Property Management Software Advice for Landlords and Property Managers

Property management software helps rental property managers with the financial aspects of their business. Our guide profiles a long list of accounting systems for a wide range of property managers and real estate companies. Developers should refer to our real estate development buyer's guide. Managers of condominiums or community housing associations should visit our HOA software guide. Visit our affordable housing software guide if you oversee HUD or section 8 properties.

Property management software allows a landlord or rental property manager to automate and track the leasing process from beginning to end. This application enables tenant screening, automatic rent collections and vacancy planning.  There are different options for residential landlords and commercial focused organizations, as well as those for mixed use portfolios. There are options for deploying the systems on-premise or online.

Real estate budgeting and forecasting systems help you develop accurate operating budgets and calculate future property values. Using historical lease and financial information, the application makes automatic budget projections for revenue and expenses. The system will account for CPI increases, inflation, market rates and tenant improvements. Key features include assessment and analysis tools, tax planning and scenario planning.

Facilities maintenance systems allow landlords or managers to track work orders, schedule preventative maintenance, and communicate with maintenance staff. The application will automatically create schedules and alerts, as well as generate work orders. It can be used for building, grounds and asset management across multiple locations. There are both web-based and on-premise maintenance management software options.