10 Best Property Management Software of 2024 (Updated)


Steve Bennett
Steve Bennett
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Property Management Software is one of the most important software you currently need. We know!

Today’s Property Management Softwares are incredibly versatile, and because of strong competition, have remained a relatively low-cost investment for most.

Currently, with dozens of options available for Property Management Software in the market – finding the right Property Management Software of 2024 can be tricky.

So we spent dozens of hours researching and testing everyone we could get my hands on.

Based on our experience with the apps, here are 10 Best Property Management Software. Click on any app to learn more about why we chose it, or keep reading for more context on Property Management Software.

What is Property Management Software?

Property management software simplifies and automates landlords’ and property owners’ or managers’ day-to-day tasks. Property management software’s fundamental feature is around the management of real estate, whether it’s in terms of physical space, tenant leasing, or accounting. Property management software can scale up or down depending on the size of a property portfolio and supports a number of residential and commercial property types. Property management software can be anything from simple point solutions to a full-fledged enterprise resource planning ERP platform. As a result, whether a property management solution is combined with rental payment software, lease administration software, lease accounting software, or community association management software, the capabilities of the property management solution can be greatly enhanced. Facility management software lets users manage the operations and physical assets of industrial particular premises, whereas real estate activities management software or brokerage management software can be valuable to real estate agents or an agency for back office operations management. The functionality of products in the property management category must be tailored to one or more of the following sectors. mixed-use, commercial, industrial, or retail single-family or multi-family The management of any income-producing properties and business spaces is made easier with commercial property management. Property management for industrial, retail, or mixed-use properties is a subset of commercial property management. Industrial, manufacturing, warehouses, and other mixed-use properties Residential property management eases the management of any residential property, whether it’s a single family house, a multifamily property, or both. A subset of residential property management is supported by multifamily property management. residential structures with many housing units and tenants A product must track and manage the financials of a real estate property to be considered for inclusion in the Property Management category. Property owners, managers, and landlords can use it. Automate a real estate property’s day-to-day activities. Establish a communication channel or technique between the tenant and the property manager.

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10 Best Property Management Software

1
AppFolio Property Manager

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Run your entire portfolio on one modern platform. AppFolio’s intuitive and user-friendly experience gives your property management team the tools they need to provide excellent service to residents and owners. Whether you manage multifamily apartment complexes, single-family homes, or community associations, our software has everything you need to streamline and grow your business. Feature highlights: Self-service online owner and renter portals, online applications and leases, online payments

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2
Entrata

Founded in 2003, Entrata® is the only comprehensive property management software provider with a single-login, open-access platform. Offering a wide variety of online tools including websites, mobile apps, payments, lease signing, accounting, and resident management, the Entrata® platform currently serves more than 20,000 apartment communities nationwide. Entrata’s open API and superior selection of third-party integrations offer management companies the freedom to choose the technology and software that best fit their needs. For more information, go to www.entrata.com. .

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3
Buildium

Buildium, a Real Page company, provides a cloud-based property management solution that makes it possible for managers of residential and association properties to take control of every aspect of their business, whether in the office or fully remote, including online rent and payments, vacancy management, maintenance cycles, and accounting. Buildium brings the full lead-to-lease cycle online, from syndicating vacancies to handling lease applications online, to handling tenant screening services, lease renewals, online rent payments and more. Buildium provides full general ledger accounting, as well as automated rent and fee reminders and on-demand reports. Property managers can also offer their residents the ability to make all payments online, set recurring payments, and purchase renters’ insurance, all through Buildium’s Resident Center site and dedicated mobile app. Residents and property owners can submit maintenance requests through dedicated online sites and mobile apps. Property managers can turn requests into work items and assign them to maintenance managers and staff, communicating status updates and confirming the completion of the work, all from one central location. Recently, Buildium announced business analytics and insights to help property managers track their business performance in the context of the market around them, as well as an Open API, designed to free your data and allow the export of key data points from Buildium into other business tools and systems. Additionally, the integration with All Property Management, a Buildium company, means that property managers can receive and manage new business leads, all from within the Buildium dashboard. .

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4
Knock CRM

Knock is a CRM and performance management platform for residential property management leasing teams, marketers, regional managers, and leadership that harnesses best-in-class automation, integration, and data transparency tools to improve occupancy and drive renewal rates. A trusted and proven technology leader in the multifamily space, Knock is used by hundreds of the largest property management companies across the U.S. and Canada..

