Real Estate Software expert and Lucernex VP of Sales Robert Abdul, discusses the choices companies have when looking to upgrade or replace their legacy lease administration products.

What is your strategy to address the costs of upgrading your client server lease administration software? Most lease administration software customers feel trapped by their software vendor but there ARE options.

The market has changed

As market dynamics have changed in the retail real estate software space, private equity investors have entered the market with purchase of some big name companies. The companies they take over care only about increasing recurring revenue. Private equity companies measure their success by uplifting their EBITDA. They do this by increasing customer maintenance fees every year. (more…)