8 Commercial Real Estate Apps That Are Changing The Industry

Key Takeaways


It wasn’t long ago that most investors were using a pager attached to their belts to stay connected to their businesses. Safe to say, the popularity of cell phones has significantly changed the investing world. This drastic change can be seen in many places, but specifically in the slew of commercial real estate apps available to investors.

There are many commercial investor apps to choose from. Some of the best ones allow investors to manage leases, find investment properties, track energy and water usage, and even monitor a property for maintenance issues. That being said – which commercial app will be the most valuable for your needs?

Here are eight commercial real estate apps to consider adding to your investor toolbox:


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Real estate investment tools

Commercial Real Estate Apps That Can Boost Your Business

1. Visual Lease

As any commercial real estate investor will tell you, managing leases can be a nightmare, even on the best of days. This powerful app, with its simple interface, allows you to organize leases, lower your operating costs and give you a thorough snapshot of how lease accounts affect your balance sheet. Visual Lease is a great tool for all members of your team, from the virtual assistant to the owner/CEO.

2. LoopNet Commercial Real Estate Search

Whether you’re looking for an investment property to add to your portfolio or looking for tenants to rent out your existing vacancy, LoopNet is an absolute must for your mobile device of choice. With over 800,000 searchable listings, and tons of search filter options, it’s a snap to find a property that meets your investing needs. Where else can you get lender information, tax history and tenant info? What’s more, LoopNet is also a great place to list your commercial property, when the time is right.

3. Property Capsule

All the great operational tools in the world won’t help your commercial investor career if you’re not able to present your properties in an attractive and compelling way. When it comes to commercial real estate marketing tools, this cloud-based platform can assist you in presenting (and managing) your portfolio. From interactive site plans to automated flyer creation (based on your latest changes), this commercial real estate app can be a real game-changer.

4. Water Savings Calculator

Utilities, namely water usage, are something that can easily eat into a commercial investor’s profits. Keep tabs on your water usage and learn strategies for implementing savings with this powerful tool from Hunter Industries. No matter what style of commercial property you have, just put in your property size, days of usage and water consumed, and this app will calculate how small, minor adjustments to your irrigation system can save big money in the long run.

5. CoStarGo

Sometimes the best real estate investing tools of all are simply having enough information about a market that will prepare you for quick, decisive action. This ultimate source for commercial real estate intelligence offers timely, verified market data and intel from over 1,600 research professionals.

6. REoptimizer

The first step to keeping costs down as a commercial real estate investor is to get a comprehensive look at those costs, and how they correlate to your overall commercial portfolio. There may be no better tool for doing this then REoptimizer. With a simple, easy-to-use interface that lets you see all your lease information in one location, you’ll get a quick glance at how every level of your portfolio is performing. Say goodbye to the days of scrolling through endless Excel spreadsheets, with this powerful management software tool that gives you the information you need quickly, and when you need it.

7. Monnit Facility Monitoring Systems

Protecting your valuable commercial assets is of vital importance to every investor, but manually monitoring a facility can eat into the bottom line. A more efficient, and a cost-effective, approach might be this app and monitoring system from Monnit. With its wireless sensor platform, you can monitor your properties and be alerted if any issues arise. Best of all, the tool will inform you of any warning signs – possible leak, broken window, etc. – that might point to bigger issues down the road (you can receive alerts in any form that works best for you).

8. Verdigris Energy

Do you know how much energy your building is currently consuming? Do you have a plan or set of strategies for reducing the energy costs of your investment properties? With its use of smart sensors, this powerful tool can help you track energy consumption and give you actionable data that can help you find areas of waste that might be cutting into your profits. Best of all, this tool also has a forecasting element that lets you plan out your future needs and give you strategies for preparing for high-energy parts of the year.

Summary

Becoming a successful commercial real estate investor is about far more than picking the best market or acquiring more knowledge than your competitors. The best investors know how to maximize their time and effort to build successful portfolios. Luckily, the best commercial real estate apps can help do just that. Look at technology as a way to help you organize expenses, manage properties, sign leases, and even market your listings. By using commercial apps to their full potential, you can be sure you are making the most of every second of your time as an investor.

Do you have a commercial app that you recommend using? Let us know in the comments.

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Real Estate Investing Strategies
Real Estate Investing Strategies
Real Estate Investing Strategies
Real Estate Investing Strategies
Real Estate Investing Strategies
Real Estate Investing Strategies