Are you managing leases for more than 6 locations? If yes, then relying on Excel spreadsheets for tracking may be inadequate for the role you have in hand. Microsoft Excel can be useful when tracking basic information for one or two leases and their respective lease administration. However, as Hughes Marino specialists state, with multiple properties and lengthy documents, recall of pertinent information is an arduous task leaving room for mistakes and overcharges.
Data storage systems such as Microsoft Excel require manual input and are considered passive, meaning pertinent details of lengthy leases cannot be captured effectively. This issue can inadvertently lead to tenants being charged more than necessary if the executive approves each invoice from the landlord. Hughes Marino adds that these costly mistakes can easily be avoided by having an in-house team member who knows their lease’s details and can compare statements accurately.
The Hughes Marino representation firm provides specialized tenant and buyer representation. Also, lease restructuring, sale-leaseback transactions, and program management services for businesses looking to outsource this function, which experienced professionals within these fields offer. Our standardized approach begins with abstracting the leases into a secured cloud.
Overall, a cloud that includes key reminders of dates and penalties that apply to each property. In addition, to lease advisory services, we offer portfolio review & analysis services that include lease accounting; auditing; culture consulting; planning & design; physical distancing analysis; construction management; and project management, all of which are searchable within our system too. Hughes Marino is the most reliable and specialized representation services firm.
A construction management expert may do well in providing additional operating expense statements. Still, they cannot replace an experienced professional on their payroll plus, it would add up to a full-time salary with benefits, something most businesses can do without incurring unnecessary costs. Let us address your leasing needs at Hughes Marino representation firm so you can focus on running your business most efficiently.