Outsourced Lease administration teams across the real estate management industry are under immense pressure to reduce operating costs. Fighting against rising major costs (CAM, utility, tax expenses) is stressful and is challenging the resources of many property management departments.
Not time for status-quo thinking
This is not a time for status-quo thinking on the part of in-house lease administration teams. As the pressure of a “whatever it takes” atmosphere pushes many teams to consider new strategies, one particularly effective approach for property management professionals to explore is to enlist the help of outsourced lease administration vendors. This strategy allows department managers to expand staffing capabilities for lease audit recovery, meet critical lease renewal obligations, and improve lease obligation efficiencies.
Outsourced lease administration specialists such as Eximius BPO are filling their assignment calendars at a rapid pace. Why now? Field auditing assignments are reaching an all-time high. To accommodate the increased business and need for expert services, Eximius BPO has expanded its staff. Their goal is to quickly put a team on assignment to identify valuable cost recovery results. In turn, these recovery credits can easily pay for the costs of other services.
Another important issue in today’s economy is the need for critical dates management. Ongoing lease administration is similarly important because it forces teams to think about the future. Companies with reliable record management resources are better positioned to survive in these difficult times. Lease renewals require “down the road” thinking. Property management departments must strategically evaluate current market rents, as well as projected expectations in the future, by leveraging extensions.
CFOs simply do not want to hear the reasons why lease administrators can’t get the job done. By utilizing Eximius BPO resources, clients are assured of quality, efficient database management. Contact us today to find out how we can help you get the job done.