Try the top property management software options! Property management software makes it easier for property managers, especially those with multiple properties, to run their day-to-day operations. Owners and managers have to juggle many diverse tasks, including marketing their properties and helping to find new tenants. Software that allows everything to be in one place, where managers can collect rent and be on top of maintenance requests, enables them to use the system to expand on their business and keep track of profits. There are different types of properties that can be managed with this software, including residential and commercial units, homeowners associations, hospitality venues, and student housing. Many software options will have the basic features and some have niche features that help cater to certain industries and they'll cost you an arm and a leg. But the top property management software systems like Buildium, PropertyWare, and AppFolio, offer better features and are surprisingly affordable. Check out these most frequently asked questions to learn more.
Property management and real estate companies use this software. Many property management firms will employ a property owner or landlord, who will be involved in the day-to-day operations of each property, and the firms use the software to keep track of expenses, marketing, and profits. Real estate investors can also benefit, because the software can automate many tasks so they don’t have to rely on tons of spreadsheets or pen and paper to manage processes. Buildium, PropertyWare, and AppFolio have features designed for all these needs at a more affordable price than comoetitors.
Buildium teamed up with Tenant Turner, which allows managers to automate showing prequalification and scheduling. With the partnership Buildium has with HappyCo, it means managers can inspect the units right from any mobile device they choose. Reviews of Buildium say that it’s the easiest platform to use. You can start using Buildium for just $45 per month which is a lot cheaper than most other property software management tools. But if you still aren't convinced, there's a 15-day free trial available with no credit card required.
Property managers created PropertyWare, so it does what others can’t. It’s a complete toolbox designed for single-family property managers and it has simple solutions at an affordable price. The flexible pricing helps create best in class functionality, and the software has features that will work for the full lifecycle of property management. Prices start at just $1 per unit every month but you'll need a minimum of 250 units to qualify for this rate. If you aren't sure PropertyWare is right for you, then check out the free trial and see for yourself.
AppFolio has the best mobile functionality and is designed for every housing type, whether it’s single family, student housing, or commercial properties. It is an all-in-one, affordable cloud-based solution, with owner portals, maintenance features, support features, marketing features, and functionality for residents. There are also accounting and reporting capabilities to track profits. Like PropertyWare, Appfolio offers some the lowest prices available. The rates for residential areas is just $1.25 per unit, while commercial areas are just $1.50 per unit. Student housing property management costs as little as $1.25 per unit and community associations are just a mere $0.80 per unit. It doesn't get much more affordable than that.
When using any of these property management software programs, property owners will find they will have reduced administrative work, faster payments, better communication with tenants and owners, and a more efficient leasing process. With less administrative work, property owners will be able to focus their time on what matters most and save money. The top property software management tools are so affordable, you won't be able to find anything else that works as well for much cheaper.
Property managers should look at how much the software costs, how many customers the company currently has, how secure the data is, and if the software is cloud based. In addition, they should make sure that the data is secure and know what kind of backup measures are in place. Customers should also look at what online forms of payment are accepted, to make it easier for tenants to pay rent and other fees.
Some challenges include scalability and the ability to work with existing systems. It’s possible to choose a system that will expand with the property management business, and some even have an unlimited number of users that can be accepted. Also, check to see if the software can integrate with any current hardware and servers, and if the vendor offers data migration services if switching.
There has been a growing global demand for property management software, making it better than ever. Developers have added mobile functionality, since so many property managers conduct business away from their desk and need access to data. Tenants also like to access information straight from phones and tablets. In addition to mobile functionality, there has been more advanced technology integrated for tenant background checks.
Some features may cost extra because the software companies have to pay third-party businesses for those features. Some examples of these are collecting rent and conducting background checks on possible tenants. These software companies have to rely on other companies to do background checks and collect money. AppFolio doesn’t charge extra for any specific module or additional users, making it a completely cost-effective solution.