Do you find yourself burnt out ironing out all the financial and operational kinks surrounding the property? Property owners and managers have to deal with repairs and maintenance, utilities, countless documents, and finding tenants. They also need to interact with multiple parties often, from local government groups to potential residents. As such, property management is a tedious process if one doesn’t have the right tools for the job. And one of the most helpful tools around is property management software.
What does it bring to the table? For starters, a top-tier platform carries solutions for property management, communications, maintenance, parking, and other property tasks. It also serves as a bridge to collecting rent as well as a tool for screening prospective tenants, buyers, and suppliers.
In a nutshell, the system links all the parties in the real estate ecosystem and streamlines the processes involved. Therefore, by reading this article, you will know the leading property management software examples, their capabilities, and if they can fit your business needs.
What are the 15 leading property management examples?
Shelter is one of the basic human needs, which is why real estate is an industry that will always remain stable. Not even the COVID-19 pandemic was able to shake up the industry in the United States with the construction of single-family homes going by 11% in 2020. Therefore, if the real estate market is on the rise, it follows that the demand for software tools related to the industry experiences a similar surge. And recent key real estate statistics back this up.
The global property management software market size rose from $902.06 million in 2020 to $964.10 million in 2021 and is poised to reach $1.37 billion by 2026 at an annual growth rate of 7.21%. This is remarkable considering how the pandemic ravaged other industries, including closely related ones like hospitality and food and beverage. However, based on the latest real estate trends, COVID-19 did have an effect on the industry that it shares with others: accelerated investment in and deployment of technology.
Source: ReportLinker 2021
In 2021, property technology netted nearly $21 billion in investments globally from venture capitalists, and property management software has carved out its own real estate in this financial pie. After all, the platform affords convenience to most, if not all, property-related tasks. This helps since most property managers are tasked to handle repairs, maintenance, collecting rent, and a string of other headaches.
Property platforms afford users countless benefits, especially products that are considered industry leaders. As such, we have prepared a list of the top property management software examples on the market.
What key features should property management software include?
Choosing the right property management software is crucial for landlords and property managers. Here are essential features to look for that can significantly enhance operational efficiency:
- Tenant and Lease Tracking: A robust system should allow you to track tenant information, lease agreements, and critical dates such as renewals or expirations. This feature helps ensure timely communications and prevents lease lapses.
- Online Rent Collection: Look for software that facilitates online rent payments. This feature simplifies transactions for tenants and helps property managers keep track of expenses, reducing late fees and improving cash flow.
- Maintenance Management: Good property management software should enable tenants to submit maintenance requests online and allow property managers to track their status. This feature enhances tenant satisfaction by ensuring timely responses to maintenance issues.
- Accounting and Financial Reporting: Integrated accounting features allow property managers to track income and expenses effortlessly. Look for software that provides customizable financial reports, including profit and loss statements, to help you monitor the property’s financial health.
- Communication Tools: Effective communication is key to tenant satisfaction. Software that offers communication tools, such as messaging features or automated reminders, can streamline interactions between property managers and tenants.
- Document Management: The ability to store and manage important documents—such as leases, tenant applications, and maintenance records—within the software can save time and ensure that critical information is easily accessible.
- Tenant Screening: A reliable property management solution should include tenant screening tools that allow you to conduct background checks and credit checks. These tools help you select quality tenants and minimize risks.
Leading Property Management Software Examples
1. DoorLoop
DoorLoop is a full-featured property management software that streamlines and automates management workflows for different types of properties and carries CRM, accounting, and billing solutions. The system enables property owners and managers to build automated operation workflows to simulate or improve the existing ones, along with the tasks involved and the people responsible for each. This hastens the entire operation and reduces the likelihood of errors. Any information on the system is protected by 256-bit military-grade security.
To make communication seamless, DoorLoop provides portals for stakeholders by which residents can check their balances and send work orders and managers can process requests and check updates. The software also processes online payments, tracks bills, provides ample document storage, and increases occupancy through custom landing pages and provisioning ads for several listing sites. Furthermore, it speeds up the screening process of tenants and offers solutions for onboarding and training staff. DoorLoop integrates with widely used apps like QuickBooks, Zoom, Salesforce, and DocuSign.
Price Range: DoorLoop comes with three paid plans, ranging from $49/month (annual billing) to $109/month (annual billing). It also has a free trial.
What is unique about DoorLoop?
