Time Tracking Software for Commercial Real Estate

Property Management

• Rent Collection Tracking: Easily track and record rent collection from tenants, ensuring timely payments and identifying any outstanding dues.
• Maintenance Time Tracking: Monitor the time spent on maintenance tasks for different properties, helping in scheduling and budgeting for maintenance activities.
• Lease Renewal Management: Keep track of lease renewal dates and send timely reminders to tenants, ensuring seamless lease renewals and reducing vacancies.

Client Billing and Invoicing

• Hourly Client Billing: Track the time spent on client-specific tasks or projects to accurately bill clients based on hourly rates, improving transparency and accountability.
• Expense Tracking for Reimbursement: Record time spent on client-related expenses for reimbursement purposes, ensuring accurate invoicing and expense recovery.
• Automated Invoicing: Automate the creation and sending of invoices based on tracked time, reducing manual errors and saving time on administrative tasks.

Property Showing and Tour Management

• Scheduled Showing Tracking: Monitor the time spent on property showings and tours for each client, helping in evaluating the effectiveness of marketing strategies and property presentations.
• Client Follow-up Time Tracking: Track time spent on follow-up activities after property showings, ensuring timely and personalized communication with potential buyers or tenants.
• Tour Scheduling Optimization: Analyze time spent on property tours to optimize scheduling and allocate resources efficiently, maximizing the number of tours and potential leads.

Vendor Management

• Vendor Service Time Tracking: Monitor the time vendors spend on property maintenance or repair tasks, ensuring efficient utilization of vendor services and timely completion of work orders.
• Contractor Billing Verification: Verify vendor invoices by comparing billed hours with tracked time spent on property-related tasks, reducing billing discrepancies and ensuring fair payment.
• Vendor Performance Evaluation: Analyze vendor performance based on tracked time and efficiency metrics, helping in vendor selection and contract renewals.

Property Development and Renovation Projects

• Project Time Tracking: Track time spent on different stages of property development or renovation projects, ensuring adherence to project timelines and budgets.
• Subcontractor Time Management: Monitor subcontractor time spent on specific project tasks, ensuring accountability and accurate project costing.
• Progress Reporting: Generate reports based on tracked project time to provide stakeholders with real-time updates on project progress, highlighting any delays or bottlenecks.

Market Research and Analysis

• Time Allocation for Research: Track time spent on market research activities such as property valuation, competitive analysis, and trend analysis, helping in making informed investment decisions.
• Client Consultation Time Tracking: Monitor time spent on client consultations for market insights and property recommendations, improving client engagement and satisfaction.
• Performance Evaluation: Analyze time spent on different market research activities to evaluate their effectiveness and prioritize resources for high-impact strategies.