Rental property management software is a valuable tool for landlords and property managers to efficiently manage their properties. It can streamline tasks such as tenant screening, rent collection, maintenance requests, and financial reporting.
With so many software options available, it can be overwhelming to choose the best one for your needs. In this context, the term “best rental property management software” refers to software that offers a comprehensive set of features, is user-friendly, and provides excellent customer support.
The right software can save time and money while improving the overall management of rental properties.
Top List of Best Property Management Software
Buildium
Talk to tenants, vendors, and owners from one place.
Find better tenants with comprehensive screenings and applications.
The property database is entirely searchable
Doorloop
Doorloop streamlines communication and reduces paperwork.
It increases efficiency and transparency.
Doorloop helps to minimize vacancies and maximize revenue.
Turbotenant
Offers a customizable dashboard to prioritize important tasks
Provides easy access to important documents
Streamlines property management tasks
TenantCloud
TenantCloud is a cloud-based platform
It provides a central place for landlords
It allows for online rent payments
Rentec Direct
Integrates with other property management tools
Provides a landlord and tenant portal
Offers additional features such as tenant ACH payments
RentRedi
Offers additional features such as electronic signatures
Provides a variety of pricing plans
Enables landlords to communicate with tenants Provides a centralized database for tracking
QuicKen
Companion mobile app and online platform
High-level security Phone and chat support
keep track of your spending habits
Innago
Intuitive and user-friendly platform
Customizable settings to meet specific business needs
Secure document storage
Automation features save time and effort
Propertyware
Automated reminders for important dates
Integration with popular accounting software
24/7 customer support is available.
AppFolio
Multi-entity accounting management
Ability to Customize & Screening
Collect tenant payments via ACH
Scheduling Showings with Integrated Calendar
Hemlane
Hemlane offers three pricing options
They have a near-perfect retention rate
Avail
Provides tools/resources for effective management
Promotes transparency & professionalism
Potential for platform expansion
SimplifyEm
Great customer support
It has an easy-to-use interface
Customized property management software
Most Recommended Property Management Software
Basic Definition Of A Rental Property Management Software.
Property management software is a type of software that is designed to help property managers and landlords to manage their rental properties more efficiently. The software typically offers a range of features that streamline various property management tasks, including tenant screening, rent collection, lease management, maintenance requests, and financial reporting.
Some property management software solutions also offer additional features such as accounting and bookkeeping, marketing and advertising tools, and online portals for tenants and landlords to communicate and manage rental agreements.
The purpose of property management software is to simplify and automate many of the day-to-day tasks involved in managing rental properties, thereby reducing the workload on property managers and allowing them to focus on providing better service to their tenants. Additionally, property management software can help landlords and property managers to keep track of important information, such as lease agreements, rent payments, and maintenance requests, all in one place.
Detailed Review Of Best Property Management Software
1. Buildium
Buildium
Talk to tenants, vendors, and owners from one central place.
Find better tenants with comprehensive screenings and applications.
Buildium is a cloud-based property management software that allows managers of residential and association properties to control every aspect of their business, whether in the office or completely remote, including online rent and payments, vacancy management, maintenance cycles, and accounting.
Buildium includes a number of useful features that assist property managers in streamlining their workflow and automating tasks. Automatic listing syndication, marketing websites, electronic leases, tenant and owner communication tools, and maintenance management tools are among the features available.
Buildium is typically used by property managers as an all-in-one solution for all of their property management needs. Buildium assists property managers throughout the property management life cycle, from listing properties to inspecting units after tenants move out.
Buildium Features
- Accounting: The accounting features of Buildium allows you to track budgets, rent, vendor payments, and more with powerful reporting. You can securely manage bank accounts, accept rent, and create valuable reporting. Buildium also enables you to monitor and report on business expenses alongside property expenses.
- Resident Center: Your Resident Center takes the heavy lifting out of rent collection and keeps you in sync with your residents. You can collect the rental fees, Track maintenance requests, and send announcements to entire properties by text and email.
- Document Storage: Secure document storage makes every lease, document, insurance policy, and notice safe and easy to find. You can upload an unlimited number of leases, policies, addenda, receipts, meeting minutes, inspection reports, floor plans, and maps. Access them anytime, from anywhere. Easily share documents with residents or rental owners when the need arises.
- Leasing: This feature enables you to find better tenants with comprehensive screenings and applications. Manage all of your rental listings and syndicate to our partners in a few clicks. With Buildium, you can also accept rental applications from your marketing site, and process any related fees. Run comprehensive tenant screenings: criminal, credit, & eviction reports.
- Analytics and Insight: Powerful property management data analytics and comparative insights let you drive your business with metrics-driven decisions and benchmarks. See real-time performance, set goals, and use personalized data insights to strategically manage and grow your business.
- eSignature: Manage the entire leasing process online and collect applicant signatures from any device. You can gather electronic signatures securely and allow applicants to sign from anywhere using the device of their choice. Set the signer order and track the signatures and status for every lease and addendum, and get notified when all requested signatures are received so you know when it’s your turn to countersign.
Buildium Pricing
- Essential – Starting at $50/month.
- Growth – Starting at $160/month.
