Real Property / Costs / Cost Administrator

Cost Administrator: Overview

As the Cost Administrator, you can:

1. Enter costs.
   • Use the Cost Wizard to manage three types of costs (recurring costs , scheduled costs, or actual costs) that are associated with leases, buildings, properties, parcels, or accounts.
   • See Cost Wizard Overview.
2. Generate indexed rent.
   • You can generate indexed rent for a lease using any price index and a Lease Indexing Profile that simplifies the calculation of the indexed rent.
   • See Lease Indexing: Overview.
3. Generate the Straight-Line Rent.
   • Calculates and compares straight-line rent adjustments with actual rent differential analysis.
   • See Straight-Line Rent Report.
4. Generate CAM estimates and reconcile CAM costs.
   • Enter a Common Area Maintenance (CAM) cost profile for a lease, that the application uses to generate CAM estimates. You can enter CAM adjustments that reconcile CAM estimates and the actual costs the landlord incurs.
     • See Adding a CAM Profile for a Lease.
   • The CAM Reconciliation report enables both landlord and tenant cost administrators to analyze CAM cost performance.
     • See CAM Reconciliation Report.
5. Generate reports.
   • The application includes reports, such as the Cash Flow, Base Rent Costs by Lease, Property and Building Benchmarks, Lease Benchmarks, Property Financial Summary, and Lease Financial Summary reports. You can filter these reports by geographic location, specific cost categories to be included or excluded, and time frame.
     • See Costs Application Reports.
   • Additionally, the Property Abstract report includes information for parcels, and calculations for taxes recorded in the Costs application. This report is available in the Leases application.
     • See Property Abstract report.

See Also

Costs: Application Overview

Tracking Tax Costs