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5
LeaseHawk

As a software pioneer for the multifamily industry, LeaseHawk brings cutting-edge technologies that use artificial intelligence and natural language processing to property management companies and owners. The LeaseHawk Performance Platform and virtual leasing assistant, ACE, are trusted by leading multifamily businesses to elevate the key aspects of their business—their people and their marketing. With LeaseHawk, you will be able to optimize your leasing process and close leases faster by empowering success at every level of your organization. ACE, Your Virtual Leasing Assistant It’s no secret that even the best leasing offices miss calls from time to time. In fact, they miss nearly 49% of all calls. Support your leasing team with the industry’s most robust virtual leasing assistant, ACE from LeaseHawk. ACE uses Artificial Intelligence (AI) and natural language processing to understand the needs of prospects. It pleasantly answers calls and chats, creates guest cards, and sets appointments, 24/7. Key Features: – Conversational virtual leasing assistant that takes calls, texts, and chats, 24/7/365. – Assists prospects with 160+ leasing inquiries, including pricing and availability. – Collects guest cards and sets appointments. – Pushes guest card and appointment notifications to your CRM and/or email. – Integrates with your Property Management System (PMS). The LeaseHawk Performance Platform Property owners and management companies are bombarded with data. How is it possible to make sense of it all? LeaseHawk simplifies your data and displays your key leasing metrics in an easy-to-use dashboard. It opens the visibility needed for decision-makers to audit their marketing and employee performance to maximize lease conversion. Key Features: – Unlimited tracking phone numbers (includes DNI) to track and measure your ad sources. – Robust telephony features, such as IVR, call routing, whisper greeting, and more. – Easy-to-use CRM software that allows your leasing team to easily manage their relationship with each prospect and resident. – Inbound calls are evaluated and categorized as 1 of 18 caller types, such as Prospect or Resident. This allows you to prioritize follow-up activity and gain insight into the sources that provide you the most Prospects, not just calls. – Agents that answer eligible prospect calls are evaluated on their phone performance using a scorecard of best practices. Identifies training opportunities and a standardized approach to measuring the performance of your leasing team. – Data and insights are available to you in a robust and intuitive reporting system. – Integrates with your Property Management System (PMS). .

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6
Yardi Breeze

Take control of your property marketing, leasing, accounting and operations with Yardi Breeze. Your entire portfolio can be managed with one refreshingly simple solution that supports residential, commercial, affordable, PHA, manufactured housing, condo/associations and self storage markets. Breeze saves you time and money while streamlining tasks around marketing, leasing, rent collection, maintenance, financial reporting and more. Easy-to-use web portals for applicants, renters and owners make it easier than ever to collect and track payments online. Trust that your reports are accurate with Yardi’s built-in real estate accounting system. Receive maintenance requests, assign vendors and track progress from a single dashboard. Unlimited live chat and online Help Center ensure you always get fast, industry-leading support when you need it. For enhanced capabilities, see Yardi Breeze Premier. Unlock automated invoice processing, job costing, custom reporting, menu-level security controls and more. No matter which platform is right for you, check out why thousands of businesses choose Yardi Breeze and Yardi Breeze Premier. .

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7
Yardi Voyager

Yardi Voyager is an end-to-end platform combining financial and property management information in a single, centralized database with mobile access to execute leasing, provide resident services, view dashboards, and complete tasks from smartphones and tablets..

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8
Innago

Innago is a free, easy-to-use property management software solution, designed to save you time & money. Our mission is to make renting simple, accessible, & affordable for landlords of any size. Too many alternatives are expensive & overwhelming, turning a “solution” into a problem. Innago allows you to easily: collect rent, screen tenants, list properties, manage work orders, create applications, sign leases, organize financials, communicate with tenants, & much more!.

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9
PropertyVista

Property Vista is a property management software solution that transforms how property managers manage their properties and build tenant relationships to grow their business. Property Vista integrates all of the necessary tools for property managers to efficiently manage their properties and improve the tenant experience – from prospective tenant applications to move-out inspections and everything in between, Property Vista’s intuitive cloud-based platform helps property managers create a meaningful and modern tenant experience. With all of these solutions in one place, property managers can avoid costs and time-consuming manual processes associated with prospective tenant screening, leasing, accounting, collecting rent payments, vendor management, inspections, maintenance requests and tenant communications. Property Vista is what renters expect. What they think renting should be. Instantly on. Super flexible. Brilliantly convenient. All in one place. It’s time to think beyond the door. .

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10
Re-Leased

Re-Leased is a cloud-based commercial property management solution that automates operations and centralizes property data. Without visibility into your property data, the ability to make real-time business decisions is limited which can lead to missed critical lease events and lost revenue. Through workflow automation and integrations Re-Leased puts all of your lease and accounting data in one place, accessible anywhere; therefore reducing risk and increasing annual return..

