Property Management Software

Property management software enables property managers, owners, operators and occupiers to simplify and automate the tasks associated with running their properties. This can help you control your real estate portfolio to a greater degree in an increasingly competitive and ever-changing market. These kinds of software solutions aren’t just meant for one particular kind of industry professional. Whether you own residential property, commercial property, or have real estate investments, this software can benefit your organisation with a high degree of success.

No matter what you might use it for (residential, commercial, etc.), property software has capabilities that can be applied to several different sectors of the real estate industry. These are just a few ways in which one can use the software:

• Marketing – Residential and Commercial real estate owners and operators can use specific software solutions to market their properties to potential residents and tenants.
• Lease management – Property managers of all types can benefit from automating the leasing process by gathering all the critical lease data in one location and efficiently managing the data flow.
• Tenant and resident retention – Increase engagement and keep the occupancy rate high at commercial or residential properties.
• Portfolio performance – Make portfolio decisions based on detailed, insightful data and determine how each property is performing.

Residential property management – Software can help the leasing office communicate with tenants, manage packages, and fulfil service requests at a more efficient rate.

Commercial property management – View comprehensive data and maintenance requests across properties and fulfil those requests faster. Gain access to in-depth information regarding tenant leases, asset management, and other contract information for any given property.

Real estate investment firms and REITs – Property management software doesn’t just benefit property owners; it can also provide significant value to real estate investment firms. REITs and private equity firms can use technology solutions to strategically optimise investments and manage portfolios, no matter how vast.

Property Occupiers – real estate occupiers need extensible technology to make data-informed workplace decisions. Gaining complete visibility into a real estate, facilities, and leasing portfolio, gives detailed total portfolio costs and has a big impact on the broader business strategy.

Social Housing Providers – this sector needs to manage complex requirements to ensure that they provide safe and welcoming accommodation for their residents.

Mixed-use – In today’s modern world, assets are susceptible to diversification to meet new customer behaviours. For those managing all types of properties, they need a modern property database that is capable of recognising all types of assets on top of enabling them with complete property and accounting functionality.

Residential – Residential property managers face challenges around tenant communication, lease management, property accounting processes and more. Managers have to empower the leasing staff and ensure that they can operate smoothly. They have to walk the fine line between reaching out enough to tenants to ensure retention while not overwhelming them with correspondence.

Commercial – Commercial property managers need software that will give them the ability to strengthen their strategy, improve analyses, and track portfolio performance. Those who work in the commercial real estate field need software that can help decrease wait times on property maintenance, gather complex lease data from a variety of different contracts, and automate standard processes that often take hours to complete.

Investment – Investment firms such as REITs need software solutions that help them stay ahead of their competitors in a fast-paced industry that sometimes changes quickly. In the midst of all this change, investment firms need the kinds of solutions that can help them reduce errors in their reporting and maintain the accuracy of their important financial documents. The success or failure at mitigating risk among these factors often determines just how much these firms are able to optimise returns for their stakeholders.

Yes, good property management software can assist with adherence to industry guidelines. MRI’s solutions help you achieve compliance with industry-body guidance including RICS, ARMA and ARLA.