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Best 20 Property Management Software in 2020

Category: B2B News
What is the best property management software?
The best property management software is Condo Control Central, a solution that digitizes property management processes. It helps users perform online transactions like payment, booking amenities, requesting packing permits, and handling packages.

Having a good property management software as part of your arsenal of business tools will allow you to digitize your processes and optimize workflows. With this, you can instantly communicate with tenants, make the booking of amenities more convenient, as well as automate various transactions. However, with the plethora of tools available on the market, it’s difficult to zero in on which one is the best for you.

So, in this article, we present 20 of the best property management software to help you find the solution that addresses your current needs. This saves you time and resources just from knowing where to start. As you go about checking out the list for that right solution, consider other variables that should go with your decision. These include the quality of support for when you need it, along with how the software keeps up with the emerging technology trends.

leading property management tools

Property management tools have come a long way since they first came out. What used to come in the form of expensive on-premise systems have evolved into affordable tools that are hosted in the cloud. And with rental demand constantly ballooning, the demand for property management services has likewise increased. With these developments, it is not surprising that rents have been rising in the largest US markets.

However, this uptick in rent comes with a decline in homeownership, which has decreased to 64.2% from 67.5% in the past decade.

Source: Statista

Property management platforms are expected to become more technology-intensive as owners and managers continue to demand new and better functionalities. Given the expanding property rental market, new technologies, particularly artificial intelligence, have been finding their way into property management solutions. These modern apps are sure to cover just about every property management process there is.

While at it, you may also consider that these platforms share several similarities with popular facility management tools.

1. Condo Control Central

condo control central dashboard

Condo Control Central is an all-around condo/HOA management software that simplifies and streamlines interactions between property managers, security personnel, condo board members, and residents. Condo Control Central fully digitized property management processes such as payments, booking amenities, package handling, or requesting parking permits; all transactions can be done online.

Condo Control Central users enjoy hassle-free secure online payments via Visa, MasterCard or American Express without the need for cash or cheques. With its dedicated portal, online transactions can be set to recur monthly with property managers receiving payments in an instant. Condo Control Central also has aggressive security features that grant all parties access to incident report tools, security logs, parking permits, key records, and entry requests. You use Condo Control Central free trial to examine the features firsthand at no cost without commitment.

Condo Control Central

An award given to products our B2B experts find especially valuable for companies

Try out Condo Control Central with their free trial

Why choose Condo Control Central?

  1. Instant Communication. Condo Control Central has a dedicated online portal that notifies all parties and stakeholders when it comes to policy updates and announcements. Through push notifications, property managers, security personnel, condo board members, and residents are notified in an instant.
  2. Completely Online Booking System.  Booking and payment are 100% transacted online whenever owners and residents wish to avail themselves of services and extra amenities. Property managers just simply need to approve or decline. The software is designed to automatically prevent and avoid double bookings.
  3. Automated Processing of Package Delivery and Storage. Digital logs for incoming and outgoing packages are made available online. Recipients get instant notifications whenever packages are ready for pick-up.

Detailed Condo Control Central Review

2. Hemlane

hemlane dashboard

Hemlane combines all the essential property management functions you need into one easy-to-use platform. As an all-in-one solution, the software is designed not only for property owners, agents, and managers but also for tenants.

The software offers tools to automate and ease the leasing process, from finding the right tenants to keeping them happy. Agents can use Hemlane to build advertising campaigns for properties and screen tenants. Property managers can also take advantage of the platform’s built-in capabilities for payment transfers and tenant communication. Through the dashboard, you can also easily assign local professionals to respond to maintenance requests. You can leverage Hemlane free trial to learn more about its features at no cost.

The platform tracks maintenance requests from start to finish, so all the important information you need is in one place. Moreover, tenants can use Hemlane to send messages to landlords, pay rent, and request maintenance. The software also allows users to set up automated rent payments to reduce hassle for all parties involved in the leasing process.

Why choose Hemlane?