- Expansive toolset. DoorLoop’s workflow tools can be leveraged to take in any property management process, including maintenance, accounting, billing, and CRM. It promotes holistic efficiency.
- Automated workflows. Any workflow built on DoorLoop can run automatically. This includes CRM, vendor management, and other areas of property management.
- Stakeholder portals. DoorLoop affords property owners, managers, and residents portals that they can use to communicate, place or process requests, and receive updates. These can also be used to check balances and payment statuses.
- Effective occupancy tools. The system streamlines the tenant screening process as it zones in on qualified applicants with just a few clicks. It provides platforms for training and onboarding as well, on top of custom landing pages and solutions for job postings.
- Tight security. DoorLoop is armed with 256-bit military-grade security that safeguards any information on the platform. This protects your operations from data breaches.
Detailed DoorLoop Review
2. Preno
Next on our list is Preno, an HMS equipped with powerful tools packed in an easy-to-use platform. Preno streamlines front desk and back office operations by giving you access to intuitive HMS tools through its booking engine, channel and guest manager, accounting tools, custom reporting, and more.
Preno’s Website Booking Engine enables you to get more direct bookings, which saves you from paying commission fees when guests book via third-party websites, such as Expedia and Airbnb. Meanwhile, Preno’s Channel Manager helps you gain more visibility online and ensures that guest bookings made through third-party channels are recorded in the platform in real time. All booking information is accessible through Preno’s intuitive dashboard, which also offers a comprehensive view of private and group booking information and status.
Managing payments, agent commissions, and overall finances is accomplished seamlessly by integrating Preno with some of the best payment gateways, POS, and accounting solutions. And to further optimize your email marketing efforts, Preno lets you easily create personalized promotional emails, thank-you notes, etc.
Price Range: Preno offers four scalable pricing plans that you can choose to pay monthly, every two years, or every three years. The most affordable plan is All-in-One Flexi which costs $18 per month.
What is unique about Preno?
- Dedicated channel manager. Preno integrates with STAAH or Siteminder, accommodation providers that can manage and monitor all bookings within the app and on third-party channels from a single platform.
- Dine/buy now, pay later option. This allows guests to make purchases and take advantage of food service and other hotel amenities without needing to pay upfront. This gives them more time to enjoy other activities during their stay.
- Connected rooms feature. This enables a group of guests to automatically book multiple rooms or units.
- Unlimited training. Although Preno is already user-friendly, it still provides users with unlimited training from account managers at any given time.
- Preno Academy. Aside from the training provided by the account manager, Preno also gives accommodation providers and staff access to different courses, such as revenue management, staff management course, email marketing course, and more.
Detailed Preno Review
3. Condo Control
Property-related solutions are in abundance when you use Condo Control, a multifunctional property management system that digitizes property workflows and connects managers with residents, security staff, and suppliers. Equipped with a payment portal, it helps facilitate all relevant transactions, including payments, amenity bookings, and service requests. The system also takes the pain away from dealing with tiresome maintenance concerns through its maintenance tracker.
Condo Control excels at record-keeping as it stores and organizes documents, resident profiles, visitor information, requests, and meetings. With this, managers can easily keep track of all their daily, weekly, and monthly commitments. To foster clear communication, the system affords clients portals with which they can place requests and monitor updates, on top of the discussion forum that the software also hosts. Moreover, Condo Control offers effective solutions for visitor parking, elevators, proxy voting, online selling, and even package tracking. This combination of features makes the platform a condo control center. Condo Control integrates with business apps like Condo Manager, Stripe, Constar, and Intelligent Security Systems.
Price Range: Condo Control’s pricing is quote-based.
What is unique about Condo Control?
- All-in-one property management solution. Condo Control has an expansive toolset that streamlines the entire property management process. It amalgamates the features of multiple platforms.
- Seamless financial transactions. Condo Control has a built-in payment portal that supports credit card transactions. Besides payments, refunds and cancellations can also be processed with the platform.
- Impressive record keeping. The system records and keeps track of documents, meetings, resident and visitor profiles, and various engagements. It’s as detail-oriented as any efficient manager.
- Clear communications. Condo Control is equipped with a discussion forum where managers can converse with other parties. It also has a resident portal through which residents can post requests and view updates.
- Effective booking and tracking solutions. Condo Control offers round-the-clock maintenance and package monitoring. It also helps users book amenities.
