Most commercial leases include Common Area Maintenance expenses. This means at least annually, you must complete CAM reconciliation.
Today, we are comparing STRATAFOLIO to a property management software called AppFolio.
For many commercial real estate businesses, the common area maintenance (CAM) reconciliation process could use some work.
Automation in commercial real estate businesses is crucial for efficiency and lowering overall costs.
A good chart of accounts is the foundation for good record keeping. This is true for all industries, including commercial real estate.
Common area maintenance charges (usually abbreviated to CAM) are often a part of a commercial lease.
Creating a well-written, well organized commercial lease will save you time and a whole lot of hassle.
Whether you already have some knowledge about NNN leases or lease escalations or it’s a new topic for you, we hope you’ll learn something from our 3-part series on lease escalations! This is Part 1. Stay tuned for the rest of the series!
Once you have identified a commercial real estate asset to purchase, the due diligence period begins. Verification begins with everything, including taxes, insurance, and common area maintenance (CAM). During the due diligence period, you have a set amount of time to complete any investigations planned. Use this time wisely and leave no stone unturned. You […]