Download - Rpcon s206 lease management 101
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Lease Management 101S06: Thursday 22nd March
Presented by
Lee TrevenaCEO Synetek Systems
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• Over 18 years Retailer Real Estate Experience
• Both sides - Landlord and Tenant
• Property Management, Lease Negotiations, Development Management, Lease Administration, Real Estate Software
• Passion to improve Retailer Real Estate
• See more than most• Not ‘the’ Golfer – current HCP 13.0
Speaker
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Objective – Why NOT How
To help improve your business
1. Make it smarter
2. Make it safer
3. Make it money
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Make it Smarter
EMPOWER WITH
INFORMATION
USE THE
RIGHT TOOLS
CREATE
VISABILITY
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Make it Safer
LESS
RISKY
BETTER
COMPLIANCE
LEGALLY
SECURE
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Make it Money
NOT LIKE THIS
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It’s your Money
LIKE THIS
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TOP 5 TIPS
1.Abstract
YourLeases
2.Use
Correct Numbers
3.Audit
Outgoings Statements
4.Benchmark
to Compete
5.Accuracy
and Access
Invest in Systems
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Unique Expertise
Lawyer Negotiator Project Mngr ClerkAccountant
Did I mention multi-tasking?
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Abstract Your Leases
The Lease is the Law
Data - not just rent & reviews
Dates – i.e. “Accounting Year”
Spreadsheeting ‘Kaos’
Specialist Skill
Lawyer
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Audit Outgoings Statements
Tax or Distribution?
Right to Investigate
Overcharges Every Year
Pro-rata Share ≠ Fixed
Expense Type not in Audit
Negotiator
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Benchmark to Compete
Project Manager
Your Info is #1
Portfolio Intelligence
Data - Multi-landlord & Current
Deal Compliance
Proactive & Reactive
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Use Correct Numbers
Accountant
CPIs – (8 + 1) x 4 x 4 = 144
Significant Variations – 0.0000
$200k x 20 x ½% x 5 = $100K
% Rent Periods
Check Threshold Calcs
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Accuracy and Access
Clerk
Accuracy is Perfection
Human error goes 2 ways
On-time Information
Knowledge is Power
Understand Impact
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Invest in Systems
• 5 people in 1
• #2 expense item
• Compliance
• Audit & Risk
• Capital Leases Coming
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Take it Away
WHY?
Smart, Safe, Money
HOW?
Top 5 Tips
WHO?
Skills & Systems
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Let’s Network
au.linkedin.com/in/leetrevena
leaglelee.com
http://www.facebook.com/leaseeagle
0407 711 622
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Thank you!