There are so many factors that a landlord needs to keep track of when running a property. From day-to-day operations, preparing for tenants and maintenance issues, your property will need regular oversight from the moment you buy it until you’re ready to sell it or rent it out again.
The good news is, there are plenty of great options for managing properties on your own. The first step is finding the right software for your needs. Luckily, there are many excellent solutions available today – but which one is right for you?
This article will give you all the information you need to choose the best property management software for your investment.
What is Property Management Software?
Property management software is designed to help you manage your real estate portfolio.
It can handle everything from rental payments to maintenance requests and more. The software takes care of all the paperwork, so it leaves you more time to work on marketing, finding tenants, and other aspects of property management.
Why Do You Need Property Management Software?
Property management software is a great tool for landlords, especially if you want to maintain an efficient or profitable property. The key is that the software allows you to keep track of your operations in its entirety – from maintenance, to rent collection and even the marketing campaign.
This not only helps with daily operations but also enables you to better prepare for potential issues before they arise. If you’re looking for a comprehensive option that covers everything from tenant screening and lead management to accounting and reporting, then property management software is probably worth a look.
The Best Property Management Software of 2022
1. Rentec Direct
Rentec Direct is a property management platform that helps landlords manage their properties.
Rentec offers reliable, affordable software and services that help you maintain your investment, take care of tenant needs, and maximize your rental income.
The main features of Rentec include:
- A fully managed property management system
- Property listing search engine
- Full tenant screening tools
- Tenant communication tools
- Rental listings customization
- Payment processing
- Email marketing
- Online community forum for tenants and landlords
- Mobile app for tenants
You can use Rentec Direct online property listing search to look for suitable properties across the US with just one click. You can also use the included tenant screening tool to find out if there are any potential issues with a prospective tenant before they move in.
The included email marketing tool that allows you to send out messages on behalf of your landlord. This allows you to communicate with both tenants and potential new ones without requiring an agent or third party service which would be more expensive.
With its mobile app, you can communicate directly with your tenants on the go through text messages or phone calls – a feature that is vital when managing quickly changing rental situations.
2. AppFolio Property Manager
AppFolio is a leading property management software for landlords.
It’s designed to be easy to use, with a user-friendly interface that makes it accessible for all levels of experience.
You can obtain detailed reports on your property’s financial status, set and manage contracts and leases, streamline the process of finding new tenants, and automate tasks like paying bills. To top it off, AppFolio offers dedicated customer service agents who are available to help you with any questions or concerns.
The team also has vast years of combined experience in the industry, so they’ll be able to offer expert advice on how best to run your business.
AppFolio has been used by thousands of properties, including multi-unit apartment buildings, single family houses, commercial property and hundreds of other types of real estate.
It’s one of the most trusted names in property management software today – and is worth considering if you want to take your maintenance operations into the 21st century.
3. Propertyware
As an investor, you want to make sure your property is in the best hands possible.
Finding the right management software can help you stay on top of your investment and ensure that your properties are well managed. One property management software that we recommend is Propertyware.
Propertyware offers a full suite of tools for managing properties, including tenant screening and background check services, rent payment, tenant cloud, property manager and more.
The company also offers a range of cost-effective plans to manage multiple properties at once without breaking the bank. Propertyware has so many benefits for landlords who need a solid management solution but don’t want to spend too much money.
In addition to providing all the functionality that a landlord needs for their investment, Propertyware also provides support with each plan. So whether you need help with tenant screening or maintenance issues, there’s always someone available who can help you out when needed. That’s why we believe it’s one of the best property management software solutions for landlords today!
4. Buildium
Buildium is an excellent property management software that has a robust set of features to make managing your investments easy.
The program is designed with the landlord in mind and will keep you organized, streamline processes, and simplify tasks like tenant screening.
This system can handle everything from inventory control, to accounting, to leasing and rent collection. It also comes with a comprehensive work order tracking feature for your residential property and also allows you to easily track items like repairs, asset management, and maintenance so you’re not wasting time on something you already know about (and can assign).
This system also includes professional tenant screening tools that allow landlords to quickly screen applicants for their individual needs. In addition to the standard features mentioned above, Buildium also offers additional tools such as digitized lease agreements and tenant handbooks.
The software also works seamlessly with other popular applications like QuickBooks and AccountingEdge. The interface for this software is very simple to use and intuitive making it even easier for busy landlords to manage their investments without breaking a sweat.
Buildium’s customer service team is available 24/7/365 via phone or email; they’ll always be there if anything comes up or if you ever have questions about your account or system setup.
Overall, this is an excellent investment for any landlord who wants a no-hassle solution looking after their investment at all times.
5. MRI Software
MRI Software is the most comprehensive rental property software available today. It gives you complete control over your properties, allowing you to manage your rentals with ease.
