The best commercial property management software can save you the hassle associated with renting out properties, especially for retail, industrial and office space needs. Such software allows you to calculate rent increase automatically, create comprehensive financial forecast and recurring charges for each tenant, among other useful things. However, finding the best commercial property management software is not always an easy task, you need to consider the following features for the best results.
1. Property and maintenance tracking
The best software should have this feature in order to allow you manage several addresses based on different units as well as complexes or regions. Also, it must have the ability to keep records of regular maintenance schedules and automated alerts to notify you of upcoming property maintenance tasks.
2. Integrated accounting, Budgeting and forecasting
Accounting parameters including accounts payable and receivable, expense tracking, ledgers, balance sheets, payrolls and income statements are not always easy to maintain. Therefore, you must select commercial property management software that incorporates an Integrated Accounting for this purpose. If the software supports budgeting and financial forecasts, then it is the best for you.
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