Are You Searching for Real Estate Management Software Solutions? Selecting an appropriate platform can make an enormous difference to both the efficiency and profitability of your real estate management business. A careful evaluation of your current needs and desired goals should guide this decision; other key points include considering your target market (i.e. apartment landlords vs commercial, multifamily vs student housing landlords etc). Also evaluate how many properties and units make up your portfolio, their size per unit as well as any amenities provided to tenants by this business.
When shopping for real estate management software solutions, it’s essential that you find a product with features tailored specifically to meet your property management requirements. The ideal solutions should support tasks ranging from accounting and communication through maintenance tracking as well as tenant portals, online payment options and customizable dashboards – among many other essential functions. When searching for solutions that fit the bill for property managers like yourself it’s also key that integrations, affordability and flexibility are considered factors.
AppFolio was selected by Investopedia as their top real estate management software because of its comprehensive tools for handling property taxes and payments, reporting, maintenance, vacancies and AI-powered leasing assistant. AppFolio also features professional property websites, premium leads tenant screening insurance tracking esignature signature collection. AppFolio’s flexible paid plans offer something suitable for both small and large real estate portfolios; with plans tailored specifically to individual users saving you from paying extra features that won’t be needed!
MRI Software, another well-recognized solution, offers a suite of cloud-based tools for apartment, residential, commercial, council and student housing property managers. It can manage the complexities of commercial real estate including investment reports, strategic planning analysis and lease abstraction – while being costlier than alternative options available may not suit smaller landlords despite having high customer satisfaction ratings.
Buildium, On-Site and TurboTenant are also notable real estate management software vendors. Buildium offers both a free plan and paid one with advanced features for accounting, maintenance tracking, e-signature capture, multifamily housing unit management and more. The interface is user friendly; features can be customized as needed and even create your own dashboard to track key performance indicators.
On-Site is a cloud-based solution designed to streamline the leasing process for single family and multifamily rentals, student housing and affordable apartments. It helps secure stronger leads, screen applicants using custom screening criteria and establish an online workflow to speed up application processing. Other offerings from On-Site include marketing suite, leasing suite and renter portal solutions.
AppFolio, On-Site and TurboTenant are other notable real estate management software vendors. All three offer free trials that provide basic capabilities like online rent collection, communication and maintenance tracking. Each should offer excellent customer support as well as user-friendly interfaces – but be wary about sharing sensitive data!