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Real Estate Investment Analysis BASIC (REIA) is designed to help real estate brokers and investors create a complete analysis (up to 10-years) that includes. Small Business Software; Real. Information on the system requirements needed to install and operate EstateMaster property software on a Mac computer with virtual PC technology.

Property management accounting software offers a number of features that typical accounting systems do not. In addition to financial reporting and payroll, these programs will integrate industry-specific information about vacancies, units, tenants and property maintenance into the real estate software. The more robust accounting tools also manage company information related to property listings, track referrals and link electronic documents to sales. This guide was created to help property managers determine the best software to meet their needs. We’ll cover the following topics: What Is Property Management Accounting Software?

Property managers are required to perform some specific types of accounting processes, such as holding and tracking security deposits and common area maintenance costs. A property-management-specific accounting system is designed to assist managers with their unique responsibilities, such as: • Collecting rent on a monthly basis • Tracking expenses for maintenance, improvements and supplies • Budgeting and forecasting using real-time information Reporting features also allow managers to review income by property so users have a bird’s-eye view of their financial health.

Screenshot of open vacancies in Common Features of Property Management Accounting Software Track rents & payments This software will categorize receipts based on the specific real estate category, such as rents, utilities, subleases or late fees. The software also calculates real estate taxes, property insurance, maintenance costs and payroll, and all of this information ties directly to the tenant or property record. Online payment portal Some property accounting systems include an online portal for tenants to pay rent. This simplifies the payment process, as renters can pay online 24/7 using credit or debit cards. This feature is more common in full property management suites. Bank reconciliation Many systems offer bank reconciliation assistance to ensure the figures match in both your’s and the bank’s accounts. Users can download bank statements to identify and correct discrepancies.

Reporting Accounting systems typically offer a variety of report and chart types to view income and expense data by month or year. These reports can be automatically generated at certain dates and shared with specific people. Business growth & development Automatically calculate annual rent increases, property appreciation and depreciation, as well as manage the growth of your assets.