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Commercial Real Estate Management Software

627 Views | 3 Replies | Last: 5 yr ago by fdt00
Falcon10
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AG
We need some help. My partners and I own three commercial buildings with a mixed tenant base of retail and office totaling 11 units and around 30,000 square feet. The monthly financial management is getting a little too difficult for simple excel and QB. We contacted Appfolio but apparently our units managed is not big enough. Can anyone recommend a good commercial real estate management software service?
752bro4
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AG
MRI is the standard for most commercial management firms.

Karden is much easier to navigate for budgeting/reforecast/CAM Recs, but not sure about how it operates on the daily/monthly reporting.
Falcon10
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AG
Which do you prefer for smaller portfolio in growth stage?
752bro4
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AG
MRI can do it all, it may be cost prohibitive though

I'd also look at Yardi.
fdt00
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AG
We use Resman for our multifamily, and it is very cost effective. Costs about $1.50-$1.75/door. You will have some frontend expenses for setup and implementation, but by far best bang for the buck in the industry.
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