9+ Best Property Management Software 2023 (Ranked & Reviewed)

Managing properties, whether residential or commercial, can be a challenging task. 

From tracking rental payments to managing maintenance requests, there are numerous aspects to consider while managing properties. 

Fortunately, property management software can streamline the process, making it easier for property managers and landlords to manage their properties efficiently. 

With numerous options available in the market, it can be overwhelming to choose the right software. 

To help you make an informed decision, we’ve researched and compiled a list of the best property management software available today. 

Whether you are a property manager, landlord, or real estate agent, this article will provide valuable insights into the top property management software that can help you manage your properties effectively.

Tips For Choosing The Best Property Management Software

Choosing the right property management software can be a daunting task, considering the numerous options available in the market. Here are some factors to consider when choosing the best property management software for your needs:

Features

Look for software that offers the features you need to manage your properties efficiently. Some of the essential features include lease management, rent collection, tenant communication, maintenance management, accounting, and reporting.

Ease of Use

Choose software that is user-friendly and easy to navigate, even if you are not tech-savvy. A software that has an intuitive interface and requires little to no training can save you time and money.

Integration

Look for software that integrates with your existing tools, such as accounting software, payment gateways, and email services. This will help streamline your workflow and avoid duplicate data entry.

Scalability

Choose software that can grow with your business. Consider the number of properties you manage and the potential for expansion in the future.

Customer Support

Look for software that offers excellent customer support, including phone, email, and live chat support. Make sure they provide timely and reliable support to help you resolve any issues.

Pricing

Choose software that fits your budget. Some software offers a subscription-based pricing model, while others charge per property or per user. Make sure to compare the costs of different software before making a decision.

By considering these factors, you can choose the best property management software that meets your needs and helps you manage your properties more efficiently.

What Is The Best Property Management Software?

Here’s are some of the best property management software to try this year:

• Best overall: Buildium
• Best for commercial: Yardi Voyager
• Best for vacation rentals/ AirBnbs: Guesty
• Best for real estate: RealPage
• Best for facilities management: ServiceChannel
• Best free option: TurboTenant

Best Residential Property Management Software

This type of software is designed to manage residential properties such as apartments, single-family homes, condos, and townhomes. It helps property managers streamline tasks such as tenant screening, rent collection, lease agreements, maintenance requests, and accounting. 

1. Buildium

Best Overall Rental Property Management Software

Buildium is a cloud-based property management software that offers a comprehensive suite of features for managing rental properties, associations, and commercial properties. 

It stands out as one of the best overall property management software for several reasons.

First, Buildium offers a user-friendly interface that is easy to navigate, making it an ideal choice for property managers of all skill levels. 

Its intuitive design allows you to manage all aspects of your properties, from leases and rent collection to maintenance requests and accounting, in one place.

Second, Buildium’s robust features, including online rent collection, tenant screening, maintenance management, and customizable reporting, make it an all-in-one solution for property managers. 

This means that you can save time and money by not having to switch between different software or use manual processes.

Third, Buildium offers excellent customer support, including 24/7 phone and email support and a knowledge base with helpful articles and tutorials. 

This means that if you encounter any issues or have questions about the software, you can get the help you need quickly and efficiently.

Finally, Buildium’s pricing is competitive and transparent, making it accessible for small and large property management companies alike. 

With plans starting at just $50 per month, Buildium offers a scalable solution that can grow with your business.

Buildium Key Features:

• Online Rental Applications: Buildium offers a feature that allows potential tenants to submit rental applications online. This feature saves time and streamlines the tenant screening process.
• Automated Rent Collection: With Buildium, landlords can automate rent collection, reducing the need for manual processes. Tenants can pay rent online through credit card, ACH, or e-checks.
• Maintenance Management: Buildium allows landlords to track and manage maintenance requests, schedule preventive maintenance tasks, and assign work orders to contractors. Tenants can also submit maintenance requests online, improving communication and transparency.
• Customizable Reports: Buildium offers customizable reports that provide insights into property performance, financials, and maintenance requests. This feature helps landlords make informed decisions and monitor property performance.
• Tenant Portal: Buildium provides tenants with an online portal where they can submit maintenance requests, pay rent, and communicate with their landlords. This feature enhances tenant satisfaction and reduces the workload on landlords.
• Mobile App: Buildium offers a mobile app that allows landlords to manage their properties on the go. The app provides access to tenant information, financials, and maintenance requests.

Buildium Pros & Cons:

Pros:

• Tenant Portal: Buildium offers a tenant portal that allows tenants to pay rent, submit maintenance requests, and communicate with property managers directly. This feature streamlines communication and improves tenant satisfaction.
• Association Management: Buildium offers a unique feature for managing associations, including HOAs and condo associations. This feature includes tools for tracking dues, managing violations, and communicating with board members.
• Automatic Bank Reconciliation: Buildium offers automatic bank reconciliation, which saves property managers time and reduces the risk of manual errors.
• Document Storage: Buildium offers unlimited document storage, which is a valuable feature for property managers who need to keep track of important documents such as leases, contracts, and maintenance records.

Cons:

• Limited Accounting Features: While Buildium offers accounting features such as rent collection and reporting, some property managers may find its accounting features limited compared to other property management software.
• Limited Mobile App: While Buildium offers a mobile app, it is limited in features compared to the desktop version. Property managers who need to manage their properties on-the-go may find this limiting.