- Premium – Starting at $460/month.
You can customize your subscription with the features and services you need. When you sign up for a free 14-day trial you’ll be able to use sample data to see how Buildium handles your real-world tasks. It takes just 30 seconds. No credit card is required. You can convert to any of the plans, Essential, Growth, or Premium, from the same trial.
2. Doorloop
DoorLoop
DoorLoop combines multiple programs into one. Simplify your operations with one login. No add-ons are needed.
Automate everything from listing units to moving out tenants, and everything in between.
DoorLoop is all-in-one rental property management software. It offers its customers simple and cost-effective software for managing their rentals, collecting rents, screening tenants, tracking maintenance, growing their portfolios, and much more. It combines a number of programs into a single package. You can simplify your processes by using a single login.
With an integrated Customer Relationship Management Solution (CRM) and tenant portal, you can track prospects and active renters, all communications, renewals, and more with DoorLoop. Custom reports, document storage, online advertising, and role-based access controls are also important components.
Its accounting software enables managers to view financial data and collect rent via credit cards, automated clearing houses (ACH), and other methods. Managers can also receive maintenance requests, monitor the status of work orders, and create a customized website for property listings.
With DoorLoop, you can automate everything from listing units to evicting renters and everything in between. Furthermore, DoorLoop is one of the few systems with an open API and Zapier integration, allowing you to connect and sync with tens of thousands of apps worldwide.
DoorLoop Features
- Marketing: Advertise portfolio on multiple listing channels, build a personalized website with business color and logo, and schedule virtual property tours. Collect and track prospect and renter information with a built-in CRM.
- Tenant Screening: Screen every prospect’s criminal, eviction, and credit history report through TransUnion to find suitable tenants. Pro and Premier plan users can markup screening costs to prospects during application.
- Electronic Leases: Generate custom digital leases to let applicants sign documents remotely. Store leases, files, pictures, and other digital media in a centralized library. Document storage space varies according to pricing plans.
- Online Payment: Leverage partnership with RapidRent to accept rent via debit card, credit card, and eChecks. Send payment reminders, track individual payment history, receive renewal alerts, and automate penalties for late rent payments. The payment processor is 256-bit military-grade encrypted and maintains PCI compliance.
- Individual Portals: Enables tenants to pay rent, submit maintenance requests, and add renters insurance. Owners can monitor property workflow, view documents and check distribution payments through individual portals.
- Renter’s Insurance: Offers renter insurance programs to safeguard property and replace complicated security deposit transactions.
- Workflow Management: Manage user access permissions and job roles, onboard external maintenance vendors and automate repetitive tasks like rent collection, reminders, and transaction recording for smooth and efficient workflows.
- Maintenance Module: Receive maintenance requests from active tenants, assign vendors for specific tasks, and monitor progress from the dashboard. Pay vendors and e-file 1099 tax forms from one place.
- Accounting: Automate bookkeeping and ledger maintenance. Offers QuickBooks integration and CAM reconciliation modules with Pro and Premier plans.
- Reporting: Generate custom reports to drill down into specific areas and identify profit-making opportunities.
- Integrations: Integrate with external software using an open API. Connect apps and automate workflows through Zapier. Only available with the Premier plan.
DoorLoop Pricing
The yearly plans of Doorloop For 1 unit are as follows:
- Starter: $24.50 for the first 2 months(Billed yearly)
- Pro: $49.50 for the first 2 months (Billed yearly)
- Premium: $74.50 For the first 2 months (Billed yearly)
The price will vary depending on the unit you choose.
Also Check the detailed Doorloop Review, Features, pricing, And more.
- Check Buildium vs DoorLoop
3. Turbotenant
Turbotenant
Have your renters sign legal forms from their phones or computer. No need to meet in person.
From a signed lease to condition reports, keep and share documents in one place.
Turbo Tenant is a cloud-based property management solution that allows for tenant tracking as well as building maintenance. It automatically distributes vacancy listings to multiple sites, including Rent Jungle and Apartment List. It also helps users fill out Craigslist listing forms. A tenant database, a rent calculator, and rental form templates are available to users.
Turbo Tenant allows tenants to apply for housing online. Mobile devices can be used to fill out applications, and the system notifies users when new applications arrive. Users have the option of ordering credit reports and criminal background checks on prospective tenants.
Turbo Tenant allows users to upload property details and photos, which potential tenants can view online. Landlords can also be contacted, listings shared with friends, and applications submitted online. It generates flyers for users based on information and images from job postings. Users can print and distribute these flyers as they see fit. Support is available through an online knowledge base and a support ticket system.
Turbo Tenant Features
- Advertising: With a professional listing page, Turbo Tenant helps you spread the word about your vacancies. You can create a website that includes photos, information, directions, and a list of amenities, among other things. These specifications enable you to distinguish yourself from the competition and compile a shortlist of potential renters. The application assists you in creating a property website and has automatic posting capabilities that allow you to publish your listing on dozens of listing sites for increased advertising efficiency.
- Flyers: Another way to spread awareness about your available properties is to simply post flyers around town. The application simplifies local advertising by assisting you in designing, generating, and printing flyers to effectively spread the word about your available units.
