The weakening of the commercial real estate sector is causing speculation that banks could be headed for trouble. An increasing number of large properties are going into default, and more are being added to watchlists for loans that may be in jeopardy. Quickly rising interest rates are causing concern that investors who are up for
AI is becoming increasingly prevalent across industries, including commercial real estate. Currently, AI tools like ChatGPT help check grammar and tone in marketing materials, property descriptions, letters of intent and right of first refusal contracts. Although it is a helpful tool, there can be issues regarding AI picking up incorrect information, and plagiarization. Despite these
The powerful analytical tools and reports included with Yardi products are what attracts prospective and existing Yardi users. Yardi’s impressive functionality, however, is often under-utilized. One of the most overlooked features may be its ability to automate report delivery using Report Scheduler. Report Scheduler is able to schedule, generate and distribute reports as desired in
The federal government ban on non-Canadians buying homes was supposed to make buying a home more affordable. However, the wording of the ban is having an unintended impact. For example, residential property, including land zoned for residential use, cannot be purchased by foreign buyers. This includes land zoned as mixed use land, which is blocking
The U.S. Department of Housing and Urban Development (HUD) is providing $5.6 billion in funding that will go to 1,200 communities. These grants will support a wide range of activities including affordable housing, community development and homeless assistance. This will help low and moderate income people to be able to obtain suitable and affordable housing.
In most US markets, home prices continue to be on the rise, but about 11% of individual housing markets experienced declines in home prices in the fourth quarter of last year. These price drops are happening predominantly in the most expensive housing markets, like those in California. So even though prices in some markets are
Bank reconciliations (bank recs) are critical for businesses to ensure that books are balanced, and any discrepancies are caught and addressed quickly. Yardi Voyager is a powerful tool, and with its Bank Reconciliation feature is invaluable. It is able to match up to most transactions, and flags any reconciliation issues for transactions it can’t match.
Even if MIPIM wasn’t located in the beautiful resort town of Cannes, the real estate industry conference would still be a highlight of the year. The event brings together an eclectic mix of investors, developers, business service providers, public authorities, academics, and a whole range of others in the real estate industry. The event showcases
If you’re a Yardi user, and your staff is overwhelmed with bookkeeping, property accounting, corporate accounting, tax entries, audit assistance, and more, let Lynx help. Our Outsourced Accounting service can support your accounting team to get the most out of your Yardi system, and keep your staff from burning out. Outsourced Accounting by Lynx Lynx
As a Yardi user – are you struggling with your back office? Need expert help with all or part of the accounting process; is your staff overwhelmed with the bookkeeping, property accounting, corporate accounting, tax entries, audit assistance and more. If you relate to these problems, Lynx can help! Right-Size Your Support Yardi software
