2017 RANKING & REVIEWS
TOP RANKING BEST PROPERTY MANAGEMENT SOFTWARE
Manage Your Properties with the Top Property Management Software
As a property manager, your day can quickly become bogged down. You are responsible for filling vacancies, maintaining every unit, taking rent payments, and managing applications, among other tasks. The life of a property manager is a complicated one.
The key to successfully managing any property is organization. That can be tough to accomplish if you are stuck in the dark ages, using pads of paper and pens to take notes and keep track of your daily tasks. Add in Excel spreadsheets (which don’t communicate with one another) tracking different management aspects, and your job becomes even more complicated.
That is why most property managers are turning to property management software to help them keep organized. Instead of tracking things individually, property manager software essentially automates your tasks and manages your properties.
To make it even easier, most property manager software is essentially online property management software. This means that you will not need to download software on every office computer, since the real estate property management software can be accessed simply through a web browser and internet connection.
Award Emblem: Top 6 Best Property Management Software
The idea of property management software online is enticing, and rightfully so. The issue becomes finding the top property management software to use at your sites.
Not all landlord property management software is created equally, and certain versions will be better for you than other real estate management software.
When you are looking for the top property management software, chances are that you have questions, including:
- What tasks can estate management software help you with?
- Is real estate management software expensive?
- Are all types of property management software online, or are some downloadable programs?
- What is the best online property management software?
Throughout this 2017 guide, we will cover these questions you have regarding software for property management. We will cover what to look for in property management software online, as well as why investing in property manager software can be a smart move. Finally, we will provide a detailed review of the six best landlord property management software.
By the end of this article, you will have a better idea of what to look for in real estate property management software, and what the top property management software for you might be.
AdvisoryHQ’s List of Top 6 Best Property Management Software Reviews
List is sorted alphabetically (click any of the online property management software below to go directly to the detailed review section for that real estate property management software site):
Top 6 Best Property Management Software | Brief Comparison & Ranking
Best Property Management Software
Monthly Subscription Price for 10 Rental Units
Monthly Subscription Price for 500 Rental Units
Table: Top 6 Best Property Management Software | Above list is sorted alphabetically
Detailed Overview: What to Look for in Property Management Software
If you are thinking about investing in software for property management, it is important to do your research. Each property has different features and requirements, meaning that there is no definite answer for what the best property management software is.
There are many options to choose from when it comes to software to manage your property. You need to choose estate management software that fits your specifications and needs. While most programs handle the basics of property management, like accepting rent payments, there are nuances to consider.
Image Source: Pixabay
When you are looking at landlord property management software, it is important to consider the following:
- Tenant Management: A property with property management software makes your tenants’ lives easier as well. It gives them a central place to request maintenance repairs and pay their bills. Remember, happy, well-cared-for tenants are more likely to stay than tenants who struggle with management. These systems also allow you to track requests and stay better organized.
- Reporting & Accounting: Handling the financial side of business can be tricky, especially without a finance or accounting background. That is why having software with the ability to track deposits, payments, maintenance, and vendor costs can be a lifesaver.
- Maintenance: Perhaps the toughest part of managing a property is dealing with maintenance issues. With the top property management software, you can easily manage maintenance requests from start to finish.
- Marketing: As a property manager, you need to fill any vacancies in the building. That is easier said than done. Some property manager software offers tools that allow you to store HTML coded listings and quickly list a unit that becomes available. Others accept applications directly through the site, making your job even easier.
- Support: Software is very helpful, as long as you know how to use it. However, you can stumble across issues working with estate management software. That is why having software that offers help – 24/7 help is even better – when you need it.
- Software Format: One thing to consider is the format of your property management software. Most property management software reviews claim that getting a software-as-a-service (SaaS) is the easiest to work with. That means you won’t need to download a program; rather, you can access it from anywhere through the web browser.
Whether you have five units to manage or 500, using top property management software can help simplify your operations. By removing the hassle of using paper to track everything and by increasing your organization, the software can make you more profitable in the end.
AdvisoryHQ’s Selection Methodology
What methodology does AdvisoryHQ use in selecting and finalizing the credit cards, financial products, firms, services, and products that are ranked on its various top-rated lists?
Please click here “AdvisoryHQ’s Ranking Methodologies” for a detailed review of AdvisoryHQ’s selection methodologies for ranking top-rated credit cards, financial accounts, firms, products, and services.
Detailed Review – Top Ranking Best Property Management Software
Below, please find the detailed review of each real estate management software option on our list of software for property management. We have highlighted some of the factors that allowed these estate management software options to score so highly in our selection ranking.
AppFolio is some of the best property management software that you will find. It’s equipped to help you get the job done, with features and tools to make your life easier.
One great thing about AppFolio is that the site is updated every couple of weeks with new features and small tweaks to help this top property management software function more easily. With its SaaS features, you are also free to update their best property management software without paying additional fees.
One drawback is that it does not synchronize with QuickBooks. If you use QuickBooks and need software that integrates with it, AppFolio might not be your best choice.
However, when it comes to tenant management, AppFolio earns its name as the best property management software. It is able to accept tenant payments via ACH, and tenants can also submit maintenance requests in the portal.
As far as property management software reviews go, AppFolio can be considered some of the top property management software. With a great tenant portal and frequent updates, you can stay up-to-date on your property.
