The Rabbet Blog

Check out the latest and greatest from the team at Rabbet.

Construction Lender Efficiency Tip #1 – Digitize your Draw Management Process

Construction Lender Efficiency Tip #1 – Digitize your Draw Management Process

First and foremost you need to digitize your process. But hold on, before you go out and buy a smartwatch or start studying computer science on the weekends, start simple.... Read More

Construction Lender Efficiency Tip #9 – Give your Team Access to Portfolio Data That Was Previously Unreachable

Construction Lender Efficiency Tip #9 – Give your Team Access to Portfolio Data That Was Previously Unreachable

Many lenders rely on analysts and excel reports to get updates on project status. While that solution works for some things it is difficult to quickly assess portfolio risk when... Read More

Real Estate Development Team Efficiency Tip #8 – Automate Lien Waiver Reconciliation

Real Estate Development Team Efficiency Tip #8 – Automate Lien Waiver Reconciliation

Reviewing and reconciling lien waivers is another step you can streamline. If your current process requires team members to manually classify lien waivers, run calculations to reconcile amounts, or spend... Read More

Real Estate Development Team Efficiency Tip #7 – Automate Pay App Reconciliation and Retainage Calculations

Real Estate Development Team Efficiency Tip #7 – Automate Pay App Reconciliation and Retainage Calculations

Ahh, good ol’ pay apps. After manually comparing the G702 and G703 there’s a good chance the figures don’t match up or the retainage for the current period is missing.... Read More

Real Estate Development Team Efficiency Tip #6 – Use an Intelligent Document Organization System

Real Estate Development Team Efficiency Tip #6 – Use an Intelligent Document Organization System

Imagine how much time you could save by eliminating back-and-forth document transfers. Instead, equip your team with an intelligent document organization system to house each document in one location with... Read More

Real Estate Development Team Efficiency Tip #5 – Streamline Communication with Internal and External Parties

Real Estate Development Team Efficiency Tip #5 – Streamline Communication with Internal and External Parties

How efficiently you communicate with colleagues, lenders, equity partners and service providers impacts productivity significantly. Three key areas to examine include approvals, report generation and draw preparation. Approvals: Odds are... Read More

Real Estate Development Team Efficiency Tip #4 – Empower your Team to Compare Data, and Exposure Across Projects

Real Estate Development Team Efficiency Tip #4 – Empower your Team to Compare Data, and Exposure Across Projects

Your team needs a way to track vendors across projects and instantly gain visibility into exposure. Similarly, the reporting solution you implement should allow you to look at all projects... Read More

Real Estate Development Team Efficiency Tip #3 – Spend Time Solving Problems, Not Searching for Them

Real Estate Development Team Efficiency Tip #3 – Spend Time Solving Problems, Not Searching for Them

When it comes to addressing problems, it’s easier if you know about them earlier. The sooner you know about it, the more control you have over how to deal with... Read More

Real Estate Development Team Efficiency Tip #2 – Track all Current and Upcoming Costs Confidently (Stay Ahead)

Real Estate Development Team Efficiency Tip #2 – Track all Current and Upcoming Costs Confidently (Stay Ahead)

It’s happened to you. It’s happened to your friend. It will probably happen to you again. You find inconsistencies, a calculation error, missing documentation or typos. Those issues require you... Read More

Real Estate Development Team Efficiency Tip #1 – Centralize and Digitally Connect all Project Information

Real Estate Development Team Efficiency Tip #1 – Centralize and Digitally Connect all Project Information

First and foremost you need to centralize and connect your project finances. But hold on, before you start copying everything into one spreadsheet, start simple. List out the different items... Read More