5 Best Property Management Software for 2022

Property management involves keeping track of many things at once. And as your portfolio grows, more and more admin gets involved in your daily life. That’s why finding the best property management software is necessary, as it can make your work a whole lot easier.

There are many different options available, which is why you need all the information available to choose the right tool. We’ve reviewed ten of the best ones today to simplify your decision-making.

Keep reading.

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Top Property Management Software Companies in 2022

1. Buildium

As a property manager, Buildium streamlines every process involved in your business. This includes everything from leasing and accounting to tenant management. Buildium works alongside listing partners such as Zillow, Trulia, etc. Full Review

  • Helps manage tenant relationships from start to finish
  • Can operate software from anywhere at any time, on any device
  • Access to Buildium's free marketing website
From $50.00/month
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As a property manager, Buildium streamlines every process involved in your business. This includes everything from leasing and accounting to tenant management. Buildium works alongside listing partners such as Zillow, Trulia, etc. Full Review

2. RentRedi

As a landlord, you'll find RentRedi the best rental property software for managing every aspect of your relationship with your tenant. From listing properties and screening potential tenants to creating reports on your properties, RentRedi streamlines your business in the most efficient way possible. Full Review

  • Excellent customer service, seven days a week
  • Unlimited number of listings, tenants, and teammates
  • Simple and effective payment methods
From $9.00/month/pa
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As a landlord, you'll find RentRedi the best rental property software for managing every aspect of your relationship with your tenant. From listing properties and screening potential tenants to creating reports on your properties, RentRedi streamlines your business in the most efficient way possible. Full Review

3. Mashvisor

Mashvisor helps people looking to invest in real estate find the best possible investment for them. It helps them locate profitable rentals to purchase in real-time, providing information on the area, the property, and potential profits. Full Review

  • Great for long-distance property investors
  • Analyzes potential property investment outcomes
  • For both long-term and short-term rentals
From $17.99/month
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Mashvisor helps people looking to invest in real estate find the best possible investment for them. It helps them locate profitable rentals to purchase in real-time, providing information on the area, the property, and potential profits. Full Review

4. TenantCloud

The free version of TenantCloud offers simple management tools and is excellent for landlords managing less than 75 units. However, to get the most out of this management software, you have to choose some of the paid plans. They offer a lot more when it comes to managing properties from end to end. Full Review

  • Free version available
  • Allows you to create a free custom website to market vacancies
  • Easy to navigate dashboard
From $0.00/month
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The free version of TenantCloud offers simple management tools and is excellent for landlords managing less than 75 units. However, to get the most out of this management software, you have to choose some of the paid plans. They offer a lot more when it comes to managing properties from end to end. Full Review

5. Rentec Direct

Rentec Direct is one of the best property management programs for landlords and property managers. It fully automates almost every essential process so that you can manage everything without any hassle. It's fully streamlined and easy to use. Full Review

  • Customer service and training based in the US
  • Fully automates management processes
  • Top-rated customer service
From $35.00/month
Try Now

Rentec Direct is one of the best property management programs for landlords and property managers. It fully automates almost every essential process so that you can manage everything without any hassle. It's fully streamlined and easy to use. Full Review

Top Six Property Management Software Reviews

Buildium

Buildium

Buildium

MOST SUITED FOR

All-inclusive property management

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  • Rating: 10
  • Type: Cloud-based
  • Free trial: 14-day free trial
  • Pricing: From $50.00/month
  • Customer reviews: Above average
  • Customer support: Via phone and support ticket

Buildium Pricing

Buildium is our top choice for the best cloud property management software this year, mainly due to its ability to handle virtually every aspect of your business.

It streamlines each process so you can deal with any issues at the click of a mouse. Moreover, you can use it anywhere on any device.

It also gives you access to a free marketing website, which can help you advertise any properties available for rent. Additionally, you can purchase new client leads on all plans, which is powered by All Property Management.

The level of tenant screening you have access to primarily depends on the plan. Essential offers only a basic level, while Growth and Premium give you access to premium screening.

Buildium is a top property management software that offers affordable yet high-quality solutions. You can draw up eSignature at $5 per lease on Essential and unlimited on Growth and Premium.

Online payments are charged differently (according to your plan), while incoming EFT fees are waived on the Growth and Premium plans.

