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Using the internet as a way to get our various needs has been growing very common nowadays. When it comes to real estate property sector, this is also not new. Through the website of efindagent.com you will be able to find the agent that will be most suitable based on your needs.

commercial property management

For every house you see in your neighborhood, chances are 34.9 percent are renter-occupied. The reason is likely due to the fact that millennials are coming of age in an era where renting is more popular than owning.

For property managers, this noticeable supply and demand gives a substantial boost to business.

However, with this major income increase comes the need to manage properties more efficiently. Keeping an organized system can only add to your businesses success, so make sure to get ahead of the game with the right software for your needs.

Whether you’re planning on hiring a property manager or looking to take your commercial property management expertise to the next level, we’ve got some great programs for you to explore!

Top Five Commercial Property Management Tools

We’ve created the best of the best to help you get your business on track and streamline your record-keeping habits. Check out the top five programs below!

5. RealPage Commercial Property Management

The RealPage Commercial Property Management program is a dream come true for property managers. Created for small to medium-sized property management businesses, the user-friendly software has the ability to grow alongside your commercial business. Not only does it keep track of your assets, it creates reports for all stakeholders involved.

Among the many features to choose from are:

  • Checklists
  • Templates
  • Built-in data recovery system
  • Standardized leases
  • Portfolio management
  • Seven types of report options

Commercial property management industry professionals agree that this program is top-notch in function and ease of use.

4. Rentec Direct

For landlords with under 10 properties to manage, Rentec Direct is the ideal choice because it is one of the easiest programs to use. Another great thing about the program is the Basic plan is free.

Property managers can also screen applicants to weed out any potentially problematic tenants.

More features Rentec offers are:

  • Income tracking
  • Report generating
  • Streamlined record management system
  • Multiple tab integration
  • Criminal background check

The ease and user-friendly component of this program are sure to win you over.

3. Appfolio Property Manager

Appfolio is the ideal system for owners and real estate agents who prefer a quick and easy program to manage. Reports can be created with ease with the simple yet sleek template creation. More features that earn rave reviews are:

  • Mobile-friendly design
  • Ease of use
  • Owner portal
  • Ability to create an additional website with rental listings
  • Great customer support

This is a great program for property managers who prefer a more simple approach to property management.

2. Buildium Property Management

Buildium is one of the most popular programs on the market today. Used by property managers around the world, it is best known for its multi-use functions. Some of the most popular features that make this program top-notch are:

  • Business expense management
  • Leasing
  • Payment processing
  • Tax filing ability
  • Resident portal for repair and rent payment

Another great feature of this program is the ability for property managers to design their own property rental website with available listings.

1. Planon Real Estate Management

This program is ideal for large property management companies who want the option to go global. The best thing about Planon Real Estate Management is the way it allows room for growth within the program. It also recognizes how important financial efficiency is with the planning features.

A few more things that make Planon ideal are:

  • Transaction management
  • Cost forecasting
  • Spreadsheet integration
  • Easy dashboard management

If you need a program with advanced data structuring, then this is the best choice for you.

Make Commercial Property Management a Breeze

Now that you’ve got the five best five software tools at your fingertips, consider taking the next steps to finding the perfect real estate agent.

For all of your real estate needs, contact us and let us know how we can help!

property management tips

By 2019, the forecast revenue for property management in the U.S. will be about 69 million dollars. To succeed as an entrepreneur, you have to apply the right property management tips.

Unlike landlords who focus on ownership issues, managers deal with running the property. They must be responsible people and have skills in accounting and business management.

New entrepreneurs fail because they don’t know how things work in this industry. They struggle with marketing, dealing with owners and tenants, and managing their time. Others face issues in rent collection and sorting out leases with the owners.

This shouldn’t happen to you. Keep reading to learn property management tips to help you navigate this job.

Great Property Management Tips for Entrepreneurs

The competition in property management is strong because it is a lucrative business. Thus, if you are starting out, you need great property management tips and tricks to succeed.

Here are some of them:

1. Hire Responsible and Experienced Staff

Recruit a team of responsible, organized, experienced, and knowledgeable people. They should have integrity and a strong work ethic.

Pore over their histories and check if they have credible references. Hire only those who can handle the scope of the properties you want to manage.

2. Boost Your Marketing to Acquire New Clients

Improve your marketing and networking skills to attract and meet potential clients. Show them how your services differ from the competition. Show them the skills your team has for managing properties.

Take part in online conversations by building a website. Improve your social media use to connect with potential clients. Make videos and infographics to explain your company’s services to online users.

3. Fix Common Issues Affecting Properties

It’s not always the big things that affect tenants. Smaller problems such as delayed garbage disposal can make tenants very angry. Failing to fix these issues will affect the reputation of the property and your business.

As such, you should fix common issues quickly. This can include pest extermination, fixing lights, and testing the smoke detectors. Dispose garbage as soon as possible and get repair experts to fix damaged areas.

4. Make Use of Technology

Using technology solves issues with accounting, productivity, and time management. It can allow you to scan and print documents from tenants, suppliers, or maintenance teams. Moreover, you can get tools for managing the inventory on the property.

This automation gives you more time to handle other issues. It also reminds you about things you need to sort out. Plus, it will manage your finances, which is crucial to the success of your company.

5. Build Good Relationships with Support Teams

Your business will rely a lot on suppliers and maintenance teams to do their jobs well. Thus, ensure you have great relationships with them. Vet them to be sure they will show up when you have an emergency.

For example, unexpected damages may occur on the property. You will need to fix these problems before things get worse or tenants start complaining.

Learn More About Property Management

If you apply these property management tips, you’ll find everything runs smoother. That’s not to say problems won’t arise. Just that you’ll be better prepared and have a good foundation for success.

Contact us to learn more about managing properties.

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