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Commercial Property Management Software

This page is managed by
Taylor Short, Market Research Associate
Last updated: December 20, 2014

Top 10 Most Recommended Commercial Property Management Software Systems

 
AppFolio Property Manager A leader in the property management space, AppFolio addresses all your business needs in one place. From marketing vacancies, accounting and screening applicants, this system streamlines your traditional management problems.
        50 Reviews
 Price
 Demo

96

Recommendations
in the last 30 days
Total Management Total Management is a powerful web-based system that features CAM and tax reconciliation, tenant screening, data migration and unlimited training and users. Ideal for mid to large sized organizations with mixed portfolios.
        15 Reviews
 Price
 Demo

29

Recommendations
in the last 30 days
SKYLINE Software SKYLINE is a web-based system that provides comprehensive financial and operational reporting. Features a real-time business intelligence dashboard, multiple property management by type and information tracking by unit.
       0 Reviews
 Price
 Demo

19

Recommendations
in the last 30 days
Property Boulevard A full functionality management system, Property Boulevard is ideal for big and small properties alike. Features both accrual and cash accounting, multiple bank accounts linked to one or many properties and ACH and EFT automation.
        6 Reviews
 Price
 Demo

16

Recommendations
in the last 30 days
MRI Commercial Management Ideal for companies large and small, MRI is a highly configurable solution that enables comprehensive property management at every level. Features real-time data, streamlined tenant communication and is multi-currency enabled.
         15 Reviews
 Price
 Demo

14

Recommendations
in the last 30 days
 

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Budgetrac Real Estate Development and Property Management Accounting Budgetrac contains the basic accounting software features, such as a general ledger and accounts payable and receivable, plus property management-specific functions like purchase orders and contract management.
       0 Reviews
 Price
 Demo

7

Recommendations
in the last 30 days
HippoFM HippoFM is a computerized maintenance management system designed to meet the demands of government, healthcare, higher education, manufacturing, and property management firms. Manages and monitors from 1 to 1,000 facilities.
        36 Reviews
Maintenance Connection Maintenance Connection is a Web-based maintenance management system that can be used by every member of your team. Each user's homepage can be customized to show only the most relevant and important information for their role.
        66 Reviews
Easy InnKeeping Ideal for small to midsize properties, EasyInnKeeping is a comprehensive hospitality management solution. Features an online reservation system, global distribution system and automatic room and rate availability updates.
       0 Reviews
GuestPoint GuestPoint by Centium Software is a versatile commercial property management system that is available either on-premise or in the cloud. This user-friendly software has won four international awards for design and innovation.
       5 Reviews
 
 


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Buyer's Guide

Commercial property management for retail, industrial and office space have needs distinct from residential properties. Solutions for commercial management helps users create detailed financial projections, automatically calculate rent increases, create recurring charges for each tenant and calculate common area management (CAM) charges and reconciliation, among other things.

Common Features of Commercial Property Management Software

When conducting a software comparison, you can visit our commercial property management reviews page. You should also consider the following features:

Property tracking Enables you to manage multiple addresses categorized by individual unit as well as by complex or region.
Integrated accounting Commercial property management accounting software integrates general ledger, accounts payable and receivable, expense tracking, balance sheets, income statements and payroll management to let you better manage every aspect of your company’s finances. It can also automate rent and deposit collection, late fee notices and payroll functions.
Fixed asset management Lets you track the status of your assets so you know how and when they’ll depreciate and can manage their overall value accordingly.
Budgeting and forecasting  Supports budgeting and financial forecasts by calculating income, valuation, expenses and other financial considerations.
Maintenance tracking Keeps records of regular maintenance schedules, and features automatic alerts to notify managers when scheduled or upcoming maintenance tasks are due.

Case Studies

Viewing a list of software features can be helpful, but the real question is how these features can make a tangible difference when it comes to managing and growing your company. To that end, we’ve compiled a snapshot of three case studies that explore how a particular feature within commercial property management software systems has helped a company effectively solve a pressing need or problem.

Integrated management and accounting applications increase worker productivity and reduce mistakes. Utilizing the integrated management and accounting applications offered by commercial property management programs like Total Management means data only has to be entered into a single system. This can help increase productivity and enable staff to devote more time to revenue-producing activities.

Prior to switching to Total Management, Park Lane Group was using two separate systems to handle their management and accounting needs. With Total Management, they no longer have to complete double entries and have reduced costly data entry errors. Additionally, they were able to generate comprehensive accounting reports that uncovered a $10,000 rent-receivables bill owed to them.

Source: http://www.totalmanagement.com/customer-satisfaction

Electronic work orders eliminate paperwork and costly errors. Using an electronic work order feature, like the one found in Bigfoot Maintenance’s commercial real estate management software, eliminates the need for unwieldy paperwork and can thus increase productivity. Standardized forms and tracking abilities can reduce costly, time-consuming errors.

University of Connecticut Health Center Telecommunications (UCHC TeleComm) is responsible for the network and telecom maintenance of a campus that spans 206 acres and has over 7,000 voice stations and 170,000 square feet of research laboratories. Previously, they struggled to process 400-plus work orders per month via an outdated method of email and Microsoft Word templates that left them overwhelmed with paperwork and prone to duplicate work orders.

Bigfoot’s integrated electronic work order component has led to a significant drop in duplicate work orders and a 15 percent increase in productivity. Comprehensive reporting capabilities enable UCHC TeleComm staff to submit monthly reports that detail their current projects and the progress they’ve made.

Source: http://www.bigfootcmms.com/customers/profiles_uconn.html

Sample Bigfoot Work Order Module
An example of Bigfoot’s maintenance request module


Industry-specific accounting reduces time spent calculating monthly figures. A comprehensive and commercial-oriented accounting application, such as that found in Sage 300, can drastically reduce the amount of time spent calculating figures at the end of each month and thereby boost efficiency.

Prior to switching to Sage 300, McGrath Development used spreadsheets to manage the accounting needs for one million square feet in properties, which proved inefficient—calculating their reconciliations and month-end close took nearly four weeks to complete. Sage 300’s accounting application has made this process faster and easier, shortening it to two and a half to three weeks and freeing up valuable time for other essential tasks.

Source: http://na.sage.com/sage-300-construction-and-real-estate/resources/~/media/AF0B38340D574057AEF1614754075F52.pdf



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