11 Best Property Management Software To Grow Your Business in 2022

Are you into hotel, real estate, or any other property management business?

Then, you must manage hundreds of things daily. You have to manage accounts, tenants, leasing functions, facility management, and more. 

Besides that, real estate businesses have to promote themselves nowadays online using digital ads, email campaigns, social media marketing, etc. 

All in all, property management takes lots of time and effort. But fortunately, there are various great property management software available that can share your workload today. 

Whether you are a small realtor with a few investment properties or a big real estate firm, the right property management software can bring efficiency and ease to your business. 

Below, we have reviewed the best 11 property management solutions to streamline your operations in 2022. So, let’s grow your business now!

11 Best Property Management Software 

Despite the global pandemic, the real estate industry is flourishing today. In 2021, the Real Estate Sales and Brokerage revenue will be $156.2 billion. 

You can also boost your real estate revenue in 2022 by automating some operations. Using these property management software, you can dramatically improve your property ROI:

1. Buildium

Highlights

• 14-day free trial 
• Compatible with multiple properties 
• Easy to use 

Buildium is a number #1 property management software as per our review. This software can manage all types of properties, including residential, commercial, student housing, etc. 

Buildium allows realtors and property managers to track budgets, rents, and other payments. This software is perfect for your rental business, whether you want to manage property leases or find better tenants after proper screening. 

The software is available in three lucrative pricing options – Essential ($50/month), Growth ($160/month), and Premium ($460/month). You can first use a 14-day free trial to test the software and then move to the paid plans. 

Source: Buildium

2. Bitrix24

Highlights 

• Marketing automation 
• Customer management 
• Supports multiple industries 
• A free trial

Bitrix24 is a complete business automation software for different industries. It is a CRM and marketing automation tool for retail, hotel, travel, legal and other businesses. 

Retail businesses can use better data recording, customer management, and organizational abilities to maximize their sales pipeline. Bitrix24 allows you to establish a solid bond with your clients using AI and chatbots. You can build your retail business website, run analytics, and track leads using this one property management software. 

With Bitrix24, you can fully manage your real estate business for free. However, a free plan is only available up to 5 GB. But you can anytime upgrade to Basic ($49/month), Standard ($99/month), and Professional ($199/month). 

Source: Bitrix24

3. TurboTenant

Highlights 

• 100% free tool 
• Excellent tenant management 
• Rental management 
• Collects rent online 

Are you a landlord? In that case, TurboTenant is an all-in-one property management software for you. This free software can seamlessly manage your rental properties from screening tenants to getting digital signatures on lease agreements. 

Using TurboTenant, you can run rental ads, screen tenants, receive applications, and collect rent online. You can easily post your rental ads on popular real estate websites like Realtor.com, Rent.com, and many more. 

This software uses TransUnion to generate complete information about a tenant, including criminal records, previous evictions, etc. Overall, TurboTenant can empower landlords to lead a stress-free life.

Source: TurboTenant

4. TenantCloud

Highlights 

• Free up to 75 units
• Supports accounting and reporting 
• Great customer support 

If you own several rental properties but don’t want to hire professionals to manage your business, TenantCloud can make you self-efficient to manage your rental properties and tenants. 

The software allows you to collect online rent using PayPal, ACH transfer, debit card, and credit card. You can also blast your vacant properties on numerous leading tenant sites, receive applications, segment lists, screen tenants, and so much more. 

TenantCloud is a perfect place to find and manage tenants. Importantly, it is free up to 75 units, which can help small landlords a lot. Big landlords also have an option to get custom quotes from the company.

Source: TenantCloud

5. RentRedi

Highlights 

• Complete rental management solution
• Available in all 50 states 
• Free listing on RentRedi, Realtor.com, and Doorsteps

RentRedi is a one-stop property management software for landlords and tenants in the States. It is a mobile-friendly software that can help landlords accept online payments across 90,000+ different locations. 

This mobile application helps to pre-screen tenants before fixing an interview. Using this tool, you can retrieve a tenant’s complete criminal, credit, and other details. RentRedi can manage 65,000+ rental units on a dashboard for you. 

It is a great tool for landlords in the US to advertise, screen, and manage tenants. RentRedi’s monthly package starts from $19.95/month, and the annual package for $9/month.

