<?xml version="1.0" encoding="UTF-8" ?><!-- generator=Zoho Sites --><rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:content="http://purl.org/rss/1.0/modules/content/"><channel><atom:link href="https://www.kriyago.com/blogs/tag/real-estate/feed" rel="self" type="application/rss+xml"/><title>KriyaGo - Blog #real estate</title><description>KriyaGo - Blog #real estate</description><link>https://www.kriyago.com/blogs/tag/real-estate</link><lastBuildDate>Tue, 21 Apr 2026 18:45:25 -0700</lastBuildDate><generator>http://zoho.com/sites/</generator><item><title><![CDATA[Smart Buildings, Dumb Finance: Connecting IoT to P&L | KriyaGo]]></title><link>https://www.kriyago.com/blogs/post/smart-buildings-dumb-finance-connecting-iot-to-p-l-kriyago</link><description><![CDATA[<img align="left" hspace="5" src="https://www.kriyago.com/Smart-Buildings-Dumb-Finance-Connecting-IoT-Sensors-to-Your-P-L_Squr.jpg"/>Smart buildings generate massive IoT data, but finance can’t use it. Learn how connecting sensors to P&L unlocks ROI, ESG, and NOI insights.]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div data-element-id="elm_sEE3tTxORfO2yjjZtJgNPQ" data-element-type="section" class="zpsection "><style type="text/css"></style><div class="zpcontainer-fluid zpcontainer"><div data-element-id="elm_zfdUUJM_T1mQahqilxPMQw" data-element-type="row" class="zprow zprow-container zpalign-items- zpjustify-content- " data-equal-column=""><style type="text/css"></style><div data-element-id="elm_P3i3QH2VQ26ZX584B-nk5w" data-element-type="column" class="zpelem-col zpcol-12 zpcol-md-12 zpcol-sm-12 zpalign-self- "><style type="text/css"></style><div data-element-id="elm_B2pewTihAmM0Vj6CjCck6Q" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_B2pewTihAmM0Vj6CjCck6Q"] .zpimage-container figure img { width: 1110px ; height: 237.61px ; } } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="left" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-left zpimage-tablet-align-center zpimage-mobile-align-center zpimage-size-fit zpimage-tablet-fallback-fit zpimage-mobile-fallback-fit hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/Smart-Buildings-Dumb-Finance-Connecting-IoT-Sensors-to-Your-P-L-Rect.jpg" size="fit" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_wUSzwu4nQyGBmbA_ytPx6A" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-left zptext-align-mobile-center zptext-align-tablet-center " data-editor="true"><p></p><div><p style="margin-bottom:12pt;"><span>The Edge in Amsterdam has 28,000 sensors. It knows when you arrive, adjusts lighting to your preferences, optimizes HVAC based on occupancy patterns, and tracks energy consumption at the individual workstation level. It's been called the smartest building in the world.</span></p><p style="margin-bottom:12pt;"><span></span></p><div><p style="margin-bottom:12pt;"><span>But here's the question nobody's asking: can the CFO connect any of that sensor data to the building's financial performance?</span></p></div><p></p></div><p></p></div>
</div><div data-element-id="elm_61Ke8TBYbxTW4vALwX0eyA" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span><span><span><span>The IoT Explosion in Commercial Real Estate</span></span></span></span></h2></div>
<div data-element-id="elm_RPGsxUgR0JlckPPsjT2P_g" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><p></p><div><p style="margin-bottom:12pt;"><span>The numbers are staggering. Gartner predicts more than 4 billion connected IoT devices in commercial smart buildings by 2028. JLL reports that smart building technology investments have grown 30% annually over the past five years. Deloitte's <a href="https://www.deloitte.com/us/en/services/consulting/services/smart-buildings-solutions.html"><span style="text-decoration-line:underline;color:rgb(48, 4, 234);">Smart Buildings Solutions practice</span></a> describes modern buildings as &quot;living systems equipped with sensors and AI-driven capabilities that boost efficiencies, effectiveness, safety, and the user experience.&quot;</span></p><p style="margin-bottom:12pt;"><span>Property owners and operators are investing heavily in this technology. Occupancy sensors optimize space utilization. Environmental monitors track air quality and temperature. Energy meters capture consumption at granular levels. Predictive maintenance systems monitor equipment health. Digital twins create virtual replicas of physical assets.</span></p><p style="margin-bottom:12pt;"><span>The operational benefits are real. Buildings with comprehensive IoT deployments report energy savings of 20-30%, reduced maintenance costs, and improved tenant satisfaction scores. Technology works.</span></p></div><p></p></div>
</div><div data-element-id="elm_VBVwG15gwtXv6zWMUy8Qdg" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span><span><span><span>The Financial Disconnect</span></span></span></span></h2></div>
<div data-element-id="elm_rb8PTHqzGg4bXc3ICBs71w" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><p></p><div><p style="margin-bottom:12pt;"><span>But there's a problem. All of this sensor data lives in building management systems, IoT platforms, and operational dashboards, completely disconnected from financial systems. The facilities team knows that Building A consumed 15% less energy this quarter. The finance team sees a utility expense line item in Yardi or MRI. Nobody can easily connect the two.</span></p><p style="margin-bottom:12pt;"><span>This disconnect creates real business challenges. When the CFO asks, &quot;What's the ROI on our smart building investment?&quot; the answer requires manual data gathering from multiple systems, spreadsheet gymnastics, and assumptions that may or may not reflect reality. When investors want to understand how ESG initiatives affect NOI, the analysis takes weeks rather than minutes.</span></p><p style="margin-bottom:12pt;"><span></span></p><div><p style="margin-bottom:12pt;"><span>McKinsey's research on smart building adoption found that while 90% of real estate executives believe IoT will transform their industry, fewer than 20% have successfully connected operational technology data to financial outcomes. The sensors are smart. The finance systems are robust. But they don't speak the same language.</span></p></div><p></p></div><p></p></div>
</div><div data-element-id="elm_BAFnXx1h6eqpS2aXUlVZ8Q" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span><span><span><span>The Missing Translation Layer</span></span></span></span></h2></div>
<div data-element-id="elm_AMfgLcu_PzRSlM3YDdjoGg" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><p></p><div><p style="margin-bottom:12pt;"><span>The challenge isn't technical capability, it's architectural. IoT platforms generate time-series data: temperature readings every five minutes, occupancy counts every hour, energy consumption in 15-minute intervals. Financial systems work with transactional data: monthly utility invoices, quarterly operating expenses, and annual capital budgets.</span></p><p style="margin-bottom:12pt;"><span>Connecting these worlds requires more than an API call. It requires intelligent aggregation, rolling up millions of sensor readings into financially meaningful metrics. It requires normalization, converting kilowatt-hours into dollars and occupancy percentages into revenue per square foot. It requires attribution, allocating shared building costs to individual tenants or business units based on actual usage patterns.</span></p><p style="margin-bottom:12pt;"><span>This is middleware work. Purpose-built integration that understands both the operational language of building management systems and the financial language of real estate ERPs. Without it, smart buildings generate impressive dashboards that never reach the boardroom.</span></p></div><p></p></div>
</div><div data-element-id="elm_mOw0iikP2OZYpzq2ntN0Uw" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span><span><span><span>From Data to Decisions</span></span></span></span></h2></div>
<div data-element-id="elm_V7Nlu_L1BbQ-lVS5ftYVQw" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><p></p><div><p style="margin-bottom:12pt;"><span>When IoT data flows into financial systems, new capabilities emerge. Energy consumption patterns inform utility accruals with unprecedented accuracy. Occupancy data drives more precise CAM reconciliations. Equipment runtime hours trigger depreciation adjustments and maintenance reserves. Tenant comfort metrics become variables in lease renewal models.</span></p><p style="margin-bottom:12pt;"><span>Consider a practical example. Your building management system indicates that the HVAC equipment in Building C is operating 40% higher than comparable assets. Without financial integration, this is an operational data point. Economic integration automatically triggers a variance flag in your maintenance budget, updates your capital planning model to reflect potential replacement timing, and adjusts your property NOI forecast.</span></p><p style="margin-bottom:12pt;"><span>CBRE's research on brilliant building ROI emphasizes that value realization depends on &quot;closing the loop between operational improvements and financial performance.&quot; The technology that closes that loop is integration infrastructure, not more sensors.</span></p></div><p></p></div>
</div><div data-element-id="elm_LErXDxZhmGIiDfQxsXzQvg" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span><span><span><span>The ESG Imperative</span></span></span></span></h2></div>
<div data-element-id="elm_XtmeEGAfHITAyNKhqCpB9Q" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><p></p><div><p style="margin-bottom:12pt;"><span>The stakes are rising. With CSRD, SEC climate rules, and building performance standards tightening globally, organizations need auditable connections between operational data and financial reporting. When regulators ask how you calculated your Scope 2 emissions, &quot;we pulled data from the BMS and put it in a spreadsheet&quot; isn't a defensible answer.</span></p><p style="margin-bottom:12pt;"><span>Smart building infrastructure generates the source data for ESG compliance. Financial systems produce reports that satisfy regulators and investors. The integration layer between them creates the documented, traceable data lineage that auditors require. Without it, organizations face either compliance risk or enormous manual effort to bridge the gap.</span></p></div><p></p></div>
</div><div data-element-id="elm_pruiMCPMPpjJFfNncYpL5A" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span><span><span><span>Making Smart Buildings Financially Intelligent</span></span></span></span></h2></div>
<div data-element-id="elm_YLbqyQs3CHW2p9BUtOOo6g" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><p></p><div><p style="margin-bottom:12pt;"><span>At KriyaGo, we build the integration infrastructure that connects operational technology to financial systems. Our <a href="https://www.kriyago.com/connect-360-1"><span style="text-decoration-line:underline;color:rgb(48, 4, 234);">Connect 360 platform</span></a> bridges building management systems, IoT platforms, and energy monitoring tools to Yardi, MRI, and the broader real estate financial ecosystem. We handle the aggregation, normalization, and attribution that transform sensor data into financial intelligence.</span></p><p style="margin-bottom:12pt;"><span>With over 120 proprietary integration assets purpose-built for real estate, we understand both sides of the conversation, the operational language of smart buildings and the financial language of property management. We automatically translate between them continuously and at scale.</span></p><p style="margin-bottom:18pt;"><strong>Your buildings are getting smarter every day. It's time your financial systems caught up.</strong></p></div><p></p></div>
</div><div data-element-id="elm_w8cc2HeDwlTH9TkXJzfrVA" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span style="font-size:20px;"><b>Ready to connect your smart building data to financial outcomes?</b></span><span><span></span></span></h2></div>
<div data-element-id="elm_REtl4lnOOBO5mxZqMwwasg" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><p></p><div><p style="margin-bottom:12pt;">See how <strong>KriyaGo </strong>bridges IoT platforms and real estate ERPs. <span style="text-decoration-line:underline;color:rgb(48, 4, 234);"><a href="/contact-us" title="Request a demo" rel="">Request a demo</a></span> to explore our innovative building integration solutions.</p></div><p></p></div>
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</div></div></div></div></div></div> ]]></content:encoded><pubDate>Wed, 24 Dec 2025 07:19:33 -0500</pubDate></item><item><title><![CDATA[The Last Mile of Real Estate AI: Why Clean Data Matters | KriyaGo]]></title><link>https://www.kriyago.com/blogs/post/the-last-mile-of-real-estate-ai-why-clean-data-matters-kriyago</link><description><![CDATA[<img align="left" hspace="5" src="https://www.kriyago.com/The-Last-Mile-of-Real-Estate-AI-Why-Your-Model-is-Starving-for-Clean-Data-Squr.jpg"/>AI in real estate fails without clean, connected data. Discover why the “last mile” of data preparation is the key to scalable analytics and AI success.]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div data-element-id="elm_JzrKuGdGQ7yMWne85Zcgsg" data-element-type="section" class="zpsection "><style type="text/css"></style><div class="zpcontainer-fluid zpcontainer"><div data-element-id="elm_Puej3Rh8TLmQGh5WwnMW0w" data-element-type="row" class="zprow zprow-container zpalign-items- zpjustify-content- " data-equal-column=""><style type="text/css"></style><div data-element-id="elm_j0EDBkxBQUKqfekqW78--w" data-element-type="column" class="zpelem-col zpcol-12 zpcol-md-12 zpcol-sm-12 zpalign-self- "><style type="text/css"></style><div data-element-id="elm_2ikGK7fjELz3n6klbwCkFQ" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_2ikGK7fjELz3n6klbwCkFQ"] .zpimage-container figure img { width: 1110px ; height: 237.61px ; } } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="left" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-left zpimage-tablet-align-center zpimage-mobile-align-center zpimage-size-fit zpimage-tablet-fallback-fit zpimage-mobile-fallback-fit hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/The-Last-Mile-of-Real-Estate-AI-Why-Your-Model-is-Starving-for-Clean-Data-Rect.jpg" size="fit" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_-KjWsVHoQI6iUTX7SwRvnw" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-left zptext-align-mobile-center zptext-align-tablet-center " data-editor="true"><p></p><div><p style="margin-bottom:12pt;"><span>The commercial real estate industry is pouring billions into artificial intelligence. Predictive analytics for tenant retention. Machine learning models for asset valuation. Natural language processing for lease abstraction. The technology is extraordinary and yet, for a striking number of organizations, it's delivering a fraction of its potential.</span></p><p style="margin-bottom:12pt;"><span>The problem isn't the AI. It's what you're feeding it.</span></p></div><p></p></div>
</div><div data-element-id="elm_flCWJifWn5g5_n7VbHg4Rw" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span><span>The Data Readiness Gap</span></span></h2></div>
<div data-element-id="elm_aZ37lWqoqXmY_LliizfdoA" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><p></p><div><p style="margin-bottom:12pt;"><span>Recent industry research paints a sobering picture. According to <i>Deloitte's 2025 Commercial Real Estate Outlook</i>, preparing data for AI systems remains the single most significant barrier to adoption. While the report highlights growing optimism about AI's transformative potential, it also reveals that most real estate organizations struggle with a fundamental challenge: their data isn't ready.</span></p><p style="margin-bottom:12pt;"><span>This isn't a technology problem; it's an infrastructure problem. Property data lives in dozens of disconnected systems: Yardi for property management, separate platforms for construction, different tools for financial planning, spreadsheets for everything in between. Each system uses its own formats, naming conventions, and logic. When you try to feed this fragmented data into an AI model, you're asking a gourmet chef to cook with ingredients that haven't been washed, sorted, or even correctly identified.</span></p></div><p></p></div>
</div><div data-element-id="elm_QwNVGxw7qd8DBjH9Cnychw" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true">Why the '<strong>Last Mile</strong>' Matters Most<span><span></span></span></h2></div>
<div data-element-id="elm_mAOYYexcTPP-fXPAc4kayQ" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><p></p><div><p style="margin-bottom:12pt;"><span>In logistics, the &quot;last mile&quot; refers to the final leg of delivery, often the most expensive and complex part of the entire supply chain. In real estate AI, the last mile is data preparation: the unglamorous work of extracting, normalizing, validating, and connecting data before it ever reaches your analytics platform.</span></p><p style="margin-bottom:12pt;"><span>Consider what happens when a global portfolio owner wants to run predictive maintenance analytics across 200 properties. Those properties might use five different property management systems across three continents. Maintenance records are formatted differently in each. Some use metric measurements, others imperial. Date formats vary. Cost codes don't align. Asset classifications follow different taxonomies.</span></p><p style="margin-bottom:12pt;"><span><span><span>Before any AI model can identify patterns or predict equipment failures, someone or something needs to translate all of this into a common language. That translation layer is the last mile, and it's where most AI initiatives stall.</span></span><br/></span></p></div><p></p></div>
</div><div data-element-id="elm_idR4isiZGQgV79fvuQ3qfQ" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span><span><span><span>The Hidden Cost of Manual Data Preparation</span></span></span></span></h2></div>
<div data-element-id="elm_waTI9Pk6WtnCq3tkx-ajdQ" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><p></p><div><p style="margin-bottom:12pt;"><span>Many organizations attempt to address this problem by relying on people. Analysts spend hours exporting data from source systems, reformatting spreadsheets, manually reconciling discrepancies, and uploading cleaned datasets to analytics platforms. It works until it doesn't.</span></p><p style="margin-bottom:12pt;"><span>Manual data preparation creates three critical vulnerabilities. First, it doesn't scale. As portfolios grow and data volumes expand, the human bottleneck becomes prohibitive. Second, it introduces errors. Every manual touchpoint is an opportunity for mistakes, transposed numbers, missed updates, and inconsistent transformations. Third, it's slow. By the time manually prepared data reaches your AI model, it may already be stale.</span></p><p style="margin-bottom:12pt;"><span>The real cost isn't just operational inefficiency. It's the opportunity cost of AI systems operating on incomplete or outdated information, making recommendations that don't reflect current reality.</span></p></div><p></p></div>
