Mark Sigal’s Post

🌟 Client Testimonial: Jon M., Director of Operations “We rate Yardi Breeze a five-star property management program. Our old systems were outdated and slow. Yardi Breeze’s cloud-based technology and user-friendliness won us over. Onboarding was straightforward, and the support system is top-notch. Features like batch payments and automatic rent charges make it worth every penny. If you manage over 300 units, Yardi Breeze is your go-to!” 🌟 Why Jon chose Yardi Breeze 🌐 Cloud-Based Efficiency: Say goodbye to sluggish VPNs and hello to lightning-fast cloud-based technology. Whether you’re working locally or internationally, Yardi Breeze keeps your speed consistent. 🤝User-Friendly Interface: No more headaches! Yardi Breeze’s simple program is a breeze to use. Train your team effortlessly, and everyone will be familiar with it in no time. 🔗 All-in-One Solution: Yardi Breeze combines accounting and property management seamlessly. It’s like having a Swiss Army knife for property managers! Click the link in comments to watch Jon's full testimonial captured on Capterra. Disclaimer: Individual experiences may vary. Yardi Breeze is not responsible for any sudden urge to dance while managing properties. 💃🏼🏢😄 #PropertyManagement #YardiBreeze #PropTech

Can the real estate segment survive without IT solutions?🤔🏠 The answer is a resounding NO! Technology is the backbone of every successful real estate and property management business today. At Klik Solutions, we specialize in keeping agents, brokers, and property managers focused on what they do best: selling and managing properties.😎 1. Industry Expertise & Software Mastery With our deep knowledge of property management software like Yardi and OneSite, we ensure your finance, accounting, and data reporting needs are met with precision and efficiency. Trust Klik Solutions for fast, secure, and compliant IT solutions tailored to your specific requirements. 2. Optimized Financial Management We understand the unique challenges faced by the real estate sector. That's why we specialize in integrating and optimizing leading finance and accounting software such as Yardi, OneSite, and QuickBooks. Our goal is to streamline your financial operations, ensure accurate tracking, and empower you with the insights needed for informed decision-making. 3. Strong Industry Connections Our strategic partnerships with key vendors in HVAC, Fire Alarm, and Engineering underscore our commitment to the property management and real estate sector. These collaborations enhance our ability to tailor services that meet the industry’s unique needs. Choose Klik Solutions for unparalleled IT and cybersecurity support designed specifically for the real estate and property management industry. Let's keep you ahead of the competition!🚀🔥 https://hubs.la/Q02HFWbK0 #realestate #itforrealestate #it #tech #mssp #managedit

Legally-speaking, redemise is the process of surrendering a leased property back to the landlord upon or before the end of the lease term. This can occur when the lease term expires or a tenant decides to vacate the premises early, often due to changes in business needs or financial circumstances. Why should CRE professionals care about redemise? Understanding this concept can help you navigate lease negotiations and manage your portfolio more effectively.  Yardi Systems offers powerful tools to streamline the redemise process and ensure a smooth transition for both tenants and landlords. Here's how Yardi can help: 💼 Yardi Deal Manager: This deal management solution helps you track and manage tenant negotiations, including redemise agreements, ensuring that all parties are on the same page and the process moves forward smoothly. 📅 The Yardi Elevate product, Lease Manager, allows you to track lease expiration dates, monitor tenant communications, and manage the redemise process from start to finish. 📊 In addition, Yardi Elevate's comprehensive property management platform brings together a complete Asset Management tool with Forecast Manager, Construction Manager and Facility Manager. You’ll gain deep insights into your portfolio's performance; identify potential redemise risks; and proactively address them to minimize vacancy rates and maintain a healthy bottom line. By leveraging these Yardi tools, CRE professionals can effectively manage the redemise process, reduce downtime between tenants, and optimize their portfolios for success.  As always, if you need support for any of the cool Yardi products above, reach out at info@gelbgroup.com, we’d love to hear from you! #TermOfTheWeek #Redemise #CommercialRealEstate #CRE #Proptech #YardiSystems #EfficiencyInCRE

