According to Axios, in the third quarter of 2023, national office vacancy rates reached 19.2%. However, Miami, FL, was "better off" than many other cities, as the vacancy rate in Miami-Dade County during the same period was only 9.6%.
So, if your commercial property's vacancy rate in Miami, FL, is much higher than that, it may be time to switch to a different property management software. For instance, with PMI Biscayne Bay's state-of-the-art software, you can track all aspects of your building's operation 24/7.
But what exactly can our commercial property management and real estate software do that sets it apart? Keep reading to learn more.
Online Payments via a Landlord-Tenant Portal
PMI Biscayne Bay's property operation software provides a dedicated landlord-tenant portal. Here, tenants can make digital payments. You should offer online payments since, per Forrester, their popularity surpassed traditional payments in 2023.
So, if you're still relying on methods like checks or over-the-counter deposits, it's time to expand and allow us to build you a portal with our software. In doing so, you can also track payments on the go and see in real-time who has paid and who hasn't.
With 24/7 portal access, you can review and study your property's performance anytime. For example, you can analyze the data to determine your profits.
Property Maintenance and Repair Requests
Your tenants can also request property upkeep and repairs via the portal. PMI Biscayne Bay's innovative work order system, linked with the portal, then processes the requests.
Tenants can track their request status online while our team of expert property managers works on delivering efficient property solutions. You and your tenants can also rest assured that we partner only with vetted, licensed, and experienced contractors. It helps us ensure the timely completion of maintenance and repair requests.
You, the landlord/property owner, can also view ongoing and previous maintenance and repair requests.
Accounting and Financial Reporting
PMI Biscayne Bay's online management software enables us to provide you with financial services, such as:
- Accurate income and expense tracking
- Preparing and depositing rent payments
- Invoice and receipt record-keeping
- Creating financial reports like income and cash flow statements and balance sheets
- Developing and tracking property budget
- Preparing and filing property tax returns
- Tracking and paying taxes
You can access all available financial records online via your landlord/property owner portal whenever you wish. Moreover, we'll send you monthly comprehensive financial reports, which you can access online. Rest assured, the reports will contain detailed explanations to help you better understand your property's progress.
Rely on PMI Biscayne Bay's Property Management Software
From online portals to digital payments and accurate accounting and financial reporting, PMI Biscayne Bay's property management software offers all these and more. We combine this innovative technology with our founder's (Gilberto R. Sacramento) 15+ years of experience in property management and the skills and expertise of our other team members. With this combination, you can rely on us to make managing your commercial property more manageable.
So, connect with us today to request your complimentary property analysis! We look forward to discussing how we can help you optimize your Miami property and rental income.
