Real Estate Property Management Software
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monday.com Work OS is an open platform designed so that anyone can create the tools they need to run all aspects of their work. It includes ready-made templates or the ability to customize any work solution ranging from sales pipelines to marketing campaigns, CRMs, and project tracking.…
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CompStak Enterprise aims to deliver comprehensive commercial real estate data to lenders, asset managers, private equity investors, portfolio managers, CMBS investors, and other CRE professionals. Boasting dozens of hard-to-find details such as starting rent, escalations, NOI, and…
OJO Labs headquartered in Austin aims to empower people to make better decisions through the fusion of machine and human intelligence. They state their flagship tool OJO provides agents and brokers the ability to be connected with home buyers when they are ready to move forward through…
Concierge Plus is a property management platform from the company of the same name in Miami, designed to make life easier for property managers and security companies by increasing efficiencies, improving resident service, and automating administrative processes so your condo or…
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FUSION OBJECTS PROPERTIFY CLOUD offers Cloud based End-to-End, Fully Integrated, Automated software solution for Residential & Commercial property management; designed to empower users with everything needed to manage any kind of property. PROPERTIFY comes in 3 different editions.…
Lane is workplace experience platform, now from VTS (acquired November 2021). Lane is built to transform and connect the workplace with no-code enterprise software streamlines day-to-day office life—from room bookings and access management, to communications and commerce, to events,…
myCiti is a Technology Company Providing a Common Unified Software Platform for Managing any Commercial or Residential Society. The solution includes Software, Hardware & Services. The vendor states they strive to Digitize, Automize & Simplify all the Society Management…
![TOPS [ONE]](https://media.trustradius.com/vendor-logos/vI/cb/C9MDR90EXR8A-180x180.JPEG)
TOPS Software in Clearwater, Florida offers their association management software, TOPS [ONE], specifically oriented towards making HOAs and condominiums easier to manage financially with process automation and detailed reports at the core of the offering.
SmartZip in Pleasanton offers their real estate marketing platform SmartTargeting, including CheckIn, a smart analytics-based CRM for targeted outreach, the included Sphere predictive analytics module with customer segmentation for online advertising management (e.g. Facebook ads)…
Internet Brands company SatisFacts supports multi-family residential properties owners and entities with customer research, rating and review requests, and reputation management.
RentALL script is an Airbnb clone script used to create a rental sharing platform, marketplaces, sharing economy websites. It aims to help entrepreneurs start vacation rental, event venue sharing businesses in an easy way. It's a readymade business script which the vendor promises…
Yuhu is a cloud-based software for property managers & landlords. The vendor promises to improve the tenants experience in residential and commercial buildings while driving cost savings and efficiencies. The vendor offers an open API and a hands on on-boarding processes.
iGMS is vacation rental software that automates daily hosting tasks & management. It controls all OTA accounts like Airbnb, Booking.com, & Vrbo from one multi-calendar, and includes a website builder to help grow direct bookings. Additionally it features automation for guest…
The Prompto sales enablement platform is designed to bridge the gap between sales and marketing by centralising all content in one place and distributing it through interactive content, ensuring internal and external sales teams tell the same story with the right content.The vendor…
Property Flow is a seed funded PropTech startup based in Thailand and Singapore focusing on digitizing the real-estate industry through innovative software solutions and technology platforms. Property Flow is a SAAS platform providing a wide range of solutions for real-estate agents,…
Hank, a Jll company since the January 2022 acquisition, is a a virtual, autonomous engineering platform powered by artificial intelligence (AI) that optimizes the management systems of commercial buildings.
Fairwalter is a property management software (SaaS) for landlords & small property management firms. Fairwalter conceptualizes property management as several nested and recurring processes, digitizing & automating where possible, while aiming to offer the user relevant options…
RAY is a property & tenant management platform that offers a variety of tools to help property, facility, and community managers with their day to day operations. RAY works for both, residential and commercial markets.
DeltaNet is an all-in-one website and digital marketing platform designed for real estate professionals, from Delta Media Group in Canton.
Market Maker aims to make predictable closings for real estate agents a reality with one system that will generate real estate leads, nurture those in a way that builds an agent’s authority and status in the mind of those leads and ultimately deliver those leads as prepositioned…
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Designed exclusively for the multifamily (apartment) industry to automate classified advertising, PostEngine by Rooof provides software that fully automates ad creation, posting, renewal and price updating of classified apartment ads. Some of The Benefits: - Work smarter: Automation…
The vendor states users can sell homes faster & at higher prices with Styldod's virtual staging solutions. Trusted by realtors & real estate photographers, boasting a 100% money-back guarantee.