Buildium Pricing:

• Essential Plan: $52/month for up to 20 units. This plan includes basic features such as online rent collection, tenant and lease tracking, and maintenance tracking.
• Growth Plan: $166/month for up to 200 units. This plan includes all Essential features, plus additional features such as tenant screening, eLeasing, and accounting and reporting.
• Premium Plan: $479/month for more than 200 units. This plan includes all Growth features, plus additional features such as customized branding, unlimited document storage, and API access.

It’s important to note that Buildium offers a free trial of its software, which includes all features in the Growth Plan. 

Additionally, Buildium does not charge setup fees or require long-term contracts, making it a flexible option for property managers.

2. AppFolio

Best Property Management Software With Advanced Features

AppFolio is a cloud-based property management software that has gained a reputation for its user-friendly interface and comprehensive suite of features. 

With AppFolio, property managers can streamline their daily tasks, improve communication with tenants, and gain valuable insights into their properties’ performance. 

What sets AppFolio apart is its commitment to providing a seamless user experience, from the initial setup to ongoing support. 

AppFolio offers a range of resources, including online tutorials, webinars, and a dedicated support team, to ensure that property managers can make the most of the software’s capabilities.

AppFolio Key Features:

• Online Rent Payment: AppFolio offers an online rent payment system that allows tenants to pay their rent securely and conveniently through a variety of payment methods.
• Maintenance Management: With AppFolio, property managers can track maintenance requests, assign tasks to vendors, and monitor progress in real-time.
• Tenant Screening: AppFolio includes a comprehensive tenant screening process that includes credit checks, background checks, and rental history.
• Accounting and Reporting: AppFolio provides robust accounting features, including automated rent and fee collection, ledger tracking, and customized financial reports.
• Mobile App: AppFolio’s mobile app allows property managers to manage their properties on-the-go, including managing maintenance requests, viewing financial reports, and communicating with tenants.
• Customizable Lease Agreements: AppFolio allows property managers to create custom lease agreements and addenda, including electronic signatures for easy document management.
• Owner Portal: AppFolio’s owner portal allows property owners to view financial reports, track expenses, and communicate with property managers in real-time.

AppFolio Pros & Cons:

Pros:

• User-Friendly Interface: AppFolio is known for its user-friendly interface, making it easy for property managers to navigate and access important information.
• Robust Features: AppFolio offers a comprehensive suite of features, including online rent payment, maintenance management, tenant screening, accounting, and reporting.
• Customizable: AppFolio’s customizable lease agreements and addenda allow property managers to tailor their leases to specific properties and situations.
• Mobile App: AppFolio’s mobile app enables property managers to manage their properties on-the-go, increasing their efficiency and productivity.
• Dedicated Support: AppFolio offers a range of resources, including online tutorials, webinars, and a dedicated support team, to ensure that property managers can make the most of the software’s capabilities.

Cons:

• Pricing: AppFolio’s pricing can be a bit higher than some other property management software options, which may be a drawback for some property managers.
• Learning Curve: While AppFolio is generally user-friendly, there can be a bit of a learning curve when getting started with the software, especially for those who are not tech-savvy.
• No Integrated CRM: Unlike some other property management software options, AppFolio does not include a built-in CRM system, which may be a drawback for some property managers who want a more all-in-one solution.

AppFolio Pricing:

AppFolio operates on a per-unit, per-month pricing model, meaning that property managers pay a monthly fee for each unit they manage. 

The pricing varies depending on the number of units, the location of the properties, and other factors.

3. TurboTenant

Best Free Property Management Software

TurboTenant is a cloud-based software that has become a popular choice among landlords with more than 400,000 of them using it since its founding in 2015. 

The software has a strong reputation and has received three rounds of venture capital investment from three lead investors, amounting to over $10 million. 

Unlike other rental property management software platforms that only offer a limited number of units or trial period for free, TurboTenant is always 100% free regardless of the number of units managed. 

Its user interface is easy to navigate, making it a simple option for landlords.

While landlords can enjoy TurboTenant’s services for free, tenants are required to pay a $55 application and screening fee, a 3.49% credit card rent payment fee, and an optional renters insurance monthly fee starting at $8. 

Additionally, landlords can purchase optional services such as state-specific lease agreements for a one-time fee of $39, an unlimited number of electronic signatures for $9, and 32 common landlord forms for $145.

TurboTenant Key Features:

• Online rental applications: Tenants can easily apply for rental properties online, and landlords can receive and manage applications through the platform.
• Tenant screening: TurboTenant integrates with TransUnion to provide tenant screening reports, which include credit, criminal, and eviction history.
• Customizable lease agreements: Users can create and customize lease agreements to meet their specific needs and requirements.
• Rent collection: Landlords can collect rent payments online through ACH or credit card payments.
• Maintenance requests: Tenants can submit maintenance requests through the platform, and landlords can manage and track requests in real-time.
• Property listings: TurboTenant allows users to create and manage property listings, which can be easily shared across multiple rental listing sites.
• Centralized tenant communication: Landlords can send and receive messages from tenants through one centralized inbox.
• Reporting and analytics: Users can access detailed reports and analytics to help them better understand and manage their rental properties.

