Leveraging Real Estate Assets for Not-for-Profits

As construction projects become more complex, risk increases for owners, contractors, engineers and architects. The ultimate risks lie in the delivery method, contract and project execution and administration. Owners and contractors still struggle with the best project delivery method and contract. This topic will help stakeholders understand whether CMAR or another method is best for their project. This material explains how CMAR can control and improve cost and schedule as well as allocate and reduce risks; it will also discuss how to avoid potential pitfalls along the way.

RE Technology and IXACT Contact joined forces again to bring you a webinar on “Growing Your Brand with a Real Estate CRM.” IXACT Contact is a next-generation real estate CRM that can grow your unique brand in more proven ways than you could have ever imagined!

Buckle up for this dynamic duo! Eric Simon (The Broke Agent) and Matt Lionetti (Overask Podcast, Sales Representative at The Agency) join BoomTown to throw down some serious social media advice. Learn from the experts how to build a stronger brand on social media, grow your following, boost your engagement, and drive more conversations. The How-Tos You'll Learn: How to generate more leads through social media How to stop getting in your own way How to build a stronger brand presence How to grow your following How to thrive on Instagram and TikTok

Commercial leases often require tenants in a multi-tenant development (such as a shopping center or office building) to pay CAM charges in addition to monthly rent. These lease provisions often are misunderstood or taken for granted by landlords and tenants and, as a result, are frequently violated, knowingly or otherwise. Sophisticated tenants require CAM charges to be "actually paid or incurred" or "expended" by the landlord to be reimbursable, and they are careful to prohibit landlords from passing their overhead on as disguised CAM charges. To guard against this practice, tenants should negotiate (and then review) their leases carefully, require landlords to deliver "reasonably detailed statements" of CAM charges as often as the lease requires, and should scrutinize those statements to ensure that all charges are allowed by the lease. CAM charges often include property management fees. In addition, most leases permit the landlord to estimate CAM charges and force tenants to pay their share of those estimates monthly. Generally, they require the landlord to reconcile or justify the actual CAM charges to its tenant after the end of each year. Commercial landlords that also manage the project themselves often charge tenants, in addition to CAM expenses incurred, an arbitrary, "industry standard" percentage of the rent as "a property management fee," even though the lease does not expressly provide for that, and no third-party management fees are paid or incurred by the landlord. When the CAM charges are based on actual costs, a tenant might want to negotiate a cap on how much they will be required to pay for their share of common area maintenance. Putting a cap on CAM charges helps protect the tenant from their lease expenses increasing outside of their budget or sudden surprises at the beginning of the year. In turn, this adds some risk to the landlord to cover additional expenses themselves. With fixed CAM charges, property owners set a flat fee for common area maintenance and usually add small annual increases to that fee to cover the cost of inflation. Tenants may still want to review the property expenses to ensure their CAM charges aren't significantly higher than they should be. Fixed CAM charges can either apply to property taxes, insurance, and actual maintenance costs or only to maintenance costs while leaving the property taxes and insurance adjustable. Listen as our authoritative panel discusses the best practices in negotiating CAM provisions, what types of provisions to include, and when to choose between a capped or fixed cost CAM provision.