A Comprehensive Review of the Best 5 Property Management Software

Navigating the vast sea of property management software options can feel daunting even for the most experienced property managers and owners. It’s a critical business decision with the potential to streamline operations, improve tenant interactions, and, ultimately, boost your bottom line.

Today, we are here to help you steer clear of choppy waters by presenting an authoritative review of the best 5 property management software on the market.

Unveiling the Best 5 Property Management Software

Before we delve deeper into each of these industry-leading solutions, let’s clarify the essence of this review. The landscape of property management software is diverse and evolving. Our goal is to distil this complexity into actionable insights that you can use to make the right software choice for your specific needs.

Now, without further ado, let’s explore Appfolio, Yardi Breeze, Buildium, Tenant Cloud, and SimplifyEm – the best 5 property management software.

1. Appfolio

 Overview

Navigating the crowded field of property management software can be challenging. However, Appfolio stands out as a leading property management software, earning a position among the best 5 property management software platforms.

Built for property managers, owners, and real estate professionals, this robust solution makes overseeing a wide range of residential and commercial properties more manageable. Its cloud-based system caters to various property types, including rental properties, community associations, and student housing, offering a comprehensive solution for property management.

 Designed to simplify property management, Appfolio is laden with advanced features that support every aspect of property management. Its vast assortment of tools offers a one-stop solution for property managers to streamline their operations, whether they manage just a few properties or an extensive portfolio. This software effectively manages maintenance requests and rent collection and offers a platform for screening tenants, ensuring that your property attracts and retains the most suitable occupants.

 Key Benefits

* Tenant Screening: With Appfolio, property managers can make informed decisions about prospective tenants. Its tenant screening tools allow for a thorough evaluation of prospective tenants, enhancing the tenant selection process.

* Efficient Rent Collection: The software simplifies the rent collection process by enabling tenants to make online rent payments, reducing the burden on property managers and owners.

* Maintenance Management: Appfolio’s tracking and management of maintenance requests allow for a swift response to tenant needs, enhancing tenant satisfaction.

* Financial Management: From managing rent payments to overseeing bank accounts, Appfolio assists property managers in managing the financial aspects of their property management companies with ease.

* Marketing: Appfolio’s advanced marketing features help property managers effectively showcase their properties to potential tenants.

 Pricing

The pricing for AppFolio Property Manager is based on the number of units you manage, with a minimum monthly fee of $280.

There are two pricing plans available:

• Core: This plan is designed for small to mid-size portfolios and starts at $1.40 per monthly unit. It includes online applications, accounting and reporting, resident and owner management, online maintenance, and a fully mobile experience.
• Plus: This plan is designed for portfolios managing 1,000+ units and starts at $3.00 per monthly unit. It includes the Core plan’s features, workflow management, performance insights, AppFolio Stack™ Premium Integrations, data export API, Microsoft® Excel® Report Connection, affordable housing management, and an elevated service experience.

Discounts are available for annual billing.

For example, if you manage a portfolio of 100 units, you would pay $140 per month for the Core plan or $300 per month for the Plus plan.

AppFolio Property Manager offers a free trial to try the software before committing to a paid plan.

Here are some of the benefits of using AppFolio Property Manager:

• A wide range of features: AppFolio Property Manager offers a wide range of features to help property managers streamline their operations. These features include online applications, accounting and reporting, resident and owner management, online maintenance, and a fully mobile experience.
• Cloud-based: AppFolio Property Manager is a cloud-based software, which means you can access it from anywhere. This is a great benefit for property managers who need to be able to access their data from multiple locations.
• Secure: AppFolio Property Manager is a secure software that uses bank-grade security to protect your data.
• Scalable: AppFolio Property Manager is a scalable software that can grow with your business. This means you can start with a small plan and then upgrade as your needs grow.

Overall, AppFolio Property Manager is a comprehensive and affordable property management software that offers a wide range of features to help property managers streamline their operations.

 Pros & Cons

Pros:

* Comprehensive All-In-One Solution: Appfolio’s suite of advanced tools provides a complete solution to property managers. From tenant screening to rent collection to investment management reports, Appfolio handles all aspects of property management, reducing the need for other property management software.

* Versatility: Appfolio suits various properties, including residential, commercial, community associations, and student housing. This versatility makes it a great choice for those managing diverse property portfolios.

* Maintenance Management: The software shines when handling maintenance requests, making it easy for property owners and managers to maintain their properties.

Cons:

* Cost: The minimum monthly fee may prove prohibitive for those managing only a few properties. However, the software’s breadth of functionalities provides value for money for those with larger property portfolios.