</div><div data-element-id="elm_ms8nufeGIlDVnzZZU8yM6w" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span><span><span><span>The Middleware Imperative</span></span></span></span></h2></div>
<div data-element-id="elm_g7jIlyksdQW_8KxYJeBX6g" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><p></p><div><p style="margin-bottom:12pt;"><span>The solution isn't to replace your existing systems; it's to connect them intelligently. Purpose-built middleware creates an automated data pipeline that continuously extracts information from source systems, normalizes it into consistent formats, validates it against business rules, and delivers it to downstream platforms in a form they can actually use.</span></p><p style="margin-bottom:12pt;"><span>This approach delivers three immediate benefits. Automation eliminates the manual preparation bottleneck. Standardization ensures that data from any source system speaks the same language. Real-time connectivity ensures your AI models are continuously trained on up-to-date data.</span></p><p style="margin-bottom:12pt;"><span>For organizations running connected planning platforms, whether for financial forecasting, portfolio optimization, or operational analytics, automated data pipelines transform what's possible. Instead of spending 80% of their project time on data preparation, teams can focus on generating insights and making decisions.</span></p></div><p></p></div>
</div><div data-element-id="elm_ZwszTUzVBPGixcJ3GH-Kqg" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span><span><span><span>Beyond AI: The Data Foundation for Everything</span></span></span></span></h2></div>
<div data-element-id="elm_nklKW6q8wVmEMhLQnH7c4A" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><p></p><div><p style="margin-bottom:12pt;"><span>Clean, connected data isn't just an AI enabler, it's the foundation for every strategic initiative on the horizon. ESG reporting requires auditable data lineage. Regulatory compliance demands accuracy and traceability. M&amp;A due diligence depends on reliable portfolio information. Cross-border operations need consistent data across jurisdictions.</span></p><p style="margin-bottom:12pt;"><span>Organizations that solve the data preparation problem once with automated, scalable infrastructure position themselves to move faster on every subsequent initiative. Those who continue to rely on manual processes will fall behind, diverting resources to data wrangling while competitors focus on value creation.</span></p></div><p></p></div>
</div><div data-element-id="elm__iKc67Guv7WwBgRhxR2P3Q" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span><span><span><span>Solving the Last Mile</span></span></span></span></h2></div>
<div data-element-id="elm_67LYMUqNScZkDVj5EGM6Cg" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><p></p><div><p style="margin-bottom:12pt;"><span>At KriyaGo, we've spent years building the integration infrastructure that real estate organizations need to bridge the gap between their operational systems and their analytical ambitions. Our platform automates the extraction, normalization, and delivery of property data across the leading real estate technology ecosystem from Yardi and MRI to financial planning platforms and beyond.</span></p><p style="margin-bottom:12pt;"><span>The AI revolution in commercial real estate is real. But for most organizations, realizing their potential requires first solving a more fundamental challenge: building the data foundation that enables intelligence.</span></p><p style="margin-bottom:18pt;"><strong>Your AI is only as good as the data you feed it. It's time to solve the last mile.</strong></p></div><p></p></div>
</div><div data-element-id="elm_GTsoEY8PoliwdDAylxSiaA" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span style="font-size:20px;"><b>Ready to automate your Data Pipeline?</b></span></h2></div>
<div data-element-id="elm_tM83XiWX-b4jGNc25z2wXQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_tM83XiWX-b4jGNc25z2wXQ"].zpelem-text { margin-block-start:1px; } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><p></p><div><p style="margin-bottom:12pt;">Learn how <strong>KriyaGo</strong> connects your property systems to power analytics, reporting, and AI initiatives. <a href="/contact-us" title="Schedule a demo" rel="" style="text-decoration-line:underline;color:rgb(48, 4, 234);">Schedule a demo</a> to see our integration platform in action.</p></div>
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</div></div></div></div></div></div> ]]></content:encoded><pubDate>Wed, 24 Dec 2025 06:08:44 -0500</pubDate></item><item><title><![CDATA[Revolutionizing Real Estate Communication: Introducing KriyaSignal]]></title><link>https://www.kriyago.com/blogs/post/revolutionizing-real-estate-communication-introducing-kriyasignal</link><description><![CDATA[<img align="left" hspace="5" src="https://www.kriyago.com/Revolutionizing-Real-Estate-Communication_Introducing-KriyaSignal_SQur.jpg"/>In today's fast-paced real estate landscape, effective communication isn't just an advantage—it's a necessity.]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div data-element-id="elm_0HV45EFITJW5AO6aTJY6_A" data-element-type="section" class="zpsection "><style type="text/css"></style><div class="zpcontainer-fluid zpcontainer"><div data-element-id="elm_oMfSGtiXQAq4Gz9Vl_h6Bg" data-element-type="row" class="zprow zprow-container zpalign-items- zpjustify-content- " data-equal-column=""><style type="text/css"></style><div data-element-id="elm_yfc-wxfETsyAYoLuB5BL0g" data-element-type="column" class="zpelem-col zpcol-12 zpcol-md-12 zpcol-sm-12 zpalign-self- "><style type="text/css"></style><div data-element-id="elm_HNDn1jDvevLBttHSHfAn_g" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_HNDn1jDvevLBttHSHfAn_g"] .zpimage-container figure img { width: 1110px ; height: 237.61px ; } } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-center zpimage-tablet-align-center zpimage-mobile-align-center zpimage-size-fit zpimage-tablet-fallback-fit zpimage-mobile-fallback-fit hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/Revolutionizing-Real-Estate-Communication_Introducing-KriyaSignal_Rect.jpg" size="fit" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_Tr882t7YTgS42WxJ4Fd57g" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-center zptext-align-mobile-center zptext-align-tablet-center " data-editor="true"><p></p><div><p><span>In today's fast-paced real estate landscape, effective communication isn't just an advantage—it's a necessity. <b>KriyaSignal</b>, powered by Kriyago, introduces a groundbreaking mass communication channel designed exclusively for the real estate industry.</span></p></div><p></p></div>
</div><div data-element-id="elm_kAJuwP4CGrg1IVXgDxfvZA" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span style="font-size:20px;"><span><span><span style="font-weight:600;">The Modern Property Management Challenge</span><b></b></span><b></b></span><b></b></span></h2></div>
<div data-element-id="elm_5q3XGXPxxJXbPgSNdTtzLA" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><p></p><div><p><span>Property management today involves complex coordination between multiple stakeholders: tenants, property owners, vendors, and service providers. Traditional communication methods often create fragmentation, inefficiencies, and missed opportunities for meaningful engagement.</span></p></div><p></p></div>
</div><div data-element-id="elm_6kQfVyPErziLewZcHOaaUQ" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span style="font-size:20px;"><span><span><span style="font-weight:600;">What is KriyaSignal?</span><b></b></span><b></b></span><b></b></span></h2></div>
<div data-element-id="elm_ZwKc9VQrGXYjNCdOf-ZtIA" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><p></p><div><p><span>KriyaSignal is an advanced email and communication tool built explicitly for MRI Software users and the broader real estate industry. This innovative platform empowers property managers, real estate executives, and proptech leaders to seamlessly connect with tenants, property owners, and vendors through intelligent, automated messaging at scale.</span></p></div><p></p></div>
</div><div data-element-id="elm_JfcXEcaDoYF34ELWKJnn_A" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span style="font-size:20px;"><span><span><span style="font-weight:600;">Unified Communication Hub</span><b></b></span><b></b></span><b></b></span></h2></div>
<div data-element-id="elm_-jTHC4NiwvcM1pYNgAWDdg" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><p></p><div><p><span>KriyaSignal centralizes all your stakeholder communications into one powerful, intuitive dashboard. Whether you're managing residential complexes, commercial properties, or mixed-use developments, the platform ensures streamlined communication management across your entire portfolio.</span></p></div><p></p></div>
</div><div data-element-id="elm_Ke57c6INYfEVS8gZuxH0Kw" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span style="font-size:20px;"><span><span><span style="font-weight:600;">Native MRI Integration &amp; ERP Compatibility</span><b></b></span><b></b></span><b></b></span></h2></div>
<div data-element-id="elm_iXqv48f5qIL5ZYZFHDyZww" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><p></p><div><p><span>KriyaSignal features native API integration with MRI Software platforms while maintaining flexibility to connect with other major ERP systems. This seamless integration means your tenant information, owner details, and vendor contracts automatically sync, reducing manual data entry and potential errors.</span></p></div><p></p></div>
</div><div data-element-id="elm_uaKJzhUn2QLGB2_MHA5HQA" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span style="font-size:20px;"><span><span><span style="font-weight:800;font-size:24px;color:rgb(48, 4, 234);">Core Capabilities</span><b></b></span><b></b></span><b></b></span></h2></div>
<div data-element-id="elm_838Nk2zHQL7Y_fOmaElqqg" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span style="font-size:20px;"><span><span><span style="font-weight:600;">Intelligent Message Automation</span><b></b></span><b></b></span><b></b></span></h2></div>
<div data-element-id="elm_K9Jas0UwRUqbkcRs6XQkOA" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><p></p><div><p><span>Transform routine communications into strategic touchpoints with automated workflows for:</span></p></div><p></p></div>
</div><div data-element-id="elm_DL5Mg_jiLbeQhAjPy0ao-A" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><p></p><div><p><b><span style="font-size:20px;font-weight:700;">Tenant Communications:</span></b></p><ul><li><span>Rent reminders and payment confirmations</span></li><li><span>Maintenance updates and work order notifications</span></li><li><span>Lease renewal communications</span></li><li><span>Emergency broadcasts and safety alerts</span></li></ul><div><br/></div>
<p><b><span style="font-size:20px;">Stakeholder Management:</span></b></p><ul><li><span>Vendor coordination and service updates</span></li><li><span>Community announcements and event invitations</span></li><li><span>Construction project updates and milestone alerts</span></li></ul></div><p></p></div>
</div><div data-element-id="elm_btAGbzoJDGmN7eJ3ssV2kA" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span style="font-size:20px;"><span><span><span style="font-size:24px;color:rgb(48, 4, 234);"><span style="font-weight:800;">Advanced Digital Correspondence Features</span></span><b></b></span><b></b></span><b></b></span></h2></div>
<div data-element-id="elm_nhzBaA0-kG0PPQ80bTBf0Q" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><p></p><div><p><b><span style="font-size:20px;">Multi-Channel Delivery:</span></b></p><ul><li><span>Email communications</span></li><li><span>SMS messaging</span></li><li><span>Push notifications</span></li></ul><div><br/></div>
<p><b><span style="font-size:20px;">Professional Tools:</span></b></p><ul><li><span>Customizable message templates and branding</span></li><li><span>Advanced segmentation and targeting capabilities</span></li><li><span>Compliance-ready audit trails and reporting</span></li><li><span>Real-time analytics and performance tracking</span></li></ul><div><br/></div>
<p><b><span style="font-size:20px;">Built for Real Estate Professionals</span></b></p><p><span>KriyaSignal scales with your portfolio, whether you manage dozens or thousands of units. The cloud-based infrastructure ensures reliable performance, while advanced security protocols protect sensitive stakeholder information.</span></p></div><p></p></div>
</div><div data-element-id="elm_tx1Iy1xNLU6QZ_ob0iAbjw" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span style="font-size:20px;"><span><span><span style="font-size:24px;color:rgb(48, 4, 234);"><span style="font-weight:800;">Key Platform Features:</span></span><b></b></span><b></b></span><b></b></span></h2></div>
<div data-element-id="elm_UVZzDG2LA9L9C_5sS-gZhA" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><p></p><div><p><b><span style="font-size:20px;">Technology Infrastructure:</span></b></p><ul><li><span>Cloud-based reliability</span></li><li><span>Advanced security protocols</span></li><li><span>Real-time system monitoring</span></li><li><span>Mobile-responsive design</span></li></ul><div><br/></div>
<p><b><span style="font-size:20px;">User Experience:</span></b></p><ul><li><span>Intuitive dashboard interface</span></li><li><span>Template-based messaging systems</span></li><li><span>Automated workflows</span></li><li><span>Comprehensive reporting capabilities</span></li></ul></div><p></p></div>
</div><div data-element-id="elm_GeqtdEZ0ZjT-_uvoFAWRnA" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span style="font-size:20px;"><span><span><span style="font-weight:600;">Industry-Specific Design</span><b></b></span><b></b></span><b></b></span></h2></div>
<div data-element-id="elm_dk3SptxABvdoYihH5YzFCw" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><p></p><div><p><span>Unlike generic communication platforms, KriyaSignal has been developed specifically for real estate professionals. Every feature addresses the unique workflows, compliance requirements, and stakeholder relationship dynamics inherent to property management.</span></p><p><span><br/></span></p><p><b><span style="font-size:20px;">Designed for:</span></b></p><ul><li><span>Property managers</span></li><li><span>Real estate executives</span></li><li><span>Proptech leaders</span></li><li><span>MRI Software users</span></li></ul><div><br/></div>
<p><b><span style="font-size:20px;">Optimized for:</span></b></p><ul><li><span>Residential complexes</span></li><li><span>Commercial properties</span></li><li><span>Mixed-use developments</span></li><li><span>Multi-property portfolios</span></li></ul></div><p></p></div>
</div><div data-element-id="elm_llAJirr5kHZsYIvnxNq0VA" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span style="font-size:20px;"><span><span><span style="font-weight:600;">Transform Your Property Communications</span><b></b></span><b></b></span><b></b></span></h2></div>
<div data-element-id="elm_T-CI8kCT1e6kfGsV7nN_eQ" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><p></p><div><p><span>The real estate industry continues to evolve, and the communication strategy must evolve with it. KriyaSignal represents the next generation of property management communication tools—purpose-built for the unique needs of real estate professionals.</span></p><p><span><br/></span></p><p><b><span style="color:rgb(29, 29, 226);">KriyaSignal</span> isn't just another software solution; it's your strategic partner in building stronger, more efficient relationships across your entire real estate ecosystem.</b></p></div><p></p></div>
</div><div data-element-id="elm_y4_AtxVtbWKsngPBva-V5Q" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span style="font-size:20px;"><span><span><span style="font-weight:800;">Experience <span style="color:rgb(48, 4, 234);">KriyaSignal</span></span><b></b></span><b></b></span><b></b></span></h2></div>
<div data-element-id="elm_NRhMiyhWDovXGS7EBYTIVA" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><p></p><div><p><span>Ready to modernize your property communication strategy? Discover how intelligent, automated mass messaging designed specifically for real estate professionals can transform your operations.</span></p><p><span><br/></span></p><p><b>Ready to learn more?</b><span> Visit <a href="https://www.kriyago.com/kriyasignal" style="text-decoration-line:underline;color:rgb(46, 29, 226);">kriyago.com/kriyasignal</a> to explore KriyaSignal's capabilities and request additional information.</span></p></div><p></p></div>
</div><div data-element-id="elm_-IYw-XqKCwq55TI6DUJglA" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"></style><style></style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width50 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_wKUNE888ro0LZh1oi0ZDqw" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-center zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><p></p><div><p><i><strong>KriyaSignal by Kriyago – Advanced Email &amp; Communication Tool for MRI Software</strong></i></p><p><span>Transform your property communications with purpose-built technology designed for real estate success.</span></p></div><p></p></div>
</div><div data-element-id="elm_YeQr7CW2Q32OzkiC7JFqBg" data-element-type="button" class="zpelement zpelem-button " data-animation-name="bounceIn" data-animation-repeat="true"><style></style><div class="zpbutton-container zpbutton-align-center zpbutton-align-mobile-center zpbutton-align-tablet-center"><style type="text/css"></style><a class="zpbutton-wrapper zpbutton zpbutton-type-primary zpbutton-size-md zpbutton-style-none " href="/contact-us" target="_blank"><span class="zpbutton-content">Get Started Now</span></a></div>
