Do you have a small business where you own multiple commercial real estate properties? Do you regularly need to know how much rent your properties are bringing into your business? Does your current software package fail to calculate this for you in real-time? If you’re looking for the very best in commercial property accounting software, you may want to consider my company’s latest innovation in commercial property management software that is available today.
With our commercial real estate accounting software, you can easily keep track of your cash flow, expenses, and more. Our expert staff can even help you to build a custom, user-friendly system to make the most of your commercial property management software for small business. Having a top notch system will make your job as an owner easier, but it’ll also lead to better decision-making as every dollar will be accounted for as it comes in and goes out.
DoorLoop
DoorLoop is a complete property management software tool that makes managing and growing your portfolio simple and easy.
The dashboard is designed to be highly intuitive and easy to use (and easy to get started). It comes with a full suite of features that make it easy to centralize and streamline your entire property management business.
Features include:
- Accounting suite designed to replace QuickBooks, including a variety of payment methods, custom reports, a complete chart of accounts,
- Built-in CRM and tenant portal that allows you to collect rent, receive maintenance orders straight from tenants (and even communicate with them from within the platform), offer renters insurance, and more
- Easy maintenance order management, including everything from work order creation to tracking and vendor payments
- Marketing features including automatic listing, scheduling showings, tenant screening, and more
- Owner portal that provides access to reports and allows you to print checks
DoorLoop Pricing
Not sure if DoorLoop is for you? Our full-service property management and accounting software is 50% off until 2022.
(That includes unlimited support & training as well.)
After 2022, pricing starts at only $49/month for your first 20 units.
RealPage Commercial
RealPage Commercial is a comprehensive property management solution suitable for REITs, property management companies, real estate owners, and developers of office, industrial, and retail portfolios.
It offers a number of operational, financial, and reporting functionalities that cover every aspect of commercial real estate management.
Its lease administration component comes with lease boilerplates that make adding new leases easy.
The platform also features lease accounting calculations for CPI increases, percentage rent, late fees, recurring charges, and more that ensure accurate billing.
Its common area maintenance reconciliation engine can handle the entire recovery billback process.
RealPage Commercial also comes with a tenant portal that allows users to make payments online, send service requests, view lease balances, and more.
The platform uses a subscription-type pricing model based on your portfolio’s total square footage.
The plan for office and retail assets is $10/month per 10,000 square feet, and the industrial assets plan costs $5.83/month per 10,000 square feet.
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 multifamily apartment complexes, single-family homes, or community associations, our software has everything you need to streamline and grow your business. Feature highlights: Self-service online owner and renter portals, online applications and leases, online payments, built-in screening, maintenance requests, mobile inspections, bulk text messaging, accounting and reporting, and a seamless mobile app experience. Also includes: property listings management, cash flow management, landlord insurance tracking, automatic bill posting, paperless work order generation, report customization, and more. AppFolio customers receive access to training and help resources, as well as an award-winning support team. Finally, a property management software that gives you the clarity to focus on what matters most.
MRI Commercial Suite
MRI’s commercial real estate management software is packed with features.
Its lease administration module serves as a centralized data repository allowing users to access the latest lease data for each tenant.
The platform also features advanced calculators for lease clauses, offsets, breakpoints, and recovery billbacks. It has robust reporting and data visualization tools that can help analyze and maximize the overall portfolio performance.
The included Tenant Connect portal lets tenants access account information, make online payments, and submit service requests anytime, anywhere.
MRI Commercial Suite is used by over 3,900 commercial clients, managing 30 billion square feet and over 2.3 million leases. The web-based version of the software is accessible across multiple devices.
RealPage Commercial
RealPage Commercial is a complete property management solution geared towards commercial portfolios.
It has a full suite of features that covers everything you’d need to manage your commercial portfolio.
They’re known for a convenient lease administration feature and an easy-to-use common area maintenance reconciliation system.
Features include:
- Tenant portal that allows tenants to make payments online, view balances, and more
- Work order management
- Robust accounting features including calculators for late fees, recurring charges, rent percentages, and CPI increases
- Leasing automation features
RealPage Commercial Pricing
RealPage Commercial separates its commercial pricing based on the type of property: office & retail assets and industrial assets.
They also offer a unique square footage pricing model, with their Office & Retail Assets plan. This plan comes out to $10 per month per 10,000 square foot while their Industrial Assets plan comes in at $5.83 per month per 10,000 square foot.
Buildium
Buildium, a Real Page company, provides a cloud-based property management solution that makes it possible for managers of residential and association properties to take control of every aspect of their business, whether in the office or fully remote, including online rent and payments, vacancy management, maintenance cycles, and accounting. Buildium brings the full lead-to-lease cycle online, from syndicating vacancies to handling lease applications online, to handling tenant screening services, lease renewals, online rent payments and more. Buildium provides full general ledger accounting, as well as automated rent and fee reminders and on-demand reports. Property managers can also offer their residents the ability to make all payments online, set recurring payments, and purchase renters’ insurance, all through Buildium’s Resident Center site and dedicated mobile app. Residents and property owners can submit maintenance requests through dedicated online sites and mobile apps. Property managers can turn requests into work items and assign them to maintenance managers and staff, communicating status updates and confirming the completion of the work, all from one central location. Recently, Buildium announced business analytics and insights to help property managers track their business performance in the context of the market around them, as well as an Open API, designed to free your data and allow the export of key data points from Buildium into other business tools and systems. Additionally, the integration with All Property Management, a Buildium company, means that property managers can receive and manage new business leads, all from within the Buildium dashboard.
CRESSblue
CRESSblue is a commercial property management solution for net lease properties such as shopping centers, retail plazas, and industrial and office complexes.
It can streamline a variety of property management tasks and functions such as lease abstracting, budgeting, maintenance contracts and schedules, CAM reconciliations, lease options, work orders notifications, and a lot more.
The software can also help standardize document administration across the entire portfolio and produce various reports.
CRESSblue pricing is based on the number of leases and users managed, and it includes free upgrades. Introductory training is available for individual users or groups, and the company offers phone and email support.
Conclusion:
This accounting software for commercial real estate is a business management tool that enables you to keep track of properties, tenants, accounts and transactions. It features a cash flow calculator that assists you in budgeting and forecasting. The accounting program also offers contractor billing functions that allow you to create a purchase ordering system.