It also offers a variety of tools and reporting capabilities that allow you to better manage the day-to-day operations of your properties. The company is always improving their software to keep up with landlord needs, and they have a clear commitment to customer satisfaction.
In addition, MRI has a 24/7 phone line for landlords who need help navigating the software or tracking down property-related emergencies. This makes it easy for any landlord to get in touch with support in order to keep their investment running smoothly.
6. Rent Manager
Rent Manager is easy to use, but also comes with many features to help you run your business smoothly.
The biggest benefit of Rent Manager is the simplicity of its interface and ease of use. The program helps take care of all the basic aspects of managing your property and making sure you’re not wasting any time on tedious tasks.
Rent Manager provides information about nearly every aspect of your investment – from maintenance issues, day-to-day operations and tenant relations – so you’ll feel confident knowing that everything’s in order.
Lastly, it’s easy to share important documents with your tenants for easy access and understanding.
7. Yardi Breeze
Yardi Breeze is a property management company that works with both residential and commercial clients. It offers a fully integrated suite of services that help users manage the upkeep of their properties and increase the quality of their tenants’ living experience.
The breadth of features offered by this software includes:
- Viewing your property’s real estate market value in order to maximize returns on investment.
- Managing all aspects of your rental process, screen tenants, rent collection, lease renewals, check-ins and more.
- Quickly viewing leads from your website or social media account with Yardi Breeze’s lead capture system.
8. SparkRental
SparkRental is one of the first and most common property management software solutions out there. This free property management software makes it easy for you to get started with your business in a matter of minutes by creating your own website and adding pictures, descriptions, and information about your company.
The SparkRental platform includes many features that help businesses market themselves better such as automatic email campaigns, reporting and analytics, enhanced lead capture capabilities, online payment processing, online reservations, social media integration (including Facebook), Google reviews integration, etc.
The SparkRental platform is affordable and easy to navigate. It also offers comprehensive support to help you learn how to use this property management software on your own or work with the team at SparkRental to get the most out of it.
If you want an all-in-one solution with amazing customer service that’s both affordable and easy-to-use then SparkRental is definitely worth a shot!
9. RentPayment
RentPayment is a property management software that allows you to track your properties, including rental history, expenses and income, and more. The software has many features that make tracking your properties easy and convenient.
For example, the property manager can use reports to get a summary of the property’s performance in a short amount of time. You can also use the software with third-party services like Google Analytics for further insights on your business.
One of the most beneficial features is the ability to easily connect with tenants through RentPayment’s tenant portal.
The tenant portal allows them to pay rent online and provides 24/7 support if there are any problems. RentPayment also offers mobile apps for both iOS and Android users so they can access their account wherever they are!
10. Moxo Property
Moxo is a property management software that is designed with self-employed people in mind. It offers you the chance to manage your business remotely, and allows you to invoice tenants or other landlords.
Moxo provides you with some features that include:
- Budgeting and forecasting
- Tenant management
- Bookkeeping
- Property management
- A mobile app for the tenants to access their account on the go This software is perfect for those who have just started out
- It’s a more affordable option than many of the others, but it still provides all the important features most users would need.
11. TenantCloud
TenantCloud is a premier property management software which provides landlords with everything they need to run their property management.
It’s free of charge, easy to use and available on the web and mobile devices. TenantCloud was designed specifically for landlords, not only in the United States, but also internationally.
12. Innago
As a newbie, it can be overwhelming to decide which property management software is the best for your business. Innago is an all-in-one software that allows you to easily manage your properties and their bookings.
This product offers both online and offline booking capabilities to help you keep track of visitors and bookings. In addition, Innago offers an intuitive interface that makes it easy for anyone in your team to work with.
Innago also includes tools for inventory management, events management, availability planning and much more! This comprehensive suite of tools will save time while helping you grow your business.
13. StorEDGE
StorEDGE is a property management software designed for the business of real estate. It’s a comprehensive solution to help you manage your portfolio and provide intuitive reports, analytics and visualizations to assess your business performance.
It’s perfect for rentals, single family homes, commercial properties and more. StorEDGE provides a range of features like accounting, finance, scheduling and email marketing that integrate seamlessly with your own systems.
These features makes StorEDGE stands out;
- Easy to use: The interface is straightforward and easy to navigate through and it’s even easier to learn once you’ve used it a few times. In fact, most users are self-sufficient in using the software after just one day
- Comprehensive: The software offers everything from rental reports and analytics to tenant screening as well as secondary market listings
- Adaptable: Whether you’re new or seasoned in real estate management or looking for an affordable alternative to other solutions on the market, StorEDGE has a fit for you
- Special pricing: Signing up for StorEDGE does not have any long term commitment – so there’s no need for you to invest tons of money upfront
- Easily integrated: You can easily install the software into your website or connect with other platforms so that all of your data is captured!
