How to Choose the Best Commercial Real Estate Management Software

Selecting the ideal commercial real estate management software requires an in-depth evaluation of what your company needs and the benefits it will gain from this system. The top options can help improve operations, generate revenue, and gain competitive advantages by simplifying management of commercial property assets. Furthermore, quality software will offer powerful reporting and tracking features to monitor investments to ensure success.

Your software of choice should offer tenant screening as well as rent/vendor payments automation and work order maintenance management with an intuitive dashboard designed to make staff proud of their performance. Furthermore, it should help minimize past due accounts while quickly identifying issues requiring attention – something which will increase tenant quality while decreasing vacancy rates and saving on collection fees.

Some property management software solutions are tailored for specific markets or assets such as multifamily residences, commercial offices, storage units or marinas – this can be particularly helpful if your market or assets have specific niche needs or segments of industry requiring specific focus. For instance, CRESSblue was specifically created for net-lease retail shopping centers with intuitive leasing calculations and tenant portal that make service requests and rent payments simple for tenants.

Scalability is also a consideration with commercial real estate software solutions designed for larger portfolios, with this type of solution typically catering more towards mid-to-large size portfolios and typically offering features such as development management, tenant/owner portals, accounting/bank reconciliation/reporting features as well as maintenance work orders and rent/vendor payment automation. Yardi Voyager, Buildium and Real Page Commercial are among the more scalable choices.

Hemlane offers several property management software plans with different pricing plans to meet different budgets. Their basic plan starts at $28 a month and features rental advertising, automation in daily operations, rent payment tools and maintenance tools – making it suitable for smaller companies in need of user-friendly software solutions.

MRI is another popular commercial property management software solution for managing large-scale portfolios. Its lease administration features are ideal for easily navigating lease clauses, breakpoints, offsets and estimated payments, while its AI lease abstraction tool delivers more simplified reporting. Furthermore, its investment management module lets you visualize how well your commercial property portfolio is performing.

RealPage Commercial is an enterprise-level commercial property management software suite. Competing against Buildium and Yardi for corporate portfolios, Real Page provides a full suite of features tailored specifically towards managing commercial properties. Owned by Thoma Bravo, this robust solution has accounting, leasing and asset management features designed specifically to manage properties within commercial portfolios easily integrated and large portfolios handled with ease; easy integration means large portfolios can also be handled effectively; its client list includes many corporate tenants; RealPage has an exceptional customer support team offering training courses as well as remote access via mobile devices allowing access to their system allowing remote management as well.


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