Finding the right lease property management software can be a game changer for landlords, property managers, and commercial real estate owners. With the right tools, you can streamline processes, improve your tenant relations, and make your life much easier.
Whether you manage a few properties or a large portfolio, having the right lease management tool can help you keep everything organized and efficient. In this article and the attached guide, we’ll explain some of the differences between STRATAFOLIO and some of the other solutions in the space.
Understand Your Needs
Before diving into the options, it’s essential to identify what you truly need from lease property management software. Are you focusing on using QuickBooks, tenant communication, rent collection, maintenance requests, or all of the above? Make a list of your must-have features first. This clarity will help you narrow down your choices later on.
For instance, if you are tired of being a spreadsheet warrior or trying to find a solution that integrates with QuickBooks, look for software that eliminates the need for spreadsheets or double data entry. If rent collection is your top priority, consider solutions that offer cost-effective automated payment processing. Additionally, you will want a scalable lease software that can can grow with your business. Knowing your requirements upfront gives you a clearer picture of what features to prioritize.
Learn more about how real estate management accounting software can simplify property management tasks and enhance financial decision-making with our other article, Why You Need Real Estate Management Accounting Software.
Key Features to Look For
Comprehensive Lease Tracking
The best property lease management software offers a centralized platform to track all your lease agreements. From payment schedules to tenant details, it ensures everything is in one place. Lease trackers can:
- Remember key dates such as lease starts and expirations.
- Monitor rent payment histories.
- Provide reminders for important deadlines.
Accounting Integration
Managing finances manually can be a headache. Choose software that eliminates the need for double-entry of data to manage your finances. Integration:
- Streamlines bookkeeping tasks.
- Ensures accurate financial reporting.
- Makes it easy to find staff who know and understand the software.
- Syncs seamlessly with platforms like QuickBooks, which STRATAFOLIO supports.
User-Friendly Interface
No one wants to spend hours learning a new tool. Opt for a lease management tool that is intuitive and easy to use. The most user-friendly programs will:
- Reduce training time for team members.
- Enhance productivity through a simple design.
- Offer mobile compatibility for on-the-go management.
Conduct In-Depth Research
After you understand your needs and what to look for, it’s time to dig into research. Many products offer free demos, so remember to take advantage of these and to highlight your needs during that time. Talking directly to the product’s team can help you clarify its strengths, weaknesses, and fit for your business. In addition, don’t forget to check out external reviews. Finally, carefully weigh the pros and cons of each solution.
How STRATAFOLIO Simplifies Lease Management
STRATAFOLIO’s lease property management software stands out by combining robust features with ease of use. It’s tailored for commercial property owners and managers who value efficiency and accuracy in managing their NNN leases. STRATAFOLIO’s unique strengths include:
- Automation of repetitive tasks, saving you time.
- Real-time insights into your lease portfolio for informed decision making.
- Unmatched support from experienced professionals to help you get started.
- Complete accounting integration with both QuickBooks Desktop and Online
Using STRATAFOLIO, you can streamline lease tracking, accounting, and compliance in one powerful tool designed specifically for commercial real estate.
Make the Right Choice with STRATAFOLIO
After considering your needs and evaluating different options, you will see where STRATAFOLIO stands out compared to others in the space. Our platform is designed to streamline commercial lease management, offering an integrated solution combining lease tracking, accounting, and tenant communications. You can continue to use QuickBooks while getting the power to track and manage your commercial leases and tenants and complete complicated tasks such as common area maintenance reconciliation.
With STRATAFOLIO, you can easily handle your property management tasks in one place. The intuitive interface makes navigating the software easy for you and your team, allowing you to focus more on your properties and less on paperwork. Plus, with STRATAFOLIO, you can also give access to your accountants to eliminate the need to forward information, thereby reducing overhead costs, misplacement of information, and potential errors.
We also offer full-service onboarding of your entire portfolio to help you navigate the process efficiently. Our onboarding team consists of QuickBooks ProAdvisors, accountants, and bookkeepers who are experienced in commercial real estate. They do the heavy lifting and then train your team so you can use the software as quickly as possible. For your reference, you can download our team’s detailed onboarding process. Our process is not a guided onboarding process. You provide the information; we do all the initial work of setting you up for success.
Comparison Chart: STRATAFOLIO Vs. Competitors
| Feature | STRATAFOLIO | AppFolio | Yardi Breeze | DoorLoop |
| Focus on commercial real estate (anything with a multi-year lease or NNN Lease) | X | Can handle, but not primary focus | Can handle, but not primary focus | Can handle, but not primary focus |
| Integrates with QuickBooks Desktop | X | X | ||
| Integrates with QuickBooks Online | X | One-way only from DoorLoop to QuickBooks | ||
| Bi-directional Integration with QuickBooks | X | |||
| Supports QuickBooks Payroll Solutions | X | |||
| Consolidated view of all QuickBooks companies on a single dashboard for cash flow and debt | X | |||
| Designed for a variety of leases with complex common area maintenance reconciliation (CAM) | X | |||
| Ability to track critical debt metrics including portfolio debt, Loan to Value (LTV), Debt Coverage Ratio (DCR) | X | |||
| Automates tracking of Certificates of Insurance for tenants | X | |||
| Ability to handle more than one bank account | X | |||
| Tenant Portal | X | X | X | X |
| Focus on residential real estate | Can handle, but not primary focus | X | X | X |
| Investor Portal | X | X | Yardi Breeze Premier | X |
| Full-service onboarding of your entire portfolio | X | X | X | Guided Onboarding |
Download and save our STRATAFOLIO vs. Competitors for future consultation.
Streamline Your Lease Management Today
Choosing the right lease property management software doesn’t have to be a daunting task. By clearly understanding your needs, prioritizing usability and automation, and considering budget and support options, you can find the solution that sets you up for success.
We know implementation takes both time and resources. With the right lease management tool, such as STRATAFOLIO, you’ll find that managing commercial properties becomes easier, more efficient, and more effective. Schedule a demo!