Source: RentRedi

6. MRI

Highlights 

• Well-connected community
• Real estate accounting and reporting 
• Flexible and customizable interface 

MRI is a comprehensive and flexible real estate solution. It is an open and well-connected community of property managers. This software provides a holistic view of your property to prepare real-time strategies and plans to grow your business. 

MRI is a big umbrella software that allows you to manage residential properties, risk mitigation, online payments, accounting, voucher management, and so much more. Additionally, the MRI partner program connects you with 140+ business partners to grow your business, including Rent.com, Realtor.com, Zillow Rental, etc. 

You have to connect with your regional MRI team to know the exact price range for your selected products.

Source: MRI Software

7. AppFolio

Highlights 

• Supports multiple properties 
• Useful accounting and reporting 
• Simple property portfolio 

As the name suggests, AppFolio is the best property management software to create your different properties portfolio. With AppFolio, you can establish virtual connections with your tenants and automate all your major business operations. 

AppFolio can manage residential, commercial, affordable housing, and all other types of properties. This program has various tools to streamline your real estate business, such as accounting, reporting, communication, leasing, maintenance, and more. 

AppFolio has a clear pricing structure – Residential ($1.40 per unit/month) and Plus ($3 per unit/month).  

Source: AppFolio

8. Entrata

Highlights 

• Modern solution 
• Multiple properties management 

Entrata Core is a modern technology partner that every realtor needs today. With this one property management software, you can manage leases, digital marketing, and all types of residential properties. 

Entrata can help quickly move in tenants, automate renewal processes, post transactions in a ledger, and do much more. Using this software, you can also regulate your marketing efforts and generate almost 80% more leads. 

You can book a free Entrata demo anytime for your team and choose a customized plan suiting your needs.

Source: Entrata

9. ResMan

Highlights 

• Supports multiple properties 
• Complete CRM 
• Increase efficiency 

ResMan is a leading property management software for affordable housing, residential, and commercial property managers. This software can reduce your staff’s workload and help to increase your lead generation rate.

ResMan software uses the latest CRM technologies like artificial intelligence, chatbots, automation, and a centralized dashboard. You can leverage data better through an end-to-end analytical dashboard and gain insight into your different properties. 

ResMan also provides a training program that will help to educate your entire team about automation and its benefits.

Source: ResMan

10. Rent Manager

Highlights 

• Accounting and reporting 
• Marketing and leasing 
• Offers a free demo 

Rent Manager is a simple software to manage all types of properties, including residential, commercial, affordable housing, and others. With this software, you will get a mobile interface and attractive dashboard to manage accounts, reports and create marketing plans for your real estate business.

The best thing about this property management software is it is fully customizable. You can create your own workflow, manage your properties and connect with your staff as you please. 

Rent Manager also provides complete data migration, implementation, and software training to your staff. You can request a free demo today to test the software. 

Source: Rent Manager

11. RealPage

Highlights 

• Improve rentals experience 
• Business intelligence 
• Easy to use 

RealPage is an innovative business intelligence solution for real estate business owners. It is a complete toolkit for residential managers to effectively manage tenants, accept online payments, get real-time reports, and do more.

You can easily grow your online rental business with this tool. You can create a search engine-friendly website, track online leads, manage your expenses and enhance the residential experience in no time.

Source: RealPage

Select a Suitable Property Management Software Today!

Whether you want to grow your real estate business or streamline your rental operations in 2022, the correct property management software is what you need right now. 

A property management software can help you find tenants, screen applicants, accept online payments and provide a better rental experience. So, to take your business beyond limits in 2022, pick a suitable software and let’s explore the new opportunities now. 

We hope you find this article helpful. If you would like to share thoughts on the topic, the comment box is all yours. 

FAQs 

What is multifamily software? 

Multifamily software is property management software that helps to manage multiple tenants simultaneously. It is specifically designed for property managers and landlords to automate day-to-day operations. 

What are the main features of property management software? 

• Collect rent 
• Screen tenants 
• Track maintenance 
• Manage accounts and reports 
• Handle tenant problems 

Who is a property manager? 

A property manager is a person or entity that helps property owners to oversee and manage daily operations for an agreed sum. 

What are the types of property management? 

Mainly, there are four types of property management – residential, commercial, industrial, and affordable housing. 

Who needs good property management software? 

A person who has multiple properties under his name, a landlord who runs a multiple-unit rental complex, or a real estate company can use a good property management system to manage their operations.