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What is the Best Property Management Software?

Here are our top picks for the Best Property Management Software to try this year.

How to Choose Best Property Management Software?

If you’re a landlord, you know how important it is to follow state and local laws, which is why it’s crucial to find the best property management software. Your software should be easy to use and compliant with state and country regulations. It should also help you manage revenue and costs in a more efficient manner. Finally, a good product shouldn’t add extra work to your workload, but rather allow you to complete tasks faster.

There are several types of property management software solutions. There are freemium programs, which are great for smaller portfolios. They will usually require a monthly or quarterly fee, but there are also many enterprise-level programs at a low cost. When you’re choosing a program, look for features that make managing your business easier and more efficient. Whether it’s mobile or desktop, ease of use is the number one factor.

A solid property management software will integrate with existing tools and systems. This reduces duplication of effort and improves business processes. For example, a real-time vacancy list is an important feature for any real estate business. These can help your tenants find new homes and minimize paperwork. If you manage a large number of properties, you’ll want a system that has real-time vacancy lists. This way, you can find vacant properties quickly and efficiently without wasting time chasing tenants or letting out vacant units.

The best property management software should be easy to use. No one enjoys a complicated system that’s hard to navigate. It should simplify multiple tasks, which is why you’ll want a solution that’s easy to use and intuitive. Regardless of what platform you use, your software should be scalable, secure, and easy to access. In addition, it should also be mobile-compatible and accessible on any device, including smartphones and tablets.

There are two basic types of property management software. The first is free. This type of software is ideal for smaller portfolios and allows you to use it whenever you need it. It should also provide a tenant portal for residents to contact landlords. The third is the cost. The price of a program depends on the number of units it can handle. The best property management software will allow you to manage your business more efficiently.

The main difference between these two types of software is that the former is a more generalized version of an application that allows you to easily access and customize the functions. The latter is a more powerful version that allows you to customize it according to your needs. Moreover, the former offers more features and benefits than the latter. It’s important to choose the right one for your property management needs. It’s important to consider your budget as well as your property management requirements.

The most popular property management software will allow you to manage different types of properties, and it will be suitable for different sizes. It should also be user-friendly and flexible. It should be customized to meet your business needs. It should be user-friendly so that your employees can use it. Besides, the software should have many helpful modules. The software should also have a user-friendly interface that makes it easy to use.

The software you choose should be customizable and focus on your business needs. For example, a free property management software won’t allow you to customize the interface, but it will let you manage multiple properties. You can also customize the software based on your needs. The best option for your property management business will be one that supports customization. This is important because customization is crucial, and a software should not only provide you with the features you need, but it should be flexible enough to accommodate the unique requirements of your business.

A property management software needs to be tailored to your business. A custom software will be tailor-made for your specific rental needs. It will not be designed to fit all businesses, so be sure to ask questions and find out which features are essential for your company. You might also want to consider the price. A cheaper option will give you more features, but it will cost more than a custom-built one. In addition to the flexibility of customization, you will need a software that has multiple modules that will allow you to manage your properties easily.

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FAQ’s

What Is Property Management Software?

Property management software is a type of software that helps property managers and landlords with property management. Property management software can be used to track rent, handle repairs, and generate reports.

Are There Any Free Property Management Software?

If you are looking for a way to manage your property without paying for expensive software, there are a few options. You can use the software that the company you are leasing your property from offers, or you can use a free website like SquareSpace.

Is Property Management Software Easy To Learn?

This is a question that is often asked by those who are considering a career in property management. The answer is that it is not easy to learn. There is a lot of information to learn and it is difficult to retain everything.

Is Property Management Software Worth It?

Property management is a big business and it can be tough to keep up with all the latest trends. One of the most important trends to keep up with is property management software. It’s worth it to invest in a software that can keep your business organized and profitable.

What Can Property Management Software Do?

Property management software is designed to help with property management and maintenance. It can be used to track and schedule routine maintenance, contractor work, and repairs. It also helps with tenant management, including rent collection and rent payments.

How To Use Property Management Software Effectively?

Property management software is a great tool to use for managing your properties. It can help you to keep track of your tenants, their payments, and their property. It can also help you to generate great reports to show your investors.

I know you want to use Property Management Software, thus we made this list of best Property Management Software. We also wrote about how to learn Property Management Software and how to install Property Management Software. Recently we wrote how to uninstall Property Management Software for newbie users. Don’t forgot to check latest Property Management statistics of 2024.