- Online application: With a comprehensive online application toolkit, you can get the information you need from potential residents. You can use the program to ask applicants custom questions, upload relevant documents, and automate reference checks. For a more convenient application experience, the rental forms are simple to fill out on any device and can be easily shared via text or email.
- Tenant screening: A useful tenant screening feature allows you to screen out applicants who may not be a good fit for your properties. It automatically sorts potential tenants based on their move-in date, number of tenants, pet preferences, employment status, and other factors. These metrics ensure that you can concentrate your efforts on candidates who meet your specifications.
- Lead tracking: The system’s handy lead tracking feature assists you in organizing applicants. It automatically gathers interested parties and displays them in a comprehensive list for you. You can then access their contact information, answer any questions they have, and even view contact histories to see if you’ve spoken to them before.
- Payments: With an easy-to-use online payment portal, Turbo Tenant makes it simple for residents to pay their rent. They can pay their rent using the program’s credit and debit card support, or they can send you payments via bank transfer. The system also includes automatic reminders, which help to reduce the number of late and unpaid rent each month.
Turbo Tenant Pricing
TurboTenant’s platform is free to access ($0 price), but several tools and services do cost extra.
- Tenant screening fee: $55
- Application fee: $35 to $45 (paid by applicant)
- Electronic lease signing: $9 per lease
- Rent comparison report: $14.99 per report
- Forms pack: $99
- Free Trial
Check the detailed TurboTenant Review, Features, pricing, And more.
4. TenantCloud
TenantCloud
Your info is protected in AWS data centers.
Automatic rent invoices, late fees, and receipts delivered to tenants
TenantCloud is a cloud-based property management system designed to meet the needs of landlords, property managers, and real estate professionals. The system offers property management, tenant management, accounting management, and marketing functionality.
It also assists you in creating rental application forms and requesting background and credit checks. TenantCloud accepts both one-time and recurring payments. It includes accounting tools for managing invoices and receipts, processing deposits and refunds, and exporting and sharing accounting data. It also enables you to provide partial rent options and tailor payment allowances to each of your tenants.
TenantCloud generates actionable analytics to give insight into your property performance. It can build rental and financial reports. It also offers a Tax Preparation Report and the 1099 Tax Form to ensure your compliance.
TenantCloud Features
- Unified Platform: Track and manage every marketing, leasing, maintenance, and accounting workflow from a centralized dashboard.
- Increase Brand Visibility: Design branded websites using a library of customizable templates and take bookings and applications directly from the website. Offers a native channel manager to syndicate property availability, pricing, and description across multiple ILS.
- Seamless Online Transactions: Digitize every business transaction and automatically record items in specified ledgers by integrating with Stripe or Dwolla. Handle rent payments, work order invoices, late fees, refunds, discounts, and more.
- Efficient Lead Tracking: Leverage partnership with Rentler to access a database of premium leads. Provides a basic CRM module to track lead journeys, answer queries, send invitations and receive applications.
- Streamline Workflows: Onboard teams and manage access levels and permissions according to the user role. Assign tasks to team members, create reminders, and track changes.
- Promote Accountability: Create a central repository of business interactions with owners, tenants, and vendors through in-app messaging and emails. Solve issues, promote accountability, and perform quick audits using the database.
TenantCloud Pricing
- Free – $0/month
- Everything you get for Free:
- Listings
- Scheduling
- Applicants
- Screenings
- Rent Payments
- Maintenance
- Vendor Network
- Starter – $15/m
- Everything is Free, plus:
- Premium Leads
- Tax Reports & More
- E-Signature
- Leads Tracking CRM
- AutoPay for Tenants
- Google Calendar Sync
- Growth – $50/month
- Everything in Starter, plus:
- Property Manager Tools
- Individual Owner Portal
- Management Fees
- Lease Builder
- Property Message Board
- QuickBooks Online Sync
- Custom pricing
- Everything in Growth, plus:
- Team Management & Tools
- Task Management
- Customization
Also Check the detailed TenantCloud Review, Features, pricing, And more.
5. Rentec Direct
Rentec Direct
All the tools for landlords to easily manage properties and tenants.
A complete management solution for professional property managers.
Rentec Direct is a property management platform used by over 15,000 landlords to manage their properties. Typically, Rentec Direct is used to manage residential portfolios, but about 10% of customers use this platform for commercial properties. This solution includes several features to help optimize and automate a variety of essential tasks including automatic listing syndication, marketing websites, electronic leases, texting & emailing, and maintenance request tracking.
Rentec Direct is an affordable property management solution that includes the core set of features that helps landlords efficiently operate their businesses. We recommend Rentec Direct for price-conscious property managers responsible for small to medium-sized residential portfolios.
Rentec has strict bank-grade security standards in place to protect client data, including 2-factor authentication, third-party security verification, and real-time secure data backup. The software is compatible with Windows and Mac operating systems and various mobile devices.
Rentec Direct Features
- General Ledger Accounting: You have the power to review, edit and print ledgers for every property, tenant, owner, and bank account used to manage your properties.