Detailed Condo Control Review
4. Buildium
Buildium has quickly become a leading property management software solution in the US. This is because it provides end-to-end solutions for managing property leasing, business operations, accounts, payments, and marketing. The platform is fitted with business intelligence tools that give users a real-time 360 view of their property management processes. Key features include lease document templates, advertising, Form 1099s filing, resident center, violation tracking, showings coordination, tenant screening, and property accounting, among many others. Moreover, the platform also provides users with a free website for marketing to help them improve their discoverability and reach.
The platform offers engagement features such as its Resident Center for maintenance requests and announcements. It has an owner portal so property managers can provide owners access to financial health information. Another great thing about Buildium prized by its users is that the software provider offers Open API. This allows them to fit Buildium in virtually any software architecture. Hence, they can treat it as an extension of their current workflows or make it a central hub for all their processes. Either way, they get to customize its use and make it their own. The platform has built-in integrations with software and services for a wide range of business functions. Integrations include those for Goodjuju, Property Meld, and All Property Management.
Price Range: Buildium comes in three paid plans. It offers add-ons and collects fees for extra services such as extensive tenant screening, among others. Base pricing starts from $52 to $479 per month.
What is unique about Buildium?
- Extensive operations management tools. Buildium provides users with a central hub for everything operations-related. It comes with communication tools to quickly coordinate tasks and requests.
- Comprehensive financial management. The software provides end-to-end financial management solutions, from accounting tools to payment management. It also has bank reconciliation and tax management tools.
- Real-time business intelligence. The platform has a comprehensive suite of business tools that allows you to make informed decisions right away. Its Analytics and Insights feature allows users to easily create business strategies using accurate data.
- Property management services. Buildium has tools that connect users with service providers such as those for property inspections, property listings, and tenant screening.
- Free property management website. With this, users can increase their discoverability, boost their brand reputation, and post their services. As such, it can help them gather and convert leads into customers.
Detailed Buildium Review
5. Innago
Innago is a property management software with zero cost, an intuitive design, and excellent customer support. On top of these, the platform offers features like tenant screening and online lease signing apart from the usual rent collection. Ultimately, Innago makes it easy for landlords to manage their properties. Moreover, they can easily seek help from a 24/7 support team to address issues quickly.
Landlords can conduct criminal, credit, and eviction history checks of potential tenants to determine whom to best sign a lease with. Meanwhile, the lease signing can be done online without landlords and tenants worrying about legalities and security. Payment collection is made easy via various channels, including ACH and credit cards. Landlords can also process additional fees, such as late payment penalties and the cost of utilities, while tenants get notifications for late payments.
Price Range: Completely free.
What is unique about Innago?
- Send videos for maintenance requests. While photos are worth a thousand words, videos are worth one less trip to the workshop, says Innago. As such, addressing maintenance requests is much easier.
- Reduce tenant turnover rate. Tenant screening helps reduce tenant turnover. Innago criminal record checks help landlords access national, state, sexual offender, and wanted person databases and the largest eviction databases.
- Receive money in 24 to 48 hours. Credit, debit, and ACH payments should get to the recipient in no more than 48 hours. Expediting payments also comes at no cost.
- Sign the lease anytime, anywhere. Be it on tablets or computers, signing online leasing is legal and safe. Since 2000, Congress has treated digital signatures like paper documents.
- Avoid long queues in customer service. Innago customer support hardly has a long waiting time. A dedicated account representative is always available to quickly resolve user concerns.
Detailed Innago Review
6. TurboTenant
TurboTenant is a leading property management solution that provides landlords with a comprehensive set of tools to manage their property business. Its basic plan is completely free and can support an unlimited number of units. It also comes with all the necessary property management tools, such as rental advertising, applications and screening, rent payments, maintenance requests, and expense tracking among others. Furthermore, this application has a tenant-specific portal where they can engage and communicate with their landlords, especially if they have concerns.
Aside from its free version, TurboTenant offers an affordable premium plan that caters to property owners that need a more thorough applicant screening, access to extensive professional page listings, income insights, and more. TuboTenant’s paid plan also covers the fees for state-specific lease agreements, lease addendums, and e-signatures. In terms of rent payment collection, TurboTenant supports credit cards, debit cards, and ACH payments. You can also configure the app to set recurring payments and add late payment fees. And depending on your subscription plan, you can add one or an unlimited number of bank accounts to receive or make payments.
