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Updated over 4 years ago on . Most recent reply

User Stats

34
Posts
4
Votes
Jenna W.
  • Rental Property Investor
  • Florida
4
Votes |
34
Posts

Out of control commercial real estate portfolio

Jenna W.
  • Rental Property Investor
  • Florida
Posted

Hello my name is Jenna .I was working at a car dealership 12 years ago when the owners decided to build a commercial real estate portfolio and get into other businesses then just the dealership. I stayed and managed a portfolio that got to be about $20 million in commercial property, I left for a while but recently they hired me to come back and help run the portfolio which is now closer to 70 million in value. When it was smaller I was able to manage all of the lease details, rent increases, certificates of insurance, maintenance schedules, cams etc. using XL and my accounting team use the basic package of sage. They continue to do so today.

I’m looking for property management software that interfaces with sage accounting, we might bump up to their property management accounting software, hopefully, at the same time. I am specifically looking for a tool to automate maintaining the agreements in the lease and communications with tenants, as well as a ticketing system for maintenance requests, maybe a capitol improvement request functionality.

In my wildest dreams I would find a consultant someone local to central Massachusetts who would come in and see how the portfolio is currently being managed and make recommendations on accounting and property management systems and processes for our team to evolve. All of the consultants I find our people you hired to do these functions for you. We have a team in place that is awesome we just need to get with the modern tools to make this a little easier. We are a car dealership acting like our commercial real estate portfolio is still a side gig when it’s now a primetime money maker.

I am open to all suggestions and would love feedback from anyone who thinks they have something relevant to share thank you love this community and looking forward to the dialogue



Most Popular Reply

User Stats

218
Posts
178
Votes
Laticia Braxton
  • Real Estate Consultant
  • Joppa, MD
178
Votes |
218
Posts
Laticia Braxton
  • Real Estate Consultant
  • Joppa, MD
Replied

I suggest you start looking into Yardi.  It can be expensive, but they most likely have a product that suits your needs. 

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