  1. Hassle-free listing creation. Hemlane offers various tools to help you manage and advertise listings. The software lets you create a listing website so tenants can view available rentals and schedule showings. Hemlane can also advertise your property on over 30 rental listing websites to attract potential tenants.
  2. Complete solution for lease management. The Hemlane dashboard gives you an overview of the properties you’re managing. You’ll immediately see how many vacancies you have and which leases are coming up for renewal. This way, you can easily determine your next action plan. The platform also provides secure storage for documents and photos and keeps track of messages from tenants and applicants.
  3. Secure, convenient payment processing. Hemlane works with all US banks and ensures instant account verification for major banks. Users can also set up recurring rent payments and send reminders on upcoming and late payments. Property managers can use the software to charge late fees and encourage prompt payments from tenants.

Detailed Hemlane Review

3. Mashvisor

Mashvisor dashboard

Mashvisor is a data analytics platform built specifically for real estate investors and property managers. It comes equipped with an intuitive property finder and a robust lead qualification tool. With this at your disposal, you can simplify the process of searching for properties as well as optimize the evaluation of potential buyers and tenants.

What’s more, Mashvisor comes with an easy-to-use calculator. This will help you gauge the profitability of the properties you’re interested in to help you ensure you are getting the most bang for your buck. In addition to the aforementioned features, Mashvisor also offers a neighborhood analysis tool and property comparison feature. With these, you get to see the value of the properties within a specific city or neighborhood. These are all laid out in a color-coded heatmap for easier viewing. You can take advantage of the Mashvisor free trial to examine its features closely.

Detailed Mashvisor Review

Why choose Mashvisor?

  1. Data-Driven Property Finder. Mashvisor leverages data analytics to help real estate investors/brokers and property managers to sift through specific neighborhoods for rental properties that meet their requirements. It displays everything in a color-coded heatmap to allow users to pinpoint which properties match their budget as well as their criteria. This way, searching is much more streamlined and data-driven.
  2. Better Investment Potential Analysis. One of the perks of using Mashvisor is that it comes with tools that let you analyze the profitability and the performance of traditional, off-market, and even Airbnb rental properties. This way, property managers know exactly how much money they can make within a particular area. Moreover, they can easily calculate their ROI before they even purchase a particular property.
  3. Robust Lead Qualification. Last but not least, Mashvisor helps property managers find the best tenants and buyers for their properties. With its lead qualification functionalities and advanced algorithms, you can easily gauge the a lead’s likelihood of purchasing or renting. As a result, you can focus more on strong leads and close more deals.

4. Avail

Avail dashboard

Avail is a property management software offering end-to-end property solutions for DIY landlords. From rental listing preparation and tenant screening to payment collection and maintenance tracking, this platform will allow you to manage your properties as seamlessly as possible. What’s more, they will enable you to perform rent price analysis to ensure that you are getting the most out of your properties.

In addition to its comprehensive set of property management functionalities, Avail is also completely cloud-hosted. This makes it easy for landlords to monitor listings, screen tenants, and even interact with tenants on the fly.

What makes this platform even better is that it is being offered in highly affordable and scalable pricing plans that make it great for landlords that only have a handful of properties.

Detailed Avail Review

Why choose Avail?

  1. Convenient Rental Listing Creation. Avail makes it easy for users to find new tenants as it allows you to set up your rental listings without having to exit the platform. After this, you have the option to publish your listing on sites such as Zillow, Hotpads, ApartmentList, and Trulia. This way, prospective clients will find your property as quickly as possible.
  2. Simplified Tenant Screening. Leasing a property is a two-way street. As much as you want to provide tenants with good property, it is also a must that you protect yourself from scams and late-paying tenants. This is why Avail automatically requests critical information about your prospective tenants. From contact information to employment verification to residence history, this software will provide you with the data you need to gauge whether or not you should choose a particular tenant.
  3. State-of-the-Art Digital Lease Management. Finding a tenant is only one part of the property management process. This is why Avail has digital lease management, where landlords can track maintenance requests and collect rent. It also has a built-in communication option so that you can speak with your clients without leaving the platform. This can also serve as a database where tenants can access their payment history as well as contracts and other documents connected to their lease.