</div></div></div></div></div></div> ]]></content:encoded><pubDate>Tue, 26 Aug 2025 06:03:50 -0400</pubDate></item><item><title><![CDATA[The Hidden Cost of Best-of-Breed: Why Your Real Estate Tech Stack Might Be Working Against You]]></title><link>https://www.kriyago.com/blogs/post/the-hidden-cost-of-best-of-breed-why-your-real-estate-tech-stack-might-be-working-against-you</link><description><![CDATA[<img align="left" hspace="5" src="https://www.kriyago.com/The-Hidden-Cost-of-Best-of-Breed_Why-Your-Real-Estate-Tech-Stack-Might-Be-Working-Against-You_S.jpg"/>In today's competitive real estate landscape, the pursuit of excellence often leads property professionals down a familiar path: selecting the absolute best software for each specific function.]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div data-element-id="elm_xkvWfF2JTCaGp210fUk0Fg" data-element-type="section" class="zpsection "><style type="text/css"></style><div class="zpcontainer-fluid zpcontainer"><div data-element-id="elm_PeH_D20NRTmtKivjvQfm2A" data-element-type="row" class="zprow zprow-container zpalign-items- zpjustify-content- " data-equal-column=""><style type="text/css"></style><div data-element-id="elm_yWKqTnL0R96pDAjuQcvrvA" data-element-type="column" class="zpelem-col zpcol-12 zpcol-md-12 zpcol-sm-12 zpalign-self- "><style type="text/css"></style><div data-element-id="elm_Ls4OCxCxz9y8_JFK3-pZvw" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_Ls4OCxCxz9y8_JFK3-pZvw"] .zpimage-container figure img { width: 1110px ; height: 237.61px ; } } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-center zpimage-tablet-align-center zpimage-mobile-align-center zpimage-size-fit zpimage-tablet-fallback-fit zpimage-mobile-fallback-fit hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/The-Hidden-Cost-of-Best-of-Breed_Why-Your-Real-Estate-Tech-Stack-Might-Be-Working-Against-You_R.jpg" size="fit" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_f5mKYpVpTlqhHxzwuCTQrg" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-center zptext-align-mobile-center zptext-align-tablet-center " data-editor="true"><p></p><div><p><span>In today's competitive real estate landscape, the pursuit of excellence often leads property professionals down a familiar path: selecting the absolute best software for each specific function. You choose the top CRM for client management, the most advanced property management system, the premier marketing automation platform, and the leading financial analytics tool. Each decision makes perfect sense in isolation—after all, why wouldn't you want best-of-breed solutions?</span></p><p><span>But here's the challenge that's quietly undermining operations across the industry: <b>your quest for the best individual tools is creating a web of disconnected data silos.</b></span></p></div><p></p></div>
</div><div data-element-id="elm_ADhTzKtMbgDzL46DJ411pQ" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span style="font-size:20px;font-weight:600;">The Best-of-Breed Trap</span></h2></div>
<div data-element-id="elm_lNgAnjroh0ZhTceo3wSaAA" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><p></p><div><p><span>The real estate technology ecosystem has exploded with specialized solutions, each claiming to be the definitive answer to specific operational needs. Property managers gravitate toward platforms that excel at tenant screening and lease management. Sales teams invest in CRMs with sophisticated lead nurturing capabilities. Marketing departments deploy tools that promise unparalleled campaign automation and analytics.</span></p><p><span><br/></span></p><p><span>The logic seems bulletproof: combine multiple best-in-class solutions, and you'll have a best-in-class operation.</span></p></div><p></p></div>
</div><div data-element-id="elm_k-6A2IB8fp98e-T9bKo_uQ" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span style="font-size:20px;"><span><span style="font-size:24px;"><b><span style="color:rgb(29, 29, 226);"><b>The reality is far more complex.</b></span></b></span><b></b></span><b></b></span></h2></div>
<div data-element-id="elm_6gNMft_sxno-XskEW8IgCw" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span style="font-size:20px;"><span><span><span style="font-weight:600;"><span>When Excellence Becomes Isolation</span></span><b></b></span><b></b></span><b></b></span></h2></div>
<div data-element-id="elm_YOGMiXGTTYyuYixzTvpsOg" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><p></p><div><p><span>As your tech stack grows more sophisticated, something counterintuitive happens. Your data—the lifeblood of informed decision-making—becomes trapped in individual systems. Your CRM knows everything about client interactions but nothing about property performance. Your property management system tracks maintenance and occupancy rates, but can't access marketing campaign data. Your financial software generates detailed reports but operates in complete isolation from your operational metrics.</span></p><p><span><br/></span></p><p><span>Consider this scenario: A property management company wants to understand which marketing channels deliver the highest lifetime value to tenants. This seemingly straightforward analysis requires data from at least four different systems—marketing automation, CRM, property management, and financial reporting platforms. Without integration, this analysis becomes a manual, time-intensive process prone to errors and delays.</span></p></div><p></p></div>
</div><div data-element-id="elm_JUdTpB1wVX1VrnOtFXvWUQ" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span style="font-size:20px;"><span style="font-weight:600;">The Integration Imperative</span><b></b><b></b><b></b></span></h2></div>
<div data-element-id="elm_WoDZ5kl0T65vUpnokvhCBw" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><p></p><div><p><span>The solution isn't to abandon your carefully selected tools to make them work together. Modern real estate operations require <b>seamless data flow between systems</b>, enabling:</span></p><ul><li><b>Holistic customer views</b><span> that combine marketing touchpoints, sales interactions, and service history</span></li><li><b>Performance analytics</b><span> that correlate marketing spend with actual revenue and tenant satisfaction</span></li><li><b>Predictive insights</b><span> that leverage data across all operational areas to forecast trends and opportunities</span></li><li><b>Automated workflows</b><span> that trigger actions across multiple platforms based on unified business rules</span></li></ul></div><p></p></div>
</div><div data-element-id="elm_cYSVRWeraXl3yS_Ji-qwlA" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span style="font-size:20px;"><span><span><span style="font-weight:600;">The Path Forward: Smart Integration Strategies</span><b></b></span><b></b></span><b></b></span></h2></div>
<div data-element-id="elm_QVU9S3Fwyt_OHVXK7-EoqA" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><p></p><div><p><span>Forward-thinking real estate organizations are addressing this challenge through strategic integration approaches. Rather than replacing their existing best-of-breed tools, they're implementing solutions that create bridges between systems, enabling data to flow freely while preserving the specialized functionality that made each tool valuable in the first place.</span></p><p><span><br/></span></p><p><span>The most effective integration strategies share several characteristics:</span></p><p><span><br/></span></p><p><b>Real-time synchronization</b><span> ensures that data updates in one system are immediately reflected across all connected platforms. When a lead converts to a client in your CRM, that information should instantly populate your property management system and trigger appropriate marketing automation sequences.</span></p><p><span><br/></span></p><p><b>Bidirectional data flow</b><span> means information moves in both directions, creating a truly connected ecosystem rather than a hub-and-spoke model where one system dominates others.</span></p><p><span><br/></span></p><p><b>Intelligent mapping</b><span> automatically handles data translation between different systems, ensuring that a &quot;lead&quot; in your CRM corresponds correctly to a &quot;prospect&quot; in your property management platform.</span></p><p><span><br/></span></p><p><b>Unified reporting</b><span> pulls data from multiple sources to create comprehensive dashboards and analytics that would be impossible to achieve with siloed systems.</span></p></div><p></p></div>
</div><div data-element-id="elm_wUtI-SlHMKbQjVpyFy-rxg" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span style="font-size:20px;"><span><span><span style="font-weight:600;">Beyond Basic Integration</span><b></b></span><b></b></span><b></b></span></h2></div>
<div data-element-id="elm_yKHGwyF6LPCnIjj3OT5r7A" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><p></p><div><p><span>While point-to-point integrations can solve immediate connectivity problems, the most sophisticated real estate operations are moving toward platforms that offer both powerful individual functionality and native integration capabilities. These solutions eliminate the complexity of managing multiple vendor relationships while providing the deep, specialized features that drive operational excellence.</span></p><p><span><br/></span></p><p><span>The key is finding solutions that understand the unique data relationships and workflows that define real estate operations—platforms explicitly built for the industry rather than generic business tools adapted for property management use.</span></p></div><p></p></div>
</div><div data-element-id="elm_GdqKM8D1D2Evp7XpsVtdrA" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span style="font-size:20px;"><span><span><span style="font-weight:600;">Measuring Integration Success</span><b></b></span><b></b></span><b></b></span></h2></div>
<div data-element-id="elm_bbbL6BNGWG_gHgXVPneXeg" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><p></p><div><p><span>How do you know if your integration efforts are working? Look for these key indicators:</span></p><ul><li><b>Reduced manual data entry</b><span> across your organization</span></li><li><b>Faster decision-making</b><span> enabled by real-time access to comprehensive data</span></li><li><b>Improved customer experiences</b><span> through consistent, informed interactions across all touchpoints</span></li><li><b>Higher team productivity</b><span> as staff spend less time switching between systems and more time on value-added activities</span></li><li><b>Better financial performance</b><span> through data-driven insights that were previously impossible to obtain</span></li></ul></div><p></p></div>
</div><div data-element-id="elm_RVZjd1yyEG6kaA6kbZiELg" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span style="font-size:20px;"><span><span><span style="font-weight:600;">The Competitive Advantage</span><b></b></span><b></b></span><b></b></span></h2></div>
<div data-element-id="elm_PlugGaJmjxJM4pksmaxzPg" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><p></p><div><p><span>In an industry where margins are often tight and differentiation is challenging, your approach to data integration can become a significant competitive advantage. Organizations that successfully break down data silos can respond faster to market changes, provide superior customer service, and make more informed strategic decisions.</span></p><p><span><br/></span></p><p><span>The question isn't whether to integrate your real estate tech stack—it's how quickly you can do it effectively. Every day that your data remains siloed is a day that opportunities slip through the cracks and inefficiencies compound.</span></p></div><p></p></div>
</div><div data-element-id="elm_J4utrLGeYeqSiSpHZFrmDg" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><strong><span style="font-weight:800;color:rgb(48, 4, 234);">Conclusion</span></strong></h2></div>
<div data-element-id="elm_4D4Lc1rWF8w2wE_cyulDqg" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><p></p><div><p><span>The best-of-breed approach to real estate technology isn't wrong, it's incomplete. By pairing your carefully selected tools with thoughtful integration strategies, you can preserve the specialized functionality that drove your initial software choices while unlocking the collaborative power of connected data.</span></p><p><span>The future belongs to real estate organizations that can combine specialized excellence with integrated intelligence. In this connected landscape, your data becomes more than information—it becomes the foundation for smarter operations, better customer experiences, and sustainable competitive advantage.</span></p><p><span><br/></span></p><p><i>Ready to transform your disconnected tech stack into an integrated powerhouse? Explore how modern real estate platforms are solving the integration challenge while delivering the specialized functionality your operation demands.</i></p></div><p></p></div>
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</div></div></div></div></div></div> ]]></content:encoded><pubDate>Tue, 26 Aug 2025 05:39:40 -0400</pubDate></item><item><title><![CDATA[Come, Join the Jones Network: Features, Compliance and Real Estate]]></title><link>https://www.kriyago.com/blogs/post/come-join-the-jones-network-features-compliance-and-real-estate</link><description><![CDATA[<img align="left" hspace="5" src="https://www.kriyago.com/MicrosoftTeams-image -8-.png"/>Jones Network , one of the most exclusive insurance lifecycle automation software options. for real estate businesses, serves real estate owners, prope ]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div data-element-id="elm_I_ymcL83TZ6pO_93fUUYdg" data-element-type="section" class="zpsection "><style type="text/css"></style><div class="zpcontainer-fluid zpcontainer"><div data-element-id="elm_qLzkwUZhTCedB-M_tGarGw" data-element-type="row" class="zprow zprow-container zpalign-items- zpjustify-content- " data-equal-column=""><style type="text/css"></style><div data-element-id="elm_HuxRvb6_TumU83MrXvVRrg" data-element-type="column" class="zpelem-col zpcol-12 zpcol-md-12 zpcol-sm-12 zpalign-self- "><style type="text/css"></style><div data-element-id="elm_TU7y5PVSJp84H44kwUvfpw" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_TU7y5PVSJp84H44kwUvfpw"] .zpimage-container figure img { width: 1080px ; height: 231.52px ; } } @media (max-width: 991px) and (min-width: 768px) { [data-element-id="elm_TU7y5PVSJp84H44kwUvfpw"] .zpimage-container figure img { width:723px ; height:154.99px ; } } @media (max-width: 767px) { [data-element-id="elm_TU7y5PVSJp84H44kwUvfpw"] .zpimage-container figure img { width:415px ; height:88.97px ; } } [data-element-id="elm_TU7y5PVSJp84H44kwUvfpw"].zpelem-image { border-radius:1px; } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-center zpimage-size-fit zpimage-tablet-fallback-fit zpimage-mobile-fallback-fit hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/MicrosoftTeams-image%20-9-.png" width="415" height="88.97" loading="lazy" size="fit" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm__ZivwaDeSROz2bc1Uxi1Iw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm__ZivwaDeSROz2bc1Uxi1Iw"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-center " data-editor="true"><div style="color:inherit;"><p style="text-align:left;font-size:14px;"><a href="https://getjones.com/"><span style="font-size:11pt;">Jones Network</span></a><span style="font-size:11pt;">, one of the most exclusive insurance lifecycle automation software options. for real estate businesses, serves real estate owners, property managers, developers, and contractors.</span></p><p style="text-align:left;font-size:14px;"><br></p><p style="text-align:left;font-size:14px;"><span style="font-size:11pt;">Previously their operations were mostly about insurance operations, from extraction to collections. They are an insurance compliance solution for all things real estate.</span></p><p style="text-align:left;font-size:14px;"><br></p><p style="text-align:left;font-size:14px;"><span style="font-size:11pt;">But this February 8, Jones is taking a step forward to expand their horizons. Getting tenants and vendors to stay compliant with the insurance will get much easier with this. Starting on 8th February, every Jones account holder and software will be able to access the exclusive Jones Network. This network is a pool of data that is constantly and automatically updated by the company.&nbsp;</span></p><p style="text-align:left;font-size:14px;"><br></p><p style="text-align:left;font-size:14px;"><span style="font-size:11pt;">With this network, all real estate professionals will be able to look up vendors, tenants, and subcontractors' insurance coverage. This will help you view their profiles instantly and understand their insurance details. This is a data network that will have thousands of updated profiles and will be stored on Jones.</span></p><p style="text-align:left;font-size:14px;"><br></p><p style="text-align:left;font-size:14px;"><span style="font-size:11pt;">Another exciting fact is that these profiles will be collected, reviewed, and then stored. Hence there is no chance of sketchy data and facts.&nbsp;</span></p><p style="text-align:left;font-size:14px;"><br></p><p style="text-align:left;font-size:14px;"><span style="font-size:11pt;">So, is this exciting new feature exclusive to the Jones account? What is the latest in the market about this development? Let us find out more about this in the article below.&nbsp;</span></p></div></div>
</div><div data-element-id="elm_Zp5af0yzsYS1XNka1Q-z3A" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_Zp5af0yzsYS1XNka1Q-z3A"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><div style="color:inherit;"><h2 style="margin-bottom:6pt;font-size:30px;"><span style="font-size:16pt;">Exclusive - The Jones Network launch webinar - With CEO Omri Stern</span></h2></div></h2></div>
