Published 11 Sep 2023

The 10 Best Property Management Software of 2023

property manager using a property management software

What is a Property Management Software? 

Property management software is a digital tool that supports property managers and landlords in performing their daily duties. It helps them maintain, monitor, and operate their real estate properties—from rent collection to maintenance and repairs. A property management app caters to residential, commercial, and industrial spaces of all sizes. Through effective property management, landlords can increase the value of their assets and keep their tenants safe.

Why Use a Property Management Software?

Property management app solutions help landlords and property owners accomplish their tasks more efficiently. Moreover, an efficient property management system also provides the following benefits:

Simplified Day-to-Day Operations

Tasks such as service requests and payment reminders often take up a lot of time when done manually. But with property management software, landlords can automate their workflow processes in a more streamlined fashion. This practice reduces manual workloads for property managers and their staff, allowing them to focus on more substantial tasks.

Time- and Cost-Effectiveness

Digitizing manual tasks enables property managers to save time, costs, and resources. For example, a property management software presents an exciting alternative to door-to-door rent collection. It allows landlords to collect fees and send invoices electronically. Doing so ensures that they receive payments accurately and on time. Managers no longer need to knock on their tenants’ doors to follow up, for the platform does the work for them.

Improved Tenant Services

A property management app also includes features that let managers screen, select, and manage their residents. The platform keeps track of contact, lease, rent, and other relevant details. It also enables them to relay important messages to tenants on any device. With this software, landlords can seamlessly manage their tenants from prospect to move out.

Efficient Property Maintenance

Aside from collecting rent and handling tenants, property managers also need to keep their properties in good working condition. This task becomes more streamlined with the help of property management software for landlords. Through this platform, managers can receive, assign, and track maintenance jobs in one place. This allows maintenance teams to accomplish tasks on time and resolve issues as early as possible.

How to Choose the Right Property Management System

Landlords and property managers require robust tools to stay connected with their residents and maximize the value of their assets. A property management app keeps them on top of the game to reach their goals. With the variety of applications available in the market, it can be challenging to find the one that caters to their round-the-clock needs.

Aside from the app features, it’s also essential to consider the following characteristics when deciding on a property management system:

  • Price
  • Property type: residential, commercial, industrial, or mixed
  • Portfolio size: small, medium, or large
  • Deployment: Web, Mobile (iOS, Android)

To help narrow down your search, the table below compares the best property management apps by their specialties, pricing lists, and deployment.

App/Software Best For Free Version Lowest Paid Plan Monthly Price Free Trial Web Mobile
SafetyCulture All portfolio sizes and types Yes $19 Yes, 30 days Yes Yes
AppFolio Large property portfolios None $1.40 N/A Yes Yes
Innago Small to midsize properties Yes N/A None Yes Yes
Avail Small property portfolios Yes $5 None Yes Yes
Buildium Residential properties None $50 Yes, 14 days Yes Yes
ResMan Multi-family apartments None N/A None Yes None
Condo Central Condominium units None N/A None Yes Yes
Re-Leased Commercial properties None Custom pricing None Yes Yes
Lodgix Vacation rental properties None $69.99 Yes, 30 days Yes None
Easy Storage Solutions Self-storage facilities None $70 Yes Yes Yes
leizel estrellas safetyculture content specialist

SafetyCulture Content Specialist

Leizel Estrellas

Leizel Estrellas is a content writer and researcher for SafetyCulture. Her academic and professional training as a researcher allows her to write meaningful articles that create a lasting impact. As a content specialist, she strives to promote a culture of safety in the workplace through accessible and reader-friendly content. With her high-quality work, she is keen on helping businesses across industries identify issues and opportunities to improve every day.

Leizel Estrellas is a content writer and researcher for SafetyCulture. Her academic and professional training as a researcher allows her to write meaningful articles that create a lasting impact. As a content specialist, she strives to promote a culture of safety in the workplace through accessible and reader-friendly content. With her high-quality work, she is keen on helping businesses across industries identify issues and opportunities to improve every day.

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