7 Best Property Management Software (2024)

What is the best property management software?

Here is my pick of the best property management software on the market today.

1. TurboTenant.

Best solution to manage your property in the easiest way possible

TurboTenant is a highly targeted and easy to use tool that allows landlords to post their rental properties on multiple listing sites.

Post your rental instantly on dozens of websites like Facebook Marketplace, Rent.com, and more. They claim that on average, TurboTenant owners get 22 leads for each property they list.

A robust online application process allows renters to apply from the comfort of their couch. You get a credit check for a tenant immediately after they request it. This gives you all the information you need to make an informed decision on the spot.

No more waiting for the tenant to complete credit checks after you've approved them.

TurboTenant also allows tenants to pay online and submit maintenance requests, all in one convenient location.

Get payment histories, electronic signatures, and notifications sent instantly to your phone or computer when important events happen.

There's no better time to use TurboTenant than right now - their starter plan is completely free.

Features

• Manage your property online - TurboTenant is the only all-in-one property management software that allows you to manage your rental property from start to finish online so you can manage everything in one place.
• Tenant Screening and Credit Reports - Get a tenant screening report, and you can rent to a tenant knowing they'll pay. Additionally, tenant credit reports are completely free for landlords.
• Easy to use - Managing your rental property has never been easier. Their intuitive design allows you to easily search for new tenants, collect rent payments online, send notifications and reminders, and much more.
• Rental application process - They manage your rental application and tenant selection process, allowing you to rent to a qualified tenant in just a few minutes.

Pricing

This tool is ideal for homeowners because it's free, easy to use, and you can manage your property from start to finish online.

However, some optional services are offered to owners, as follows:

• LawDepot state-specific leases: $29
• Add multiple documents and signers: 9
• Form pack: 32 of the most useful forms for homeowners: $99

On the other hand, tenants must pay as follows:

• Credit report and criminal report: 35
• Credit, Criminal, and Deportation Report: $45.
• Credit/debit card: 3.49%
• Tenant insurance: Optional purchase through SURE: Starting at $8 per month

2. AppFolio.

Better way to use a single platform to modernize your business.

The team ofAppfolio knows that business leaders live and die by the success of their relationships with customers, suppliers, employees, partners, and investors.

These relationships can be difficult to manage when you have a business to manage or if you are just starting out on your own.

The good project management software tool will help you manage everything from real estate projects to salaries, and that's where Appfolio comes in. AppFolio, Xero's intelligent business management platform, helps you better understand the signals that matter so you can make informed decisions.

You'll be able to work smarter and focus on what matters: growing your business.

AppFolio was created for residential real estate professionals. It helps you manage your entire portfolio (even if it's a large portfolio), from marketing to leasing to maintenance and financial reporting.

With AppFolio, you can create a beautiful website that showcases all of your properties, collect rent online, manage resident payments, and more, all on an easy-to-use platform.

Features

• Outstanding service: Concerned about your success and satisfaction, the customer service team is available 24 hours a day, 7 days a week, ready to answer all your questions.
• Powerful workflows: Digitize, streamline, and automate your property management software with flexible tools and advanced AI. Thanks to this workflow management software, they serve more than 5 million American units, offering their customers connections that are unparalleled in the industry.
• Dynamic technology: The platform is designed for stability, scalability, and innovation. It is constantly improved through automatic updates to ensure you have the best technology possible.
• Powerful workflows: Digitize, streamline, and automate your property management software with flexible tools and advanced AI.

Pricing

With pricing options for residential properties, homeowner associations, and commercial properties, Appfolio has something for everyone.

For residential properties, the basic rate plan starts at $1.40 per unit per month, while the Plus rate plan starts at $3 per unit per month.

Community association pricing options start at $0.8 per unit per month.

Finally, the basic commercial plan starts at $1.50 per unit per month, while the plus plan starts at $3 per unit per month.