The Essential plan will cost you $99.00 per bank account. Conversely, Growth and Premium are free, with each new account costing $99.

What also places Buildium among the best rental management software on the market is the free standard reporting and ticket support. With Growth and Premium, you get performance analytics and insights and live phone support.

On Premium, you get free business analytics and insights, open API, Buildium rewards, priority support, and a dedicated growth consultant to help you with new leads.

Pros Cons
Manages tenant relationships from start to finish Difficult to add tenants mid-lease
Operate from anywhere
Free marketing website
RentRedi

RentRedi

RentRedi

MOST SUITED FOR

Small to medium landlords

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  • Rating: 9.9
  • Type: Web-based
  • Free trial: No free trial
  • Pricing plans: From $9.00/month/pa
  • Customer reviews: Excellent
  • Customer support: Via phone and email

RentRedi Pricing

RentRedi is another excellent choice of property management software.

It’s likely the best landlord software for managing your entire relationship with renters, from start to finish. Namely, it helps you find tenants through websites like Doorsteps, HotPads, Zillow, Trulia, etc.

Moreover, it‘ll help you screen potential tenants and choose the best ones to rent your property. After that, you’ll have access to features related to e-leases, maintenance, and rent collection.

RentRedi is also perfect for landlords after simplicity as it essentially has only one plan. But, you can choose how you want to pay—monthly, annually, or every six months.

No matter which option you choose, you get excellent 24/7 customer service with your RentRedi subscription. The company consists of dedicated professionals ready to help you with all aspects of their software.

This professional property management software also gets you free listings on popular rental websites, the ability to track and manage applicants, streamlined communication through the app with tenants and your team, lease management, simple and effective payment methods, etc.

Most importantly, RentRedi doesn’t limit your number of listings, tenants, teammates, or properties.

Pros Cons
Excellent customer service Not for short-term rentals
Unlimited number of listings
Simple payment methods
Mashvisor

Mashvisor

Mashvisor

MOST SUITED FOR

Purchasing investment properties

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  • Rating: 9.9
  • Type: Web-based
  • Free trial: 7-day free trial
  • Pricing: From $17.99/month
  • Customer reviews: Above average
  • Customer support: Via live chat, email, phone, and Twitter

Mashvisor Pricing

Whether you’re an established real-estate investor or an amateur looking to invest in rental properties, Mashvisor offers you a way to make smarter decisions based on real-time information and analyses.

The tools this software provides are extensive and give you insights that can help you turn over a profit, whether you’re focusing on long- or short-term rentals.

If you choose the Lite plan, this real estate management software can help you estimate potential earnings from long-term and short-term Airbnb rentals.

It’ll also give you information on rates you can charge on specific properties in different areas and provide you with real-time machine learning data.

Therefore, Mashvisor is also a strong contender for the best residential property management software with machine learning functionalities.

The Standard plan offers you the benefits of Lite and helps you find the properties and markets with the highest profit margins. This allows you to view the difference in long- and short-term rental rates and the ability to export 20 monthly searches.

Finally, the Professional plan gives you all the above benefits, as well as additional features that help you find foreclosure and multi-family properties to invest in. You’ll also be able to export 40 additional searches per month.

Pros Cons
Great for long-distance property investors Not for active management 
Analyzes property investment outcomes
For both long- and short-term rentals
TenantCloud

TenantCloud

TenantCloud

MOST SUITED FOR

Small Landlords

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  • Rating: 9.7
  • Type: Cloud-based
  • Free version: Forever
  • Pricing: From $0.00/month
  • Customer reviews: Above average
  • Customer support: Via phone and help center

TenantCloud pricing

TenantCloud is the best free property management software that gives you all the basic services for free forever. It’s a cloud-based tool that helps landlords manage their properties and tenants through an integrative dashboard that’s super easy to navigate.

The free version doesn’t offer nearly as much functionality as other plans, but if you’re a landlord with only a few properties, it could help you immensely.

You get to manage an unlimited number of properties and units and 512 MB of file storage with a single admin account. You also get one free template to use, which makes it the best property management software for small landlords.

TenantCloud delivers all the information you need right at your fingertips. The Starter plan lets you manage an unlimited number of properties and units with a single admin account, and you also get 30 GB of file storage. Additionally, you get 10 templates.

You also get leads on renters, online payment tools, Google calendar sync, e-signature option, and leads on CRM.

