Compare Propertyware and PayProp - May 2022

Shlomi Lavi

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Bottom Line: Which is Better - Propertyware or PayProp?

Propertyware is more expensive to implement (TCO) than PayProp, and Propertyware is rated higher (96/100) than PayProp (84/100). Propertyware offers users more features (21) than PayProp (0).

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:

RealPage, Inc. Vs. PayProp

RealPage, Inc.: Propertyware was started in 2001 by Sina Shekou and Adam Silverthorne, both entrepreneurs and pioneers of software-as-a-service (SaaS) solutions for companies such as Salesforce.com and Market Tools. We began as a small consulting firm that helped landlords and management companies organize data and improve customer service through the use of web-b...

PayProp: PayProp was launched in 2004 and has grown into a leading processor of rental payments and back office automation for the property management industry. Our platform sets the standard for speed and accuracy of transaction processing, posting, reconciliation and pay-outs, offering our clients complete transactional control and regulatory compliance.

Who is more expensive? Propertyware or PayProp?

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 Propertyware and PayProp.

Propertyware price starts at $1 per unit/month , On a scale between 1 to 10 Propertyware is rated 6, which is similar to the average cost of Property Management software. PayProp accurate pricing info is available upon request (they don't share it publicly), however , On a scale between 1 to 10 Propertyware is rated 6, which is similar to the average cost of Property Management software.

Bottom line: Propertyware is more expensive than PayProp.

Which software includes more/better features?

We've compared Propertyware Vs. PayProp based on some of the most important and required Property Management features.

Propertyware: 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.

PayProp: We are still working to collect the list of features for PayProp.

Target customer size

Propertyware is best for small residential properties, single family or residential properties with low density where it can help property managers to handle day to day problems more efficiently. and PayProp's target customer size include: SMBs.