9 Best Property Management Software of 2023 (Ranked and Compared)

Are you a property manager or owner looking for the best property management software of 2023? You’ve come to the right place. We’ve reviewed and compared 9 top-rated property management software solutions. Our guide will help you find the perfect solution for residential and commercial properties, so you can focus on managing and maintaining your properties.

We’ll go in-depth on all aspects of each property management software, including core features, pricing plans, customer reviews, support options, and more. Whether you need help with maintenance requests or tracking expenses for a large commercial property, our comparison will give you the information you need to make an educated decision for your business.

What is Property Management Software?

Property management software is designed to help property managers, owners, and real estate professionals keep track of their rental properties. Most software solutions include features such as tenant management, financial reporting and tracking, maintenance requests, and more – all in one place. Property management software can make it easier to manage multiple properties at once, giving your business a competitive edge.

Here is our ranked list of the 9 Best property management companies of 2023:

1. Buildium
2. TurboTenant
3. AppFolio
4. Propertyware
5. SimplifyEm
6. MRI Software
7. Yardi Breeze
8. Propertyware
9. RealPage OneSite.

Buildium

Buildium is one of the Best Property Management Software solutions on the market, offering a comprehensive suite of tools that property managers and real estate professionals need to manage rental properties and other commercial properties successfully. It offers features for accounting, business operations, lease management, and benefits management that are built to help property owners succeed in every aspect of their property management services.

Buildium makes it easy to automate rent collection from tenants, send out invoices and reports via email or printouts, set up reminders for upcoming payments, record maintenance requests efficiently and promptly, submit tenant screening background checks online quickly and securely, renew leases electronically with electronic signatures, and much more. Best of all, the software can be accessed on any device, so you can get your work done no matter where you are.

Price

Starting at $52 per month.

Key Features

• Automated rent collection
• Invoice and report sending via email or printouts
• Tenant screening background checks
• Renew leases electronically with e-signatures
• Accessible on any device
• Maintenance request tracking
• Financial reporting and tracking

TurboTenant

TurboTenant is an excellent property management software that simplifies the entire rental process for landlords, property managers, and real estate professionals. It offers many features to help rental property owners manage their residential and commercial properties more efficiently. From advertising and listing vacancies online to tenant screening using TransUnion’s services, TurboTenant offers a comprehensive solution that eliminates the need for manual processes and saves time.

TurboTenant provides landlords with built-in marketing tools to post their rentals on listing websites such as realtor.com, Facebook Marketplace, Rent.com, RentPath, and more within minutes. Plus, it offers an easy-to-use rental application process with centralized applicant information and the ability to obtain necessary documents. Furthermore, landlords can manage their tenants from move-in to move-out, such as rent payments, tenant documents, signatures, and maintenance requests.

Price

Starts at $45 per month.

Key Features

• Post listings on various listing websites
• Rental application process
• Centralized applicant information
• Document collection
• Online rent payments
• Tenant management
• Maintenance requests tracking

AppFolio

Property management software is essential for property owners, managers, and tenants – providing easy access to all the information they need to make informed decisions. AppFolio is one of the best property management software solutions today. Built with busy professionals in mind, AppFolio provides a comprehensive suite of features that enable users to streamline and automate many of the most time-consuming tasks associated with property management.

From creating leases to tracking maintenance requests, AppFolio has it all – allowing users to manage their residential or commercial properties easily. Best of all, AppFolio offers reporting features that make it easy to track performance metrics in real time, so users can always stay on top of their property management efforts. For real estate professionals, AppFolio is the perfect solution for easily managing residential and commercial properties.

Price

Starts at $3 per month.

Key Features

• Lease creation and tracking
• Maintenance requests tracking
• Reporting features to track performance metrics
• Document management
• Tenant credit checks
• Integrations with various accounting software solutions
• Online rent payments

Propertyware

Propertyware’s rental property management software suite helps users to streamline operations related to the tenant, owner, and property management. The software enables users to access their financials & portfolios on a single platform, accept payments online, post tenant vacancies & ads online, manage tenant maintenance requests, track property performance, and analyze marketing campaigns. Additionally, the product provides web-based dashboards that offer comprehensive insights into all activities related to a property. It also offers automated inspection scheduling, customized reporting and analytics, document management capabilities, and mobile integration.

The software supports multiple payment gateways like PayPal, Stripe, and Braintree. Users can also generate invoices & rent rolls with the product’s automation capabilities. Propertyware also offers a tenant and owner portal that helps users communicate better with tenants & owners and manage their requests.

Price

Starts at $1 per month.

Key Features

• Financial and portfolio management on a single platform
• Online rent payments
• Listing & advertising vacancies online
• Maintenance requests management
• Property performance tracking
• Marketing campaign analysis
• Inspection scheduling
• Customized reporting and analytics

SimplifyEm

SimplifyEm is a comprehensive property management software solution designed to make the lives of property managers and landlords easier. It enables users to efficiently manage their income and expenses on each rental property, stay on top of tenant balances, charge fees accurately, easily collect payments online, and communicate with tenants through notices and tenant portals. This eliminates the need for property managers and landlords to manually manage each property manually, saving them time and effort.

