In this article, we analyze property management software, and discuss how these solutions can benefit your business. Read More >
Highest Rated Property Management Software
Buildium is a property management solution used by over 16,000 property managers. This platform is used to manage a variety of portfolio types including community associations, student housing, affordable housing, and residential properties. Buildium a powerful end-to-end solution equipped with tools to manage the entire property management lifecycle from the initial marketing of your units to inspecting your properties after tenants move out.
AppFolio is a popular property management system that is used to manage a variety of portfolio types including residential, commercial, student housing, and community associations. AppFolio is one of the biggest players in the space, and the company generated more than $250 million in revenue in 2019. This solution is best suited for property managers managing a high volume of properties. AppFolio includes all the core property management features, as well as several high-tech offerings including their AI Leasing Assistant and 24/7 Maintenance Contact Center.
Re-Leased is a commercial property management solution used for various property types including commercial properties, co-working spaces, student accommodations, and office & industrial properties. This solution is used by more than 2,500 customers in more than 40 countries. Re-Leased is ideal for small to midsize businesses with a rent roll exceeding $1 million.
RentRedi is a popular property management platform used by over 1,500 customers to manage their residential properties. This solution includes several useful features including automated listing syndication, online rental applications, maintenance request tracking, and electronic payment processing. RentRedi offers competitive pricing that includes unlimited properties, units, tenants, and teammates. This solution is best suited for independent landlords that manage 1 to 100 units.
Avail is a popular property management solution used by over 200,000 independent landlords nationwide. Avail is best suited for landlords managing 1 to 15 units. This platform includes property marketing tools, automatic rent collection, maintenance request tracking, and eLeasing.
TurboTenant is a free-to-use property management solution used by over 250,000 landlords nationwide. This solution is equipped with several useful tools for property marketing, lead tracking, and rent collection. TurboTenant is ideal for independent landlords managing 1 to 100 units.
Rentec Direct is a property management platform used by over 15,000 landlords to manage their properties. This solution is typically used for residential portfolios, but about 10% of customers use this platform to manage commercial properties. Among solutions with paid subscriptions, Rentec Direct is one of the most affordable solutions on the market.
Cozy is a free property management solution used by over 50,000 independent landlords nationwide. Cozy provides useful tools to help you market your properties, automatically receive payments, and manage maintenance requests.
Property Management Software Prices
Property management software prices range from free to $5 per unit per month. Most small businesses pay around $10 to $250 per month for property management software. Here are details that will help you compare prices for the most popular all-in-one property management software platforms.
|Software Vendor||Starting Monthly Price||Free Trial||Key Information|
|AppFolio||$1.40 per unit||Yes|
Property Management Software FAQs
Property management software pricing depends on the number of units and the type of portfolio. Here's a typical breakdown of the costs associated with this type of software:
- Residential: $1.25 per unit per month
- Commercial: $1.50 per unit per month
- Community associations: $0.80 per unit per month
The best property management software for you will depend on your budget, desired features, and portfolio type. In general, here is a breakdown of the best solution for each customer segment.
- Avail is the best free property management tool
- Buildium is best for small to medium sized residential portfolios
- AppFolio is best for large residential portfolios
- Re-leased is best for managing commercial properties
The most popular property management solutions are AppFolio, Avail, and Buildium. These solutions have tens of thousands of customers each.
The most common property management software features are:
- Custom property listings
- Automatic listing syndication
- Marketing website
- Customizable applications
- Tenant screening
- Electronic leases
- Online tenant portal
- Two-way texting
- In-app messaging
- Maintenance management tools
- Property inspections tools
Property Management Industry Research & Advice
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Purchasing commercial property management software can be a confusing process. This guide provides an introduction to this type of software...Read More >
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Why You Should Trust Our Recommendations
The team at SoftwarePundit has been testing software since 2017. We’ve hand-tested over 250 software products in that time, including 8 in the property management category. We applied the same rigorous process to each piece of property management software that we analyzed. The specifics of our property management software category research process are outlined below.
Lloyd led our analysis of property management software. He has spent more than 200 hours evaluating leading property management software systems.
In addition, all research and content was overseen by Bruce Hogan, SoftwarePundit’s Co-founder & CEO. Bruce has more than a decade of experience researching, building, and reviewing the world’s best software products. His technology advice has been featured on a wide range of media sites such as AngelList, CMSWire, Dental Economics, iPhone Life, Reader’s Digest, Thrive Global, U.S. News, and the Zapier Blog.
How We Selected the Best Property Management Software
We selected the best property management software based upon a number of criteria. The most important criteria were each software tool’s features, usability, price, and customer support. The details of our analyses are captured in the in-depth reviews we publish about each software tool.
There are a handful of critical features that you should look for in property management software. We prioritized the following features in our analysis:
- Automated Listing Syndication: Automated listing syndication allows you to instantly post your rental listings to popular property listing websites, such as Trulia and Zumper.
- Tenant Screening: In order to find the best tenants, your solution should offer comprehensive eviction, criminal background, and credit checks.
- Electronic Leases: Many property management solutions allow you to send, receive, and manage electronic leases directly on the platform.
- Maintenance Tracking: Property management solutions help you manage maintenance requests and communicate with tenants and contractors.
- Online Tenant Portal: Most property management solutions include an online tenant portal, where tenants can send rent payments, access important documents, and submit maintenance requests.
How We Evaluated Property Management Software
We used the same rigorous process to evaluate property management software as all other software categories. For the property management category, Lloyd invested several months researching, testing, and writing about the tools.
We interviewed the teams at the software companies listed above. Our conversations with the companies included questions about each company’s product, customer base, pricing, customer support, and business strength. After a general interview, Lloyd spent additional time participating in a product demo led by each company. This provided Lloyd with the opportunity to ask detailed questions about the features and functionality of the property management software.
Lloyd also obtained a free trial of each software tool listed above. He spent several hours testing the key user journeys in each software product. This allowed us to validate the features offered by each product, and to gain an understanding of the software’s usability.