Development - Property Management

Property Management is Gold’s source for lease management and accounts receivable processing. Its lease-based structure transforms your leases from static legal contracts to dynamic information generators, giving you the management tools to meet your investment objectives--whether you’re managing a shopping center, an office building, an industrial park, multi-family residential or all of the above. Features include:

• Lease-based system—provides unlimited flexibility for adapting software to your lease agreements. Set up multiple leases per tenant, multiple units per lease, and multiple tenants per lease.
• Customized calculations—let you handle unique or complex computations.
• Customized totals for properties, units, and leases—let you control accumulations such as those for year-to-date charges and payments.
• Start lease windows—provide an interactive process for setting up a lease, prorating initial charges, and beginning the move-in.
• Terminate lease process—makes moving out tenants and reconciling accounts efficient.
• Cash receipts functionality—processes checks, cash, and money orders and allows you to post cash to existing charges, new charges, prepayments, open credits, and deposits.
• Flexible late charge functionality—allows fees based on percent, flat amount, formula, or combination.
• Unlimited recurring charges—can be set up as flat amounts or formulas, with scheduled increases.
• Recoverable expenses—can be customized to escalate charges based on last year’s actual or next year’s budget. Track stops, caps, and base-year amount, gross up expenses based on occupancy, and set up multiple concession periods per recovery.
• Lease option capabilities—track clauses such as additional space, continuation of lease terms, first right of refusal, and other contractual obligations.
• Weighted occupancy—is calculated automatically by move-in and move-out activity.
• Indexed escalations—can be based on formula-driven CPI and Porter’s Wage calculations.
• Intercompany accounting—creates due-to/due-from transactions.
• Vacancy loss and straight-line rent—adjustments can be generated and sent to the general ledger automatically.
• Start lease/terminate lease checklists—are customizable by lease.
• Tenant lockbox—allows importing payments from financial institutions and non-Timberline software systems.