News, views and industry trends
What is finance lease accounting?
Finance lease accounting, refers to the method by which long-term lease agreements are recorded on the balance sheet. This approach requires the lessee to recognise both the asset and the corresponding lease liability, reflecting the ownership-like r…
What is workplace management?
Workplace management refers to the strategies and systems businesses use to make sure that everything in the office runs smoothly and efficiently. This includes managing space, resources, tasks, and the physical environment to help employees perform …
Highlights from the Property Council of Australia’s Property Congress 2024
The Property Council of Australia‘s Property Congress 2024 in Townsville brought together industry leaders and policymakers to address the pressing issues facing Australia’s property sector – from demographic shifts and housing affordabil…
A guide to facilities risk management: how to evaluate and manage common risks
Facilities risk management is an essential practice for maintaining safe, efficient, and compliant properties. From identifying potential hazards to implementing effective safety measures, understanding what is facilities management is key for real e…
Key benefits of predictive maintenance in facilities management
Predictive maintenance is transforming the way facilities managers approach asset care, shifting focus from reactive or scheduled repairs to proactive, data-driven solutions. By predicting equipment needs before they arise, predictive maintenance opt…
How predictive maintenance shapes the future of facilities management practices
Predictive maintenance is revolutionising facilities management by enabling real estate professionals to anticipate equipment needs and prevent breakdowns before they occur. This proactive approach goes beyond traditional methods, delivering key bene…
How commercial real estate lease administration software simplifies operations
In commercial real estate, lease administration can be a complex and time-consuming process, especially for businesses managing multiple leases and properties. MRI Software’s commercial property management software brings a powerful solution to these…
Security as a catalyst for business growth within the property management industry
Security plays a crucial role in the property management industry, influencing everything from operational efficiency to client trust. In today’s digital world, cyber threats, data breaches, and unauthorised access are becoming more common, putting s…