As for its integration capability, TurboTenant partners with TransUnion for the income verification of applicants. TurboTenant also works seamlessly with listings websites, such as ApartmentAdvisor, homes.com, Apartment List, realtor.com, and many others.
Price Range: TurboTenant’s Basic plan is free of charge. Its Premium plan starts $8.25/month billed annually at $99.
What is unique about TurboTenant?
- Freemium property management app. TurboTenant’s free plan comes with an extensive suite of tools other property management solutions charge premium prices for. Some of these free features include the capability to add an unlimited number of properties without charges, document management, and chat support.
- More comprehensive tenant screening. Aside from standard credit reports and background checks, TurboTenant can verify a tenant applicant’s income via TransUnion.
- Autopilot payments for tenants. Landlords can utilize AutoPay, which allows tenants to set up automatic payments for rent and utilities.
- Hassle-free accounting. TurboTenant partners with REI Hub, an accounting solution specifically for rental property owners. This helps simplify accounting processes, such as bookkeeping, calculating taxes, and keeping track of cash flow and revenue.
- Free rental advertising. You can post as many rental listings as you want on professional listing websites and social media platforms. At the same time, you can manage incoming leads right on the TurboTenant app.
Detailed TurboTenant Review
Detailed TurboTenant Review
7. TenantCloud
TenantCloud is one of the most highly regarded property management platforms on the market as it provides end-to-end solutions to different types of landlords and property managers. The system consolidates a wide range of functionalities, which include vacancy management, lead management, financial management, and insurance management. Facilitating transactions, TenantCloud processes payments, calculates late fees, and provides solutions for billing and invoicing. It even has an auto-pay feature.
With TenantCloud, there are more ways than one to communicate with tenants. The platform supplies them with portals through which various communication tools can be leveraged. Prospective tenants, on the other hand, are run through the screening module to see if they meet all the requirements to stay in the property. Similarly, the system enables service providers to create profiles that run a reputation scoring system. Furthermore, tools for monitoring the performance of and collaborating with your staff and service providers are in place. This is just the tip of the iceberg of this system’s capabilities. Tenant Cloud integrates with apps like Stripe, Google Calendar, and QuickBooks.
Price Range: TenantCloud offers a free plan and three paid plans. The Business plan is quote-based while the pricing of its lower-tiered plans ranges from $12/month (annual billing) to $40/month (annual billing). It also has a free trial.
What is unique about TenantCloud?
- End-to-end property management solution. TenantCloud accounts for most, if not all, property management needs with its massive toolset. It streamlines all the processes that come with the job, from task management to invoice management.
- Dedicated portals. TenantCloud provides portals for landlords, property managers, tenants, and service providers. These open the door for collaborations, transactions, and updates.
- Handles financial transactions. The system has financial management tools that record the flow of money and performs automatic payments. It also supports electronic payments, calculates late fees, and processes tax rules and deductions.
- Rent tracking. TenantCloud enables landlords to monitor who has paid their dues and those who need reminders. It also traces payment histories from which chronically late payers can be determined.
- Interactive service provider profiles. The system allows service suppliers to create profiles for easy booking and recommendations. It also maintains a reputation scoring system that reflects the performance of each supplier.
Detailed TenantCloud Review
8. Hemlane
Hemlane is a flexible property management software designed to help landlords, agents, and property owners find tenants, advertise their property, and track leases. It gives your promotions a signal boost by placing your property ad on as many as 30 listing websites with just a few clicks. As a result, more prospective tenants will send their applications. The software has myriad solutions for this step. It can automatically send responses to inquiries and empowers landlords with applicant tracking tools to filter out the applications.
To help interested parties apply, Hemlane provides application forms that suggest information you will need for tracking qualified applicants. For existing tenants, the software monitors leases and lease contracts, notifying landlords if unsettled charges are about to hit their due dates. Moreover, the system stores important documents like lease agreements, titles, and properties and organizes them. It also carries an online payment module that can be set to automatically process recurring payments. Hemlane integrates with reliable apps like Stripe, iRent, TransUnion, and Realtor.com.
Price Range: Hemlane comes with two paid plans whose costs range from $36.50/month to $69/month. It also has a free trial.
What is unique about Hemlane?
- Rental advertising boost. Hemlane allows landlords and agents to post ads on up to 3o listing websites in one go. This fast-tracks the process of finding tenants.
- Applicant profiling and tracking. Hemlane generates application forms for applicants to fill up. It can then track applicants based on the rules you set as well as the information entered.
