A Few of us here at Total Management attended the Cleveland Development Summit on Friday June 12th. Cleveland is emerging as an international center for healthcare, politics, business, andentertainment. Continue reading
Oh, Excel. Look at you with your hundreds of columns and fancy mathematical equations. Why do you look so professional when really you’re making property managers’ lives hell?
It’s because Excel was not made for trust accounting. In fact, it’s probably costing you time and increasing your stress-related computer rage. You might justify using spreadsheets because you only have a small rent roll, or because it’s what your predecessors used, or because you think that using software would be costly and just not worth it. So why is Excel so bad for your business?
Excel is not an intuitive system
While it’s great for manually typing data into tiny rectangles, spreadsheets are not made for automatically generating invoices that you can print or email your tenants, owners or suppliers. Due to the lack of a central database with multiple components, Continue reading
Here in Cleveland it seems that a new apartment building is popping up every week. You see new “Now Leasing” signs posted on the curb side, new banners hanging on the side of buildings, ads popping up on google for the “New hot place to live”, or “Luxury loft living”. You even see advertisements for apartments while watching your favorite sporting teams.
According to a study done by economist Stephen S. Fuller, PH.D of George Mason University Center for Regional Analysis, the number of apartment residents is growing. It went from 36 million in 2013 to 37 million today. In just 2 years it has grown by 1 million residents. This is great news, as it has added roughly 190.7
billion Continue reading
Common Area Maintenance (CAM) charges are one of the net charges billed to tenants in a commercial leases, and are paid by tenants to the landlord of commercial properties. A CAM charge is an additional rent, charged on top of base rent, and is mainly composed of maintenance fees for work performed Continue reading