered negotiation tools will shape the future of property management

July 30, 2024

The rapid advancement of artificial intelligence (AI) is revolutionising numerous industries, and property management is no exception. One of the most promising innovations in this field is the integration of voice commands with AI-powered negotiation tools. [...]

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Understanding the Impact of Using Different CPI References in Lease Reviews and How AI-powered Lease Abstraction can mitigate costly mistakes

July 2, 2024

Rent reviews based on the Consumer Price Index (CPI) are common in commercial leases. However, the specific CPI reference and timing can significantly impact the calculated rent adjustments. [...]

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Why Commercial Lease Management Software is Critical for Lessees

July 2, 2024

Commercial and retail leasing has grown exponentially in complexity as the business world has changed dramatically in recent years. Due to three main drivers, managing leases from a lessee’s perspective has become impossible with simple spreadsheets. [...]

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Eliminate Errors with AI-powered Lease Abstraction Software in Australia

June 17, 2024

In Australia and globally, research indicates that approximately 1.3% of commercial leases are either over or undercharged, caused by human error in manual abstraction. [...]

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Recover excess rent charges through AI-enabled, risk-free audit review

June 17, 2024

Commercial leases often face overcharges, affecting an estimated 1.3% of all leases. A rent roll of $25 million translates to approximately $325,000 in lost income annually. [...]

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How AI can Produce Quicker & More Accurate Lease Abstraction

February 28, 2022

Accurate and timely lease abstraction is critical for many types of organisations; from retailers and occupiers wanting to manage their leased portfolios, to landlords and property managers seeking to ensure their obligations are met, and accountants and lawyers trying to deliver for their clients. [...]

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What is AASB 1060 and What Does it Mean for your Business?

January 28, 2022

New AASB 1060 standards were issued in March 2020 by the Australian Accounting Standards Board (AASB) to come into effect from periods beginning on or after 1 July 2021 (years ending 30 June 2022 and onwards). [...]

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Lease Audits – A Key Risk Management Tool

July 26, 2021

In this blog post we will explore lease audits and how they are a key risk management tool for any business with a commercial lease portfolio, big or small. [...]

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