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Call us for a free FastStart Consultation: (888) 918-2748


by Eileen O'Loughlin,
Market Research Associate
Last Updated: November 28, 2015

Here's what we'll cover:

What Is Real Estate Accounting Software?
Common Features of Real Estate Accounting Software
Evaluating Real Estate Accounting Software

What Is Real Estate Accounting Software?

With property accounting software, it’s easy to securely share key business information with stakeholders and owners wanting information about their investments. In addition to a robust set of features and functionality, real estate finance software also helps you monitor the progress of ongoing development projects and property maintenance. Financial information can be grouped by property, development or unit.

Common Features of Real Estate Accounting Software

In addition to core capabilities, these systems typically include the following features:

Communication & contract tools Templates that automatically generate contracts and communications with buyers, sellers, other agents, investors, banks, brokers, title companies and more.
Monitor real estate Keeps tabs on the progress of housing and commercial developments, as well as individual houses.
Mobile access Ensures that you can get access from anywhere.
Commission calculation Helps you easily and automatically calculate agent commissions and fees.
Work order management Uses your system to monitor the status of repairs and upgrades. Also tracks time and costs accordingly.

Evaluating Real Estate Accounting Software

Real estate accounting programs can streamline many of the essential day-to-day tasks, freeing up extra time for more strategic work. The system can automatically send email notifications to agents, calculate commissions and generate listing forms and welcome letters. Well-organized solutions can also record and sort all transaction information for a given contract.

When evaluating these systems, buyers should consider the following:

  • Does it need to be able to support several different agent pay rates?
  • Does the user need a system that can handle a high variety of properties?
  • Should the program include online communication tools?
  • Does the user handle many different transactions on a regular basis?

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