9 Best Property Management Software of 2024
Property management is one of the difficult and time-taking tasks. Because it involves too many factors that users need to take care of.
But thanks to property management software that makes the tasks of a rent manager easy. This software provides a better maintenance contact center and takes care of community associations.
So that without damaging the relationships with the clients, property managers can easily handle their properties.
Many software is available in the market. But in this article, we will only review those products that come at a reasonable price and provide multiple facilities. So let’s start the discussion.
Best Property Management Software in 2024
- Top Consumer’s Choice: Buildium
- Landlord’s First Choice: TurboTenant
- Best For Professional Property Managers: AppFolio
- Property Manager’s First Choice: Door loop
- Top Choice of Single-Family: Propertyware
- Best For Online Rental Management: Rentec
- Top Choice For Handling Commercial Properties: MRI Software
- Best For Cloud–Based Rental Services: Yardi Breeze
- Best For Beginners: SimplifyEm
9 Best Property Management Software
#1. Top Consumer’s Choice: Buildium
Property managers specially made this property management software solution called Buildium. Its services allow property owners to handle every aspect of their property remotely.
Therefore, this management software becomes the first choice of both association and residential property managers.
Except for property management, this right property management software allows rental managers to control vacancy management, accounting, maintenance cycles, and online rental payments.
Moreover, These property management software programs streamline the whole property management process.
Through community association management features, accounting, leasing, and business operations. Besides the property management services following are the features that you will love to use.
- Online payments
- Retail cash payments
- Company financials
- Property accounting
- 1099 eFiling
How does it work?
Property managers find this app easy to use because of the simple property management process. But beginners find it a little difficult to use all the advanced features.
To provide support to a new property manager, Buildium comes up with a ticket-based support system. So that they can give time to all property managers and solve their problems.
Furthermore, for better support to property management companies, Buildium integrates with multiple software platforms.
For Example HotPads, TransUnion, Apartment List, Zumper, Trulia, RevSpring, Lovely, and many more.
Pros
- Specially built by property managers for better property management
- Use a tenant portal to collect rent automatically
- During business hours provide online ticket support
- Provide a lot of material for training
Cons
- Some customers do support complaints
- Pricing plans are quite high
Price
Essential Price: $50 per month
Growth Price: $160 per month
Premium Price: $460 per month
#2. Landlord’s First Choice: TurboTenant
TurboTenant is free property management software for landlords. But it takes all the cost from the tenants.
Therefore, this management software is the best option for landlords in terms of money. Some management software provides a free trial facility.
But this is not the case with TurboTenanat as it remains 100% free regardless of the number of units that you manage.
Furthermore, it comes with multiple features for better tenant management. These features are application management, creating dedicated listing pages, screening tenants online, and sending messages.
Also, it comes with an interactive user interface that is easy to use and set up. Following are some features of the TurboTenant that you will love to use. So have a look
- Rent payments
- Tenant screening
- Rental management and documents
- Online application
- Rental advertising
- Customer support
How does it work?
We know that TurboTenant provides free services to the landlords and tenants have to pay a fee for everything. Including application and screening, insurance fee, and credit card rent payment.
In simple words, it is a cloud-based application that has been praised and featured by Reuters. And through TransUnion, you can screen tenants.
It will help you to sign and send all documents, maintenance requests, and payments online. If you made payments through ACH there will be no fee.
But if you pay through credit card then there is a charge of 3.49%.
Pros
- This property management software provides free services
- Best for DIY landlords
- Provide 24/7 customer support through online and phone
- Helps to manage maintenance requests
Cons
- Tenant screening services are paid
- Advanced features are limited
Price
Landlords Price: Free
Renters Price: $35 pay only one time
#3. Best For Professional Property Managers: AppFolio
Landlords that have huge residential and commercial properties use AppFolio for maintenance tracking.
Because it provides advanced features that allow you to manage units remotely. Also, it helps to maximize the efficiency of the rental property business so that you can make a profit.
It does not just come with the supporting features for the real estate business. AppFolio comes with à la carte features that landlords may need to manage and grow business remotely.
