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Property owners, whether they’re investing in commercial real estate or multifamily rentals, or single-family homes, require a consistent and skilled financial management. To ensure that their tenants enjoy the most enjoyable experience, they should also be attentive to their property’s image and curb charm. They also need to keep up-to-date with the tax compliance, budgeting and other financial reporting to maximize their return on investment.

Real estate management is the collection of processes and actions that are used to maintain and take care of property assets. It’s the work of people who manage those physical assets, too. It’s a complicated job that requires an eye for numbers as well as a soul for the tenants.

Real estate managers are responsible for many tasks, such as screening tenants, managing properties, and contracting leases. All of these activities play an important role in creating an enjoyable and healthy rental community that keeps renters returning. These are essential for ensuring that property owners are able to turn their properties into profitable investments that increase in value over time.

But with the increase of digitalization, smart buildings, and occupant demands for quality There are new challenges that have emerged that are keeping facilities managers up all late at night. These issues include complete access to their portfolio and project management, as well as streamlined maintenance and operations, and lease accounting. Fortunately, Accruent Lucernex provides real estate management solutions that help to address these issues and improve productivity.