5. FantasticStay

FantasticStay dashboard

FantasticStay is a robust cloud-based software that provides a centralized platform for managing the operations of property rental businesses, including Airbnb. Through FantasticStay, you can manage your listings and advertisements right from your account–no need to sign up and log in on booking channels to promote your business. Communicating with your clients is also made easier, as well as making sure that your staff will be ready and available to accommodate your guests. Processing payment is both worry- and hassle-free with the solution’s Quickbooks and Stripe integration.

FantasticStay helps establish your online presence with its website builder tool that allows you to create an intuitive website where you can place engaging elements and all information necessary to keep your business thriving amid the competition.

Detailed FantasticStay Review

Why choose FantasticStay?

  1. All-in-one platform. FantasticStay provides you with all necessary tools and features to manage property rentals from promoting, handling reservations and connecting with clients to organizing listing and bookings, processing payments and managing staff.
  2. Fully automated and highly customizable. With admin access, you can customize which processes you would like to automate, thus, giving you more control in managing your business operations.
  3. Website builder. FantasticStay’s website builder does not only save you from the hassle of finding compatible third-party web creators, but it also makes traffic monitoring and data gathering easier because your website is native to your platform.

6. Building Engines

Building Engines dashboard

Founded in 2000, Building Engines is a leading cloud-based provider of property management software for operations-minded teams at commercial, retail, and industrial real estate property companies. Its web and mobile platforms allow property teams to connect with the activities, data, and insights they need to improve operational efficiency, mitigate risk, improve tenant satisfaction and engagement, and make more informed decisions.

Clients of Building Engines include many of the leading public REITs, private owners/managers, and third-party management firms in the US and Canada.

Detailed Building Engines Review

Why choose Building Engines?

  1. Unified platform. Rather than charge you for each feature and add-on, Building Engines packs in all core modules with your license fee, so you will realize the full value of the system to handle all your operational processes (work orders, inspections, PM, etc.) work, collect and share data from the get-go.
  2. BE-Mobile app. As one of the first to create a mobile “soapbox,” Building Engine’s BE-Mobile is supported on more platforms and more devices than any other competitor product on the market. It easily allows you to work offline for those times you and your team are working in areas of low or no connectivity in a building.
  3. Total service delivery. Building Engines is the only property management platform that allows you to set your targets for service delivery, communicate them to tenants and your team, and track overall performance based on your established baseline benchmarks—helping customers move way beyond simple work order management.

7. RealPage

RealPage dashboard

RealPage is a leading global provider of software and data analytics to the real estate industry, helping clients improve operating performance and increase capital returns.

Its well-regarded software addresses the needs of industry verticals: conventional, enterprise, institutional, affordable HUD, student living, military housing, tax credit, senior living, single-family, and vacation rentals.

Founded in 1998 and headquartered in Richardson, Texas, RealPage currently serves nearly 12,500 clients worldwide from offices in North America, Europe, and Asia.

Detailed RealPage Review

Why choose RealPage?

  1. Thoughtfully integrated system. RealPage’s integrated solutions, including utility management, resident screening, online leasing, applicant waitlist, and more increase efficiencies and meet all your business needs.
  2. Total control over system-wide policies. RealPage gives you the ability to enforce your company policies across your entire portfolio. By setting a company-defined business model(s) in the system, you can ensure that there is consistency across your sites. The system is set up to enforce your policies and simplify daily processes for the site.
  3. Enforce paperless operations for cost-effectivity. RealPage’s fully integrated Document Management solution gives you the ability to cut paper waste by allowing you to scan and store all important documents as they relate to the unit, resident or even property level.

8. Entrata

Entrata dashboard

Founded in 2003, Entrata is a comprehensive property management software provider with a unique single-login, open-access Platform as a Service (PaaS) system. Offering a wide variety of online tools, including websites, mobile apps, payments, lease signing, accounting, and resident management, Entrata PaaS currently serves more than 20,000 apartment communities nationwide, including 34 of the NMHC Top 50 Largest Managers.

