Top 54 Property Management Software (Nov 2022)

2023's Best 55 Property Management Systems

Shlomi LaviShlomi Lavi / Nov 04, 2022

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1. Buildium Property Manager

  • Best for: Small, medium and large size businesses
  • Price: starts at $50 per month
  • Mar 07, 2022
Compare Buildium Property Manager Vs. Buildium Property Manager

Buildium is a web-based property management software that offers small and medium sized property management supports for handling this in an efficient way.  This tool makes sure you get to avoid paperwork, increase productivity and efficiency and focus more on growing your business. Its charges and...


2. Propertyware

  • Best for: Small, medium and large size businesses
  • Price: starts at $1 per unit/month
  • Mar 08, 2022
Compare Propertyware Vs. Buildium Property Manager

Propertyware is a web-based property management software that can handle property management needs of any residential property starting from small properties with 20 units to big ones as large as one with 5000 units. This web-based software is designed in such a way that it can help property owners ...


3. AppFolio Property Manager

  • Best for: Small, medium and large size businesses
  • Price: starts at $1.40 per unit/month
  • Mar 09, 2022
Compare AppFolio Property Manager Vs. Buildium Property Manager

Appfolio is a web-based property management software that helps users to manage their businesses properly by offering accounting and management help. The online property management software is designed according to the needs of property managers that can help users to find better residents faster, h...


4. RealPage Commercial

  • Best for: Small, medium and large size businesses
  • Price: starts at $5.83 per month
  • Mar 09, 2022
Compare RealPage Commercial Vs. Buildium Property Manager

RealPage Commercial is a cloud-based accounting software that enables administrators to manage the corporate accounting of their organization and its affiliates, as well as gaining visibility into daily workflows and data details used at the site level.


5. PropertyZar

  • Best for: SMBs
  • Price: starts at $45 per month
  • May 14, 2022
Compare PropertyZar Vs. Buildium Property Manager

PropertyZar is a cloud-based Property Management software that enables its users to manage appointments and carry out background screenings on property tenants.


6. Resnexus Classic & AutoPilot Editions

  • Best for: Small businesses and start ups
  • Price: starts at $1,499 per user/month
  • Mar 21, 2022
Compare Resnexus Classic & AutoPilot Editions Vs. Buildium Property Manager

Resnexus Classic & AutoPilot Edition is a cloud-based Property Management software that allows managers to view reservations in an at-a-glance manner over a period.


7. SKYLINE Property Management

  • Best for: Medium and large size businesses
  • Price: starts at $1,000 per license
  • Mar 22, 2022
Compare SKYLINE Property Management Vs. Buildium Property Manager

Skyline is a web-based property management software that helps property management firms to manage their properties in a proper and efficient way. The software features effective ways to handle lease administration, creating accounting and financial reports and required property management features...


8. Commercial Management

  • Best for: Medium and large size businesses
  • Price:
  • Mar 24, 2022
Compare Commercial Management Vs. Buildium Property Manager

Commercial management is a cloud-based and an on-premise property management software that is suitable for use by individual freelancers as well as businesses.


9. Hemlane Software

  • Best for: Small businesses and start ups
  • Price: starts at $30 per month
  • May 06, 2022
Compare Hemlane Software Vs. Buildium Property Manager

Hemlane is a property management software that enables real estate businesses to speed up their operations and boost their customer base without incurring high costs.


10. Point2 Property Management

  • Best for: Start up, Small business, Medium business, Large business
  • Price: starts at $50 per user/month
  • Jun 01, 2022
Compare Point2 Property Management Vs. Buildium Property Manager

Yardi Voyager is a simple, easy-to-use, web-based property management software that can help landlords and residential property managers to handle residential property management needs of all types. The property management tool offers creating general ledger accounting, making resident portals and m...


