- Free Version: Available for teams of up to 10
- Pricing: Premium plan $24/seat/month (with free 30-day trial period)
- Platforms supported: Available on mobile app (iOS and Android) or a web-based software
Why use SafetyCulture?
SafetyCulture is a flexible platform that allows property managers to oversee multiple properties at a time. With this platform, managers can use checklists to check their properties and ensure everything’s in check, gather data to find ways to improve operations, and even integrate the platform with existing building or facility software for a seamless workflow. This digital tool is also scalable, allowing managers to adjust the platform according to their business’ growing needs.
Features:
- Conduct inspections and audits of rental properties using digital checklists to ensure that all bases are checked and that proper reports are submitted.
- Manage multiple sites and assets through a singular platform and work with teams and property managers in different locations.
- Allow managers, maintenance teams, and other workers to report issues with rental properties so managers can assign corrective actions sooner.
- Send memos, announcements, and reminders to different teams digitally.
- Integrate the software with existing property management apps for a smoother workflow.
Why use Rent Manager?
Rent Manager is designed to be the singular source of information for rental property managers with multiple properties in their portfolio. It provides them a comprehensive set of features to efficiently handle tasks such as tenant screening, lease management, and financial reporting.
Features:
- Online tenant application
- Automated accounting processes
- Maintenance tracking and work order management
- Free Version: No
- Pricing: Starts at $1/unit/month, minimum $200/monthly
- Platforms supported: Available as a mobile app (iOS and Android) or a web-based software
Why use AppFolio?
AppFolio allows property managers to oversee their properties from an app they can open on their computers or phones. The platform offers advanced features such as online rent payments and marketing tools, making it an ideal choice for landlords and property managers looking to streamline their operations and maximize efficiency.
Features:
- Vacancy tracking
- AI leasing assistant
- Resident, owner, and vendor portals
- Free Version: No
- Pricing: Contact vendor for pricing
- Platforms supported: Available as a mobile app (iOS and Android) or a web-based software
Why use Guesty?
Guesty is designed for property managers that rent out short-term properties like bed and breakfasts, giving them an easier way to track their business. It features such as channel management, automated guest communication, and booking management to streamline operations and maximize bookings and revenue.
Features:
- Multi-property management tools
- Unified inbox for all messages
- Task automation
- Free Version: No
- Pricing: Starts at $16/listing/month, billed annually
- Platforms supported: Available as a mobile app (iOS and Android) or a web-based software
Why use DoorLoop?
DoorLoop is a flexible property management app that works for any type of portfolio, which is why it’s an excellent choice for rental property managers. Various features are tailored for landlords and property managers, offering features such as tenant screening, lease management, and accounting tools to streamline operations and optimize rental property performance.
Features:
- Bank sync and integration
- Website builder for marketing properties
- Payment tracking
- Free Version: No
- Pricing: Starts at $59/month, billed annually
- Platforms supported: Available as a mobile app (iOS and Android) or a web-based software
Why use Rentroom?
Rentroom is great for streamlining various property managerial tasks as the platform has many different automation capabilities that make managing rental properties much more efficient. It’s an ideal choice for landlords as it offers features such as online rent collection, lease management, and tenant communication tools.
Features:
- Document storage and management
- Tenant communication via text and email
- Maintenance ticket logging and recording
- Free Version: No
- Pricing: Starts at $49.99/month
- Platforms supported: Available as a mobile app (iOS and Android) or a web-based software
Why use Propertyware?
Propertware is a management software designed to boost efficiency when managing multiple properties. The platform features marketing tools, online rent collection, and maintenance tracking, making it an ideal choice for landlords and property managers looking to streamline their operations and maximize rental property performance.
Features:
- Scheduled recurring reports
- Leasing call management
- Lead generation and tracking
- Free Version: No
- Pricing: Starts at $1/unit/month, minimum $250/monthly
- Platforms supported: Available as a mobile app (iOS and Android) or a web-based software
Why use Hemlane?
Hemlane offers a comprehensive rental property management solution for landlords who want to maximize their earnings. It comes with features such as tenant screening, lease management, and maintenance tracking, making it an ideal choice for landlords and property managers seeking to streamline their operations and maximize rental property performance.
Features:
- Rental advertisement tools
- Credit and background checks
- Split payment options for different rent situations
- Free Version: Yes
- Pricing: Starts at $30/month, billed annually (with a free 14-day trial period)
- Platforms supported: Available as a web-based software
Why use Buildium?
Buildium is a robust property management platform designed to simplify the accounting complexities of managing rental properties. With its array of features, including financial management, tenant screening, and maintenance tracking, Buildium is an excellent choice for landlords and property managers looking to optimize their operations and enhance efficiency.
Features:
- Templated leasing documents
- Violation tracking
- Property inspection app integrations
- Free Version: No
- Pricing: Starts at $58/month (with a free 14-day trial period)
- Platforms supported: Available as a mobile app (iOS and Android) or a web-based software
Why use Entrata?
Entrata offers a comprehensive property management solution tailored for multifamily properties, student housing, and commercial real estate. With its robust suite of features, including marketing tools, resident portal, and leasing management, Entrata provides a powerful platform for property managers to streamline operations and enhance tenant satisfaction.
Features:
- In-app business consultants
- Utility management tools
- Reputation tracking and dashboard
- Free Version: No
- Pricing: Contact vendor for pricing
- Platforms supported: Available as a mobile app (iOS and Android) or a web-based software
What is Rental Property Management Software?
A rental property management software is a digital solution designed to assist property owners and managers in efficiently handling various tasks associated with rental properties. From tenant management to financial tracking, this software streamlines operations, saving time and effort.
Importance and Benefits
Utilizing rental property management software allows property managers to do their job more effectively and more efficiently. These tools streamline various tasks and even automates some repetitive ones. Here are some of the benefits managers can expect to experience when they adopt this type of software:
- Efficient Team Management – Easily manage tenant details, leases, and communications in one centralized platform.
- Maintenance Tracking – Keep track of maintenance requests and schedules in one place, ensuring timely repairs and tenant satisfaction.
- Improved Communication – Enhance communication with tenants through built-in messaging features, fostering better relationships.
Key Features
It’s important to select rental property management software that comes with the features you need to optimize your business. Each platform comes with a unique feature set tailored for different types of managers. That said, there are still some key features that are essential to these platforms, such as the following:
- Tenant and lease management
- Rent collection and invoicing
- Maintenance tracking
- Work order management
- Financial reporting and analytics
- Integrations with other work and property software
- Communication tools
- Mobile capabilities
Choosing the Right Software
Selecting the right rental property management software is crucial for optimizing your property management processes. But since choosing the best software can be hard, here’s a breakdown of the different options featured above.
| Rental Property Management Software | Free Version | Paid Plan | Mobile App |
| SafetyCulture | Yes | $24/seat/month* | Yes |
| Rent Manager | No | $1/unit/month** | Yes |
| AppFolio | No | Contact vendor for pricing | Yes |
| Guesty | No | $16/listing/month* | Yes |
| DoorLoop | No | $59/month* | Yes |
| Rentroom | No | $49.99/month | Yes |
| Propertyware | No | $1/unit/month** | Yes |
| Hemlane | Yes | $30/month* | No |
| Buildium | No | $58/month | Yes |
| Entrata | No | Contact vendor for pricing | Yes |
* billed annually
** minimum purchase of at least worth $200/month
Leon Altomonte