Subsidiary management is critical for real estate firms because 65% manage multiple properties across different entities. It helps limit liability, provides centralized financial oversight, manages intercompany transactions, ensures operational control and reporting, and prevents data loss and errors from manual processes that can cost up to 20% in productivity.

You can define the mapping between companies in Propertese and corresponding subsidiaries in NetSuite or Xero. Each company of Propertese represents a single subsidiary in NetSuite or Xero, ensuring accurate one-to-one relationships between systems and proper legal entity separation.

For residential properties, it eliminates manual lease management across entities, prevents late payment tracking complications, reduces turnover rates through better coordination, simplifies revenue consolidation from multiple properties, and prevents renewal and termination confusion across subsidiary structures.

For commercial properties, it manages complex multi-year leases across legal entities, automates rent escalation calculations, simplifies Common Area Maintenance (CAM) reconciliation between entities, and streamlines preventive maintenance tracking across different subsidiaries.

Yes, you have the ability to add, delete, and update one or multiple companies and subsidiaries. This allows you to manage your organizational structure as it grows and changes over time while maintaining proper liability separation.

You can manage each company and subsidiary’s operations separately. This ensures that each business entity maintains distinct workflows, processes, and data management independent of other entities while providing centralized oversight.

You can define users based on company or subsidiary assignments. Additionally, user access can be provided on multiple companies and subsidiaries when users need to work across different business entities.

You can configure accounting details in NetSuite or Xero including subsidiary, branch, location, and GL accounts for revenue recognition. This ensures proper financial setup for each company and subsidiary and enables automated consolidation.

The system posts all property management-related financial data to NetSuite’s or Xero’s GL by subsidiary, property, and unit. This provides complete financial tracking and reporting organized by your business structure and eliminates manual consolidation errors.

The system eliminates up to 20% productivity loss from manual processes by automating company mapping, financial posting, and consolidation. This reduces administrative costs, prevents higher error rates, eliminates delayed reporting, and helps avoid potential compliance penalties.