Commercial real estate software offers a variety of features that can help you run your business more efficiently. Some of these features include Construction management, accounting, financials, and CRM. In addition, there are also leasing and tenant portals.

CRM

When selecting a commercial real estate CRM, it’s important to know what features are important for your business. The software you choose should be simple to use and will help you maintain customer relationships. Also, it should provide you with the tools to manage your listings and contacts.

It’s important to find a system that’s easy to integrate with other programs you already have. This will save you time and keep you from having to make a lot of customizations.

A power dialer is a great tool for a commercial real estate agent. It provides call recording and the option to preset an outbound call queue. Plus, you can choose to customize your caller ID.

Another feature to look for is a virtual war room portal. This allows you to share comp reports with your clients. It also gives them access to all the deals you’ve completed.

Construction Management

Construction management commercial real estate software is a tool that enables a company to oversee a project’s budget and schedule. These software programs help companies keep track of budgets and manage contracts, punch lists, and other documents.

While there are a number of construction PM solutions on the market, a few stand out. They are a great fit for any type of business, including general contractors, subcontractors, and owners.

Choosing a construction management solution involves a little bit of research. In order to determine which software is right for your business, you’ll need to consider the size of your firm and the types of projects you’re currently involved in.

A good construction management solution will also integrate with other systems to keep all information in one place. Some companies offer integrations with accounting software, legal, takeoff, and bidding.

Investment Analysis

Commercial real estate investment analysis software is a powerful tool for property investors. It offers a variety of tools to help you make more informed decisions, including cash flow, demographic, location, and other financial metrics.

DealCheck Pro is a great option for real estate investors looking for a robust, comprehensive analysis. For a monthly fee of $240, you’ll get unlimited rental comps, customized sales comps, and a range of additional features.

Valuate is a financial analysis tool that replaces Excel for analyzing multi-family properties, self-storage properties, and hotel properties. It provides pro-forma precision at back-envelope speed. You can create and run an analysis in minutes. The tool’s easy-to-use interface makes it quick and simple to analyze investments.

RealData is a comprehensive program that’s ideal for real estate investors. This software offers a host of investment analysis tools, including a cap rate calculator, a cash on cash return calculator, and an annual ROI calculator.

Leasing and Tenant Portal

A tenant portal is an online tool that helps tenants and landlords communicate and manage the relationship. It allows them to pay rent, check lease documents, and submit maintenance requests. The best tenant portals are easy to use and offer a great user experience.

Property management software combines core accounting functionality with tenant portals, providing a seamless online experience. This makes it easy to handle multiple properties, and it can help save time through automation.

Whether you are a real estate professional or a property manager, you can benefit from a tenant portal. Not only does it provide a secure way for tenants to access information, it can also keep your business up-to-date.

Streamline your lease process with automated rent increases, late fees, and reminders. You can also track financial reports and analyze rental performance trends. Using integrated leasing features can save you valuable time, and improve your team’s productivity.

Accounting and Financials

If you’re looking for a property management solution that integrates accounting and financials, there are plenty of options to choose from. The key is to find a program that suits your business, your needs and your budget.

For landlords, accounting software can help you manage cash flow and track expenses. It also allows you to maintain key documents and records.

A great option is to use a cloud-based system. This can allow you to share data with others and make tax-related information easier to access.

The Bottom Lines

Another option is to hire a professional bookkeeper. They can save you time and provide peace of mind. However, you may need to pay extra for payroll services. Alternatively, you can try to automate certain tasks yourself.

While you should always keep relevant documents, digital receipts can simplify your financial management. Also, keeping data in one place can help you with audits and tax purposes.