TurboTenant Pros & Cons:

Pros:

• Dedicated listing pages: TurboTenant allows landlords to create dedicated listing pages for their rental properties, which can help attract potential tenants and provide more detailed information about the property.
• Built-in e-signature: TurboTenant includes a built-in e-signature feature, which makes it easy for landlords to sign and send documents electronically.
• Analytics and reporting: TurboTenant provides detailed analytics and reporting features, which can help landlords make data-driven decisions about their rental properties.

Cons:

• Limited customization options: While TurboTenant offers some customization options for lease agreements, some users may find the options to be limited compared to other property management software options.
• Limited payment options: While TurboTenant allows landlords to collect rent payments online, it only supports ACH and credit card payments. Some landlords may prefer to offer additional payment options, such as PayPal or Venmo.
• Limited accounting features: TurboTenant does not offer robust accounting features like some other property management software options, which may be a drawback for landlords who require more advanced accounting functionality.

TurboTenant Pricing:

TurboTenant is a free property management software for landlords. 

There are no hidden fees or charges, and landlords can manage an unlimited number of rental units on the platform for free.

However, tenants who apply to rent a property through TurboTenant are charged an application fee of $35, which includes a credit and background check. 

Additionally, tenants who choose to pay rent with a credit card will be charged a 3.49% processing fee.

Landlords can purchase some optional services for a one-time fee. 

These services include state-specific lease agreements for $39, an unlimited number of electronic signatures for $9, and 32 common landlord forms for $145.

4. Propertyware

Best Software For Managing Single-Family Homes

Propertyware is a real estate management software owned by RealPage, a Texas-based company founded in 1998. 

With more than two decades of experience in the industry, Propertyware’s management team possesses extensive knowledge and understanding of the real estate sector. 

The platform has attracted over 12,500 clients from various regions worldwide, including Asia, Europe, and North America.

Designed for managing single-family homes, Propertyware is user-friendly and simple to navigate. 

Compared to other complex commercial management software, Propertyware stands out for its intuitive interface, making it the best choice for landlords who manage single-family homes. 

Landlords using Propertyware benefit from a range of management features, such as online rent collection, tenant screening services, vacant property marketing, lead tracking and follow-up, maintenance requests, accounting, and a vendor portal. 

Propertyware Key Features:

• Online rental applications: Propertyware offers online rental applications that make it easy for prospective tenants to apply for properties online. This feature eliminates the need for paper applications and simplifies the application process.
• Lease management: Propertyware allows property managers to create and manage lease agreements, automate rent payments, and track lease expirations.
• Maintenance management: With Propertyware, property managers can create and track maintenance requests, schedule and assign work orders, and communicate with maintenance staff and vendors.
• Accounting and financial management: Propertyware offers robust accounting and financial management tools, including accounts payable and receivable, general ledger, and financial reporting.
• Marketing and advertising: Propertyware provides marketing and advertising tools, such as website integration, online listings, and social media integration, to help property managers attract and retain tenants.
• Tenant portal: Propertyware’s tenant portal allows tenants to pay rent online, submit maintenance requests, view their account balances, and communicate with property managers.
• Owner portal: Propertyware’s owner portal allows property owners to view financial reports, track expenses, and communicate with property managers.
• Mobile app: Propertyware offers a mobile app that allows property managers to manage their properties on the go, access important information, and communicate with tenants and owners.

Propertyware Pros & Cons:

Pros:

• Capable of managing large portfolios
• Offers a mobile application
• Provides multiple pricing options

Cons:

• Some customers have complained about the quality of customer support
• Best suited for managing large portfolios
• Requires a monthly fee.

Propertyware Pricing:

• Basic: This plan is suitable for property managers with up to 250 units. The monthly cost starts at $1.00 per unit and includes core features such as online rental applications, lease management, maintenance management, and accounting and financial management.
• Plus: This plan is suitable for property managers with up to 1,000 units. The monthly cost starts at $0.80 per unit and includes all the features of the basic plan, plus additional features such as electronic payments, advanced reporting, and marketing and advertising tools.
• Premium: This plan is suitable for property managers with over 1,000 units. The monthly cost starts at $0.60 per unit and includes all the features of the Plus plan, plus additional features such as custom branding, integrations, and a dedicated account manager.

Propertyware also offers add-on features such as tenant screening, document storage, and website design services for an additional cost.

5. TenantCloud

Best For Small To Midsize Landlords & Property Managers

TenantCloud is a cloud-based property management software that enables landlords and property managers to streamline their rental management tasks. 

The platform offers a range of tools to help users manage leases, payments, maintenance requests, and more.

One of the key features of TenantCloud is its ability to allow landlords to advertise their available rental properties, collect online rental applications, and screen potential tenants. 

Once tenants have been selected, landlords can use the platform to manage lease agreements, collect rent payments, and communicate with tenants.

In addition to rental management tools, TenantCloud also offers a range of accounting features to help landlords keep track of their income and expenses. 

Users can generate reports and track financial data to help them make informed decisions about their properties.