Tikkit aims to help building managers streamline operations with issue and work order management capabilities. Building managers are faced with a constant stream of problems to troubleshoot. Most face a daily battle with getting stopped in the hall and a flood of emails and calls…
London-based Imprima offers Imprima ALM, an asset lifecycle management application for real estate managers and private equity companies, dedicated to providing a single data base to manage property and contract lease data, and collaboration features with an emphasis on security…
Learn More About Real Estate Property Management Software
What is Real Estate Property Management Software?
Real Estate Property Management Software is designed to help property owners and real estate professionals manage and maintain residential, commercial and investment rental properties. These activities include:
managing and tracking leases
filling vacancies
providing a resident portal
managing maintenance tasks
logging repairs
collecting rent
managing physical assets
overseeing other property finances
Implementation of software-as-a-service (SaaS) property management software can help manage and track all of these tasks from a cloud-based platform, which can be easily accessed from anywhere with an internet connection. This is especially beneficial for professional property managers who need to manage multiple property locations and assets from a single platform. However, there are also on-premise versions of some property management software available as well.
Some vendors offer specific capabilities to manage multi-family, student living, senior living, in addition to commercial and residential properties. Others may offer third-party integrations that integrate renters insurance or inspection information into the software.
Real Estate Property Management Software Features
Most property management software will provide the following features and capabilities:
Online application portal
Tenant screening
Lease agreements
Vacancy postings
Rent collection and delinquency tracking
Maintenance requests and cycle management
Communication tools with tenant or owner
Owner/administrator and tenant portal
Document storage for leases, insurance, eviction notices, and more
Reporting dashboard
Insurance management
Accounting tools
Marketing capabilities
Real Estate Property Management Software Comparison
Before choosing a real estate property management platform to invest in, consider these three key factors:
Price: are you looking for a platform that charges a lower price per unit but may not have advanced features, or a more high-end platform? Per unit prices can range from $1/unit to $5/unit. Other platforms may charge a monthly or annual fee instead of using a per-unit cost structure. Depending on the product, there may be additional costs to consider as well. For example, along with the subscription cost or one time fee you may need to pay upgrade fees, bank account set up fees, document eSignature fees, etc. Establishing a budget is an important first step to take, especially if you own or manage a large property with multiple hundreds of units.
Deployment type: are you looking for a completely cloud-based platform, or an on-premise deployment that provides complete control and access over user data and information? Two main benefits of using cloud-based software are the ease of set up, lower cost subscription pricing, not needing to maintain the software system yourself, and the ability to log in from anywhere with an internet connection. On the other hand, on-premise deployments mean users can store data locally and may have more freedom in terms of customizing the platform to their business needs.
Available integrations: do the real estate property management products you're considering integrate well with the other business tools you’re already using? For example, if you’re using a separate accounting, content management system (CMS), customer relationship management (CRM), or payment gateways—make sure your property management solution will integrate with these systems.
Pricing Information
Specific pricing models vary by company. Some charge per rental unit managed per month. For platforms that have this pricing structure, the cost per unit can range from $1/unit to $4/unit. Other vendors charge based on the number of modules needed (online payments, electronic leases, tenant screening, etc.). You can expect to pay $10 to $35 per month for the most basic solution. More comprehensive solutions will cost between $60 and $2,000+ per month, depending on the number of units managed.
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Frequently Asked Questions
What does property management software do?
This type of software helps property administrators and owners, as well as real estate professionals manage commercial and residential properties. For example, many apartment complex owners and managers use property management platforms to help manage individual units and tenants.
Real estate property management platforms help users with various management activities and tasks, which include tracking leases, filing vacancies, providing tenants with a resident portal, tracking and assigning maintenance requests, and storing important documents (e.g. lease contracts, eviction notices, etc.).
What are the benefits of using real estate property management software?
Some of the biggest benefits of using real estate property management software are organization, streamlined communication, and document storage.
For example, property management systems can help administrators and managers be alerted of new maintenance requests right away (for cloud-based platforms) and track their progress. Rather than keeping critical documents in physical storage, like filing cabinets, most property management products allow users to store files within the platform.
What is the best property management software?
According to feedback from end users on TrustRadius, these are the highest rated and most researched real estate property management software products:
- Yardi Voyager
- Archibus (ARCHIBUS + Serraview)
- AppFolio
- Buildium
- Dotloop
- VTS
- kvCORE
- Brokermint
- Condo Control Central
- CoStar Real Estate Manager
- Entrata
Read more about this type of software and the other products available on TrustRadius’ Real Estate Property Management software page.
How much does real estate property management software cost?
Most property management software charges per unit per month. Prices can range from $1 per unit up to a few dollars per unit, depending on the number and depth of platform features required. For more basic systems, users should expect to pay between $10-$30 per month, though this can vary depending on the number of units within the property.
More comprehensive platforms can be more expensive, costing anywhere from $100 per month to multiple hundreds of dollars per month.