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What is commercial property management software?

A commercial property management solution helps eliminate the troubles of overlooking several rental properties in person. The solution helps homeowners handle various aspects, such as rent and financial management and property maintenance.
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What 5 key Commercial Property Management Software features should I look for?

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.

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Showing 1 - 20 of 81 products
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Showing 1 - 20 of 81 products

DoorLoop

MEMORIAL DAY SALE: Get 50% off your first two months if you join by Friday May 20! Get a fully customizable rental property management software that helps manage your properties from one place. Unlimited free training, support, a...Read more

4.89 (73 reviews)

137 recommendations

Yardi Breeze

Yardi Breeze is refreshingly simple property management software designed with one goal in mind: to provide our users with a single platform that’s easy to use and takes advantage of the latest advances in cloud-based technology. ...Read more

4.03 (75 reviews)

90 recommendations

AppFolio Property Manager

Run your entire portfolio on one modern platform. AppFolio’s intuitive and user-friendly experience gives your property management team the tools they need to provide excellent service to residents and owners. Whether you manage m...Read more

4.56 (1747 reviews)

46 recommendations

PriceDemo

SKYLINE

SKYLINE from SS&C Technologies is a web-based property management and accounting solution suitable for small to midsize real-estate firms. Designed to handle an array or key operations, SKYLINE is capable of offering integrated to...Read more

3.61 (49 reviews)

13 recommendations

PriceDemo

Re-Leased

Re-Leased is a cloud-based commercial property management solution. Key features include accounting, portfolio management, tenant communication, inspections, document storage and compliance management. The solution integrates with...Read more

4.51 (80 reviews)

11 recommendations

MRI Commercial Management

With more than 40 years as an industry leader, MRI Software utilizes their breadth of knowledge to offer Commercial Management, a scalable, customizable system that optimizes real estate investments and operations....Read more

3.86 (25 reviews)

4 recommendations

Total Management

Total Management is a cloud-based property management solution suitable for midsize to large organizations that manage apartments, mixed portfolio, REITs and commercial or retail space. Total Management helps users multitask ...Read more

4.23 (89 reviews)

3 recommendations

Property Matrix

Property Matrix is a cloud-based property management solution for apartment complexes and multi-family unit properties. It offers applications for tenant and lease tracking, property accounting, building maintenance, CRM and onlin...Read more

4.61 (31 reviews)

2 recommendations

Sage 300 Construction and Real Estate

Sage 300 Construction and Real Estate, formerly Sage Timberline Office, provides contractors, developers, and property managers with the most complete solution for managing the entire project or property lifecycle with confidence,...Read more

Wild Apricot

WildApricot is a cloud-based membership management system used by business and trade associations, chambers of commerce, nonprofits, charities, clubs and community organizations. It supports organizations from a few members to 15,...Read more

Software pricing tips

Read our Commercial Property Management Software Buyers Guide

Subscription models

  • Per employee/per month: This model allows you to pay a monthly fee for each of your employees.
  • Per user/per month: Users pay a monthly fee for users—normally administrative users—rather than all employees.

Perpetual license

  • This involves paying an upfront sum for the license to own the software and use it indefinitely.
  • This is the more traditional model and is most common with on-premise applications and with larger businesses.

Rated best value for money

Hotelogix

Hotelogix is a fit for small and mid-sized hotels, resorts, B&Bs, and other property types seeking an end-to-end solution that offers features a growing hotel needs, available in the cloud....Read more

Guesty

Guesty is an end-to-end solution for short-term property managers looking to save time, increase revenue and grow their businesses. The software allows users to manage listings across multiple channels, such as Airbnb, Booking.com...Read more

Zoho Creator

Zoho Creator is an all-in-one low-code application development software platform that is designed to help businesses digitize their business operations without the hassle of traditional development. The solution enables profession...Read more

AvidXchange

AvidXchange offers accounts payable software solutions and dedicated service teams that help automate your AP and payment process, replacing manual AP with a digital application suite that provides you with 24/7 on-demand, remote ...Read more

4.57 (87 reviews)

VTS

VTS is a CRE leasing and asset management platform. VTS specializes in centralizing critical data and workflows in one place, VTS empowers landlords, property managers, and brokers to better attract, convert and retain their most ...Read more

4.64 (86 reviews)

PriceDemo

Streamline

Streamline Vacation Rental Software is a cloud-based property management solution. It includes tools and resources for managing online booking as well as integrated modules for streamlining owners, housekeeping and the front ...Read more

4.55 (69 reviews)

PriceDemo

Snapfix

Snapfix is a mobile and web-based platform that uses photos, videos, messages and traffic lights to keep teams organised. With Snapfix, team members can instantly capture and report issues or faults, assign the tasks to appropri...Read more

4.73 (59 reviews)

PriceDemo

roomMaster

roomMaster from InnQuest is a powerful, hotel management solution. Properties in over 100 countries rely on roomMaster to manage their front office, central reservation, guest relations, housekeeping, accounting and maintenance. ...Read more

4.29 (56 reviews)

LandlordTracks

LandlordTracks is a cloud-based property management suite suitable for residential, commercial and corporate housing. Key features include automatic rent collection and owner disbursements, automatic vacancy listings, background c...Read more

4.21 (53 reviews)

PriceDemo

MYBOS

MYBOS is a cloud-based facility management solution designed to help small and midsize property owners manage client communications, create work orders, manage workflows, schedule maintenance and more. MYBOS offers a calendar...Read more

4.22 (51 reviews)

PriceDemo

Buyers Guide

Last Updated: May 20, 2022

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.

Here's what we'll cover:

What is Commercial Property Management Software?
Common Features of Commercial Property Management Software
Market Trends to Understand
Case Studies

What is Commercial Property Management Software?

A commercial property management solution helps eliminate the troubles of overlooking several rental properties in person. The solution helps homeowners handle various aspects, such as rent and financial management and property maintenance.

Advanced commercial property management systems offer cloud-based portals that enable busy property owners, who live far away from the properties, manage their investments online anytime. The solution can be accessed either from a desktop or any mobile device. Also, based on your purchasing budget, there are commercial solutions in the market that either charge a monthly fee (such as AppFolio property manager) or a one-time license cost (such as SKYLINE property management software).

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.

Market Trends to Understand

Commercial and real estate property owners should always be ready for unexpected changes in the marketplace. The trends mentioned below can help you identify the current trends in the commercial property market.

Software-as-a-service. The ability to always be connected, ease of use and technology savviness are among the primary requirements of this software market. SaaS combines all three and enables users to access the solution online from any location. It also reduces the operating costs and enhances the flexibility of management.

Self-service portals. These days, clients prefer to manage things and access their accounts from the comfort and user-friendly interface of their smartphones and mobile devices. Hence, commercial and real estate property management systems must include features that allow residents and tenants to access their accounts online by logging on to self-service portals.

Business intelligence capabilities. Information derived from business intelligence applications is essential for driving future business strategy. A key feature of commercial property management systems is forecasting and budgeting capability. This feature will enable property owners to understand various scenarios (such as future demand analysis and potential financial risk) which may occur in the future and anticipate measures to counter them.

Payment automation. One of the fastest-growing trends in the property management software market is the ability to accept payments online. With the rapid growth in the number of online transactions and purchases, tenants expect an automated payment system to be an integral part of any property management system.

Mobile optimization. Mobile devices are rapidly disrupting the traditional workflow. As a result, many property owners plan to extend their existing applications to smartphones and other mobile devices. Mobile optimization enables tenants and residents to manage their rentals and paperwork remotely.

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