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Property Management Software: Rent Your Properties, Own Your Profits

Running a successful property management operation is no small feat. Any number of business challenges keep property managers awake at night. How to fill vacancies? What can be done to ensure timely, full rent collection? Will property repairs, acquisitions, or improvements justify the return? To complicate things just a bit further, owners and investors want to know the answers too! After all, they know they have options. Savvy property management companies are increasingly utilizing robust software solutions to gain a competitive edge. Read on to find out more about your software options and how they can benefit your company.

Overwhelmed? We’ll help you find your ideal software solution, absolutely free!

Find out why thousands of businesses trust Find Accounting Software to help narrow down thousands of options to a managable list of top recommendations. There’s no pressure, no obligation, and no cost. Sound good? Let’s get started!

The companies and representatives you sent our way were prompt and thorough… I definitely would recommend your company as a means to exploring options with qualified providers. — Bruce Conley
Your service saved me some very valuable time and hooked me up with some excellent resources. Thanks for providing this top-notch service. — Linda Vittori
Thanks! Having a service like this to help navigate the ocean of accounting software and help identify potential good-fits without having to delve through numerous bad-fits is of tremendous value! — Mark Carpenter

Finding the right property management software for you

Property management companies come in all shapes and sizes of course. That’s a big part of the reason there is no one single answer to which property management software is the best. If you’re managing a large portfolio of industrial or office-oriented commercial space, your needs are different than if you manage a small set of single-family residences. Still, there are many common challenges. No matter your needs, software solutions are being designed to reinforce operating best practices and help you run your company more profitably.

What types of business challenges do property management software options address? Another way to ask that might be: What types of challenges do you have? The reality is that where there exists a need, the software market has responded with sophisticated, software-based solutions. There are property management solutions that address back-end accounting, payment processing, investment management, tenant tracking, work orders, complex reporting, and beyond.

Full-spectrum property management functionality

Let’s take a closer look at some of the most important capabilities provided in property management software programs:

  • Accounting. Strong accounting functionality provides the ability to implement efficient bookkeeping workflows, while providing the foundation to make informed, data-driven financial decisions. Accounting features enhance your ability to handle check writing, management of receivables and collections, bank reconciliations, top level financial reporting, and fixed asset depreciation.
  • Work order management. The upkeep of facilities is key to both tenant satisfaction, as well as attracting new residents and potential investors. Work orders provide a means to manage service work, preventative maintenance, and unit prep work. Work order management systems can help you coordinate work you perform with your own staff, in addition to work you subcontract to outside vendors. Scheduling features optimize availability of labor and equipment to make sure work is being performed as efficiently as possible. Additionally, more and more programs are providing mobile access to allow field access for service workers.
  • Rent collection. Collecting on rent in a timely manner is one of the main challenges facing your property management company. The quicker and more completely you can receive tenant payment, the better positioned you are to put that cash to work for you. Great strides have been made in the rent collection tools available to property managers. Many solutions offer online payment portals and the ability to establish electronic (ACH) payments. Receivables and rent collection tools also offer features designed to make taking in fees and security deposits more manageable.
  • Property tracking. One of the key reporting dimensions for property managers is the ability to track information on a property or unit basis. This is generally an aspect of property management software systems that is unique to the industry. With the right system you can track property assets and value, vacancies, tenant histories, property descriptions, previous improvements and work, as well as ownership and investment information.
  • Tenant management. Every property management company is looking for tenants who make prompt payment and ideally stay tenants for the long-term. A tenant management module provides a central repository for tracking tenant information and optimizing the relationship. Tenant management solutions allow you to database tenant data including contact info, payment and service history, renewals, rent increase schedules, and beyond. Additionally, many programs integrate tenant screening functionality to help you put existing credit data and criminal histories to work in helping you find desirable tenants.
  • Investment management. Taking on new ownership interests and investors can dramatically accelerate the growth of your property management business. The ability to track and report on ownership and investment data is a major business challenge though. Investment management modules allow you to track investments, handle disbursements, and even identify new investors. Online owner portals are becoming increasingly popular as a way to efficiently provide owners a snapshot view of their investment data.
  • Prospect tracking. Attracting new clientele is as important to property managers as to any business. Prospect tracking systems allow you to automate much of the work related to finding new tenants including databasing contact info, posting vacancy ads, scheduling showings, and coordinating with interested potential tenants.

Taking the next steps

Robust property management solutions are becoming increasingly more accessible. Many features, which just a few years ago were reserved for only the most sophisticated, enterprise solutions, are now available to property management businesses of all sizes and software budgets. Software providers are leveraging tools like business intelligence dashboards, web portals, automation features, improved system integration, customizable alerts, and mobile access to help property managers run their business more efficiently.

If you are at the point where you are ready to find out which property management programs are right for you, we can help. Through a brief phone call, our software specialists will look to better understand your business and software needs to help you locate a handful of solutions that can address the issues you are currently experiencing. Get started today!

Popular Property Management Software Products

Looking for software for your property management business? Over the years, we’ve helped match thousands of businesses just like yours with great software. Below you can check out a list of the options most commonly considered by others in your industry. Browse for fits or let us help you find the best choices for your needs.

Which software is right for you? Get quick and accurate recommendations.

What if you could simply tell someone about your software needs and they’d find your best choices? Look no further. We’ll listen to your needs and find your top software matches. That’s it. There’s no pressure, no cost.