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.

Detailed Entrata Review

Why choose Entrata?

  1. Enjoy SmartProperty. The much-touted feature of smart homes arrives with Entrata’s SmartProperty, a feature that bridges the gap between property management software and smart devices. This intelligent piece of Entrata allows hardware such as thermostats, lights, locks, and water sensors from multiple units to be connected to a central hub.
  2. Build a sales-magnet website with ProspectPortal. Entrata’s ProspectPortal tool makes the process of building a website for a listing take just a few minutes. The resulting pages are responsively designed, so they’ll look great on any platform or device. They’re easy to update in real-time, and countless templates are available to give them a customized appearance.
  3. Powerful Entrata Core. For property managers, the most valuable product in Encarta’s suite may be Entrata Core. It’s the portal through which all interactions with applicants and residents take place. It allows you to create and share leasing agreements and other documents quickly. Lessees can sign them online, so you can save time by cutting down on in-person meetings. It also hosts a database of all your tenants’ information and billing history for you to review at a glance.

9. ResMan

ResMan dashboard

One of the fastest-growing property management solutions in the multifamily industry, ResMan provides easy-to-use automation tools that improve operational effectiveness and productivity for conventional and affordable housing properties. By recruiting some of the brightest minds in the industry, ResMan can deliver intuitive software and industry-leading customer experiences.

Built on a single platform, ResMan provides a highly intuitive solution to meet both operational and accounting needs for the multifamily owner/operator. It’s core platform, Essentials, includes the modules necessary for a property to get up and running.

The tool’s ResMan+ Innovation Network, with its free and open API, gives you the freedom to work with the vendors you prefer. This allows our customers to create personalized best-in-class solutions to meet their unique needs. Its Premier-Gold partners are seamlessly integrated into workflows to create a better experience for its customers.

The company itself was founded in 2000, with headquarters in Plano, Texas.

Detailed ResMan Review

Why choose ResMan?

  1. Advanced technology in a user-friendly package. ResMan uses sophisticated technology to provide efficiency and ease of use. End users can personalize their dashboards, readily access and manage document storage and undertake unrestricted resident revisions. It also allows for flawless public RESTful API merging into a robust accounting GL back office and integrated resident portal. ResMan also has multi-channel support, so your team can collaborate using various platforms, web browsers, and devices.
  2. Phenomenal support. Every person you work with from sales to implementation, to ongoing support is knowledgeable, extremely helpful, and friendly. You can tell each one of them cares about your experience.
  3. Outstanding document management. ResMan effectively dispenses with the need for filing cabinets that take up space in your office. All your records—from resident records, vendor records to unit records—are kept safe and secure inside of ResMan’s software online. The system likewise effectively offers document management software benefits.

10. MRI Residential Management

MRI Residential Management dashboard

MRI Software, a leading provider of innovative real estate software applications and hosted solutions, is the creator of MRI Residential Management, a comprehensive and flexible technology platform coupled with an open and connected ecosystem designed to cater to the unique needs of real estate businesses—from property-level management and accounting to investment modeling and analytics for the global commercial and residential markets.

Founded in 1971 with headquarters in Solon, Ohio, MRI develops lasting client relationships based on nearly five decades of pioneering expertise and insights on the real estate industry.

Detailed MRI Residential Management Review

Why choose MRI Residential Management?

  1. Scalable, automated processes. MRI Residential Management’s fully scalable, automated processes allow multifamily property managers to focus on leasing and resident retention instead of manual, paper-based processes.
  2. Powerful global search. You can easily navigate through portfolio data with MRI GO, MRI Residential Management’s global search capability that lets you quickly access and take action on everyday tasks.
  3. World-class accounting. MRI Residential Management lets you manage your day-to-day property accounting functions such as billing, reporting, and project and facilities management using real-time data.