<div data-element-id="elm_SySAvawlj8k_-tgxdt2fPw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_SySAvawlj8k_-tgxdt2fPw"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="color:inherit;"><p style="font-size:14px;"><span style="font-size:11pt;">To launch their exclusive Jones Network, CEO Omri Stern will hold a webinar. But remember, this webinar is exclusive and&nbsp;</span><a href="http://4636306.hs-sites.com/jones-network-is-coming-feb-8th?ecid=ACsprvuOpyf-3Im38bsBoiofh0aJjd5wU19OKKEzyKripDgbzyn3fEi52-i_tBQm9t7iF4PgPy-J&amp;utm_medium=email&amp;_hsmi=243220418&amp;_hsenc=p2ANqtz-_6r7N7HOuEJJSPqGzXZcRJYwDmLHj_oyihN5k6OyU8ggmU_BM58HmNN-WOwqn8buyI2vIOuppom3iJ7QhZjft5X4JhMg&amp;utm_content=243220418&amp;utm_source=hs_email"><span style="font-size:11pt;">you need to RSVP</span></a><span style="font-size:11pt;">&nbsp;if you wish to join. After their launch on 8th February, they will hold the webinar on 9th February at 2 PM EST. It will be on for 1hr only, so, do not forget to join in.&nbsp;</span></p><p style="font-size:14px;"><br></p><p style="font-size:14px;"><span style="font-size:11pt;">This will also allow their users enough time to use this new feature and come up with queries if any.</span></p><p style="font-size:14px;"><br></p><p style="font-size:14px;"><span style="font-size:11pt;">The CEO himself will conduct this webinar and help the Jones account holders understand this new development.&nbsp;</span></p><p style="font-size:14px;"><br></p><p style="font-size:14px;"><span style="font-size:11pt;">The key points that they will discuss in this webinar are,</span></p><p style="font-size:14px;"><br></p><ul><li style="font-size:11pt;"><p><span style="font-size:11pt;">A Jones account holder will be able to use an on file Certificate of Insurance (COI) to request audits on any of their properties, projects, or buildings. This can be done at any time and it only needs real estate professionals to make three clicks to get started with the audit.&nbsp;</span></p></li><li style="font-size:11pt;"><p><span style="font-size:11pt;">The 'Predicted Compliance Statuses' is another feature that CEO Omni Stern will discuss. This feature helps real estate companies understand the risk factors of each vendor or company. This will allow businesses to make more calculated moves in the future and keep their business safe.&nbsp;</span></p></li></ul></div></div>
</div><div data-element-id="elm_ZAgLFrBCv6gMU3ZpE9n8tg" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_ZAgLFrBCv6gMU3ZpE9n8tg"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><div style="color:inherit;"><h2 style="margin-bottom:6pt;font-size:30px;"><span style="font-size:16pt;">What can real estate professionals gain from this event?</span></h2></div></h2></div>
<div data-element-id="elm_k5Kvv5wLNljBpm9zY73JBg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_k5Kvv5wLNljBpm9zY73JBg"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="color:inherit;"><p style="font-size:14px;"><span style="font-size:11pt;">The Jones Network instant view of insurance coverage profiles is exclusive to the Jones account. If you are a real estate business or property manager, or owner, this exclusive feature is a great option for you. That is why it is important you join this event to find out how this feature will help. There will also be a one-day window before the event to use this feature before joining the event. You can use the feature within this time to get the basics right.&nbsp;</span></p><p style="font-size:14px;"><br></p><p style="font-size:14px;"><span style="font-size:11pt;">This event will also help you figure out how you can get audits done in a few clicks on any building/property under your portfolio. Then you will know the risks of the insurance and how much expenditure it may incur. This can be a very streamlined process for real estate professionals to help with their budgeting and forecasting too.&nbsp;</span></p><p style="font-size:14px;"><br></p><p style="font-size:14px;"><span style="font-size:11pt;">Real estate professionals can simply enter the name of the vendor, choose the requirement you have and add them. Then Jones will come up with a report of their predicted compliance status. This feature will also help professionals get a better idea about risk management and risk aversion. This can be a great way to start refraining from engaging with such businesses which have high predicted non-compliance status.</span></p><p style="font-size:14px;"><br></p><p style="font-size:14px;"><span style="font-size:11pt;">The&nbsp;<a href="/qlik#https%3A//canadahustle.com/a-list-of-hottest-cities-in-canada/" rel="">real estate market</a>&nbsp;is already volatile in the real estate market, in both U.S. and Canada. Why take more risks when you can access all this valuable data at the Jones Network and avert these risks?&nbsp;</span></p></div></div>
</div><div data-element-id="elm_7hIE_R1kY9ZsFVNQ3BnyqQ" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_7hIE_R1kY9ZsFVNQ3BnyqQ"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><div style="color:inherit;"><h2 style="margin-bottom:6pt;font-size:30px;"><span style="font-size:16pt;">How is the Jones Network changing the perspective of real estate insurance?&nbsp;</span></h2></div></h2></div>
<div data-element-id="elm_-eBUT8wbWUuOX20Jgjn0Uw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_-eBUT8wbWUuOX20Jgjn0Uw"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="color:inherit;"><p style="font-size:14px;"><span style="font-size:11pt;">Most real estate companies have to face the logistical nightmare of dealing with analog insurance compliance methods. The main burden falls on property managers to collect the insurance data, organize them, and then analyze, and fact-check them. This can take days, hours, or even months if your portfolio is diverse and spread out.&nbsp;</span></p><p style="font-size:14px;"><br></p><p style="font-size:14px;"><span style="font-size:11pt;">This is where the Jones Network has come in to change the way real estate views real estate insurance compliance. This is helping real estate professionals build trust and betters the coordination between all stakeholders.&nbsp;</span></p><p style="font-size:14px;"><br></p><p style="font-size:14px;"><span style="font-size:11pt;">Like the&nbsp;</span><a href="https://insurance-search.com/captivate-podcast/omri-stern-jones/"><span style="font-size:11pt;">CEO Omni Stern previously mentioned</span></a><span style="font-size:11pt;">&nbsp;in an exclusive podcast they developed this system to help companies provide instant verification to vendors, tenants, or subcontractors. They have also mentioned that this software easily integrates with other regular property management software solutions. So, there will be no issue of system overlap or redundancy. This will be like an exclusive addition to your already present ERP system.&nbsp;</span></p></div></div>
</div><div data-element-id="elm_mUoXBpN3cmMP2dw-oQoJjA" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_mUoXBpN3cmMP2dw-oQoJjA"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><div style="color:inherit;"><h2 style="margin-bottom:6pt;font-size:30px;"><span style="font-size:16pt;">In other news - The Jones Network&nbsp;</span></h2></div></h2></div>
<div data-element-id="elm_cx_LkxwlkhIa3sSOKagIgA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_cx_LkxwlkhIa3sSOKagIgA"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><p><span style="font-size:11pt;">What are the key features that the Jones Network will offer? At this event, you will get a complete walkthrough of all the new and exclusive features of this development.&nbsp;</span></p><ol><li style="font-size:14pt;"><h3 style="margin-bottom:4pt;"><span style="font-size:14pt;">The vendor profile</span></h3></li></ol><p><span style="font-size:11pt;">The Jones users will be able to view and access vendor profiles at any given time. This will tell you the insurance coverage of each vendor, and their risk predictions.&nbsp;</span></p><ol start="2"><li style="font-size:14pt;"><h3 style="margin-bottom:4pt;"><span style="font-size:14pt;">Vendor discovery&nbsp;</span></h3></li></ol><p><span style="font-size:11pt;">In case you have previously worked with a vendor, you do not need to re-enter their data. You can discover them on the Jones Network from the stored vendor data systems. No more going through bulky insurance paperwork to find the right documents.&nbsp;</span></p><h2 style="margin-bottom:6pt;"><span style="font-size:16pt;">Parting Thoughts&nbsp;</span></h2><p><a href="https://alleywatch.com/2021/07/jones-commercial-real-estate-liability-management-platform-marketplace-vendors-omri-stern/"><span style="font-size:11pt;">Market reports by Alleywatch</span></a><span style="font-size:11pt;"> say that the vendor approval process in the real estate market has gone down from 12 days to 2.5 days on average after the Jones Network usage. This is a major step towards positive development in this competitive market. So, in case you have any more doubts about this new feature, we suggest you tune in to the webinar.&nbsp;</span></p><p><span style="color:inherit;"><span><br></span></span></p><p><span style="font-size:11pt;">Need more such suggestions about the digital transformation and exclusive events of the real estate world? Get in touch with the </span><a href="https://www.kriyago.com/"><span style="font-size:11pt;">KriyaGo team</span></a><span style="font-size:11pt;"> to get constant updates about all things real estate. Our experienced team can help you reimagine the way you view business. </span><a href="https://www.kriyago.com/contact-us"><span style="font-size:11pt;">Talk soon</span></a><span style="font-size:11pt;"> for more!</span></p><p><span style="color:inherit;"><br></span></p></div>
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</div></div></div></div></div></div> ]]></content:encoded><pubDate>Sun, 12 Feb 2023 22:45:28 -0500</pubDate></item><item><title><![CDATA[How improving CAM reconciliation can help improve your leasing strategies ]]></title><link>https://www.kriyago.com/blogs/post/how-improving-cam-reconciliation-can-help-improve-your-leasing-strategies</link><description><![CDATA[<img align="left" hspace="5" src="https://www.kriyago.com/How improving CAM reconciliation can help improve your leasing strategies_Squr.png"/>The Common Area Maintenance or CAM reconciliation process can be a very hectic task, especially when it comes to commercial real estate businesses. Wi ]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div data-element-id="elm_Xe3ibjmpS7aQpeL14rRStg" data-element-type="section" class="zpsection "><style type="text/css"></style><div class="zpcontainer-fluid zpcontainer"><div data-element-id="elm_-dlxSLcSRkeNm0IyKBKQ9A" data-element-type="row" class="zprow zprow-container zpalign-items- zpjustify-content- " data-equal-column=""><style type="text/css"></style><div data-element-id="elm_E9PR3_v1SiGQtdJlvsv1zw" data-element-type="column" class="zpelem-col zpcol-12 zpcol-md-12 zpcol-sm-12 zpalign-self- "><style type="text/css"> [data-element-id="elm_E9PR3_v1SiGQtdJlvsv1zw"].zpelem-col{ border-radius:1px; } </style><div data-element-id="elm_CMUE4WA2W3a6yxb4FnoOoQ" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_CMUE4WA2W3a6yxb4FnoOoQ"] .zpimage-container figure img { width: 800px ; height: 171.50px ; } } @media (max-width: 991px) and (min-width: 768px) { [data-element-id="elm_CMUE4WA2W3a6yxb4FnoOoQ"] .zpimage-container figure img { width:500px ; height:107.19px ; } } @media (max-width: 767px) { [data-element-id="elm_CMUE4WA2W3a6yxb4FnoOoQ"] .zpimage-container figure img { width:500px ; height:107.19px ; } } [data-element-id="elm_CMUE4WA2W3a6yxb4FnoOoQ"].zpelem-image { border-radius:1px; } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-center zpimage-size-large zpimage-tablet-fallback-large zpimage-mobile-fallback-large hb-lightbox " data-lightbox-options="
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                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/How%20improving%20CAM%20reconciliation%20can%20help%20improve%20your%20leasing%20strategies_Rect.png" width="500" height="107.19" loading="lazy" size="large" alt="How improving CAM reconciliation can help improve your leasing strategies " data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_LPJn6PJoQdepdYhdJYp4Uw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_LPJn6PJoQdepdYhdJYp4Uw"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div style="font-size:12px;"><p><span style="font-size:11pt;"><span style="color:rgb(3, 3, 56);">The </span><span style="color:rgb(72, 118, 232);">Common</span></span><a href="https://en.wikipedia.org/wiki/Common_area_maintenance_charges" target="_blank" rel="noreferrer noopener"><span style="font-size:11pt;color:rgb(72, 118, 232);"> Area Maintenance or CAM</span></a><span style="color:rgb(3, 3, 56);font-size:11pt;"> reconciliation process can be a very hectic task, especially when it comes to commercial real estate businesses. With multiple properties to handle, it can be overwhelming. But </span><span style="font-size:11pt;"><a href="https://www.kriyago.com/cam-reconciliation" title="CAM reconciliation" rel=""><span style="color:rgb(72, 118, 232);">CAM reconciliation</span></a></span><span style="color:rgb(3, 3, 56);font-size:11pt;"> is crucial nonetheless and property managers can not afford to avoid it. CAM is a part of every lease shared with tenants, and a lot of monetary transaction banks on it for any property owner or manager. Due to missing data and discrepancies in agreements, landlords stand to lose a lot of money. Though this process is tedious, you still need to ace it to get maximum return on your ROI.&nbsp;&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgb(3, 3, 56);">&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgb(3, 3, 56);">You need to better your strategies in handling CAM work to improve your leasing strategies.&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgb(3, 3, 56);">&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgb(3, 3, 56);">Read this blog to understand the details of how CAM reconciliation negatively impacts real estate and how improving it can benefit you.&nbsp;&nbsp;</span></p></div></div></div>
</div><div data-element-id="elm_1gEK-YGoTRysEjQLvLv8tQ" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_1gEK-YGoTRysEjQLvLv8tQ"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="font-weight:700;color:rgb(61, 54, 136);font-size:30px;">The adverse impact of flawed CAM Reconciliation</span><br></h2></div>
<div data-element-id="elm_IH-XYaSv8hNpS5Cpa8-cWA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_IH-XYaSv8hNpS5Cpa8-cWA"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div style="font-size:12px;"><div><div><p><span style="font-size:11pt;color:rgb(3, 3, 56);">Some CAM areas might be easier to understand, like property taxes and insurance calculations. But the essential maintenance part can be very tricky given that a standard charge is divided among multiple stakeholders of different units in the same building. Any data error can simply lead to overcharging or undercharging tenants and messing up your lease agreement. Here are a few of the grave impacts of imperfect CAM reconciliation on your real estate business,&nbsp;</span></p></div><div><div><p><span style="color:rgb(3, 3, 56);"><br></span></p></div><div><ul><li style="margin-left:24px;font-size:11pt;"><p><span style="font-size:11pt;color:rgb(3, 3, 56);">The conflict between landlord and tenant and extended negative impact on business growth.&nbsp;</span></p></li><li style="margin-left:24px;font-size:11pt;"><p><span style="font-size:11pt;color:rgb(3, 3, 56);">Inaccurate cost classifications&nbsp;</span></p></li><li style="margin-left:24px;font-size:11pt;"><p><span style="font-size:11pt;color:rgb(3, 3, 56);">Due to miscalculations, landlords paid out of their own pockets for CAM work when lease agreements said otherwise.&nbsp;&nbsp;</span></p></li><li style="margin-left:24px;font-size:11pt;"><p><span style="font-size:11pt;color:rgb(3, 3, 56);">Wrongful interpretation of lease terms and conditions leading to uninhabitable conditions.&nbsp;</span></p></li></ul></div></div><div><div><ul><li style="margin-left:24px;font-size:11pt;"><p><span style="font-size:11pt;color:rgb(3, 3, 56);">Also impacts tax payments in the end when lack of data leads to tenants paying less than what is required of them.&nbsp;</span></p></li><li style="margin-left:24px;font-size:11pt;"><p><span style="font-size:11pt;color:rgb(3, 3, 56);">It can be a major legal battle when you have improper expense classification in your buildings and units. You need to thoroughly recheck all data before assigning expenses to each building to not lose out on tenants.&nbsp;&nbsp;</span></p></li></ul></div></div></div></div></div></div>
</div><div data-element-id="elm_rd3XeLrcB0OVUvjDEZ8QdQ" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_rd3XeLrcB0OVUvjDEZ8QdQ"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="font-weight:700;color:rgb(61, 54, 136);font-size:30px;">How proper CAM Reconciliation can help improve the situation</span><br></h2></div>
<div data-element-id="elm_h0rgWXtWpQlt4iqOAu_fBw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_h0rgWXtWpQlt4iqOAu_fBw"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div style="font-size:12px;"><div><div><p><span style="font-size:11pt;color:rgb(3, 3, 56);">CAM reconciliation has an obvious impact on the finances of your business. But the CAM reconciliation process also can help landlords maintain their position in the real estate market and also improve their property leasing strategies. Let’s talk more about that to help you understand why you need to rethink your CAM work.&nbsp;</span><br></p></div></div></div></div></div>
</div><div data-element-id="elm_WKzGhT_AwxamqOE88bO4-Q" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_WKzGhT_AwxamqOE88bO4-Q"].zpelem-heading { border-radius:1px; } </style><h3
 class="zpheading zpheading-align-left " data-editor="true"><span style="font-weight:700;color:rgb(61, 54, 136);">• Improved tenant relations&nbsp;</span></h3></div>
<div data-element-id="elm_i4LlLG_CpXv54mmulcjNMA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_i4LlLG_CpXv54mmulcjNMA"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div style="font-size:12px;"><div><div><div><div><p><span style="font-size:11pt;color:rgb(3, 3, 56);">In most lease agreements, tenants feel that their landlord is overcharging them for things that are not their responsibility. The legal terms and everything can be open to interpretation, and all stakeholders want to steer it their way and gain some. Lack of expense invoices can lead to tenants paying more, or no proper statements can have landlords earning less. In both cases, the long-standing relationships are jeopardized.&nbsp;</span></p></div><div><p><span style="font-size:11pt;color:rgb(3, 3, 56);">&nbsp;</span></p></div><div><p><span style="font-size:11pt;color:rgb(3, 3, 56);">Improved landlord and tenant relations can help in lease renewals, low tenant turnovers and improved reputation in the market. But when you keep clarity in your CAM reconciliation process and have proof for all expenses, then your tenants gain trust in your work ethic. Also, when there is transparency, all your payments are released on time, and your leasing strategies see a positive boost.&nbsp;&nbsp;</span></p></div></div></div></div></div></div></div>
</div><div data-element-id="elm_z17-tW1OnLZ2H55h-gxa8Q" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_z17-tW1OnLZ2H55h-gxa8Q"].zpelem-heading { border-radius:1px; } </style><h3
 class="zpheading zpheading-align-left " data-editor="true"><span style="font-weight:700;color:rgb(61, 54, 136);">• Getting better sales in a competitive market&nbsp;</span></h3></div>
