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As a landlord or property manager, your time is valuable. With countless tasks to juggle and properties to oversee, it’s essential to have the right tools at your disposal. That’s where property management software comes in, streamlining your operations and making property management a breeze. But with so many options available, how do you choose the right one? Fear not – we’ve got you covered. In this blog post, we’ll explore the top 10 best property management software solutions in 2023, comparing their features, pricing, and integrations to help you make an informed decision.
Key Takeaways
This article explores the 10 best property management software solutions in 2023, including free and cloud-based options.
Factors to consider when choosing a solution include types of properties, unit count, functionalities & compatibility with other systems.
Comparing costs is essential for selecting the right platform that meets your budget & scalability needs.
Top 5 Property Management Software for All Types of Landlords
The world of property management is vast and diverse, with landlords managing everything from single-family homes to sprawling apartment complexes. To cater to this variety, we’ve compiled a list of the top five property management software solutions for all types of landlords, including:
Innago
TurboTenant
AppFolio
Propertyware
SimplifyEm
Each solution offers a unique blend of features and pricing options, making it easy for you to find the perfect fit for your rental property needs.
Innago
Innago is a user-friendly property management software that caters to small and medium-sized landlords. It offers a comprehensive set of features, including:
Tenant screening
Rent collection
Lease signing
Tenant communication
Being 100% free, Innago is a great choice for landlords.
With its easy-to-use interface and responsive customer support via email and telephone, Innago is an excellent choice for landlords looking for a cost-effective solution to manage their properties.
TurboTenant
TurboTenant offers a free plan with essential property management software tools for small landlords, providing marketing, tenant screening, rent collection, maintenance, and more. The basic package includes advertising rental properties, receiving online applications, screening tenants, and collecting rent payments.
While the core features are complimentary, some additional services, such as state-specific lease agreements and electronic signatures, require payment. TurboTenant’s affordability and comprehensive features make it a popular choice for property managers managing fewer than 100 units.
AppFolio
AppFolio is a comprehensive property management software solution with advanced features designed for larger landlords and property managers managing a minimum of 50 units. It offers:
Maintenance requests
Automated payment processes
Online leases
Accounting and management tools
AppFolio’s pricing structure is competitive, with the Residential Core plan priced at $1.40 per unit per month and a minimum monthly fee of $280.
AppFolio’s robust features and scalability make it an ideal choice for property managers looking to efficiently manage their growing portfolios.
Propertyware
Propertyware is a customizable property management software designed specifically for single-family home landlords. It offers a range of features, including:
Online rent collection
Maintenance requests
Property marketing
Tenant screening
Lead tracking
Propertyware offers multiple pricing tiers: Basic, Plus, and Premium.
Starting at $1 per month for each unit, the Basic plan provides an affordable option for landlords managing single-family homes, while the Plus and Premium plans offer additional features for more complex property management needs.
With its tailored approach and flexible pricing, Propertyware is an excellent choice for single-family home landlords.
SimplifyEm
SimplifyEm is an affordable property management software solution for landlords with few properties. It offers a variety of features, including:
Marketing
Tenant screening
Rent collection
Maintenance
SimplifyEm is designed to make property management as straightforward as possible.
With paid plans starting at $35 per month, SimplifyEm provides essential features at a competitive price, making it a top choice for landlords looking for an easy-to-use and budget-friendly solution.
Best Cloud-Based Property Management Software
In today’s fast-paced, digital world, cloud-based property management software solutions offer unparalleled flexibility and accessibility for landlords and property managers. With the ability to access your cloud based software from any device, anywhere, solutions such as Yardi Breeze, Rent Manager, and MRI Software provide a seamless property management experience.
We’ll delve into the merits of leading cloud-based property management software solutions, giving details on their features, cost, and compatibility with other applications.
Yardi Breeze
Yardi Breeze is a cloud-based property management software solution that offers a straightforward pricing structure and premium features for various property types. With features including rental applications, rent collection, maintenance request management, and more, Yardi Breeze’s pricing starts at $1 per unit per month when paid annually, with a minimum of $100 per month.
Yardi Breeze’s competitive pricing and extensive feature set have garnered praise from customers, who appreciate its intuitive navigation, user-friendly interface, and responsive customer support.
Rent Manager
Rent Manager is a user-friendly, cloud-based rental property management software that offers customizable features and pricing options to suit your property management needs. With Rent Manager, you can:
Manage tenants and leases
Handle accounting and financials
Generate reports
Access the software from anywhere, anytime
Rent Manager provides multiple pricing options, including monthly and annual plans, so you can choose the option that works best for you to collect rent online and manage online rent payments.
Rent Manager’s versatility and adaptability make it an excellent choice for property managers seeking a flexible and accessible property management solution, especially for a property manager who values efficiency.
MRI Software
MRI Software is a cloud-based property management software offering advanced features for commercial properties and large-scale landlords. With various functionalities such as tenant and lease management, financial reporting, and analytics, MRI Software provides a range of pricing plans, including a free trial and monthly subscription plans.
Offering 24/7 customer support through phone, email, and live chat, MRI Software is an ideal choice for landlords looking for a comprehensive solution with advanced features and seamless integrations.
Best Free Property Management Software Options
For landlords on a tight budget, free property management software options can provide essential features without breaking the bank. We will examine the top free property management software solutions, such as Innago, Rentler, and Avail.
Each platform offers a unique blend of features and capabilities, making it easy for you to manage your rental properties without the added expense of paid software.
Innago
Innago offers a free plan with basic property management features, making it a suitable choice for small landlords and property managers looking for an affordable solution. The free plan includes the following features:
Tenant screening
Rent collection
Lease signing
Tenant communication
With these essential tools, real estate investors and property owners can effectively manage their properties without incurring additional costs.
