rpcon s206 lease management 101
TRANSCRIPT
Lease Management 101S06: Thursday 22nd March
Presented by
Lee TrevenaCEO Synetek Systems
• 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
Objective – Why NOT How
To help improve your business
1. Make it smarter
2. Make it safer
3. Make it money
Make it Smarter
EMPOWER WITH
INFORMATION
USE THE
RIGHT TOOLS
CREATE
VISABILITY
Make it Safer
LESS
RISKY
BETTER
COMPLIANCE
LEGALLY
SECURE
Make it Money
NOT LIKE THIS
It’s your Money
LIKE THIS
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
Unique Expertise
Lawyer Negotiator Project Mngr ClerkAccountant
Did I mention multi-tasking?
Abstract Your Leases
The Lease is the Law
Data - not just rent & reviews
Dates – i.e. “Accounting Year”
Spreadsheeting ‘Kaos’
Specialist Skill
Lawyer
Audit Outgoings Statements
Tax or Distribution?
Right to Investigate
Overcharges Every Year
Pro-rata Share ≠ Fixed
Expense Type not in Audit
Negotiator
Benchmark to Compete
Project Manager
Your Info is #1
Portfolio Intelligence
Data - Multi-landlord & Current
Deal Compliance
Proactive & Reactive
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
Accuracy and Access
Clerk
Accuracy is Perfection
Human error goes 2 ways
On-time Information
Knowledge is Power
Understand Impact
Invest in Systems
• 5 people in 1
• #2 expense item
• Compliance
• Audit & Risk
• Capital Leases Coming
Take it Away
WHY?
Smart, Safe, Money
HOW?
Top 5 Tips
WHO?
Skills & Systems
Let’s Network
au.linkedin.com/in/leetrevena
leaglelee.com
http://www.facebook.com/leaseeagle
0407 711 622
Thank you!