Property management software for commercial real estate helps landlords better handle complex leases and documents, automate time-consuming processes, generate reports that help inform strategic decisions, market properties online tenant portals, maintain maintenance scheduling schedules, generate reports that inform informed strategic decisions. Some products even feature sophisticated AI features designed to generate leads.
Many of the top real estate software solutions offer a comprehensive set of features that can be tailored specifically for different types and sizes of portfolios. Some offer advanced analytics that give an in-depth view of investment performance as well as dive deep into data on specific properties or locations, while some even integrate accounting so you can quickly create tax-ready accounts quickly; others allow tracking payments or communicating directly with tenants via email or text, with some also featuring user-friendly interfaces so both landlords and tenants can navigate easily and understand.
MRI Software is our top choice for large property management firms and offers more functionality than any product we reviewed, such as its investment analysis module and intelligent lease abstraction tool to speed up operations and make information more usable and audit-ready. Furthermore, its robust platform contains all tenant information in a central repository with online portals for rent payment, maintenance requests submission, communication between tenants and management and online payment portals for tenants to pay rent on time or submit maintenance requests directly through its tenant portals. Furthermore, its cloud-based service enables remote management capabilities of properties remotely managed remotely via smartphone application!
Buildium is an ideal option for property management companies specializing in community association properties, student rentals, affordable rentals and residential rentals. Users highly rate its software and pricing starts from $50/PS45/AU$75 for 25 units with free onboarding. However, larger portfolios may need something else; users have reported poor tech support as well as lengthy and complicated tasks when managing larger real estate portfolios with Buildium.
Yardi Voyager provides another strong option for commercial landlords, catering to all kinds of portfolios from office buildings and warehouses to hospitality and retail properties. Its portfolio management system can be tailored specifically for each property type with features like online lease signing, automatic inspection scheduler, financial reporting engine and consolidated building operations view allowing managers to link marketing/leasing activities with accounting.
When selecting property management software for commercial real estate, it is key to find one that seamlessly integrates with other programs you use daily – this can save time and prevent duplicate entries. Make sure your software can integrate with existing systems such as CRMs or email platforms like Salesforce or Outlook; in addition to considering products with library templates for commonly needed documents like notices or receipts that you can pull into workflows easily.