In addition, Innago’s free plan includes a comprehensive dashboard.
Rentler
Rentler is a free property management software solution that provides essential features for small landlords. With capabilities such as creating a single application and submitting it to multiple locations, browsing and applying for rental properties, and paying rent online, Rentler’s core features are complimentary.
However, additional features and services, such as state-specific lease agreements and electronic signatures, may require payment.
Avail
Avail offers a free plan with basic property management features, making it an ideal choice for small landlords looking for an affordable solution. With the free plan, landlords can access essential features such as:
Tenant screening
Lease signing
Rent collection
Maintenance tracking
Online listings
And more.
Avail’s user-friendly interface and comprehensive features make it an excellent option for landlords seeking a budget-friendly property management solution.
Best Property Management Software for Growing Portfolios
As your property management business grows, it’s crucial to have a software solution that can scale with your expanding portfolio. Next, we will assess the top property management software solutions suitable for growing portfolios, with DoorLoop, Buildium, and Innago under our radar.
Each platform offers scalability and advanced features to accommodate your expanding property portfolio, ensuring your business continues to thrive.
DoorLoop
DoorLoop is an affordable property management software with competitive pricing and features, making it suitable for landlords and property managers looking to expand their portfolios. With three packages (Starter, Pro, and Premium) and pricing starting at $59 per month, DoorLoop offers a range of features and pricing options to accommodate your growing property management business.
DoorLoop also provides free demos to help you familiarize yourself with the software before committing.
Buildium
Buildium is a comprehensive property management software designed for growing portfolios. It offers advanced features and flexible pricing options to suit your expanding property management needs. Some key features of Buildium include:
Tenant screening
Rent collection
Maintenance tracking
Financial reporting
Buildium provides a range of pricing options, including a complimentary trial and monthly subscription plans.
Buildium’s extensive feature set and scalability make it a top choice for landlords looking to manage their growing property portfolios efficiently.
Innago
Innago offers scalability and advanced features for landlords with growing portfolios, making it an ideal choice for expanding property management businesses. With its easy-to-use interface and responsive customer support, Innago provides landlords with the tools they need to manage multiple properties and tenants efficiently.
As your portfolio grows, Innago’s features and capabilities will grow with you, ensuring your property management business remains successful.
Property Management Software Integrations
In today’s interconnected world, having a property management software solution that integrates seamlessly with other tools and platforms is essential.
Next up, we will investigate property management software solutions that offer integrations, such as AppFolio, Yardi Breeze, and Buildium. These platforms offer seamless connections with third-party tools and platforms, ensuring your property management operations run smoothly and efficiently.
AppFolio
AppFolio offers a range of integrations with other software and platforms, making it a versatile choice for property managers. Some of the integrations available include:
Accounting software
Tenant screening services
Maintenance management software
Online payment platforms
Marketing and advertising platforms
With these integrations, AppFolio provides a comprehensive property management solution that can easily adapt to your unique needs.
Its wide range of features and integrations make it an ideal choice for property managers looking for a flexible and robust property management solution.
Yardi Breeze
Yardi Breeze provides integrations with various landlord software tools, enhancing its functionality and ease of use. With integrations available for accounting, tenant screening, and maintenance software, Yardi Breeze offers a comprehensive property management solution that can easily integrate with other tools and platforms to streamline your property management operations.
Buildium
Buildium offers numerous software integrations, making it a top choice for landlords looking for a comprehensive property management solution. With integrations available for QuickBooks, Google Calendar, and additional options, Buildium provides a flexible and adaptable property management solution that can easily integrate with other platforms and tools to optimize your property management operations.
Comparing Costs of Property Management Software
When selecting a property management software solution, it’s important to consider the costs associated with each platform. We will now contrast the costs of various property management software solutions, emphasizing the variations in pricing models and features each platform provides.
From free options like Innago and Rentler to more comprehensive solutions like AppFolio and Buildium, understanding the costs associated with each platform will help you make an informed decision when choosing the right property management software for your needs.
Tips for Choosing the Right Property Management Software
Selecting the right property management software can be a daunting task, but with the right approach and considering property management companies’ needs, you can find the perfect solution for your requirements.
When selecting a property management software, you should evaluate the following aspects:
Types of properties, including a few properties you manage
Unit count
Functionalities
Compatibility with other systems
Your budget
Additionally, consider the scalability of the software, ensuring it can grow with your expanding property portfolio.
By taking these factors into account, you can make an informed decision and select the best property management software for your unique requirements.
Summary
In conclusion, choosing the right property management software is essential for landlords and property managers looking to streamline their operations and manage their properties efficiently. By considering factors such as property types, number of units, features, integrations, and budget, you can find the perfect solution to fit your needs. Whether you’re a small landlord looking for a free solution or a property manager with a growing portfolio, there’s a property management software solution out there for you. So, explore your options, do your research, and make an informed decision that will set you on the path to property management success.
Frequently Asked Questions
Can you use QuickBooks for property management?
Yes, QuickBooks can be used for property management. It offers a range of features such as invoicing, bill payment, account management, and robust reporting.
How do I organize my rental property files?
Create a folder for each property you own to ensure no property’s files are mixed with another. Utilize this approach to stay organized as a landlord.
How much is AppFolio investment management?
AppFolio Investment Management is priced at $700/month, offering transparent pricing tailored to fit your business needs.
How much does Yardi software cost?
Yardi software is priced based on unit count, starting at a minimum of $400 per month, billed annually. Their most basic edition starts at $1 per unit per month while their Premier edition begins at $2 per unit per month, with minimums applying.
What are the key features to look for in a property management software?
When selecting a property management software, look for features such as tenant screening, rent collection, lease signing, maintenance tracking, and financial reporting.
