Commercial Real Estate Firms Recommend Creating A Tenant Portal for Effective Tenant Management

Investing in commercial property is extremely profitable today. However, the fact that should never be ignored is that commercial properties need to operate in a highly competitive market, which demands a commercial property stand out from the crowd with l extra features to justify itself as a successful venture. 

A web portal for tenant management is a feature which can provide a commercial property that much needed competitive edge. Property owners should consider investing in a tenant portal as part of the commercial real estate services offered for effective tenant management. Here’s why 

1. Easy communication

A web-based portal facilitates easy communication between the landlord and the tenant. The landlord can provide the tenant with information or notify them of requirements by publishing notices on the portal. In a similar manner, tenants can express their problems on the interactive portal, which also helps documenting all communication between both parties.

2. Transparent tenant records

A tenant portal manages profiles of all tenants who have been associated with the property. Each profile can be designed to contain personal information, professional deal records and also the important terms and conditions of the lease. A mutually accessible database ensures a transparent relationship between the landlord and the tenants.

3. Easy payment solutions

An important function played by tenant portals is to provide an easy solution for rental transactions. Tenant portals can be linked with e-banking services, which would allow the tenants to transfer the rent in an easy and secured manner. It ensures fool proof commercial real estate management in terms of finance.

4. Facilitates digital marketing

A tenant portal helps creating a database of prospective tenants for commercial property. The database can be used to reach out to the prospects with occupancy offers on various digital platforms. The portal can also be designed to contain written and visual information about the property.

5. Becomes an asset for the commercial property

A working and regularly updated tenant portal is indeed an asset for the property owner. It endows the property as well its commercial real estate firm with a positive reputation based on its effective management. 

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