Property management involves sorting a variety of information–learn what software options help property managers to thrive. Managing property, particularly if multiple tenants are involved, can be a very big challenge. Property managers need a place to keep rental agreement information, a way to process rent payments, and a way to keep essential information on tenants. All of this can be accomplished with a good property management software, but you might not know where to start. In this article, we will explore some of the available options.

Identifying the Best Software for Property Management

Before you can choose the property management software that will fit your needs, you will need to clearly understand what you are looking for in terms of pricing and function. There are different systems that are built to accommodate different needs, so it is important to know where you stand. Property management software is available at different price points, and different systems can offer services that you might or might not need.

MRI Real Estate Software

MRI is considered one of the best software options for commercial property owners who are looking to improve the comfort with which they work. Able to support large and thriving communities, this is a system that has all of the bells and whistles, allowing you to ensure that you and your tenants are on the same page. With MRI, you receive support for multifamily properties, affordable and public housing, investors, and tenants themselves all in one single system.

Buildium

Buildium is a highly versatile software that is currently used by over 20,000 property management companies that are looking to provide the best possible service for their tenants. This system offers a 14-day free trial so you can explore all of their key features, including ePay, tenant screening, and support for renters insurance. Fitted with tools to help you receive everything from rent payments to maintenance requests, this is the perfect system to help you to be more eco-friendly by completely eliminating the need for unnecessary paperwork.

TurboTenant

Though paid services certainly have their benefits, you might be more interested in a free option, and TurboTenant is considered the best of the best. This particular software includes a variety of helpful tools including applications and screening, online rent collection, advertising tools, messaging, document storage, and more. If it seems too good to be true, you will be glad to know that TurboTenant does make money for helping you, and this is accomplished through minimal fees for the tenants. The application and screening fee is covered by potential tenants and additional fees occur depending on how your tenants pay rent or whether or not they invest in renters insurance through the system.

The Takeaway

Property owners and managers have different needs, and it is very common for these needs to change with time. Choosing the best system for your property management team will generally come down to clearly identifying what features you need and how much you are willing to invest in the system. To work with an established Aurora property management group, contact us directly.