10 Best Property Management Software in 2021

Property Management Software are cloud based platform that help in administration of residential, commercial and/or industrial real estate. They help with management of property that is owned by another party or entity by taking care of activities like monthly rent collection, collecting owner's statements, 1099 e-filing and more. The most important aspect of a property manager's job is to keep tenants happy, and that comes with getting the right technology in place. Analyzo has listed the best Property Management Software that you can choose from based on your requirements. Click on Quick View to see plan features or compare plans across companies.

Best Property Management Software

Price : $29/month - $249/month

RentPost is a web-based property management solution that handles various problems faced by property managers. RentPost incorporates an activity feed, allowing property managers and other employees to see key business updates in real time.
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Price : Starting from $250/month (min) + $1/unit/month

Propertyware software has been designed to help single-family, low density and small residential property managers operate more efficiently. This is a simple online property marketing, management and accounting software for web-based property management.
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Price : Starting from $250/month (minimum) + Additional Fee

AppFolio provides cost-effective, cloud-based rental property management software that allows apartment, residential, commercial, student housing and community association property managers to more effectively market, automate and grow their business.
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Price : On Request

Yardi is a property management software for real estate clients worldwide. It provides integrated property management software and investment management solutions for all real estate verticals allowing owners, managers, investors and other stakeholders to access information specific to their needs.

Price : From $35/month

Rentec serves as a web-based tool for landlords and property managers who manage between 25 and 5,000 units. Key features of Rentec include general ledger accounting and financial reporting with optional Quickbooks synchronization, online custom-branded portals for tenants and owners etc.
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Price : On Request

Entrata is a property management tool that aims at making life easier for property owners, property managers and residents.

Price : On Request

Efficiency won’t be just another word in your vocabulary. With RealPage Property Management software, you’ll live it, every day. An integrated, end-to-end, web-based solution, it helps streamline all day-to-day operations.

Rent Manager
Price : On Request

Rent Manager is powerful property management software that combines all the features you need to run your business into one integrated solution. Exceptionally customizable and ideal for properties of every size, Rent Manager is your key to an effective and efficient business.

Price : Starting from $45/month

Take control of your portfolio, your business, and your life with residential and association management software from Buildium.

Condo Control Central
Price : On Request

Condo Control Central offers a clean and simple way to manage properties. Whether you're a property owner or a manager, Condo Control Central will surely make your life easier with its power-packed property management solution.

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FAQ's for Property Management Software

What to look out for when choosing a property management software?

Price: While comparing prices of different vendors, be sure of taking the various deployment methods into account. Cloud-based solutions are often cheaper than on-premise ones.
Scalability: If you are planning on expanding your property management business, you'll need a solution that can scale up or down to fit your needs.
Ability to work with existing systems: It is important to find out if the property management software you have chosen can integrate with existing hardware or servers.

What is the benefit of using a property management software?

Reduced Administrative Work: Property management software make it easy to manage all aspects related to a property. This is particularly useful while managing multiple payments.
Faster Payments: Property management systems can make it easy for you to collect payments and generate invoices.
Improved Communication: With property management systems, you can easily communicate with tenants and owners from a single dashboard.
Efficient Leasing Process: With property management systems, a property can be listed on several sites at once. Property managers can review applications and respond to questions right from within the software.

What are the key features of property management software?

Accounting Features: Many property managment systems include accounting functionality such as - tracking payables and receivables, bank reconciliation, electronic funds transfer and tax filing.
Lease Management: A property management software boasts features that help with the leasing process - property marketing, document storage, rental applications and electronic signatures.
Maintenance Management: Maintenance management helps owners keep track of property maintenance as well as maintenance requests from tenants.
Rental Listings: As a part of marketing campaign, managers and owners can post rental listings to various real estate websites straight from the property management software.
Owner Portal: An owner portal allows property managers and owners to perform tasks, such as - collecting rental payments, accessing financial information, document management, and more.
Tenant Portal: A tenant portal allows tenants to pay rent onine, submit maintenance requests and get in touch with landlords.
Tenant Screenings: Property management systems help property owners conduct background checks on new tenants.

Who is it for?

A property management software is generally used by property managers and real estate professionals. Property management firms usually employ property owners who are responsible for managing the day-to-day tasks associated with a property. Property management firms use software to keep track of marketing as well as profit and expenses. Property owners also benefit from the software, as it helps them keep track of maintenance tasks and ensure that tenants pay rent on time.
Real estate investors can also benefit from property management solutions. These systems can automate many tasks, hence users don't have to rely on spreadsheets or paper to manage their properties.

What are property management software systems?

Property management software systems are tools that help property managers track all aspects related to their properties. These functions include property maintenance, collecting rent payments, attracting new tenants, and advertising properties.
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