5 Best Real Estate Management Tools + Property Management Integrations

 

 

As a property manager or owner, you know that in the fast-paced world of real estate, efficiency and precision are paramount. That’s why many managers rely heavily on advanced real estate management tools to streamline operations, enhance tenant satisfaction, and maximize profitability.

With a plethora of property management tips and tools available, selecting the right software can significantly impact the success of a real estate venture. In this blog post, we’ll explore the leading real estate management software brands and delve into the key aspects of real estate management technology.

This post covers:

• 5 best real estate management tools
• What are real estate management tools?
• Integrate your real estate management tools with ButterflyMX

 

 

5 best real estate management tools

As we addressed above, real estate management tools are critical additions to property operations. So, what software do apartment managers use, and what brands do successful property managers rely on?

The five best real estate management tools for apartment and property managers include:

1. Buildium
2. HomeWise
3. Rent Manager
4. Rentec Direct
5. TenantCloud

 

1. Buildium

Buildium is a comprehensive property management software that caters to the needs of property managers, landlords, and community associations. What’s more, this robust platform offers a wide array of features designed to streamline property management tasks.

Key features from Buildium include:

• Lease management. Buildium’s lease management feature can simplify lease tracking and renewals so that your schedule is less busy and you can focus on more tasks at once.
• Tenant screening. Buildium provides thorough background-checking capabilities so you can find the most trustworthy tenants.
• Online payments. The Buildium online portal enables easy rent collection and tracking so you and your tenants avoid miscommunications and lost payments.
• Maintenance management. You can easily streamline maintenance requests and work orders so that tenants get timely responses from your office.

Read our Buildium review here >>

 

2. HomeWise

HomeWise is a property management software tailored for homeowners’ associations (HOAs) and community associations. It focuses on streamlining communication, document management, and financial reporting.

Key features from HomeWise include:

• Online portal. The HomeWise online portal facilitates communication between board members and residents, making it easy to keep everyone informed.
• Document storage. You can securely store and share important documents using the HomeWise document storage feature.
• Financial management. HomeWise provides detailed financial statements and budgeting tools, enabling property managers to organize financial information all in one place.
• Maintenance requests. Simplify the submission and tracking of maintenance requests for you and your residents.
• Violation tracking. Manage and resolve community violations efficiently so that you and your staff stay organized.

 

3. Rent Manager

Rent Manager is a versatile property management software that caters to various property types, including residential, commercial, and short-term rentals. Its comprehensive feature set and customization options make it a popular choice among property managers.

Key features from Rent Manager include:

• Accounting. Rent Manager offers robust accounting tools for accurate financial management, making it simple for property managers to organize finances from their dashboard.
• Online payments. Rent Manager’s online portal enables secure and convenient rent collection. With this feature, residents won’t miss a payment, and managers won’t have to worry about collecting.
• Maintenance management. The Rent Manager portal streamlines maintenance requests and work orders. What’s more, property managers can easily follow maintenance task progress and communicate with residents about their needs.
• Marketing tools. This real estate management software provides tools for effective property marketing and vacancy management, simplifying the marketing process for managers and owners.
• Tenant screening. With the Rent Manager software, managers can conduct thorough background checks to ensure quality tenants.

Read our Rent Manager review here >>

 

4. Rentec Direct

Rentec Direct is a user-friendly property management software designed for landlords and property managers. It offers a range of features to simplify property management tasks and improve tenant relations.

Key features from Rentec Direct include:

• Tenant portal. Provides tenants with a user-friendly portal for online rent payments and maintenance requests, ensuring efficient communication and streamlined processes for both tenants and property managers.
• Accounting. Includes comprehensive accounting tools and financial reporting capabilities, allowing property managers to easily track income, expenses, and generate detailed financial statements to maintain financial health and compliance.
• Tenant screening. Offers robust screening checks and credit reports to help property managers select reliable tenants, reducing the risk of potential issues and ensuring a safe community.
• Online payments. Facilitates secure online rent payments and tracking, offering tenants a convenient way to pay rent and providing property managers with real-time updates on payment statuses.
• Ease of use and affordability. Rentec Direct’s intuitive interface and cost-effective pricing structure make it an ideal choice for small to mid-sized property management companies, providing them with powerful tools without breaking the budget.