3. Propertyware.

Best solution for those looking for a powerful, customizable, and open real estate management platform.

Propertyware is the most powerful, customizable, and open platform designed for performance-conscious single-family and multi-family property management companies.

You decide what information you want to see, where, and how. You control the display of information and management functions so that you can easily access what is important to you.

Propertyware gives you the ability to customize and create your bespoke reports using their powerful reporting engine, which can be used or distributed to display information the way you need it.

The owner portal is a secure and customizable web solution that allows owners to consult information related to their home, payments made, online rental requests, etc.

Unlike many property management software platforms, Propertyware adapts to the growth of your business without any limits and can easily manage hundreds of thousands of units.

Propertyware has integrated multiple third-party providers to streamline your business processes such as payment processing, virtual tours, CRMs, and integrates seamlessly with Propertyware.

Features

• Propertyware is the only software that combines all your real estate data into a single easily accessible system. With a simple and intuitive interface, you can quickly search for properties and view the right details in seconds.
• You can also manage the tasks of your entire team from anywhere using their mobile application.
• Industry best practice training, implementation, and real-time product hotlines are provided by internal industry experts, accessible and responsive.
• Improve your time management skills while reducing costs thanks to their cloud technology. It is available 24 hours a day, 7 days a week and immediately accessible from any location with an Internet connection.
• You can manage your properties on the go through their mobile app for iOS and Android devices, so you never miss an important deadline or communication with tenants.
• Simplify and secure rental and payment processes with integration partners, including accounting software, financial services, payment services, mortgage services, local government agencies, and more.

Pricing

With three different pricing structures, you're sure to find the best plan for your specific needs.

The basic plan starts at $1 per unit per month, while the Plus plan (which is the most popular) starts at $1.50 per unit per month. The premium plan starts at $2 per unit per month.

All of these plans include a variety of features, including personalization and reporting, marketing, unlimited online training, and other key features.

4. TenantCloud.

Best for finding the right tenants for your property and group payments online

TenantCloud is a real estate management software with functions for collecting online rents, listing vacancies, and selecting tenants.

TenantCloud helps you collect online payments after selecting tenants who apply to your available unit listings.

TenantCloud offers a list of rentals online that tenants can view and book. If set up this way, TenantCloud automatically increases the tenant's rent each month at renewal time, so you don't need to worry about it.

Tenants can pay their rent online, which means the rent is collected on the due date or any other day of your choosing. Additionally, TenantCloud provides a detailed report of tenant history and rent payments.

TenantCloud can collect rent payments in multiple currencies. You can have your tenants pay what you want, even if it's a currency that's different from the country's official currency.

Additionally, TenantCloud offers tenant and background checks for all rental candidates. This also includes credit reports, so you can be sure you're seeing the whole picture.

With its ease of use, its free payment service by TC, and its excellent customer support, Tenantcloud is one of the best property management software to find the right tenants and collect their payments at a really great price.

Features

TenantCloud gives you all the information about your candidates:

• Accept or refuse tenants directly from your dashboard based on their application.
• You can also conduct a background check with the Tenant Clouds Background Reports feature, which provides more information about your tenant's financial history and criminal record.
• With TenantCloud's Custom Properties feature, you can also tag your properties with custom fields. This is especially useful for more complex rental properties, like apartments that have something that is more personalized.
• TenantCloud's online rent collection and accounting features eliminate the need to manage paper checks.
• Your tenants can pay you online quickly and easily; they can pay the rent with a credit card, debit card, or bank account and you get paid instantly.
• Manage your business from anywhere and on any device with the features of TenantCloud online property management software.

Pricing

TenantCloud offers various pricing plans to meet your needs.

The free plan gives you everything you need: lists, a planning software, candidate exams, etc.

Then there's the starter plan, which, at $12 per month, gives you everything in the free plan, plus a few other perks, including premium tracks and more.