SimplifyEm also facilitates automating many processes that would otherwise be tedious and time-consuming. Property managers and landlords can automate the calculation of fees each month, automatically collect payments from tenants, issue late rent notices and other statements via the automation center, and receive maintenance requests from tenants. This allows users to streamline their operations and focus more on other business areas.

The software also provides an intuitive user interface that makes navigating the product and performing various tasks a breeze.

Price

Starts at $25 per month.

Key Features

• Income and expense management
• Tenant balances tracking
• Fee calculation automation
• Online payment collection
• Advanced tenant communication
• Maintenance request management
• Intuitive user interface
• Automation center for notices and statements.

MRI Software

MRI Software is a leading innovative real estate software application and hosted solutions provider. Its comprehensive platform offers flexible technology that provides connected cloud-based solutions to meet the diverse requirements of real estate owners, operators, occupiers, and investors. This powerful suite of solutions provides everything from property-level management and accounting tools to investment modeling and analytics for both commercial and residential markets.

The flagship SaaS offering from MRI is the Platform X suite – an intuitive cloud-based ecosystem that enables secure Single Sign On (SSO) access across multiple integrated modules. These include financial accounting, real estate lifecycle management, automated residential & commercial leasing, retail & leasing CRM support, tenant portals, and reporting and analytics capabilities for data-driven decision-making.

Price

Contact MRI Software for buying.

Key Features

• A cloud-based ecosystem with Single Sign On (SSO) access
• Property-level management and accounting tools
• Investment modeling and analytics for both commercial & residential markets
• Automated Residential & Commercial Leasing support
• Retail, leasing CRM and tenant portals
• Reporting and analytics for data-driven decision-making.

Yardi Breeze

Yardi Breeze is a cloud-based property management solution designed to help residential and commercial real estate professionals manage their properties efficiently. The software offers an intuitive user interface for easy navigation and powerful tools for managing maintenance requests, posting rental listings online, tracking rent payments, viewing financial performance, creating customized reports, and more.

Yardi Breeze also features an integrated tenant portal that allows tenants to view their lease information, submit maintenance requests and make rent payments easily. Plus, the platform integrates seamlessly with popular payment gateways so users can accept online payments securely.

Price

Starts at $1 per month.

Key Features

• Intuitive user interface
• Maintenance request management
• Listing & advertising vacancies online
• Rent payment tracking & collections
• Financial performance reporting
• Creating custom reports & analytics
• Integrated tenant portal access

Propertyware

Propertyware is a comprehensive property management software solution designed for real estate professionals. The cloud-based platform offers various features that help users manage their properties, tenants, and staff. Users can easily manage rental listings, accept online tenant payments, track maintenance requests, generate financial reports, and more through the software.

The platform also provides a tenant portal where renters can view their account history & balance due, submit maintenance requests, and make rent payments securely. Propertyware integrates with leading payment gateways, allowing users to accept payments in multiple currencies and from various payment methods.

Price

Starts at $1 per unit per month.

Key Features

• Property & tenant management tools
• Rental listing & advertising features
• Online rent payments & collections
• Maintenance request tracking
• Financial reports & analytics
• Tenant portal access
• Integration with payment gateways.

RealPage

RealPage is a leading provider of property management solutions and services for residential and commercial real estate owners, operators, and investors. The company’s suite of products includes financial accounting & reporting, asset optimization, lease administration, and tenant screening tools.

RealPage property management software also provides powerful features such as tenant portal access with rent payment processing, maintenance request tracking, online rental listings & advertising, financial performance reporting, and more. Plus, the software integrates seamlessly with popular payment gateways to enable secure online payments from anywhere worldwide.

Price

Contact RealPage for buying.

Key Features

• Financial accounting & reporting tools
• Asset optimization solutions
• Lease administration support
• Tenant screening tools
• Maintenance request tracking
• Online rental listings & advertising
• Tenant portal access with rent payment processing
• Financial performance reporting
• Integration with payment gateways.

Final Thought!

By choosing the best property management software for your rental business, you can automate many of the manual tasks and processes associated with managing rental properties. This can help save time and money in the long run and make managing your rental portfolio easier. Consider all the options available when selecting a property management software solution that meets your needs now and in the future. It is important to remember that most property management software solutions are customizable so that you can tailor them to your specific needs and preferences. With the right solution, you can be sure your rental business is running smoothly and efficiently!

FAQs

What other is property management software solutions available?

There are a variety of property management software solutions on the market, such as Propertyware, RealPage, and community association solutions. Each solution offers different features and capabilities depending on your needs.

Who can benefit from using property management software?

Property management software is beneficial for property owners, managers, and investors. It can help streamline rental processes, track maintenance requests, and generate financial reports.

What features are included in most property management software solutions?

Most property management software includes features such as tenant portals with rent payment processing, online rental listings & advertising, maintenance request tracking, financial performance reporting, and integration with payment gateways.

Are there special property management services tailored to commercial properties?

Yes, specialized commercial property management software solutions are available specifically designed to meet the needs of commercial real estate professionals. These solutions typically include additional features such as owner and tenant portals and community associations.