IN THE WORKS

Tenants, Here is Why You Need Our Essential Lease Accounting Software Property Works Makes Meeting ASC 842 Requirements Simpler Than Ever Maintaining compliance with ASC 842, which became effective January of 2022, can be complicated if you're managing your lease accounting with unwieldy, error-prone methods like manual spreadsheets. Property Works’ streamlined solution offers you robust reporting in an easily auditable format, saving you time and stress. We broke down the differences between ASC 842 and how it differs from its predecessor ASC 840 in this previous post.

Landlord consent and approvals: they're a necessary step in portfolio transactions from purchase and sale, to refinancing and mergers and acquisitions. Obtaining a landlord’s signature may seem like an easy ask, but underestimating the time and relationship management skills required, can tax in-house and outside counsel resources and cost you twice as much as it could.

Mortgages, lease assignments, landlord notices—documents like these can demand completion of duplicative paperwork and tedious, time-consuming forms. That's why Property Works is excited to offer Mortgage and Assignment Preparation as one of our recently added a la carte Transactional Support Services. With our signature combination of robust software and professional services, we turn that mountain of paper into a streamlined process that gets you through these transactions quickly with confidence, clarity, and greater operational efficiency.

When it comes to the complexities of lease portfolio management and transactions, overwhelm can be a substantial hindrance to clear decision-making. Without a full understanding of all the ramifications for your business, lease portfolio acquisitions can be rife with surprise pitfalls and cloudy . That's why Property Works offers lease management and transactional support services: we are the experts so you don't have to be. While we offer a comprehensive array of services, from lease administration to ESG guidance, in this post we're giving you an in-depth look at one of our most complex transactional support services: Lease Portfolio Diligence.

Multi-unit operators understand the complexity of keeping licenses and permits current. Each location has multiple licenses across different jurisdictions. It takes an...

The process of obtaining landlord consents across entire lease portfolios is notoriously complex. Mail merges, ongoing correspondence with landlords, and other minute tasks demand meticulous time and attention for the refinancing to close. Whether it’s whole business securitization or an acquisition, business operators require a dedicated team to guide them through the maze of administrative and technical requirements.

The twenty-first-century Commercial Real Estate (CRE) firm has evolved beyond the traditional approach to lease management. Requirements on both the client and broker side have made relying on individual spreadsheets not only outdated, but a liability.

As a multi-unit retail operator, it can be challenging to keep up with every aspect of your properties’ data. Hence the importance of a streamlined lease-management...

When it comes to being a multi-unit business operator, keeping tabs on data for every property can seem like an uphill battle. The problem is made worse by relying on rigid spreadsheets which are not shared between departments.