* Complexity: While the array of features offered by Appfolio is a plus, it may prove overwhelming for those new to property management software. However, with some practice, users can quickly navigate and utilize the various tools available.

In conclusion, Appfolio is a powerful player in the property management software market, offering a comprehensive suite of tools for property managers and owners. Its robust features, versatility and ease of use make it a worthy investment for any serious property manager or owner. If you’re searching for robust and reliable property management software, Appfolio should be at the top of your list.#

Click here to see why Appfolio can help you manage your property portfolio more effectively.

 2. Yardi Breeze

Overview

Among the best 5 property management software in the market, Yardi Breeze has established its reputation as a top-tier solution for real estate firms for both residential and commercial properties. As an online property management software, it caters to real estate professionals, property managers, and property owners, providing an integrated platform to manage various properties, including rental properties, community associations, and commercial properties.

Yardi Breeze offers a comprehensive suite of rental property management software services, streamlining tasks such as rent collection, tenant screening, and handling maintenance requests. One of its many rental property management software tools includes features for property marketing, making it easier for property managers to attract prospective tenants.

It also stands out in rental property management software, offering more advanced features, that make managing rental properties smooth and efficient.

Key Benefits

* Tenant Management: Yardi Breeze offers robust tenant screening tools, aiding property managers to screen tenants effectively and mitigate potential risks.

* Efficient Rent Collection: Yardi Breeze allows tenants to make online rent payments, simplifying the rent collection process and ensuring timely payments.

* Maintenance Management: The software offers a platform to track and manage maintenance requests efficiently, improving the property maintenance process.

* User-Friendly Interface: One of the key features of Yardi Breeze is its intuitive and easy-to-navigate interface, which allows even those new to property management software to use it effectively.

 * Marketing Tools: The software’s marketing tools can help property managers attract potential tenants and showcase their properties to a wider audience.

Pricing

The pricing for Yardi Breeze is based on the number of units you manage, with a minimum monthly fee of $100.

There are two pricing plans available:

• Breeze: This plan is designed for small to mid-size portfolios and starts at $1.00 per unit per month. It includes online applications, accounting and reporting, resident and owner management, online maintenance, and a fully mobile experience.
• Breeze Premier: This plan is designed for portfolios managing 500+ units and starts at $2.00 per unit per month. It includes the Breeze plan’s features, workflow management, performance insights, Yardi Breeze Premier Integrations, data export API, Microsoft® Excel® Report Connection, and an elevated service experience.

Discounts are available for annual billing.

For example, if you manage a portfolio of 100 units, you would pay $100 per month for the Breeze plan or $200 per month for the Breeze Premier plan.

Yardi Breeze also offers a free trial to try the software before committing to a paid plan.

Here are some of the benefits of using Yardi Breeze:

• Simple and affordable: Yardi Breeze is a simple and affordable way to manage your properties. The pricing is based on the number of units you manage, so you only pay for what you use.
• Cloud-based: Yardi Breeze is a cloud-based software that allows you to access it from anywhere. This is a great benefit for property managers who need to be able to access their data from multiple locations.
• Secure: Yardi Breeze is a secure software that uses bank-grade security to protect your data.
• Scalable: Yardi Breeze is a scalable software that can grow with your business. This means you can start with a small plan and then upgrade as your needs grow.

Overall, Yardi Breeze is a comprehensive and affordable property management software that offers a simple and easy way to manage your properties.

Pros & Cons

Pros:

* Comprehensive All-in-One Solution: Yardi Breeze provides extensive property management tools, making it a leading property management software company. It caters to all aspects of property management, reducing the need for additional software solutions.

* Versatility: Yardi Breeze can manage various properties, including residential, commercial, and community associations. This versatility makes it ideal for property managers overseeing a diverse portfolio.

* Maintenance Management: With Yardi Breeze, handling maintenance requests becomes easier, allowing property managers to address tenant issues swiftly and efficiently.

Cons:

* Cost: While the range of premium features justifies the price, the minimum monthly fee might be somewhat steep for those managing only a few properties.

* Limited Customization: Some users have reported that the software offers limited options for customization. However, its comprehensive suite of features generally compensates for this.

In conclusion, Yardi Breeze is a dynamic property management software solution that provides many tools to simplify property management. It’s versatility and comprehensive features make it a top choice among the best property management tools and software platforms. Whether you are a seasoned property manager or just starting with a few properties, Yardi Breeze can offer the support you need to manage your properties effectively.

