Property Management Software


Property Management Software

Over the last 9 years we've helped 216,554 companies choose the right software by sharing our extensive research on over 1,340 software systems. How does it work?


Showing 1–10 of 25 software systems

 

Overview of Property Management Software

We wrote this guide to help you determine what kind of system will best suit your organization. Here’s what we’ll cover:

Property managers have unique needs when it comes to technology, and there are hundreds of systems on the market to meet those needs. Some are designed for companies managing multiple types of properties, while others target a specific niche in the industry (e.g., residential, commercial, university housing and homeowners’ associations.)

Buildium Electronic Rent Collection Portal

Buildium is an example of a vendor providing an electronic rent collection portal.

Application Categories

Property management systems help landlords and managers increase efficiency, improve collections, and enhance the quality of service provided to the tenant. Property management software streamlines the wide range of tasks that a manager performs on a regular basis. Common applications found in these systems include:

Accounting

Assists managers with their general ledger, payables and rent rolls. Some systems provide reporting features that calculate total per-unit vacancy days and profit/loss at both unit and organization-wide levels. Examples of vendors offering accounting features include IBS 10.0i and SKYLINE Software.

Tenant & Lease Tracking

Enables landlords and rental owners to automate and track the leasing process from beginning to end. Functions include: tenant screening, move-in, rent/utility payments, maintenance, vacancy planning, move-out and make-ready. Example vendors: Buildium, Spectra, and AssociationVoice Building Edition.

Budgeting & Forecasting

Helps managers develop accurate operating budgets and calculate future values. Uses historical lease and financial information to make budget projections for revenue and expenses, accounting for CPI increases, inflation, market rates and tenant improvements. Includes tools for assessment and analysis, tax planning and scenario planning. Example vendors: Buildium and Propertyware.

Building Maintenance

Tracks work orders, schedules preventative maintenance, and coordinates communication with maintenance staff. Applications can automatically create schedules and alerts and generate work orders, and some systems let tenants make maintenance requests online, expediting service. Example vendors: HippoFM, Maintenance Connection, and Bigfoot CMMS.

What Type of Buyer Are You?

Before evaluating solutions, you’ll want to know in what type of buyer category you belong:

  • Niche-Use Buyer. If your company specializes in a single property type, a system specializing in that type of property is a better option. Managers of commercial offices and retail space may want a commercial software application, while those with residential properties may benefit from a residential property system. Other examples of systems include those designed for homeowners’ associations (HOA software), affordable housing, or hotel management software.
  • Integrated Suite Buyers. For managers with several types of properties in their portfolio, selecting a more robust system may be a better option. These provide functionality to support all types of properties in your portfolio.

Property Management Software BuyerView | 2013

We've spoken with thousands of property managers over the years about new software solutions. Based on our interactions with these buyers, our report looks to answer the following questions:

  • How are buyers currently managing properties?
  • What are the top reasons for replacing existing property management software systems?
  • What are the top applications required by property managers?
  • How have buyer sizes changed over the years?

Click here to access our full report. For more detailed information on this report and its findings, please contact Houston Neal (houston@softwareadvice.com).

Key Features to Consider

Online Tenant Services. Renters increasingly want to receive rent reminders via email. They also want access to Web-based property management software interfaces where they can pay rent, file maintenance requests, submit their notice to vacate, or search their handbook. A system that supports renters’ needs is critical, especially if you own multiple units or properties.

Automatic Vacancy Postings. The Internet is the first place most people go when they’re looking for a place to live. Therefore, many systems allow you to post vacancies to sites like Craigslist, Rental.com and Apartments.com using the information already in your system. All you have to do is click a few buttons, and the listing is posted to half a dozen places, helping you fill vacancies faster with much less work.

Point2 Property Manager Listing Feature

This is an example of Point2 Property Manager's listing feature.

Integrated Web and Marketing Tools. Many products include tools that help managers build websites that showcase and market their properties. More integrated systems may include search engine optimization (SEO) tools to help build traffic to your site--and your listings. These tools can include analytics features that allow you to identify traffic sources and dashboards that help measure the impact of your marketing efforts.

Advice from Our Advisors

Who are Our Advisors?

Our team of 30 advisors have reviewed over 1,340 software systems and helped 216,554 companies choose the right software. This dedicated team of unbiased experts can help you determine which software is right for your business, and fulfill your requests for software pricing, demonstrations and market research.

Need some help?

Get expert advice from one of our software advisors: (888) 918-2747

Who is Software Advice?

Software Advice is a trusted resource for software buyers. Our website provides detailed reviews, comparisons and research to help organizations choose the right software. Meanwhile, the company's team of software advisors provide free telephone consultations to help each software buyer identify systems that best fit their needs.

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How it Works

Software Advice matches software buyers with vendors that can meet their needs.

We're able to offer this service to buyers for free, because software vendors pay us on a "pay-per-lead" basis. Buyers get great advice. Sellers get great referrals.

Get expert advice from one of our software advisors:
(888) 918-2747

Software Advice matches software buyers with vendors that can meet their needs.

We're able to offer this service to buyers for free, because software vendors pay us on a "pay-per-lead" basis. Buyers get great advice. Sellers get great referrals.

Get expert advice from one of our software advisors:
(888) 918-2747

Software Advice matches software buyers with vendors that can meet their needs.

We're able to offer this service to buyers for free, because software vendors pay us on a "pay-per-lead" basis. Buyers get great advice. Sellers get great referrals.

Get expert advice from one of our software advisors:
(888) 918-2747
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