<div data-element-id="elm_ty6XbxgEacaMwpoD91i3Gg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_ty6XbxgEacaMwpoD91i3Gg"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div style="font-size:12px;"><div><div><div><div><div><div><p><span style="font-size:11pt;color:rgb(3, 3, 56);">When you improve your tenant relations, it also makes your holding on the market much stronger. In this competitive market, if the reputation of your real estate business takes a hit, then your sales will go down. The commercial real estate market has already suffered a lot due to the pandemic.&nbsp;</span></p></div><div><p><span style="font-size:11pt;color:rgb(3, 3, 56);">&nbsp;</span></p></div><div><p><span style="color:rgb(3, 3, 56);font-size:11pt;">As a leasing strategy, landlords and property managers can choose to provide some incentives in their CAM charges and retain long-term tenants. A controlled and streamlined CAM reconciliation process can help you better this process. A proper technology implementation plan can help solve this. </span><a href="https://www.yardibreeze.com/blog/2021/03/common-area-maintenance-reconciliation/" target="_blank" rel="noreferrer noopener"><span style="font-size:11pt;color:rgb(72, 118, 232);">Yardi CAM reconciliation software</span></a><span style="color:rgb(3, 3, 56);font-size:11pt;"> is one such provider that can give you quick CAM solutions. This software will also draw up valuable insights from the industry and stay ahead in the competition to drive sales. Strategically automating your CAM reconciliation work can get you more control over your lease agreements.&nbsp;</span></p></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_LiwE4BxXTN4-dy1O9GK3gg" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_LiwE4BxXTN4-dy1O9GK3gg"].zpelem-heading { border-radius:1px; } </style><h3
 class="zpheading zpheading-align-left " data-editor="true"><span style="font-weight:700;color:rgb(61, 54, 136);">• Revamping and negotiating the future lease agreements</span></h3></div>
<div data-element-id="elm_0BIT9aYrCZIk3F23LjrDHA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_0BIT9aYrCZIk3F23LjrDHA"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div style="font-size:12px;"><div><div><div><div><div><div><div><div><p><span style="font-size:11pt;color:rgb(3, 3, 56);">When you as a project manager have a stable image of doing great CAM reconciliation work, you can easily negotiate new terms during your lease renewals and new agreements. Staying clear about costs and providing enough data to help tenants understand every point of your CAM statement is one of the best project management best practices that you can establish.&nbsp;</span></p></div><div><p><span style="font-size:11pt;color:rgb(3, 3, 56);">&nbsp;</span></p></div><div><p><span style="color:rgb(3, 3, 56);font-size:11pt;">Taking inspiration from previous reconciliation work, you can even come up with agreement terms and conditions that are beneficial for all stakeholders. This will help establish a stable foundation for your business. You can even get </span><a href="https://www.kriyago.com/lease-audit" target="_blank" rel="noreferrer noopener"><span style="font-size:11pt;color:rgb(72, 118, 232);">real estate lease audits</span></a><span style="color:rgb(3, 3, 56);font-size:11pt;"> done by neutral third-party auditors to straighten facts in your lease.&nbsp;&nbsp;</span></p></div></div></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_pPgvPJuU2IeZ7XjmPQ5Qag" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_pPgvPJuU2IeZ7XjmPQ5Qag"] h2.zpheading{ line-height:50px; } [data-element-id="elm_pPgvPJuU2IeZ7XjmPQ5Qag"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="font-weight:700;color:rgb(61, 54, 136);font-size:30px;">Why you should outsource your CAM Reconciliation work for a better lease strategy</span><br></h2></div>
<div data-element-id="elm_2AgtmXKDbHIb90RaAzQSYQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_2AgtmXKDbHIb90RaAzQSYQ"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div style="font-size:12px;"><div><div><div><div><div><div><div><div><div><div><p><span style="color:rgb(3, 3, 56);font-size:11pt;">Are you stressed out about the CAM reconciliation process? Don’t be when you can simply outsource the work to experts and shed the load from your shoulders. A team of experts who have done </span><a href="https://www.kriyago.com/cam-reconciliation" target="_blank" rel="noreferrer noopener"><span style="font-size:11pt;color:rgb(72, 118, 232);">CAM reconciliation</span></a><span style="color:rgb(3, 3, 56);font-size:11pt;"> work for years can help you save money, better your tenant relations and find useful data to increase sales. An outsourced service provider will also have access to the latest technology, which you can leverage to automate the CAM work.&nbsp;&nbsp;</span></p></div><div><p><span style="font-size:11pt;color:rgb(3, 3, 56);">&nbsp;</span></p></div><div><p><span style="color:rgb(3, 3, 56);font-size:11pt;">At KriyaGo, we have the needed professional resources, a team who will customize them based on your business needs and stay within your budget. From</span><a href="https://www.kriyago.com/lease-audit" target="_blank" rel="noreferrer noopener"><span style="font-size:11pt;"><span style="color:rgb(72, 118, 232);">auditing leases</span></span></a><span style="color:rgb(3, 3, 56);font-size:11pt;"> to </span><span style="font-size:11pt;"><a href="https://www.kriyago.com/lease-abstraction" title="lease abstraction" rel=""><span style="color:rgb(72, 118, 232);">lease abstraction</span></a></span><span style="color:rgb(3, 3, 56);font-size:11pt;"> services and finally getting CAM reconciliation, our team can do it all.&nbsp;&nbsp;</span></p></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_tbSDhJNIlMznhd1vhV9i8Q" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_tbSDhJNIlMznhd1vhV9i8Q"] h2.zpheading{ line-height:50px; } [data-element-id="elm_tbSDhJNIlMznhd1vhV9i8Q"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="font-weight:700;color:rgb(61, 54, 136);font-size:30px;">Final Take</span><br></h2></div>
<div data-element-id="elm_UkMwEvYIIzfgcDurj8aKoA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_UkMwEvYIIzfgcDurj8aKoA"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div style="font-size:12px;"><div><div><div><div><div><div><div><div><div><div><div><div><p><span style="font-size:11pt;color:rgb(3, 3, 56);">Though CAM charges vary from property to property, there are some common charges that are the same for most properties. Like pest control, insurance, utilities, security, etc. You need to keep constant track of these to manage your portfolio's daily operations properly. From financial stability and seamless cash flow to improved leasing strategies, proper CAM reconciliation work can have a lot of great impacts.&nbsp;</span></p></div><div><p><span style="font-size:11pt;color:rgb(3, 3, 56);">&nbsp;</span></p></div><div><p><span style="font-size:11pt;color:rgb(3, 3, 56);">This volatile real estate market does not depend on the chance to establish a proper CAM process. Take charge and outsource your work to industry experts. Call KriyaGo today and understand how we work. Talk soon!&nbsp;</span></p></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div> ]]></content:encoded><pubDate>Fri, 21 Oct 2022 09:00:00 -0400</pubDate></item><item><title><![CDATA[7 Most Common Real Estate Accounting Mistakes to Avoid]]></title><link>https://www.kriyago.com/blogs/post/7-most-common-real-estate-accounting-mistakes-to-avoid</link><description><![CDATA[<img align="left" hspace="5" src="https://www.kriyago.com/7 most common real estate accounting mistakes to avoid_Squr.png"/>The real estate business is tricky and volatile, to say the least, if you add bad accounting particles to this mix, then it gets even more complicated ]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div data-element-id="elm_rAIM7Er1Qp-292cpLlmxaA" data-element-type="section" class="zpsection "><style type="text/css"></style><div class="zpcontainer-fluid zpcontainer"><div data-element-id="elm_SczPPCsBRRK6melwnMSMOw" data-element-type="row" class="zprow zprow-container zpalign-items- zpjustify-content- " data-equal-column=""><style type="text/css"></style><div data-element-id="elm_sgdvscDWSsmd84zyuFUAdg" data-element-type="column" class="zpelem-col zpcol-12 zpcol-md-12 zpcol-sm-12 zpalign-self- "><style type="text/css"></style><div data-element-id="elm_gZkLG0Jg1nwUuVumOulhjw" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_gZkLG0Jg1nwUuVumOulhjw"] .zpimage-container figure img { width: 800px ; height: 171.50px ; } } @media (max-width: 991px) and (min-width: 768px) { [data-element-id="elm_gZkLG0Jg1nwUuVumOulhjw"] .zpimage-container figure img { width:500px ; height:107.19px ; } } @media (max-width: 767px) { [data-element-id="elm_gZkLG0Jg1nwUuVumOulhjw"] .zpimage-container figure img { width:500px ; height:107.19px ; } } [data-element-id="elm_gZkLG0Jg1nwUuVumOulhjw"].zpelem-image { border-radius:1px; } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-center zpimage-size-large zpimage-tablet-fallback-large zpimage-mobile-fallback-large hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/7%20most%20common%20real%20estate%20accounting%20mistakes%20to%20avoid_Rect.png" width="500" height="107.19" loading="lazy" size="large" alt="7 ways to get better month-end closing - Best practices for your business " data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_VPhjUC5QSVWHE0l3vZBhcg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_VPhjUC5QSVWHE0l3vZBhcg"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">The real estate business is tricky and volatile, to say the least, if you add bad accounting particles to this mix, then it gets even more complicated. It can end up costing you millions and also cost you your reputation as an authentic real estate business.&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Accounting and back office are not the first things that real estate property managers think about. It is almost like an afterthought for most. But part of knowing the insides of your business lies in accounting. Why? Simply because accounting forms the backbone of your real estate business. From payments, cash flow, basic finances, budgeting, everything depends on your accounts. Though this might be uninteresting work, it can make or break your business, to say the least.&nbsp;</span></p></div></div></div>
</div><div data-element-id="elm_IJjbDxn4RqK24Mgc3UQlTg" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_IJjbDxn4RqK24Mgc3UQlTg"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="font-weight:700;font-size:32px;color:rgb(21, 21, 129);">7 common mistakes to avoid in real estate accounting&nbsp;</span><br></h2></div>
<div data-element-id="elm_jthg8Xeykxe6NZ_ewFPrnQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_jthg8Xeykxe6NZ_ewFPrnQ"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div style="font-size:12px;"><div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">You need to start from scratch when it comes to accounting. You need to get a better understanding of accounting in general and the specific accounting needs of your system.&nbsp;</span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">&nbsp;</span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">There are an umpteen number of mistakes that businesses commit along the way. Though these are very gross mistakes and seem negligible to the naked eye, they make up a very faulty system. So, how do you not let accounting become a big issue? What signs should you look out for? Here are the most common mistakes that real estate businesses make in their accounting process. Read on to know in detail.&nbsp;</span></p></div></div></div></div></div>
</div><div data-element-id="elm_8X64gu2hunSPYY6_2b62lw" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_8X64gu2hunSPYY6_2b62lw"].zpelem-heading { border-radius:1px; } </style><h3
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:rgb(21, 21, 129);"><span style="font-weight:700;font-size:28px;">1.&nbsp;</span><span style="font-size:28px;font-weight:700;">No proper data classification in departments&nbsp;</span></span><br></h3></div>
<div data-element-id="elm_Fh5OYTjJFHzZdrBqq_NpgQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_Fh5OYTjJFHzZdrBqq_NpgQ"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div style="font-size:12px;"><div><div><div><div><p><span style="color:rgba(0, 0, 0, 0.89);font-size:11pt;">Classifying financial data in real estate can be tricky. From separating </span><a href="https://www.investopedia.com/terms/c/capitalexpenditure.asp" target="_blank" rel="noreferrer noopener"><span style="font-size:11pt;color:rgb(72, 118, 232);">capital expenditure</span></a><span style="color:rgba(0, 0, 0, 0.89);font-size:11pt;"> from normal maintenance and repair costs, there can be a lot at stake. Discrepancies in these data can also send wrong indications to auditors and tax departments. This is exactly why you need to clearly divide data based on departments and expenditure types.&nbsp;</span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">&nbsp;</span></p></div><div><p><span style="color:rgba(0, 0, 0, 0.89);font-size:11pt;">It is also crucial that you back up these data in a cloud platform. Why? Studies say that more than </span><a href="https://hostingtribunal.com/blog/data-loss-statistics/#gref" target="_blank" rel="noreferrer noopener"><span style="font-size:11pt;color:rgb(72, 118, 232);">40 - 60% of small businesses close down</span></a><span style="color:rgba(0, 0, 0, 0.89);font-size:11pt;"> permanently after a complete data loss. A real estate firm of any size deals in millions and has multiple stakeholders to answer to. If you lose crucial financial data you will set yourself up for bigger problems. So set up the safety net of cloud data backing to avoid this.&nbsp;</span></p></div></div></div></div></div></div></div>
</div><div data-element-id="elm_h_f4I-GWG1EbIz10DU13ZA" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_h_f4I-GWG1EbIz10DU13ZA"].zpelem-heading { border-radius:1px; } </style><h3
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:rgb(21, 21, 129);"><span style="font-weight:700;font-size:28px;">2.&nbsp;</span></span><span style="font-size:28px;font-weight:700;color:rgb(21, 21, 129);">Incorrect financial record keeping&nbsp;</span><br></h3></div>
<div data-element-id="elm_v2aTgNgl2PmZ0872R5T50w" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_v2aTgNgl2PmZ0872R5T50w"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div style="font-size:12px;"><div><div><div><div><div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">If you are a real estate project manager or business owner loans are essential for construction work. But if you do not have your financial records straightened out then no banks and financiers will disburse loans to you. It will eventually delay your work and affect the credibility of your business. It is in the best interest of your company to keep the financial records healthy to avoid such scenarios.&nbsp;&nbsp;</span></p></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_jeIRSn-lOyALnRfuKLzn1Q" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_jeIRSn-lOyALnRfuKLzn1Q"].zpelem-heading { border-radius:1px; } </style><h3
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:rgb(21, 21, 129);"><span style="font-weight:700;font-size:28px;">3.&nbsp;</span></span><span style="font-size:28px;font-weight:700;color:rgb(21, 21, 129);">Disbursing funds before deliveries &amp; services are finished&nbsp;</span><br></h3></div>
<div data-element-id="elm_6i6tHJbe69SuW0nYsBt8qg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_6i6tHJbe69SuW0nYsBt8qg"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div style="font-size:12px;"><div><div><div><div><div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">It is quite an informal but known practice where real estate agents release trust or escrow before official confirmation. You might be dealing in good faith with your long term clients and vendors by disbursing funds based on word of mouth. But it is also an open avenue to initiate fraudulent payments. If not that renegotiations can also take place at the last moment and the actual commissions may end up changing. This difference in amount may cause a problem during month-end book closing.&nbsp;</span><br></p></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_1Z84DPBDDGSONWkhABxvsQ" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_1Z84DPBDDGSONWkhABxvsQ"].zpelem-heading { border-radius:1px; } </style><h3
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:rgb(21, 21, 129);"><span style="font-weight:700;font-size:28px;">4.&nbsp;</span></span><span style="font-size:28px;font-weight:700;color:rgb(21, 21, 129);">Not separating personal and business bank accounts&nbsp;</span></h3></div>
<div data-element-id="elm_499XepDjNZPWNmclC8r6Rw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_499XepDjNZPWNmclC8r6Rw"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div style="font-size:12px;"><div><div><div><div><div><div><div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">The real estate business has a sort of personal touch to it when there is client handling. Buying, selling, renting homes is bound to have that when real humans are involved. But some real estate managers end up mixing the personal and professional even in their accounts. It causes confusion and is financially unhealthy for all parties involved. This will only lead to jumbled up bookkeeping at the month-end. You will need to manually scavenge through your personal and business bank accounts to add up your transactions and close the books.&nbsp;&nbsp;</span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">&nbsp;</span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Separating the accounts will also save you from other audit liabilities, tax problems and legal issues.&nbsp;</span></p></div></div></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_6LtClGXMlMCADg2phv78rw" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_6LtClGXMlMCADg2phv78rw"].zpelem-heading { border-radius:1px; } </style><h3
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:rgb(21, 21, 129);"><span style="font-weight:700;">5.&nbsp;</span></span><span style="font-weight:700;color:rgb(21, 21, 129);">Failing to keep up with tax filings&nbsp;</span><br></h3></div>
