Maintenance: Maintain common area maintenance (CAM), which helps you track the costs involved with maintaining public areas of your commercial properties.Enhance your brand via advertising in local areas. Monitoring marketing spend and the return on investment. Track lead follow-up to prioritize higher-value opportunities. Marketing: List vacancies online and determine appropriate rent to charge.Tenant Portal: Access information online and give the ability to pay ren via online payments, submit maintenance requests, sign leases, and schedule rent increases through lease management.Lets owners pay property managers funds for needed repairs and renovations.
Provide an owner portal to give them access to property and unit inspection reports and financial statements. Owner Portal: Manage commercial properties of multiple owners.
Features of Commercial Property Management Software A commercial property dashboard in MRI Commercial Management. The software can manage tenants with multiple leases and units, and also automate and pre-schedule escalations in rent. Workflows included can allocate and calculate appropriate charges for every lease type and reconcile expenses easily. Property management software designed for commercial property management helps save time and money through automation. Beyond these core features, commercial property management solutions will include custom dashboards for increased analytics, provide instant CAM tax and insurance reconciliation, and provide a direct link with the property owners for inspection reports and proper funding of major renovations. Similar to residential property management software, commercial property management systems provide an all-in-one way to track rent payments, manage leases, and monitor the maintenance of their buildings and units. Examples of properties managed with commercial property management software include office spaces, retail stores, hotels, malls, student housing, and medical centers.
What is Commercial Property Management Software?Ĭommercial property management software provides financial and administrative tools needed to maintain commercial properties.