- Dynamic lease tracking. The software keeps track of lease contracts and their due dates. As such, you can potentially collect every payment on time.
- Automates recurring payments. Hemlane’s online payment module lets tenants settle their dues online. It can also be set to auto-pay recurring dues.
- 24/7 maintenance tracking. The software tracks the progress of repairs and maintenance tasks. It can also be set to give tenants access to maintenance updates.
Detailed Hemlane Review
9. Building Engines
Building Engines is a powerful property management system that unifies a plethora of solutions for managing commercial and living spaces. It empowers property owners and managers to customize the workflows of their operations and create their own service delivery programs as needed. The level of customization for these programs is deep, as the system enables users to prioritize tasks, arrange services in sequential order, and define targets. Likewise, the system can be set to automatically send reminders when targets are hit.
Building Engines can turn your mobile phone into a handy data gathering tool. During inspections, which separate managers from their computers, you can use your smartphone to record pertinent details like issues, deficiencies, and maintenance updates. To quantify data, the system leverages analytics to deliver reports that reflect performance on various aspects of operations. These can also be set to track specific KPIs and goals. Furthermore, the software provides collaboration tools in the form of portals and broadcast messaging, through which you, your team, and your tenants can communicate. As an API platform, Building Engines lets you customize integrations.
Price Range: Building Engines’s pricing is quote-based.
Detailed Building Engines Review
What is unique about Building Engines?
- Unified property management solution. Building Engines centralizes a host of management functionalities and automatically syncs data with all of them. As such, you can jump from one task to the next with no delays.
- Configurable service programs. The system enables users to create and customize service programs down to the last detail, from their priority levels to their logical sequence. This fosters efficiency in your workflow.
- Smart analytics. Building Engines populates reports that define various aspects of operations. These can also be cued to track specific parameters.
- Remote property management. The software’s mobile app empowers property owners and managers to conduct remote inspections. It bears the functionalities of its cloud-based counterpart so being in front of a computer isn’t always necessary.
- Accessible communications. Building Engines provides portals through which users can communicate. It also has a broadcast messaging feature for real-time communication.
10. RealPage
RealPage is a comprehensive property management system that streamlines rental property tasks, conducts budgeting, and furnishes reliable accounting solutions. Ideal for multiple renters, the software aids users in performing back-office accounting tasks. These include preparing books, recording transactions, conducting reconciliations, and affixing e-signatures. It also helps landlords and managers create and monitor budgets with automated calculations, before sending notifications when spending is about to exceed its allotment.
RealPage ensures compliance with federal, state, and local legislation. With the help of the software’s team of compliance experts, you can easily verify if your operations adhere to the latest housing regulations or if you’re at risk of committing infractions. Moreover, the system is equipped with a document management solution that stores and sorts files. Any information stored in the system is protected by encryption and custom access levels. RealPage integrates with handy apps like Anyone Home, InfoTycoon, Modern Message, and LeaseHawk.
Price Range: RealPage’s pricing is quote-based.
Detailed RealPage Review
What is unique about RealPage?
- Powerful accounting solution. RealPage empowers landlords and managers to painlessly create financial statements. It helps in recording transactions, performing reconciliations, monitoring allocations, and even having documents digitally signed.
- Intuitive budgeting. RealPage enables you to create budgets, along with their parameters, that it will monitor. The system is capable of performing automatic calculations.
- Dependable compliance service. RealPage has a team of compliance experts on standby to help you with your compliance needs. They can advise you if you’re fully compliant or if you need to make adjustments in accordance with federal, state, and local policies.
- Flexible document management. The system is fitted with a document management system that allows you to set user access. It also has customizable approval workflows for important files.
- Intelligent vendor tracking. RealPage’s vendor tracking solution makes it easy for managers to check if vendors are reliable and of good financial standing. This assures that all approved suppliers will truly be beneficial.
11. Entrata
Entrata is a handy property management solution that makes easy the process of finding, screening, and approving residents. Its lead and prospect management tools allow you to funnel leads, based on your requirements, from various sources and fast-track the applications of qualified resident applicants. Once approved, the residents’ are afforded a portal through which they can pay rent, submit documents, send maintenance requests, and the like. It provides multiple payment options, including credit cards and electronic checks.