- Online Rent Payment: Give your tenants convenient ways to pay rent each month through online rent payments from Rentec Direct. Your tenants can set up one-time or recurring payments paid by e-check (ACH), credit card, or debit card.
- Comprehensive Reporting System: You have access to the most robust reporting system in the industry. A complete set of financial reports and useful reports is included. While specialized reports for property portfolios and owners provide you with the most relevant data quickly and easily for your clients. All reports can be emailed, printed, or exported to PDF or Excel. Your data can also be downloaded and imported into Quickbooks to provide a familiar format to CPAs and bookkeepers when necessary.
- Property Management Website: You receive a responsive (desktop and mobile-optimized) professional website to promote your company and brand. This website is included and hosted on Rentec’s servers completely free, saving you thousands in up-front investment and monthly hosting fees. Included in the website are multiple fully customizable pages to promote your company as well as professionally designed listings to show off your vacant properties and get them in front of potential renters faster.
- File Library: Securely store all your important files, documents, and photos in your Rentec account. Files are encrypted during transit to provide complete data security. You can selectively share files from your file library with tenants and owners. Files are backed up daily both on-site and off-site to ensure the maximum possible data security and retention.
- Online Rental Application: You have access to a customizable online application system that will help qualify prospective tenants quickly. Accepting online applications gives you direct access to potential tenants who are reviewing your vacant rental properties online. Your online rental applications will work with any mobile device. Collect application fees and recover tenant screening costs directly within the application.
- Work orders & Maintenance Tracking: Enter and track your own work orders and recurring maintenance, or allow tenants to place their own repair requests via your tenant portal.
- Tenant Screening: Access instant background screening reports, like criminal records, credit reports, eviction history, income verification, and more.
- Market Vacant Properties: Create beautiful rental listings, that will be published online and syndicated to the top ten rental listing sites. Collect online applications and track prospects and leads.
Rentec Direct Pricing
Two subscription plans are available:
- Rentec Pro – $45/month
- Rentec PM – $55/month
The pricing varies according to the number of units to manage. Discounted Premium Tenant Screening packages are available on the platform for an additional cost.
Also Check the detailed Rentec Direct Review, Features, pricing, And more.
6. RendRedi
RentRedi
Tenant Screening
Manage or Outsource Maintenance
List & Market Properties
RentRedi is a property management platform used by thousands of landlords to manage their residential properties. This solution includes several useful features including automated listing syndication, online rental applications, electronic payment processing, and maintenance request tracking.
RentRedi offers several useful features that help landlords streamline their workflow and improve business operations. These features include automated listing syndication, online rental applications, electronic payment processing, and maintenance request tracking.
Overall, RentRedi is an affordable property management solution that optimizes a variety of important tasks. We recommend it for independent landlords responsible for small to medium-sized residential portfolios with 1 to 100 units.
RentRedi Features
- Rent Payments: Easy mobile and online rent collection without any hidden fees! RentRedi offers a Landlord app to manage rent, late fees, evictions, and send reminders, along with a Tenant app for rent payment and auto-pay.
- Tenant Screening: Identify high-quality tenants, quickly! Prequalify prospective tenants, plus offer screening for $35 to prospective tenants. With RentRedi mobile app, you can view applications and hit “accept” all from your phone.
- Manage or Outsource Maintenance: Spend more time doing what you want and less time handling maintenance requests! You can use a standard maintenance request form or add hands-off maintenance coordination through RentRedi’s Latchel partnership.
- List & Market Properties: Reduce vacancy and turnover time with syndicated listings to Realtor.com, Doorsteps, and more. With access to unlimited property marketing pages, you have everything you need to market your listings from one place.
- Lease Signing & Document Sharing: Streamline the lease signing process and store documents! In-app or on a desktop, you can upload a lease or any other document to share or send for signatures. Notify tenants and receive a legally binding signature through the Tenant RentRedi app.
- Provide Affordable Renter’s Insurance: RentRedi has partnered with Sure, an insurance tech company, to offer your tenants a low-cost insurance option. Tenants can purchase renter’s insurance within their RentRedi tenant app or upload their current policy for your records.
RentRedi Pricing
RentRedi is priced as a monthly subscription. The company offers a discount for longer contracts, and you can add an unlimited number of properties, units, tenants, and teammates for no additional cost.
- Monthly subscription: $19.95 per month
- 6-month subscription: $15 per month
- Annual subscription: $9 per month
- ACH fee: $1
- Credit card transaction fee: 2.9% + $0.30
- Tenant screening fee: $35 per report
7. QuicKen
Quicken
Mobile and web access
Secure encryption
Expert support via phone, chat, and help center.
Quicken is a personal finance management software that offers a range of features for property management, making it a great option for landlords, property managers, and real estate investors. With Quicken, property owners can track rent payments, maintenance expenses, and other property-related costs. Additionally, Quicken’s investment tracking features allow users to monitor the performance of their real estate investments and make informed decisions about buying and selling properties.
Quicken’s customizable reporting also allows property owners to generate detailed financial reports that provide insight into their rental income and expenses, making tax preparation and accounting easier. Furthermore, Quicken’s bill management features make it easy to pay bills online and track payments, reducing the administrative burden on property owners.