TenantCloud Key Features:

• Property Advertising: TenantCloud allows landlords to create and publish property listings on various online rental marketplaces to attract potential tenants.
• Tenant Screening: Landlords can use TenantCloud to screen potential tenants by reviewing their rental history, credit score, and other relevant information.
• Lease Management: TenantCloud provides landlords with tools to create, track, and manage lease agreements for their rental properties.
• Rent Collection: Landlords can easily collect rent payments online using TenantCloud’s built-in payment processing system.
• Maintenance Requests: Tenants can submit maintenance requests through TenantCloud, which landlords can track and manage through the platform.
• Accounting: TenantCloud offers a range of accounting tools to help landlords manage their finances, including income and expense tracking, reporting, and tax management.
• Communication: Landlords and tenants can communicate with each other through TenantCloud’s messaging system, which helps to streamline communication and reduce misunderstandings.

TenantCloud Pros & Cons:

Pros:

• User-friendly interface
• Comprehensive features
• Affordable pricing
• Cloud-based platform
• Mobile app

Cons:

• Limited customization
• Limited integration options
• Limited reporting
• Not suitable for large property portfolios

TenantCloud Pricing:

Note that TenantCloud also offers a range of additional services, such as tenant screening reports, online rental applications, and customized websites, which may incur additional fees.

Best Commercial Property Management Software

This type of software is designed to manage commercial properties such as office buildings, shopping centers, and warehouses. It helps property managers track lease agreements, rent payments, maintenance schedules, and occupancy rates.

1. Yardi Voyager

Best Property Management Software For Larger Real Estate Portfolios

Yardi Voyager is a comprehensive property management software solution offered by Yardi Systems. 

It is designed to help real estate professionals manage their properties more efficiently and effectively, with a wide range of features and capabilities.

Some of the key features of Yardi Voyager include lease management, rent collection, maintenance management, tenant screening, accounting, and reporting. 

The software is highly customizable and scalable, making it suitable for large property management companies with complex requirements.

Yardi Voyager offers a user-friendly interface, with intuitive workflows and customizable dashboards. 

It is also fully integrated, meaning that data flows seamlessly between different modules, reducing manual data entry and the risk of errors.

Yardi Voyager Key Features:

• Customizable dashboards: Yardi Voyager allows users to create personalized dashboards that display the information and metrics that are most important to them. This helps users to stay organized and focused, and to access the data they need quickly and easily.
• Mobile access: Yardi Voyager offers mobile access, allowing users to access the software from their smartphones or tablets. This is particularly useful for property managers who are on the go and need to access important data and workflows while out of the office.
• Workflow automation: Yardi Voyager includes powerful workflow automation capabilities that can help property managers streamline their operations and reduce manual data entry. Users can set up workflows for tasks such as lease renewals, maintenance requests, and rent collection, reducing the amount of time and effort required to manage these processes.
• Integrated marketing tools: Yardi Voyager includes integrated marketing tools that allow users to promote their properties and attract new tenants. This includes features such as online advertising, property listings, and social media integration.
• Resident portal: Yardi Voyager includes a resident portal that allows tenants to manage their accounts, pay rent, and submit maintenance requests online. This can help to improve tenant satisfaction and reduce the workload on property managers.
• Vendor management: Yardi Voyager includes features for managing vendors and contractors, including tracking work orders, monitoring expenses, and managing contracts. This can help to streamline the vendor management process and reduce costs.

Yardi Voyager Pros & Cons:

Pros:

• Comprehensive features: Yardi Voyager offers a wide range of features and capabilities, including lease management, rent collection, maintenance management, tenant screening, accounting, and reporting.
• Customizable and scalable: Yardi Voyager is highly customizable and scalable, making it suitable for large property management companies with complex requirements.
• User-friendly interface: Yardi Voyager offers a user-friendly interface with intuitive workflows and customizable dashboards.
• Robust reporting and analytics: Yardi Voyager offers robust reporting and analytics capabilities, allowing users to generate a wide range of reports and make data-driven decisions.
• Mobile access: Yardi Voyager allows users to access the software from their smartphones or tablets, providing flexibility and convenience.

Cons:

• Steep learning curve: Yardi Voyager can be complex and overwhelming for new users, and may require significant training to use effectively.
• Expensive: Yardi Voyager is a premium software solution and can be expensive, particularly for smaller property management companies with limited budgets.
• Some features may be underutilized: With such a wide range of features, some users may find that they are not using all of the capabilities of Yardi Voyager to their full potential.

Yardi Voyager Pricing:

Yardi Systems typically does not disclose its pricing for Yardi Voyager publicly, as pricing can vary based on a variety of factors, such as the size and complexity of the property management company, the number of users, and the specific features and capabilities required.

However, Yardi Voyager is generally considered a premium property management software solution, with prices that are likely to be higher than some of its competitors.

Best Real Estate Property Management Software

This type of software is designed to manage the entire real estate portfolio of property managers and investors. It helps manage all aspects of the real estate business, including property management, accounting, leasing, and marketing.

1. RealPage

Best For Rental Real Estate

RealPage is a comprehensive property management software solution that provides a wide range of features and capabilities for managing residential and commercial real estate properties. 

The software is designed to help property managers streamline their operations, reduce costs, and improve tenant satisfaction.

One of the key benefits of RealPage is its scalability. The software is designed to meet the needs of property management companies of all sizes, from small apartment complexes to large commercial properties. 

The software can be customized to fit the specific needs and requirements of each property management company, and can be easily scaled up or down as the company grows or changes.

RealPage also offers a range of additional features and capabilities, such as online payments, resident portals, mobile access, and integrations with other software solutions. 

These features help to improve the tenant experience, reduce the workload on property managers, and increase efficiency and productivity.