Pricing Guide - Property Management Software:

Property Management Software Price Range

Property Management software has subscriptions whose price points are within $10 and more than $100 a month. Some of the software vendors also include additional charges such as API access, installation fees, implementation service, and training. The price model is typically in per month/unit format, but the vendors can state other models in their pricing. Some of the analysis of Property Management software are as follows:

  • Small businesses can expect to pay between $0 and $55 a month for Property Management Software products. For example, Hemlane Basic plan goes for $37 a month for each unit, Propertyware pricing starts at $250 per month and Buildium for $50 monthly. Furthermore, FantasticStay is free, with another Pro plan, which goes for $55 a month. TenantCloud has a Standard subscription that costs $9 a month, with an advanced plan which costs $35 per month.
  • Medium-sized companies would have to pay up to $1000 a month for Property Management Software units. For illustration, TOPS ONE pricing starts at $350 per month, PayHOA Professional cost price at $150 a month, and Storage Commander Cloud pricing goes for $80 monthly. Other vendors charge one-off licenses for their products, an example of such vendors are SKYLINE software, which costs $1000. iRent begins at $200 per month and Spacebase at $400 monthly. Bluebox Modules for the USA and other countries cost $360 a month, and Cirrus8 pricing goes for $450 a month.
  • Large corporations can expect to pay up to $7500 for Property Management Software products. Re-Leased pricing, for instance, goes for $7500 a year, PropertyMe Pro plan can reach up to $6600 per month for multiple properties, and PropertyTree Premium Plus for $1200 a month.

Some of the best of breeds have individual pricing as well, and the analyses are as follows:

  • Apartment Management systems Users can expect to pay between $1 and $129 a month for this software. For instance, ComVibe Pro pricing starts at $1 a month, ADDA ERP at $2 per month, and ClientLook at $129 monthly for each user. Rentredi Monthly plan costs $20 a month, with 3-month and Annual plans going for $15 and $9 per month, respectively. Other vendors charge annually, such as RISSOFT, whose non-cloud based subscription costs $750 a year for one user, and its cloud-based plan going for $1,850 annually. NestEgg pricing starts at $5 per month and Landport at $45 a month.
  • Lease Accounting Software Lease Accounting Software products generally have prices that fall within $50-$300 a month. For instance, iLeasePro has a cost price of $50 per month, ZenTreasury pricing starts at $99 a month, and InfoSite pricing goes for $300 a month. Also, some Lease Accounting software has one-time license charges; for instance, users can outrightly purchase UGAAP for $3600, and Lease4000 for $7,000.
  • Self-Storage Software Self-storage software products typically fall in the price range of $0 to $50 per month. Users can have Unit Trac from 50 cents a month for each unit. Other vendors include 6Storage, which has a starting price of $30 per month for each facility; Yardi Breeze, which costs $1 monthly, and Easy Storage Solutions Software, which goes for $29 a month. Furthermore, Self-Storage Pro charges annually, at the rate of $105 per year.
  • Rental Property management Software These products have cost prices that could be up to $210 monthly. TheHouseMonk, for instance, has a variable cost price that starts at $210 a month for a maximum of 175 units; PropertyZar has a Basic plan which starts at $25, and a Standard and Enterprise plan which users can get for $45 and $130 respectively.
  • Commercial Property Management Software CPM software products have prices that lie within $0 and $179 a month. For illustration, Total Management has a cost price of $1 a month for each unit, Soft4RealEstate pricing starts at $179 per month and UnitConnect for $34 monthly. Users would have to pay $350 a month for PropertyMatrix, and $250 monthly for Yardi Voyager Property Management. Also, PropertyTree has its pricing starting at $129 monthly and AppFolio Property Manager at 80 cents a month per unit.

11. Rent Manager Online

  • Best for: Start up, Small business, Medium business, Large business
  • Price: starts at $1 per unit/month
  • Jul 02, 2022
Compare Rent Manager Online Vs. Buildium Property Manager

Rent Manager Online is a cloud-based property management tool that is used that is designed to assist the management of real estate properties. These operations include accounting, leasing, marketing, maintenance, and many more.


12. AssociationVoice Property Management Edition

  • Best for: Start up, Small business, Medium business, Large business
  • Price: starts at $19.95 per month
  • Sep 16, 2022
Compare AssociationVoice Property Management Edition Vs. Buildium Property Manager

AssociationVoice Property Management Edition is a cloud-based property management software that is designed to work in businesses of all sizes including small-sized businesses, medium-sized businesses, and large enterprises.


13. dotloop

  • Best for: Small, medium and large size businesses
  • Price: starts at $31.99 per month
  • Oct 06, 2022
Compare dotloop Vs. Buildium Property Manager

Dotloop is a cloud-based online transaction and task management solution designed for brokers, real estate, agents and teams. Some of its features include integrations, audit trail, chat and messaging, document management and transaction management.


