Best Real Estate Accounting Software for Property Managers

Managing properties can be a complex process, especially when it comes to accounting. To streamline operations and improve efficiency, property managers need reliable real estate accounting software. This article discusses the top real estate accounting software options, their pros and cons, pricing, and public ratings to help property managers make an informed decision when choosing the right software for their needs.

1. AppFolio

Pros:

• Comprehensive property management solution
• User-friendly interface
• Automated billing and invoicing
• Robust reporting capabilities

Cons:

• Limited customization options
• May be costly for smaller property portfolios
• Closed API

Pricing: Starts at $1.80 per unit per month (minimum $280/month)

Public Rating: 4.5/5

URL: https://www.appfolio.com/

2. Yardi

Pros:

• Scalable and customizable
• Extensive features for residential and commercial properties
• Integration with other Yardi products
• Open API with documentation

Cons:

• Steeper learning curve
• May require technical support for setup

Pricing: Contact for pricing

Public Rating: 4.3/5

URL: https://www.yardi.com/

3. Propertyware

Pros:

• Cloud-based platform
• Customizable workflows
• Offers a wide range of integrations

Cons:

• User interface not as intuitive as some competitors
• Slower customer support response times

Pricing: Starts at $1 per unit per month

Public Rating: 3.8/5

URL: https://www.propertyware.com/

4. Buildium

Pros:

• Suitable for property managers of all sizes
• Easy to use interface
• Excellent customer support

Cons:

• Limited customization options
• Some features require additional fees

Pricing: Starts at $50 per month

Public Rating: 4.4/5

URL: https://www.buildium.com/

5. Rent Manager

Pros:

• Highly customizable
• Offers integrated VoIP phone system
• Good for both residential and commercial properties

Cons:

• Higher pricing for smaller portfolios
• Steeper learning curve

Pricing: Starts at $20 per user per month

Public Rating: 4.6/5

URL: https://www.rentmanager.com/

6. Entrata

Pros:

• Comprehensive property management software
• Offers marketing and leasing tools
• User-friendly interface

Cons:

• Limited reporting capabilities
• Customization options can be overwhelming

Pricing: Contact for pricing

Public Rating: 4.2/5

URL: https://www.entrata.com/

7. Resman

Pros:

• Easy to use and navigate
• Offers customer support via live chat
• Provides API for custom integrations

Cons:

• Limited customization options
• Customer support response times can be slow

Pricing: Contact for pricing

Public Rating: 4.1/5

URL: https://www.myresman.com/

8. RealPage

Pros:

• Wide range of features for property management
• Scalable solution
• Offers online training

Cons:

• Steep learning curve
• Customer support can be slow

Pricing: Contact for pricing

Public Rating: 3.9/5

URL: https://www.realpage.com/

9. RentVine

Pros:

• User-friendly interface
• Affordable pricing
• Good customer support

Cons:

• May lack some advanced features
• Limited integration options

Pricing: Starts at $25 per month

Public Rating: 4.0/5

URL: https://www.rentvine.com/

Selecting the ideal real estate accounting software hinges on your unique property management requirements, financial constraints, and preference for customization. This comprehensive list serves as a valuable resource for property managers looking to switch software, offering detailed insights into the top options available. By carefully considering the pros, cons, pricing, and public ratings, you can make an informed decision and select the best software to enhance your property management operations.