5 Best Real Estate Property Management Software in 2022
As a result of the epidemic, landlords will want sophisticated property management software to oversee their properties and protect and grow their investments. If you choose one of our top five rental property management software for 2022, you can save time on administrative tasks and have more time for other activities and for yourself.
Table of Contents
What is Property Software?
A property management software is designed for landlords and property managers that wish to automate and expedite business procedures associated with managing rental properties. Rental property management software aims to meet demand by incorporating financial, marketing and communication, tenant screening, insurance, leasing, and inspection capabilities, among others.
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Which is an Example of Property Software?
Many property owners have had difficulty maintaining tenant files and would want to utilize business or accounting software instead. While it eliminates physical labor, it lacks features that facilitate your work. If you are in a similar situation, these are the five finest rental property management software alternatives worth your time and money.
Guesty is a major hospitality property management and short-term vacation rental software. Guesty’s platform unifies bookings, guest communication, operational duties, and housekeeping management across all main booking channel management systems for property owners.
Guesty is proud to offer the most comprehensive suite of tools for hosts and owners to manage their whole vacation rental business.
From guest communication to work assignment to payment processing, our end-to-end solution streamlines the diverse operational requirements that property managers constantly face. Its property management solution synchronizes channel administration on a single platform, maintaining listings across all major OTA booking channels, including Airbnb, Vrbo, Tripadvisor, Agoda, Expedia, and direct booking websites.
In addition to being a software for managing short-term rentals, Guesty can also serve as the sole Airbnb management software. It saves hospitality operators time and money, allowing them to concentrate on boosting occupancy, delivering an exceptional guest experience, and expanding their business.
- Accounting tools that are compatible with a computerized trust accounting system will reduce repetitive tasks while keeping your rental business operational. This grants you access to automated journal entries, bookkeeping, owner accounting, trust accounting, and more.
- The unified inbox is an intelligent messaging tool that centralizes all guest communication across all OTA platforms and enables you to respond directly from Guesty. In your Guesty inbox, you can answer to booking channels, email, SMS, and Whatsapp requests. Then, as soon as the first inquiry appears in your inbox, Guesty’s Guest Communication Services team will provide prompt responses to boost your conversion rates and guest stays.
- Utilize in-depth analytics to gain insight into your performance. It converts raw business data into actionable insights and critical performance metrics that explain all you need to know about your properties’ success. Utilize the data offered by the reports to identify your problem points, create solid business plans, and drastically increase occupancy rates across the board.
- Automate your boring tasks using Guesty’s cutting-edge Automation capabilities so that you can focus on growing your rental business. You will have access to automated messages, answers, pricing, facilities for guest reviews, and payment processing.
- Get a Booking Website to attract customers and have a branded spot for direct bookings, free of OTA fees, in order to increase your earnings. You can connect directly with your guests, offering customized discounts and vouchers to promote your hotels and fill available rooms. You can also connect to Google Analytics to measure the impact of your marketing activities and gain a deeper understanding of your funnels. Utilizing Facebook Ads, configure a Facebook Pixel to directly capture abandoned reservations.
- Using the Multi-management tool, you can accelerate the generation of several identical listings or integrate all of your current interchangeable properties onto a single platform. Guesty’s Multi-Unit Calendar enables you to accommodate as many reservations as possible by allowing you to modify rates, block days, and receive a quick summary of which sub-units are occupied at any given moment. Manage your short-term rental business similarly to a hotel.
- It offers enhanced Channel Manager Software that streamlines channel onboarding and maintenance and provides a consolidated view of distribution performance. Increase brand exposure and bookings while optimizing channel options without having to navigate between multiple dashboards.
- You may use Guesty’s open API if you desire a custom solution for your company’s unique operation style. Additionally, it enables you to synchronize your existing website and integrate external applications.
- Guesty’s Owners Portal enables you to provide your homeowners or co-hosts with reports and transparency regarding their revenues, fees, and commissions. In addition, a full Task Management program enables hosts and property managers to create, assign, and monitor recurring tasks with workers and cleaners to ensure that they are executed accurately and on schedule.
- Undoubtedly, the most enjoyable component of property management is receiving payment, yet collecting fees may be a hassle. The Online Payment processor of Guesty simplifies transactions. You will then get access to the most customizable Reporting Tools in the business, where you may view all the data you choose, including your expenses and profits.
In addition, you may automatically email your clients personalized agreements outlining your terms and conditions and collect their legally binding e-signature, thereby reducing your risk of fraud, property damage, and undesirable guest conduct. Create a contract tailored to extended visits and deliver it automatically to people staying for 28 days or more, or according to any other criterion you determine.
With Guesty’s various coverage options, you can rest easy knowing that your rental apartments are secured against guest damage. It offers comprehensive damage protection insurance that will cover the cost of a broken appliance, dirty carpeting, or other minor damages to your rental homes.
- Accounting tools for managing money
- Obtain analytics and apply information for future decision-making.
- Automation techniques to facilitate labor process simplification
- Have a personal booking website or connect an existing website via API.