14. Lodgix
Lodgix is an automated property management software that helps you make more money by simplifying your work and increasing efficiency. It’s easy to use, but powerful enough to track tenants’ rent, maintenance requests and resident data.
Lodgix can automatically send email reminders for rent payments, as well as send out emails for insurance renewal reminders, lease expiration dates and other important information.
It also enables you to easily manage your tenant accounts with its easy-to-use interface. Lodgix gives you the freedom to concentrate on your business rather than spending hours on your computer each day managing the details of property management software.
It also allows you to track tenants’ information in a way that fits best with your business practices.
15. 365Villas Property Management Software
365Villas is the property management software for small to large business owners.
It offers flexible, customizable features like one-time and recurring calendar bookings, service management, marketing campaigns, quick accounting software, online booking form and more.
365Villas is a web app with an easy-to-use platform that makes it easy to find availability on your schedule.
In addition to its reliability and flexibility, you’ll also get great customer service from 365Villas.
If there’s any feature you need to change or customize for your business, just email them about it. They’ll get right back to you with a solution in mind – no questions asked!
FAQ
1. What are the best characteristics for the property management system?
When looking for the best property management software, it is important to consider a variety of factors. The system should provide an easy-to-use interface that is customizable to meet the specific needs of the organization. Additionally, the software should be able to automate tasks and processes, allowing managers more time to focus on other aspects of their business. Finally, a good property management system should have robust reporting capabilities that allow managers to track data and make informed decisions about how best to run their properties.
2. How does a property management system help provide hospitality to guests?
Property management systems are essential for hospitality businesses. They help manage a property and its guests, provide information and reports to the owner or operator, and keep track of expenses. Systems can automate many tasks, freeing up the owner or operator to focus on running the business. They can also help ensure that properties are operated efficiently, compliant with regulations, and generate profits.
3. Why do you need property management software?
There are many reasons why you may need to invest in property management software. The most common reason is that you want to take on more responsibility for your rental properties and want to be able to keep track of all of the details related to them. Additionally, some property management software can help you automate certain processes so that you can focus more on running your business and less on managing the properties.
It’s important to choose the right software for your needs, so be sure to consider what type of properties you have, how much time you have available to manage them, and what other obligations you have. There are many great options available, so it’s best to speak with a knowledgeable advisor about which one is best for you.
4. How do I choose the right property management software?
First, think about what you need the software for. Do you need features for tracking rentals, managing leases, or billing? Or do you just need a basic system to keep track of properties? Once you know what needs the software has, look at the features offered and see which ones are most important to you.
Next, consider your budget. Is the software affordable? Do some of the features have additional fees? Once you have decided on what needs the software has and what is important to you, look at how much each feature costs. You may find that one feature is more expensive than another but is worth it for your business.
Finally, make sure that the rental property management software fits with your company’s branding and image. Are there any conflicts with other products or services that your company offers? Does the logo look good in conjunction with the software? If not, consider finding another
5. What is the most important role of a property manager?
The role of a property manager is to ensure that the property is being managed in an efficient and effective manner. They should be able to keep track of all financial and administrative aspects of the property, as well as ensuring that tenants are following all lease agreements and rules. Additionally, property managers should be able to resolve any disputes that may arise between tenants and landlords.
6. What are the Free Property Management Softwares to consider?
There are a variety of property management software options to consider when looking for the best software to help manage your real estate properties.
Apart from what have been considered above, some of the more popular options include PropertyPad, Realtor.com’s MyRealEstate, Condo Control and Zillow Real Estate’s Realty Manager. Each of these programs has unique features that may be perfect for managing your properties.
PropertyPad is a free online property management tool that helps you keep track of all your properties from one location. You can access PropertyPad from any computer with an internet connection, and it offers customizable reports and graphs to help you monitor your progress.
Realtor.com’s MyRealEstate is a paid online property management tool that offers many of the same features as PropertyPad, including online access, customizable reports, and graphs. MyRealEstate also offers some additional features, such as the ability to add photos and videos to listings, generate PDF marketing materials, and send automatic rental applications to landlords automatically.
Zillow Real Estate’s Realty Manager is another paid online property management tool that offers many of the same features as MyRealEstate
Condo Control Property Manager Software is a comprehensive property management software that helps you manage your residential units in a professional and organized way. It has a wide range of features that will make it easy for you to keep track of all the properties under your care, from rental income and expenses to maintenance schedules and tenant information. This software also offers powerful tools for managing leases, including automatic renewal notifications, late payment tracking, and eviction notices.