14. ManageGo

  • Best for: Small business, Large business
  • Price: starts at $20 per user/month
  • Sep 22, 2022
Compare ManageGo Vs. Buildium Property Manager

ManageGo is a cloud-based real-estate property management software that assists in tenant management and rent payment. The system is an all in one solution for the property managers as the software can handle communication, maintenance, billing, and many more.


15. iRent

  • Best for: Medium business
  • Price: starts at $1 per unit/month
  • May 14, 2022
Compare iRent Vs. Buildium Property Manager

iRent is a web-based property management software that helps maximize collections via the use of automation. It ensures accurate billing of client by using set terms applied on the system.


16. Property Boulevard

  • Best for: Medium business
  • Price: starts at $2,400 per license
  • Nov 04, 2022
Compare Property Boulevard Vs. Buildium Property Manager

Property Boulevard is cloud-based as well as an on-premise property management solution for both residential and commercial portfolios. The platform database covers multiple types of commercial and residential properties including retail, industrial and mixed-use commercial properties as well as hom...


17. PackageLog

  • Best for: Small, medium and large size businesses
  • Price: starts at $49 per feature/month
  • May 14, 2022
Compare PackageLog Vs. Buildium Property Manager

PackageLog (now Postal Solutions) is a property management software for properties and organizations designed for mail delivery management, student apartment management, and package management.


18. WOW! On the Web

  • Best for: Start up, Small business, Medium business
  • Price: starts at $39.99 per month
  • Apr 26, 2022
Compare WOW! On the Web Vs. Buildium Property Manager

WOW! is a facility and property management solution for businesses of all sizes. It offers services related to management, accounting, marketing, and other aspects of property management. The software was designed and launched by Core 7 US Inc headquartered in Texas, United States.


19. PayProp

  • Best for: SMBs
  • Price:
  • May 21, 2022
Compare PayProp Vs. Buildium Property Manager

PayProp is a property management software designed to simplify rent collection and payment. The software is integrated into the UK banking system; hence, this makes landlord and tenants account balances updated accurately.


20. TrueRent

  • Best for: Small, medium and large size businesses
  • Price: starts at $35 per month
  • May 21, 2022
Compare TrueRent Vs. Buildium Property Manager

TrueRent is a property management software developed to help save time, fill vacancies, and simplify all client interaction processes.


21. Elina

  • Best for: SMBs
  • Price: starts at $8.18 per unit/month
  • May 19, 2022
Compare Elina Vs. Buildium Property Manager

Elina is a web based hotel and hospitality management solution for businesses of all sizes. It offers assistance in employee management, inventory management, marketing, and other aspects. The software was designed and launched by Vestibule Marketing Ltd headquartered in London, United K...


22. Turbo tenant

  • Best for: SMBs
  • Price: starts at $4.92 per month
  • May 21, 2022
Compare Turbo tenant Vs. Buildium Property Manager

Turbo Tenant is a cloud-based property management solution for small and medium enterprises. Its key features include one-click rental marketing, easy renter management, fast online applications, comprehensive forms, extensive tenant screening, billing and invoicing, lease management, tenant portal,...


23. myCommunity

  • Best for: Small, medium and large size businesses
  • Price: starts at $1.35 per month
  • May 21, 2022
Compare myCommunity Vs. Buildium Property Manager

myCommunity is a cloud-based Property Management Software that enables homeowners to handle trackable requests for utility services, manage administrative access and tools.


24. CICTotal Manager Software

  • Best for: SMBs
  • Price: starts at $90 per month
  • May 23, 2022
Compare CICTotal Manager Software Vs. Buildium Property Manager

CICTotal Manager is a property manager software designed for landlords and property managers to manage all properties, attract property owners, build an online presence, and manage files.


25. MultiSite Systems

  • Best for: SMBs
  • Price:
  • Jun 15, 2022
Compare MultiSite Systems Vs. Buildium Property Manager

MultiSite Systems is a property management software with tools for property management needs. The software is designed to manage corporate office operations, build property security, and manage property accounts.


