Property Matrix is a cloud-based property management solution geared towards apartment complexes and multi-family unit properties. It offers a full suite of applications for managing multiple properties: tenant and lease tracking, property accounting, building maintenance, CRM and online classifieds.
Users can filter for vacancies or specific units, create invoices and check on maintenance requests - all while saving time and staying organized. The Owners Portal houses everything that owners need to monitor and manage their property.
The software comes with an accounting package including a general ledger, accounts payable, accounts receivable and a detailed transactional history.
Property Matrix also includes a maintenance module. Once a new incident is reported, it’s routed to the maintenance panel so someone can be assigned to handle the request—this can even include outside vendors. Everyone in the company has access to this, making it a collaborative effort.
Davis from Managing Properties
Specialty: Apartments / Multi-family
Since Property Management Software developers entice prospective clients by guaranteeing, among other things, reducing paperwork, I was very curious to see what Property Matrix has to offer in terms of checks. Would the software help me get rid of my stack of checks? Would it provide a system of check record-keeping or would I still have to keep files of check copies?
Fortunately, and rather interestingly, Property Matrix came with a new twist to check handling. Instead of just keeping the records of check serial numbers (like most other property management software types, Property Matrix allows you to scan (through a check scanner of course) and attribute the payments to the respective tenants. That way, I conveniently record all the details and clear my respective tenants’ invoices as banks proceed to process the individual checks. In case I need to look up past check payments, all I need to do is search for the tenant’s details and retrieve the scanned image of the check.
I especially love the fact that the Check Scanning feature saves me trips that I would take to the bank to submit individual checks, since payments are immediately deposited in my account immediately I click ‘Submit’.
Ughhhmm....So far, sooo good! I'm yet to come across anything that annoys me.
If you have any difficulties, forget doing the hard work and contact the support team. I love their timely responses and friendliness
Debbie from Debbie Dey
Specialty: Mixed Portfolio
Property Matrix has developed property management software that incorporates all the power of a highly technical accounting software with the conveniences of state-of-the-art check scanning capabilities. For years, I've struggled with the physical demands of check processing - receipt, delivery, recording and processing. Now I'm able to simplify all of these steps into just one encrypted scan - saving me a significant amount of time and money. The integrated system not only lets me scan and process checks directly to bank accounts, it intuitively transfers all pertinent information from the check to the customer file – no more retyping; saving more time and potential errors.
I'm very satisfied with every aspect of this property management software.
I would suggest other property managers request a demonstration. The Property Matrix team is very knowledgeable about the needs of large and small property management companies. The software comes with built-in customization. Let the support team show you how easily you can integrate all your systems into one powerful, cloud-based program. I highly recommend Property Matrix software for all property managers.
Lori from Nevarez-Smith Investments LLC
Specialty: Mixed Portfolio
My business partner and I have ventured into purchasing rental properties in different states over the past couple of years. As owners of multiple properties in different states, we also act as the property managers for our properties. When selecting a property management/accounting system, we wished for a system and its organization to work with us in designing a flexible system which would accommodate our needs. We researched four different systems and selected Property Matrix, because the system is very user-friendly and works well as a property management, accounting and maintenance system.
We have no complaints about the software or the vendor so far!
Make sure to go with a software that has a free trial so you can compare them like we did. Then you will see how much Property Matrix stands out above the rest.