Commercial Office Accounting Owner POV
Hello,

I am wondering if anyone has any insights or knowledge as to how an owner might approach the accounting and management of a commercial Office space. 

If we assume that there is a management company, what software and tools might the owner use to analyze their properties. How do they look at their IRR or any projected cash flows from rental payments? How do they create their gen ledger and analyze all the costs and expenses? Would they use quick books?

Basically I'm asking from ground zero, how would an owner approach managing the investment and staying informed. What tools would they use. For size let's say anywhere from 250-400k square feet of space, across 3-5 different buildings. 

Any input is appreciated. Thanks
[{"id": "g2ciazm", "text": "Office and retail shouldn't differ too much but I have about 200K SF in retail and I use quickbooks without too much difficulty. Once you get to that large of a square footage, it can be a bit tedious and finding a property management software is probably better.", "replies": [], "depth": 1}]