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Lease Management 101
 S06: Thursday 22nd March
         Presented by

     Lee Trevena
  CEO Synetek Systems
Speaker
  • 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
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     USE THE      CREATE
 INFORMATION   RIGHT TOOLS   VISABILITY
Make it Safer




   LESS           BETTER     LEGALLY
   RISKY        COMPLIANCE   SECURE
Make it Money




           NOT LIKE THIS
It’s your Money




             LIKE THIS
TOP 5 TIPS
     1.                 2.                      3.
  Abstract             Use                    Audit
   Your               Correct              Outgoings
  Leases             Numbers               Statements

    Invest in Systems
             4.                    5.
         Benchmark              Accuracy
             to                   and
          Compete                Access
Unique Expertise



Lawyer   Negotiator   Project Mngr   Accountant   Clerk




         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
Your Info is #1

Portfolio Intelligence

Data - Multi-landlord & Current

Deal Compliance

Proactive & Reactive

                                  Project Manager
Use Correct Numbers
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

                                  Accountant
Accuracy and Access
Accuracy is Perfection

Human error goes 2 ways

On-time Information

Knowledge is Power

Understand Impact

                          Clerk
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

   lee.trevena@leaseeagle.com

   0407 711 622
Thank you!

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Rpcon s206 lease management 101

  • 1. Lease Management 101 S06: Thursday 22nd March Presented by Lee Trevena CEO Synetek Systems
  • 2. Speaker • 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
  • 3. Objective – Why NOT How To help improve your business 1. Make it smarter 2. Make it safer 3. Make it money
  • 4. Make it Smarter EMPOWER WITH USE THE CREATE INFORMATION RIGHT TOOLS VISABILITY
  • 5. Make it Safer LESS BETTER LEGALLY RISKY COMPLIANCE SECURE
  • 6. Make it Money NOT LIKE THIS
  • 7. It’s your Money LIKE THIS
  • 8. TOP 5 TIPS 1. 2. 3. Abstract Use Audit Your Correct Outgoings Leases Numbers Statements Invest in Systems 4. 5. Benchmark Accuracy to and Compete Access
  • 9. Unique Expertise Lawyer Negotiator Project Mngr Accountant Clerk Did I mention multi-tasking?
  • 10. Abstract Your Leases The Lease is the Law Data - not just rent & reviews Dates – i.e. “Accounting Year” Spreadsheeting „Kaos‟ Specialist Skill Lawyer
  • 11. Audit Outgoings Statements Tax or Distribution? Right to Investigate Overcharges Every Year Pro-rata Share ≠ Fixed Expense Type not in Audit Negotiator
  • 12. Benchmark to Compete Your Info is #1 Portfolio Intelligence Data - Multi-landlord & Current Deal Compliance Proactive & Reactive Project Manager
  • 13. Use Correct Numbers 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 Accountant
  • 14. Accuracy and Access Accuracy is Perfection Human error goes 2 ways On-time Information Knowledge is Power Understand Impact Clerk
  • 15. Invest in Systems • 5 people in 1 • #2 expense item • Compliance • Audit & Risk • Capital Leases Coming
  • 16. Take it Away WHY? Smart, Safe, Money HOW? Top 5 Tips WHO? Skills & Systems
  • 17. Let’s Network au.linkedin.com/in/leetrevena leaglelee.com http://www.facebook.com/leaseeagle lee.trevena@leaseeagle.com 0407 711 622