Several software tools are popular among residential property management businesses, each with their strengths and target audience. Some of the most recognized ones are as follows.
AppFolio: A powerful and comprehensive solution, AppFolio is ideal for larger property management companies. It boasts a wide range of features, including accounting tools, online portals, and real-time reporting. (used by the creator of this list).
Buildium: Often mentioned as a top choice, Buildium offers a comprehensive suite of features suitable for businesses of all sizes. It handles tasks like tenant screening, rent collection, accounting, maintenance requests, and communication.
DoorLoop: This cloud-based platform is known for its user-friendly interface and scalability. It caters well to small and mid-sized property managers with features like online portals, lease management, and financial reporting.
Yardi Breeze: Aimed at both small and larger businesses, Yardi Breeze offers robust property management tools. It includes features for managing maintenance, marketing vacancies, and generating reports.
Avail: This software stands out for being free to use for a limited number of properties. It’s ideal for individual landlords or those managing a small portfolio. Avail offers basic functionalities like online applications, rent payments, and background checks.
RentRedi: This cloud-based software is another popular option for smaller property management companies. It focuses on core functionalities like tenant screening, online rent payments, and maintenance management.
Propertyware: Known for its user-friendliness, Propertyware caters well to landlords managing single-family homes and smaller portfolios. It offers features for online applications, lease management, and maintenance requests.
TenantCloud: This user-friendly software is budget-friendly for smaller businesses and landlords. It offers features for rent collection, maintenance requests, and communication with tenants.
SimplifyEm: This cloud-based platform is known for its affordability and ease of use. It’s ideal for landlords or very small property management companies managing just a handful of properties. SimplifyEm offers basic features for rent collection, managing tenant communication, and generating basic reports.
TurboTenant: While not a fully-fledged property management software, TurboTenant offers a unique free tier specifically designed for landlords. It focuses on simplifying the tenant screening process and online rent collection. Landlords can upgrade for additional features like lease management and background checks.
The best software choice will depend on the specific needs of your property management business. Consider factors like the size of your portfolio, desired features, budget, and user-friendliness when making your decision. Keep in mind, commercial property management businesses or HOA management companies may use other tools designed more for those niche industries.