Its pricing plans depend on units instead of the time duration. Therefore, it is best from other online rental applications that manage only one property.
Following are some features of AppFolio that help professional property managers to manage properties.
- Rent collection
- Accounting software
- Marketing tools for different platforms
- Lease tracking
- Utility billing
- Maintenance management
How does it work?
To make the AppFolio account the minimum onboarding fee that you need is $400. And this cost is divided according to the pricing plans based on units.
This app works best for the property management company. Because it can handle commercial buildings, community associations, residential properties, and student housing.
All the features that this app contains are helpful to the property type that you are using. It means AppFolio provides all the facilities that a landlord might need.
Pros
- You can only pay for the specific property management tool that you use
- Provide support to all types of units
- Available both as a website or as an app
- Easy to use
Cons
- The monthly fee is minimum
- Not a suitable solution for a small number of properties
Price
Residential Price: $1.40 per unit
Student Housing Price: $1.40 per unit
Commercial Price: $1.50 per unit
HOA Price: $0.80 per unit
#4. Property Manager’s First Choice: Door loop
This property management software is specially built for property managers. So that they can efficiently handle rental units costs.
Similarly, this software can be used by owners, investors, landlords, property management companies, and tenants. For a better record of how many units they use
Unlike other software, tenants pay for the services for both ease of use and customizability. The best thing about this software is that it depends on rental units instead of the monthly fee.
Therefore, it is better for people who want to manage thousands of properties on a single platform. The other noticeable feature of this software is that it has gained global recognition.
It means you can remotely handle all of your properties. Besides that, here are some amazing features of the Doorloop software that you will love to use. So have a look
- Automatic late fees
- Website portal integration
- Electronic leasing
- Vendor management
- Custom website
- Tenant portal and much more
How does it work?
With the help of this software, you can manage almost all types of rental properties including residential properties, student housing, mobile homes, commercial properties, etc.
You can do all this in just some amount of money. It is. complete suite with all the features that help you to manage your rental properties.
All these properties come with an interactive interface so that you can see the performance. And use these features only when required for different property types.
It does not have a mobile application yet. But the website version is responsible and you can use it on your mobile phones efficiently.
Pros
- Quick and easy to use
- Come with the automation tools to handle workflow and tasks
- You can list your properties online
- Provide high-level security to maintain the confidentiality
Cons
- Some users complain about customer support
- You need to pay some cost to manage tenants
Price
Basic Price: $49 per month
Advanced Price: $69 per month
Premium Price: $109 per month
#5. Top Choice of Single-Family: Propertyware
To manage only one property at a time, Propertyware is specially made. Therefore, this property management software is best for single-family homes.
With the mission of handling single-family property, this property management software is quite easy to use.
Also, it does not have complex tenant and leases tracking features that a high-profile rental property software can have.
It means small-level property management companies can use this software. No matter whether you have to manage a single property or more than that.
You can take advantage of this online property management software. According to the reviews, it helps a single-family to handle up to 250 multiple properties.
And most rent managers prefer this property management software because of its following amazing features.
- Portal for vendors
- Accounting
- Lead tracking and followup
- Online rent collection
- Tenant screening services
- Maintenance requests
- Marketing with listing syndication
- Vacant property marketing with leasing agents
How does it work?
Property ware comes with three pricing plans. And according to the tenant screening and property management, you can select the right package.
To increase the efficiency of the features, this software is integrated with DocuSign and Mail Merge. Furthermore, this software has chosen the in-house approach for different purposes.
Including lead generation, marketing, and tenant screening. Instead of integration with the third-party software.
Pros
- Advanced accounting features
- You can manage more than 250 properties through this software
- This management software is available in mobile form
- Affordable housing pricing plans
Cons
- Some users complain about customer support
- Only suitable for large property management software companies
Price
Basic Price: $1 per unit per month with a minimum spend of $250 per month
Plus Price: $1.50 per unit per month with a minimum spend of $350 per month
Premium Price: $2 per unit per month with a minimum spend of $450 per month
#6. Best For Online Rental Management: Rentec
It is one of the best online property management software that helps rental property managers to handle more than 5000 properties.