Buildium is another top property management software that receives raving property management software reviews.
The software is capable of managing thousands of rental units, though it can be scaled down to hundreds. This might not be the best property management software if you only have a few units to manage.
The great thing about Buildium is that they also offer a Free Trial. This allows you to try the software before you start paying for it.
There are three editions, the Landlord Edition for owners, Property Manager Edition for professional managers, and Association Edition for HOA boards.
One great feature of Buildium is that you can set it to automatically assess late fees, and send out notifications when leases are set to expire. Features like these help you stay on top of your property and are the reasons Buildium gets great property management software reviews.
With international time-zone specifications and other advanced features, Buildium is some of the top property management software that you will find.
Propertyware is another one of the best property management software to consider. It provides all of the tools that you will need to effectively manage your properties. Propertyware also has an impressive tenant portal where they can request maintenance and make payments.
Propertyware receives great property management software reviews, and you can you read their online reviews right on their website.
Image Source: Top Property Management Software
Another great feature of Propertyware is the ability to provide background checks and applicant screenings right through their top property management software. This not only makes your job easier, but it helps move the application process along to fill vacancies faster.
This top property management software also allows you to create listings for units in HTML, which you can easily post on a number of websites whenever a vacancy occurs. Within a universal calendar, you can track applications, lease signings, inspections, and even move-in / move-out dates.
When it comes to managing your property flawlessly, Propertyware might be the best property management software. With its ability to automate, organize, and integrate, it’s definitely a program to consider.
Rent Manager Review
Rent Manager is customizable online property management software. Though with customization comes a bit of confusion. This software isn’t as simple to use as other property management software is; however, once you get the hang of it, you should be able to move through the software seamlessly.
This is among the best property management software solutions for those tasked with managing thousands of properties. Property management software reviews on Rent Manager point out that the customizable options make it easy to adapt to larger property groups.
Rent Manager can help you easily post vacancies of units, but they will not post on multiple sites automatically. That is one thing that other top property management software solutions offer that Rent Manager does not.
Rent Manager can be a top property management software solution for managers with thousands of properties to oversee. With a tenant portal to accept rent payments and maintenance requests, it will make tenant life easier as well.
Skyline is one of the best property management software solutions out there. It gives you control over how you will track and collect information from tenants and potential renters.
This software also provides tools for marketing, maintenance, accounting, and even tenant management. You can market to new tenants through major rental websites and even run background checks straight from this real estate property management software.
In terms of tenant management, Skyline gets positive property management software reviews as well. Your tenants will not only be able to submit payments and request maintenance, but they can also contact you directly. In addition, Skyline allows electronic access to lease documents, with the ability to e-sign leases.
With features that allow maintenance workers to access work orders right from their smartphone and a general ledger capable of handling accounting, this may be one of the top property management software solutions available.
Total Management Review
Total Management is software that allows you to manage your rental properties with more ease. You can manage payments and accounting right in the software, so there is no need to utilize third-party services. This not only saves you money, but also time.
This top property management software allows tenants easy access to a portal where they can submit payments and work orders. They can also view property newsletters and lease agreements.
Another benefit of using Total Management is that your maintenance staff can access their work orders from anywhere. The system will track any open work orders, and your tenants can even receive progress updates. This can eliminate the need to field tenant phone calls asking for these updates, which helps you work more efficiently.
When it comes to property management software, Total Management might be a good fit for you. With a large unit count, the maintenance tracking features can be very useful.
Conclusion – Top 6 Best Property Management Software Reviews
By now, you’re probably convinced that investing in some sort of online property management software is a good idea.
This not only allows you to have better organization in the main office, but it helps increase the happiness of your tenants. Chances are that maintenance requests won’t slip through the cracks anymore, and that applications for open units won’t get lost in mounds of other paperwork.
The value of top property management software speaks for itself. We do not need to convince you of this. The difficult part is choosing what software for property management is the right option for your properties.
There are many factors to take into consideration when you are trying to find the best property management software. You will need to do research, read property management software reviews, and decide internally what your preferences are.
While working your way through the search process, be sure to ask yourself the following questions:
- Are you only concerned with securing the cheapest price?
- What is your budget?
- Does it matter whether the software is in SaaS format?
- What features must you have in your property management software?
These are all important questions to consider. While property management software will make your life simpler in the long run, it is important that you select the right one for you. Be sure to read our property management software reviews and consider several of the top property management software on our list before making your final decision.
AdvisoryHQ (AHQ) Disclaimer: Reasonable efforts have been made by AdvisoryHQ to present accurate information, however all info is presented without warranty. Review AdvisoryHQ’s Terms for details. Also review each firm’s site for the most updated data, rates and info. Note: Firms and products, including the one(s) reviewed above, may be AdvisoryHQ's affiliates. Click to view AdvisoryHQ's advertiser disclosures.
AdvisoryHQ (AHQ) Disclaimer:
Reasonable efforts have been made by AdvisoryHQ to present accurate information, however all info is presented without warranty. Review AdvisoryHQ’s Terms for details. Also review each firm’s site for the most updated data, rates and info.
Note: Firms and products, including the one(s) reviewed above, may be AdvisoryHQ's affiliates. Click to view AdvisoryHQ's advertiser disclosures.