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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ARGUS by Altus Group is a suite of software solutions used to value and manage the performance of real estate assets, and use in-depth insights into the real estate portfolio to make decisions, with out-of-the-box reporting to suit investors' needs.
Property Matrix is the software that gives property managers and landlords the tools they need to run their business in the cloud. It includes mobile apps, portals, banking integration, online payments, and marketing services. Tenants can sign their leases online and pay their rent…
Yardi Breeze is a real estate property management software solution, from Yardi headquartered in Santa Barbara. The solution is designed to enable users to administer all elements of managing commercial, residential, multi-family / low income, and association properties, and also…
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zipLogix, headquartered in Fraser, ofers xipForm Plus, a transaction management application for real estate professionals and brokers.
According to the vendor, Chime is an all in one CRM solution suite. Chime aims to help users generate more leads, cultivate relationships with their customers, and encourage leads to close. Chime provides team management features, lead and customer management, and content management…
The RealPage Investment Management supplies tools manage a portfolio of real estate assets, including financing and investment accounting, rich reporting features, and sharing for investors and partners.
ManageGo is the eponymous all-inclusive property management software from the company of the same name in Brooklyn, designed to help users manage properties, residents, and a real estate business.
Property Management Software for those who Let and Manage. The solution boasts efficient workflows to help users stay on top of lettings and property management operations from start to finish.
Oownee Property Management Software is an a platform designed to simplify and streamline the daily tasks of property managers. The cloud-based solution offers features such as accounting and financial reporting, maintenance management, tenant and lease management, vendor management,…
A CRM solution by the French company RL322, adapted to the specificities of multi-family housing, supporting activities from prospecting to finalizing the sales file. It centralizes administrative and customer outreach activities, and the interaction between the company's various…
Guesty’s property management software provides property managers and management companies with an end-to-end solution to simplify the complex operational needs of short term rentals. With Guesty, users can manage listings from multiple online travel agencies including Airbnb, Booking.…
Lodgify is a SaaS company focused on building vacation rental software that enables property owners and managers to independently manage and market their business online headquartered in Barcelona. Lodgify’s core property management software for vacation rentals is used to manage…
Founded in 2016, Hospitable supports short-term hosting, boasting users among over 9,500 customers. Hospitable’s tools allow hosts to automate the most time-consuming elements of hosting, and their content and community educate investors on how to grow their short-term rental returns.…
ManageAmerica is an end-to-end online property management, utility billing, and accounts receivable system that’s presented as ideal for owners and operators of all sizes. Its systems are designed to work seamlessly together, enabling users to efficiently manage all aspects of the…
Rentastic is a software solution designed to help real estate investors track their rental property expenses, providing tools to keep track of all income and expenses for a real estate portfolio.
Elliot is a CRE property management solution used to enhance tenant and property team touchpoint across a portfolio. With one central platform for all facility management, tenant experience, leasing and reporting, Elliot is designed to reduce the need for additional software.
SimplifyEm headquartered in Fremont develops property management software and property management tools for property management companies, property managers, landlords and tenants. Its property management software is a web-based property management solution to help small and mid-…
Colleen is an AI platform that generates insights out of real-estate financial data to enable a predictable and comprehensive bottom line. These insights support the property managers of multifamily buildings. The Colleen platform operates behind the scenes through an integration…
PointCentral, an Alarm.com company, provides rental property automation for multifamily and short-term rental properties, allowing property managers to streamline operations and protect assets. They offer a scalable access control solution for long-term and short-term rental communities,…
From setting up your accounting flows to optimizing the user's software, Proper (Proper Technologies headdquartered in San Francisco) specializes in accounting services for property management create a strong control environment to help ensure quality and efficiency. Proper helps…
Visitt is a property operating system that connects teams, tenants, and tech stacks together in a set of collaboration, automation and data insight tools. CRE & Multifamily operators can use Visitt to automate building operations and connect onsite teams, tenants & vendors to improve…
The Concerto property asset and project management software suite provides web based, off-the-shelf solutions for asset, project and facilities management.
Renter Insight is a Property Management Software Platform for small and mid-size owners. The solution includes Accounting, Rent Payments with auto late fees, Resident Screening, Maintenance Requests, Resident Portals, Communication Platform, and Renters Insurance.
Built on the Salesforce platform, is a CRM for downtown city districts, District360 brings property, business, and stakeholder information into one system giving teams a 360-degree view of all operations in a district. With its particular focus, District360 also includes property…
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.