Best Property Management Software Solutions
Find the best property management software for your business. See pricing, reviews, and comparisons between top options Buildium, DoorLoop, and Innago.
Updated on November 24th, 2023
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Property management software is used by building owners and property managers to manage units in a building or multiple buildings. The software can be used as an all-in-one solution for accounting, billing, lease information, communication with tenants, marketing, and more.
Read More:
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- Robust accounting tools.
- Maintenance tracking.
- Tenant communication tools.
- Multi-currency support.
- CRM tools.
- Tenant and owner portals.
Why We Chose Buildium, DoorLoop, and Innago:
Our first choice is Buildium, an automated and scalable property management solution that offers comprehensive accounting, marketing, and tenant services. The platform has a variety of plans available, as well as a free trial for users to try its services before committing to a package.
Buildium ensures a streamlined and optimized lead-to-lease cycle and its standout features include a virtual showings coordinator, bookkeeping automation, a resident's center, and comprehensive client onboarding.
Our second pick is DoorLoop, which is ideal for landlords and rental agents with global property management needs. The platform offers a wide range of intuitive solutions, including CRM tools, multicurrency support, tenant and owner portals, API access, and client onboarding.
DoorLoop has tiered plans that are billed either monthly or annually and are based on the number of units managed, affording users great flexibility and scalability.
In third place is Innago, a free property management solution that caters to a variety of business sizes. Thanks to its user-friendly tools, including property accounting, listing syndication, renter's insurance, and document storage, Innago is a valuable resource for users on tight budgets with basic property management needs.
Things to Consider When Evaluating Property Management Software:
- Consider the types of properties you own and look for software that can cover your needs, whether you manage residential properties, commercial properties, or both.
- To help you with time and resource management, look for software that offers a tenant self-service portal.
- Focus your research on options that integrate property management software with accounting software so that all of your needs can be managed from a single platform.
Best Property Management Software:
Rank | Name | Offer | Review | Learn More |
|---|---|---|---|---|
1. | From $55.00 /mo. | Buildium is a highly-regarded platform that's packed with easy-to-use features and workflow automation tools, as well as a great user interface. | ||
2. | From $29.50 /mo. | The software has great property accounting, work order, CRM, and tenant messaging tools on offer, as well as multicurrency support for global users. | ||
3. | Free. | The software is completely free to use and offers automated workflows and comprehensive customer support, as well as robust property accounting and tenant messaging tools. | ||
4. | From $280.00 +$1.40 /unit /mo. | A user-friendly option with robust features that's suitable for property managers with residential, commercial, and community association portfolios. Ideal for users with more than 50 units. | ||
5. | From $250.00 +$1.00 /unit /mo. | The software features global management tools, customizable reports, vendor credentialing tools, and good tracking capabilities. However, the site lacks live chat support. | ||
6. | From $35.00 /mo. | Ideal for property managers with advanced needs, the platform features a free trial, income and expense reports, vendor management, document storage, and rental form templates. | ||
7. | From $34.00 +$2.50 /unit /mo. | Hemlane is an all-in-one property management solution with a good range of services, including listing syndication, tenant screening, and live chat support. | ||
8. | From $19.95 /mo. | While there is no free trial available, the software is both user-friendly and robust, offering cash flow reporting, custom application forms, in-app tenant messaging, and landlord guides. | ||
9. | Contact for quote. | A comprehensive platform that caters to a range of portfolios, including affordable housing and shared office spaces. However, it lacks a free trial. | ||
10. | From $45.00 /mo. | Rentec Direct offers comprehensive lead tracking, online rent payments, and tenant screening, but lacks custom application forms. | ||
11. | Contact for quote. | A versatile platform that offers excellent listing syndication, tenant screening tools, reporting capabilities, and document management. | ||
12. | From $19.77 /mo. | The software helps users digitize their property management tasks and offers automated workflows, property accounting, and tenant portals. | ||
13. | $10.00 +$0.50 /unit /mo. | A reliable platform that features maintenance requests and online rent payments, but there is no tenant screening or renter's insurance tools available. | ||
14. | From $10.00 /mo. | Pendo is a great tool for businesses of all sizes and offers income and expense tracking, tenant onboarding, and robust property dashboards. | ||
15. | Free and paid options. | Thanks to its free plan, TurboTenant is a valuable resource for users in search of budget-friendly yet robust property management tools, such as state-specific leases, renter's insurance, and online rent payments. | ||
16. | Contact for quote. | The platform features a great selection of property management services, including CRM tools and utility management, but does not have a mobile app. | ||
17. | Free and paid options. | Avail offers a feature-rich property management solution, including tenant screening, financial reporting, state-specific leases, and tenant communication. | ||
18. | Contact for quote. | An online rental marketplace and property management platform with robust tools, such as a virtual showings tool and online rent payments, but no free trial is available. | ||
19. | Contact for quote. | While Entrata lacks a free trial, its property management solution is tailored to the individual needs of users and offers robust utility billing, vendor portals, property accounting, and resident management tools. | ||
20. | $10.00 +$1.00 /unit /mo. | The software has basic yet intuitive property management tools, such as financial reporting, maintenance requests, and document storage. However, the site lacks tenant screening and online applications. |
Pros and Cons:
Pros
- Eliminates the difficulty of manual lease signing and rental payments.
