Best Property Management Software Review

Real estate is a great investment, with returns equal to or better than the stock market. Whether you’re more of a veteran to the real estate game—or just starting out—you’re going to need the right tools to manage your various responsibilities.

Enter the best property management software review. See how it makes management of your real estate investment a lot easier, helping to streamline the different aspects of property management. Whether you’ve got a commercial property or residential real estate, it’s a critical tool in keeping control of your real estate portfolio.

Imagine being able to manage your accounts, tenants, various payments, and leasing agreements—all through one piece of software. Sounds amazing, right?

Property management software removes a lot of the perceived barriers to entry for real estate newbies and novices. If you’re intimidated by any part of the process—whether it’s something as simple as keeping track of rent payments by your tenants, or it’s more complex like figuring out taxes (never a fun activity!)—then this is your game-changer.

best property management software review

If you’re asking yourself where you should start and which software you should choose, then you’re on the right track. We’ve rounded up the best real estate property management software platforms and assessed each one. Check out our compare and contrast of some of the top tools in the game.

Rentec Direct

Rentec Direct is one of the best-known property management software services in the biz. It’s a full-service option that employs cloud technology to offer you solutions for literally every aspect of managing and growing your real estate portfolio.

Have trouble managing your tenants? Rentec Direct has an online tenant management platform that both you and your renters can use to make and process payments and maintenance requests.

One of the coolest and most useful features of Rentec Direct is the fact that they share aggregate data with their subscribers. Use this service to get a sense of how the pandemic is affecting the real estate markets you’re in.

The pricing isn’t too bad either. Expect to pay about $35 per month if you manage anywhere between 1 and 5,000 units.

Buildium

Buildium is a more augmented option for real estate investors. It doesn’t matter if you’re managing 5 units or 500, this software is perfect if you want to grow or scale. Buildium gears its software solutions towards more than management.

The cost for Buildium’s SaaS platform depends on the package you choose. Plans start at $50 a month, and can increase to more than $460 per month for full-scale service, complete with analytics and their Buildium Rewards discount program.

The coolest thing about Buildium? It tracks properties of interest that may be close to you so that you can buy more units and have more real estate investment options, like multi-unit properties (such as small gated communities). Unleash this tool to expand your property portfolio. Buildium helps you figure out ways you can make your piece of real estate more profitable, and helps you to increase the revenue you earn.

Let’s continue with more on the best property management software review.

ResMan

ResMan is great for property owners and managers who are looking for a solution that’s tailored to their specific needs. Their packages are broken down into different categories: multi-family, affordable and low-income housing, and commercial, etc. Some categories offer different features that different investors might find helpful—like resident screening, resident credit reporting, common area maintenance, and more.

Need help with managing it all? They assign you a dedicated project manager for end-to-end, who will even help you with migrating everything over to their platform.

Want to learn more and take control of your ResMan experience? Their team offers clients training so that you can manage your portfolio on your own (when you feel ready, of course).

Resman’s SMB and enterprise pricing plan information is available only upon request of a quote, but you can request a free demo to see if their customized solutions are worth the investment..

RentRedi

RentRedi is software with a lot of useful, real-world solutions for both owners and tenants. It’s fully customizable, and it’s got this really neat mobile platform that is great for integrating with different aspects of the tenant experience. Your renters can make cash payments at one of RentRedi’s 90,000 retail sites, set up automatic monthly payments, and more.

The best part? RentRedi doesn’t charge you for adding tenants or units to your setup. It costs $19.95 for a monthly, pay-as-you-go subscription, but there are also annual and 3-monthly plan options at $9 and $15 per month, respectively. They recommend the annual plan: at $9 a month, you can save about $132 per year, if you’re willing to do annual payments instead of monthly or quarterly ones.

RentRedi understands that property ownership is ultimately about managing the experience for tenants. If you’ve got residential tenants, the service has also introduced a cool new offer for your tenants: credit boosting. Incentives like this can help you stand out from your competition in the real estate market.