In this one software, you will find all the facilities that help you to manage the rental property efficiently. As compared to the other property management software companies.
You get this software at a low price and it is capable of doing all the tasks that other software does. This software follows the US-based customer support system.
Following are some additional features of Rentec that you will love to use for credit risk management. So have a look.
- Credit check
- Contact management
- Accounting
- Lease origination
- Financial management
- Member database
How does it work?
With the help of only one software, a property manager can collect rent online, publish property vacancies on the website, order tenant screening reports, and process rental applications.
And the pricing plan depends on unit size. So that according to your requirement you can select the right package.
The best thing about this software is that it is a web-based application and manages maintenance requests too.
Therefore, many commercial real estate managers use this software for rent collection of different property types at a minimum monthly fee.
Pros
- You can easily use this efficient software
- Best services are available at a low price
- Interactive interface to access features
- Additional features help in better property management
Cons
- Can not integrate with Quickbooks
- Some users complain about customer support
Price
Rentec Pro Price: $35 per month and the first two weeks are free after subscription
Rentec PM Price: $40 per month and the first two weeks are free after subscription
#7. Top Choice For Handling Commercial Properties: MRI Software
For managing commercial properties like apartments, MRI property management software is the best option. Because it comes with advanced features that help property owners in management.
This software has amazing programs like strategic planning and analysis, investment management, affordable and public housing compliance, strategic planning and analysis, and much more.
MRI software is specially made for the property manager who wants everything on one platform.
Therefore, it is suitable for multiple purposes including strategic planning and analysis, and investment management reports.
It can be used for both types of property management like residential and commercial. But it provides better results when you use it for the commercial sector only.
Besides that, there are some features of the MRI software that you will love to use. So have a look.
- Contact management
- Tenant tracking
- Notifications or Alerts
- Portfolio management
- Reporting and statics
- Data Import/Export and much more
How does it work?
MRI management software can be used for multiple services including rent payments, student housing, expense tracking, real estate management, and submit maintenance requests.
Therefore, it is the first choice of many property managers. But there is not a specific pricing plan for all the services.
Also, there is no monthly fee. But to get a quote you can contact the manufacturer directly. They will call you so that they can understand your requirement efficiently.
Furthermore, you can customize your package. So that you do not have to pay for the extra features that you will never use.
Pros
- Comes with multiple advanced features for property management and tenant screening
- Can handle a long history of a property manager
- Easy to use
- Works with a different type of property
Cons
- Not a good fit for the residential properties
- Some customers complain customer support
Price
From the personal research, it is clear that MRI software does not provide a free trial facility. And there are no pricing plans from which you can select the desired features.
But you can get a quote from the manufacturer by directly contacting him. They contact you on call so that they can understand what your requirements are and provide you with a suitable pricing package.
#8. Best For Cloud-Based Rental Services: Yardi Breeze
Among the list of free property management software that provides cloud-based services, Yardi Breeze is the best for property management software companies.
Because it comes with advanced features that help real estate professionals in screening, online payments, lease management, and generating financial reports.
Therefore, if you want additional features for the entire leasing process with cloud-based services. Then Yardi Breeze is the best software for you.
Moreover, there is no cost to set up the Yardi Breeze. But to access its features you need to spend $1 which is a low cost.
And if you compare the list of features with $1 then you will know. You are getting the real value of your money. Besides, the low price, here are some amazing features of YardiBreeze that you will love.
- Online rent collection
- Workflow sheets
- Activity calendars with tasks
- Maintenance requests
- Automated marketing
- Outsource payments and many more
How does it work?
Because of the multiple features that Yardi Breeze provides you can use it to manage rental real estate properties and real estate assets.
And with just a few clicks, it allows you to manage property assets, collect rent online, and maintenance a contact center with zero setup fees. Amazing isn’t it?
On another commercial real estate, you might get these facilities. But the main feature that separates this software from others is that it allows tenants to take photos.