11. Yardi Voyager

Yardi Voyager dashboard

Established in 1982 and with over 30 offices and 5,000 employees worldwide, Yardi is a cloud-based property management and accounting platform that helps you effectively manage your real estate portfolio more efficiently and competitively.

Yardi designs, develops and supports real estate investment management and property management software. It offers a full suite of business solutions for the real estate market, including multifamily, single-family, affordable, public, senior and military housing as well as office, industrial, and retail market segments.

Yardi is recognized for the quality of its products, innovation, responsiveness, and customer focus.

Detailed Yardi Voyager Review

Why choose Yardi Voyager?

  1. Comprehensive functionality. Yardi covers every aspect of property management and ties all departments together, making it easier to communicate with all departments and tenants and be hands-on the job 24/7. Most platforms would usually have a few options missing, but Yardi is typically cited for doing a great job covering every possible scenario.
  2. Efficient monitoring of tenant rent payments. Yardi Voyager gives you the advantage of having a reliable and efficient rent payment monitoring system. It also provides a handful of ready-made forms that you can customize to suit your preferences. These include templates for tenant ledgers, and statements of account, among others. In case one of your tenant requests for outstanding balance or when you need to tally all rental receivables, you can readily generate and share such documents.
  3. Excellent tracking of insurance policy. Yardi allows for the automatic monitoring of insurance policy details for all your business stakeholders and real estate assets. The system also provides automated updating of ticker lists, which enables system administrators to be given timely notices on pending deadlines of policy renewal.

12. Propertyware

Propertyware dashboard

Propertyware is a cloud-based property management solution for single-family and low-density rental units offering a full suite of on-demand property management tools, including customized, hosted websites, online payment processing via credit/debit cards and eChecks, electronic signature powered by DocuSign, work order management, customer portals, inspections and trust accounting — all in one easy-to-use software solution.

Founded in 2001 with headquarters in Richardson, Texas, Propertyware is a public company with more than 5,000 employees worldwide.

Detailed Propertyware Review

Why choose Propertyware?

  1. Core system can do it all. Propertyware integrates all core functions into a single, comprehensive property management solution, effectively eliminating the need for multiple software and applications. This means you can perform and manage every aspect of property management seamlessly and in real-time without having to exit the system.
  2. Save time through customization. Propertyware automates every process, ensuring that you save time as time-intensive workflows are streamlined.
  3. Share and communicate effectively. Property managers need to access and share information within their organization and with their customers and tenants. Propertyware provides users with unparalleled accessibility, effectively redefining how information is accessed and shared between different parties at any place and at any given time. All you need is a stable internet connection, and a functional, Internet-ready device such as a desktop, laptop, smartphone, or tablet and you are good to go.

13. AppFolio

AppFolio dashboard

Founded in 2006, AppFolio is a multi-awarded web-based, SaaS property management application that provides robust accounting and management tools and features. The system centralizes all property management processes such as accounting, marketing, applicant screening, online rent payments, online lease agreements, and more.

Sporting a clean and intuitive user interface, AppFolio streamlines all property management-related workflows. The software is designed to work seamlessly with various types of properties (HOA, residential, commercial, and student housing). With AppFolio, property owners can easily manage their properties; marketers can boost their property listings and online visibility, residents and landlords have a clear communication channel and more.

Detailed AppFolio Review

Why choose AppFolio?

  1. Easy to use software. From the outset, AppFolio is designed to be easy—easy to switch to, set up, use and manage. All these mean you spend more time focused on reaching your business goals, not on figuring out how to use complicated technology.
  2. All the benefits of the cloud-based platform. With AppFolio, there is no hardware, software or servers to buy, install, maintain and upgrade. It also ensures you are always on the most current version. A cloud-based solution fully enables your entire team to work from anywhere at any time from any device.
  3. Built for the long term. AppFolio creates complete, easy-to-use business solutions for property managers. As a public company, it has invested in building a strong future with clients all over the world, headed by some of the most creative and productive leaders in the industry.