Overall, Quicken is a comprehensive financial management solution that offers a range of features tailored to the needs of property owners. Its robust budgeting, investment tracking, and reporting features make it an excellent choice for individuals and businesses looking to manage their real estate investments and properties effectively.
Quicken Features
- Rent Tracking: Easily manage rent payments and keep track of late fees and partial payments.
- Lease Management: Keep track of lease terms and deadlines, and get reminders when leases are about to expire.
- Tenant Management: Keep all tenant information in one place, including contact details, lease agreements, and payment history.
- Maintenance Tracking: Schedule and track maintenance tasks, create work orders, and manage expenses.
- Accounting: Manage all your finances in one place, including rent payments, expenses, and taxes.
- Reporting: Create customized reports to track your rental income and expenses, as well as property performance metrics.
Quicken Pricing
The Home & Business plan for Quicken on Windows is priced at $5.99 per month, billed annually. It comes with a risk-free 30-day trial, and includes a range of features such as managing finances together, scheduling C&E tax reports, managing tenants and payments, storing business and rental documents, and investment portfolio tracking. The plan also includes bill tracking and payment (valued at $119/year), support, managing spending and budget, tax-time made easy, monitoring and growing investments, tracking with IRS categories, tracking A/P, A/R, P&L, cash flow, email custom invoices, generating tax schedules, and tracking multiple businesses and properties.
It’s important to note that Quicken also offers other plans, such as Simplifi, Home & Business for Mac, Premier, and Deluxe, with varying features and pricing. The pricing and features listed above only apply to the Home & Business plan for Windows.
You May Also Check the QuicKen Review, Features, pricing, And more.
8. Innago
Innago
User-friendly platform
Customizable settings
Secure document storage
Time-saving automation features
Innago is a cloud-based property management platform that provides landlords with a comprehensive suite of tools to efficiently manage small to midsize property portfolios. The platform offers customizable settings that enable landlords to manage their rentals in the way that best suits their business.
Innago’s features include rent collection, tenant screening, property listing, work order management, e-leasing, messaging, and more. The platform simplifies the rental property management process with automation features that save time and increase transparency. Innago’s free rental property management software eliminates the need for expensive third-party property management services, making it an affordable solution for landlords of all sizes. The secure document storage feature allows landlords to store important rental documents in one centralized location.
Overall, Innago is a user-friendly and affordable solution for property managers and landlords looking to streamline their workload and improve tenant management.
Innago Features
Innago is a cloud-based property management software that offers a range of features for landlords and property managers to streamline their rental business. Some of the key features of Innago include:
- Tenant Management: Innago allows landlords to manage their tenants’ information, lease agreements, and payments, making it easy to keep track of rent payments and maintenance requests.
- Tenant Screening: Identify high-quality tenants, quickly! Prequalify prospective tenants, plus offer screening for $35 to prospective tenants. With RentRedi mobile app, you can view applications and hit “accept” all from your phone.
- Manage or Outsource Maintenance: Spend more time doing what you want and less time handling maintenance requests! You can use a standard maintenance request form or add hands-off maintenance coordination through RentRedi’s Latchel partnership.
- List & Market Properties: Reduce vacancy and turnover time with syndicated listings to Realtor.com, Doorsteps, and more. With access to unlimited property marketing pages, you have everything you need to market your listings from one place.
- Lease Signing & Document Sharing: Streamline the lease signing process and store documents! In-app or on desktop, you can upload a lease or any other document to share or send for signatures. Notify tenants and receive a legally binding signature through the Tenant RentRedi app.
- Provide Affordable Renter’s Insurance: RentRedi has partnered with Sure, an insurance tech company, to offer your tenants a low-cost insurance option. Tenants can purchase renter’s insurance within their RentRedi tenant app or upload their current policy for your records.
- Online Rent Payments: Innago provides online payment options for tenants, making it easier for them to pay their rent on time and reducing the need for landlords to collect payments in person.
- Maintenance Requests: Tenants can submit maintenance requests through the Innago platform, and landlords can assign, track, and complete those requests in a timely manner.
- Accounting and Reporting: Innago provides landlords with accounting and reporting tools to track their rental income and expenses, generate financial reports, and simplify tax preparation.
- Automated Reminders: Innago sends automated reminders to landlords and tenants for upcoming payments, lease renewals, and maintenance appointments, reducing the likelihood of missed deadlines.
- Mobile App: Innago’s mobile app allows landlords and tenants to manage their rental business on the go, from anywhere, and at any time.
Innago Pricing
Innago offers a simple, powerful, and free property management software dashboard with no setup fees or monthly fees. The software is completely free to use, with every feature listed included in the account at no cost. There is no contract required to use Innago, and direct personal support is provided for free. Some of the features offered by Innago include online leasing and document storage, financial tracking and reporting, work order tracking, communication and messaging, custom applications and tenant screening, online rental payments, and late fees and invoice automation. These features are free for the user, as well as for their tenants. Overall, Innago offers a cost-effective and efficient solution for property management needs.
You May Also Check the Innago Review, Features, pricing, And more.
9. PorpertyWare
PropertyWare
Supports single-family property management companies of even the largest sizes.
