Wednesday, 14 December 2011

What is Commercial Real Estate Management Software?

Commercial Real Estate Management Software is a computer program which was designed to simplify, easy and fasten the commercial real estate business processes. Commercial real estate includes properties like offices, shops, malls, hotels, hospitals, complexes, etc. All these properties need to be managed as they aim at earning profit. Property management software helps a manager to manage property processes, which includes projects, construction, service, document, report, manpower, vendors, material, contract, payment, etc.

Commercial Real Estate Management Software simplifies the following real estate processes:
  • Management of all your property details
  • Tenant Management
  • Rent/Lease Management
  • Property Credits & Debits Management
  • Contact & Leads Management
  • Tracking all Payments & Commission
  • Sell /Purchase Management
  • Manpower Management
  • Property Assets Management
  • Property Monitoring
  • Maintaining information
  • Report Generation & Property Documents Management
  • Project & Construction Work Management

This software can automate some of your works such as invoices, letters to tenants, collection, etc. Commercial real estate management software can help you to put key information at your fingertips. You can find management software in separate modules which include pre-construction, construction and post-construction.

By using the software you can streamline your day-to-day work of property management and update information in real time. Most of the commercial property owners are dependent on property management software.

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Wednesday, 7 December 2011

What is commercial Real Estate?

Commercial Real Estate is used to generate income. Basically it is used for business purpose. Due to high rates of these commercial properties, most of the business entities occupy the space on lease/rent. Investment in commercial property is a good option to produce lot of money for long term.

Commercial real estate property can be divided into categories such as:

RETAIL (These types of properties are used for selling of consumer products purposes)
Retail Space | Hotels | Restaurants | Malls | Shopping Centers | Public Houses | Shopping Complexes | Medical Centers | Convenience store | Shopping Store | Outlets | Bazaar Shops | Shops | Showrooms, etc.

OFFICE (These types of properties are used for setup offices)
Office Space | Office Buildings | Office Complexes | Office Parks, etc.

INDUSTRIAL (These types of properties are used for manufacturing, distribution and storage purposes)
Warehouses | Garages | Distribution Centers | Gas Station | Industrial Buildings | Godown | Industrial Plots | Industrial Constructed Sheds | Factory, etc.

INSTITUTIONAL (These types of properties are used for educational purposes)
Institute Spaces | Training Centers | Coaching Centers | Schools | Colleges, etc.

HEALTH (These types of properties are used for healthcare purposes)
Hospitals | Clinics | Labs | Nursing Homes | Fitness Centers | Ayurveda Centers | Spas, etc.

Usually an investor owns the commercial property and gives it on rent to business entities. Investment in commercial real estate is not a cakewalk. It requires more analysis, research and planning before buying commercial real estate.

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