RealPage Key Features:

• Intelligent Automation: RealPage uses artificial intelligence and machine learning to automate many routine tasks, such as invoice processing and lease renewal reminders. This helps property managers save time and reduce the risk of errors.
• ScreeningWorks Pro: RealPage’s screening solution, ScreeningWorks Pro, provides comprehensive tenant screening and background check services, including credit and criminal background checks, eviction history, and more. This helps property managers make informed decisions about potential tenants and reduce the risk of delinquent payments or property damage.
• Rentlytics: RealPage’s business intelligence and analytics platform, Rentlytics, provides in-depth insights into property performance, allowing property managers to make data-driven decisions and optimize their operations.
• Vendor Marketplace: RealPage’s vendor marketplace connects property managers with a network of vetted vendors and service providers, allowing them to quickly and easily find and hire contractors, repair services, and other vendors.
• Compliance Management: RealPage includes tools for managing compliance with state and federal regulations, including fair housing laws, tax requirements, and more. This helps property managers avoid penalties and legal issues.

RealPage Pros & Cons:

Pros:

• Comprehensive suite of features for managing residential and commercial properties
• Scalable and customizable to meet the needs of property management companies of all sizes
• Robust accounting and financial reporting capabilities
• Advanced tenant screening and background check services
• Mobile access and resident portals for improved tenant experience
• Integrations with other software solutions
• Business intelligence and analytics platform for data-driven decision-making

Cons:

• Pricing may be high for smaller property management companies
• User interface can be overwhelming or difficult to navigate for some users
• Some users have reported issues with customer support and technical support
• Limited options for customization and flexibility compared to some other software solutions
• Some users may find the software to be overly complex or difficult to learn.

RealPage Pricing:

RealPage offers customized pricing based on the needs of the property management company. As a result, there is no fixed pricing structure available on their website.

2. MRI Software

Best For Commercial Real Estate Management

MRI Software is a Cleveland-based company that provides cloud-based software and an app for property management. 

The company has been in operation since 1971, and it has a vast global presence, serving over 47,000 clients in more than 175 countries. 

It has also earned the trust of over 300 partners, a testament to the reliability and quality of its software.

MRI Software offers features that are designed to meet the unique needs of investors in commercial real estate. 

These include investment management reports, strategic planning, and analysis tools. 

As a result, it is considered the best rental property management software for commercial properties.

While MRI Software supports both commercial and residential properties, it is more suited for commercial properties due to the complexities involved in managing them. 

This makes it an ideal solution for businesses that own large portfolios of commercial properties or extensive residential properties. 

MRI Software Key Features:

• Mobile App: MRI Software offers a mobile app that allows users to access property information, track performance, and manage tasks from anywhere, at any time.
• Customizable Dashboards: The software includes customizable dashboards that provide an overview of key performance indicators and enable users to track and analyze data in real-time.
• Open Platform: MRI Software has an open platform that allows third-party applications to integrate with the software, enabling users to access a broader range of features and functionality.
• Artificial Intelligence: MRI Software incorporates artificial intelligence (AI) into its platform, which provides valuable insights into property and portfolio performance, helping users to make data-driven decisions.
• Cloud-based: The software is cloud-based, which means users can access it from anywhere, at any time, and on any device, as long as they have an internet connection.

MRI Software Pros & Cons:

Pros:

• The software comes with multiple advanced features.
• The company has a long and reliable history in the industry.
• The software is user-friendly and easy to use.

Cons:

• Price quotes for the software are not readily available and require contacting the company directly.

MRI Software Pricing:

The pricing for MRI Software is not readily available on their website and requires contacting the company directly to get a quote. 

The cost of the software may vary depending on the specific needs and requirements of the user, such as the number of properties being managed and the level of functionality required.

Best For Vacation Rental Management

This type of software is designed to manage vacation rentals such as Airbnb properties, short-term rentals, and vacation homes. It helps property managers automate tasks such as online bookings, reservations, guest communication, and payment processing.

1. Guesty

Best Property Management Software For Vacation Rentals

Guesty is a comprehensive vacation rental property management software designed to streamline and automate operations for vacation rental property managers and owners. 

It offers a range of tools and features to help users manage their properties more efficiently and maximize their rental income.

With Guesty, users can manage reservations, bookings, and payment processing from one centralized platform. 

The software integrates with major vacation rental marketplaces like Airbnb, Booking.com, TripAdvisor and HomeAway, allowing users to sync all their property listings and calendars across multiple platforms.

Guesty’s advanced automation features help to reduce manual tasks, such as responding to inquiries, sending check-in instructions, and following up with guests after their stay. 

Users can also set up automated messaging, reviews, and pricing rules, to ensure consistent communication with guests and optimize their rental pricing strategy.

Guesty Key Features:

• Channel Management: Guesty integrates with major vacation rental marketplaces like Airbnb, Booking.com, and HomeAway, allowing users to sync all their property listings and calendars across multiple platforms.
• Reservation Management: Users can manage reservations, bookings, and payment processing from one centralized platform. This includes the ability to create and manage quotes, accept payments, and send invoices.
• Automation: Guesty’s advanced automation features help to reduce manual tasks, such as responding to inquiries, sending check-in instructions, and following up with guests after their stay. Users can also set up automated messaging, reviews, and pricing rules.
• Communication and Support: Guesty provides 24/7 guest communication and support, including a customizable guest communication platform that allows users to automate messages and respond quickly to guest inquiries.
• Mobile App: Guesty offers a mobile app for iOS and Android devices that allows users to manage their properties on the go.
• Reporting and Analytics: Guesty provides customizable reports and analytics that allow users to track key metrics like occupancy rates, revenue, and expenses.
• Integrations: Guesty integrates with a variety of third-party services, including cleaning and maintenance providers, keyless entry systems, and revenue management tools.

