8 Best Property Management Software in 2023 [Complete Guide]

Property management software is a tool that allows you to manage your properties more effectively. It can be used to manage your time, finances, and tenants.

Property management software is also known as property management software or PMS.

The term PMS encompasses many different types of software, including accounting, inventory management, and marketing tools.

The best property management software will help you keep track of the day-to-day operations of your rental business. It can also help you save money by reducing unnecessary expenses and increasing your profits.

 

 

What Is The Best Property Management Software?

Here are some of the most important features that make up a good property management system:

1. It should be easy to use and navigate around,

2. It should have a user-friendly interface,

3. It should be able to integrate with other apps or systems,

4. It should offer flexible pricing options,

5. The dashboard should be customizable,

6. There should be automated notifications,

7. Reporting features,

8. Integration with other apps,

9. Customer support,

10. Support for multiple languages.

1. TurboTenant

 TurboTenant is the world’s first rental property management software that automates and streamlines the entire rental process. TurboTenant offers a powerful yet simple solution for managing your rental properties.

With an intuitive dashboard, TurboTenant gives you a bird’s eye view of all your properties, tenants and income streams in one place.

TurboTenant helps you manage many aspects of your real estate business including tenant screening, application management, lease signing and more.

TurboTenant makes it easy to take control over all aspects of your rental business with a robust dashboard that provides a centralized view of your property finances and tenant information

– A fully integrated CRM to manage all communication with clients, prospects and tenants

– An easy system for onboarding new clients through automated forms and templates

Best for managing your property in the easiest way possible

 TurboTenant is the easiest and most affordable online property management software for landlords. TurboTenant gives you access to all your rental properties, tenants, and income in one place. It’s easy to use, fully customizable and there are no hidden fees or contracts.

With TurboTenant you can:

• Manage tenants with security deposit and payment tracking
• Keep track of your lease agreements with move-in and move-out inspections
• Collect rent from tenants using any payment method like cash, check or credit card
• Get alerts when payments are late or past due so you know when to follow up with tenants
• See all your income in one place on a single screen so you don’t have to log into multiple websites to keep track of everything

Features

– Rent collection

– Tenant screening

– Property management

– Leasing and rental agreements

– Maintenance request tracking

– Automated daily email reminders to collect rent or send out lease renewal notices

TurboTenant has all the basic features you need to manage your rental properties, such as:

1. Property Management: Create and manage your properties, add tenants and set up payments and rent schedules.
2. Maintenance Management: Have a complete record of all maintenance issues including when they were made and how much they cost.
3. Rental Payments: Collect rent online or through direct bank transfer so you can get paid faster.

Pricing

 TurboTenant offers two pricing plans:

Basic Plan: $49/month

The Basic Plan includes all the features you need to get started with a rental property business:

– Create unlimited listings, tenants and leases

– Manage multiple properties at once (see what you can do with TurboTenant. )

– Automatically route emails to right people in your team

– Track expenses, income, and payments automatically

– Create reports on-demand or schedule them to be delivered automatically

2. AppFolio

 AppFolio is a cloud-based software company that provides cloud-based property management software, accounting software and eCommerce solutions to over 10,000 customers. x

AppFolio’s products are used by property managers and owners of residential and commercial properties to manage their business operations including accounting, financial reporting, marketing, leasing and resident management.

Features

1.  Tenant maintenance and payments – track rent payments and expenses, including deposits, late fees, rent increases, and more!
2. Accounting – track income and expenses using customizable reports!
3. Leasing – automate rent roll applications and generate leases!
4. Property listings – list your properties on Craigslist with ease!
5. Property maintenance – keep track of repairs and inspections with this handy tool!

Pricing

They have plans for both landlords and rental property managers, so you can find the right fit for your business.

Landlord Plan

With the Landlord Plan, you can manage all of your rental properties from one place. You’ll have access to all of the tools and features that help you save time and money on property management tasks like collecting rent, tracking expenses, or managing repairs. 

Property Manager Plan

The Property Manager Plan is designed for rental property managers who want to take advantage of additional features like tenant screening reports and professional-level reporting tools. This plan also includes access to our mobile apps — perfect for those who are on-the-go! 

3. Propertyware

Propertyware is a cloud-based property management software that allows you to manage your rental property from a single platform. The system includes features such as tenant screening, lease signing, rent collection, accounting, repair and maintenance management, and more.

Propertyware also comes with integrated marketing tools that allow you to attract new tenants with email campaigns, social media advertising and much more. You can also create a custom website for your property using Propertyware’s tools.

