Finding the appropriate property management software for commercial real estate requires many considerations. A suitable solution should provide your team with a single system for overseeing all properties under management, streamlining operations and keeping tenants satisfied while cutting expenses. Furthermore, selecting a platform which meets the evolving needs of your business such as automatic rent payment reminders, document review/signing capabilities, maintenance tracking tools or marketing syndication can prove essential as your company expands.
Hemlane Property Management Software was designed with ease-of-use in mind, according to their website. Their basic plan includes features that automate various aspects of daily operations for rental advertising, maintenance tools and lease management, plus client portal and communication tools to help improve efficiency with clients.
STRATAFOLIO is an online property management software with an automated tenant screening and leasing process that reduces manual work by 80%. Their platform automatically sends rent payment reminders before tenants miss their due dates, lets you track past-due payments easily, ensures tenants pay the correct rent rate according to their lease, automate renewals/escalationss as well as provide tenants with user-friendly portals for submitting certificates of insurance/maintenance issues/rent payments and paying online. They even alert landlords ahead of upcoming lease escalations/increase/renewals so they can prepare with tenants before such changes occur reducing delays by alerting landlords/tenants of forthcoming changes/renewals so everyone is prepared in advance!
Yardi is a highly-acclaimed property management software solution, providing users with an automated accounting workflow and connecting all aspects of commercial real estate operations in one convenient place. Integrated with general ledger, accounts payable/receivable, expense tracking and more so all financial data can be stored centrally allowing for a clear view into performance and profitability of investments.
AppFolio is a comprehensive commercial property management software solution with tools designed to increase efficiency and help you expand your portfolio with confidence. Market-specific features allow for supporting mixed portfolios of commercial and residential properties, and advanced analytics and automation allow for focused work on higher value projects. Accounting integration ensures all financial information can be stored easily within one database while universal search capabilities make finding what you need easier than ever before.
MRI Software is a CRE property management solution with an investment management module, user-friendly reports and an AI lease abstraction tool for improved transparency across your portfolio. Suitable for managing multifamily, office, retail and industrial properties alike, its users appreciate its ease-of-use, integration capability with other systems as well as strong cost effectiveness. Their 24/7 customer service team are also readily available should any issues arise or they would simply like more information – they offer demos! To find out more contact MRI’s customer service or request one directly.