Finding software can be overwhelming. Software Advice has helped thousands of property managers choose the right property management software so they can track tenants and payments.
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Buildium’s all-in-one property management software helps property managers streamline daily tasks in the rent, vacancy, and maintenance cycles. Over 13,000 customers use Buildium to manage over one million units. Read more
Platforms: MacWinLinux
Deployments: Cloud, On premise
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SimplifyEm Property Management Software
SimplifyEm is a property management software designed to meet the requirements of small and mid-sized landlords and property managers. The web-based solution offers features like property accounting, tenant management, lease tracking,... Read more
Platforms: MacWinLinux
Deployments: Cloud, On premise
Business Size:
Rentec Direct serves as a web-based, full-featured management system for landlords and property managers that is designed to suit the needs of those managing properties between 25 and 5,000 units. Rentec has no startup fees, no term... Read more
Platforms: MacWinLinux
Deployments: Cloud, On premise
Business Size:
AppFolio provides property management software that allows apartment, residential, commercial, student housing and community association property managers to market, automate and manage their business. The mobile, all-in-one solution... Read more
Platforms: MacWinLinux
Deployments: Cloud, On premise
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Hemlane is a cloud-based property management solution that caters to small businesses. The key features of the solution include property marketing, applicant screening, lease tracking, rent collection and maintenance coordination. Hemlane... Read more
Platforms: MacWinLinux
Deployments: Cloud, On premise
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Yardi Breeze Property Management
Yardi Breeze is property management software built exclusively for small to mid-size businesses. Yardi Breeze offers features such as autocomplete address lookups, data import utility, home screen dashboard, drill-down reporting and... Read more
Platforms: MacWinLinux
Deployments: Cloud, On premise
Business Size:
Propertyware is a cloud-based, end-to-end property management software that helps property managers and operators scale their businesses with several different property types, including mixed portfolios. Propertyware’s platform... Read more
Platforms: MacWinLinux
Deployments: Cloud, On premise
Business Size:
Infor Property Management helps users manage residential, commercial, Student housing, affordable and senior care/ assisted living properties. The solution delivers financial, operational and business intelligence capabilities specifically... Read more
Platforms: MacWinLinux
Deployments: Cloud, On premise
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SKYLINE from SS&C Technologies is a web-based property management and accounting solution suitable for small to midsize real-estate firms. Designed to handle an array or key operations, SKYLINE is capable of offering integrated tools... Read more
Platforms: Win
Deployments: Cloud, On premise
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MRI Commercial Management is built for commercial property managers. It offers real-time, actionable data which can be used to manage assets, all from the secure Alloy platform. Commercial Management (CM) clients include managers of... Read more
Platforms: MacWinLinux
Deployments: Cloud, On premise
Business Size:
Rent Manager is a software system for both residential and commercial real estate companies. The financial accounting component of Rent Manager has full integration and includes standard functionality such as a general ledger with... Read more
Platforms: MacWinLinux
Deployments: Cloud, On premise
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Rentroom is a free property management tool designed to streamline the day-to-day responsibilities of managers and landlords while simultaneously providing tenants with a convenient and unique experience with its community features.... Read more
Platforms: MacWinLinux
Deployments: Cloud, On premise
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Property Boulevard is a property management system designed for commercial and residential property portfolios. The system has management and accounting capabilities and provides access to multiple network users. The software offers... Read more
Platforms: MacWinLinux
Deployments: Cloud, On premise
Business Size:
ResMan is a cloud-based property management suite best suited for large and midsize companies in the multi-family industry. Key features include rent, leasing and budget management, portfolio management and lead management. The ResMan... Read more
Platforms: MacWinLinux
Deployments: Cloud, On premise
Business Size:
PropertyVista is a cloud-based property management solution that helps real estate and property management firms to track functions related to their properties which include advertising rental properties, gaining new tenants, collecting... Read more
Platforms: MacWinLinux