Read our Rentec Direct review here >>

 

5. TenantCloud

TenantCloud is an all-in-one property management software that caters to landlords, property managers, and tenants. Its extensive feature set covers all aspects of property management, from marketing to maintenance.

Key features from TenantCloud include:

• Tenant screening. Conducts comprehensive tenant background checks, including credit reports, criminal history, and eviction records, helping property managers make informed decisions and select the best tenants for their properties.
• Online payments. Enables secure and convenient rent collection through various online payment methods, ensuring timely payments and reducing the hassle of manual processing for both tenants and property managers.
• Maintenance management. Simplifies the submission and tracking of maintenance requests by providing a platform where tenants can report issues, and property managers can track, prioritize, and resolve them efficiently, ensuring quick turnaround times and tenant satisfaction.
• Accounting. Provides detailed financial reporting and accounting tools to help property managers track income and expenses and generate accurate financial statements, making it easier to manage finances and ensure transparency.
• Marketing tools. Assists in advertising vacancies and managing leads by syndicating listings to multiple rental websites, helping to attract potential tenants and streamline the leasing process, reducing vacancy rates and ensuring a steady income stream.

 

Discover five ways to automate your building for more benefits:

 

What are real estate management tools?

Real estate management tools are comprehensive software platforms designed to streamline the management of rental properties. They integrate various functions, including leasing management, tenant screening, online payments, maintenance management, accounting, and marketing.

Benefits of real estate management software:

• Efficiency. Real estate management software automates repetitive tasks such as rent collection, lease renewals, and maintenance request processing. This reduces the manual effort required and minimizes the risk of human error, freeing up time for property managers to focus on more strategic activities.
• Tenant satisfaction. Real estate management software provides portals for tenants to communicate with property managers, submit maintenance requests, and make payments online. This improves communication efficiency and ensures that tenant issues are addressed promptly. What’s more, quick resolution of maintenance issues and easy access to important information through the tenant portal enhance the overall tenant experience.
• Financial management. Management software offers comprehensive financial reporting tools that help property managers track income, expenses, and profitability. These reports provide valuable insights into the financial health of the properties, aiding in informed decision-making. With built-in budgeting tools, property managers can create and manage budgets more effectively, ensuring better financial oversight and planning. The software can also help in forecasting future financial performance based on historical data.
• Centralized data management. The software centralizes all property-related data, making it easily accessible from a single platform. This ensures that property managers have up-to-date information at their fingertips, facilitating better decision-making and coordination.

 

Integrate your real estate management tools with ButterflyMX

Integrating your real estate management software with ButterflyMX empowers you to seamlessly manage tenant information, access logs, and property security from a single platform, improving operational workflows and enhancing tenant convenience and safety.

Benefits of integrating your real estate management software with ButterflyMX include:

• Robust integrations. Seamlessly integrates with existing property management software and security systems. So you can streamline your workflow and spend more time communicating with your tenants.
• Enhance security at your property. Our Front Desk Station provides robust security features that increase visibility into your property’s entry activity. What’s more, our Video Intercom empowers tenants to launch two-way video calls with visitors. So, you always stay in the know of who’s entering your property.
• 24/7 remote access. Our cloud-based solutions empower property managers and residents to grant access remotely and open doors with our five-star rated mobile app. Not to mention, you can manage and monitor access from anywhere.
• Seamless visitor management. Streamline visitor access with Virtual Keys that make it easy for guests and service providers to access your property securely.
• Improved tenant experience. Enhance the overall experience for your tenants, staff, and guests by empowering them to open any entry point with their smartphone.
• Modern and sleek interface. Our solutions blend beauty and functionality so you can elevate your luxury property without compromising convenience. In addition, our video intercom has an intuitive touchscreen interface that complements any building and is easy for visitors and tenants to use.