While everyone envies property owners, it is not easy being one. Managing a property is a huge responsibility and one has to be careful about a host of things. Only those who are sufficiently responsible and diligent, get to enjoy the profits from the property. Same holds true for property managers and firms that manage properties. It is a fairly time-taking task but nowadays, one can share the workload with property management software. The software automates many tasks and lets one streamline the work related to rent collection, tenant verification, property maintenance, and etc. Interestingly, it benefits all the stakeholders and so, here is a list of top five property management software that are going to rule the market in 2019.
1. TenantCloud
Founded in 2014 and based in Austin, Texas, TenantCloud is a cloud-based property management software that was developed by Joe Edgar after he faced many problems in managing his own rental business that he started at the age of 14. So, he came up with a well-rounded property management solution and today, the same solution has reached out to more than 300,000 properties, all over the world, managing them efficiently in 6,000 cities and 40 countries.
The software has been gaining popularity across the globe and has been featured in MSN, The Washington Post, Forbes, Capterra, and many more esteemed publications and platforms. The user base of the software counts into millions and it has everything that makes property management a cakewalk. It is a robust and rocking tool for landlords that is equipped with online payment feature using which one can facilitate payment through debit card, credit card, e-check, and electronic fund transfer. This ensures timely rent, automatic receipts, and faster money.
The end-to-end accounting feature provides for automatic invoicing, late fees, and receipts. What is more, everything is as secure as Fort Knox. One can easily export data and also get quick access to cloud storage receipts. It helps to keep tracks of finances and ensures complete monitoring of every penny spent or received by the business. The customizable agreement template builder lets one create agreements as one wishes, with terms and conditions unique to the needs of the landlord. Same goes for online leases where one can lease the property with multiple tenants that saves the time of tenants and also ensures faster agreement with the property owner.
Speaking of tenants, the software supports feature that helps with tenant verification and ensures only credible people rent the property. One can list one's property at the rental sites too and receive applications online. What is more, one can chat and share files with tenants. The latter can upload move in and move out pictures, share their feedback and communicate with the landlord always and anytime, which makes for better landlord-tenant relationship. The best part is that as a landlord, one can generate reports about the performance of the property and analyze it on different parameters to gauge profitability and other variables.
Moving ahead, TenantCloud also comes with maintenance request feature using which one can assign work to service professionals such as plumbers, carpenters, pest control, and the like. One gets reminders and notifications about the important tasks on time and can administer every property detail from a single interface, which, is super simple to use. Most importantly, the dashboard is completely customizable and one can organize the widgets as one likes.
The software is flexible and integrates with other apps without any ado. Therefore, allying with TenantCloud means allying with ease and efficiency. The team of strategists, designers, and technologists works closely with the client and gives them befitting advice suited to their requirements. The customer support is open 24/7 and every issue is resolved at the earliest. Though suited for all types of property management, it best serves small number of units and DIY landlords.
There are three pricing packages to choose from and it includes the basic package where one does not pay a single penny but gets to open one admin account and manage 75 units for free. The standard package, priced at $9 per month, allows unlimited online payments with no transaction fees, three admin accounts and management of 150 units while the advanced package, priced at $35 per month, allows five accounts and management of 500 units.
Thus, if one is looking for affordable and smart property management software to ensure best management of one's property, then TenantCloud is the best option.
2. Buildium
Founded in 2004 and headquartered in Boston, Massachusetts, Buildium is a well-known property management software with over 15,000 customers in 46 countries. It is the brainchild of Michael Monteiro and Dimitris Georgakopoulos who developed the software after the duo realized the huge amount of time they wasted in spreadsheets. So, they created Buildium — a smart yet simple property management solution that would give the control in the hands of the property owner or manager and let them keep tabs on property details and tenants from an easy-to-use dashboard.
It offers a complete set of tools that facilitate accounting, communication, reports analysis, and much more. Once the software is installed, one can administer the property, tracking everything from tenant application to property insurance, sitting anywhere in the world. Being responsive, it loads on all devices and privacy is ensured on all platforms. It saves time, efforts, and money, letting one work on the core and at the same time, stay ahead of the curve. Ease of use is the USP of Buildium and thus, if anyone is looking for a simple solution that would also deliver the results, then Buildium is the way to go. It offers monthly subscription backed by full customer support. The best part is that one can try the free trial before taking things forward.
3. AppFolio
Founded in 2006 and headquartered in Santa Barbara, California, AppFolio is a modern property management software that was developed by Klaus Schauser and Jon Walker with the mission to revolutionize the growth story of small and medium-sized property businesses.
Over the years, it has evolved into an innovative solution that gives property owners the most efficient system to monitor and manage their properties. Suited for residential, commercial, student, community, and all types of housing properties, it has all the necessary features needed to administer properties on the go. It offers best mobile functionality, enabling one to keep track of every business detail and thus, helps take decisions in real time.
The flexible reporting feature can be easily customized to go with one's portfolio and one gets complete access to the performance of the properties. With AppFolio powering the operations, it becomes a cakewalk to solicit tenants, automate tasks of routine nature, and get informative details about the operations. All this translates into reduced costs, increased revenue and enhanced profits. So, if one wants a powerful property management solution that would lead to instant increment in performance while being efficient enough to evolve with the changing business environment, then AppFolio is the best choice.
4. Propertyware
Founded in 2001 and headquartered in Richardson, Texas, Propertyware was started with the mission to arm online rental property businesses with simple and sound tools that would drive more profits to the business. This one of a kind cloud solution is geared to get the client more business and paves the way for a smooth management system that functions from a single platform.
One gets A to Z support for marketing, accounting, property maintenance, payments, asset protection, tenant screening, and much more. Suited for single-family and low-density rental units, it allows customization and one can tailor the setup to match the business needs and goals. One gets timely notifications about routine tasks, actionable reports with scores, and insights about the performance. This helps to make adequate changes and one can improve the business performance consistently. So, signing up for Propertyware translates into better performance and increased profits at every stage.
It covers every property management detail with accuracy and nothing is left out. Secure, smart and sensible, it is sure to breathe efficiency into the business. Therefore, if one wants a comprehensive and efficient property management that would set the business on the path of growth, then Propertyware ticks all the right boxes.
5. Housters
Last but surely not least, Housters Property Management software provides easy, intuitive rental software to all landlords, property managers, tenants, and contractors. Housters can be accessed from their website or from their Android and iOS mobile applications, available on the Google Play Store and the iOS App Store -- ensuring its broad reach for all businesses and rental properties alike. Everything on the website and the mobile app is cloud-synced so you won't have trouble accessing your rental data from all of your gadgets!
Housters doesn't just track tenant rent statuses, it's meant to be a complete end to end solution for operating your rental properties. It handles receiving online rent payments from tenants, sending online payments to contractors, invoicing, accounting, task management, tenant maintenance requests, tenant background checks, and even reporting. Housters also assures its quality compared to other software management apps with its ability to be used as a platform for all landlords, property managers, tenants, and contractors for them to be able to invoice each other, send online payments, share to-do lists, and more.
So, if you're looking for a robust system that you can trust to meet all of your rental needs, Housters Property Management software can give you what you wish for in a simple tap.
* This is a contributed article and this content does not necessarily represent the views of techtimes.com
