Choosing the Best Commercial Real Estate Management Software by:Garth Catterall-Heart

Being a commercial rental property manager is not an easy task

. What if you don't have the necessary tools that would be of help in your work? If you're a solopreneur who owns or manages commercial rental property, and are looking to make your life easier, why not look for the right tenant software for your business. A commercial property management software that would have all your necessities packed in one. In this article we will help you determine what property management system software is best for your needs.

First, you must know your needs. What are you looking for in accounting software for rental properties? Second, do you need a desktop application or a web-based program? Third, is the software user-friendly? Fourth, how affordable is the commercial real estate software?

The common features of a commercial property management software are:

Keep track of rent payments for tenants which include utilities and other charges such as late charges. Accept partial and government subsidies.

An easy-to-use database that tracks all the information about your tenants that you will need.

Organize your tasks and easily create lists of things to do.

Record important information on all of your rental units.

Send promotional materials or other form letters to all of your guests, vendors, family, friends or any other contacts.

Generate rent receipts, statements, and keep track of payments.

Track of all your income and tax deductible expenses and generate tax form reports.

Keep track of any appliances, furniture, etc. that is part of the rental unit with this component.

Record all your expense payments and travel deductions. View deposits and debits for any number of expense reporting accounts.

A way to add misc. charges and record full and partial rent payments and print rent receipts.

Keep track of all your work orders, and scheduled repairs.

Display your appointments, deadlines and other important events in Daily, Weekly or Monthly Calendar formats.

Create Work Orders for any repairs or maintenance, track vendors, schedules, work completed and amounts paid.

Keep track of deposits, payments to accounts, and other income sources. Generate registers for your income reporting accounts.

Some building management software will also keep track of schedules, generate form letters to be mailed or emailed, and provide other tools to help you streamline your business. Consider these additional features:

Create To Do Lists with room for notes, deadlines, priorities, etc. with project management software.

The best commercial real estate property management also includes tools which allow you to look up where area codes are, calculate time zone differences, and has a universal calculator that adds or subtracts numbers, dates and times, converts length, volume and weight measurements, computes discounts, sales tax, foreign money exchanges and loan payment amounts.

One major thing to consider is, should it be a desktop application or a web-based application? Here are some differences between the two:

A desktop application is an application that runs without the need of an internet connection. A web-based application, which includes any software you log on to a web site to access, requires a fast, reliable internet connection.

Desktop software is generally much faster and easier to use than web-based software. If you do not have a very fast internet connection, it could take you several times longer to get the same amount of work done.

If your web connection goes down, or the company's website were to go down, or the company went out of business, you will no longer have access to your data if using web-based applications. A desktop application, if backed-up regularly, is more secure and reliable than a web-based application.

With desktop applications, you generally pay just once, and technical support is often included. With web-based applications you rent the software, paying monthly fees and often get only email support.

The next thing to consider is how easy is the software to use? Is it easy to understand? Are you comfortable using the software? Can you get technical support easily and quickly, both by phone and by email? Does that support cost extra?

The final question is, how much are you willing to spend for this software? You must also consider cost-effectiveness. You must analyze if the money you'll pay for the best commercial real estate management software is worth it.

As a solopreneur, I'm sure you would rather find ways to save money and at the same time have the features and capabilities you are looking for in commercial rental management software?

With these things in mind, you can now determine what would be the best lease management software for your need. The best property management software in my opinion is Rental Property Tracker Plus. It is a reasonably priced desktop application that is easy to use and is available for most Mac and Windows computers.

To better understand ease, comfort and productivity, and download a free trial today, visit http://www.productivity-software.com/rental/index.html for more details.

About the author

Garth Catterall-Heart has been creating productivity software for self-employed professionals and rental property management software since 1999. Download your free trial for Mac or Windows at http://www.productivity-software.com/rental/index.html

Jonathan Victolero assisted in the writing of this article.

You may reprint this article only in its entirety with this bio.

2010 Garth Catterall-Heart

POST COMMENT

Choosing the Best Campground Reservation Software for Campgrounds and RV Parks by:Garth Catterall-Heart Vacation Rental Management Software - Which is Best for You? by:Garth Catterall-Heart Your Guide To Point Of Sale Software by:Jason Harrison Things to Look For In POS Software by:Jason Harrison Discover How You Can Use Edi Software by:Rudy Silva Are There Such Things As Cheap Ink Cartridges? by:Kathryn Dawson What's the Difference Between WordPress.com and WordPress.org, Anyways? by:James Druman Advertise Your Real Estate Property Online with Major Search Engines by:Jack Bosch Sexual Predators On The Web Can Be Stopped With A Reverse Email Search by:Ed Opperman Construction Job Websites - Tips on Finding the Best Construction Jobs Online by:Silas Reed Jobs Post Resume - How to Post Your Resume by:Silas Reed Resume Submission Service - Tips on Submitting Your Resume Online by:Silas Reed Resumes Postings - How to Find the Best Website to Post Your Resume by:Silas Reed