Click here to learn about the features that make Yardi Breeze one of the best 5 property management software.

 3. Buildium

Overview

When discussing the best 5 property management software solutions available today, it’s hard not to include Buildium. Buildium is an exceptional online property management software designed primarily for property managers and real estate professionals. It caters to both residential properties and commercial properties, making it a versatile solution in the realm of property management software platforms.

Buildium’s cloud-based software focuses on all aspects of rental property management, from tenant screening to maintenance requests, rent collection, and managing finances. This all-encompassing approach to rental property management makes it a good property management software option for those managing a rental property business, community associations, or even a few properties.

Key Benefits

* Comprehensive Tenant Management: With robust tenant screening capabilities, Buildium makes it easy for property managers to both screen tenants and prospective tenants, handle tenant management, and even manage online rent payments.

* Maintenance Management: Handling maintenance requests is made simple with Buildium. Its system allows easy tracking and management of all the submitted maintenance requests and issues, providing a swift resolution process.

* Financial Management: One of the standout features of Buildium is its ability to also manage properties’ bank accounts, finances, and rent collection, making it a great tool for financial oversight in the property management process.

* Communication: Buildium offers owner and tenant portals for easy communication, making the software an excellent bridge between property managers, commercial property managers, owners, and tenants.

* Regulatory Compliance: Buildium offers state-specific lease agreements and other legal document templates, helping property managers maintain compliance with varying local and state laws.

Pricing

The pricing for Buildium is based on the number of units you manage, with a minimum monthly fee of $52.

There are three pricing plans available:

• Essential: This plan is designed for small to mid-size portfolios and starts at $52 monthly. It includes online applications, accounting and reporting, resident and owner management, online maintenance, and a fully mobile experience.
• Growth: This plan is designed for portfolios managing 1,000+ units, starting at $166 monthly. It includes the Essential plan’s features, workflow management, performance insights, Buildium Connect™ Integrations, data export API, Microsoft® Excel® Report Connection, and an elevated service experience.
• Premium: This plan is designed for portfolios managing 5,000+ units and starts at $479 monthly. It includes all of the Growth plan’s features, advanced workflow management, custom reporting, data migration assistance, and a dedicated account manager.

Discounts are available for annual billing.

For example, if you manage a portfolio of 100 units, you would pay $52 per month for the Essential plan, $166 per month for the Growth plan, or $479 per month for the Premium plan.

Buildium also offers a free trial to try the software before committing to a paid plan.

Here are some of the benefits of using Buildium:

• A wide range of features: Buildium offers a wide range of features to help property managers streamline their operations. These features include online applications, accounting and reporting, resident and owner management, online maintenance, and a fully mobile experience.
• Cloud-based: Buildium is a cloud-based software that allows you to access it from anywhere. This is a great benefit for property managers who need to be able to access their data from multiple locations.
• Secure: Buildium is a secure software that uses bank-grade security to protect your data.
• Scalable: Buildium is a scalable software that can grow with your business. This means you can start with a small plan and then upgrade as your needs grow.

Overall, Buildium is a comprehensive and affordable property management software offering many features to help property managers streamline their operations.

Here are some additional details about Buildium pricing:

• There is a $100 minimum monthly fee for all plans.
• There is a 1% transaction fee for credit card payments.
• There is a $99 setup fee for each bank account you connect to Buildium.
• There are discounts available for annual billing.

Pros & Cons

Pros:

* Comprehensive Solution: Buildium covers many property management software needs with its comprehensive suite of tools. These tools make it a leading property management software option for property managers looking to simplify their operations.

 * Accessibility: As a cloud-based software, Buildium allows property managers and owners to access their accounts anytime, anywhere, adding an element of convenience to property management.

* Tenant Screening: With strong tenant screening capabilities, Buildium reduces the risk of problematic tenants, helping property managers maintain a positive and productive tenant base.

Cons:

* Pricing: The minimum monthly fee can be a barrier for managers of fewer properties, as it might not be cost-effective for smaller portfolios.

* Learning Curve: While Buildium offers many advanced features, new users may need time to navigate and fully utilize all the available tools.

To sum up, Buildium is a strong contender in the commercial property management software market, offering many tools to support most property management software companies in their daily operations. Whether you’re managing residential or commercial properties, Buildium provides a reliable, efficient, and versatile solution to meet your needs.

Click here to learn more about Buildium, the cloud-based property management software that can help you streamline your operations from anywhere.