14. Rent Manager

Rent Manager dashboard

Incorporated in 1987 and headquartered in Cincinnati, Ohio, Rent Manager is a property management, accounting, CRM, and work order management software suite that combines enterprise accounting, VoIP phone integration, online portal tools, mobile applications, open API and electronic payments into one powerful integrated system.

Rent Manager’s extensive features allow any user to completely customize the use and functionality of the software. With a wide range of optional modules, mobile capabilities, web resources, and convenient hardware, Rent Manager is easily tailored to meet the unique needs of your company.

Detailed Rent Manager Review

Why choose Rent Manager?

  1. Unique voice recording and broadcasting. With Rent Manager, you can simply record a message and send it to all your contacts in your Rent Manager directory. It saves precious time, and you don’t have to call each of your customers individually to talk about the same thing.
  2. Save on time and money through Virtual Post Office. Rent Manager effectively eliminates the need to print letters. Simply create any communication form and send it to Rent Manager and they will be posted wherever you want. This feature saves a lot of time for you and your staff and also cuts down the cost for printers and mails.
  3. Efficient commercial and financial management. Rent Manager allows you to calculate and distribute recurring charges for your properties. Accompanied by scheduling and reporting features, commercial management by Rent Manager makes sure that your finances never suffer.

15. TenantCloud

TenantCloud dashboard

TenantCloud is an all-in-one cloud-based property management system designed for landlords, tenants, and vendors. It comes with end-to-end features ranging from listing management and tenant screening to automatic invoicing and maintenance request management. With these, landlords can conveniently carry out their tasks and tenants can get enjoy a seamless customer experience.

Founded in 2014 with headquarters in Austin, Texas, TenantCloud provides accounting, work orders management, online rental applications, and online rent collection. It offers customizable income/expense reports, vacancy marketing in different listing websites, personal websites, online communication, cloud storage, and account management.

Detailed TenantCloud Review

Why choose TenantCloud?

  1. Comprehensive Property Management Tools. This platform offers no-fuss features, including rental application processing, applicant screening, tenant matching, and a personal virtual assistant. What’s more, it lets you manage your listing website. This way, it is easier for you to find the right tenants for your properties.
  2. Simplified Transactions. Another thing that makes TenantCloud a great property management tool is that it simplifies transactions. It automates invoicing, supports online payments, and even tracks payments for your convenience. You can also generate on-demand reports on your finances so you can review your transactions in detail.
  3. Highly Flexible Interface. TenantCloud is built for flexibility. For starters, you can use it on any device so you can track properties on the go. Secondly, you can customize its overall look using the built-in design templates. This way, you can provide your tenants and employees with seamless user experience.

16. TOPS ONE Professional

TOPS ONE Professional dashboard

TOPS ONE unifies your accounting and management teams together into an all-in-one platform that works for every aspect of Condo, HOA and CO-OP management.

From accounting to management to communications, TOPS ONE brings your entire community management group together. All of these tools are backed by a powerful automation engine that makes community association management a breeze, saving you time without sacrificing the quality of service for your customers.

Founded in 1985, TOPS Software is headquartered in Clearwater, Florida, with around 200 employees worldwide.

Detailed TOPS Professional Review

Why choose TOPS ONE?

  1. Powerful Portfolio tool. With TOPS ONE’s Portfolio, you gain insight into financials, tickets, owners, and properties. With it, you can give directors read access so they can keep up with the community while tracking the history of every property.
  2. Feature-rich accounting engine. TOPS ONE features a robust accounting engine that comes built-in with comprehensive automation and extensive customizability. It’s powerful enough to satisfy the most demanding accountant and easy enough for someone with no accounting experience to use. It handles account receivables, accounts payable while allowing you to customize your general ledger.
  3. Robust management capabilities. The property management tools in TOPS ONE give CAM Managers the freedom to get out in the community and do their jobs without the need to return to the office to enter data into their software. The secret to speedy inspections is in the setup. Every code has default data associated with it, even the specific CC&R article. This allows managers to enter a complete ticket simply by selecting the location and the code and taking a picture.

