Real estate management can be an intricate undertaking, especially when overseeing a vast portfolio. Property managers need the appropriate software to streamline operations, reduce expenses and offer tenants top-of-the-line service. The top software for real estate management offers various tools designed to tackle common challenges associated with acquisition/leasing agreements, tenant screening processes and financial tracking.
AppFolio is an attractive choice for property managers of large rental portfolios, as its advanced features and user-friendly dashboard enable them to efficiently run business operations. Their comprehensive suite of tools includes online rent collection, property maintenance and financial reporting – as well as tenant screening tools like credit, criminal and eviction reports to provide landlords with accurate risk assessments. Furthermore, AppFolio automates payments using ACH, credit card and debit card options – facilitating cash flow and collection processes as well as reminders, late fee tracking or late fee tracking tools in order to optimize business operations.
Buildium was designed to make managing both residential and commercial properties simpler, providing an extensive set of tools and highly reviewed solutions. Buildium can centralize subcontractor documentation to simplify communication and collaboration; track work orders with detailed documentation and photos; document delivery receipts; monitor resident parking permits; document property status changes such as vacancies or tenant turnover from any device; track delivery receipts and document delivery receipts. Furthermore, this software makes an excellent fit for HOA/condo associations, featuring specific community management features.
PayHOA provides essential operations management for homeowner associations, condo associations and multifamily housing complexes of any size. It can manage single-family homes to commercial and student accommodations and can integrate marketing and advertising campaigns. Furthermore, PayHOA features a tenant portal for residents as well as mobile apps enabling property managers to accept payments, organize work inspections and submit maintenance requests on-the-go.
DoorLoop, one of the youngest rental property management solutions on our list, offers landlords with diverse portfolio sizes an intuitive platform with short learning curve and speedy onboarding process. It combines common property functions into one unified application while offering various subscription tiers – with all subscribers having access to core capabilities as well as excellent training and support from trusted providers.
MRI Software is an industry leader when it comes to commercial real estate software solutions, offering an investment management module and AI lease abstraction tool among its comprehensive list of solutions. Users can easily analyze commercial property investments with its investment management module and generate easily-read reports to showcase trends in the market for informed decision-making. Meanwhile, its AI lease abstraction tool quickly pulls lease data quickly for compliance audit readiness as well as cost control purposes. Unlike some solutions on our list, MRI doesn’t post pricing details directly; instead interested property managers can submit their contact info in order to speak with a sales rep directly.