There are two different versions of the software: Propertyware Pro and Propertyware Basic. Both versions come with all of the same features but Propertyware Pro is designed for larger landlords who need more advanced features like inventory tracking or accounting help.

Best for those looking for a powerful, customizable, and open platform when it comes to property management

The best property management software for your business depends on your needs. You’ll have to consider the amount of properties you manage, the number of employees and their responsibilities, and whether or not you have a dedicated IT department on hand.

Best for those looking for a powerful, customizable, and open platform when it comes to property management,  Propertyware is one of the most popular property management systems out there thanks to its high level of flexibility and support for customizations.

While the software comes with a lot of features out of the box, it also allows you to customize it however you like even if you’re not technically savvy! 

It was originally built by two real estate agents who wanted to create an easier way for agents to manage their listings once they left their office behind. The result was a product that’s easy enough for beginners but also offers advanced features that can meet even more experienced users’ needs.

Features

Accounting – Propertyware provides an integrated accounting solution so you can keep track of all payments and receipts associated with your business. You can create accounts payable, accounts receivable and bank reconciliation reports in order to ensure that all financial transactions are properly recorded.

Tenant Management – Propertyware provides an easy way to manage rental income from tenants by allowing you to create tenant profiles and track rent payments. The software also allows you to create lease agreements for new tenants. You can even set up automatic billing for rent payments as well as late fees if necessary!

Vendor Management – Propertyware provides a simple way for you to manage vendor invoices using templates or customized forms based on each vendor’s unique needs. This feature also allows you to set up automatic reminders when bills are due so there are no surprises when it comes time to pay them off!

Pricing

Propertyware is a subscription-based software that offers property management solutions for landlords and property managers.

The Propertyware software is available in three different packages:

Basic – $29 per month (1 property)

Standard – $49 per month (3 properties)

Plus – $99 per month (10 properties)

If you want to use the software on more than 10 properties or if you’d like to add additional features like tenant screening, credit checks and background checks, there are additional fees which vary depending on the package you choose.

Propertyware has an initial setup fee of $997 and a monthly subscription of $97 per month. The software is also available on a one-time purchase basis for $1,997.

4. TenantCloud

 TenantCloud is the technology platform that makes it easy to rent your property. TenantCloud provides a full suite of tools to manage your rental business from a single dashboard:

Tenant Screening – TenantCloud allows you to screen tenants and set up automated payments, deposits and other due dates.

Rental Application – TenantCloud gives you the ability to accept applications online, conduct tenant screenings and approve or reject applicants.

Rent Collection – With the built-in rent collection feature, you can automate monthly billing, collect payments and issue reminders when rent is due.

Maintenance Requests – TenantCloud allows tenants to submit maintenance requests directly through their account so you can keep track of all issues in one place.

Online Payments – All tenants can pay their rent online with our secure payment gateway, which supports multiple payment options including credit cards and electronic checks.

Best for finding the right tenants for your property and collective payments online

The TenantCloud platform is great for landlords who want to manage their properties remotely, as well as those who want to be more hands-on.

The software allows landlords to screen potential tenants and collect rent payments online, so they can rent out their properties more efficiently. TenantCloud also has a few features that make it stand out from the competition.

For example, it offers a simple screening process that helps landlords identify good candidates without having to spend hours checking references or running credit checks on each applicant. This can save time and money while ensuring that only quality tenants move into your property.

TenantCloud also offers an impressive feature called “shared payments” that lets you collect rent from multiple tenants at once in one transaction by simply selecting the account numbers of each tenant on a single form.

Features

– View tenant information and payment history

– Manage multiple properties with ease

– Create and track maintenance requests for all of your properties.

– Easily communicate with tenants through email and text messaging

– Access your accounts from anywhere via mobile devices

Pricing

TenantCloud pricing is based on the number of units you have, not the number of properties. You only pay for what you need, so if you have just one unit, TenantCloud is free for you!

TenantCloud offers a wide range of features, so we can tailor our pricing to meet every property management need.

We have three different subscription plans:

One Unit – $29/month

Two Units – $39/month (save 15%)

Three Units – $49/month (save 20%)

6. Buildium

 Buildium is the leading property management software for small and mid-sized real estate companies. With Buildium, you can easily manage your rental properties from one centralized system.

Buildium has been used to manage over 300,000 units from over 10,000 property management companies across the country. It’s easy to see why so many people choose Buildium as their property management solution of choice.

What makes Buildium so great?

Buildium has an intuitive user interface that makes it easy for anyone in your company to use. It’s also cloud based, which means you don’t have to worry about purchasing or maintaining servers — all you need is an internet connection and you can access your data anywhere, at any time!