Deployments: Cloud, On premise
Business Size:
Multisite Systems is a cloud-based affordable housing property management solution that helps property management organizations manage properties with multiple layers of tax credits. Features include portfolio management, maintenance... Read more
Platforms: MacWinLinux
Deployments: Cloud, On premise
Business Size:
iRent is a cloud-based property management solution for small and midsize property managers. Key features include tenant management, billing and financial management, role-based system access and work order management. iRent includes... Read more
Platforms: MacWinLinux
Deployments: Cloud, On premise
Business Size:
Budgetrac is a cloud-based, comprehensive property management and accounting solution suitable for commercial properties such as industrial, office and retail. Budgetrac shares real-time information across organizations through role-based... Read more
Platforms: MacWinLinux
Deployments: Cloud, On premise
Business Size:
Innago Tenant and Property Management
Innago offers a cloud-based property management platform for landlords with small to midsize property portfolios. With Innago, users can collect rent, manage leases, collect signatures and manage tenants. Landlords can collect rent... Read more
Platforms: MacWinLinux
Deployments: Cloud, On premise
Business Size:
PayProp is a cloud-based property management solution designed to help property managers to collect, match and reconcile rental payments for their properties. Key features include payment automation, audit logging, arrears management... Read more
Platforms: MacWinLinux
Deployments: Cloud, On premise
Business Size:
What Is Property Management Software?
Property management software helps landlords and real estate professionals track leases, residents and maintenance tasks, as well as collect rent and manage finances to reduce costs and streamline operations.
Benefits of Property Management Software
Property management software applications can lead to several key benefits, including:
- Tenant and lease tracking. Helps managers perform two important functions: keep track of tenant details, such as rent payments or contact information, and lease dates. Lease tracking can also automate the leasing process from prospect to move-out.
- Maintenance management. It's critical that property managers keep buildings and utilities in operating condition so tenants find value and comfort in their homes. With this application, residents can submit work orders and managers can assign work and track schedules so that important maintenance tasks are completed in a timely fashion.
- Accounting. Assists with tracking rent payments, includes a general ledger and can generate reports to visualize the financial health of your properties.
- Tenant portal. An online portal allows your tenants to pay rent, make maintenance requests and communicate with landlords at any time. This portal can also send alerts and notifications about upcoming rent dates or important messages from managers to residents.
Competitive Advantages of Using Property Management Software
Whether you manage a single apartment complex or dozens of commercial facilities, property management software can provide the functionality needed to handle daily tasks, letting you focus on your business in other ways:
- Grow your business. Automation gained from software allows property managers to spend more time marketing their properties and managing applicants to find the best residents or renters. Marketing tools give you the ability to quickly post vacancies to various sites, like Craigslist or Apartments.com, with just a few clicks.
- Offer increased convenience. With an online tenant portal, residents can pay rent any time of day, which adds convenience for them and makes collecting rent easier for you. In addition, a portal opens a line of communication among tenants and office and maintenance staff, so everyone can be quickly notified about important announcements.
- Gain financial oversight. Reporting and analytics tools help you gather your financial, tenant or marketing data to identify trends that could be harming your business or opportunities to make improvements.
Business Sizes Using Property Management Software
Property managers have different requirements based on their portfolio size and type. Modern software offers functionality to help any type:
- Single and multi-family buyers. Perhaps the most common type of property management, these buyers enjoy a wide selection of systems that help manage apartments, condos or houses, including core functionality of accounting and tenant tracking along with portals and vacancy marketing.
- Niche-segment buyers. While most property management systems feature the same core functions, many focus on certain property segments:
- HOA management software offers additional features to track meeting minutes, bylaws and elections necessary to operate an association.
- Affordable housing software includes functionality to manage funding programs, track compliance and generate audit reports.
- Vacation rental property software focuses on online booking management and marketing features to give owners a wider reach for potential renters.</