Real estate tips and trends

With the whole world moving “online” it seems, maintaining data on your own internal computer servers is fast becoming yesterday’s solution. SaaS (Software as a Service) is the way that most businesses are now moving. This is where the software provider also “hosts” your data, in addition to providing the base code and processing power that drives the software solution. As the threat of sophisticated cyber-attacks grows, knowing that your data security is taken care of by a trusted partner, means you can focus your time and resources on your core business.

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There are several factors to consider when you are planning to move software platforms. Particularly if the software in question is key to your business daily operation and profitability. One of the most common mistakes is starting the process too late and trying "shoe horn" to in all of the precursor work, which often determines whether the transition is smooth or otherwise.

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Conducted in December 2021, our survey captured the views of business owners, principals, licensees, and CFO/CEOs from around Australia. This includes a broad cross-section of businesses, including franchises and independents, and both small and large businesses. The purpose of the survey was to get a comprehensive overview of the commercial real estate industry in Australia, as it has changed through 2021 and into 2022.

With the flexibility and efficiency being created by new "cloud-based" software platforms, many commercial property professionals are keen to gain business benefits but are concerned about the short-term problems that might be created in the changeover.

Many smaller commercial agents have made do with software built for the residential market, usually because the price point to get into a more sophisticated solution was often considered too high. At Rex Cirrus8, we are working to change that perception by offering a cost-effective – but powerful and flexible platform for commercial agencies of all sizes.

In a world where technology and automation are becoming an absolute necessity in everything we do, when is it simply too much? At Rex Cirrus8, we have a strong understanding of the agent – landlord dynamic, where property owners expect their assets to be professionally managed, with few, if any mistakes.

Think back to when Commercial Property Management involved being tied to the desk, completing monotonous, low value-adding, administrative tasks. The casualty being time to cultivate your relationship with your Owners...

There are several factors to consider when you are planning to move software platforms. Particularly if the software in question is key to your business daily operation and profitability. One of the most common mistakes is starting the process too late and trying "shoe horn" to in all of the precursor work, which often determines whether the transition is smooth or otherwise.

It is a fast paced world we live and work in. Not a week goes by when we’re not shown some advance in robotic technology, consumer advantage, a new app to save lives, or more. This digital disruption, how technology is changing our lives, impacts upon all levels of the industry. And yes, it has an impact upon the Commercial Real Estate Industry.

Having supported Commercial Property Managers for over a decade through a trust accounting business, I thought there would be value in identifying some of the most common areas where mistakes have been found.

For the uninitiated, variable outgoings (VOs), also called operating expenses, outgoings or common area maintenance (CAM) as they are called in the US, are charges to a tenant that are recoverable as per their lease agreement. They relate to general or common area costs incurred in operating, repairing or maintaining a property.

Globalisation is loosely defined as the exchange of goods or services between countries. This has been happening for many decades now, however, it has gone through a number of different phases. With the recent rapid advancement in technology, a new group of services can be delivered from offshore.