Tomorrow’s webinar will explore the underlying theory behind the proposed FASB changes.  IFMA, a professional association for facility management professionals,  and Visual Lease’s President, Marc Betesh, will outline the potential ramifications and offer advice as to best prepare for the impact.
Topics Include:

Why the Changes Were Proposed
What Will Change
Impact on Lease vs. Buy Decisions
Treatment of Gross vs. Net Leases
The Most Current Updates/Deliberations/Alterations Made to the Original Exposure Draft
How to Start Preparing Now

Background:
Last August, the Financial Accounting Standards Board (FASB) sent shockwaves through the commercial real estate world when they proposed significant changes …

Tags: Chris Werely, Corporate Real Estate, FAS 13 Lease Accounting, FASB, Lease Management Blog, Lease Management Software, Marc Betesh

The Chicago Summit has kicked off with a great turnout, learning opportunities and networking.  Marc Betesh and Chris Werely sat down with Duke Long today to talk real estate technology and the upcoming lease accounting changes.

Check in at www.dukelong.com for the full video.

Tags: Chris Werely, CoreNet, Duke Long, Marc Betesh

Marc Betesh and Chris Werely are headed to Chicago this weekend for the CoreNet Global Summit. If you are headed to the summit, say hello. If not, stay tuned to the Visual Lease blog for daily updates on the topics of conversation, speakers and other real estate buzz. We are very interested to learn how end users are preparing for the FASB’s changes to lease accounting.
We are expecting to see more people using iPad’s and contributing to the social media updates coming out of CoreNet. We will definitey …

Tags: Chris Werely, CoreNet, Marc Betesh

April’s edition of CoreNet’s magazine, The Leader, is out, featuring an article about recent technology trends by Ernst & Young’s Real Estate Advisory practice. In the article, E&Y artfully describes different strategies for technology, data management, and support – especially in light of the continuing trend of outsourcing key CRE services.
Additionally, E&Y predicts the comeback of “Best of Breed” solutions.  Best of breed solutions are generally point (standalone) systems that perform one function very well.
“With data essentially becoming portable, applications can be more closely tailored to the specific processes employed by …

Tags: CoreNet, Outsourcing, SaaS, Trends

In prior Lease Tips about the forthcoming changes, we reported that the FASB and IASB (the “Boards”), promised to consider the numerous comments they received regarding the proposed rule changes detailed in their joint Exposure Draft (ED) dated August 17, 2010. That process is underway and significant positive changes to some of the more controversial and costly proposals have already been tentatively agreed to.
Lease Term to Continue to Include Options,  But on a Revised Basis 
The ED currently requires that the lease term include option periods if it is “more likely …

Tags: FAS 13 Lease Accounting, FASB, Lease Accounting, SIOR

We recently had the opportunity to chat with Duke Long and Jason Sandquist from CREpodcast about the proposed FASB/IASB lease accounting changes and how all parties can prepare.
Marc and Chris drop some serious information on what could be a coming storm if businesses, tenants and commercial brokers are not prepared. We discussed the impact on the industry as a whole – as well as what the affects will be for both tenants and landlords in regards to how they handle lease accounting. They also fill …

Tags: Chris Werely, Duke Long, FAS 13 Lease Accounting, Jason Sandquist, Lease Accounting, Marc Betesh, Podcast

Visual Lease’s management team, along with Grant Thornton recently hosted a webinar to address the impact on corporate real estate under the FASB/IASB’s proposed lease accounting changes.
The presenters include some of the country’s top real estate lease experts, Marc Betesh and Lou Ferro, as well as Gary Illiano, National Partner at the CPA firm Grant Thornton.
If you were not one of the hundreds who attended, and would like to watch the replay and download the slides, it is now available. Please click here or on the image below.

Tags: Chris Werely, FAS 13 Lease Accounting, FASB, Grant Thornton, Marc Betesh, Webinar

Marc Betesh and Christopher Werely will be interviewed by crePodcast’s Duke Long and Jason Sandquist on February 23rd.

Tags: Chris Werely, Christopher Werely, FAS 13 Lease Accounting, FASB, Lease Administration Software

Marc Betesh, President and founder of Visual Lease and KBA Lease Services, is scheduled to speak about the FASB’s upcoming lease accounting changes at the New Jersey chapter of SIOR on February 2nd, 2011.

Tags: FAS 13 Lease Accounting, FASB, Marc Betesh, SIOR

On February 2nd at 12pm EST, Visual Lease and KBA Lease Services will host a free webinar outlining the impact on corporate real estate due to the proposed FAS 13 lease accounting changes.

Tags: Corporate Real Estate, FAS 13 Lease Accounting, FASB, Lease Administration Software, Marc Betesh