One size does not fit all. Re-Leased has a comprehensive platform designed for your specific business needs. Choose a solution to find out more.
The modern solution for property owners — family offices, investors, REITS and private landlords.
Leading trust accounting and commercial property management for third-party property managers.
Solving property management for those who own or occupy property as commercial tenants.
Designed to provide flexibility for property owners. Connect to your accounting platform of choice — Xero, Sage Intacct, QuickBooks and more.
Modern trust accounting purpose-built for third-party property managers and agencies.
Powerful access to our robust APIs to connect to your mission-critical business apps.
Everything from industry trends and interviews to product releases and events. Explore your CRE hub.
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By Samuel Caulton, Re-Leased CFO, first published in UKPA Every so often, the commercial real estate sector witnesses a paradigm shift. In the past, this shift was driven by data and digitisation.
We take great pride in our alliance with the Real Estate Institute of Australia, sharing a common commitment to enriching the commercial real estate sector through Project CRE. Together, we aim to promote growth through advocacy, sharing insights, education, and transformative initiatives.
We recently launched our first Re-Leased Commercial Property Manager Month with immense enthusiasm to honour the dedicated individuals who drive positive change in the world of commercial property management.
In this episode of the Market Lens Podcast, Tom Wallace, CEO of Re-Leased, and Andrew Knight, Global Data & Tech Lead at RICS, look at how some commercial landlords are adopting innovative approaches to ensure demand for spaceswhile others are being left behind. They also discuss the impact of shortening lease lengths in the UK office sector on valuations and how to approach adaptive reuse.
In this episode of the Market Lens Podcast, Tom Wallace, CEO of Re-Leased and Laurence Hart from Macquarie Business Bank shed light on the declining length of office leases in Australia, delving into the factors behind this trend and its impact on the market.
As the world continues to grapple with the ongoing pandemic, one thing that has become clear is that our normal patterns of behaviour have been drastically altered. One area that has seen a significant shift is where we choose to call home.
The commercial property industry is facing a new era driven by smart software and real-time insights. It’s no surprise that technology adoption is growing among commercial property management organisations and investors, and this is a telling sign of a shifting mindset.
Congratulations, you’ve decided on a new property management software to boost your commercial real estate company’s performance! But before you start seeing the benefits, you’ll need to get the system setup and running. This process can have many names – implementation, onboarding, migration – and it can be an unknown if you’ve never gone through it before. The ideal scenario after you’ve purchased your software is that the implementation runs smoothly, you get to learn the ins and outs of the platform, and then you’re ready to hit your target go-live date. In this blog, we’ll outline 4 steps to get your company ready for the move and get up and running without any headaches. If you haven’t quite settled on your new software of choice, read through our guide to selecting the best platform for your company here. Understand what’s involved in the implementation Firstly, it’s important to know you will have to commit time and effort to the project during implementation. Having someone in your office who will own this on your end is key. They will act as the bridge between the software provider’s implementation specialists and your team. There will typically be a kickoff call with the software provider and this is where they will outline what will happen each week and the training sessions that will take place. A standard implementation can take three months, so having buy-in from your team is critical to keeping the momentum going as you progress through the onboarding. Working together with your software provider and asking for transparency in each stage, helps to stay on top of the implementation. While some companies might be looking for a quick fix when it comes to bringing on new software, the reality is that you have to be prepared to commit to learning and understanding a new system to get the full benefits. Clean up your data One of the main questions companies have when moving to a new system is, ‘What should I do with my data before migrating it?’ The simple answer is to clean it up by making sure everything is correct and up to date. Often, businesses are not as vigilant as they should be in ensuring data accuracy. But, once again, putting the effort in before making the move will streamline your data migration and the overall implementation. Important data to check and update: Inspections and maintenance tasks that need to be closed off Reviewing owner and tenant profiles - name, contact number Rent reviews and lease renewal dates Outstanding invoices that need to be paid Check your whole database - have you got information in there that you don’t need? Attend the training sessions No one expects you to become an expert on a property management system straight away. That’s why it’s essential to attend the training sessions and get familiar with how the different features, workflows and dashboards work. These are some of the typical sessions you will have with your provider: Introduction to core features and functions Property management functions Tenancy management functions Expense recovery Trust Accounting functions Before or after these sessions, your software provide might also direct you to their Knowledge Base or Help Centre which will have articles and videos with comprehensive step-by-step guides on how to use specific features. The Knowledge Base is a valuable resource that should be taken full advantage of to help speed up your learning. Inform your clients, tenants and owners of the change While you would have communicated the system change with your staff internally, it’s just as important to notify your clients, tenants and owners. This is a great opportunity to reach out to your clients and let them know all of the benefits they’ll now experience with the new software, such as access to a mobile app or online portal, or greater visibility of a property’s performance. Keeping clients updated avoids any surprises on their end when they see some of these changes. Going live Reaching the end of your implementation should mean you are ready to go live with your new software. But don’t fret that you’ll be left on your own, the implementation team will be on-hand for that first month while you get fully acquainted with the system. After that, you’ll have access to the customer support team who will be your port of call for any issues, guidance, or questions you may have as you start a new chapter. Check out our in-depth guide for more tips and insights on streamlining the implementation process so you go live in time for the new fiscal year. Get the guide
It is important to understand where we have come from, to reflect on the lessons we can learn. Luca Pacioli is often referred to as the father of accounting and has been credited as the creator of double entry accounting. Whilst these principles have formed the foundations of the profession over the last few hundred years, the advent of new technology has challenged the normalities of accounting and in fact, all professions.
It’s a popular wrinkle that’s steering conversations among the world’s best property investors – is it worth outsourcing property management of an owned portfolio? Traditionally, there wasn’t the tools available for landlords who wanted to manage their own portfolio. But it’s very different nowadays – there are many commercial property management tools available that are built for today’s professionals. Good commercial property management software should be built for both agencies and landlords – today's tools need to cater for how commercial property professionals run their businesses as modern operators.
Bringing your commercial property business into the modern age requires solid investment, both in time and in finances in order to develop (and execute) on a strategy that’s truly tech-first. We’re in the era of information mobility, where access anywhere at anytime is no longer a commercial property luxury but now a non-negotiable necessity. This is where the entrance of mobile technology has made such a profound impact on the CRE industry.
Next time you’re commuting to work or walking back from your morning coffee run take a minute to pay attention to how many people have their head down. There are a lot of them. And chances are they're not reading the paper – they're scrolling, swiping, clicking and consuming.
Commercial property is a complex investment at the best of times. But when disaster strikes, commercial landlords have to deal with the challenges associated with things such as vacant buildings, and from that point on it's a think-quick approach to move forward to reap the rewards of the asset. Vacant buildings pose a multitude of risks and are one of the biggest commercial property insurance challenges that exist, and this continues to force landlords to invest in safeguards to protect their assets.
Shopping around for the right software solution to fit your business can be a challenging task.
There are two choices for any business looking to automate their workflow with software platforms, it’s either server-based software or cloud software. But what sets the two apart?