17. Buildium

Buildium dashboard

Founded in 2004 and headquartered in Boston, Massachusetts, Buildium provides easy-to-use, affordable cloud-based property management software solutions to property managers and community associations. It comes with tools ranging from tenant screening and rental listing to payment processing and rent collection. What’s more, the platform comes with its own accounting tools to help you keep tabs on your income and expenditures.

Another great thing about Buildium is that it’s equipped with a tenant portal. Here, you can provide your tenants with a place where they can file online maintenance and repair requests, check their outstanding balance, and even keep track of their bills. With this, they no longer have to visit or contact you directly to get the information they need.

Detailed Buildium Review

Why choose Buildium?

  1. Unified system. The logins for management, tenants, and owners are all on the main page. Also, any vacancies will be listed right on the website, along with any disclosures or other documents you want to put there, simplifying operations for you.
  2. Inexpensive 1099 eFiling. It’s $25 per batch and $3 each to mail. If you’ve ever done this yourself, you know you are spending a minimum of $40-50 if you do it yourself, and way more if your accountant does it.
  3. Efficient inspections. Your Buildium properties and information will automatically sync with its partner Happy Inspector, so you don’t have to worry about setting everything up twice. You simply set up the inspections you want, such as annual, periodic, quarterly, or move-in/move-out inspections.

18. Rentec Direct

Rentec Direct dashboard

Rentec Direct is a web-based property management solution designed to help property managers handle all processes relevant to property management. It comes with a robust set of tools to help you manage maintenance, tenants, accounting and even bank records.

Users can utilize the platform to publish property-related information such as vacancies, prices, and images. The same can also be published in popular platforms like Craiglist, allowing property owners and managers to expand their customer base. Other useful features include tenant screening and rental payment, which can be made through credit cards or eChecks.

Detailed Rentec Direct Review

Why Choose Rentec Direct?

  1. Publication of rental listings. The software allows you to publish vacancies online while being able to track leads. It can likewise publish these in third-party platforms like Craiglist, letting you reach out to more people.
  2. Easy rent payment. Rentec comes with an automated clearing house, which helps homeowners automatically make payments. Payments can be made via eChecks or credit cards.
  3. Financial management. Transactions between the system and your bank are automatically synced by the system through QuickBooks Sync. It likewise manages recurring expenditures while providing automatic fees management. Maintenance expenses can also be managed with the system’s Ratio Utility Billing feature.
  4. Tight security. The vendor uses only bank-grade security in keeping your rent information safe and sound.

SiteLink Web Edition dashboard

Founded in Raleigh, North Carolina in 1996, SiteLink leads the industry for Windows and cloud-based self-storage management software and payment processing. It is a preferred choice among leading property management firms today. Aside from its robust scalability, SiteLink has numerous features, including ease-of-use, continuous software updates, and excellent support. Even small-scale operators are entitled to special packages, such as ready-made websites and credit card support.

SiteLink is packed with revenue-generating tools. It helps users automate and enhance the efficiency of numerous business processes such as online payments, CRM, electronic signature, revenue management, phone integration, business reports, etc. You can integrate your business operations with numerous third-party services such as customer service support, leases and legal, analytics, ACH/EFT bank drafts, and many more. It also facilitates efficient PCI compliance, including keeping your data secure as it helps you remain PCI DSS Level 1 certified, along with other certifications.

Detailed SiteLink Web Edition Review

Why choose SiteLink Web Edition?

  1. Fast and reliable. SiteLink Web Edition is created with speed in mind: transactions like payments take 3 seconds or less.
  2. Powerful API ecommerce engine. Capture more reservations, convert leads into rentals faster, rent online and offer feature-rich pages that match your website.
  3. Effective, seamless reporting. Access real-time reports on any computer or mobile device such as a smartphone or tablet, export to PDF or Excel with all the data you’ll ever need.