26. LandlordTracks Software

  • Best for: Small, medium and large size businesses
  • Price: starts at $39 per month
  • Jun 12, 2022
Compare LandlordTracks Software Vs. Buildium Property Manager

LandlordTracks is a rental property management software designed for businesses and property managers to manage vacation properties, carry out long term and short term rentals, advertise vacancies, and carry out instant background checks.


27. TRACK PM Software

  • Best for: Small, medium and large size businesses
  • Price:
  • Jun 10, 2022
Compare TRACK PM Software Vs. Buildium Property Manager

Track PM is a cloud-based vacation rental software designeed to consolidate guest communications, manage vendors, distribute properties to site, and carry out housekeeping functions.


28. RoomKey PMS

  • Best for: SMBs
  • Price: starts at $3 per room/month
  • May 24, 2022
Compare RoomKey PMS Vs. Buildium Property Manager

RoomKey PMS is a cloud-based property management system that is suitable for use in businesses of all sizes, including small-sized companies, medium-sized companies, and large enterprises. With RoomKey PMS, one can manage real estate property and offices as well as outdoor parks.


29. ComVibe

  • Best for: Large business
  • Price: starts at $0.75 per unit/month
  • Jun 17, 2022
Compare ComVibe Vs. Buildium Property Manager

ComVibe is an online property management software that can help managers to improve property management performance and satisfy residents. It becomes easier to communicate with the residents so managers can quickly respond to their problems or queries and handle them efficiently. The software can he...


30. TenantCloud

  • Best for: SMBs
  • Price: starts at $12 per month
  • Jun 20, 2022
Compare TenantCloud Vs. Buildium Property Manager

TenantCloud is a property management software designed to help property owners manage accounting and finances, screen applicants, and receive online payments.


31. Vi-Pro MIS

  • Best for: Small, medium and large size businesses
  • Price:
  • Jun 20, 2022
Compare Vi-Pro MIS Vs. Buildium Property Manager

Vi-Pro MIS is a cloud-based property management solution that enables property managers to organize records on inquiries and actionable insights from property leads.


32. World of Rental Software

  • Best for: SMBs
  • Price: starts at $6 per month
  • Jun 22, 2022
Compare World of Rental Software Vs. Buildium Property Manager

World of Rental is a property management software designed to help landlords and property managers to manage tenants and properties.


33. Budgetrac Property management

  • Best for: Medium and large size businesses
  • Price: starts at $1,600 per user/year
  • Jun 24, 2022
Compare Budgetrac Property management Vs. Buildium Property Manager

Budgetrac Property management software is comprehensive, cloud-hosted property management & accounting solution tailored for commercial properties including the industrial, retail and office.


34. Infor Property Management

  • Best for: Medium and large size businesses
  • Price: starts at $10 per month
  • Jun 28, 2022
Compare Infor Property Management Vs. Buildium Property Manager

Infor Property is a property management software for property owners and managers to manage multiple property portfolios and types, improve visibility over diverse properties, get key analysis and performance metrics, and provide hospitality to guests.


35. Skyware

  • Best for: Small businesses and start ups
  • Price: starts at $5,000 per license
  • Jul 01, 2022
Compare Skyware Vs. Buildium Property Manager

Skyware is a property management software designed as a feature-filled property system that incorporates an online booking engine, activity or spa scheduler, account receivable, and yield management.


36. Skyware Hospitality Solutions

  • Best for: Medium and large size businesses
  • Price: starts at $5,000 per license
  • Jun 23, 2022
Compare Skyware Hospitality Solutions Vs. Buildium Property Manager

Skyware Hospitality Solutions is a web based property management system. The software features software management, property management, and integrated online reservations for users and their websites. The software also provides single entry point solution that helps in automating the operations of ...


37. ApexLink

  • Best for: SMBs
  • Price: starts at $50 per month
  • Jun 02, 2022
Compare ApexLink Vs. Buildium Property Manager

ApexLink is a property management software designed to help property management businesses maximize revenue and productivity.


38. Common Areas

  • Best for: Small, medium and large size businesses
  • Price: starts at $49 per user/month
  • May 23, 2022
Compare Common Areas Vs. Buildium Property Manager

Common Areas is a property management software that helps users gain visibility to grow their businesses, streamline operations, share information and collaborate with teams, vendors and tenants.


