Commercial and corporate real estate managers require a targeted, industry specific ERP software solution to manage the transactions of property based inventory such as retail, office, industrial, residential or corporate and branch offices. A real estate software solution will track property and all tasks associated with the life span of an asset including the original acquisition of real estate property, space management and assignment, lease administration, rent escalation, grounds maintenance, incoming rent payments, and the ultimate disposal of the property.
In addition to tracking core business transactions, a real estate software package will track and analyze real estate portfolios and help facilitate strong decision-making and investment strategies through detailed cost and revenue accounting and reporting.
Real Estate Software Requirements
- Real estate property acquisition
- Space management and assignment
- Lease administration
- Rent escalation
- Grounds maintenance
- Incoming rent payments
- Property disposal