Shlomi Lavi /
Oct 03, 2022
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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.