Guesty Pricing:

Guesty offers flexible pricing plans based on the needs and size of your vacation rental business. 

The pricing plans are customizable and are based on the number of properties you manage. 

Guesty’s pricing is not publicly available on their website and is only available upon request.

Guesty offers a free demo to give potential customers a chance to explore the software’s features before committing to a paid plan. During the demo, users can get a personalized pricing quote based on their specific needs.

2. Lodgify

Best Vacation Rental Software For Customizations

Lodgify is a cloud-based vacation rental management software that simplifies the process of managing reservations, payments, and communication with guests for vacation rental property managers and owners. 

With its user-friendly interface and robust feature set, Lodgify is a popular choice for businesses of all sizes looking to streamline their operations and maximize their revenue.

One of the standout features of Lodgify is its ability to create custom websites for vacation rental properties. 

With a drag-and-drop website builder and customizable templates, users can create professional-looking websites that showcase their properties and attract potential guests. 

These websites are fully integrated with Lodgify’s reservation management system, allowing guests to book directly from the website and making it easy to keep track of reservations and payments.

Lodgify also offers powerful tools for managing reservations and payments. 

Users can set up automated booking confirmation emails, payment reminders, and refund policies, reducing the need for manual follow-up and ensuring a smooth booking process for guests. 

The software integrates with major vacation rental marketplaces like Expedia, Airbnb and Booking.com, allowing users to sync their calendars and manage all their reservations from one centralized platform.

Lodgify Key Features:

• Customizable Websites: Lodgify allows users to create custom websites for their vacation rental properties, complete with professional templates and a drag-and-drop website builder.
• Reservation Management: Users can manage reservations, bookings, and payment processing from one centralized platform. This includes the ability to create and manage quotes, accept payments, and send invoices.
• Channel Management: Lodgify integrates with major vacation rental marketplaces like Airbnb, Booking.com, and HomeAway, allowing users to sync all their property listings and calendars across multiple platforms.
• Automated Messaging: Users can set up automated messaging to communicate with guests before and after their stay, reducing the need for manual follow-up and ensuring a positive guest experience.
• Payment Processing: Lodgify supports a variety of payment processors, including Stripe and PayPal, and allows users to set up automated payment reminders and refund policies.
• Multi-Currency and Multi-Language Support: Lodgify supports multiple currencies and languages, making it easy for users to accept bookings from guests around the world.

Lodgify Pricing:

Lodgify offers several pricing plans to accommodate different business needs and budgets. 

The pricing plans are based on the number of properties and the level of features needed. 

All of Lodgify’s pricing plans come with a 7-day free trial, allowing users to try out the software before committing to a paid plan. 

In addition to the core pricing plans, Lodgify also offers additional services for an extra fee, including website design, channel management, and custom integrations.

Best Software For Facilities Management

This type of software is designed to manage the maintenance and repair of buildings and facilities. It helps facility managers track work orders, maintenance schedules, equipment inventory, and vendor contracts.

1. ServiceChannel

Best Overall Facilities Management Services

ServiceChannel is a leading software platform that offers property management and facility management solutions to businesses across various industries. 

The software offers an easy-to-use platform that streamlines maintenance and repair operations, ensuring facilities run smoothly.

ServiceChannel’s property management software provides businesses with access to a network of service providers and contractors, enabling them to quickly and easily find and hire service providers for various maintenance tasks. 

The platform also offers tools for tracking service requests, managing work orders, and monitoring performance.

With ServiceChannel, businesses can monitor and manage all aspects of their facilities, including HVAC systems, plumbing, electrical, and more. 

The software helps businesses reduce costs by providing insights into how facilities are being used, identifying inefficiencies, and optimizing maintenance and repair schedules.

ServiceChannel Key Features:

• Service Request Management: ServiceChannel’s software allows users to submit and track service requests online, reducing the need for manual processes and paperwork. Users can easily create work orders, set priority levels, and assign tasks to specific service providers.
• Contractor Management: The software provides access to a vast network of service providers, allowing users to quickly find and hire contractors for various maintenance tasks. Users can review contractor profiles, check service ratings, and communicate with contractors directly through the platform.
• Preventative Maintenance: ServiceChannel allows users to create preventative maintenance schedules, reducing the risk of equipment failure and costly repairs. Users can track maintenance activities, set reminders, and generate reports to ensure that all equipment is properly maintained.
• Analytics and Reporting: The software provides detailed analytics and reporting tools that enable users to monitor and measure performance across their facilities. Users can track key performance indicators (KPIs), identify trends, and gain insights into the health of their facilities.
• Budget Tracking: ServiceChannel’s budget tracking tools allow users to track expenses and manage budgets for various maintenance and repair projects. Users can set budget thresholds, review spending history, and generate reports to ensure that all projects are completed within budget.
• Compliance Management: The software provides compliance management tools that help users ensure that their facilities are compliant with industry standards and regulations. Users can track compliance activities, set reminders, and generate reports to demonstrate compliance to regulators and auditors.

