Property management software for commercial real estate makes the complex business of asset management simpler and more manageable, helping reduce costs, maximize revenues, gain insight and enhance customer service with integrated solutions that automate routine processes and streamline operations. Furthermore, this type of solution also supports an array of real estate investments, such as office, retail and multifamily properties. While several options exist in the marketplace today, what matters most is meeting your personal needs and budget when selecting a solution; start by compiling a list of features you require before comparing pricing to find your best solution!
Top-tier commercial real estate property management software includes tools that enable you to track key metrics, identify inefficiencies and opportunities, and boost profitability. PMX allows for an extensive view of your property portfolio with core metrics like occupancy/revenue/asset performance/risk management/compliance tracking; additionally it features a flexible mobile portal so you can access data at any time and from any place.
Buildium, a robust and customizable cloud-based program tailored specifically for larger portfolios, offers features designed to streamline many aspects of tenant and lease administration as well as financial reporting. However, its high price point and onboarding costs make it better suited for larger CRE firms than smaller ones.
Azibo is another comprehensive property management software solution designed to streamline everyday tasks for commercial real estate properties. Its tenant and lease administration feature provides automated reminders for lease events like rent reviews, increase notifications, renewals and maintenance requests; plus it centralizes maintenance requests and communication for easier tracking and reporting. In addition, Azibo allows online rent payment acceptance as well as accounting/financial management tools that automate expense categorization, report generation and tax preparation.
StrataFOLIO, another highly rated solution, makes working with diverse tenants simpler by providing a professional yet user-friendly portal that facilitates communication and rent payments. With automated reminders for lease escalations, increases and renewals preventing you from missing key dates or losing revenue, this system automates document creation and data binding by connecting directly with AscendixRE CRM so you can create marketing materials, proposals and reports in minutes using templates created with just a few clicks.
Condo Control Central goes one step further by streamlining the process of tracking delivery trucks, monitoring security and resident parking permits, accepting online rental applications, screening applicants and posting vacancy advertisements online – even its mobile app allows for conducting inspections with images captured of any damage or maintenance issues shared between owners and tenants.
AppFolio Property Manager is a comprehensive yet cost-effective option suitable for both small landlords and larger real estate firms, featuring rent collection, business analytics, strategic planning & analysis, lease abstraction & space management capabilities – not to mention an easy user interface! Users enjoy its straightforward nature while noting its responsive support team is quick in their response and assistance delivery.