Check out the 6 best property management software solutions and find the one that bests suits your business needs and budget.
If you’re a property manager, you know how important it is to stay organized, efficient, and productive. However, 32% of property managers said efficiency is their main issue.
That’s where property management software comes in. Whether you manage 50 units or just one, this digital solution allows you to streamline your daily operations, automate tasks, and improve communication with your team and tenants.
Let’s take a look at some of the best property management software on the market today to find your perfect match and take property management to the next level.
If you don’t have the time to read through our research, jump down to our quick comparison table.
Our Top Picks
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Best all-in-one property management software
Learn more -
Good for collecting online payments
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Good for tenant screening
What to Look For in a Property Management Software
When looking for your best property management software pick, keep an eye out for the following aspects and features:
- Ease of use: It’s easy to set up and offers an intuitive user experience.
- Customizability: It’s customizable to suit your team structures.
- Inspection management: It allows you to manage property inspections, for instance, with scheduling and reporting tools.
- Maintenance management: You can manage maintenance work orders, assign them to your team, and track their progress.
- Financial management: You can track rent payments, expenses, and other financial transitions. It may also allow tenants to make rent payments online.
- Tenant management: You can manage tenant information, such as lease agreements and move-in and move-out dates.
- Document management: You can digitally store documents such as lease agreements and insurance policies.
- Analytics: You can generate reports and analyze information gathered in the system.
- Price: It is cost-friendly and suits your budget.
- Support: It comes with good customer support to help you with any issues.
The 6 Best Property Management Softwares of 2023
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Connecteam — Best all-in-one property management software
Available on
- Web
- iOS
- Android
Kicking off our list is Connecteam’s all-in-one employee and property management software. This mobile-first solution lets you stay on top of your daily operations and in touch with your staff easily and efficiently, even while on the go.
Let’s break down how it can simplify your day-to-day:
Digital tasks, forms, and checklists
Quickly create tasks, assign these for your employees to complete on the job, and maintain a clear overview of their progress in real-time. This could be anything from one-off maintenance requests to routine inspections and cleaning jobs.
Add all the information your employees need to get to work and get the job done on time, such as notes and deadlines.
Attach custom reports, forms, and checklists for your staff to fill out, add electronic signatures to, and submit back for your review to stay in the loop and ensure compliance.
Job scheduling
Easily build optimal schedules based on each employee’s submitted availability and job qualifications. Include all relevant information, such as location and tasks, so your staff has everything they need to perform at their best on their mobile phones.
Information sharing
Create and organize all company knowledge in one centralized and accessible place. This way, your staff can quickly access up-to-date information, from policies to manuals, wherever they are working from. You can also easily share information or files via chat, update, or simply attach it to a shift or task.
Company directory
With this digital company directory, you and your team can quickly look up and contact any work contact directly through the app without saving the contact to your mobile phone.
The directory can include contact information of employees, clients, contractors, and other stakeholders involved in your property management operations.
Internal communication
Instantly communicate with your staff via private, group, or company-wide chats and share important updates right to your company feed. This keeps your team connected, informed, and engaged from anywhere.
Connecteam also offers a free for life plan – Get Started Now!
Key Features
Pros
Intuitive and easy to use
All-in-one solution
Great customer support
Budget-friendly
Cons
Does not have a customer portal
Pricing
Free-for-life plan availablePremium plans start at $29/month for 30 users
14-day free trial, no credit card required
Start your free trial -
Buildium — Good for collecting online payments
Available on
- Web
- iOS
- Android
- Windows
- Mac
Buildium’s property management software aims to help commercial real estate professionals win new business from property owners and community associations seeking services.
It offers features for the entire property management journey, including approving lease applications, managing maintenance requests and work orders, handling online payments to vendors, owners, and residents, and updating financials.
The rental property management software further offers a mobile app, making it fully accessible from anywhere.
Learn more about BuildiumKey Features
- Property listing
- Showing
- Tenant screening
- Online rent payments
Pros
- Good online payment options
- Feature-rich
Cons
- Prone to bugs
- Features could use further development
Pricing
Starts at $52/month Trial: Yes Free Plan: No
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TurboTenant — Good for tenant screening
Available on
- Web
TurboTenant is a property management software that aims to provide landlords with a one-stop shop to simplify and grow their rentals.
It offers a wide variety of features that allow you to handle the main aspects of property management. This includes marketing your rentals across the web, gathering online rental applications, screening tenants through credit reports and background checks, and creating state-specific lease agreements. Via the online tenant portal, your tenants can pay rent, relay issues, and message you.
TurboTenant offers a free property management software plan with limited features and a paid plan to unlock more capabilities.
Learn more about TurboTenantKey Features
- Rental marketing
- Online rental applications
- Tenant screening
- Expense tracking
Pros
- Feature-rich
- Feature-rich
Cons
- Poor customer support
- Lacks accounting features
Pricing
Starts at $8.25/month Trial: No Free Plan: Yes
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AppFolio — Good for connecting with residents
Available on
- Web
- iOS
- Android
AppFolio is an online property management solution with various management and accounting tools. Easily centralize your property management processes, including marketing, accounting, online rent payments, applicant screening, and online lease management.
