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Property management accounting software offers a number of features that typical accounting systems do not. In addition to financial reporting and payroll management, these programs will integrate industry-specific information about vacancies, units, tenants and property maintenance into the real estate software.
The more robust accounting tools also manage company information related to property listings, track referrals and link electronic documents to sales.
|Track rents & payments||Property management accounting software will categorize receipts based on the specific real estate category, such as rents, utilities, subleases or late fees. The software also calculates real estate taxes, property insurance, maintenance costs and payroll, and all of this information ties directly to the tenant or property record.|
|Business growth & development||Automatically calculate annual rent increases, property appreciation and depreciation, as well as manage the growth of your assets. Many of these programs also have built-in budgeting and forecasting capabilities and the ability to analyze rents based on current market rates.|
|Common area management||Most solutions calculate charges and costs associated with common areas, tracking maintenance, policies and usage as desired.|
We're able to offer this service to buyers for free, because software vendors pay us on a "pay-per-lead" basis. Buyers get great advice. Sellers get great referrals.