39. Domico

  • Best for: Small, medium and large size businesses
  • Price: starts at $100 per month
  • May 12, 2022
Compare Domico Vs. Buildium Property Manager

Domico is a self-storage management software designed for facility owners/managers to oversee the management of properties.


40. FRONTSTEPS

  • Best for: Small, medium and large size businesses
  • Price: starts at $75 per month
  • Feb 25, 2022
Compare FRONTSTEPS Vs. Buildium Property Manager

FrontSteps is a resident engagement and property management software that enables property managers to streamline communication with residents, analyze feedback, oversee move-in and move-out processes, track resident requests, and manage visitations.


41. CondoCommunities.com Software

  • Best for: Small, medium and large size businesses
  • Price: starts at $29 per property/month
  • Jul 14, 2022
Compare CondoCommunities.com Software Vs. Buildium Property Manager

CondoCommunities.com is a property management software for condo owners and managers to manage their condos by sending newsletters, announcements, notices, and electronically managing amenity bookings, placing and tracking orders, and recording incidents on properties.


42. Green Doors

  • Best for: Small, medium and large size businesses
  • Price: starts at $19 per month
  • Jan 30, 2022
Compare Green Doors Vs. Buildium Property Manager

Green Doors is a property management software that enables property managers/owners to track the collection of rents from residents, automatically handle maintenance requests, track their expenses, and manage the booking of shared amenities, tracking their usage, maintenance, and availability.


43. Haven Connect

  • Best for: Small, medium and large size businesses
  • Price: starts at $3 per month
  • Apr 01, 2022
Compare Haven Connect Vs. Buildium Property Manager

Haven Connect is a waitlist management software that enables property managers/owners to maintain communication with waitlist and updates waitlist statues.


44. Imperium

  • Best for: Small, medium and large size businesses
  • Price:
  • Feb 18, 2022
Compare Imperium Vs. Buildium Property Manager

Imperium is an accounting and property management software that enables property managers to manage leases and the financial complexities of the leasing process.


45. Mobile Doorman

  • Best for: Small, medium and large size businesses
  • Price: starts at $2 per month
  • Jan 19, 2022
Compare Mobile Doorman Vs. Buildium Property Manager

Mobile Doorman is a property management software that enables property managers to improve communication with residents via mobile devices.


46. PayHOA

  • Best for: Small, medium and large size businesses
  • Price: starts at $49 per month
  • Mar 24, 2022
Compare PayHOA Vs. Buildium Property Manager

PayHOA is a property management software designed to help HOA managers and property owners manage their units and properties by giving them access to account history and relevant documents via an online portal.


47. RentMoola

  • Best for: Small, medium and large size businesses
  • Price:
  • May 04, 2022
Compare RentMoola Vs. Buildium Property Manager

RentMoola is a property management software that helps homeowners and property managers gain visibility into their cash flow while automating rent collection and creating flexible ways for tenants to pay rent.


48. RentRedi

  • Best for: Small, medium and large size businesses
  • Price: starts at $9 per month
  • Apr 20, 2022
Compare RentRedi Vs. Buildium Property Manager

RentRedi is a property management software that provides customizable payment options for both landlords and tenants.


49. RentRoom

  • Best for: Small, medium and large size businesses
  • Price: starts at $75 per month
  • Apr 13, 2022
Compare RentRoom Vs. Buildium Property Manager

RentRoom is a property management software designed to help property managers and landlords reduce cash payments and paper checks by accepting rent online.


50. Storage Commander Cloud

  • Best for: Small, medium and large size businesses
  • Price: starts at $80 per month
  • Feb 19, 2022
Compare Storage Commander Cloud Vs. Buildium Property Manager

Storage Commander is a cloud-based self-storage management software that helps users rent out their units online using the software online rentals functions.


51. Pendo Software

  • Best for: SMBs
  • Price: starts at $99 per month
  • Jul 14, 2022
Compare Pendo Software Vs. Buildium Property Manager

Pendo is a product management software designed to help product teams deliver value peculiar to their users, even with evolving needs.


52. INFO-Tracker™

  • Best for: Large business
  • Price: starts at $60 per license
  • Jul 06, 2022
Compare INFO-Tracker™ Vs. Buildium Property Manager

INFO-Tracker is a real estate property management solution for businesses of all sizes. It features such capabilities as portfolio management, rent tracking, expense management, and others. The software was designed and launched by Netintegrity Inc headquartered in Ontario, Canada.


