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:
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.