20. SimplifyEm

SimplifyEm dashboard

Property management tool SimplifyEm is targeted at owners and managers who are seeking to manage their properties more efficiently. The tool offers an extensive feature set that includes fee-charging, online payment collection, income, and expense tracking and communications.

For users with extensive operations, the solution automates tasks that are normally time-consuming. Payment calculation and collection, expense accounting and late rent notifications are automatically carried out by the system. You can also improve the way you manage work orders through SimplifyEm’s task center, which also comes with a calendar to give you a heads up on new orders.

Detailed SimplifyEm Review

Why Choose SimplifyEm?

  1. Powerful reporting. The app allows you to generate reports with ease, information from which can be exported to Excel or QuickBooks.
  2. Banking features. SimplifyEm lets you manage your bank accounts, print checks and handle bank reconciliations. Notices, fees, and statements are also automated, saving you a lot of time.
  3. Accounting module. The software also has an accounting module that can help you handle both payables and receivables while keeping an eye out for recurring fees, all of which are reflected in your transaction history.

Select the Best Property Management Tool for You

The success of your property management efforts relies heavily on the software you invest in. That said, you must choose a solution that can provide you with all the crucial features that this type of platform should offer. To help you out, here are some features that you should look for in good property management software:

Document Management

Property management often comes with extensive documentation; hence, a lot more working hours. These may include those required for processes like compliance, lease expiration tracking, renter inquiry and maintenance requests. Property management software helps automate and secure critical documents.

Easy Searches

The ideal property management tool should be able to make multiple field searches, allowing managers to find property IDs and tenant names with ease. This results in improved information access and productivity.

Mobile Access

In the age of cloud computing, mobile optimization has become king. This development was born out of need as many owners and managers are known to work out in the field. Mobile apps enable them to access these tools anytime, anywhere from the comfort of their smartphones.

Data Security

Cloud-based property management platforms have grown in popularity owing to their ability to safely store information, which may include financial reports, rental data, and critical documents. This allows users to streamline their operations, which in turn, minimizes costs and saves valuable time.

Work Order Management

Managing a property involves customer support and what better way to improve this than by automation. Property management software can manage work orders through ticketing systems while combining the entire workflow–from flagging the issue to assigning staff up to invoicing. Imagine a system that gives you all the functionalities of popular maintenance management software and much more.

And we’re just about done here. Property management software is indeed a boon for property owners and managers, helping them keep up with the daily grinds of property management. With all the benefits that these tools offer, it’s tempting for you to start shopping for one on a whim. But take time to consider your needs before doing so; otherwise, you may end up purchasing a tool that is of no use to you. Or better yet, take our top product for a spin and see if it’s the right one for you.

After all, Condo Control Central is a comprehensive software that simplifies the process of searching and managing properties. What’s more, it allows you to find the right buyers for your properties, allowing you to get the most out of your investment. Should you want to try it out for yourself, be sure to sign up for Condo Control Central free trial.

Aside from having a good software, it is also important that you keep tabs on industry trends. A good place to start would be our list of real estate statistics. With this, you should have a better idea as to where the industry is headed as well as how you should be adjusting to the demands of the market.

Louie Andre

By Louie Andre

B2B & SaaS market analyst and senior writer for FinancesOnline. He is most interested in project management solutions, believing all businesses are a work in progress. From pitch deck to exit strategy, he is no stranger to project business hiccups and essentials. He has been involved in a few internet startups including a digital route planner for a triple A affiliate. His advice to vendors and users alike? "Think of benefits, not features."

2 Comments »
Paul Mensing says:

After only four months with SimplifyEm, we cancelled our subscription with immediate effect. The main reason: they did not pass on to us a major part of the rent payment from a new tenant, to use it in the context of a dispute we had with the previous tenant. In our view, this was unreasonable, unacceptable and unlawful. So, be warned !

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Bahria Town Peshawar says:

Now, one thing I tell everyone is learn about real estate. Repeat after me: real estate provides the highest returns, the greatest values and the least risk

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