53. Magpie iHospitality

  • Best for: SMBs
  • Price: starts at $495 per license
  • Jul 15, 2022
Compare Magpie iHospitality Vs. Buildium Property Manager

Magpie Systems is a property management software designed to help property owners focus on customers and optimize revenue. The software has a maintenance & housekeeping functionality that users can harness to create work orders for on-site staff and external vendors.


54. Soft4RealEstate

  • Best for: SMBs
  • Price: starts at $148 per month
  • Jul 29, 2022
Compare Soft4RealEstate Vs. Buildium Property Manager

Soft4RealEstate is a property management software designed as an all-in-one online platform for commercial, retail, and mixed properties.



A Buyer's Guide to Property Management Solutions

Property Management Software Buyer’s Guide
 
The business of managing properties like vacation houses, city apartments, condo units, rental properties and other real estates is where the money is.  On the other hand, the excellent management of these residential, commercial and rental properties lies on the hands of a good property manager. In turn, a manager can only be called good if he uses well his earned degree and skills in converting those property management functions into real profits. In today’s economy, where mortgages are on the rise and inflation is thinning everybody’s wallet, a good manager needs a reliable partner in managing these properties. A Property Management Software solution is what we’re talking about here.
 
Every property manager is basically tasked with serving two types of people – the renter or tenant and the landlord or property owner. In order to bridge these two people, the combination of calculator, pen, and paper will not suffice anymore. Today, a manager who is using a Property Management software product is more likely the third person who can make these two people well satisfied. So if you’re a manager looking for a reliable partner, we recommend you this Buyer’s Guide. We from ITQlick.com understand the needs of every real property manager and we believe that this buyer’s guide can be the key in providing those needs better, smarter, and faster.
 
Types
We’ve indentified these three types of Property Management Software solution that are being offered by many solutions provider today. Each solution is designed to answer the needs of a certain type of client.
 
Residential Property Management Software
This solution answers the changing needs of families, couples, and life partners. A property manager will benefit a lot in using a system that oversees the lease renewal workflow, accounting aspects of the business, and reporting and analytics processes.
 
Commercial Property Management Software
Whether it’s retail, industrial, or office property, there is an available solution that can manage well the vacancy postings, marketing, and maintenance of these properties. Such solution removes the hassles brought about by poor communication between the lessee and the property manager.
 
Real Estate Investment Management Software
Real estate owners and investors can now manage their properties in real-time and with better accuracy. This solution helps investors effectively track and manage capital, monitor performance analytics, and maximize property cash flows and valuations. There is always a good deal waiting between buyers and investors when this software solution is on the hands of a smart property manager.
 
Features
The face of the property management market has totally changed in the past two decades. The introduction of the internet, and thousands of application programs that runs with it, completely simplified the operation, control and overall management of real properties. The growing number of renters today serves as an opportunity for many software providers to develop products that can support the unique requirement of owners, managers, investors, and stakeholders. Relevant to these trends, here are the most common features of many property management software solutions offered by various software providers today.
 
  • Accounting Integration
  • Billing and Invoicing
  • Browser and Operating System Compatibility
  • Budgeting and Forecasting
  • Built-In Screening
  • Cash Management
  • Collect Rent Online
  • Contact Management
  • Communication Tools
  • Customizable Online Leases
  • Data Management
  • Easy Vacancy Posting
  • Expense Tracking
  • Insurance Tracking
  • Integrated Marketing Tools
  • Integrated Professional Website Creator
  • Landlord Database
  • Late Fee Calculation
  • Late Payment Notifications
  • Learning Materials
  • Lease Management
  • Maintenance Management
  • Management Portal
  • Mobile Interface
  • Online Rental Applications
  • Owner Portal
  • Prospect Tracking
  • Rent Tracking
  • Rental Pricing Comparison Tool
  • Reporting
  • Tenant Database
  • Tenant Portal
  • Tenant Tracking
  • Vacancy Posting and Tracking
  • Web-based Interface
 
You can use the above list of features as your checklist when buying the solution package that is just right for your current business needs. However, keep in mind that the availability of features in a solution usually depends on the type of solution or offered service plan that you are going to buy or avail. The next section will further help you verify unto which solution packages are these features often goes with.
 