Resident payments, in turn, are recorded and processed with the system’s accounting tools, which help you document transactions and prepare your financials. With the help of Entrata’s invoice processing service, accounting data can be processed into invoices and financial entries reconciled. Entrata also provides storage where you can store volumes of documents. Moreover, the system offers a messaging portal for quick communications, tools for forecasting, and solutions for billing and utility management. As an API platform, Entrata lets users customize integrations.
Price Range: Entrata’s pricing is quote-based.
Detailed Entrata Review
What is unique about Entrata?
- Robust accounting. Entrata records your transactions and helps you prepare your financial statements. It also helps you manage your budget.
- Helpful resident management. Entrata affords residents portals with which they can pay dues, process service requests, and control smart home devices. The system offers several payment options.
- Lead sourcing and management. Entrata helps you find leads, screen applications, and find qualified applicants. It can increase your conversions.
- Solutions for billing, invoicing, and utilities. Entrata imparts ease to billing, invoicing, and managing utilities. It also has a fulfillment team that aids you in preparing invoices.
- Large storage space. Entrata grants you storage space for important files and documents. Accessing them is easy with the system’s single login credential.
12. ResMan
ResMan is a versatile property management system that centralizes a host of property business solutions, including lead management, task management, document management, and mobile management. It enables property managers to map out maintenance workflows and customize forms and notifications. The same convenience is extended to accounting. Users can enjoy the automated management of ledgers, which account for their payables, receivables, and capital. It also imparts ease to the settlement of leases.
Using quantitative data and scoring models, ResMan’s applicant screening tool speeds up the process of reviewing applications. It tracks applications based on the rules you set and sieves deep applicant pools for potential residents. Moreover, the system enables managers to prepare, assign, automate, and color-code task priorities that fall under key workflow stages like leasing and maintenance. It is also equipped with an organized document management system and tools for thorough resident and vendor profiling. ResMan integrates with business apps like CoreLogic, RentDynamics, LeasingBook, and Nexus Systems.
Price Range: ResMan’s’pricing is quote-based.
Detailed ResMan Review
What is unique about ResMan?
- Automated tasks. ResMan not only provides solutions for task management; it also automates jobs. The tasks can be color-coded based on priority.
- Handy mobile support. ResMan enables landlords/managers, property staff, and service suppliers to use their mobile phones to process and execute service requests. Related documents can also be prepared via mobile.
- Convenient accounting. ResMan features ledger management tools that automate receivables, simplify accounts payable workflows, and help users create entries that can automatically be edited. It also provides templates for recurring transactions.
- Credit building. The system offers opportunities to residents of good financial standing to raise their credit score, which improves their chances of obtaining loans and mortgages. Likewise, owners and managers are endowed with new property revenue streams.
- Efficient screening. ResMan tracks applicants based on quantitative data and a scoring system. This significantly speeds up the process of finding qualified applicants.
13. Mashvisor
Mashvisor is a dynamic data analytics platform designed to provide business and operational intelligence to property investors, agents, and aspiring residents. Serving as an intelligence hub, the system scours areas for qualified properties, including Airbnb listings, based on given requisites and present heatmaps. This affords potential residents a plethora of home options as well as portfolio entries for investors. The searching parameters go deep as the system accounts for property types, list prices, and availability.
Since property investments involve a lot of money, Mashvisor helps investors calculate potential returns as well as the various expenses they will incur. It also displays other metrics that can project a property’s profitability and investment potential. Moreover, the system automates the process of screening and engaging potential buyers. Its algorithm determines the buying potential of interested parties and is capable of suggesting properties to investors based on their needs. Mashvisor integrates with apps like iGMS, Rootstock, Vacasa, and Auction.com
Price Range: Mashvisor offers three paid plans whose rates range from $89.97/3 months to $279.99/3 months. It also comes with a free trial.
Detailed Mashvisor Review
What is unique about Mashvisor?
- Reliable property finder. Mashvisor scans neighborhoods for viable properties based on your needs. It accounts for factors like occupancy rate, listing price, and rental income.
- Property heatmaps. The system shows you areas with high and low volumes of viable properties. This can help investors pick areas to center on and determine the number of properties to invest in.
- Smart property calculator. Mashvisor’s property calculator computes the potential return on investment of properties as well as the expenses they come with. As such, investors will know which units bear the highest potential.
- Speedy lead qualification. Qualifying leads is quick, thanks to Mashvisor’s algorithm. It analyzes the buying potential of aspiring buyers.
- Searches off-market properties. Mashvisor spots properties that aren’t found in many listings. It also searches for potential investments on Airbnb.