Protect rentals against accidental damage and reduces tenant liability
Propertyware is a cloud-based tool powered by RealPage that helps reduce inspection time, customize reporting, manage online payments, and create and dispatch work orders. This cloud-based software was created specifically for small, low-density, single-family residential properties. It is cutting-edge software that combines accounting, management, and online property marketing software.
Propertyware will be especially useful for landlords managing tenants and rental properties, fee managers managing fees and properties for their owners, and asset managers managing bank-owned properties. The software simplifies leasing renewals, rental management, and tenant communication.
Propertyware stands out for its simplicity and ease of use, which is not found in other solutions. Property managers for property managers created this property management platform in the cloud. That is, the system is designed to be user-friendly, allowing them to deploy Propertyware immediately and make the system work for them without spending time on training.
Propertyware includes a property management module that allows users to organize and share all owner and tenant contact information as well as property information in a safe and centralized location.
Propertyware Features
- Accounting: Accounting puts you in control no matter your expertise level. From AR to AP, bank reconciliations, and ACH payments to owners and bank reporting, Propertyware offers it all.
- Marketing & Websites: Propertyware offers a complete marketing solution that puts you in control of your listings, prospects, and tenant applicants.
- Payments: More payment options. Less property risk. Provide tenants with the payment options they want–online and in cash–and minimize the risks of late rent, missed rent, theft, and even fraud.
- Maintainance: From move-in to move-out (and everything in-between), Propertyware offers a solution no one else has. It’s a tool for coordinators and vendors—a re-invented solution designed to manage the entire process, including photos and billing.
- Full Accounting Suite: One of the main features of PropertyWare is its fully integrated accounting suite. This feature provides you with a large collection of tools that allows you to manage the core of your business – the money.
- Digital Marketing Functionality: One unique and useful feature offered by PropertyWare is digital marketing functionality. This feature makes it extremely easy to list your vacant properties on the internet to fill them up quickly.
- Lease Management: Another invaluable feature that comes with PropertyWare is the ability to manage all of your leases and assets. This feature is involved in every step of the process when it comes to finding, onboarding, and maintaining new tenants.
Propertyware Pricing
Popertyware offers 3 plans:
- Basic: $1.00/unit/month
- Plus: $1.50/unit/month
- Premium: $2.00/unit/month
You May Also Check the detailed PropertyWare Review, Features, pricing, And more.
10. AppFolio
AppFolio
Digitize, streamline and automate your processes with flexible tools and advanced AI.
Gain greater insights across your portfolio and boost accuracy with robust accounting.
Appfolio is one of several all-in-one property management software tools that enable you to manage your entire portfolio from a single location. You can manage any type of property with Appfolio, including residential, commercial, condos and multi-family, vacation, etc. Appfolio, one of the more notable options in the space, has made a name for itself with a robust feature set and user-friendly interface.
The system also allows you to make the most of your budget by providing analytical reporting capabilities that promote a more efficient and profitable property management experience. AppFolio Property Manager is a cloud-based program that can be downloaded and installed on Android and iOS mobile devices.
AppFolio Features
- Portfolio Management: AppFolio Property Manager consolidates diverse leasing portfolios into a single location. From a unified dashboard, you can manage your residential, commercial, student housing, and community association accounts, providing you with a centralized portfolio management solution.
- Communication: AppFolio provides your residents with a convenient online portal that includes a built-in texting tool, allowing them to contact you as needed. The texting feature can also be used to send out mass updates to all of your tenants, streamlining communication between you and your tenants.
- Maintenance: A useful hub consolidates all of your maintenance workflows into a single location. Renters can use the app to submit maintenance requests, which speeds up the process of getting work done.
- Marketing: Empty units cost money, which is why the service includes a marketing toolkit that allows you to quickly fill openings. For maximum marketing efficiency, you can post available units, book showings, and verify leads directly from the palm of your hand.
- Property accounting software: The system’s analytical reporting capabilities enable you to search for financial patterns. It provides real-time analysis of usage metrics such as spending, budgets, billable income, and even rentable items like covered parking spaces or storage space.
AppFolio Pricing
The service has multiple price plans available for Residential, Commercial, Community Associations, and Student Housing.
- Residential — $1.25 per unit per month
- Commercial — $1.50 per unit per month
- HOAs — $0.80 per unit per month
- Student Housing — $1.25 per unit per month
You May Also Check the detailed AppFolio Review, Features, pricing, And more.
11. Hemlane
Hemlane
Their team wants to change rental management.
Hemlane offers 3 pricing options and a free 1-month trial.
They have a high retention rate with US customers.
Real estate has been a traditional industry, relying on outdated methods and expensive management companies for decades. However, Hemlane is changing the landscape with its innovative property management software.
Hemlane’s software simplifies the rental lifecycle management experience by reducing complexity and utilizing technology to streamline the process. Its success is evident in its near-perfect retention rate from customers across the United States.
The Hemlane team is comprised of experienced professionals in the property management field who are passionate about changing the way rentals are managed. The software offers a range of features, including property advertisement, communication automation, credit reports, contract storage, tenant screening, lease management, online rent and financials, and property maintenance.
