Real estate management software provides an essential service in automating numerous repetitive tasks involved with renting and managing properties, from rent collection and invoice generation to tenant communication and maintenance scheduling. By saving time and reducing manual errors, these tools enable you to save both time and resources – as well as gain quick and easy access to data for making informed decisions for your business.
Users often cite several factors as influences for selecting a property management tool, including functionality offered, cost-effectiveness and ease of use. Automation across multiple functions – not just one specialized function – tends to receive higher reviews among reviewers. Other considerations include compatibility with other software or apps and being able to integrate external data. Finally, customers often gravitate toward solutions offering exceptional customer support with an intuitive user interface.
Real estate investors and property managers looking for software solutions to increase efficiency and profitability may struggle to identify which system best meets their needs; with so many available, it may be daunting. To help make it easy, we gathered up some of the most popular options on the market and reviewed what users are saying about them.
AppFolio is the go-to platform for real estate investors with expansive rental portfolios, providing standard property management features such as handling maintenance requests and automating payment processes while facilitating online lease agreements. Beyond these basics, AppFolio includes robust features for managing rental properties of all kinds including an integrated marketing suite to promote vacant properties; mobile apps specifically for tenants; financial reporting that offers insight into business performance.
Users have high praise for the responsiveness and expertise of customer service at this company, while integrations with other accounting systems and its tenant portal/communication tools help enhance office efficiency. Unfortunately, some have noted a steep learning curve as well as its prohibitively costly price tag that could potentially inhibit smaller portfolios from using this system.
Landlord Studio is a flexible solution that can be used to manage single-family homes, multi-unit properties and short-term rentals. It also supports property management operations like leasing, document storage and filing, maintenance management and compliance oversight. Residents and tenants can easily interact with their landlord via its intuitive online portal while its automation tools reduce time spent performing routine tasks. Pricing options are flexible – starting with the starter plan or moving on up to premium.
SimplifyEm is an accessible solution designed for real estate investors and property managers that offers flexible features to meet the individual requirements of real estate investors and managers. Accessible from any device and providing an intuitive user interface, its cloud-based platform makes SimplifyEm easy to navigate while its streamlined features also include advertising on 15 rental websites, 24/7 repair coordination support and nationwide eviction support services.