The platform works well with many property types, such as residential, commercial, HOA, and student housing. This allows landlords and residents to get a clear communication channel, marketers can improve online visibility and property listings, and property owners can effortlessly manage their properties.
Learn more about AppFolioKey Features
- Communication
- Accounting
- Maintenance management
- Marketing and leasing
Pros
- Easy to use
- Good customer service
Cons
- Features need refinement
- Lacks integration options
Pricing
Start at $1.25/unit/month Trial: No Free Plan: No
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Rent Manager — Good for tracking task progress
Available on
- Web
- iOS
- Android
- Windows
- Mac
Rent Manager’s property management software aims to combine all the features you need to continue building your exceptional business.
It offers robust features to further companies that handle real estate portfolios of every type and size. Top features include open API, VoIP phone integration, online portal tools, electronic payments, enterprise accounting, mobile applications, and more.
Rent Manager also has voice recording and broadcasting capabilities, a virtual post office, so you don’t need to print anything anymore, and reporting features to create lease agreements, quick reports, and other vital files.
Learn more about Rent ManagerKey Features
- Accounting
- Project progress tracking
- Rent manager reports
- Leasing
Pros
- Easy to use
- Good customizability
Cons
- Prone to bugs
- Unengaging user interface
Pricing
Contact vendor for price Trial: No Free Plan: No
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MRI Software — Good for processing online payments
Available on
- Web
- iOS
- Android
- Windows
- Mac
MRI Software is a property management solution that aims to transform the way communities live, work, and play.
It offers features for managing commercial and residential properties. It lets your team access critical tenant data, automate lease calculations, and streamline daily operations. It also offers resident and tenant portals where customers can make online payments and share information.
Unfortunately, MRI Software isn’t transparent regarding its pricing policy and requires you to contact its support team for more information.
Learn more about MRI SoftwareKey Features
- Fee accounting
- Asset management
- Lease administration
- Data management
Pros
- Easy to use
- Intuitive user interface
Cons
- Hard to learn
- Poor customer support
Pricing
Contact vendor for price Trial: No Free Plan: No
Compare the Best Property Management Softwares
| Topic |
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|---|---|---|---|---|---|---|
| Reviews |
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| Pricing |
Starts at just $29/month for the first 30 users
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Starts at $52/month
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Starts at $8.25/month
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Start at $1.25/unit/month
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Contact vendor for price
|
Contact vendor for price
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| Free Trial |
yes
14-day
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yes
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no
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no
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no
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no
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| Free Plan |
yes
Free Up to 10 users
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no
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yes
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no
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no
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no
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What Is Property Management Software?
Rental property management software is a digital tool that allows property managers and landlords to streamline and automate their day-to-day operations. This mainly includes managing, tracking, and organizing critical information about your properties and tenants, including rent payments, lease agreements, maintenance requests, and financial records on one centralized platform.
How Does Property Management Software Work?
While each property management software solution works differently, the first step often involves adding your properties and all relevant property information to the system, such as the address. You can then add tenants and track their lease agreements, rent payments, and other relevant information.
Property management software typically includes a feature to collect rent through which tenants can pay rent. It often also allows you to manage maintenance requests, assign these to your staff, and track progress. Reporting tools further allow you to generate reports on information gathered in the system, such as rental income and expenses.
What Are the Benefits of Property Management Software for Small Businesses?
The main benefits of using small property management software include that it helps:
- Boost efficiency by allowing you to automate complex daily tasks and processes. This further allows you to save time so that you can focus on the bigger picture.
- Increase organization by allowing you to organize, manage, and track important information and processes on a centralized platform.
- Boost security by providing a secure platform for managing sensitive information, such as tenant information and financial data. This helps to protect the privacy and security of tenants and property managers.
- Gain real-time insights by giving you a clear overview of all data managed in the system. This lets you stay on top of your operations and make informed decisions.
How Much Does Property Management Software Cost?
The pricing of property manager software can vary widely depending on its features and capabilities, as well as the size and complexity of your property management needs. Some software solutions charge a one-time fee, while others have a monthly or annual subscription fee. The price often ranges from $50-$500 per month.
Note that high pricing does not necessarily equal a better user experience. Our number one pick, Connecteam, offers premium plans at a flat monthly rate of $29 for the first 30 employees.
FAQs
Do I need to have any technical expertise to use property management software?
Most property management solutions are designed to provide property management companies with a user-friendly and intuitive user experience to manage any number of units, without requiring any technical expertise. However, some platforms have a steeper learning curve than others, so choose one that matches your technical abilities and needs.
Can property management software integrate with other software solutions?
Yes, they often offer integration options that help streamline your workflows. This can, for instance, be accounting, customer relationship management (CRM), payroll management, or investment management software.
Is property management software suitable for small landlords?
Yes, many software providers offer plans designed specifically for small businesses. Property management software for small businesses will help landlords who manage one or a few rental properties streamline their day-to-day tasks and save time.
The Bottom Line On Property Management Software
By choosing the best property management software for small businesses, you can streamline your daily operations, improve efficiency, and ultimately confidently grow your portfolio.
Take the time to evaluate your options and choose the right software for your business to take your property management to the next level and achieve your goals with greater ease and efficiency.