14. Avail
Avail is a robust cloud-based property management system built to simplify leasing, maintenance, and tenant and applicant affairs. Finding new tenants is painless as the platform lets landlords and managers post rental listings onto popular listing sites on its dashboard. Applicants, on the other hand, can create detailed profiles, which cover personal information, residence history, and employment, on the portals furnished by the system. The platform integrates with TrustUnion, enabling you to read applicants’ credit reports from within the interface.
Avail comes with prebuilt lease templates tailored to the requirements of each US state. This saves you time since you wouldn’t need to look up a boatload of state policies. The software extends its streamlining capabilities to handling finances. Rent payments can be automated to go along with useful features like rent tracking and receipt creation. In addition, the software sends notifications for every maintenance request and is equipped with instant messaging for quick communication. Besides TrustUnion, Avail integrates with CreditBoost, Google Maps, Lemonade, and Realtor.com
Price Range: Avail offers a free plan and a paid plan that charges $5/unit/month.
Detailed Avail Review
What is unique about Avail?
- Affordable plans. Avail comes with a generous free plan and a paid plan that only costs $5/unit/month. The free plan already has many of the core features while the paid plan adds a slew of customization features.
- Convenient listings. Avail integrates with popular listing sites, allowing you to create ads on its interface. It also sends the leads from listing sites to the platform and your email.
- Smooth screening process. The platform provides portals for applicants to create profiles that contain pertinent information. It would then leverage the data to speed up the screening process.
- State-specific lease templates. Landlords do not need to spend hours reading up on state policies when preparing lease agreements. Avail’s templates have got that covered.
- Spotless tracking. Avail carries an array of trackers that monitor payments and maintenance requests. It also sends notifications for every major development.
15. BuildingLink.com
BuildingLink.com is a feature-rich property management system that consolidates a variety of management solutions to streamline property operations. Its dashboard populates a multitude of information surrounding a property, from employee service levels to resident affairs. A lot of insights can be gleaned a glance. To account for property assets, the system is equipped with an asset and inventory tracker, which comes in handy during inspections. It also streamlines parking and makes it easy for maintenance requests to be sent, processed, and monitored.
BuildingLink.com ensures that communication between property owners and tenants is convenient. With its messaging and communication module, the system enables users to conduct discussions via direct messaging, email, and SMS. It also has an employee time tracker, a package tracking solution, an expansive document library, and payment solutions for residents. Moreover, it serves as a reference for users with its staff directory, events calendar, and parking permits. BuildingLink.com integrates with apps like Yardi, Stripe, Package Concierge, and Brivo.
Price Range: BuildingLink.com’s pricing is quote-based.
Detailed BuildingLink.com Review
What is unique about BuildingLink.com?
- Extensive reporting. BuildingLink generates a host of reports that define staff performance and resident affairs. It also yields actionable insights that will perpetually improve operations and resident experience.
- Resident portals. BuildingLink furnishes portals through which residents can place requests and receive updates. This enables the staff to quickly respond to requests and take the appropriate actions.
- Asset and inventory tracking. The system maintains an interactive list of inventory of property assets and inventory. This helps when certain items in rooms go missing when guests or residents checkout.
- Easy amenity reservations. BuildingLink allows guests or residents to reserve building amenities like meeting rooms and sports facilities. The solution ensures that reservations do not coincide.
- Parking and vehicle management. BuildingLink furnishes solutions that streamline parking spaces and policies. It also accounts for the vehicles on the property.
Find the Ideal Property Management Solution for You
Property management is no walk in the park, given the countless responsibilities that come with the job, on top of the numerous financial transactions to be dealt with. As such, errors prove to be costly and may sometimes lead to legal tussles. This underscores the need for property management software. After all, highly rated systems carry solutions that streamline most property management tasks, including rental payments, maintenance, and finding tenants. These also make any dialogue easy through portals and other communication tools.
However, don’t rush yet to the nearest vendor. There are essential questions to ask before purchasing property management software. Do its features match your business needs? If so, does its pricing fit your budget? Also, can it scale up with your business? Some platforms drive a lot of value with their benefits far outweighing the risks. For instance, top property management software examples like DoorLoop and Condo Control carry features that improve existing workflows and possess scalability to suit businesses of all sizes. Many of the products listed here fit the bill in this regard.
If you want to further expand your options, check out our guide on real estate management software.
Leave a comment!