Did you know that the property management software market size will have a 5.6% CAGR between 2022 and 2030? This trend is due to the increased demand for systems that allow remote supervision and management of rental properties.
It’s essential to have the best commercial property management software. It helps you sort your tenant details and manage the financial accounts. In the long run, you have a good scope of the performance of your property.
Depending on your company’s needs, you can choose from many software applications. Below we discuss the best software you can use to manage your commercial property.
1. Buildium
This is a cloud-based software that enables rental property owners to manage the payment of rent and vacancies in their property. The owners can also keep track of general ledger accounts and business operations.
You can customize the software to send and update rent payments automatically. You can apply the software in the office or remotely. The software is easy to use and provides its users with a good support system in case of inquiries.
However, it’s important to note that the software doesn’t have a free version. It offers a 14-day trial, after which you choose a payment plan that sits within your budget.
2. AppFolio
This is the best software for property management companies with large portfolios. You can use the software to manage hostels, commercial, and residential properties.
The software has advanced features that enable you to manage your units and grow your business remotely.
3. Rent Manager
The Rent Manager is a good management software that gives you value for your money. It’s used for residential, commercial, and self-storage rentals.
The system is powerful enough to support large portfolios and has a double-entry accounting system. Additionally, it’s easy to use and provides the users with various products to choose from.
4. Yardi Breeze
This is cloud-based software that enables owners to manage their property efficiently. It has unique features such as online rental applications and automated marketing options.
The software also has tenant communication protocols. This enables the tenant to attach images when requesting maintenance services.
If your rental company requires advanced marketing options, you should consider the Yardi Voyager. It has high-level features that increase the rate of signing in tenants. You can enroll in a Yardi Voyager training program to get a broader understanding of the software.
5. Funnel Leasing
If you are looking for software to increase the leasing rate of your rental property, this is your best option. The Funnel Leasing software eases property management by simplifying the leasing process.
It provides statistics and analytic tools to help you efficiently manage your property. It also allows you to communicate with your tenants and quickly respond to their issues.
Get the Best Commercial Property Management Software
Good property management involves being up to date with your account details and tenant information. Keeping up with all these details can be tiresome and time-consuming.
The guide above provides you with the best commercial property management software to help you navigate the real estate industry.
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