Put operational efficiency, ROI and tenant relations first with the right commercial real estate management software. Navigating multiple complex operations, properties and responsibilities can quickly lead to fatigue; but with the appropriate software installed you can streamline processes, make tenants happy, and provide clear financial data.
Commercial real estate management software should offer property managers a range of features to automate routine tasks and tackle complex projects more easily. Top choices may include tools that enable teams to efficiently track every aspect of a leasing process from showings to lease agreements; tenant portals for real-time communication and payment; maintenance request tracking systems; as well as flexible lease abstraction tools that summarize complex leasing data summarization capabilities which enable reconciling NNN expenses against budgeted costs.
To identify the ideal commercial real estate management software, we conducted a comprehensive analysis of more than 100 systems based on price, user reviews and functionality. From these we selected 10 top choices which fulfill the needs of commercial landlords, developers and investors with diverse property portfolios – each helping reduce paperwork while automating processes while offering valuable insights into performance of investments.
Yardi Breeze can help property managers of office buildings, self-storage units or multifamily homes reduce their workload with this scalable cloud-based solution. Its unified platform handles everything from property listing management to payment processing while additional modules address more specific challenges such as call center operations or investment management. Yardi Breeze received our highest customer service rating after our analysis.
Buildium, one of the leading commercial real estate management systems, features many useful functions to assist property managers with tracking leases, invoices and invoice payments; paying contractors directly; filing 1099s electronically and more. In addition, its online Resident Center portal makes rent payments simple for tenants while its accounting tools facilitate efficient bookkeeping and reporting – earning the top rating from our customer service analysis.
AppFolio, an all-inclusive solution for managing commercial real estate portfolios, brings together marketing, leasing, accounting and maintenance management into one centralized tool. Its CAM tracking feature helps with billing for common area maintenance costs while payment processing and reports tailored specifically for real estate professionals are made simpler with AppFolio. However, some users report slow performance during peak hours or end-of-month accounting rushes which could hamper productivity or postpone important tasks.
MRI offers an enterprise-grade property management solution, complete with a CRM for listing properties, an online portal for renters to access their account information and mobile application. Ideal for mid- to large-sized organizations with more than 100 properties, it helps streamline processes across their lifecycle and can assist owners with tenant retention strategies as well as NOI targets. Its flexible scalable design integrates well with existing ERP systems ensuring it grows along with your business.