- Software with free versions are ideal for users on tight budgets.
- Most platforms integrate with accounting and tenant screening tools for added convenience.
- In most cases, responsive customer support is available.
Cons
- Many free versions are not as feature-rich as its paid counterparts.
- Premium plans for users managing a large number of properties can become costly.
- There aren't always client onboarding or training tools available, incurring steep learning curves.
Comparisons Between Leading Competitors:
We compared packages offered by Buildium, AppFolio, and Innago to help you find the perfect fit for your business.
Buildium Free Trial vs. Innago Free:
While Buildium only offers a limited free trial, it compares well to Innago's free plan, which has slightly fewer tools than the former. Both platforms feature robust property accounting, tenant communication, and financial reporting solutions, but only Buildium has a virtual showings coordinator, property message boards, and robust third-party integrations.
Buildium Free Trial vs. Innago Free Comparison:
Feature | Buildium | Innago |
|---|---|---|
Free plan | Limited free trial only. | ✓ |
Property accounting | ✓ | ✓ |
Virtual showings coordinator | ✓ | x |
Document storage | ✓ | ✓ |
Property message boards | ✓ | x |
Mobile app | ✓ | ✓ |
Customer support | Email, phone, and live chat. | Email, phone, and live chat. |
Buildium Premium vs. DoorLoop Premium:
The Premium plan is Buildium's top-tier package and, in addition to all of the features included in every other plan, the package includes open API, insights-to-action reporting, and a 15% annual discount when residents use the site's rent and screening services.
In comparison, DoorLoop Premium includes free incoming ACH payments, API access, and unlimited data exporting. Both plans offer superior account support compared to their more affordable options, but DoorLoop's package is more affordable for users with fewer managed units, starting at $69.50 per month for up to 20 units, while Buildium Premium's pricing starts at $375.00 per month.
Buildium Premium vs. DoorLoop Premium Comparison:
Feature | Buildium Premium | DoorLoop Premium |
|---|---|---|
Price | From $375.00 /mo. | From $69.50 /mo. |
Lead tracking | ✓ | ✓ |
Open API | ✓ | ✓ |
Dedicated growth consultant | ✓ | x |
Tenant and owner portals | ✓ | ✓ |
Client onboarding | ✓ | ✓ |
Priority customer support | ✓ | ✓ |
Free Property Management Software
Find out more about the best free property management software for small businesses, with reviews, pros and cons, and FAQs.
Apr 3, 2024
FAQs:
What is the best software for property managers?
What is property management software?
Property management software helps landlords and real estate agents track and manage leases, residents, and maintenance tasks, as well as collect rent and access important financial data to reduce costs and streamline operations.
How much is property management software?
Property management software can cost anywhere between $5.00 and $479.00 per month depending on the needs of your business.
Some companies charge a flat rate, while others charge per unit with a minimum fee. There are also several platforms with free plans or free trials on offer.
What is the best property management software for small landlords?
Is QuickBooks good for property management?
QuickBooks is not property management software. The platform can be used for managing your rental transactions, but most fully-featured property management software offers accounting tools.
How can I purchase rental property management software?
Once you've chosen the property management software that is best for your business, you can select a plan and sign up. Most online property management software solutions have a form for you to fill out before you pay and access the program.
Do I need to use property management accounting software?
Most software for property management comes equipped with an accounting function so that you can keep all of your property management activities in one convenient place. Commercial property management software makes this process much more streamlined for companies that manage dozens of properties.