Property Matrix Review - why 4.7 stars?

Shlomi Lavi / updated: Oct 06, 2022

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What is Property Matrix?

Property Matrix software is a cloud-hosted property management solution tailored for multi-family unit properties and apartment complexes. The solution incorporates tools for property accounting, tenant & lease tracking, CRM, building maintenance and online classifieds.

Property Matrix software is a product of Property Matrix, a company established in 2006 in the USA. The primary features of Property Matrix software include custom accounting, enterprise-class reporting, automatic actions, check scanning, document signing, document management and more.

The incorporated accounting package offers general ledger, account receivable, accounts payable, as well as all transactions history. It includes an Owners portal through which the owners are able to see maintenance history, lease expirations, bills and pay rent dates. The software is supported on Windows, Android, iPhone/iPad, Mac, and Web-based platforms.

Who is it best for?

The software is a viable product for businesses of all sizes. Most commonly, it can be deployed in such major industries and domains as real estate, hotels and restaurants, motels and inns, home property development, engineering services, and others. Some notable customers of the software include Greyman Properties, MVM Property Management, and Regent Properties etc.

Main features and functionalities

The software features a simple and intuitive interface detailing at one place all the important aspects of property. Filters are used to separately display certain aspects of property such as vacancies, tenants, and units etc. It feature an owners portal which offers such details as asset monitoring, payment of bills, fee calculations, outstanding payments, and other financial aspects.

The separate accounting page of Property Matrix allows keeping track of incoming payments and ensures that vendors are paid in a timely manner. Other important capabilities include accounting integration, landlord database, tenant database, vacancy tracking, maintenance management, and notifications etc.

What is the actual cost?

The cost of license starts at $450 per month. ITQlick pricing score is 2.2 out of 10 (10 is most expensive). Access ITQlick pricing guide for Property Matrix. You can also find here pricing information from Property Matrix's website.

How it stacks up?

Access a head to head analysis of Property Matrix vs alternative software solutions.

Frequently Asked Questions (FAQs)

Is Property Matrix right for you or your business?

Property Matrix software offers property management solution ideal for multi-family unit properties and apartment complexes. It best works with small businesses, medium, as well as large-market companies. The software is used by property owners, property managers, and property management agencies.