The companies and representatives you sent our way were prompt and thorough… I definitely would recommend your company as a means to exploring options with qualified providers. — Bruce Conley
Your service saved me some very valuable time and hooked me up with some excellent resources. Thanks for providing this top-notch service. — Linda Vittori
Thanks! Having a service like this to help navigate the ocean of accounting software and help identify potential good-fits without having to delve through numerous bad-fits is of tremendous value! — Mark Carpenter
  • Budgetrac Real Estate Developer Software by Budgetrac Systems

    Budgetrac is a complete integrated project costing and financial system designed specifically real estate developers and homebuilders. It combines a strong back office accounting solution with a comprehensive project control, powerful property...

  • AppFolio Property Manager by AppFolio

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  • RIS by Realty Information Systems

    RIS is a full featured solution for Residential and Commercial property managers. RIS includes functionality that allows you to better manage your vacancies, legal cases and lease renewals along with managing the finances for the organization...

  • Property Manager Edition by Buildium

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  • brokerWOLF, Back Office Management System by Lone Wolf Real Estate Technologies

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  • SKYLINE Property Management Software by SS&C Technologies

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  • MRI Commercial Management by MRI Software, LLC

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  • MRI Bostonpost Property Manager by MRI Software, LLC

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  • Core Property Management by Core Real Estate Software

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  • RentMagic by RentMagic Software Inc.

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    REALedger™ has everything you'd expect from comprehensive accounting software, plus many more features to make managing your real estate office easier than ever. * Listings - Manage information related to property listings and showings. *...

  • PropertyBoss ‑ Property Management Software by PropertyBoss Solutions

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  • PrintBoss by Wellspring Software

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  • Yardi Voyager Property Management by Yardi Systems

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  • Yardi Enterprise Property Management by Yardi Systems

    Yardi Enterprise records and reports on all aspects of property management. This unique program integrates data from such fields as accounting, maintenance and gross potential rent - for everything from single unit rentals to complex multi-site...

  • Maximizer Enterprise CRM by Maximizer Software

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  • Sage 300 Construction and Real Estate by Sage

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  • QuickBooks Pro by Intuit

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  • Infinity POWER Advanced Accounting Software by Data Pro Accounting Software

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  • QuickBooks Online by Intuit

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  • Aplicor Online Accounting by Aplicor

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  • JD Edwards EnterpriseOne by Oracle

    JD Edwards EnterpriseOne is a complete suite of modular, pre-integrated industry-specific business applications designed for rapid deployment and ease of administration on a pure internet architecture. It is ideally suited for organizations that...

  • Executive Series by Searer Business Technology

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  • UNIT4 Business World by UNIT4 Business Software

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  • Sage CRM by Sage

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  • EmpowerFinancials by EmpowerFinancials

    EmpowerFinancials is a family of integrated modules for accounting, distribution and...

  • NetSuite by NetSuite

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  • BNA Fixed Assets Solutions by Bloomberg BNA

    The BNA Fixed Assets product line from BNA Software offers data entry, data management, and reporting capabilities beyond any other program you might be using. BNA Fixed Assets' unique Open Timeline gives you unparalleled flexibility and...

  • Dynamics NAV by Microsoft

    Microsoft Dynamics NAV delivers industry-specific functionality along with multi-language and multi-site capabilities. Its integrated development environment enables customizations with minimal disruption to business processes. Designed to work like...

  • Sage 300 by Sage

    Traditional enterprise resource planning (ERP) software solutions provide an automation platform that connects the functional areas of your business—accounting, distribution or warehouse, and manufacturing. Modern ERP software solutions have...

  • Acumatica ERP by Acumatica

    Acumatica Cloud ERP provides all of the features of traditional accounting, financial, and ERP software, but is web-based so it is less expensive to maintain, centrally managed, and accessible from anywhere. Customers can purchase a license and...

  • Intacct by Intacct

    Intacct provides professional-strength, on-demand financial management and accounting applications for small and mid-sized businesses. Get the same power, functionality, reporting and security that traditional legacy on-premise systems provide, but...

  • Dynamics GP by Microsoft

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  • Dynacom Enterprise ERP by Dynacom Technologies

    With the Dynacom Enterprise solution, Dynacom offers you a new way of thinking your business. Tailoring your business management solution according to your specific needs is a great way to reduce costs and maximize productivity and...

  • PROPHIX by PROPHIX Software

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  • Sage 500 ERP by Sage

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  • SAP Business One by SAP

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  • Adagio Accounting Suite by Softrak Systems

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  • Denali Business+Accounting by Cougar Mountain Software

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  • VersAccounts Cloud ERP by VersAccounts

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  • QuickBooks Enterprise Software by Intuit

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  • Business ByDesign by SAP

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  • TRAVERSE by Open Systems

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  • BillQuick by BQE Software

    Flexible, Award-Winning Billing—Choose from 150+ invoice templates that organize your information beautifully. Automate bills to go out on the schedule of your choice to keep cash flow coming in smoothly. * "The Select Items in reports will...

  • Dynamics AX by Microsoft

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  • Dynamics SL by Microsoft

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  • Sage ERP X3 by Sage

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Your Property Management Software Recommendations

Ready to find out which software solutions are best suited for your business? Great! Understanding that you are searching for your property management business gives us a good start. We’ve helped many companies find everything from single modules to full financial management systems. With a bit more information about your unique needs, we’ll narrow down to the choices meeting your specific functional requirements.

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