With increasing globalization, the real estate industry is rapidly crossing borders and has thus become a global industry. The real estate agents and property managers of today handle much larger portfolios than they used to. This has created a demand for sophisticated applications and software solutions so as to ensure convenience to the real estate agents and property managers. The property management software solutions not only help with portfolio management, but they also facilitate investor management, lease tracking, and maintenance management.
There are many software solutions in the market, aimed at property management, among other things. However, the top five real estate property management software solutions are:
Appfolio Property Manager
Appfolio property manager is a popular choice among many real estate agents as it is a cloud-based service. It understands that the agents are always on the go and may need to access portfolios anytime, anywhere. It is a customer-centric organization, and their property management software ranks number one on the list for its ease of use and excellent customer support. Appfolio also provides on-demand training regimens for best utilization of the features of the software.
It also allows the agents to create sophisticated websites for their properties while providing flexible solutions for agents with mixed and diverse portfolios. This real estate software is the complete package for marketing, managing, and growing in the real estate business.
Yardi Voyager
Voyager property management software centralizes various operations such as lease management, maintenance management, property risk damage insurance, tenant screening, and revenue management. It also enables real estate agents to efficiently market their portfolios. It further provides real-time solutions to the agents and property managers, making it one of the most popular real estate softwares. Furthermore, it facilitates accounting operations and automates processes such as move-ins and move-outs. This software is compatible with desktops, laptops, as well as mobile phones. It allows the agents to have access to all their data on the go.
MRI Real Estate Software
MRI real estate software is a flexible and comprehensive solution for property managers. It allows real estate agents to manage different properties, such as residential, commercial, retail, affordable housing, as well as public housing. It also allows management of residents, tenants, and investors. This property management software also lets the users market their properties. This software has features such as facilities management, lease management, and back-office automation.
RealPage
RealPage property management software has been designed to integrate analytics into the real estate business to yield profitable insights. This software offers many unique features such as renters insurance, which not only protects the renters but also the managers against property damage risks. It also allows property managers to receive and make online payments. Furthermore, this real estate software facilitates website development, which allows the agents to effectively market their portfolios.
Buildium Property Management Software
Buildium property management software is a great tool for real estate agents as it not only allows them to manage their listings but also helps with accounting, operations, and leasing. It helps the agents keep track of the expenses while allowing them to accept and make payments. Needless to say, this real estate software seamlessly integrates financial and operational aspects of the industry to ensure convenience to its users. Buildium also provides a free trial period of 15 days to allow the users a glimpse into their features.
This software can be accessed from various devices such as iPads, mobiles, as well as desktops and laptops. Agents can also receive rental applications and run tenant screening through this software. Furthermore, it allows the agents to store the documents on the cloud for better accessibility.
Conclusion
While there may be numerous choices in the market for property management software solutions, these five software packages definitely top the chart. These software solutions not only offer technologically smart and innovative solutions but also offer excellent customer and technical support. However, every business within the real estate industry is different, and thus, it is essential to choose the software that meets the requirements of your business.
About
OHI is a thirteen-year-old real estate services company working with 50+ commercial and residential real estate developers, funds and property management companies across USA. Our deep expertise in real estate accounting, financial analysis, lease administration and asset management has helped clients cut associated costs by 40-50%. We currently provide these services to a portfolio of 75000 units across clients.
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