Some other great features include:

1. Full-featured tenant screening platform with credit reports, background checks and criminal records search

2. On-demand maintenance ticketing system that allows tenants to request service online and track progress through their account portal (or even on mobile devices!)

3.  Smart appointment scheduling tools that help your team schedule appointments more effectively so they spend less time scheduling and more time providing service!

Best for those that want to do more than just manage their property

If you’re a landlord and you want to do more than just manage your property, Buildium is the best option. It’s a complete property management software with an intuitive interface, strong reporting tools and integrations with third-party services like Amazon Alexa.

The best feature of the platform is its tenant screening process, which pulls credit scores, criminal records and eviction history from multiple sources. You can also automate rent collection via various methods including direct deposit and PayPal.

As far as reporting is concerned, Buildium has two main reports that show you how your rental properties are performing:

Properties by Type Report – This report shows how much revenue each type of property generates per month and which types are underperforming.

The report also includes a list of all your vacant units with their rent price and when they will become available again.

Rent Roll Report – This report shows what each tenant pays in rent each month and whether or not they paid on time this cycle.

Features

Project Management: Manage your projects from inception to completion with this feature. You can create tasks, assign them to team members, collaborate on projects as well as track time spent by various team members on each task.

Financial Management: Keep track of all your financial records such as income statement, balance sheet and cash flow statement using this feature. You can also generate profit-and-loss statements for your projects along with other reports like payroll reports so that you know how much money is coming in and going out.

Accounting: This feature lets you create invoices for customers or vendors as well as track payments received from them using the accounting module which comes with its own invoice templates and reports so that you have everything at hand whenever you need it.

Pricing

Buildium pricing is based on the number of units you have, and your subscription type. The price is locked in for the duration of your contract, so you can budget without worry.

Buildium Basic Pricing

Buildium Basic is our most affordable option and it’s perfect for small businesses with up to 25 units. It’s also our best value because it includes all the features of Buildium Plus at less than half the cost!

Buildium Plus Pricing

Buildium Plus is our most popular plan and it’s great for small businesses with up to 500 units. This plan includes all the features of Buildium Basic plus advanced reporting, tenant screening, marketing tools, a dedicated account manager, property management software integration and more!

Buildium Professional Pricing

Buildium Professional is designed for larger companies with more than 500 units that want access to all of Buildium’s features including an unlimited number of properties, custom reporting and advanced analytics tools to help make informed decisions about their investment properties.

7. Avail

Best for finding, screening, and keeping tenants for the long-term

Avail is a new startup that’s trying to do something that’s never been done before: Create an apartment rental site that offers both landlords and tenants a better experience than Craigslist. The site launched in February and has already amassed over 100,000 listings from around the country.

It’s not just another Craigslist clone with better pictures — it’s a fully functional apartment search engine with tools for screening tenants, like credit reports, background checks and reference checks. The company says its service can help landlords find reliable tenants more quickly than other websites by providing them with more information about potential renters.

Landlords can also use Avail.’ screening tools to save time on background checks, credit reports and reference checks. 

What is Property Management Software?

 Property management software is a type of property management software that helps to manage your real estate business. The software can help you to keep track of the properties you have and the tenants who live in them.

It can also help you to keep track of maintenance issues, rent payments and more.

Property management software is one of the most important tools that any real estate investor or broker needs to have in his or her toolbox. The good news is that there are many different options out there for anyone who needs this type of software.

What Is Property Management Software Used For?

Property management software will allow you to manage all aspects of your property business from one place. You will be able to keep track of all aspects of your portfolio including:

Tenants – You can keep track of your current tenants as well as past ones so that if they do not pay on time or if they damage anything while they are living in your property, it will be easy for you to contact them about it.

The software will also allow you to verify whether or not they are still living in your property or if they have moved out and what happened with their security deposit.

Property Management Software FAQ

Property management software is a platform that helps you manage your properties and tenants. It’s an online system that allows you to easily track the status of your rental units, set up payment plans, schedule repairs, generate reports and more.

Most property management software solutions are web-based, so they can be accessed from any device with an internet connection.

What types of services does property management software offer?

Property management software offers many features, including:

Rental tracking 

Track who is renting what unit and when their lease expires. You can also add notes about each tenant to help you remember important information about them (such as their pet policy).

Payment processing

Collect rent payments automatically or manually through credit cards or checks.

You can also process security deposits and late fees through the platform’s built-in payment options.

Repair scheduling

Set up automatic reminders for when certain repairs need to be completed by so you don’t forget anything important during busy periods in the year (such as winter weather).

Scheduling repair requests also helps reduce maintenance costs because it ensures that only necessary work gets done on time instead of waiting until maintenance staff have time available.

