2015 Property Management: Product List

Check out some of the best technology solutions for managing properties.

April 29, 2015

There are several product suites that can help property managers track their daily tasks, including collecting rent payments, tenant screenings, managing documents (such as rental applications and property maintenance), and generating reports.

There are even some solutions specifically for residential, commercial, and vacation properties, while others offer a mixture of tools that can work for more than one type of property. Take a look at the charts below to decide which product fits your business best.

 

For Residential Property Management

Company Cost What It Does
TrueRent Free for up to 50 rentals, additional units $1 each per month No-risk introduction to cloud-based property management for those handling a limited number of units. Includes modules for simplified transaction management; online lease applications with tenant screening; digital document management; standard and customized reports; investment analysis; and automated alerts. Owner and tenant portals for secure access to their information and submitting maintenance requests.
Quicken Rental Property Manager 2015 $164.99 Windows software for the landlord or property manager handling a limited number of rentals. Combines the financial management tools of Quicken Home and Business with specific tools for organizing all information related to managing rentals and tenants. Generates tax forms and provides reports and projections for cash flow, expenses, and rental income.
Rentec PM $25 per month for first 25 units, then fee-based for additional units Scalable cloud system for professional managers of residential rentals. Handles tenant screening, tracks basic accounting by tenant or property, generates customizable reports, flags recurring transactions, and includes cloud storage. Other versions available for landlords and associations.
Point2 Property Manager Starts at $50 per month for up to 50 units, volume discounts available Cloud-based solution that can handle up to 1,000 residential units and can be used for homes, duplexes, or apartment complexes. Includes modules for marketing and leasing; tenant, owner, and unit history; accounting and payments; and standard reports. Also supports owner Web portals, mobile access, and data export to QuickBooks.
Entrata Core Free for basic module, numerous fee-based enhancements Core component of the Entrata PaaS residential property management platform of cloud-based services. Entrata Core provides modules for accounting, tenant and lease management, and maintenance orders. Optional expansion modules available for marketing, digital signing of leases and contracts, system access from mobile devices, digital document storage, applicant screening, and a tenant and landlord Web portal.

 

For Condos/HOAs

Company Cost What It Does
TOPS Cloud Service Price Not Available Specialized management software for multi-unit condominiums and homeowner associations. Includes modules for administration, accounting, maintenance scheduling, billing, enforcing community rules, and generating detailed reports. Users can automate regular tasks, communications, tenant billing, collections, and other responsibilities. Smartphone apps for mobile access available

 

Dual-Purpose Commercial and Residential

Company Cost What It Does
PropertyWare Subscriptions start at $80 per month Scalable integrated suite for organizing and managing all data related to properties, owners, and tenants. Handles accounting, digital documents, leases, renewals, maintenance, work orders, and payments. Optional upgrades for tenant and owner Web portals, as well as inspections using a smartphone or tablet.
Buildium Starts at $100 per month for up to 100 units Scalable cloud-based suite for all types of rentals. Includes accounting with customizable reports; online rental applications; credit and background checks; payment, tenant, and lease tracking; maintenance work orders and payments; and a marketing system. Options to add tenant and landlord portals as well as electronic payment processing.
AppFolio Property Manager $200 minimum per month, plus setup fee Popular cloud-based management system that handles all types of rentals. Includes modules for accounting, reporting, marketing, work orders, and owner reports. Also can create online portals for renters and owners, as well as process online applications, leases, and payments.
PROMAS Windows software version, $900 for managing up to 30 units; cloud version, $70 setup then $70 per month for 10 units or less Suite includes tools for accounting, banking, check printing, owner statements, property history, banking, fee-based management, and multi owner/investor payments.
Yardi Based on type of property, number of units, features, and options Offers specialized software and a range of fully integrated property management services built on the features of its Yardi Voyager cloud platform. Designed for managing large rental portfolios. Offered in versions or suites for residential housing, commercial rentals, multi-family units, and senior living facilities. Optional marketing suite also available.
RentManager Depends on version and number of rental units Available as a cloud-based service and Windows software in different editions, including small business, professional, and enterprise. Includes an integrated management suite for residential or commercial rentals, as well as modules for contact management, accounting, marketing, and maintenance, with report and mapping functions. Supports electronic rent collections and payments to owners and vendors.

 

For Vacation Rentals

Company Cost What It Does
Leasetool First 10 properties free, then $89.99 per month Cloud solution for seashore vacation units. Can be set up with weekly or seasonal rental schedules. Automatically e-mails leases to owner and renter, and tracks payment and generates daily office reports. Can be integrated into an existing website with a search function by date or other criteria. Mobile-friendly platform for use of all features on a smartphone or tablet.
Kigo Vacation Rental $59 for nine units or less, plus $.70 fee per rental transaction for each night the property is booked Scalable cloud solution for managing vacation rentals. Basic package provides online reservation booking and management system, payment processor, basic accounting and reports, and an owner portal. Optional upgrades add CRM and advanced management tools for multiple users and properties.
TRACK Starts at 2.99 percent of the rental transaction and includes credit card fees; Setup fee starts at $500, based on number of units Specialized cloud service for managing up to 5,000 vacation homes, resorts, lodges, or multi-unit developments. Provides tools for online reservations, accounting, electronic payment, guest tracking, maintenance scheduling and customer relationship management. Includes the Track Pulse call tracking and revenue optimization system, with seasonal rate scheduling to boost occupancy.

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