Selecting the optimal commercial real estate property management software is key to successfully overseeing complex properties and building strong tenant relationships. When searching for software to meet your business needs, using a free trial, researching pricing options, and asking plenty of questions are great ways to start. Once your research is done, top-rated property management solutions typically share certain common attributes.
Commercial real estate property management software should offer features to streamline daily operations, communicate with tenants and increase profits. Popular platforms also feature flexible customization and integration features as well as offering various functions tailored specifically towards commercial real estate industry needs.
Commercial property management can be an intricate endeavor with many loose ends to tie up. Successful property managers require automation solutions in order to respond swiftly and quickly to both existing and prospective tenants and clients, so as to stay ahead of competition. Popular real estate property management software solutions aim to simplify and automate this aspect of managing commercial properties.
Yardi Voyager is a top-rated property management solution, featuring advanced tools for commercial properties of all sizes. The software offers comprehensive asset, accounting, investor, reporting and analytics functionalities with its SMART approach to planning. Ideal for real estate professionals seeking in-depth insights into their portfolios.
MRI Commercial Management is another top-rated solution with advanced features for managing commercial assets. It provides accounting and operational tools, including lease abstraction, work order tracking, tenant portals to reduce paperwork and improve communication, customizable dashboard views based on role or job functions to display only relevant information to ensure that only pertinent details remain visible, customizable financial reports that can be tailored specifically for every investment type, customizable dashboard views and reports that allow users to see only what matters at any one time and more!
Buildium is a well-recognized property management solution for residential properties, yet its usefulness extends into commercial settings as well. Landlords can utilize Buildium to reduce paper usage and automate numerous tasks like rent payments, paying contractors, and filing 1099s electronically. Furthermore, its tenant portal streamlines communications while simultaneously enabling tenants to report maintenance requests or submit certificates of insurance easily and professionally.
RAY is an affordable property manager solution with a comprehensive suite of features. The intuitive online interface and mobile app make learning the ropes simple for newcomers; its basic plan covers listing properties to showings to coordinating repairs and lease documents as well as automated email reminders, tenant portal payments/maintenance requests/inspection app access as standard; more expensive plans offer additional specialized functions, such as marketing/financial reporting capabilities.