FINANCE

Monday, February 7, 2011

How Commercial Property Management Software Can Simplify Your Career

If you work in commercial property management you know how difficult it can be to keep track of the stacks and stacks records you are required to keep. Commercial property management software can help save you precious time by providing you with a way of keeping accurate information in one convenient place, and can be easy to operate. This software is customised to the commercial property management profession and can help offices keep track of several duties.
Integrate Accounting Information
Commercial property management software can streamline accounting practices by allowing the user to track inventory and renovations and/or upgrades on properties, note depreciation of equipment and/or properties, reconcile bank statements, balance ledgers, pay bills, and even print cheques from one convenient place.
There can also be room to keep notes on every property you own so that you can see at a glance up-to-date information without having to look through endless files.
Track Vendors
Roofing materials, landscaping, electrical repairs, these all probably come from different vendors. With commercial property management software you can keep track of what vendors provided materials and service to what properties. Most property managers know how difficult it can be to keep records of so many vendors on each property. This feature can come in very handy for those who have multiple properties to keep track of.
Record Rental Income
This option is especially convenient for commercial properties such as office buildings where rent is collected from multiple businesses. It also keeps track of dwellings such as flats, apartments and condominiums.
Keeping track of these monthly payments by hand can be very time consuming and somewhat confusing, especially if you manage both commercial and residential properties Software can be designed to handle both. This function simplifies the process and can be automated to flag those tenants who may be late on their rent or in arrears.
Keep Appointments
A property manager must keep track of all services that are provided to their properties. Insurance, maintenance and repairs are invoiced every month. The software lets users keep up-to-date on things such as monthly appointments to each separate property or pay recurring payments automatically.
There is no longer any reason to spend hours each month doing recordkeeping duties. Almost all of your business can now be done with just a few clicks of a mouse. Commercial property management software can give you back the time you need to invest and make the most of your investments.

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