With a smart device, tenants can take photos and attach them to maintenance requests on the digital platform.
Pros
- Come with the unique features
- It does not require minimum or maximum units
- Provide customer support
- You will get free training to use this app
Cons
- This property management software does not have a mobile app
- It is only suitable for medium-range property managers
Price
Breeze Basic Price: $1 per unit per month with a minimum cost of 100 per month
Breeze Premier Price: $2 per unit per month with a minimum cost of 400 per month
#9. Best For Beginners: SimplifyEm
Real estate professionals specially designed this property management software called SimplifyEM. Its main purpose is to create an ideal balance between features and price.
Therefore, it is the best choice for the landlords that need help in property management at a low cost. It can support multiple units ranging from 1 to 2000.
You can handle multiple property types with this software but not all. So always start with less if you want better solutions.
Here are some features of the SimplifyEm that you will love to use. So have a look.
- Email and phone support
- Tenant and lease management
- Income and expense tracking
- Renters insurance
How does it work?
This property management software allows property managers to easily handle their properties. It saves both time and money while providing a reliable solution.
You can easily import and export multiple data because it is a cloud-based application. With the help of this property management software, property owners can easily do multiple tasks.
Including track income and expenses, screening tenants, collecting rent and tenant applications online, tracking maintenance requests, and many more.
Furthermore, to increase the efficiency of the features, this property management software is integrated with Trulia, the finance and real estate industry, Fidelity, Zillow, and many more.
Pros
- This property management software support up to 2000 units
- Come with the advanced property management features
- Provide integrated accounting facility
- The best option for the real estate investors
Cons
- Online rent payments have the high cost
- You can not grow the platform with your portfolio if you have more than 2000 units
Price
P10 Price: $25 per month
P20 Price: $35 per month
P30 Price: $45 per month
P50 Price: $60 per month
P75 Price: $75 per month
P100 Price: $100 per month
P100+ Price: +$8 extra 10 units per month
P2000 Price: $1620 per month
How We Rank the Best Property Management Software?
Based on the pricing plan and features we select the best property management software. Some software can handle different property types.
It means without spending extra money you can handle all your properties remotely. But remember not all software provides this facility.
So read the description of each software carefully and select the right one. According to the list that we mentioned above you can use the Appfolio property manager to reduce your work stress.
How to Choose the Best Property Management Software?
To select the best property management software, you should check its features, customer support, and pricing plan.
Because the budget is a very important factor to consider before purchasing anything. You can see the variety of property management software in the market.
But the best software for you will be the one that fulfills all your requirements. So before spending money, make a list of tasks that you want to do with the help of management software.
Then compare this list with the software of the features. If you see all your requirements are getting fulfilled by the software then select it. But if not then look for another software.
Conclusion: Best Property Management Software
That’s all viewers, all the property management software that we mention in the above list is best. Because they are available at a low cost and try to provide more and more features.
So that all your management requirements get fulfilled in one platform. Yes, you heard it right. With one software you can manage each factor of your properties.
Also, one software can manage more than 2500 properties. All you need is to understand the interface and select the right feature at the right time.
In our recommendation, you should use the TurboTennat because it provides free services to landlords and charges tenants based on rental units.
Property Management Software FAQs
Here are some frequent questions that most people ask. So have a look.
What is a Property Management Software?
A property management software consists of all the powerful tools that help to attract leads to manage leases, fill vacancies, and screen tenants.
This software also has communication facilities so that owners can directly communicate with the property managers if they have any confusion.
Also, with the help of this software, a property manager can handle their work remotely even they can take care of the properties outside the country.
Furthermore, you can generate reports for expenses, cash flow, income, and other financial interests for better management.
What is the Best Property Management Software?
According to the pricing and features, TurboTennat is the best management software. But if you can afford the money, you can select other software from the above list.
What is the best Property Management Software for Mac?
Propertyware and SimplifyEm are the best management software for MAC. Also, they are available at reasonable prices so that more people can take advantage of the services.