 4. TenantCloud

Overview

Among the best 5 property management software, TenantCloud is a popular solution for property managers, real estate professionals, and property owners. What sets TenantCloud apart is its flexible, all-in-one platform that serves residential properties, commercial properties, rental applications, and everything in between, streamlining the property management process.

As an online property management software, TenantCloud provides an extensive array of tools for rental property management. From handling maintenance requests to tenant screening, managing finances, and collecting rent online, TenantCloud simplifies the everyday tasks that property managers face, positioning it as a leading property management software in today’s market for affordable housing.

Key Benefits

* Seamless Rent Collection: TenantCloud’s system enables property managers to automate rent collection, reducing manual effort and minimizing potential errors.

* Maintenance Management: The software offers a unique platform to track and manage maintenance requests effectively, ensuring no requests get lost.

* Efficient Tenant Screening: TenantCloud includes comprehensive tenant screening tools rental applications that assist in selecting reliable and compatible tenants for your rental properties.

 * Comprehensive Financial Tools: Manage finances, keep track of income and expenses, and even manage bank accounts with TenantCloud’s robust financial management tools.

* Interactive Communication Portals: TenantCloud provides owner and tenant portals, ensuring efficient communication and ease of access for all parties involved in the property management process.

Pricing

The pricing for TenantCloud is based on the number of units you manage, with a free plan available for up to 5 units.

There are two pricing plans available:

• Starter: This plan is designed for small portfolios and starts at $15 monthly. It includes online applications, accounting and reporting, resident and owner management, online maintenance, and a fully mobile experience.
• Growth: This plan is designed for portfolios managing 100+ units and starts at $40 per month. It includes all the features in the Starter plan, workflow management, performance insights, TenantCloud Connect™ Integrations, data export API, Microsoft® Excel® Report Connection, and an elevated service experience.

Discounts are available for annual billing.

For example, if you manage a portfolio of 50 units, you would pay $15 per month for the Starter plan or $40 per month for the Growth plan.

TenantCloud also offers a free trial to try the software before committing to a paid plan.

Here are some of the benefits of using TenantCloud:

• Affordable: TenantCloud is an affordable property management software that offers a wide range of features.
• Cloud-based: TenantCloud is a cloud-based software, which means you can access it from anywhere. This is a great benefit for property managers who need to be able to access their data from multiple locations.
• Secure: TenantCloud is a secure software that uses bank-grade security to protect your data.
• Scalable: TenantCloud is a scalable software that can grow with your business. This means you can start with a small plan and then upgrade as your needs grow.

TenantCloud is a comprehensive and affordable property management software offering many features to help property managers streamline their operations.

Here are some additional details about TenantCloud pricing:

• There is a free plan available for up to 5 units.
• There is a $10 setup fee for each property you add to TenantCloud.
• There are discounts available for annual billing.

Pros & Cons

Pros:

* User-friendly Interface: TenantCloud boasts a user-friendly interface that simplifies navigation and makes it easier for new users to get up to speed quickly.

* Value for Money: With its freemium model, TenantCloud provides significant value for property managers, especially those managing a few properties.

* Robust Tools: TenantCloud offers a comprehensive suite of tools to manage various aspects of the property management process, from rent manager to tenant management to rent manager to maintenance management.

Cons:

* Limited Customization: Some users may find the software lacking customizable reports and forms.

* Customer Support: While TenantCloud offers a rich array of premium features here, some users have reported challenges with the timeliness of their customer support.

Overall, TenantCloud is a solid choice for property management software, offering a wealth of key features designed to make property management more manageable. With its tenant screening, maintenance request tracking, online payments, and rent collection features, TenantCloud is a comprehensive, free property management software solution that fits many needs. Whether you’re a seasoned property manager or a real estate professional, start with a few properties.

Click here to learn about the features that make TenantCloud one of the best 5 property management software.

 5. SimplifyEm

Overview

Property management software is complex, yet SimplifyEm lives up to its name by offering an easy-to-use interface and straightforward tools. This platform, ranked among the best 5 property management software, aims to make life easier for property managers and real estate professionals.

As an online property management software, SimplifyEm has established itself as a viable choice for those managing residential and commercial properties. The software stands out with its ability to collect rent through online payments, manage maintenance requests, and screen tenants, reducing the workload for property managers.

SimplifyEm’s software solutions cover many property management needs, making it a leading property management software choice for new and seasoned property managers. With a cloud-based software approach, SimplifyEm allows property managers to access their portfolios from anywhere, making property management a breeze.

 Key Benefits

* Comprehensive Tenant Screening: SimplifyEm’s advanced features provide a rigorous tenant screening process, helping to ensure only the best prospective tenants are chosen.

