Property owners, whether investing in commercial real estate or multifamily rentals, or single-family homes, require an organized and consistent financial management. To ensure that their tenants have the best experience, they must also be attentive to the appearance of their property and curb appeal. To maximize the value of their investment, they must also be on top of budgeting, tax compliance, and other financial reporting.

That’s where real estate management is in – it’s the collection of procedures, actions and systems used to care for and maintain physical property assets. It’s also the responsibility of the people who manage these assets. It’s a complicated job that requires a keen eye for numbers and a heart for the tenants who rely on them.

Real estate managers have a wide range of responsibilities, including screening tenants, ensuring the property is maintained, and the negotiation of lease agreements. All of these tasks are essential to create happy and healthy rental communities that keep renters coming back. They’re crucial to ensure that property owners can turn their properties into lucrative investments that increase in value over time.

Facilities managers are now faced with new challenges, mainly due to the rapid growth of smart buildings and digitalization. Also, occupants’ expectations are increasing. These issues include full visibility into their portfolios and streamlined maintenance operations, leasing, and accounting. Accruent Lucernex offers real estate management software that addresses these issues, and improve productivity.

real estate management