Colonial Modules
Property Budgeting and Forecasting
Property Managers value this module to simplify budgeting and forecasting.
When managing multiple properties, creating accurate operating budgets is essential. Equally essential is the ability to convert those operating budgets into long-term forecasts. The Property Budgeting and Forecasting module for Maxwell Systems Colonial streamlines the budgeting process by automatically reading lease and general ledger data and providing flexible, powerful assumption tools.
Use budgeting and forecasting tools to examine existing leases to produce an initial revenue budget. Revenue budgets are completed by applying market assumptions to expiring leases and current vacancies. Operating and fixed costs are budgeted based on current conditions and user-definable inflation multipliers.
Using Property Budgeting and Forecasting, you’ll appreciate these benefits:
- Budget Management streamlines the budget process by automatically reading lease and general ledger data, and providing flexible and powerful assumption tools.
- Calculate budgets for one year to 10 years, including rent assumptions, operating expense reimbursements, management fees and leasing costs. This provides executives and owners a view into the projected profitability of their properties under a variety of circumstances.
- Market assumptions are stored for every lease, which gives property managers a great deal of flexibility in creating property budgets.
- Expense growth rates for each property allow the end user to easily account for projected, rising future costs.
- Renewal assumptions are projected for every expiring lease, factoring in average renewal probability and projected down time. This quickly creates reasonable forecasts of what may happen at a property.
- Formulate 10-year capital expenditure budgets.
- Easily expand and contract units to handle the ever-changing layout of properties.
- Budget Management automatically uses General Ledger data to expedite the expense budgeting process.
- Budget Management automatically creates coming year tenant CAM billings based on the operating budget, thereby eliminating additional data entry.
Reports include:
- 2-Month Rolling Operating Budget Reports
- Year by Year, 10 Year Operating Budget Forecasts
- Financial statement reports using budget data
- Multiple reports that detail all assumptions built into the budget
- Budget comments are displayed to easily explain budget items

