AppFolio has become a popular choice for residential property management, but commercial property managers often find it lacking in critical areas. Plazee was built specifically for commercial properties, with features that AppFolio simply doesn't offer.
The Commercial Property Gap
Commercial property management is fundamentally different from residential. You're dealing with CAM reconciliation, NNN leases, percentage rent calculations, and multi-entity accounting structures. These aren't edge cases—they're daily requirements.
Important Distinction
Where Plazee Excels for Commercial
True CAM Reconciliation
Plazee handles common area maintenance charges the way commercial properties actually work:
- Multiple expense pools with different allocation methods
- Pro-rata share calculations based on square footage or custom formulas
- Year-end reconciliation with tenant statements
- Historical tracking for audit purposes
NNN and Modified Gross Leases
Commercial leases are complex. Plazee supports:
- Triple net (NNN) structures with pass-through expenses
- Modified gross with caps and floors
- Percentage rent calculations
- Rent escalations (fixed, CPI-based, or custom)
Multi-Entity Accounting
Commercial real estate often involves multiple legal entities. Plazee provides:
- Separate books for each entity
- Consolidated reporting across entities
- Inter-company transactions
- Entity-specific chart of accounts
AI-Powered Efficiency
Commercial properties generate more paperwork than residential. Plazee's AI handles:
- Vendor invoice processing with GL coding
- Bank statement reconciliation
- Maintenance request triage
- Revenue forecasting and analytics
Commercial Feature Comparison
| Commercial Feature | Plazee | AppFolio |
|---|---|---|
| CAM Reconciliation | Full support | Limited |
| NNN Lease Support | Native | Workarounds needed |
| Percentage Rent | Automated | Not supported |
| Multi-Entity Accounting | Built-in | Not supported |
| AI Invoice Processing | Built-in | Not available |
| Double-Entry GL | Full | Basic |
| Canada/US Support | Both | US only |
The Migration Path
Switching from AppFolio to Plazee is easier than you might think. We migrate:
- Property and unit data
- Tenant information and lease terms
- Historical charges and payments
- Vendor records
Quick Transition
Who Should Make the Switch?
Consider Plazee if you:
- Manage office, retail, or industrial properties
- Need proper CAM reconciliation
- Work with multiple ownership entities
- Want to automate invoice processing
- Operate in both Canada and the US
See Plazee in action
Book a demo and we'll show you exactly how Plazee handles your commercial property needs.
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