Compare MRI Residential and Budgetrac Property - Oct 2022

Shlomi LaviShlomi Lavi / Oct 03, 2022

We publish unbiased reviews. Our opinions are our own and are not influenced by payments from advertisers. This content is reader-supported, which means if you leave your details with us we may earn a commission. Learn why ITQlick is free .

Bottom Line: Which is Better - MRI Residential or Budgetrac Property?

MRI Residential is more expensive to implement (TCO) than Budgetrac Property, and Budgetrac Property is rated higher (83/100) than MRI Residential (80/100). MRI Residential offers users more features (21) than Budgetrac Property (4).

Looking for the right Property Management solution for your business? Buyers are primarily concerned about the real total cost of implementation (TCO), the full list of features, vendor reliability, user reviews, and the pros and cons. In this article we compare between the two software products:

MRI Software LLC Vs. Budgetrac Systems, Inc.

MRI Software LLC: Bostonpost Property Manager® streamlines compliance, financials and general property management operations for any mix of affordable housing funding sources. Whether you are managing properties with only project-based vouchers, properties rehabilitated with tax credit funding, newer properties with complex, layered funding, or anything in betwee...

Budgetrac Systems, Inc.: Budgetrac Systems, Inc., develops software for the real estate industry. The software expressly targets real estate developers, home builders and property managers. Located near the Research Triangle Park in Raleigh-Durham, NC, Budgetrac’s software and service solutions are backed by over 25 years of software development experience, industry knowle...

Who is more expensive? MRI Residential or Budgetrac Property management?

The real total cost of ownership (TCO) of Property Management software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance and support and other related services. When calculating the TCO, it's important to add all of these ”hidden costs” as well. We prepared a TCO (Total Cost) calculator for MRI Residential and Budgetrac Property management.

MRI Residential price starts at $1.75 per property/month , On a scale between 1 to 10 MRI Residential Management is rated 8, which is higher than the average cost of Property Management software. Budgetrac Property management price starts at $1,600 per user/year , When comparing Budgetrac Property management to its competitors, the software is rated 4 - lower than the average Property Management software cost.

Bottom line: MRI Residential is more expensive than Budgetrac Property management.

Which software includes more/better features?

We've compared MRI Residential Vs. Budgetrac Property based on some of the most important and required Property Management features.

MRI Residential: this software is considered "feature-rich" with more than 10 important features, here is a partial list: Automatic Data Backup, Automatic Property Mapping, Easy Data Migration, Email Owner Statements, Events Calendar, Excel Export, File Storage, Maintenance Overview.

Budgetrac Property management: Automatic Property Mapping, Maintenance Overview, Space Planning, Streamlined Work Orders.

Target customer size

MRI Residential Management is perfect for residential or multifamily properties with over 500 units. Budgetrac Property Management Software is perfect for all types of property owners and real estate developers.



MRI Residential

ITQlick rating
(4.1/5)

starts at $1.75 per property/month

MRI Residential Management is a cloud-based real estate property management solution designed for service managers, owners, leasing agents and property managers in commercial and residential properties.

Categories: Facilities Management, Property Management, Property Management - Apartment, Lease Management.

Budgetrac Property

ITQlick rating
(3.8/5)

starts at $1,600 per user/year

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

Categories: Construction Accounting & Job Costing, Property Management, Online Project Management.

Compare specifications

Compare features

MRI Residential: 21 Features

Automatic Data Backup
Automatic Property Mapping
Easy Data Migration
Email Owner Statements
Events Calendar
Excel Export
File Storage
Maintenance Overview
Message Boards
Move Management
Online Rental Applications
Paperless Work Orders
PDF Export
Performance Metrics
Proactive System Notifications
Recurring Work Orders
Set up Auto Pay
Streamlined Work Orders
Tabbed Categories
Upload Documents
Vacancy Dashboard

Budgetrac Property management: 4 Features

Automatic Property Mapping
Maintenance Overview
Space Planning
Streamlined Work Orders
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick score ITQlick Score is a 1 to 100, the calculation is based on pricing, and functionality Vs. alternative solutions
Pricing score pricing Score is a 1 to 10 (10 is high cost), based on the TCO (cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
License pricing license pricing (if provided by the software vendor)
Functionality score
Software review
Compare
MRI Resi...
ITQlick rating
4.1/5
Score
80/100
Pricing
8.6/10
License pricing
$1.75 per property/month
Functionality
27
Compare
Budgetra...
ITQlick rating
3.8/5
Score
83/100
Pricing
4.4/10
License pricing
$1,600 per user/year
Functionality
7
Buildium
ITQlick rating
4.5/5
Score
100/100
Pricing
2.8/10
License pricing
$50 per month
Functionality
25
Propertyware
ITQlick rating
3.6/5
Score
96/100
Pricing
7/10
License pricing
$1 per unit/month
Functionality
25
AppFolio
ITQlick rating
4.5/5
Score
95/100
Pricing
3/10
License pricing
$1.40 per unit/month
Functionality
32

Auditor - Shlomi Lavi

Website Linkedin profile Facebook Twitter

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.