TechRadar: Best Property Management Software of 2020: Organize Real Estate in the Cloud

Manage your real estate portfolio with the best software

Managing multiple real estate units without software would be difficult, but having the right software to manage your property is another matter.

It’s not simply that it needs to be able to handle documents like office software, but also needs to cover accounting needs and financial management as well.

Managing tenants and maintenance will also be necessary, as well as screening rental applications, inventory tracking, advertising and marketing, ticketing fault reports. Some of the best software will also enable communications direct with tenants to provides updates and status notifications as required.

On top of that there’s the number of properties involved, as someone managing a handful of real estate units will likely have different needs to a group controlling thousands.

Luckily there are a number of very comprehensive solutions on the market for organizations that need to manage a lot of property units. Many are cloud-based services, which means you can access what you need from anywhere, such as on the go using your smartphone.

Here then are the best in property management software, for anyone managing real estate of any type and portfolio.

See the full list here.

Other property management software to consider

While we’ve highlighted some of the bigger names in real estate management software, there a number of others which all have their own selling points. Some might be better orientated toward smaller portfolios, others might cover a niche such as holiday lettings, and others might offer special pricing or features. We’ll provide a few more to consider and highlight the reasons for adding them here:

FantasticStay provides a centralized cloud-based platform for managing real estate, especially where there’s a holiday lettings angle. You can manage listings and advertisements from your account, and run them directly on providers such as AirBnB. You can clone properties, have child listings under a parent property, and a lot of features can be automated. It also serves as a communications platform with clients, to ensure you know everything that’s going on and can manage bookings. As an all-in-one platform it even has it’s own in-built website builder, so you don’t need to worry about running the software through another application for the internet.

Rentec Direct offers one of the best value platforms, with pricing starting at $35 per month for less than ten properties. Cost rises with increasing number of units, but is ideally placed for the landloard with dozens rather than thousands of properties they need to manage. However, the Rentec Direct platform remains full-featured and comprehensive: it includes tenant screening, accounting, online payments, document organization, and advertising, all run from an online system.

Condo Control Central really takes real estate management to the next level in terms of attention to detail. Not only does it offer a dedicated management panel for all the routine tasks, such as billing, letting, and communications, it can even take care of logging deliveries to your properties, it can even monitor resident parking permits and their use. It also has security features for accessing incident report, key records, and entry requests. There are even Push Notifications available for management staff, contractors, and clients.

Building Engines is more focused on the management of commercial real estate, which means a bigger and more responsive platform filled with additional features. It’s web and mobile platform aims to provide core metrics that go beyond just booking and paying for space as much as managing client expectations and satisfaction. You can also set targets for sales and/or service delivery, and track performance according to your designated business benchmarks. It’s no wonder then that it’s used by some of the bigger private management firms and leading public REITs across North America.

Original article contributed by: TechRadar