Managing commercial properties involves rent collection, maintenance tracking, tenant management, and financial reporting. Commercial property management software helps property managers, property management companies, and landlords oversee and manage their properties efficiently. With commercial property management software, you have access to an all-in-one platform that caters to all your property needs.
Key Features Include;
Commercial property management software typically includes the following features:
- Accounting management – Automates rent collection, late fee assessments, expense tracking, and financial reporting.
- Reporting and analytics – Provides detailed financial and operational reports for performance tracking and decision-making.
- Tenant portal – Provides tenants with a platform to submit maintenance requests, pay rent, and access lease information.
- Marketing tools let you list properties and units, access lease templates, and screen tenants efficiently.
Here are the top 20 best commercial property management software
1. DoorLoop
DoorLoop simplifies managing and expanding your portfolio. Its intuitive dashboard makes it easy to navigate and start using right away. The platform provides full features that simplify property management tasks. Its accounting suite, designed to replace QuickBooks, supports multiple payment methods, custom reports, and a complete chart of accounts. The software also includes a built-in CRM and tenant portal, allowing you to collect rent, receive maintenance requests directly from tenants, communicate with them, and even offer insurance.
2. AppFolio
AppFolio provides a comprehensive platform that covers every aspect of property management. It has an intuitive design, which improves business processes and enhances collaboration through unique tools and a mobile app. In addition to its AI-powered maintenance workflows, the platform’s standout feature is its universal search bar.
3. RealPage
RealPage offers property management software, data analytics, and services to streamline the management of rental properties and real estate. Its comprehensive feature set covers everything necessary to manage a commercial property portfolio. RealPage is recognized for its user-friendly lease administration tools and its efficient common area maintenance reconciliation system.
4. Avail
Avail allows property managers and landlords to market, maintain, and manage their properties efficiently. As an all-in-one solution, it’s particularly suited for managing smaller portfolios. Made for landlords, Avail helps find tenants, advertise property vacancies, pre-screen applicants, conduct credit checks, process payments, and sign lease contracts. The lease template library, omnichannel marketing suite, and responsive customer support as its standout features.
5. Buildium
With Buildium, you can approve lease applications, resolve maintenance issues, manage payments, and update financials effortlessly. It offers a complete set of property management tools, known for its ease of use and responsive support. Key features of Buildium include rental listings, tenant screening, lease management, rent collection, property accounting, handling maintenance requests, and communication tools.
6. Propertyware
Propertyware provides a user-friendly solution for managing residential rental properties, specifically for single-family homes. It improves tasks for managers and landlords by handling marketing, maintenance, management, and accounting workflows. The software includes robust leasing and accounting features, such as automatic payment reminders and lead tracking. It delivers nearly all the essential functions you would expect from a comprehensive property management platform.
7. TenantCloud
TenantCloud provides an all-in-one solution for managing unit marketing across multiple ILS, screening and leasing prospects, handling maintenance work orders, processing online payments, and generating reports. It allows you to easily list properties, collect payments, and manage your portfolio online. While it works well for single landlords and small property managers, it may slow down operations for businesses managing more than 30 units.
8. Total Management
Total Management offers web-based software that enables property management companies to manage and grow their businesses cost-effectively. The software includes essential commercial capabilities, such as tax and insurance reconciliation and communication management. Known for its quick and easy implementation, it allows users to get started quickly. It features a tenant portal with online bill payment, employee work order communication, and a duplicate invoice catcher.
9. Rentec Direct
Rentec Direct provides you with your merchant account from CSG Forte. With this integrated merchant account, tenants can pay their rent directly through the Tenant Portal using their checking account or a debit or credit card. Rentec Direct addresses different property management needs, making it ideal for individual landlords and larger property management companies. Its affordability makes it an appealing choice for those looking to start or expand their portfolios.
10. MRI Commercial
MRI provides flexible residential management software with a comprehensive range of features, leasing tools, and a high degree of customization. However, this extensive functionality comes at a cost, and many users find the MRI interface somewhat outdated. The software includes online bill pay, lease templates, and powerful reporting tools.
11. VTS
VTS is a platform for commercial real estate (CRE) leasing and asset management. By centralizing critical data and workflows, VTS empowers landlords, property managers, and brokers to attract, convert, and retain their most valuable assets and tenants more effectively. The software includes unique business intelligence analytics that facilitates easier closings and helps maintain occupancy.
12. CRESSblue
CRESSblue is a cloud-based commercial property management software for net lease properties like retail shopping centers. It offers automation systems, including automatic leasing calculations and scheduling. With full integration among various features, CRESSblue empowers property managers to estimate costs and calculate common area maintenance (CAM) expenses, insurance, and taxes related to multiple properties.
13. SKYLINE
SKYLINE combines full lease administration, property accounting, general ledger, and accounts payable into a single platform suitable for all property types. The software provides a set of features, offering a broad range of functionalities, including accounting, tenant management, scheduling, maintenance management, and more. Users appreciate its intuitive interface, which makes it easy to start using and learn.
14. Re-leased
Re-Leased offers a cloud-based commercial property management solution with key features such as accounting, portfolio management, tenant communication, and inspections. Its visually appealing user interface allows users to easily find what they need. The software facilitates tenant communication, ensures compliance management, provides robust accounting features, and integrates seamlessly with Xero.
15. Entrata
Entrata empowers property managers to efficiently manage all aspects of their business operations, such as accounting, marketing, leasing, and reporting. Its intuitive interface resembles popular social networks, allowing users to navigate the platform with minimal technical knowledge. With AI, automation, and business intelligence, Entrata streamlines property management workflows, serving as the operating system for enhanced efficiency.
16. Zego
Zego’s property management software automates rent collection and utility management, boosting NOI, increasing efficiencies, and improving resident satisfaction. Designed for property owners, managers, developers, and homeowners, Zego modernizes and automates workflows to enhance efficiency. It offers multiple payment options, including debit and credit cards, e-checks, digital wallets, check scanning, and cash.
17. Corrigo
Corrigo delivers a comprehensive software solution that helps businesses enhance efficiency in their maintenance operations. The platform excels at managing work orders, tracking assets, and coordinating vendors, creating a centralized hub for all facility-related activities. Its integration capabilities make it especially suitable for large enterprises and multi-site operations.
18. Hemlane
Hemlane offers free property management software to manage your rental properties. This tool assists owners, agents, managers, and tenants in maintaining properties over time. Users can easily advertise properties, automate communications, access credit reports, and store contracts. The software also provides applicant tracking, tenant screening, lease management, online rent collection, financial management, and property maintenance features.
19. Yardi
Yardi offers a cloud-based platform that equips organizations and individuals with robust features for managing their real estate portfolios. The software has two variations: Yardi Breeze and Yardi Voyager. Yardi Breeze caters to commercial, residential, and specialty markets, while Yardi Voyager serves companies with complex property management needs.
20. Rent Manager
Rent Manager offers all the necessary features for managing a business while providing special tools for property management. The platform includes accounting, operations, marketing, and reporting capabilities. It enables users to collect rent, communicate effectively with tenants and staff, manage workflows, create maintenance checklists, assign tasks, track inventory, and integrate work orders with bills.
Choosing the right commercial property management software depends on the size of your portfolio, your specific needs, and the complexity of your operations. Each of these platforms offers unique features to help with property management tasks, improve tenant communication, and optimize financial tracking. By selecting the software that best fits your business, you can increase efficiency and ensure your commercial properties are managed effectively.