Top 10 Property Management Software

Efficiently Manage Your Property with These 10 Software Options

Welcome to our comprehensive guide for property management software. Owning or managing a property can be a challenging task, especially when it comes to keeping track of rental payments, maintenance schedules, and tenant communications. That’s where property management software comes in. It can help you automate your operations and streamline your processes. In this article, we will take a deep dive into the top 10 property management software options you should consider in 2021, their features, and why they stand out from the competition.

Why Property Management Software is Important

Property management software is software designed to help property managers and landlords manage their properties. It helps them automate tasks such as collecting rent, managing maintenance requests, and communicating with tenants. By investing in a property management software solution, you can improve your efficiency and streamline your operations. Below are some reasons why you should consider property management software:

1. Automate Rent Collection and Payment Tracking

One of the primary features of property management software is automated rent collection. This feature can help you save time, reduce errors, and improve your cash flow. Property management software can also help you track and manage rental payments, ensuring that you always have up-to-date records of tenant payments.

2. Stay on Top of Maintenance Requests

Maintenance requests can be a headache for landlords and property managers. With property management software, you can centralize all maintenance requests, prioritize them, and schedule them for completion. This will help you stay on top of all maintenance tasks and ensure that your properties are always in great condition.

3. Keep Your Tenants Happy

Another advantage of property management software is that it can help you communicate with your tenants more easily. You can use the software to send automated messages to your tenants, such as rent payment reminders or maintenance notifications. This can help you keep your tenants happy and engaged with your properties.

4. Increase Efficiency

By automating tedious tasks such as rent collection, maintenance management, and tenant communications, you can free up valuable time that you can use to focus on other important aspects of your business. This can help you increase your efficiency and productivity, and ultimately grow your business.

5. Enhance Security and Privacy

Property management software can help you improve security and privacy by providing you with data encryption and access control features. This can help protect sensitive data such as tenant information and financial records from unauthorized access.

6. Improve Reporting and Analytics

Property management software can also help you generate reports and analytics on key aspects of your business, such as rental income, maintenance costs, and tenant satisfaction. These reports can help you make data-driven decisions and improve your business performance over time.

7. Centralize Your Operations

Finally, property management software can help you centralize your operations, allowing you to manage all aspects of your business from a single platform. This can help you save time, reduce errors, and improve your overall efficiency.

The Top 10 Property Management Software Options

Now that we’ve talked about why property management software is important, let’s take a look at the top 10 property management software options you should consider in 2021.

Software	Key Features	Price
Buildium	Rent collection, maintenance requests, tenant portal, accounting, reporting, online payments	Starts at $50/month
AppFolio	Online rent payments, maintenance management, tenant portal, accounting, communication tools, reporting	Starts at $1.25/unit per month
Rent Manager	Payment processing, maintenance tracking, tenant portal, accounting, reporting, mobile app	Contact for pricing
Propertyware	Rent collection, maintenance management, tenant portal, accounting, reporting, mobile app	Contact for pricing
TenantCloud	Online payments, maintenance management, tenant portal, accounting, communication tools, reporting	Free for up to 75 units, upgrades available
Rentec Direct	Online payments, maintenance management, tenant portal, accounting, reporting	Starts at $35/month
Cozy	Online payments, tenant screening, rental applications, maintenance requests, communication tools	Free for landlords, upgrades available
Hemlane	Automated rent collection, maintenance requests, tenant screening, communication tools, lease management	Starts at $30/month
PropertyBoss	Online payments, maintenance requests, tenant portal, accounting, reporting, mobile app	Contact for pricing
Yardi Breeze	Tenant portal, accounting, online payments, maintenance management, communication tools, reporting	Starts at $1/check or $1/unit per month

1. Buildium

Buildium is a cloud-based property management software solution that offers a variety of features for landlords and property managers. One of its core features is rent collection, which allows landlords to automate rent payments and track payment history. Buildium also offers maintenance requests, tenant communication tools, and accounting features that can help property managers streamline their operations.

Buildium is an affordable option for small to medium-sized businesses, with pricing starting at $50/month. However, it may not be the best option for larger businesses or those with more complex needs.

2. AppFolio

AppFolio is another popular cloud-based property management software solution that offers a variety of features. It includes online rent payments, maintenance management, tenant portals, and communication tools. AppFolio also integrates with other tools such as Quickbooks and Propertyware, making it a flexible option for larger businesses.

AppFolio pricing starts at $1.25/unit per month, making it a slightly more expensive option than some of its competitors. However, it offers a wide range of features that can help property managers automate their operations and improve their efficiency.

3. Rent Manager

Rent Manager is a property management software solution that offers a range of features for landlords and property managers. It includes payment processing, maintenance tracking, tenant portals, and mobile app support. Rent Manager also offers a variety of customization options, making it a flexible option for businesses with unique needs.

Rent Manager pricing is available upon request, so it may be more expensive than some other options. However, it offers a robust set of features that can help property managers automate their operations and improve their efficiency.

