PROMAS

PROMAS, developed by Think Up Themes Ltd., is a property management software solution designed for small to medium-sized property management companies and homeowner associations. According to the vendor, PROMAS offers a range of features tailored to fee-based residential and commercial property managers, as well as condominium and homeowners associations. This software caters to professionals in the real estate industry, including residential property managers, commercial property managers, and condominium and homeowners associations.

Key Features

Capable: According to the vendor, PROMAS has been serving the needs of fee-based residential property managers for over 35 years. It provides mature accounting systems and experienced staff to handle complex situations and unique scenarios in property management.

Accessible: PROMAS can be accessed from various platforms, including desktop, cloud, in-house, or on an office network. The vendor states that it is compatible with Windows, Apple, and iOS devices, allowing for easy access to the software and data.

Portable: According to the vendor, users have ownership of the PROMAS database, enabling them to take it wherever they go. This ensures access to critical business data, even if the relationship with the vendor changes, and facilitates compliance with state real estate commission requirements.

Flexible: PROMAS products are designed to adapt to the specific requirements of different property managers. The vendor claims that the software can be customized to accommodate the fee structure of acquired companies, making it suitable for growth through acquisitions. Additionally, property managers can choose additional services from PROMAS partners, such as credit checks, listing services, and electronic payment processing.

The Professional Landlord™: The vendor describes The Professional Landlord as an industry-specific accounting solution for fee-based and investment property managers. It can be hosted in the cloud or deployed on premises and is accessible from various devices with internet access. The software is designed to handle residential and commercial properties without requiring extensive accounting knowledge.

Promas for Associations: PROMAS for Associations is specifically designed for condominium and homeowners associations. The vendor claims that it is a comprehensive accounting software solution capable of handling a wide range of accounting and billing practices. It caters to both management companies and self-managed associations.

For Fee Based Property Managers: According to the vendor, PROMAS offers batch posting of management fees with various calculation options. It also provides batch posting of owner distributions and late fees, offering flexibility and efficiency in fee management.

For All Property Managers: PROMAS provides robust security deposit tracking, internal auditing capabilities through industry-specific fully integrated double entry accounting, and electronic filing of 1099's for vendor payments and tenant interest. The software also offers highly customizable reports for mailing, publishing, and emailing.

QuickBooks or Excel Users: The vendor states that The Professional Landlord is specifically designed for property managers, offering improved productivity over non-industry-specific accounting packages. It includes features such as batch posting of management fees, owner distributions, and late fees. The software also provides robust security deposit tracking, industry-specific fully integrated double-entry accounting, and electronic filing of 1099's.