New versions of Rental Property Tracker Plus, Commercial Rental Tracker Plus, Resort Rental Tracker Plus, Vacation Rental Tracker Plus and Bed & Breakfast Tracker Plus were released today.
Here’s what’s new in Commercial Rental Tracker Plus
* Asset Tracker keeps track of any appliances, furniture, etc. that is rented with the unit.
* Work Order Tracker keeps track of any repairs or maintenance schedules.
* A lease expiration report has been added to the end of Tenant Tracker’s Rent Roll report.
* You can add Metered Charges for electric, water, etc. to Rent Receipts.
* You can add additional Rents (such as a Guest Rent) to Rental Income Tracker’s Charges field.
* You can process Online Credit Card Payments. When the Enable Online Payments option in Tenant Tracker Preferences is selected, a new button will appear at the bottom of the Rental Income Tracker window called OCCP. Clicking this button opens a new window where you can Store and Lookup credit card information for your tenants. When you choose the payment type of Credit Card in Rental Income Tracker, you will have the option of using this new feature. Go to http://www.productivity-software.com/online_payments.html for more information.
* Added 1099-MISC Printing feature to Expense Tracker’s Reports – this works similarly to the check printing feature.
* Added Owner accounting reports. After creating a Property Management Invoice there is a new Reconcile Owner’s Account button in the top right corner of the Invoice screen.
* New option in Expense Tracker’s New record dialog creates a Combined record or check for the current Payee with the current Date.
* Added new Find feature for Expense and Other Income Trackers. Great for creating duplicate expense records for recurring expenses.
* New Address Format menu allows you to print addresses in many common international formats.
* Added a Category menu to Task Tracker so you can easily create several different to do lists.
* New Frequently Called Contacts feature in Contact Tracker lists people you want to call often, when they were last contacted, a special notes field, their phone number and email address.
* Improved Email features. Users now have the choice of using the email program on their computer or an online email program.
* Many other improvements. Go to this page to see a complete list of changes to this software.
Being a commercial rental property manager is not an easy task. What if you don’t have the necessary tools that would be of help in your work? If you’re a solopreneur who owns or manages commercial rental property, and are looking to make your life easier, why not look for the right property management maintenance software for your business. A commercial property management software that would have all your necessities packed in one. In this article we will help you determine what landlord property management software is best for your needs.
First, you must know your needs. What are you looking for in building management software? Second, do you need a desktop application or a web-based program? Third, is the software user-friendly? Fourth, how affordable is the commercial real estate property management software?
The common features of a commercial property management software are:
* Keep track of rent payments for tenants which include utilities and other charges such as late charges. Accept partial and government subsidies.
* An easy-to-use database that tracks all the information about your tenants that you will need.
* Record important information on all of your rental units.
* Generate rent receipts, statements, and keep track of payments.
* Keep track of any appliances, furniture, etc. that is part of the rental unit with this component.
* Keep track of all your work orders, and scheduled repairs.
* Organize your tasks and easily create lists of things to do.
* A way to add misc. charges and record full and partial rent payments and print rent receipts.
* Record all your expense payments and travel deductions. View deposits and debits for any number of expense reporting accounts.
* Keep track of deposits, payments to accounts, and other income sources. Generate registers for your income reporting accounts.
* Track of all your income and tax deductible expenses and generate tax form reports.
Some property management software will also keep track of schedules, generate form letters to be mailed or emailed, and provide other tools to help you streamline your business. Consider these additional features:
* Send promotional materials or other form letters to all of your guests, vendors, family, friends or any other contacts.
* Create Work Orders for any repairs or maintenance, track vendors, schedules, work completed and amounts paid.
* Display your appointments, deadlines and other important events in Daily, Weekly or Monthly Calendar formats.
* Create To Do Lists with room for notes, deadlines, priorities, etc. with project management software.
The best commercial real estate rental software also includes tools which allow you to look up where area codes are, calculate time zone differences, and has a universal calculator that adds or subtracts numbers, dates and times, converts length, volume and weight measurements, computes discounts, sales tax, foreign money exchanges and loan payment amounts.
One major thing to consider is, should it be a desktop application or a web-based application? Here are some differences between the two:
* A web-based application, which includes any software you log on to a web site to access, requires a fast, reliable internet connec A desktop application is an application that runs without the need of an internet connection.tion.
* Desktop software is generally much faster and easier to use than web-based software. If you do not have a very fast internet connection, it could take you several times longer to get the same amount of work done.
* If your web connection goes down, or the company’s website were to go down, or the company went out of business, you will no longer have access to your data if using web-based applicati A desktop application, if backed-up regularly, is more secure and reliable than a web-based application.ons.
* With web-based applications you rent the software, paying monthly fees and often get only email supp With desktop applications, you generally pay just once, and technical support is often included.ort.
The next thing to consider is how easy is the software to use? Is it easy to understand? Are you comfortable using the software? Can you get technical support easily and quickly, both by phone and by email? Does that support cost extra?
The final question is, how much are you willing to spend for this software? Would you rather pay less on a monthly basis for web-based software, which will add up to much more over time, or pay one reasonable amount up front and get the features, speed and reliability of a desktop application?
As a solopreneur, I’m sure you would rather find ways to save money and at the same time have the features and capabilities you are looking for in commercial rental management software?
With these things in mind, you can now determine what would be the best property management system software for your need. The best commercial property management software in my opinion is Commercial Rental Tracker Plus. It is a reasonably priced desktop application that is easy to use and is available for most Mac and Windows computers.
To better appreciate its ease-of-use, how it can make you more productive, and to download a free trial of Commercial Rental Tracker Plus today, visit http://www.productivity-software.com/commercial/
Garth Catterall-Heart has been creating productivity software for self-employed professionals and rental property managers since 2002. You may reprint this article only in its entirety with this bio. ©2011 Garth Catterall-Heart
Keywords: building management software, commercial property management, commercial property management software, commercial real estate rental, commercial real estate property management, best property management software, landlord property management software, property management maintenance software, property management system software, property management,
Keeping track of your commercial rental income and expenses doesn’t have to be difficult or time consuming when you use the right software. If you are trying to do this with pencil and paper or a spreadsheet you may think you are saving money, but the extra time and potential for errors makes this questionable.
There are two types of commercial rental management software available. You can pay a monthly fee for online software or buy a desktop program that does not require an Internet connection for a one time charge. Some rental property software companies even provide you with updates and customer support for no extra charge.
By using commercial rental property management software you will be able to produce rent receipts and notices with just a few clicks of your mouse and to record all your expenses – categorized and ready to give to your accountant – easily and effortlessly. You can also see at a glance who owes you rent.
Beware of using Quickbooks or other traditional accounting software which is designed for accountants and does not have the property management features you need. Features to look for are rent receipts and other notices, income and expense reports, work orders, schedules, contact management and form letters
In my (not so humble) opinion, SpiritWorks Software offers the best commercial rental management software for anyone who does not need multiple user capability. This free trial desktop software for Mac and Windows has all the features you need (plus some that are unique to our software) for a very reasonable price. Great technical support and updates are included for no additional charge. Please call or write for more information about our “accounting software for the rest of us”.
Here’s a video that will introduce you to many of the features of Commercial Rental Tracker Plus.
For a higher quality video please go here.
Jan 11
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