Moreover, property management software acts as a central hub for all property-related information. From financial records to lease agreements, the software acts as a virtual filing cabinet, ensuring that all documents are organized and easily accessible. With just a few keystrokes, property managers can access information pertaining to tenant payments, maintenance history, and lease terms. This easy accessibility ensures that there is no delay in addressing tenant concerns, staying on top of rental payments, and maintaining accurate records — all crucial aspects for successful property management.

Additionally, these software solutions often incorporate features that greatly simplify the financial aspect of property management. With budgeting tools and rent collection systems, property managers are equipped to handle financial matters with ease. By automating rent reminders and providing multiple payment options, such as online portals, the chances of timely rent payments are significantly increased. This ultimately improves cash flow and minimizes the risk of late payments or financial discrepancies.

Another important aspect is the maintenance management feature that property management software offers. Overseeing property repairs and maintenance is no longer a time-consuming manual task. Instead, these software solutions streamline the process, allowing property managers to track maintenance requests, schedule repairs, and even assign jobs to maintenance staff. By automating these tasks, landlords can ensure timely property upkeep, prolong the life of assets, and maintain high tenant satisfaction levels.

In addition to these core features, property management software often provides detailed reporting capabilities. These reports aid property managers in understanding the overall performance of their portfolio, identifying areas for improvement, and making informed decisions for the future. By having access to real-time data on cash flows, occupancy rates, and rental trends, property managers can adopt proactive strategies to maximize their return on investment.

Undoubtedly, property management software has revolutionized the property management industry. It has simplified previously complex and time-consuming tasks, offering greater precision and productive use of time. With its ability to automate various processes, seamlessly organize property information, streamline financial activities, and facilitate maintenance management, these software solutions contribute significantly to overall operational efficiency and success.

By optimizing processes, freeing up time, and enhancing financial and maintenance management, property management software allows landlords and property managers to reach their goals more effectively. In this digital age, embracing these software solutions is indispensable for staying ahead of the competition and achieving sustainable growth in the ever-evolving real estate industry.

Why Property Management Software Are So Important

One of the key reasons why property management software is so important is its ability to streamline operations and improve efficiency. Gone are the days of manually tracking maintenance requests, collecting rent payments, and managing tenant information on spreadsheets. Property management software automates these tasks, saving time and reducing the risk of human error. This allows property managers to focus on more important tasks, such as attracting new tenants and maximizing their return on investment.

Another crucial benefit of property management software is its ability to enhance communication between property managers, landlords, tenants, and vendors. With features such as automated reminders, messaging systems, and online portals, all stakeholders can stay connected and informed in real-time. This not only improves the overall tenant experience but also helps to build stronger relationships with tenants and vendors, leading to increased tenant satisfaction and retention rates.

Furthermore, property management software provides valuable insights and analytics that can help property managers make informed decisions. By consolidating data on rental income, expenses, vacancies, and maintenance costs, property managers can identify trends, track performance, and optimize their operations for maximum efficiency and profitability. This data-driven approach allows property managers to prioritize their resources, reduce costs, and drive better returns on their investment.

In today’s competitive real estate market, having access to accurate and up-to-date information is crucial for success. Property management software streamlines processes, increases transparency, and ensures compliance with regulations, providing peace of mind for property managers and landlords. By centralizing all property-related data in one integrated platform, property management software eliminates the need for multiple spreadsheets, emails, and phone calls, simplifying the management of multiple properties and portfolios.

Moreover, property management software offers convenience and flexibility for both property managers and tenants. Online rent payments, maintenance requests, lease agreements, and property inspections can all be easily managed through a user-friendly interface, accessible from any device at any time. This not only enhances the overall tenant experience but also reduces administrative burden for property managers, allowing them to focus on cultivating positive tenant relationships and achieving their long-term goals.

In conclusion, property management software has become an essential tool for modern property managers, landlords, and real estate investors. Its ability to optimize operations, improve communication, provide valuable insights, and enhance convenience makes it a valuable asset in today’s competitive real estate market. By leveraging the power of technology, property management software allows stakeholders to maximize their efficiency, drive profitability, and ultimately succeed in managing their properties effectively.

In Conclusion

Choosing the best Property Management Software is not a difficult task when you have all the details and requirements. Most of the above-mentioned Property Management Software have impressive and user-friendly features.

Now, it is up to you which software you’d pick up that meets your requirements.

Consider the effectiveness and efficiency of each Property Management Software, including the features and capabilities. You must also evaluate your objectives, required functions, and budget before choosing the right Property Management Software of 2024. See which will give a great deal.

If you still have questions about choosing the best Property Management Software, leave a comment below. I’d love to assist you.

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