4. Propertyware

Propertyware is a cloud-based property management software solution designed for small to medium-sized businesses. It includes rent collection, maintenance management, tenant portals, and accounting features. Propertyware also offers mobile app support, making it easy to manage your properties on the go.

Propertyware pricing is available upon request, so it may be more expensive than some other options. However, it offers a variety of features that can help property managers automate their operations and improve their efficiency.

5. TenantCloud

TenantCloud is a cloud-based property management software solution designed for landlords and property managers of all sizes. It includes online payments, maintenance management, tenant portals, and communication tools. TenantCloud also offers a free plan for up to 75 units, making it an affordable option for small businesses.

TenantCloud’s paid plans start at $9/month, making it an affordable option for businesses of all sizes. It also offers a variety of customization options, making it a flexible option for businesses with unique needs.

6. Rentec Direct

Rentec Direct is a cloud-based property management software solution designed for landlords and property managers of all sizes. It includes online payments, maintenance management, tenant portals, and accounting features. Rentec Direct also offers a variety of customization options, making it a flexible option for businesses with unique needs.

Rentec Direct pricing starts at $35/month, making it an affordable option for small to medium-sized businesses. However, larger businesses may find it to be a bit more expensive than some of its competitors.

7. Cozy

Cozy is a property management software solution designed specifically for landlords. It includes online payments, tenant screening, rental applications, and communication tools. Cozy also offers a free plan for landlords, making it an affordable option for small businesses.

Cozy’s paid plans start at $9/month and offer additional features such as rent reporting and background checks. It’s a great option for landlords who want a simple and affordable solution for managing their properties.

8. Hemlane

Hemlane is a cloud-based property management software solution designed for landlords and property managers. It includes automated rent collection, maintenance requests, tenant screening, communication tools, and lease management. Hemlane also offers a variety of customization options, making it a flexible option for businesses with unique needs.

Hemlane pricing starts at $30/month and includes a personalized onboarding experience. It’s a great option for businesses that want a personalized and flexible property management solution.

9. PropertyBoss

PropertyBoss is a property management software solution that offers online payments, maintenance requests, tenant portals, accounting features, and a mobile app. PropertyBoss also offers a variety of customization options, making it a flexible option for businesses with unique needs.

PropertyBoss pricing is available upon request, so it may be more expensive than some other options. However, it offers a robust set of features that can help property managers automate their operations and improve their efficiency.

10. Yardi Breeze

Yardi Breeze is a cloud-based property management software solution designed for landlords and property managers of all sizes. It includes tenant portals, accounting features, online payments, maintenance management, and communication tools. Yardi Breeze also offers a variety of customization options, making it a flexible option for businesses with unique needs.

Yardi Breeze pricing starts at $1/check or $1/unit per month, making it an affordable option for small to medium-sized businesses. Larger businesses may find it to be a bit more expensive than some of its competitors.

FAQs

1. What is property management software?

Property management software is software designed to help landlords and property managers manage their properties. It can help streamline operations such as rent collection, maintenance management, and tenant communication.

2. How does property management software work?

Property management software works by automating tasks such as rent collection, maintenance requests, and tenant communication. It allows property managers to centralize their operations and manage their properties from a single platform.

3. How much does property management software cost?

The cost of property management software varies depending on the specific software and the size of your business. Some options offer free plans or trial periods, while others can cost several hundred dollars per month.

4. What are some key features of property management software?

Some key features of property management software include rent collection, online payments, maintenance management, tenant portals, accounting features, and communication tools.

5. What are the benefits of using property management software?

The benefits of using property management software include increased efficiency, improved tenant communication, centralized operations, and automated tasks such as rent collection and maintenance management.

6. What are some popular property management software options?

Some popular property management software options include Buildium, AppFolio, Rent Manager, TenantCloud, and Rentec Direct.

7. How do I choose the right property management software?

To choose the right property management software, consider your business size and needs, the specific features you require, and your budget. You should also read reviews and compare pricing and features between different options.

Conclusion

Property management software can help landlords and property managers automate their operations, improve efficiency, and streamline their processes. In this article, we’ve reviewed the top 10 property management software options you should consider in 2021, their features, and why they stand out from the competition. We hope this guide has helped you find the right property management software for your business.

Remember, choosing the right property management software can have a significant impact on the success of your business. So take your time, do your research, and choose a software solution that meets your needs and budget.

Thank you for reading this article, and we wish you the best of luck in your property management endeavors.

Closing/Disclaimer

While we have made every effort to provide accurate and up-to-date information in this guide, we cannot guarantee that the information is free from errors or omissions. We encourage you to conduct your research and due diligence before making any decisions about property management software.

Additionally, this guide should not be construed as professional or legal advice. You should always consult with a licensed professional before making decisions that could affect your business.

Finally, we may receive compensation from some of the companies and products mentioned in this guide. However, this does not influence our reviews or recommendations, and we strive to provide unbiased and honest information.