<div data-element-id="elm_EhI0EdJXyb4FPFTtdRHbYg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_EhI0EdJXyb4FPFTtdRHbYg"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div style="font-size:12px;"><div><div><div><div><div><div><div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Filing taxes on time and following all regulations will benefit you by staying in the good books of the IRS. If you fail to keep up with these you will be liable to fines and penalties, eventually losing out on a lot of money.&nbsp;</span><br></p></div></div></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_xY-1TgbHcgs_wLZpfTTDBA" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_xY-1TgbHcgs_wLZpfTTDBA"].zpelem-heading { border-radius:1px; } </style><h3
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:rgb(21, 21, 129);"><span style="font-weight:700;">6.&nbsp;</span></span><span style="font-weight:700;color:rgb(21, 21, 129);">Not having experienced accounting staff&nbsp;</span><br></h3></div>
<div data-element-id="elm_U1O2oF63f0n6I87ZPwC8Sg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_U1O2oF63f0n6I87ZPwC8Sg"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div style="font-size:12px;"><div><div><div><div><div><div><div><div><div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">When there are budget issues sometimes real estate companies use staff from other departments to do the accounting. But accounting is a highly skilled job. The overhead cost of having your own expert accounting team is expensive and can burn a hole in your pocket.&nbsp;</span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">&nbsp;</span></p></div><div><p><span style="color:rgba(0, 0, 0, 0.89);font-size:11pt;">This is where KriyaGo’s outsourced bookkeeping services can help you. Our team of professional accountants can streamline the work and flag all discrepancies and close the books on time. More than </span><a href="https://moderngentlemen.net/outsourcing-statistics/" target="_blank" rel="noreferrer noopener"><span style="font-size:11pt;color:rgb(72, 118, 232);">24% of small businesses</span></a><span style="color:rgba(0, 0, 0, 0.89);font-size:11pt;"> get outsourced help to ease their work. You need to take inspiration from it and outsource your back office work to </span><span style="font-size:11pt;"><a href="https://whattobecome.com/blog/outsourcing-statistics/" rel=""><span style="color:rgb(72, 118, 232);">save more than 60% in costs</span></a></span><span style="font-size:11pt;"><a href="https://whattobecome.com/blog/outsourcing-statistics/" rel="" style="color:rgb(72, 118, 232);">and time.</a><span style="color:rgba(0, 0, 0, 0.89);">&nbsp;&nbsp;</span></span></p></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_vzrJ6NGYf5s94o69IcjL2w" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_vzrJ6NGYf5s94o69IcjL2w"].zpelem-heading { border-radius:1px; } </style><h3
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:rgb(21, 21, 129);"><span style="font-weight:700;">7.&nbsp;</span></span><span style="font-weight:700;color:rgb(21, 21, 129);">Trying to track commissions separately&nbsp;</span><br></h3></div>
<div data-element-id="elm_cjl6cp_7rd7WQKu-oiycAw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_cjl6cp_7rd7WQKu-oiycAw"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div><div><div><div><div><div><div><div><div><div><div><p><span style="color:rgba(0, 0, 0, 0.89);"><span style="font-size:14.6667px;">I</span><span style="font-size:14.6667px;">f you track and check commissions separately from other account works then you are simply doing the same data entry twice. You are wasting manpower and spending money on it. Multiple data entry only sets up your system for more human errors. You need to merge your commission tracking and accounting system. You can effortlessly track what is owed to which agent and also avoid all data overlap.&nbsp;</span></span></p></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_pgF1kWQ4cnKRBTp3e3R0bQ" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_pgF1kWQ4cnKRBTp3e3R0bQ"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:rgb(21, 21, 129);font-weight:700;">Final Thoughts</span></h2></div>
<div data-element-id="elm_4KlD4D7rkE-b62q3Ju39tQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_4KlD4D7rkE-b62q3Ju39tQ"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div><div><div><div><div><div><div><div><div><div><div><div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">In the present world, there is enough technology out there to make accounting work easy for your real estate business. As a real estate property manager, you just need to know which works best for you. A good technology selection in property management and accounting can help in your growth.&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="color:rgba(0, 0, 0, 0.89);font-size:11pt;">The KriyaGo team of expert accountants and technology consultants can do that for you. Do not let the monotonous office work get to you. </span><a href="https://www.kriyago.com/back-office-accounting" target="_blank" rel="noreferrer noopener"><span style="font-size:11pt;color:rgb(72, 118, 232);">Our outsourced accounting services</span></a><span style="color:rgba(0, 0, 0, 0.89);font-size:11pt;"> will get the tedious accounting work done for you. Our team of experts have been solving accounting problems for clients for years and have helped them save both money and labor. Book a consultation with us to know more about our services.&nbsp;</span></p></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div> ]]></content:encoded><pubDate>Fri, 05 Aug 2022 09:00:00 -0400</pubDate></item><item><title><![CDATA[How To Select The Right Real Estate ERP Software? ]]></title><link>https://www.kriyago.com/blogs/post/how-to-select-the-right-real-estate-erp-software</link><description><![CDATA[<img align="left" hspace="5" src="https://www.kriyago.com/How To Select The Right Real Estate ERP Software - squr.png"/>ERP is a proven tool to manage your business proficiently.  95% of businesses that implement an ERP  experiences improvements in business processes. In ]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div data-element-id="elm_CoRWEc99TESsN-T1G3hwww" data-element-type="section" class="zpsection "><style type="text/css"></style><div class="zpcontainer-fluid zpcontainer"><div data-element-id="elm_SlsxtNzcS9-w-jqme1AKFA" data-element-type="row" class="zprow zprow-container zpalign-items- zpjustify-content- " data-equal-column=""><style type="text/css"></style><div data-element-id="elm_bRlW2mRaSkKKgWB6LfQ6zg" data-element-type="column" class="zpelem-col zpcol-12 zpcol-md-12 zpcol-sm-12 zpalign-self- "><style type="text/css"> [data-element-id="elm_bRlW2mRaSkKKgWB6LfQ6zg"].zpelem-col{ border-radius:1px; } </style><div data-element-id="elm_1Kjv49Z2ThwdMJ4duNheQQ" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_1Kjv49Z2ThwdMJ4duNheQQ"] .zpimage-container figure img { width: 800px ; height: 171.25px ; } } @media (max-width: 991px) and (min-width: 768px) { [data-element-id="elm_1Kjv49Z2ThwdMJ4duNheQQ"] .zpimage-container figure img { width:500px ; height:107.03px ; } } @media (max-width: 767px) { [data-element-id="elm_1Kjv49Z2ThwdMJ4duNheQQ"] .zpimage-container figure img { width:500px ; height:107.03px ; } } [data-element-id="elm_1Kjv49Z2ThwdMJ4duNheQQ"].zpelem-image { border-radius:1px; } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-center zpimage-size-large zpimage-tablet-fallback-large zpimage-mobile-fallback-large hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/How%20To%20Select%20The%20Right%20Real%20Estate%20ERP%20Software%20-%20rect.png" width="500" height="107.03" loading="lazy" size="large" alt="How To Select The Right Real Estate ERP Software? " data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_JLsCTFTESyCb0VjthEilLA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_JLsCTFTESyCb0VjthEilLA"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div style="font-size:12px;"><p><span style="color:rgba(0, 0, 0, 0.89);font-size:11pt;">ERP is a proven tool to manage your business proficiently. </span><a href="https://cdn2.hubspot.net/hubfs/2184246/2018%20ERP%20Report.pdf" target="_blank" rel="noreferrer noopener"><span style="font-size:11pt;color:rgb(72, 118, 232);">95% of businesses that implement an ERP</span></a><span style="color:rgba(0, 0, 0, 0.89);font-size:11pt;"> experiences improvements in business processes. In addition, </span><span style="font-size:11pt;"><a href="https://ultraconsultants.com/wp-content/uploads/2021/02/Real-Facts-About-ERP-Implementation-final-rev-2.12.19.pdf" rel=""><span style="color:rgb(72, 118, 232);">82% of companies that use an ERP generated expected ROIs</span></a></span><span style="color:rgba(0, 0, 0, 0.89);font-size:11pt;"> within desired timelines.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">As a result, an ERP is a great investment for any business, especially real estate agencies. However, how do you select the right real estate ERP for your business?&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">What factors should you consider?&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Let’s find out!&nbsp;</span></p></div></div></div>
</div><div data-element-id="elm_Ae6JO3rWSL6JRlNsMWzh8Q" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_Ae6JO3rWSL6JRlNsMWzh8Q"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="font-weight:700;color:rgb(22, 22, 90);">Establish Your Needs to Choose the Right ERP</span></h2></div>
<div data-element-id="elm_oHC8yO03s1dko8qHn893dQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_oHC8yO03s1dko8qHn893dQ"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div style="font-size:12px;"><div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">ERPs come with a range of varying features that differ based on industries. Therefore, you should select an ERP that is designed for the real estate industry.&nbsp;</span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">In addition, go for a tool that aligns with your real estate sector. For example, construction businesses will need an ERP that lets them plan and manage projects.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">On the other hand, agencies in commercial real estate will have different needs. You may want a solution that helps you manage all your properties from a single interface.&nbsp;</span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Therefore, consider your business and operations to choose the right ERP.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">In addition, establish what you want out of your software. Or, determine the tasks or goals you want to achieve with your software. You can then decide the features you need in your software and choose the right option accordingly.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">For example, you may want to rely on your ERP for:&nbsp;</span></p></div><div><ul><li style="margin-left:24px;font-size:11pt;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Managing inventory&nbsp;</span></p></li><li style="margin-left:24px;font-size:11pt;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Create a single database of all your properties&nbsp;</span></p></li><li style="margin-left:24px;font-size:11pt;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Manage, sort, and report on finances&nbsp;</span></p></li></ul></div></div><div><div><ul><li style="margin-left:24px;font-size:11pt;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Automation of pre-sale process, like email replies&nbsp;</span></p></li></ul></div></div></div></div></div></div>
</div><div data-element-id="elm_PIoD4_bRCPIhd1zEKba0Ow" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_PIoD4_bRCPIhd1zEKba0Ow"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="font-weight:700;color:rgb(22, 22, 90);">Look for High Customizability</span></h2></div>
<div data-element-id="elm_mdkNRkc0bzZKCr38xWSVJg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_mdkNRkc0bzZKCr38xWSVJg"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div style="font-size:12px;"><div><div><div><div><p><a href="https://www3.technologyevaluation.com/research/article/erp-software-facts-stats-and-lessons-learned.html" target="_blank" rel="noreferrer noopener"><span style="font-size:11pt;color:rgb(72, 118, 232);">Around 50% of all ERP implementations fail</span></a><span style="color:rgba(0, 0, 0, 0.89);font-size:11pt;"> at the first attempt. One of the biggest reasons for the failures is the inability to tailor a solution based on your needs.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">The truth is, there is no one-size-fits-all when it comes to choosing an ERP. That’s why we recommended determining your needs in the first step.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">However, there is another step you need to ensure to make your implementation successful. Look for an ERP that you will be able to customize based on your unique business needs.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Otherwise, you will be left to use a solution designed with someone else in mind.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">The best way to get past this challenge is to talk with your software provider. Tell them your needs and see if they can tailor their offering to meet your circumstances.&nbsp;</span></p></div></div></div></div></div></div></div>
</div><div data-element-id="elm_GTGCOVJ22EkPDx-R5Igx3A" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_GTGCOVJ22EkPDx-R5Igx3A"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="font-weight:700;color:rgb(22, 22, 90);">Focus on User Experience</span></h2></div>
<div data-element-id="elm_ohRwMLATgmsIdiD-Pl5__A" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_ohRwMLATgmsIdiD-Pl5__A"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div style="font-size:12px;"><div><div><div><div><div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Not all ERPs are made the same. Some are simple, easy to navigate, and let you focus on what’s important.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div><p><span style="color:rgba(0, 0, 0, 0.89);font-size:11pt;">On the other hand, you may come across ERPs that make your life unpleasant. The problem is more common than you think, with </span><a href="https://www3.technologyevaluation.com/research/article/erp-software-facts-stats-and-lessons-learned.html" target="_blank" rel="noreferrer noopener"><span style="font-size:11pt;color:rgb(72, 118, 232);">user experience being among the top areas an ERP falls short</span></a><span style="font-size:11pt;"><span style="color:rgb(72, 118, 232);">.</span><span style="color:rgba(0, 0, 0, 0.89);">&nbsp;</span></span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">As a result, it is necessary to select a solution that is easy to use. However, the management should not be the only one to make the decision.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Your employees are going to use the software after all; so, you should gather their feedback before making the final call.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Get a few employees to test the trial version or demo of the ERP you want to choose. You can then find out how good or bad the user experience is in a jiffy.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Additionally, you can research reviews of the software for more information.&nbsp;</span></p></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_MV4gM7HzG2TT3f0fjN1j1w" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_MV4gM7HzG2TT3f0fjN1j1w"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="font-weight:700;color:rgb(22, 22, 90);">Look for a Mobile-Friendly Real Estate ERP</span></h2></div>
<div data-element-id="elm_Ao8XS6W-F8TfggFJ0xWJZQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_Ao8XS6W-F8TfggFJ0xWJZQ"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div><div><div><div><div><div><div><p><a href="https://www.digitalstrategyconsulting.com/transformation/mobile-marketing-daily-research-tips-news-and-case-studies-for-mobile-marketing-marketers/apps-boost-worker-productivity-34/11365/" target="_blank" rel="noreferrer noopener" style="font-size:12px;"><span style="font-size:11pt;color:rgb(72, 118, 232);">60% of employees today use mobile apps</span></a><span style="color:rgba(0, 0, 0, 0.89);font-size:11pt;"> to work productively. In addition, 21% of workers rely on department-specific apps to get tasks done.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p><div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">The trend is pretty prevalent in real estate where you need to send employees to the field. From property managers to sales reps, most workers use their phones to work on the go.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">As a result, your ERP should come with a mobile extension to facilitate work. It will allow your employees to work from outside the office and boost efficiency.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Best of all, you can even improve employee productivity by 34%. It will help you enjoy more returns from your investment along with your regular ROI.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">However, ensure that the ERP you choose has strong security. It should be able to secure users, data, and processes without any exception.&nbsp;</span></p></div></div></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_NmfkhD9t-ALFFwDvMRQbBg" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_NmfkhD9t-ALFFwDvMRQbBg"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="font-weight:700;color:rgb(22, 22, 90);">Make Sure Your ERP is Interoperable&nbsp;</span></h2></div>
<div data-element-id="elm_3XaIXGQ7tv4I3V4pzBTk0Q" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_3XaIXGQ7tv4I3V4pzBTk0Q"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div><div><div><div><div><div><div><div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Real estate agencies use a range of tools to manage day-to-day operations. You may use a real estate project management tool to stay on track of your projects. In addition, you may rely on accounting software or expense management tools to manage your finances.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Some agencies may even use an CRM to boost leads and handle customers.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">However, most of these tools are not interconnected. Adding a new ERP to the system, therefore, will not add much holistic value.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">For that, you need to connect all your disparate real estate tools. As a result, look for an ERP that you can easily integrate with your existing apps.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">You will be able to achieve seamless exchange of data and open the doors for new possibilities. In addition, you will be able to gain complete visibility across your business processes.</span></p></div></div></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_tEo1K14KvHZczZGDRBdbxA" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_tEo1K14KvHZczZGDRBdbxA"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="font-weight:700;color:rgb(22, 22, 90);">Choose a Real Estate ERP with Dedicated Support</span></h2></div>
