REALEXPLAN
How to Save Money When Managing Real Estate Leases. 10 Ideas for Saving Money
Published on Monday, 18 November 2013 08:19:18
Written by Marc
Of all the important tasks that real estate managers face on a daily basis, it would probably be fair to say that finding ways to save money probably ranks pretty high on the list. If your company leases sites for its operations and your job is to manage these leases, chances are that your responsibilities also include finding ways to save money for the company. Few departments do not have ‘saving money’ somewhere in their objectives these days and the real estate department is no exception.
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Does Your Landlord Have His Cake and Yours?
Published on Friday, 15 November 2013 09:55:33
Written by Marc
We often talk on our blog about things to remember when entering into a lease. Although managing leases can seem straightforward to many, for people who are in the field day in and day out negotiating leases and managing real estate portfolios for companies and organizations, the work is often much more technical that outsiders would think.
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Plan Your Restorations in Advance
Published on Friday, 8 November 2013 11:35:21
Written by Marc
When moving out of a site, it is good to have a restoration checklist of what to do before you can exit the site. While this might sound obvious, simply of a lease with restoration clauses, you will have the legal obligation to restore the lease site at the end of your lease. However, many companies fail to plan these restorations ahead and wait for the last minute to start the planning of the restorations, only to find out that the restoration work will take longer than planned. They also might find themselves having to pay an extra month or two of rent on an empty site, simply because the restoration work extends beyond the lease. Having a restoration plan, with a checklist of things to do, and who to contact well in advance will help. Yes, most of the time, it becomes project management but it does not always have to be so complicated.
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The Fine Line Between Normal and Capital Expenses
Published on Thursday, 31 October 2013 10:08:24
Written by Marc
Ever had a situation where you were scratching your head wondering if the expense you were making was a normal expense or a capital expense? You are not alone. This is something that happens more often than you might think. Why is that? If each expense has its own set of rules and definition, there should never be a situation, in theory, where you would find yourself wondering if you need to capitalize and amortize something or if you can expense it right away. Unfortunately, it is not always so easy. In the past 20 some years, I must have had this conversation dozens of times with colleagues of mine.
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Conducting Risk and Reward Analysis For Subleases
Published on Monday, 28 October 2013 10:08:26
Written by Marc
If your company or organization has a number of sites that you lease, you probably came at one point to a decision that you needed to sublease some space. Most companies that lease real estate space, whether it is for office, warehousing, or manufacturing purposes, come to this conclusion at some point, “A site or space needs to be sublet.”
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