* Efficient Rent Collection: The platform allows property managers to collect rent online, simplifying the collect rent collection process and ensuring timely payments for market properties.

* Maintenance Request Management: SimplifyEm’s new property management software tools enable users to easily handle and track maintenance requests, ensuring nothing falls through the cracks.

* Robust Financial Management: With SimplifyEm, property managers can manage finances, including tracking income, and expenses, and managing bank accounts.

 Pricing

The pricing for SimplifyEm is based on the number of units you manage, with a free plan available for up to 10 units.

There are three pricing plans available:

• P10: This plan is designed for small portfolios and starts at $25 monthly. It includes online applications, accounting and reporting, resident and owner management, online maintenance, and a fully mobile experience.
• P20: This plan is designed for portfolios managing 100+ units and starts at $50 per month. It includes all of the features in the P10 plan, plus workflow management, performance insights, SimplifyEm Connect™ Integrations, data export API, Microsoft® Excel® Report Connection, and an elevated service experience.
• P30: This plan is designed for portfolios managing 500+ units and starts at $100 per month. It includes all of the features in the P20 plan, plus advanced workflow management, custom reporting, data migration assistance, and a dedicated account manager.

Discounts are available for annual billing.

For example, if you manage a portfolio of 50 units, you would pay $25 per month for the P10 plan, $50 per month for the P20 plan, or $100 per month for the P30 plan.

SimplifyEm also offers a free trial to try the software before committing to a paid plan.

Here are some of the benefits of using SimplifyEm:

• Simple and affordable: SimplifyEm is a simple property management software offering many features.
• Cloud-based: SimplifyEm is a cloud-based software, which means you can access it from anywhere. This is a great benefit for property managers who need to be able to access their data from multiple locations.
• Secure: SimplifyEm is a secure software that uses bank-grade security to protect your data.
• Scalable: SimplifyEm is a scalable software that can grow with your business. This means you can start with a small plan and then upgrade as your needs grow.

Overall, SimplifyEm is a comprehensive and affordable property management software offering many features to help property managers streamline their operations.

Here are some additional details about SimplifyEm pricing:

• There is a free plan available for up to 10 units.
• There is a $25 setup fee for each property you add to SimplifyEm.
• There are discounts available for annual billing.

 Pros & Cons

 Pros:

* User-Friendly Interface: One of the key features of SimplifyEm is its intuitive, easy-to-use interface. Even new property managers will find it easy to navigate.

* Versatile: Whether you’re managing residential properties, managing commercial properties yourself, or a mix of both, SimplifyEm has the tools you need.

* Robust Tenant Screening: SimplifyEm offers one of the best tenant screening tools, reducing the risk of problematic tenancies.

 Cons:

* Limited Customization: Some users have reported a lack of customization options, particularly for reports.

* Customer Support: Some users have reported delays in response times from customer support, which may be a drawback for property managers who need immediate assistance.

SimplifyEm offers property managers and real estate professionals a robust, user-friendly solution. Its comprehensive suite of tools is ideal for managing residential and commercial properties, and its tenant screening and maintenance management tools are particularly impressive. Despite a few drawbacks, SimplifyEm ranks among the best property management software today.

Click here to learn about the features that make SimplifyEm one of the best 5 property management software for small businesses.

Conclusion

The best 5 property management software for you will depend on your specific needs and requirements. However, the 5 software mentioned above are all great options and offer many additional features.

• Appfolio: Appfolio is a comprehensive property management software that offers a wide range of features, including online applications, accounting and reporting, resident and owner management, online maintenance, and a fully mobile experience.
• Yardi Breeze: Yardi Breeze is a simple and affordable property management software that offers a cloud-based solution with a wide range of features.
• Buildium: Buildium is a cloud-based property management software that offers a wide range of features, including online applications, accounting and reporting, resident and owner management, online maintenance, and a fully mobile experience.
• TenantCloud: TenantCloud is an affordable property management software that offers a wide range of features, including online applications, accounting and reporting, resident and owner management, online maintenance, and a fully mobile experience.
• SimplifyEm: SimplifyEm is a simple and affordable property management software offering a cloud-based solution with many features.

Here are some additional factors to consider when choosing property management software:

• The size of your property portfolio: If you manage a large portfolio, you will need software to handle the volume of data and transactions.
• Your budget: Property management software can range in price from a few hundred dollars to several thousand dollars per year.
• Your specific needs: Some software is designed for specific types of properties, such as single-family homes or apartment buildings.

I hope this helps you choose the best property management software for your needs!