<div data-element-id="elm_RnIMKqs4GBQfEYLmhhNH9w" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_RnIMKqs4GBQfEYLmhhNH9w"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div><div><div><div><div><div><div><div><div style="font-size:12px;"><div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">We saw how more than half of all ERP implementations fail. Users also experience issues with usability and operational disruption.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">As a result, it is better to be cautious and go for an ERP that comes with dedicated support. This is more important when you don’t have enough technical expertise in-house. You will need someone to resolve your queries and find your way around the new product.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Therefore, never select an ERP that has a questionable support team. You can always get in touch with your vendor and ask a few questions to test the support quality.&nbsp;</span></p></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_XTFJzxTspcFPiYsWE_j8wA" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_XTFJzxTspcFPiYsWE_j8wA"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="font-weight:700;color:rgb(22, 22, 90);">Final Thoughts</span></h2></div>
<div data-element-id="elm_SR_dS9Cb9C34-DsXUJAbGA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_SR_dS9Cb9C34-DsXUJAbGA"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div><div><div><div><div><div><div><div><div style="font-size:12px;"><div><div><p><span style="color:rgba(0, 0, 0, 0.89);font-size:11pt;">A real estate ERP is a great investment to streamline operations and boost productivity. There are several quality options in the market that you can choose based on your needs. For example,&nbsp;</span><a href="https://www.kriyago.com/micasa%22%20/t%20%22_blank" target="_blank" rel="noreferrer noopener"><span style="font-size:11pt;color:rgb(72, 118, 232);">MiCasa</span></a><span style="color:rgba(0, 0, 0, 0.89);font-size:11pt;"> is an apt ERP for real estate agencies looking to improve efficiency. It comes with all the vital features to grow your business and stay in control. In addition, you can be sure of ongoing support for your complete peace of mind.&nbsp;</span><br></p></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div> ]]></content:encoded><pubDate>Wed, 23 Mar 2022 09:00:00 -0400</pubDate></item><item><title><![CDATA[The Top CAM Reconciliation Tips You Need to Know]]></title><link>https://www.kriyago.com/blogs/post/the-top-cam-reconciliation-tips-you-need-to-know-in-2022</link><description><![CDATA[<img align="left" hspace="5" src="https://www.kriyago.com/files/The Top CAM Reconciliation Tips You Need to Know in 2022 - squr.png"/>Common Area Maintenance (CAM) reconciliation seems pretty simple at the outset. You just add up your costs and pitch them against your budget to close ]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div data-element-id="elm_PwCWd19PQAiIkSAXWwVApQ" data-element-type="section" class="zpsection "><style type="text/css"></style><div class="zpcontainer-fluid zpcontainer"><div data-element-id="elm_7WNTibphTmS8jnmE2e44Lw" data-element-type="row" class="zprow zprow-container zpalign-items- zpjustify-content- " data-equal-column=""><style type="text/css"></style><div data-element-id="elm_C_xtjbdPSH-fwcoqs0zdCA" data-element-type="column" class="zpelem-col zpcol-12 zpcol-md-12 zpcol-sm-12 zpalign-self- "><style type="text/css"></style><div data-element-id="elm_uBQlsBsiL0b4pendLiW0Xg" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_uBQlsBsiL0b4pendLiW0Xg"] .zpimage-container figure img { width: 1080px ; height: 231.19px ; } } @media (max-width: 991px) and (min-width: 768px) { [data-element-id="elm_uBQlsBsiL0b4pendLiW0Xg"] .zpimage-container figure img { width:723px ; height:154.77px ; } } @media (max-width: 767px) { [data-element-id="elm_uBQlsBsiL0b4pendLiW0Xg"] .zpimage-container figure img { width:415px ; height:88.84px ; } } [data-element-id="elm_uBQlsBsiL0b4pendLiW0Xg"].zpelem-image { border-radius:1px; } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-center zpimage-tablet-align-center zpimage-mobile-align-center zpimage-size-fit zpimage-tablet-fallback-fit zpimage-mobile-fallback-fit hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/files/The%20Top%20CAM%20Reconciliation%20Tips%20You%20Need%20to%20Know%20in%202022%20%20-%20rect.png" width="415" height="88.84" loading="lazy" size="fit" alt="The Top CAM Reconciliation Tips You Need to Know in 2022 " data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_uyoTfPJRSAqLlwysG41e4A" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_uyoTfPJRSAqLlwysG41e4A"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Common Area Maintenance (CAM) reconciliation seems pretty simple at the outset. You just add up your costs and pitch them against your budget to close your books.&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">However, the reality is far from this ideal picture. Most real estate agencies are left scratching their heads trying to figure out what’s due from tenants or how much to pay back.&nbsp;&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br/></span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Undoubtedly, CAM reconciliation can turn out to be complex, especially for large businesses. You can lose your way in the expenses if you manage several properties.&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">However, worry not, as we have the best CAM reconciliation tips for 2022. You can implement them right away and optimize your CAM reconciliation process today.&nbsp;</span></p></div></div></div>
</div><div data-element-id="elm_90Ge5M0rTUe2pJYoq3QknQ" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_90Ge5M0rTUe2pJYoq3QknQ"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span style="font-weight:bold;font-size:32px;color:rgb(22, 22, 90);">Don’t Forget to Track Every Expense</span><span style="font-weight:700;font-size:13pt;"><span style="color:rgb(22, 22, 90);">&nbsp;</span><span style="color:inherit;">&nbsp;</span></span><br/></h2></div>
<div data-element-id="elm_rJPuiaqfLsZetOqFeZJEDg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_rJPuiaqfLsZetOqFeZJEDg"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><div style="font-size:12px;"><div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">CAM expenses can cover a wide range of activities. From general repairs to HVAC to the salary of staff, the expenses can become overwhelming.&nbsp;</span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">In addition, property managers may make some expenses without recording them. These expenses may seem small at the occasion but can add up to a significant amount at the end of the year.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br/></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Each building you own or operate can thus have countless unaccounted expenses. Naturally, that will cause a dent in your profitability and eat up your revenues.&nbsp;</span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Therefore, it is necessary to track every expense you make for CAM, for all your properties.&nbsp;</span></p></div></div></div></div></div>
</div><div data-element-id="elm_nBgavf6ktL05kUNbEUPF9Q" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_nBgavf6ktL05kUNbEUPF9Q"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span style="color:rgb(22, 22, 90);"><span style="font-size:32px;"><span style="font-weight:bold;">Create a Single Source of Truth</span></span><span style="font-weight:700;font-size:13pt;">&nbsp;</span></span><span style="font-weight:700;font-size:13pt;"><span style="font-size:32px;color:rgb(22, 22, 90);">&nbsp;</span><span style="color:inherit;">&nbsp;</span></span><br/></h2></div>
<div data-element-id="elm_XAE7wdSkFAHmT3JRfkRyXA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_XAE7wdSkFAHmT3JRfkRyXA"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><div style="font-size:12px;"><div><div><div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">It is much easier to track all your CAM expenses if you have a single source of truth. However, not all realtors or property managers follow this advice. They may maintain several spreadsheets or track their expenses based on vendor accounts.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br/></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">The need of the hour is to switch to a single spreadsheet for each building. You can then get a ready source of data from a single source to perform your reconciliation.&nbsp;</span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Many real estate agencies today use digital solutions to manage their properties. However, these tools work in silos and don’t talk to each other.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br/></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">As a result, the data in one tool is not available in others. So, your CAM calculations can go for a toss if you use several tools to track your CAM costs.&nbsp;</span></p></div><div><p><span style="font-size:11pt;"><span style="color:rgba(0, 0, 0, 0.89);">Therefore, use a single</span><span style="color:rgb(72, 118, 232);"> </span></span><a href="https://www.kriyago.com/micasa" target="_blank" rel="noreferrer noopener"><span style="font-size:11pt;color:rgb(72, 118, 232);">property management platform like MiCasa</span></a><span style="color:rgba(0, 0, 0, 0.89);font-size:11pt;"> to manage your CAM reconciliation. Alternately, you can also </span><span style="font-size:11pt;"><a href="https://www.kriyago.com/kriyago-blox" title="integrate all your real estate tools" rel=""><span style="color:rgb(72, 118, 232);">integrate all your real estate tools</span></a></span><span style="color:rgba(0, 0, 0, 0.89);font-size:11pt;"> to allow data to flow freely throughout teams and departments.&nbsp;</span></p></div></div></div></div></div></div></div>
</div><div data-element-id="elm_vkeadZWUGcQiv2l8UfflJQ" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_vkeadZWUGcQiv2l8UfflJQ"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span style="color:rgb(22, 22, 90);"><span style="font-size:32px;"><span style="font-weight:bold;">Be CAM Audit Ready</span></span><span style="font-weight:700;font-size:13pt;">&nbsp;</span></span><span style="font-weight:700;font-size:13pt;"><span style="font-size:32px;color:rgb(22, 22, 90);">&nbsp;</span><span style="color:inherit;">&nbsp;</span></span><br/></h2></div>
<div data-element-id="elm_WysfIV1KrvUIfqDJULPkLg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_WysfIV1KrvUIfqDJULPkLg"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><div style="font-size:12px;"><div><div><div><div><div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">CAM expenses can form a large part of the lease payment for tenants. It can add up to become a significant amount as the price of goods and services increases.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br/></span></p></div><div><p><span style="font-size:11pt;"><span style="color:rgba(0, 0, 0, 0.89);">For example,</span><span style="color:rgb(72, 118, 232);"> </span></span><a href="https://www.naahq.org/news-publications/units/september-2019/article/2019-naa-survey-operating-income-expenses-rental" target="_blank" rel="noreferrer noopener"><span style="font-size:11pt;color:rgb(72, 118, 232);">property taxes have increased by more than 2-times</span></a><span style="color:rgba(0, 0, 0, 0.89);font-size:11pt;"> between 2009 and 2019. Services like pest control and security also experienced double-digit growth, as per the National Apartment Association survey.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br/></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">As a result, your tenants can invoke their rights to audit your CAM reconciliation. The trend is more common when you are dealing with industrial, retail, or corporate tenants.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br/></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Therefore, always maintain a comprehensive record of your CAM expenses. You should also comply with the applicable accounting standards for your jurisdiction.&nbsp;</span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">You can boost your reputation and improve tenant retention by staying audit-ready. It also shows you are transparent and don’t intend to take undue advantage of your tenants.&nbsp;</span></p></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_2wgU81e7UKXIKdmd-Cc5Dw" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_2wgU81e7UKXIKdmd-Cc5Dw"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span style="font-weight:700;"><span style="color:rgb(22, 22, 90);">Factor In Your Tenant Occupancy</span><span style="font-size:13pt;color:inherit;">&nbsp;</span></span><br/></h2></div>
<div data-element-id="elm_d0VQfeFSuFglsVfXu4etUA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_d0VQfeFSuFglsVfXu4etUA"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><div style="font-size:12px;"><div><div><div><div><div><div><div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Are you reconciling your CAM expenses based on 100% occupancy?&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br/></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">This is a common mistake many real estate agencies make. They calculate the CAM costs considering full occupancy.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br/></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">However, they forget to consider the changes in expenses that occupancy rates can impact.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br/></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">For example, a tenant should pay for electricity, janitorial services, or water only for the months they occupy your space.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br/></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Therefore, you have to account for the number of days a tenant occupies your property. So, if a lease begins in April, the tenant should pay for these expenses for the remaining term.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br/></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">On the other hand, some expenses don’t change with occupancy. The list may include payments for amenities, security services, and similar expenses.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br/></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">As a result, consider every CAM expense individually and make your calculation.&nbsp;</span></p></div></div></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_2cFJGt3Dk-WAVJa1nBw-yg" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_2cFJGt3Dk-WAVJa1nBw-yg"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span style="font-weight:700;"><span style="color:rgb(22, 22, 90);">Prepare Yourself While There is Time</span><span style="font-size:13pt;color:inherit;">&nbsp;</span></span><br/></h2></div>
<div data-element-id="elm_BkHq_qu0gyyCS6dglQ9Ybg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_BkHq_qu0gyyCS6dglQ9Ybg"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><div style="font-size:12px;"><div><div><div><div><div><div><div><div><div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">CAM reconciliations are generally due within 3 – 4 months after the calendar year ends. The time may seem enough to match your books but not so in reality.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br/></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Most real estate agencies spend hours shuffling through countless leases. You might also have to pay your employees overtime to complete the workflow within the deadline.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br/></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Naturally, such a process opens room for errors and miscalculations.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br/></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Therefore, start early and prepare your spreadsheet beforehand. After that, you can start filling in your annual data.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br/></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">The same applies to any software you use for CAM reconciliation. Set up your software in advance so that you can quickly record your data and get over with your CAM calculations.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br/></span></p><p><a href="https://crej.com/news/best-practices-for-this-years-cam-reconciliation-process/" target="_blank" rel="noreferrer noopener"><span style="font-size:11pt;color:rgb(72, 118, 232);">This small step can go a long way to simplify your CAM reconciliation</span></a><span style="color:rgba(0, 0, 0, 0.89);font-size:11pt;">, says Colorado Real Estate Journal.&nbsp;</span><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br/></span></p></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_GU0HmXLn6evEX0VR2gFalg" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_GU0HmXLn6evEX0VR2gFalg"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span style="color:rgb(22, 22, 90);font-weight:700;">Outsource Your CAM Reconciliation</span></h2></div>
