Property owners, whether investing in commercial real estate, multifamily rentals or single-family houses, must have an organized and consistent financial management. To ensure that their tenants have the most enjoyable experience, they should keep an eye on their property’s appearance and curb appeal. And they have to remain on top of budgeting, tax compliance and other financial reporting in order to maximize their ROI.
This is where real estate management comes in – it’s the collection of procedures, actions and systems utilized to care for and maintain physical property assets. It’s the job of the people who manage the physical assets also. It’s a challenging job that requires both an eye for numbers as well as a soul for the tenants.
Real estate agents have a wide range of responsibilities, including screening tenants, managing properties, and contracting leases. These tasks are essential to create happy and healthy rental communities that keep tenants coming back. They’re also crucial to ensure that the owners are able to turn their property into a successful investment which will increase its value over time.
However, with the rise of digitalization, smart buildings, and the expectation of occupants for quality new challenges that are keeping facilities managers up all late at night. These issues include full visibility into their portfolios as well as streamlined maintenance, operations, and leasing accounting. Accruent Lucernex provides real estate management software that can address these issues, and improve productivity.
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