Next is the growth plan, which costs $40 per month. It gives you everything from previous plans, plus your own distribution management tools on the owner's portal, tenant management, and much more.

Finally, if you are a business, you can have a personalized plan that comes with its own personalized pricing. In that case, contact TenantCloud for more information.

5. HUSBAND.

Best solution for managing residential and commercial properties

MRI Software is a suite of products offering a comprehensive, integrated set of solutions for commercial real estate owners, operators, and investors.

It is a web-based software solution that allows property managers to effectively manage all aspects of the tenant lifecycle, from lease management administration to financial reporting.

From initial verification to renewal, it is a powerful tool that ensures compliance with federal law and streamlines operations.

In addition, it gives you the opportunity to assess rental risk in a user-friendly dashboard.

By streamlining operations and improving tenant retention through a comprehensive range of integrated property management solutions, you can use this software for its attention to detail that allows you to organize data in the way that works best for you.

With MRI software, you'll be able to manage rentals and revenues for all of your properties from one place, while attracting good tenants through an interactive and informative website.

Such a website may present a description of the property, floor plans, virtual tours, relevant amenities, etc.

By being able to conduct evaluations ahead of time and having the ability to perform the appropriate checks to ensure the right tenant arrives, you can screen potential tenants using a variety of factors.

These include credit reports, criminal background checks, and more than 600 other pieces of information that are accessible at the touch of a button.

Maximize the percentage of leases signed with features that allow you to create lease agreements from templates with customizable pages, including move-in and moving forms, cover pages, a security deposit information page, a candidate demographics form, and more.

You'll also have the option of collecting rent online using a credit or debit card and maintaining accurate records for landlord reporting and tax purposes.

Features

• Manage all tenant communications using a feature-rich platform so you can communicate using a variety of methods that work for you.
• Manage and optimize budgeting and accounting so you can make decisions based on real-time data.
• Reduce tenant turnover with a feature-rich platform that helps you create rental contracts based on templates, customize your landing page, and gather advance information for reviews.
• Conduct evaluations for approved applications to help you maintain profitability by avoiding bad tenants.

Pricing

As for the price of this product, you will need to contact the company to request a quote.

If you want to learn more about commercial real estate, check out my article ranking the best loans and rates for commercial real estate.

6. Buildium.

Best solution for those who want to do more than just manage their property.

Buildium is the property management software that does more than manage properties. With Buildium's mobile app, you can take whatever action is needed no matter where you are.

And with their new Resident Portal feature, residents can pay rent online or submit work orders directly from their phone or tablet — making your work even easier.

By streamlining operations and improving tenant retention through a comprehensive range of integrated property management solutions, Buildium is the best property management software for commercial real estate owners and investors.

Using Buildium's platform, you can select potential tenants online, collect rent on your terms, and generate detailed financial reports at the push of a button. To succeed in real estate, you always need to be in control and Buildium helps you do that.

By allowing you to talk to renters, sellers, and landlords directly from your phone or tablet, you can stay on top of everything.

Features

• Screening tools help you find the best tenants, which means you can quickly and easily give your approval to all the right people.
• Communicate with everyone from one place. Send messages quickly and easily to connect and stay up to date with your residents, vendors, and landlords.
• Buildium is built specifically to meet the needs of each community association manager by providing them with a property management system (PMS) that helps them manage all aspects of association management.
• These aspects include the governance of the unit/association, regulations, rules, conventions, ad hoc committees that help manage the property/community.
• Find better tenants through comprehensive screening and applications, collecting all the necessary information from the start.

Pricing

This software comes with three different packages that you can choose from. All packages are designed taking into account the client's real estate management needs.

You can choose between three plans, with the Essential package starting at $50 per month. It allows you to automate the daily operation of your business from a central platform.

The next plan is the growth package, which starts at $160 per month, giving you all the essentials plus a few other useful features to grow your business.

Finally, there's the Premium version, which starts at $460 per month and gives you everything you need to take your business to the next level.

