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Commercial Property Management Software

This page is managed by
Taylor Short, Market Research Associate
Last updated: July 1, 2015

Top 10 Most Recommended Commercial Property Management Software Systems

AppFolio Property Manager AppFolio addresses all your business needs in one place, from marketing vacancies, accounting and screening applicants, this system streamlines your traditional managing problems.
        61 Reviews


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


in the last 30 days
Budgetrac Budgetrac contains the basic accounting software features, such as a general ledger and accounts payable and receivable, plus functions like purchase orders and contract managing for specifically managing properties.
       0 Reviews


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.
         2 Reviews


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.
        17 Reviews


in the last 30 days

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Property Boulevard A full functionality system, Property Boulevard is ideal for managing 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


in the last 30 days
Hippo CMMS HippoFM is a computerized maintenance management system designed to meet the demands of government, health care, higher education, manufacturing, and property managing firms. Manages and monitors from one to 1,000 facilities.
        38 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.
        67 Reviews
Axxerion Axxion is a web-based solution that can manage a diverse portfolio of properties. Mobile-optimized, it features property budgets, robust reporting and and easily integrates with ERP and CRM systems.
       0 Reviews
WOW! On the Web WOW! On the Web’s intuitive interface makes it easy to track assets, work orders and preventive maintenance needs. With everything hosted online, property managers use less paper, save time & can easily share documents.
        1 Review

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Buyer's Guide

Commercial property management for retail, industrial and office space have needs distinct from residential properties. Solutions help 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 This 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 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 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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