ServiceChannel Pricing:

ServiceChannel offers customized pricing plans tailored to the needs of individual businesses. The cost of the software depends on the number of facilities, the level of support required, and the specific features needed.

Interested businesses can request a quote by contacting the ServiceChannel sales team. They will assess the business needs and provide a customized pricing plan.

ServiceChannel also offers a free demo of their software, which provides businesses with an opportunity to explore the platform and its features before committing to a subscription.

2. Hippo CMMS

Best For Managing Maintanance Efficiently

Hippo CMMS is a cloud-based software platform designed to help businesses manage their facilities and assets. 

It is specifically tailored to provide facilities property management solutions that improve productivity and efficiency while reducing downtime.

The software provides businesses with a centralized platform that allows for easy management of facilities and assets, including maintenance, repairs, and inspections. 

It is easy to use, flexible, and customizable to meet the specific needs of businesses in various industries.

Hippo CMMS also provides comprehensive reporting and analytics, providing valuable insights into the performance of facilities and assets. 

It is an ideal solution for businesses looking to streamline their maintenance and facility management processes, improve communication and collaboration between teams, and reduce costs by optimizing equipment maintenance schedules.

Hippo CMMS Key Features:

• Work Order Management: The software allows businesses to create and track work orders, assign tasks to team members, and monitor progress in real-time.
• Asset Management: Hippo CMMS enables businesses to track and manage their assets, including equipment, machinery, and facilities.
• Preventive Maintenance: The software provides tools for scheduling and managing preventive maintenance tasks to reduce equipment downtime and maintenance costs.
• Inventory Management: Businesses can use Hippo CMMS to track inventory levels and manage stock levels for spare parts and supplies.
• Customizable Reports: Hippo CMMS provides customizable reporting tools that enable businesses to track and analyze maintenance data, identify trends, and make informed decisions.
• Mobile App: The software offers a mobile app that allows businesses to manage maintenance tasks and work orders on-the-go.
• Vendor Management: Hippo CMMS enables businesses to manage their vendor relationships, including tracking vendor performance and managing contracts.
• Compliance Management: The software provides compliance management tools that help businesses ensure that their facilities and assets are compliant with regulatory requirements.
• User-friendly Interface: Hippo CMMS offers an easy-to-use interface that allows businesses to manage maintenance tasks and assets with ease.

Hippo CMMS Pricing:

Hippo CMMS also offers a free trial of their software that allows businesses to test out the features and functionality before committing to a subscription. Additionally, they offer a demo of their software that provides an overview of the platform and its features.

Best Property Management Software For Assets

This type of software is designed to manage the financial performance of real estate assets. It helps property managers track income and expenses, monitor property values, and make data-driven investment decisions.

1. Re-Leased

Re-Leased is a cloud-based property management software that helps commercial property managers and landlords manage their real estate assets efficiently. 

Founded in 2013 and headquartered in New Zealand, Re-Leased has since expanded globally and serves customers in over 40 countries.

The software offers a comprehensive suite of features to manage all aspects of a property’s lifecycle, including lease management, financial reporting, maintenance tracking, and document management. 

The platform is designed to be easy to use and intuitive, allowing users to access all of their property information from a single dashboard.

Re-Leased’s lease management functionality allows users to create, store, and manage leases, as well as track rent payments and lease expiration dates. 

This helps users stay on top of lease renewals and ensure that they are maximizing their rental income.

The financial reporting features in Re-Leased provide users with detailed insights into their property performance, including rent rolls, arrears reports, and expense tracking. 

This enables users to make informed decisions about their real estate investments and improve their financial outcomes.

Re-Leased Key Features:

• Lease Management: Re-Leased provides lease management functionality that enables users to create, store, and manage leases, as well as track rent payments and lease expiration dates. It also supports automated rent increases and calculates rent arrears.
• Financial Reporting: The software provides detailed financial reporting that allows users to access key metrics, including rent rolls, arrears reports, and expense tracking. It also supports budgeting and forecasting.
• Maintenance Management: Re-Leased’s maintenance management module enables users to schedule and track maintenance tasks, manage work orders, and track vendor relationships. It also supports preventative maintenance and enables users to create and manage maintenance budgets.
• Document Management: The software includes a document management system that allows users to store and organize all property-related documents, such as leases, invoices, and contracts, in a single location.
• Tenant Portal: Re-Leased includes a tenant portal that enables tenants to view their lease details, make rent payments, and submit maintenance requests online.
• Mobile App: The software offers a mobile app that allows users to access property information, receive maintenance requests, and manage their properties on the go.
• Integration: Re-Leased integrates with a range of accounting and property management software, including Xero, QuickBooks, and Property Tree, enabling users to streamline their workflows and avoid manual data entry.

Re-Leased Pricing:

Re-Leased offers a subscription-based pricing model, with pricing tailored to the number of properties being managed. The pricing also varies based on the geographic location of the properties. Here is an overview of Re-Leased’s pricing:

• United Kingdom: The pricing starts at £20 per property per month for up to 5 properties, and decreases as the number of properties increases.
• United States: The pricing starts at $40 per property per month for up to 5 properties, and decreases as the number of properties increases.
• New Zealand: The pricing starts at NZD 25 per property per month for up to 5 properties, and decreases as the number of properties increases.