Hemlane Features
- Rental Advertising: Hemlane makes it easy to advertise rental properties across multiple online platforms, including Zillow, Trulia, and Apartments.com. Property owners can create professional listings and publish them with just a few clicks.
- Application Tracking: Hemlane provides a customizable application process that allows property owners and managers to screen tenants effectively. The software streamlines the application process and provides real-time updates on each application’s status.
- Tenant Screening: Hemlane’s tenant screening process includes background checks, credit reports, and income verification. Property owners and managers can use this information to make informed decisions about potential tenants.
- Lease Management: Hemlane offers a range of lease management tools, including automated lease renewals, e-signatures, and customizable lease agreements. The software also provides automated rent reminders and late fee calculations.
- Online Rent & Financials: Hemlane’s online rent and financials feature simplifies rent collection and accounting. Property owners and managers can track rent payments, generate financial reports, and send invoices and receipts to tenants.
- Maintenance & Repair: Hemlane’s maintenance and repair feature provides a centralized platform for managing maintenance requests and repairs. Property owners and managers can track work orders, communicate with vendors, and monitor repair status.
Hemlane Pricing
Hemlane offers three pricing options to meet the needs of property owners, agents, managers, and tenants. Each plan comes with a one-month free trial and no credit card is required to try it out.
Basic plan
costs $36.50 per month plus $2.50 per unit and a $34 base fee. It includes features such as marketing syndication, application and tenant screening, lease tracking and management, financials and online rent, and maintenance and repair.
Essential plan
costs $49 per month plus $15 per unit and a $34 base fee. In addition to the Basic plan features, it includes state-specific leases, online leases, e-signature, discounted legal advice, and 24/7 repair coordination with no markups.
Complete plan
costs $74 per month plus $40 per unit and a $34 base fee. It includes all Basic and Essential plan features, as well as full repair coordination, invoicing and payment to vendors, a network of service professionals, and connection to a licensed agent for turnover coordination, property showings, inspections, and more (their leasing fee is separate).
Also Check the detailed Hemlane Direct Review, Features, pricing, And more.
- Check Buildium vs Hemlane
12. Avail
Avail
Tools/resources for management
Promotes transparency & professionalism
Potential for expansion
Avail is an innovative online platform that was designed to solve the issue of individual landlords lacking the necessary tools and resources to manage their rental properties effectively. The lack of access to these resources led to frustration and chaos for both landlords and tenants. Avail’s mission is to provide DIY landlords and tenants with the rental experience they deserve by offering a suite of tools and resources that empower landlords to manage their properties more efficiently.
The platform provides various features such as rental listings, tenant screening, digital leases, online rent collection, and maintenance tracking. These tools make it easier for landlords to find and screen tenants, sign leases, and collect rent, making it easier for them to manage their properties. Avail’s focus on respect, transparency, and professionalism ensures a mutually beneficial rental relationship between landlords and tenants.
Avail Features
- Rental Listings: Landlords can create and publish rental listings on popular listing sites like Zillow, Trulia, and Apartments.com.
- Tenant Screening: Avail offers comprehensive tenant screening that includes credit checks, background checks, and eviction history reports.
- Digital Leases: Landlords can create, send, and sign lease agreements online, making the process more efficient and convenient for everyone involved.
- Online Rent Collection: Avail allows landlords to collect rent payments online, making it easier for tenants to pay and for landlords to receive payments.
- Maintenance Tracking: Landlords can track maintenance requests and schedule repairs through the platform, making it easier to manage and prioritize repairs.
- Communication Tools: Avail provides a messaging system that allows landlords and tenants to communicate directly through the platform, making it easier to address issues and resolve problems.
Avail Pricing
Avail offers two pricing options for landlords:
Unlimited:
This plan is completely free for landlords and includes unlimited units, syndicated listings, credit and criminal screening, state-specific leases, online rent payments, and maintenance tracking.
Unlimited Plus:
This plan is available for $5 per unit per month and includes all the features of the Unlimited plan, plus premium features such as next-day rent payments, waived ACH fees, custom applications, and leases, the ability to clone and reuse custom lease agreements, and the ability to create a properties website.
You May Also Check the Avail Review, Features, pricing, And more.
13. SimplifyEm
SimplifyEM
Online rent payments and tenant portals
Generates cash flow and tax reports
Excellent customer support
SimplifyEm is a powerful property management software designed to simplify the complex task of managing rental properties. It is user-friendly, allowing real estate professionals to set up and start using the software within minutes. The software has an intuitive design that simplifies bookkeeping, saving time and money. SimplifyEm allows tenants to pay their rent online, making the rent collection process easy and convenient for property managers.
The software generates cash flow reports that help analyze rental property income and expenses. It also records income and expense transactions according to IRS tax categories, making tax time a breeze. SimplifyEm keeps track of all tenant and lease information, including automatic late fee charging and lease expiration notifications. The software is continuously upgraded and improved based on user feedback, ensuring that it is tailored to the needs of the real estate community. The company provides excellent US-based customer care, with a commitment to answering calls within two rings during regular business hours.