- Channel manager for tenant onboarding
- Portal for owners and task management
- Simple online payment processing and reporting instruments
- Individualized rental agreement
- Multi-calendar and multi-units
- A single container for all messages
- Pre and extended stay instruments
Due to the increase in tourism and need for alternative accommodations in urban and rural areas throughout the United States and the world, there is no doubt that short-term rental properties will remain popular. Start using Guesty to ensure that you can accommodate all bookings, manage your units efficiently, and maximize the return on your investments.
Rent Manager is a property management application designed for big residential, commercial, and short-term portfolios. This solution provides a double-entry accounting system, maintenance management and scheduling, marketing integration, mobile applications, and over 450 useful reports.
The software’s fully configurable features include an API that interfaces with the best PropTech providers on the market. Consequently, if you’re in severe need of Airbnb property management software or a channel management platform to communicate with your client, this solution has you covered.
This rental property management software is made for organizations who handle various types of properties. It is robust enough to serve large portfolios and adaptable enough to accommodate any individual unit. Users are able to view their data from any location, including the field, an emergency repair call, the office, and their homes.
You get access to Rent Manager Online, Rent Manager Express, and user-friendly mobile apps such as AppSuite Pro and Resident via a flexible platform. Accept payments, do inspections, generate reports, and connect with customers, among other capabilities.
Key Features and Benefits
- Appropriate accounting system for financial management
- Access and generate exportable and downloadable reports in just seconds.
- Integrated marketing tools to promote your rentals
- Web and mobile capabilities allow for use at any time and from any location.
- Enables the creation, tracking, and resolution of service issues on the platform.
PropertyBoss is software developed for small to medium-sized property managers. The program will be beneficial to managers of cheap housing units, apartment complexes, prefabricated housing, military housing, elder housing, university and student housing, and other facilities. PropertyBoss is offered as a web-based or on-premise solution and is Mac and PC compatible.
PropertyBoss services include property accounting, tenant and lease tracking, budgeting and forecasting, and building maintenance. Elements of accounting include the general ledger, accounts payable, assessment of profit and loss, and other responsibilities.
Its software for channel management handles online payments, vacancy planning, resident screening, and unit characteristics. Utilize the building maintenance tools, such as work orders, inventories, task monitoring, calendar priority, etc., to manage normal property maintenance.
It provides property management software for student housing that automates the process of students moving in and out, tracking contracts by bed, and monitoring finances. It also enables you to better manage hundreds of students on move-in/move-out days, track contracts by bed, conveniently track financial assistance payments, quickly track packages by student, and much more.
Their apartment and multifamily management software has an implementation team that will work with you to develop customized settings for your renters, enabling them to see exactly what needs to be addressed and how to do so in within seconds.
Key Features and Benefits
- Appropriate for modest to moderate property owners
- Lets you manage different dwelling units
- Available via Mac and PC and accessible via the cloud
- Detailed bookkeeping and tenant amenities
- Performs routine property upkeep
SS&C Technologies’ SKYLINE is a web-based property management and accounting system designed for small to medium-sized real estate companies. It offers integrated solutions for property management, finance, tenant and lease management, financial reporting, maintenance scheduling, and work orders.
You can create more leads, engage with prospects, and sign digital leases with a single tap on your screen. Improve tenant relations by providing mobile convenience services. Customized financial reports permit a deep dive into the complexities of performance metrics. Schedule monthly charges, send out warnings for important dates, and manage purchase orders, invoicing, and vendor payments.
SKYLINE Residential Property Solutions offers new tenant satisfaction and cash flow solutions to managers of multifamily, condo/HOA, student housing, and single-family homes. Maintain multiple-year budgets for annual comparative reporting, increase productivity with mobile facilities management solutions, charge rent with full AR, and receive automatic reminders of vital dates for managing your properties.
Key Features and Benefits
- Available via computer and mobile
- Client portal to manage renters
- Customized financial reports to examine your performance in depth.
- Not only monitors your property, but also the lease and other upkeep.
- Specialized characteristics for all residential businesses
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RentMaster is yet another property rental management application that helps businesses manage inventories, pickups, deliveries, orders, and client relations. Managers utilize the platform to monitor real-time product availability and assign labels for inventory organization.
Administrators maintain a searchable client database and can personalize order tracking values such as reserved, received, delivered, and canceled. RentMaster enables teams to customize individual purchase discounts, online transactions, and delivery options through a unified interface. Additionally, supervisors use the filter option to organize rental, sales, and other data by date and time.
It allows you to organize your inventory with an unlimited number of categories and subcategories. Combining rental and for-sale products on a single invoice reduces paperwork. Save time and work by inputting many things simultaneously. Additionally, you can use additional tools to streamline your orders. Other than that, quotations are easily convertible into orders. RentMaster discovers comprehensive customer data and automatically validates quotes to guarantee inventory availability.
Key Features and Benefits
- Tracks rental value
- Consistent interface for transaction management
- Allows for detailed inventory management
- Automated pricing for greater precision and customer satisfaction
- Access individualized lease agreements
- Obtain tenant database and categorize tenants.
Overall, property management software is a solution created for landlords and property managers like you to address rental property issues. In addition, you have features that account for your spending and profit, manage your clients, and automate administrative tasks, among others.
Now that the tourism industry has recovered, you must ensure that your rental properties remain competitive with the aid of our top five rental property management software, including Guesty, Rent Manager, and others.