Looking to streamline your real estate offerings? Our new Offering Memorandums Creator is here to make life easier. Build high-quality, professional-grade OMs in minutes, tailored to your property’s needs. From layout design to essential financial data, this tool ensures you focus on what matters—closing deals. Learn more about how it works and how it can enhance your workflow here: https://smpl.is/9r9t2 #CommercialRealEstate #CRETech #RealEstateAnalytics #OfferingMemorandum

🏢 Unlocking Success in Commercial Real Estate with Yardi Optimizing returns from commercial real estate is no easy feat. In today’s competitive landscape, sophistication is key. Investors, lenders, and tenants seek managers who are responsive to evolving business needs. Properties undergo constant change, and managing accounting, compliance, and reporting adds significant complexity, even for smaller firms. Enter Yardi. Built from the ground up, Yardi offers property managers a comprehensive toolset to excel in their roles. Modular in design, Yardi can tackle a single task or orchestrate multiple operations seamlessly. Leveraged effectively, Yardi furnishes businesses with a complete database of their portfolio’s vital details and robust tools for analysis, forecasting, and performance reporting. Ready to elevate your business with Yardi but need guidance? BC Solutions is here to help. Let’s unlock the full potential of your commercial real estate ventures together. Reach out today to discover how Yardi can take your business to the next level. Discover more about Yardi here https://lnkd.in/dr2n_B4T #CommercialRealEstate #Yardi #PropertyManagement

Donald Davidoff wrote an outstanding piece on Multifamily Insiders about CAPs. “It's Time for a Multifamily Connected Analytics Platform (CAP)” “This is the idea that data sourced across multiple transactional software applications and shared across multiple company functional areas transforms decision-making in all facets of operations and asset management. It realizes the goal of “Better decisions, faster.” “But to get the full value of connected analytics, it’s not enough to just have a business intelligence application. It’s also about what to do with the data once you have it. That’s where predictive analytics comes in; and that’s why we need a platform, not a point solution.” His article is a must-read for anyone who owns or manages multi-family properties. Data is everything in our world and I think he’s right, there is a definite need for more quality data usage in multi-family housing. https://lnkd.in/efr-DpVB Take a look and let me know what you think. #RealEstate #RentalMarket #HousingTrends #multifamily https://lnkd.in/egVkuRfa

🏘️ In Real Estate, Many Companies or Individuals Don’t Track the Costs of Maintaining a Property Over the Years—And Miss Out on Knowing Its True Profitability or Cost at the time of Selling. Real estate success isn’t just about purchasing the right property—it’s about making informed decisions at every stage of ownership. This is where accounting becomes your greatest ally: 📊 Hold or Sell? Accurate financial tracking shows whether a property is appreciating in value or becoming a drain on resources. 💸 Renting Smartly: Detailed expense tracking and cash flow analysis reveal whether renting generates the desired returns—or if adjustments are needed. 📈 Strategic Selling: When it’s time to sell, clear insights into profitability and tax implications help you maximize gains. Automation makes this even easier: ✔️ Track property-specific income and expenses in real-time. ✔️ Access dashboards that provide a clear overview of your portfolio. ✔️ Eliminate guesswork—make data-backed decisions effortlessly. Real estate accounting isn’t just about compliance—it’s your roadmap to optimize your investments and scale confidently. Are your numbers empowering your decisions? If not, it might be time to rethink your approach. #RealEstateAccounting #SmartInvesting #AutomationForInvestors #FinancialClarity #DataDrivenDecisions

🏡💻 𝐋𝐨𝐨𝐤𝐢𝐧𝐠 𝐭𝐨 𝐬𝐭𝐫𝐞𝐚𝐦𝐥𝐢𝐧𝐞 𝐲𝐨𝐮𝐫 𝐫𝐞𝐚𝐥 𝐞𝐬𝐭𝐚𝐭𝐞 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬? 𝐂𝐡𝐞𝐜𝐤 𝐨𝐮𝐭 𝐂𝐡𝐨𝐨𝐬𝐢𝐧𝐠 𝐭𝐡𝐞 𝐑𝐢𝐠𝐡𝐭 𝐑𝐞𝐚𝐥 𝐄𝐬𝐭𝐚𝐭𝐞 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞 𝐢𝐧 2024! 📊✨ This comprehensive guide helps you navigate the top features and considerations when selecting software to enhance your property management operations. Make informed decisions to boost your efficiency and success in the real estate market! 👉 𝐑𝐞𝐚𝐝 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐩𝐨𝐬𝐭 𝐨𝐧 𝐨𝐮𝐫 𝐰𝐞𝐛𝐬𝐢𝐭𝐞 𝐡𝐞𝐫𝐞: https://lnkd.in/gfWtnt3r #RealEstate #PropertyManagement #SoftwareSolutions #TechTrends #BusinessGrowth

