Jan 10, 2012

Commercial Real Estate Software Do's and Don'ts

By Don Catalano

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CRE_Do_Dont

Commercial real estate software tools can make your life much easier by allowing your real estate operation to run smoothly. Tools are available that can help you with prospecting, marketing, tracking, managing commercial real estate listings, and contact management among other vital functions. Real estate professionals have unique needs and complex business relationships involving realtors, owners, prospective buyers, investors, and contractors. You need a way to simplify your operations with an effective set of software tools to help you do your job more efficiently.

 

Commercial Real Estate Software Do's

  • Find software tools that are easy to use:  As busy as you are, you do not have time to learn excessively complex commercial real estate software systems. Find software tools that are easy to learn and operate. Keep it simple and efficient.

  • Look for functionality:  The more functions a commercial real estate software package performs for you, the more value you get for your money. Look for software that lives up to its promise and offers features for property management, lease administration, expense analysis, and contact management tools. Frankly, your software should include a great deal more, but those are some tools just to get you started. You will save money by only purchasing one set of software that performs all of these functions for you.

  • Shop around for the best deal: There are a number of real estate software packages on the market. Several are comparable in service, so you should shop around for the best price and value for your money. Something to consider in these comparisons is the amount of many to be saved against your initial investment.

Commercial Real Estate Software Don’ts

  • Don't buy the first software package you look at:  Don't make the mistake of buying the first software package you consider on a whim. Take some time to evaluate the needs of your office. What is the size of your client base? Will the software easily integrate with your existing systems such as accounting? Take some time to consider what functions you need the software to perform for you; then you will have a better idea when you go to make a purchase.

  • Don't take the sales person's word: Every sales person will insist that their software package is the best on the market. Insist on a demonstration of how well their software performs.

Other great Commercial Real Estate Software articles:

The Perfect Commercial Lease Administration Software

Top Five Reasons You Need Commercial Real Estate Software

5 Features To Look For In Commercial Lease Administration Software


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Don Catalano

Don Catalano

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