7. Available

Better way to find, select, and keep long-term tenants

Avail is an excellent cloud-based rental management platform for landlords. The company's mission is to help renters find better places to live and to help homeowners grow their business.

Avail is one of the best ways to find, select, and manage tenants. It's easy to get started, and you can be up and running in minutes.

Avail offers a comprehensive suite of tools for do-it-yourself homeowners, including rental applications, credit reports, background checks, and digital leases, making it easier than ever to find the right tenants.

This product allows you to do everything from selecting tenants to managing rent payments. With Avail, you can also generate reports so you can have all your details in one place.

Whether selecting and approving new candidates or paying existing residents, Avail makes this process extremely easy and hassle-free for everyone involved.

Landlords can find the ideal tenant more quickly by using their free rental listing service to put their property online.

They also provide a comprehensive set of screening tools that allow you to review candidate credit reports and background checks online at your convenience.

They even offer digital leases and automatic rent deposits so you can manage your investment from anywhere in the world.

Your new rental property can be set up and managed in minutes. Their user-friendly software allows you to create leases, send automatic rent deposits, and even collect online payments—all from your smartphone.

Features

• Don't waste time with complicated spreadsheets and Word documents. Their application is the easiest way to manage your rental property.
• They'll post your listing on the web, so you can focus on what matters most: good renters. Publish your property on the main rental listing sites in just a few minutes.
• Schedule viewings, ask pre-screening questions, and even request rental requests directly from the app.
• Create a rental listing using their step-by-step guide. Then, leads from potential tenants come directly to your inbox and dashboard.

Pricing

The pricing model for this site is very easy to understand, with only two plans available.

There is an unlimited plan that offers free property management software for an unlimited number of units. This plan gives you additional features like syndicated lists, online rent payment, credit and criminal background checks, and other factors.

If you want more features, the unlimited plus plan at $5 per month will allow you to benefit from more advanced features such as next-day payments, custom applications, the elimination of ACH fees, etc.

FAQs

What software is used in real estate management?

The answer will depend on the type of property management you are looking for.

For example, if you manage a rental apartment building or a commercial real estate portfolio, the software will need to replace purchase and sales record systems, maintenance records, and accounting systems.

This will allow you to manage the entire business in one place rather than having multiple applications on your computer or on cloud services.

Additionally, some programs offer additional features, such as market analysis and trade tracking.

If these are the features you're looking for, the best option would be to use cloud-based software that provides a mobile application to access all the information you need.

How much does real estate management software cost?

Property management systems can vary in price depending on your needs and requirements.

Professional property managers generally charge their clients based on the number of square feet leased. They will therefore have a more accurate estimate of the budget required for this type of software and/or services.

A smaller wallet may use freemium programs that may be free to set up an account but charge monthly or quarterly fees depending on usage.

The average price depends on the number of units managed, whether commercial real estate or residential housing.

Most programs with enterprise-grade features are available at a relatively low price compared to other types of business software. This means that as a property manager, you can run your business more effectively without breaking the bank.

Summary.

In conclusion, property management systems can benefit your business in many ways. While the initial cost and annual fees may seem high, it's important to consider all of the valuable features of these programs.

Here are my picks for the best property management software:

• TurboTenant : Best solution to manage your property in the easiest way possible.
• AppFolio : the best solution to use a single platform when it comes to modernizing your business.
• Propertyware : ideal for those looking for a powerful, customizable, and open platform for real estate management.
• TenantCloud : Best solution for finding the right tenants for your property and online collective payments.
• MRI : the best for managing residential and commercial properties
• Buildium : Ideal for those who want to do more than manage their property.
• Available : Best solution for finding, selecting, and retaining long-term tenants.

When you calculate the value of time that will be saved on daily tasks as well as all of the long-term benefits that come with property management software, then you'll find that most programs are affordable for any business, big or small.