The 3 Best Commercial Property Management Software
Commercial property managers need a software solution that can adapt to the specific needs of the organization. The best commercial property management software have a complete accounting system that contains tax and revenue reporting tools and an intuitive interface that can support techies and non-techies. Finally, look for easy reporting capabilities, as all of these features come in handy when assessing profitability and interfacing with investors.
Total Management makes the list of best commercial property management software, and is a great selection for a medium to large commercial property manager. Its highly customizable dashboard can be adapted with any combination of 11 managerial or financial widgets. Its “Walk Me Thru” feature helps users learn how to do new tasks in the system on the fly, while the accounting system is robust supporting cash or accrual based systems. In addition, commercial property managers can create budgets for each property, transfer funds between properties, and generate cash flow statements to evaluate the financial health of your property. Total Management is also affordably priced, as commercial managers pay $2.50 per unit per month with a $125 per month minimum. With all of these great features and more, Total Management is a strong option for any commercial property manager.
Propertyware has a lot to offer commercial property management firms of all sizes. Alongside superb marketing and document management tools, Propertyware delivers a full suite of accounting capabilities built for the special needs of property managers. Create and monitor portfolio and property-level budgets, manage your accounts receivables, track vendor bills, and reconcile your bank activity with integrated, intuitive software tools. Propertyware combines exhaustive financial reporting capabilities with a customizable dashboard to put all of your most important business reports and financial data right at your fingertips. Propertyware also provides a variety of online training opportunities to help you get up to speed with all the basic functionality of the software, as well as all the advanced features. With pricing set at just $1 per unit per month with a $75 minimum, Propertyware rates as a pretty affordable option, especially for medium-size portfolios. Note that volume discounts are only available for portfolios of 1,000 or more properties.
For large property portfolios, the best commercial property management software may be Rent Manager Online. It provides the tools to manage any task, and is highly customizable. The accounting system lets you create custom reports for easy reporting, and the software supports both cash or accrual based systems. Their learning materials are superb with video tutorials, demo videos, forums, and user guides to get you up and running. Pricing is a little bit different with Rent Manager Online, as each concurrent user account has a $195 activation fee and $75 per month to manage an unlimited number of units. Because many competitor products charge per unit, this pricing model has the potential to save money for commercial property managers with medium or large portfolios.