Benefits Of Using Property Management Software

Property management software provides a comprehensive solution for managing all aspects of a property, from accounting and tenant management to maintenance and marketing. Here are some of the key benefits of using property management software:

Streamlined accounting:

Property management software can help landlords and property managers streamline their accounting processes. The software can automate tasks such as rent collection, late fee assessments, and expense tracking. By automating these tasks, the software can help ensure that rent payments are received on time and that late fees are properly assessed. The software can also generate financial reports, such as profit and loss statements and balance sheets, and provide a centralized view of financial information. This can help landlords and property managers make informed decisions about their properties and finances.

Efficient tenant management:

Property management software can help landlords and property managers manage their tenants more efficiently. The software can keep track of important tenant information, including lease agreements, rent payments, and maintenance requests. It can also help automate the tenant screening process, which can help ensure that potential tenants meet the necessary qualifications and comply with fair housing laws. By centralizing tenant information, the software can help landlords and property managers stay organized and informed.

Simplified maintenance management:

Property management software can help landlords and property managers manage their maintenance needs more efficiently. The software can track maintenance requests and work orders, assign tasks to maintenance staff, and generate maintenance reports. This can help ensure that maintenance requests are addressed in a timely manner and that properties are well-maintained. By automating these tasks, the software can help reduce the administrative burden on landlords and property managers.

Improved communication:

Property management software can facilitate communication between landlords, property managers, tenants, and maintenance staff. The software can provide messaging and notification systems that can help keep everyone informed and up-to-date. For example, the software can send automated rent reminders to tenants, notify landlords and property managers when maintenance requests are submitted, and allow maintenance staff to communicate with tenants about repairs. By improving communication, the software can help reduce misunderstandings and improve overall satisfaction.

Enhanced marketing capabilities:

Property management software can help landlords and property managers market their properties more effectively. The software can enable listing syndication, which means that property listings can be automatically distributed to multiple online platforms. The software can also provide online applications and virtual tours, which can help attract more potential tenants and fill vacancies faster. By enhancing marketing capabilities, the software can help landlords and property managers reach a wider audience and improve their occupancy rates.

Best Practices For Using Property Management Software

Here are some tips and best practices for using property management software to manage your properties more efficiently:

Set up the software correctly: 

To get the most out of property management software, it’s important to set it up correctly from the beginning. Make sure you input all the necessary information about your properties and tenants, and customize the software settings to match your needs. This will help ensure that the software can automate tasks and generate reports correctly.

Train yourself and your team: 

Make sure that you and your team are trained on how to use the software effectively. This may involve attending training sessions or watching tutorial videos. Ensure that everyone who will be using the software is comfortable with it and knows how to navigate it.

Keep your data up-to-date: 

It’s important to keep your property management software up-to-date with the latest information about your properties and tenants. This will help ensure that the software can automate tasks and generate accurate reports. Make sure to update the software regularly with information about new tenants, rent payments, maintenance requests, and other important data.

Utilize automation: 

Property management software can automate many tasks, such as rent collection and maintenance requests. Take advantage of these automation features to save time and reduce administrative tasks. This will allow you to focus on more strategic tasks, such as improving occupancy rates or managing your finances.

Use the software to improve communication: 

Property management software can also improve communication between you, your team, and your tenants. Take advantage of the messaging and notification features to keep everyone informed about important updates, such as rent reminders or maintenance requests. This can help improve overall satisfaction and reduce misunderstandings.

Regularly review reports: 

Property management software can generate reports on financial performance, occupancy rates, and maintenance requests. Make sure to review these reports regularly to identify any issues or areas for improvement. Use this information to make data-driven decisions about your properties and to identify opportunities to improve efficiency.

How To Use Property Management Software

If you’re a landlord looking to get started, here’s a step-by-step overview of the process on TenantCloud. 

These steps will help you set up your account, add properties and tenants, and start using TenantCloud’s property management features to streamline your business operations.

Step 1: Enter Property Information

To get started with TenantCloud, the first step is to enter your property information and click on the “Next” button to proceed to the next step. If you manage multiple properties, you can add them later on by completing the onboarding form.

Step 2: Selecting Tenant Management Options

In step 2, you’ll have the option to either indicate whether your property already has tenants or choose to find new tenants by listing your property on TenantCloud.

Step 3: Listing Your Property for Rent

If you have chosen to list your property to find new tenants, step 3 involves filling out necessary information such as marketing descriptions, uploading property photos, and selecting features and amenities. Once complete, click the “Continue” button to proceed.

If your property is already occupied, in this step, you will need to enter tenant information and create a basic lease, which you can edit later on.

Congratulations! You Have Successfully Completed the Onboarding!

Frequently Asked Questions

Conclusion

In conclusion, there are several property management software options available in the market, each with its own set of features, pricing, and pros and cons.

When selecting a property management software, it’s important to consider your specific needs, budget, and the size of your property portfolio.

Buildium, AppFolio, and TenantCloud are all popular property management software options, each with unique features and benefits that may make them a good fit for different property managers.

Ultimately, taking the time to research and compare software options can help you make an informed decision and find the best solution to streamline your property management operations and improve your tenant experience.

Last updated on April 20th, 2023 at 02:45 am