Updated 15th of January 2020
Added a table of pros and cons.
Updated 16th of January 2020
Added a list of related articles.
Property management software is used by building owners and property managers to manage units in a building or multiple buildings. The software can be used as an all-in-one solution for accounting, billing, lease information, communication with tenants, marketing, and more.
Why We Chose Buildium:
Buildium offers useful features, such as property accounting, tenant screening, lease and document management, online rent payments and financial management, and maintenance request tracking.
Buildium automates the rent life cycle. It can take care of all the basic elements of property management accounting, business operations and leasing, making it easy to manage and scale your business.
Detailed guide with helpful information on fees, costs, requirements, licenses, formation, marketing, and hiring. Also includes tips, FAQs, and a checklist.
Jul 8, 2020
Things to Consider When Evaluating Property Management Software:
- Consider the types of properties you own and look for software that can cover your needs, whether you manage residential properties, commercial properties, or both.
- To help you with time and resource management, look for software that offers a tenant self-service portal.
- Focus your research on options that integrate property management software with accounting software so that all of your needs can be managed from a single platform.
Best Property Management Software:
$150.00 /mo. for 100 units managed.
Packed with features. It is affordable with a great user interface.
$2.00 /unit /mo.
A highly recommended service that is affordable and has good customer support.
A versatile platform that offers excellent reporting capabilities and customer support.
A great platform that features an intuitive interface and good tracking capabilities. No live support.
$0.80 /unit per mo.
A user-friendly option with robust features that is suitable for property managers and tenants.
An excellent platform that features effective report generation and good customer support. No mobile app integration.
An excellent and reliable platform that features a great support team and an array of customization options. No mobile app.
A user-friendly and affordable solution that is easy to implement but sometimes difficult to unsubscribe.
$1.00 /unit /mo.
An effective platform that offers customizable reports and good tracking capabilities.
A user-friendly, basic tool that is easy to use and best suited for small workloads. Lacks customization tools.
$1.00 /unit /mo.
An excellent tool that is easy to use and affordable and includes remarkable reporting and recordkeeping features.
A comprehensive and easy to use tool that offers a fantastic rent roll feature and great financial report generation tools.
A fantastic tool with an excellent property dashboard that features tenant and lease tracking capabilities.
Pros and Cons:
- Tracks income and expenses.
- Can accept tenant payments online.
- Collects and analyzes data.
- Simplifies accounting.
- Can store and access documentation easily.
- Automatic record-keeping.
- Can require hours of training.
- Not one-size-fits-all.
How much is property management software?
Property management software can cost anywhere between $0.80 to $10.00 per unit per month depending on the size and operating requirements of your business. Some software is also sold at a flat monthly rate of $10.00 to $350.
Is QuickBooks good for property management?
Quickbooks is not a property management software. Quickbooks can be used for managing your rental transactions. However, most property management software offers accounting features.
What is the best property management software?
What does property management software do?
Property management software is a tool that can be used to manage the paperwork and accounting associated with property rentals. Managers can save a lot of time and money with property management software programs.
How can I purchase rental property management software?
Once you've chosen the property management software that is best for your business, you can select a plan and sign up. Most online property management software solutions have a form for you to fill out before you pay and download the program.
Do I need to use property management accounting software?
Most software for property management comes equipped with an accounting function so that you can keep all of your property management activities in one convenient place. Commercial property management software makes this process much more streamlined for companies that manage dozens of properties.
Is there any free property management software?
What is property management portal software?
Property management programs that use a portal simply operate online and have a main login page or "portal" that you can use to access your account.
Can I use property management software to send messages to tenants?
Some programs with added property management software features include a messaging app to make communication within the software possible. For example, Buildium has built-in SMS messaging capabilities.
Who has the best landlord property management software?
You can read property management software reviews and take a look at our ratings for property management software companies in the table above to get an idea of the best programs. Still, the right choice has a lot to do with the size and operating style of your business. The needs of a manager with 5 to 10 properties are very different from the needs of a corporation that owns 200+ properties.
Is there ongoing support for Skyline property management software?
Skyline does come with customer support, but if you fail to pay for the annual update then you will no longer be eligible for support. Keep this in mind when you are looking at prices.
What is OnSite property management software?
OnSite is a property management tool that is web-based and includes document storage, accounting statements, work orders, and online rental payments. OnSite is available as a free trial for up to 60 days.