How to define the best property management software? What is the best for some, might not be the best for others. MODERAN real property management platform fits by profile into the list, therefore we took a deep look into the top names from property management software companies. We want to understand where Moderan is winning and losing in this comparison and what the CRE niche really needs, to help CRE property managers feel more confident in choosing us.

Real Estate management checklist:

• space changes, unlike residential real estate, commercial spaces are often rebuilt and the space size changes. 
• Deadlines, there are always lease deadlines, indexation windows, notice periods, insurance requirements, etc.
• Utility calculations, they need to reflect all the vacancies, exceptions and tenant and space changes.

Keeping track of all these factors with spreadsheets is complicated even with the simplest portfolios. While Excel does what it’s meant to do really well, it certainly has its limits. The lease information is not centralised & automated, which wastes time and causes often costly errors in the data.

Differences between commercial and residential property management

When choosing the best portfolio management software, you’ll notice that they fall into two categories: commercial and residential. There are major differences between the two.

A lease for a residential property is usually short term and pretty standard and easy to renew. In contrast, commercial tenants leases are complex and feature a variety of exceptions and extension options. Only a commercial property manager is likely to understand such leases, know how to manage all the different indexation terms and track various CPI types and periods. Or be able to help, if the tenant wants to end the contract early, which is often costly and will depend on various lock-in and termination clauses.

Proptech – Increasing need for CRE management innovation

Recent hunger for technology is driven by 2 pressures:

If you are still using Excel for CRE management – then the closest answer for an upgrade is clearly Moderan. 

We can see there are many property management software options to choose from: some are for scale and pricey, some have robust basics but meant for smaller scale portfolios, some try to cover both sides of the real estate segment, commercial and residential property management and some try to do many things at once. 

Moderan has the best benefits for CRE management and we want it to be the best in this one thing – to be the best online management software for commercial real estate portfolio managers. This is one of the most important differences compared to many universal real estate management platforms. 

Moderan pricing is user based and not units based, which gives you better value for money. You can start small with a pilot including just one property and scale it, when you see the value to extend it to the full portfolio.

Moderan have been in the market 5 years and as of today over €2 billion worth of assets, more than 1.5 million m² of leasable space – 650+ buildings and 8 500+ tenants managed with Moderan Property Management Software.

Reach out to our team or book your free personal demo, to get a full overview for making decisions if it’s matching your property management needs. Link to our meeting calendar you can find here BOOK A MEETING. We speak 6 languages.