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Can anyone recommend a good commercial real estate management software?

Denis Cash's Profile

Can anyone recommend a good commercial real estate leasing and property management software? I have recently begun working for a group of family-owned LLCs that lease and sell dozens of commercial properties, but no records are kept on a software system.  I need to have data available at my fingertips to be able to answer such questions as: which properties are currently vacant? Which leases are terminating within the next 6 months? How many total square feet are vacant? What are the statistics on our gross and net rental rates for a given LLC, or a given property type? What is our ROI for a given property, or property type, or LLC?

Answers

Daria Taylor
Title: Controller
Company: Via Radiology
(Controller, Via Radiology) |

I'm partial to Timberline - but it's pricey. Skyline does a good job of keeping the data and doing property management, but its reporting isn't great, you have to download to Excel to to get any flexibility in reporting.

Anna Bielecki
Title: Chief Financial Officer / Controller/Sen..
Company: ToBe Enterprises
(Chief Financial Officer / Controller/Senior Consultant, ToBe Enterprises) |

My two client use QuickBooks Premier. It's well setup, they use "classes" and "projects" for allocating income and costs to the right property. Monthly rents invoices are created automatically. It works very well for them.

Stephen Veregge
Title: FP&A Consultant
Company: Forestar Group
(FP&A Consultant, Forestar Group) |

Argus and Yardi are generally considered the leading software vendors for property management. These systems can track more than you want to know, calculate partner ROI, exit points, evaluate new deals and deal structures, etc... This may be what you need with dozens of properties.

Albert A.
Title: President
Company: First Class Management, Inc.
(President, First Class Management, Inc.) |

For over four years we have been using a web based property management software solution, UnitConnect, to manage our commercial properties. Currently we manage about 200 commercial tenants ranging from big box stores such as National Grocery stores to local mom and pop stores.

The software is affordable and provides functionality required to manage commercial NNN leases. One of the features we love there is Vendor pass-throughs where you can pass through expenses incurred directly to Tenant's bills.

Visit www.unitconnect.com to find out more details. It certainly is the right solution for us.

Marty Weinbaum
Title: President
Company: Weinbaum Consulting
(President, Weinbaum Consulting) |

I would recommend Yardi

Ginny Ranucci
Title: Controller
Company: In Transition
(Controller, In Transition) |

I also recommend Yardi, but it is very expensive.

Kundan Lal
Title: Accounting & Finance Consultant
Company: Real Time Cloud Services, LLC
(Accounting & Finance Consultant, Real Time Cloud Services, LLC) |

I will recommend Intuit QuickBase, for real estate leasing and property management so that you can manage your tenants' new equipment and service requirements.

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