The Growth plan lets you manage an unlimited number of properties and units with 25 GB of storage and grants you a whopping 30 templates instead of 10.

The Business plan gives you the most options and can be used as an effective commercial property management software. You can manage an unlimited number of properties and units with 100 GB of file storage. Additionally, you get unlimited templates.

In essence, you get all the benefits of the Standard plan, as well as QuickBooks sync, a property message board, and priority support.

Pros Cons
Free version available The free version has limited functionality
Free custom website
Easy to navigate
Rentec Direct

Rentec Direct

Rentec Direct

MOST SUITED FOR

Automating management processes

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  • Rating: 9.6
  • Type: Web-based
  • Free version: Two weeks
  • Pricing: From $35.00/month
  • Customer reviews: Above average
  • Customer support: Via email, phone, and live chat

Rentec Direct Pricing

Rentec Direct is our choice for the best webbased property management software that can automate most of the processes needed in the daily operation of your business.

This web-based software is meant to grow with your business and is fully scalable, so you’ll easily be able to increase the number of units you manage.

Besides accounting and financial reporting tools, you also get a custom website along with hosting. You’ll be able to track every transaction, deal with applications, sign leases and legal documents with electronic signatures, etc.

Rentec Direct comes in two plans. The first is for landlords and the second for property managers.

With Rentec Pro for landlords, you’ll get a mobile app specifically for tenants, help with screening potential tenants, tools to aid you in marketing your properties, and tools to track expenses and income.

Property management software reviews suggest that the Rentec Property Manager plan’s key features include full accounting, online payment features for rent payers, and a mobile app designed for renters.

Just like with the Rentec Pro for landlords, you’ll also get help with screening tenants, marketing tools, and programs for tracking expenses and income. However, if you need more in-depth screening, it’s best to take full background check services.

Pros Cons
US-based customer service It can become quite expensive
Fully automates management
Top-rated customer service

How to Make a Comparison of Property Management Software Options

There are many different property management tools on the market, so deciding which one to invest your time and money in can get challenging.

That’s why we’ve come up with a buying guide that’ll help you compare the options and choose the one that best suits your needs.

Let’s take a look at the factors to bear in mind while browsing.

Is it cloud- or web-based?

When shopping for the best software for property management, you want to make sure that the one you choose is either cloud- or web-based.

This way, you’ll be able to access all the information you need from anywhere. You also don’t want all your data saved on your device or computer, as it can crash and make you unable to recover everything.

Is the software easy to navigate?

Another quality of the toprated property management software is the ease of use. It shouldn’t take hours to figure out how to go through the processes. This software is meant to make your life easier and doesn’t require you to figure out new ways of doing simple things.

Is there training or onboarding?

There’s no point in having access to the software you don’t know how to use. That’s why top property management software providers will provide you with training or onboarding to help you get comfortable with the product.

Since this kind of software is there to help you manage all your properties from end to end, you should be able to make full use of all the essential features.

Are there marketing tools included?

Marketing is a vital part of property management, so you want to ensure that there are never any long-term vacancies on any of your rental properties.

That’s why many of these tools include features that help market your properties. Some of them even assist with creating and hosting a custom website.

What’s customer service like?

No matter how great the training or onboarding process is, there will likely come a time when you need to troubleshoot an issue. That’s where customer service comes in.

You should check property management software reviews to make sure that a company has reliable technical support you can contact whenever you’re having any problems.

Wrapping Up

The right property management software can make all the difference when it comes to being a landlord and running your business smoothly. However, there are so many options on the market that it can be challenging to decide which one is best for you.

We hope that our list of property management software helps you find the right one that can take your property management to the next level.

FAQ

What software do leasing agents use?

Leasing agents use a variety of property management software to do their job. Five of the six software options in our reviews list could be an excellent choice for leasing agents and they include Buildium, RentRedi, Appfolio, TenantCloud, and Rentec Direct.

What is the best property management software?

Our choice for currently the best out of all the property management software options is Buildium. It’s an excellent software that makes managing tenants and properties super simple and offers a number of tools that help you run your business smoothly.

How do I choose property management software?

To choose the best property management software, you should look at the key features:

  • Whether it’s easy to navigate 
  • Whether it’s cloud-based or web-based
  • If there’s training and onboarding available
  • What the customer service is like