📚 Term of the Week: Base Year in Gross Leases 🏢 In a gross lease, the landlord agrees to cover a share of the annual property operating expenses, but limits their exposure to an amount equal to the expenses incurred in the first year, or Base Year. 📅💼 The Base Year is the actual operating expenses incurred by the property during the first calendar year of a lease. Once established, this figure becomes the benchmark for future years to determine the tenant's share of excess operating expenses, which the landlord bills to the tenant as recoverable expenses. 💰📊 Yardi Voyager Commercial Clients use the Base Year to calculate the portion of the property operating expenses to bill and recover from their tenants, per their lease agreements. Setting accurate Base Years in Yardi enables precise expense recoveries. 🖥️💡 10 Ways to Optimize Base Year in Yardi: 1. Update the Base Year after free rent to capture true increased costs. 📈 2. Standardize Base Year calculation methodology across all leases. 📋 3. Reset the Base Year at lease renewal to reflect current operating expenses. 🔄 4. Ensure lease terms clearly define the Base Year calculation. 📝 5. Double check data entry for accuracy. 🔍 6. Validate CAM pools to ensure they match the cost recovery terms outlined in leases. ✅ 7. Review the recovery setup annually, even without lease activity. 🗓️ 8. Maintain an audit trail on any Base Year changes. 🕵️♀️ 9. Align the software settings to the lease terms for precision. ⚙️ 10. Document the recovery procedures to ensure consistency. 📘 Focusing on these best practices will help Yardi users maximize recovery revenue, minimize disputes, demonstrate compliance, and optimize the overall recovery billing process. 💪💼 Want to learn more or need assistance? Reach out anytime at info@gelbgroup.com with "Base Year" in the subject line. #TermOfTheWeek #Yardi #PropTech #CommercialRealEstate #BaseYear

FIVE PROPERTY MANAGEMENT SYSTEMS TO ELEVATE YOUR PROPERTY MANAGEMENT GAME. It's imperative that property managers are proficient at using the right tools to streamline operations and maximize efficiency in today’s fast-paced property management industry. A good Property Management System (PMS) can make all the difference! Follow me as I take you through the Top 5 Property Management Systems that every property manager, who wants to provide exceptional service, should consider: 📍AppFolio Property Manager: AppFolio stands out for its user-friendly interface, robust accounting features, and automated rent collection. It’s a perfect option for residential, commercial, and even community association management. 📍Buildium: Buildium offers an all-in-one platform that supports leasing, maintenance tracking, and property accounting. Its intuitive tenant and owner portals foster seamless communication and operations. 📍Yardi Voyager: Yardi Voyager is a complete cloud-based solution with advanced property and financial management tools. It’s ideal for large-scale operations and integrates everything from leasing to tenant services, all in one place. 📍TenantCloud: TenantCloud is also a cloud-based solution but it’s great for smaller landlords or property managers looking for a free, yet powerful system. It offers rent collection, maintenance tracking, and even marketing tools that help fill vacancies faster. 📍Rentec Direct: Rentec Direct is another top choice for property managers looking to simplify day-to-day tasks. It's perfect for residential and commercial properties with features like tenant screening, expense tracking, and financial reporting. Cloud-based PMS is my most preferred because it allows me to access data and manage properties from anywhere.😊 💡 Vital Tip: When deciding which Property Management System to use, it’s best to consider your business size, portfolio type, and specific needs. The right system for you should enhance efficiency, reduce errors, and provide a seamless experience for you and your tenants. Have you used any of these systems before or another one similar to them? Share your experience in the comments below! 👇 #PropertyManagement #PMS #RealEstateTools #Efficiency #TechInProperty #RealEstate #RealEstateTips #AiCED #AiCED2024 #ALX_AI PS: I made this short video with AI. It depicts a beautiful Property Management Professional acing her job using Property Management Systems.😊