Keeping Every Square Foot Covered: Commercial and Financial Solutions

As discussed during RealWorld 2018 sessions It comes with the territory: owning or managing commercial real estate properties means juggling a variety of operational and financial tasks, not to mention keeping everyone in the loop along the way. Some leases can be more complex than others. Managing, reporting and analyzing these leases—from initial lease execution to exercising options and tracking amendments—requires a powerful property management system dedicated to the commercial environment that takes into account every step and every process. You need a solution that’s not only intuitive and has the necessary functionalities, but also is designed to scale with your business and reduce your total cost of ownership. But in order to get the most out of your commercial property management software, you need functionality that takes the complexity out of managing your commercial assets. Designed specifically for the different stakeholders that service the commercial market, the RealPage® Commercial Property Management solution has an intuitive design that provides users a simple way to manage, report and analyze their complex leases – from initial lease execution to exercising options and tracking amendments – all in one place. Lease administration, simplified To keep the daily leasing process under control, best-in-class functionalities include lease boilerplates for adding new leases with proper data governance; powerful amendment features so that the lifecycle of your leases can be tracked accurately; capabilities enabling you to see the entire historical lifecycle of the lease; custom fields that can be added to your lease to capture the exact lease data you want to report on. Automating recoveries Recoveries, by nature, can be complex. A robust recovery billing engine can handle everything from base years, gross ups, minimums and caps, expense exclusions and more. You should never miss billing a tenant for reconciled exp...