Tenant screening/background checks

Run background checks on potential tenants before accepting them into your units so you

What does property management software do?

 Property management software is a great tool for any landlord. It provides you with the tools needed to manage your properties, tenants and finances.

Property management software is designed to help you manage your rental properties from start to finish.

From tenant screening and lease signing, to collecting rent and handling maintenance issues, property management software makes it easy for you to keep track of everything that goes on with your rental properties from a single location.

Property management systems are designed to help you handle the day-to-day tasks associated with renting out homes and apartments. They allow you to post ads online and in print, screen potential tenants, collect rent payments electronically and more.

Some even include accounting capabilities so you can keep track of all income generated by each property as well as expenses associated with each unit.

A good property management system will also include features like:

Tenant screening – this includes credit reports, criminal background checks, employment verification and other information that will help ensure only qualified tenants live in your property.

Rent collection – this allows you to accept rent payments online through your website or through an app on a mobile device;

Maintenance requests – these can be submitted by either the tenant or yourself.

What software is used in property management?

 There are many different kinds of software that can be used in property management. Some of these are:

Property management software – this is the most common type of software used by property managers.

It allows them to manage their properties from one single location, allowing them to see what is happening at each property, as well as make changes or updates quickly and easily.

Property valuation software – this is used to determine the current value of a property, so that it can be sold or rented for the highest price possible. It is also useful for landlords who want to sell their own home, because they can get an idea of how much they should be asking for it based on similar properties in their area.

Accounting software – accounting software is used by most businesses, including property managers. It allows them to keep track of all of their income and expenses so they know where they stand financially at any given time.

How much does property management software cost?

 Property management software can vary in price depending on what you need. Some companies charge per property and some charge a percentage of the rent collected.

We recommend that you contact at least 3 property management software companies to get quotes for your specific needs. The more information you can provide about your rental properties and business goals, the better chance you have at finding a good fit.

How much does it cost to manage my rental properties?

The cost will vary depending on how many properties you have and what features they need. Some companies offer basic packages as low as $25 per month while others offer advanced functionality and functionality for larger portfolios at higher prices.

How much does it cost to manage my investment properties?

The cost will vary depending on how many properties you have and what features they need. Some companies offer basic packages as low as $25 per month while others offer advanced functionality and functionality for larger portfolios at higher prices.

How should property managers choose the best property management software?

 Property managers need to keep their books up to date, but most property management software can help you in that task. The right software can streamline your business and make it more efficient, saving you time and money.

Here are some tips on how to find the best property management software:

Look for the right features.

Do you need a program that tracks repairs? Are you looking for a program that will let you manage your residents’ accounts online? Make sure you know what features you need before you start shopping around.

Check out reviews and user feedback.

A lot of people leave reviews online about different products and services, so it’s easy to get an idea for what other users think of each product or service.

In addition to reading reviews from other people who have used the program or service in question, look at user comments on forums and social media sites like Facebook or Twitter. You can also contact other users directly by email or phone if there’s something specific about their experience that interests you.

Try out demos before making a purchase.

Most companies with good products have demos available online so customers can try them out before buying them — this is especially important when buying software because there are often multiple options available at different price points.

What types of rental property management software are right for me?

 In today’s market, it’s important to choose the right rental property management software. Not only will it help you manage your properties more effectively, but it can also help you boost your sales.

There are a number of different types of rental property management software on the market today. The best one for your business depends on how much money you want to invest and how much time you want to spend managing your properties.

Here are some of the most popular types of rental property management software:

Online-based: This type of rental property management software is cloud-based and runs from any device that has an internet connection. You can access this type of software from anywhere in the world with an internet connection.

This is great for people who travel frequently and need to look at their properties from anywhere on earth.

Desktop-based: This type of rental property management software is installed on your computer’s hard drive and runs as soon as it’s opened up.

It doesn’t require an internet connection and works well if you have multiple computers in the office or home that need access to your property information at all times.

Mobile apps: Mobile apps allow users to view their rental property information while they’re away from home or work — whether they’re traveling or just relaxing.

Best Property Management Software – Wrap Up

The best property management software is going to have a lot of different features. But they’re all going to be designed around the same goals.

The first thing you want from your property management software is something that makes it easy for you to manage your tenants, tenants’ payments, and your rentals.

You also want it to be easy for you to make changes and updates as necessary.

You don’t want to feel like you have to be an expert in every single aspect of running your business before you can use the software.

It should give you everything you need without making you feel like you’re being taken advantage of by the system.

Property management software is different from other types of business software because it’s not just used by businesses, but also by individuals who are looking for ways to help manage their own properties or even their own rental properties.