Solutions per Business Size, per Vendor
When looking for a software solution that will surely fit into the size of your business, it is better that a property manager should conduct his own research of the best software solutions available in the market. Moreover, a manager should also consider taking these vital steps.
 
  • Check the prevailing management methods use by most managers in your industry.
  • Verify the main reasons for replacing your existing system (in case this is your direction).
  • Come up with well-defined list of applications that are really required by your business.
  • Match the features with your objective (ex. find better tenants, improve tracking process)
  • Determine if the solution is easy to deploy, learn and use.
 
Your to-be-exerted efforts for the above activities are essential in narrowing down your search for the right solution. And that solution can be any of these.
 
Point Solution or Niche-use
Rental Management, Lease Tracking or Accounting; there is a wide array of applications available if a single-point solution is what you need.
 
Integrated Suite
Property management portfolio requires a package that is complete with applications and features. Property managers managing a mix of residential, commercial and rental properties needs an Integrated Suite solution that includes accounting, budgeting and forecasting, marketing tools, and vacancy tracking in a single management portal.
 
Web-based
Simply register an account and pay for a monthly subscription fee; this is the offer of web-based or cloud-based property management solution. A mid-size firm operating nationwide or a large company with branches across different regions and countries can benefit a lot on a solution that is accessible anytime, anywhere, on the cloud.
 
On-premise
Some solution providers will allow you to download the software program from their website and then next is installing it into your personal computer. Integrated Suites, which require broader implementation process, are mostly on-premise type.
 
Mobile Version
Mobile optimized software solution is gaining popularity these days. By simply downloading an app, the property management app, you can already access your management portal even while on the go.
 
Pricing Considerations
Most property management software products are priced on a per month per unit basis. The “unit” refers to the number of residential, commercial or rental properties or units that you are going to manage in your portal. While this is the prevailing pricing model, there are other pricing schemes offered by key players in the market today. Other than the number of units, other factors that affect the price of a solution are the number of users, cost of updates, cost of technical support, and deployment model options. Let’s have a look on some of these pricing models.
 
On the average, the cost per unit is roughly around $5. The cost per user averages to around $150 per user. The cost of software for one time download and installation ranges from $150 to $2,000 per license. Still excluded here are the cost of updates and cost of technical support.
 
Web-based solutions typically have around $10 to $110 per month subscription fee and can go up to the range of $300 to $3,000 depending on the service plan.
 
Overall, each provider offers comprehensive plans or packages that will suit their client’s budget and requirements. Here’s a list of providers with proven-track records in providing great property management solution. Review them and find out if their offered plans suit your taste.
 
  • Yardi
  • Promas Landmaster
  • Tenant Pro
  • Quicken
  • RentRight
  • Flex Software
  • Propertyware
  • Buildium
  • AppFolio Property Manager
  • Point2 Property Manager
  • Total Management
  • Rent Manager Online
  • RenTec PM
  • Point2 Property Manager
 
Market Trends
Real estate and property management has been there for decades.  However, the real situation in the property management software industry is that it is still currently young in terms of supplying the real demand of many clients – managers, owners, renters and investors. This situation can probably be traced back from the significant number of foreclosures that started since 2008 and the unstable condition of the overall housing market at present.
 
However, the benefits that the modern technology is bringing highly encourage many property managers to re-think about their marketing strategies and invest on better software tools. Mobile phones continue to be an essential business tool and property managers have never been left behind on this trend.  In addition, cloud-based solutions continue to be the most preferred solution of most managers in large property management companies today.
 
More innovations are happening and the property management software industry remains tough in delivering excellent products into the market. So start considering you property management solution needs and shape your new business strategy in acquiring this profit-maker software technology.

ITQlick chart - 2023 best Property Management Software

2023 best Property Management Software | ITQlick.com
Finding the right Property Management software for your business
Proper Property Management software selections are the precursor to successful deployment and business growth. Finding the right Property Management solutions doesnít have to be complicated, and it doesnít have to take days or weeks of your time.

After researching over 5,000 systems, we can identify the best solution for companies of all shapes and sizes. ITQlick.com is 100% free for software buyers.



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Auditor - Shlomi Lavi

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Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.