<div data-element-id="elm_wQw9vH8lHs4lkjBOAS8Bfg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_wQw9vH8lHs4lkjBOAS8Bfg"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><div style="font-size:12px;"><div><div><div><div><div><div><div><div><div><div><div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">CAM calculations and reconciliation can become a burden on growing real estate agencies. It demands considerable resources and in-house talents to perform the process efficiently.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br/></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Additionally, you cannot take any shortcuts as your reconciliation affects your profitability. You also have to be 100% accurate as you don’t want to overcharge your tenants.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br/></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">That could take a toll on your brand image and even make occupants leave.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br/></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">As a result, it can be a strategic decision to outsource your CAM billing and reconciliation. However, you should always work with a reliable partner with due experience in your industry.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br/></span></p></div><div><p><span style="font-size:11pt;"><span style="color:rgba(0, 0, 0, 0.89);">Real estate agents and realtors can partner with KriyaGo to</span><span style="color:rgb(72, 118, 232);"> </span></span><a href="https://www.kriyago.com/cam-reconciliation" target="_blank" rel="noreferrer noopener"><span style="font-size:11pt;color:rgb(72, 118, 232);">outsource CAM responsibilities</span></a><span style="color:rgba(0, 0, 0, 0.89);font-size:11pt;">. We can help you enjoy a hands-off approach to boost your profitability and eliminate irregularities.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br/></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Additionally, you can always rely on our expert team for the best results. Get in touch with us now to discuss your requirements.&nbsp;</span></p></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_m_3LBlHFRbEBUAye655xPg" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_m_3LBlHFRbEBUAye655xPg"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span style="color:rgb(22, 22, 90);font-weight:700;">Final Thoughts</span></h2></div>
<div data-element-id="elm_5JFBO3a9GqEg63DEhVsgVQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_5JFBO3a9GqEg63DEhVsgVQ"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><div style="font-size:12px;"><div><div><div><div><div><div><div><div><div><div><div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">CAM reconciliation should be a well-thought-out process for every real estate agency. You should prepare beforehand and track every change over the year. In addition, calculate occupancy and maintain a single source of truth for accurate calculations. In the end, work with a reputed partner like KriyaGo to outsource your CAM reconciliation to save time and costs.&nbsp;</span><br/></p></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div> ]]></content:encoded><pubDate>Fri, 18 Mar 2022 09:00:00 -0400</pubDate></item><item><title><![CDATA[Real Estate Back Office Accounting: Top Mistakes to Avoid ]]></title><link>https://www.kriyago.com/blogs/post/real-estate-back-office-accounting-top-mistakes-to-avoid</link><description><![CDATA[<img align="left" hspace="5" src="https://www.kriyago.com/Real Estate Back Office Accounting- Top Mistakes to Avoid  - squr.png"/>Most real estate agencies rely on their back offices for day-to-day accounting. The list of tasks covers a wide range of verticals, from vendor paymen ]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div data-element-id="elm_LnfkSFn7TuSTCkagz3SczQ" data-element-type="section" class="zpsection "><style type="text/css"></style><div class="zpcontainer-fluid zpcontainer"><div data-element-id="elm_sVf6XxGXT6yZGwrp7DpbRA" data-element-type="row" class="zprow zprow-container zpalign-items- zpjustify-content- " data-equal-column=""><style type="text/css"></style><div data-element-id="elm_54wXDnTAR4Wu3QW-X8tXQw" data-element-type="column" class="zpelem-col zpcol-12 zpcol-md-12 zpcol-sm-12 zpalign-self- "><style type="text/css"></style><div data-element-id="elm_RRuRLnKpfui-Gkonke_iVA" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_RRuRLnKpfui-Gkonke_iVA"] .zpimage-container figure img { width: 800px ; height: 171.25px ; } } @media (max-width: 991px) and (min-width: 768px) { [data-element-id="elm_RRuRLnKpfui-Gkonke_iVA"] .zpimage-container figure img { width:500px ; height:107.03px ; } } @media (max-width: 767px) { [data-element-id="elm_RRuRLnKpfui-Gkonke_iVA"] .zpimage-container figure img { width:500px ; height:107.03px ; } } [data-element-id="elm_RRuRLnKpfui-Gkonke_iVA"].zpelem-image { border-radius:1px; } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-center zpimage-size-large zpimage-tablet-fallback-large zpimage-mobile-fallback-large hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/Real%20Estate%20Back%20Office%20Accounting-%20Top%20Mistakes%20to%20Avoid%20-%20squr.png" width="500" height="107.03" loading="lazy" size="large" alt="Real Estate Back Office Accounting: Top Mistakes to Avoid " data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_Ru2xBRbWSJakuTq0UL5FFQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_Ru2xBRbWSJakuTq0UL5FFQ"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Most real estate agencies rely on their back offices for day-to-day accounting. The list of tasks covers a wide range of verticals, from vendor payments to employee reimbursements.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">As a result, the back office requires considerable resources and hours to do its job efficiently.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">However, most real estate’s back office accounting is in a mess. The department is riddled with inefficient processes and workflows that take a toll on productivity.&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Therefore, you need to be aware of the top back office accounting mistakes that can haunt your agency. Below, you will find the most applicable mistakes that modern real estate back offices make.&nbsp;</span></p></div></div></div>
</div><div data-element-id="elm_wUT8MB99Tyu0P2jf0_4dFw" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_wUT8MB99Tyu0P2jf0_4dFw"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="font-weight:bold;font-size:32px;color:rgb(22, 22, 90);">Relying on Manual Data Entry</span><span style="color:inherit;font-weight:700;font-size:13pt;">&nbsp;</span><br></h2></div>
<div data-element-id="elm_Y7DynhxZf90niPkcBS18uQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_Y7DynhxZf90niPkcBS18uQ"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div style="font-size:12px;"><div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Back office accounting in any industry involves dealing with a lot of data. Unfortunately, real estate agencies are still using paper processes or spreadsheets for the process.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">As a result, they have to deal with huge volumes of manual data entry that take a painstakingly long time.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div><p><span style="color:rgba(0, 0, 0, 0.89);font-size:11pt;">In addition, manual data entry leads to errors. Research shows the </span><a href="https://www.researchgate.net/publication/1907590_Thinking_is_Bad_Implications_of_Human_Error_Research_for_Spreadsheet_Research_and_Practice" target="_blank" rel="noreferrer noopener"><span style="font-size:11pt;color:rgb(72, 118, 232);">probability of human error is 18% to 40% while recording data</span></a><span style="color:rgba(0, 0, 0, 0.89);font-size:11pt;"> into a simple spreadsheet.&nbsp;</span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">For complex data spreadsheets, the probability jumps to 100%.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">It is not easy to rule out manual data entry so easily. However, brokers should make an effort to automate as much of the process as possible.&nbsp;</span></p></div><div><p><span style="color:rgba(0, 0, 0, 0.89);font-size:11pt;">For example</span><a href="https://www.kriyago.com/integration-services" target="_blank" rel="noreferrer noopener"><span style="font-size:11pt;"><span style="color:rgba(0, 0, 0, 0.89);">, </span><span style="color:rgb(72, 118, 232);">integrating your existing tools</span></span></a><span style="color:rgba(0, 0, 0, 0.89);font-size:11pt;"> can be an excellent way to automate data entry. You can capture invoices from your </span><span style="font-size:11pt;"><a href="https://www.kriyago.com/micasa" title="property management tool " rel="" style="color:rgb(72, 118, 232);">property management too</a><span style="color:rgb(72, 118, 232);">l&nbsp;</span></span><span style="color:rgba(0, 0, 0, 0.89);font-size:11pt;">and have the data recorded in your accounting software automatically.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">The process saves time and improves data accuracy. Additionally, you can look forward to a boost in productivity.&nbsp;</span></p></div></div></div></div></div>
</div><div data-element-id="elm_DjfzkK9WK1zLJYTS3ZTP6g" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_DjfzkK9WK1zLJYTS3ZTP6g"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:rgb(22, 22, 90);font-weight:700;">Not Giving Up Manual Accounting Processes</span></h2></div>
<div data-element-id="elm_jC5iLCSjQGPkLElBXn3OuQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_jC5iLCSjQGPkLElBXn3OuQ"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div style="font-size:12px;"><div><div><div><div><p><span style="color:rgba(0, 0, 0, 0.89);font-size:11pt;">This is a continuation of the mistake we discussed above. </span><a href="https://financialpost.com/personal-finance/business-essentials/63-per-cent-of-companies-consider-excel-a-vital-accounting-tool" target="_blank" rel="noreferrer noopener"><span style="font-size:11pt;color:rgb(72, 118, 232);">63% of businesses today still work with spreadsheets</span></a><span style="color:rgba(0, 0, 0, 0.89);font-size:11pt;"> and manual accounting processes.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Needless to say, the consequences are more than the risk of human errors. The list of dangers includes wastage of time, money, and resources.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">In addition, it increases the potential for fraud and invites financial risks. Moreover, you can expect your audits to get more complex and expensive.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Worst of all, you will experience a massive challenge to scale your manual accounting processes. As a result, it may even restrict your business growth.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">The need of the hour is to digitize your accounting processes. Choose the right tools that align with your needs and help you achieve your business objectives.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Then you can enjoy a hands-off approach for back office accounting tasks like matching invoices or bank reconciliations.&nbsp;</span></p></div></div></div></div></div></div></div>
</div><div data-element-id="elm_lyzVxgslKXKFbJhi3VGnCA" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_lyzVxgslKXKFbJhi3VGnCA"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:rgb(22, 22, 90);font-weight:700;">Accounting at the End of the Month</span></h2></div>
<div data-element-id="elm_iLUm-cB6Uudro2Fcccc0gA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_iLUm-cB6Uudro2Fcccc0gA"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div style="font-size:12px;"><div><div><div><div><div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Most real estate agencies will wait till the end of the month to complete accounting. Most probably your back office staff will spend the last day of the month reconciling expenses and matching books.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">This approach may get the job done but is not ideal if you want to operate efficiently.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Waiting till the end of the month to do your back office accounting lowers your financial visibility. You cannot be sure of your cash flow or where your money is going.&nbsp;</span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Therefore, you cannot make accurate financial predictions and risk losing out to the competition.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">As a result, you should aim for real-time accounting. Record your debits or credits as they happen so that you have complete visibility into your financial position.&nbsp;</span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">You can also use a wide array of tools like a spend management solution to facilitate real-time accounting.&nbsp;</span></p></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_UjU7IdrkMq76IQtekUyY_A" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_UjU7IdrkMq76IQtekUyY_A"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:rgb(22, 22, 90);font-weight:700;">Not Analyzing your Financial Data</span></h2></div>
<div data-element-id="elm_R7JC3AgUFJD8hFeffs_AsQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_R7JC3AgUFJD8hFeffs_AsQ"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div><div><div><div><div><div><div><div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">As noted earlier, real estate back office accounting manages a huge volume of financial data. The information may include vendor payments, SaaS expenses, wages, cost of services, and more.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">However, most businesses don’t utilize or make the most of this data. They don’t use it for financial analyses to cut costs or maximize value from their procurement.&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">As a result, they miss out on wonderful opportunities to improve profitability or their bottom line.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Therefore, analyze your accounting data periodically to sport patterns and trends. You can then assimilate your findings to generate vital insights.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div><p style="font-size:12px;"><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Many accounting or spend management tools come with advanced analytics. They provide readymade insights for you to leverage. You can also customize your solution to track specific data and make more informed financial decisions.&nbsp;</span></p><p style="font-size:12px;"><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">The returns are guaranteed, as data-driven businesses are </span><a href="https://online.hbs.edu/blog/post/data-driven-decision-making" target="_blank" rel="noreferrer noopener" style="font-size:12px;"><span style="font-size:11pt;color:rgb(72, 118, 232);">3-times more likely to experience improvements in decision-making</span></a><span style="color:rgb(72, 118, 232);font-size:14.6667px;">.</span><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div></div></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_LqiQQ1fiFUm9j6B3LKXE-Q" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_LqiQQ1fiFUm9j6B3LKXE-Q"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:rgb(22, 22, 90);font-weight:700;">Not Making Timely Payments</span></h2></div>
<div data-element-id="elm_fN0XBgTBjbQq93eFDqfxXQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_fN0XBgTBjbQq93eFDqfxXQ"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div><div><div><div><div><div><div><div><div style="font-size:12px;"><div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">The real estate industry works with a wide range of stakeholders. Construction companies, security agencies, software vendors, material suppliers – the list is almost endless.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Undoubtedly, your stakeholders impact the performance of your business and productivity. For example, strained relationships with a supplier might affect your supply chain and delay your time to market.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">In this regard, most real estate back offices struggle with payment processing. The staff often has too much to handle and not enough resources to work efficiently.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">As a result, late payments are common in real estate. Most agencies fail to pay their suppliers or vendors on time, risking the business relationship.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Therefore, make an effort to make timely payments and aim for real-time payment processing. You can rely on a digital solution to automate the process and boost productivity.&nbsp;</span></p></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_qWbVlkg0A8BoXGrawLm7Jg" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_qWbVlkg0A8BoXGrawLm7Jg"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:rgb(22, 22, 90);font-weight:700;">Working with Poor Talent&nbsp;</span></h2></div>
<div data-element-id="elm_zUBVV2FsM91S7-r4aq4sfQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_zUBVV2FsM91S7-r4aq4sfQ"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div><div><div><div><div><div><div><div><div style="font-size:12px;"><div><div><div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Back office accounting comes as an afterthought to many brokers. As a result, they don’t hire the right talent for their daily bookkeeping.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">They want to save costs and work with a skeleton staff to just get the job done.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Needless to say, such an approach means more risks for your business. You can never be sure of the accuracy of your financial records and reports.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">In addition, you will miss out on the skills of an expert accountant that hampers your accounting processes.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Therefore, never compromise on skills and experience.&nbsp;</span></p></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_ii1Xkyf3qIqbyZUYfSIXJw" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_ii1Xkyf3qIqbyZUYfSIXJw"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:rgb(22, 22, 90);font-weight:700;">Final Thoughts</span></h2></div>
<div data-element-id="elm_amnXtMJ7VGi0V582k3PV2w" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_amnXtMJ7VGi0V582k3PV2w"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div><div><div><div><div><div><div><div><div style="font-size:12px;"><div><div><div><div><p><span style="color:rgba(0, 0, 0, 0.89);font-size:11pt;">Back office accounting can be a challenging task to handle. It may be a better decision to </span><a href="https://www.kriyago.com/back-office-accounting" target="_blank" rel="noreferrer noopener"><span style="font-size:11pt;color:rgb(72, 118, 232);">outsource your accounting needs</span></a><span style="color:rgba(0, 0, 0, 0.89);font-size:11pt;"> to a reliable partner like KriyaGo. We have the best team of bookkeepers and certified accountants to make a difference. Our team will take care of your day-to-day accounting and provide solid guidance to gain a competitive edge. Contact us today to know more.&nbsp;</span><br></p></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div> ]]></content:encoded><pubDate>Fri, 18 Feb 2022 15:00:00 -0500</pubDate></item></channel></rss>