SimplifyEm is an excellent solution for property managers and real estate investors looking to streamline their property management processes, save time and money, and provide their tenants with a better rental experience.
SimplifyEM Features
- Tenant management: SimplifyEm allows you to easily manage tenant information such as contact details, lease agreements, and rental payments.
- Accounting and financial management: The software comes with accounting features that enable you to keep track of income and expenses, generate financial reports, and calculate taxes.
- Maintenance tracking: SimplifyEm helps you track maintenance requests and schedule repairs. You can also generate work orders and track progress on maintenance tasks.
- Online rent payment: SimplifyEm allows tenants to pay rent online, which saves you time and eliminates the need for paper checks.
- Automated lease renewal: The software sends automated lease renewal reminders to tenants and allows you to easily renew leases with just a few clicks.
- Document management: SimplifyEm lets you store important documents such as lease agreements, rental applications, and maintenance records in one centralized location.
SimplifyEM Pricing
SimplifyEm offers a variety of pricing plans to cater to the specific needs of different property owners. The pricing plans are as follows:
- P10 plan: $25 per month for managing up to 10 units
- P20 plan: $35 per month for managing up to 20 units
- P30 plan: $45 per month for managing up to 30 units
- P50 plan: $60 per month for managing up to 50 units
- P75 plan: $75 per month for managing up to 75 units
- P100 plan: $100 per month for managing up to 100 units
- P100+ plan: For managing additional units above 100, every batch of 10 units is billed in increments of $8 per month.
- P2000 plan: $1620 per month for managing up to 2000 unit
All subscription plans include features such as email and live phone support, full income and expenses tracking, generating detailed reports, managing tenant and lease information, managing vendors and year-end taxes, renter’s insurance, professional owner reports, and unlimited document storage.
You May Also Check the SimplifyEm Review, Features, pricing, And more.
Benefits of Property Management Software
- Cost: Property management software is now very reasonably priced. It also has the potential to save you a significant amount of time and money.
- Real-time Access to Information: With cloud-based property management software, you can access all the information and data in real-time. This suggests that you don’t need to be available in your office to have an eye on the software data. With all the important data and information collated in a single place available at your fingertips, this software rightly simplifies data management and its accessibility.
- Accessibility: Instead of storing all of your files on a single computer or going old school and using paper files, you can keep everything safely stored in the Cloud. This means you can access your (well-organized) data and files from any location.
- Scalability: Managing your properties manually takes time. You can save a lot of time by using property management software, which not only makes managing your properties easier but also gives you more time to do other things, such as investing and managing more properties. Streamlining operations means you can manage more, and in doing so increase your revenue and profit.
- Simplified Backup & Recovery: Having everything automatically stored online means not only having access from anywhere in the world but also having your data and information backed up and safely stored in case you ever need it in the future.
- Data analysis: In order for a business to thrive, its owners must make informed, data-driven decisions. However, when gathered and performed manually, their data and analysis may be incorrect. With property management software, all information entered into the system is saved, allowing you to run a thorough analysis and gain insights into your business. Proper data analysis enables you to identify inefficiencies and identify new opportunities.
- Security: An advanced property management software ensures that all your important and confidential data is kept secure. A software development company, which develops one such software solution, also builds a comprehensively secured environment, including firewall, encryption, and backup/recovery modules.
How To Choose The Best Property Management Software?
When looking for the best property management system, you need first to recognize your business requirements to find a matching solution equipped with features that help you execute your daily tasks.
- Intuitive interface – users of property management software praise the fast operation and trouble-free functioning of the software.
- Process automation – with property management, all key processes in the area of property management can be carried out much faster and more efficiently.
- Real-time data – the property management system MUST provide you with data on current defects in the apartments and reports from tenants.
- Combination of functions – the software supports property management in many areas, from invoicing to report generation.
- Vacancy management – if someone is interested in renting and has paid the initial fee – you should know about it as soon as possible! Access to such data is very valuable knowledge.
- Ordering repairs – if a request has been received, such a system should provide you with access to have a professional repair it in no time. Then it will be possible to provide high comfort to every tenant in your properties
- Ability to search for units – property management software should allow you to search for tenant-occupied units, but not only. It is advisable for the software to include also those properties which are vacant and you can easily manage to have them listed in ad services or on your website.
- Accounting for your properties – automate the posting of payments, send payment reminders to latecomers, and do your bookkeeping with an affordable, built-in system. These types of improvements can save you time and, of course, money. Besides, it is possible to drastically reduce accounting errors.
- Customizable system – property management software is a flexible solution that can be configured to meet all the requirements of your company or project. Determine whether such software should be modular in nature.
Conclusion On Best Property Management Software
Of course, property management companies come in all shapes and sizes. That’s one of the reasons there isn’t a single answer to the question of which property management software is the best. There are numerous Property Management Software available but some of them are really worth choosing from (as mentioned on the list above).
If you manage a large portfolio of industrial or office-oriented commercial space, your requirements will differ from those of a small group of single-family residences. Nonetheless, there are numerous common challenges. Whatever your requirements, software solutions are being developed to reinforce operational best practices and assist your company in becoming more profitable.
Hope you liked reading this article on Best Property Management Software.
