When managing multiple properties, creating accurate operating budgets is essential. Equally essential is the ability to convert those operating budgets into long-term forecasts. Budget Management for Colonial streamlines the budgeting process by automatically reading lease and general ledger data and providing flexible, powerful assumption tools. Budgets may be calculated for 10 years, and renewal assumptions are calculated for expiring leases. Budget Management empowers property managers with budgeting and forecasting tools:
Property Forecasting: Whether it’s for the long-term or short-term, budget forecasting is simplified in Colonial. Information from current leases allows managers to make intelligent assumptions that can project the profitability of a portfolio for up to a decade.
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