As a small business owner, managing your properties can be a daunting task. From handling tenants and rent payments to maintaining the property itself, there’s a lot to keep track of.
If you’re still managing your properties manually, you’re probably losing valuable time and money, and missing out on potential revenue streams.
But, the good news is that there are many small business property management software options available to make this process easier and more efficient.
Whether you’re operating an independent property management company or simply leasing out your own home, effective property management software for small business can make all the difference between smooth sailing and a sinking ship (or at least one that’s always late on rent payments).
In order to help you choose the finest small business property management software for your needs and budget, I’ve reviewed and evaluated the top 13 options for small businesses in this post, along with my top three suggestions.
Easily manage rent collection, tenant screening, maintenance tracking and more with the comprehensive solution for landlords and property managers.
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Easy to manage your properties, from tracking expenses and income to creating custom reports. Sign up for Stessa and see the difference for yourself!
It’s crucial to comprehend what property management software is and the many features it offers before diving yourself into the sea of the greatest property management software for small business.
What is Property Management Software?
A property management software is a tool that helps landlords and property managers to efficiently manage their rental properties. It typically includes features such as:
- Tenant management: Allows landlords to keep track of tenant information, lease agreements, and rent payments.
- Maintenance management: Allows landlords to schedule and track maintenance tasks, and communicate with maintenance staff.
- Accounting: Allows landlords to track income and expenses, and generate reports.
- Marketing: Allows landlords to list properties for rent on popular websites and social media platforms.
- Communication: Allows landlords to communicate with tenants and staff through email, text, and other means.
- Access control: Allows landlords to grant or deny access to specific areas of the property.
- Security: Allows landlords to monitor and record activity on the property using cameras and other security devices.
Overall, property management software provides landlords with a centralized hub to manage all aspects of their rental properties, including tenant and financial management, maintenance, and communication.
13 Best Property Management Software for Small Business in 2023
Small business property management software allows you to easily manage your rental properties, such as tenant check-ins and check-outs, rent collection, maintenance requests, and more, right from your computer.
Here are some of the top property management software options for small businesses.
1. TurboTenant
TurboTenant is the perfect property management software for small business owners. It is easy to use and helps you keep track of your properties, tenants, and finances in one place.
You can quickly and easily find the information you need, communicate with tenants, and stay organized.
TurboTenant makes your job as a property manager easier so you can focus on what’s important – running your business.
Features:
- User-friendly interface
- Tenant screening and verification
- Rent collection and payment tracking
- Maintenance request management
- Financial reporting and analysis
- Secure document storage
- 24/7 support
Say goodbye to manual processes and hello to a more efficient way of managing your properties. With TurboTenant, small business owners can focus on growing their business while the software handles the rest.
Don’t miss out on the opportunity to simplify your property management.
2. Buildium
Owning rental property can be a fantastic way to diversify your investments and Real Estate Investing Software is often necessary to keep track of it all.
In the past, this meant having to call up a software salesman or working with friends who happen to work in that industry. But these days, the Internet has made all sorts of data available at our fingertips–and more importantly, easily accessible.
Luckily for you, we’re going to help you sort through some of the best small business property management software on the market so you can make an informed decision about which is right for your needs.
So the one who knocked out all and won the crown of champion is Buildium.
Buildium is one of the best property management software designed for small businesses. It has a trial version, but it also offers paid plans that include features like an online rent payment system, mobile app support, and tenant portal access.
This software integrates with the main website so you can manage multiple properties from one page. The interface is intuitive and simple to use, making it easy to get started without any technical skills or knowledge about real estate management systems.
Features:
- Work order management
- Online rent payments
- Good reporting features
- Expense tracking
Price Plans:
- Free Trial: Yes, 14-day free trial
- Essential: Starting at $50/mo
- Growth: Starting at $160/mo
- Premium: Starting at $460/mo
3. Stessa
Need an easy way to rent out your properties?
My third choice in the aisle is Stessa.
This web-based system helps manage your business with efficiency and effectiveness. You can easily create custom reports that can help you track potential issues before they turn into major problems.
They give you the ability to generate statements and tax reports that allow you to go back in time up to 12 months, so as to compare all monthly payments.
It’s cloud-based, so you don’t have to worry about setting up servers or installing software on your own computers. With Stessa, you can manage rental properties, vacation rentals, and commercial properties all from one place.
Stessa also has a free version that gives you access to all of the features of its paid versions:
- Tenant portal (for managing tenants)
- Property listing (for posting listings)
- Property management (to track rent payments, view reports, etc.)
The app allows you to enter information about each property in real time so that tenants have an easy way of getting in touch with you if they need anything fixed or changed at their place(s).
Price Plans:
- Individual Investors: Free (no credit card required)
- Professional Investors: $1,000/month
4. TenantCloud
The TenantCloud software is the best property management software for small businesses that allows landlords to manage their tenants, their properties, and any type of income with just a few clicks.
TenantCloud offers several features that make it ideal for small business owners who want to run their business better but don’t have the time or resources needed to hire an accounting firm or bookkeeper.
This cloud-based software can be accessed anywhere that has an internet connection. It has a mobile app and a web app, so you don’t have to use multiple apps on different platforms.
The best part?
You can set this up in as little as 24 hours from the time you start using it!
Price Plans:
- Starter: $12 per month
- Growth: $40 per month
- Business: Custom Pricing
5. Doorloop
Doorloop is an online property management software that allows landlord to list their properties, manage tenants’ and tenants’ payments, collect rent, screen potential renters, and more.
They offer a service that provides landlords with all the tools they need to successfully manage their properties. With Doorloop’s easy-to-use interface and reliable features, you will be able to handle your rental property quickly while keeping it profitable.
- Easy to use – The user interface is straightforward and doesn’t require any technical knowledge.
- Free trial – You get 30 days’ access to the full version of Doorloop before you decide whether it’s right for your business needs or not.
Price Plans:
- Starter: $24.50 per month
- Pro: $39.50 per month
- Premium: $54.50 per month
5. Appfolio
To start a business, it’s important to take care of all the management aspects too.
For example, in order to manage property like a small business, you need software that is able to provide all the necessary tools.
Appfolio can help you manage everything from finances and properties to employees and contracts. With this software, tasks are in control at all times, no matter where you are or what time it is.
AppFolio was founded in 2013 by John Huculak, who has been in the real estate industry for over 25 years and has worked with many large companies like REX Homes and Berkshire Hathaway REITs Real Estate Services division. He also built his own business out of his garage when he was just 24 years old.
Other features are intelligent reporting and bi-directional communication with tenants which makes my life easier when interacting with them or the maintenance teams.
Price Plans:
- Core: $1.40 per unit per month
- Plus: $3 per unit per month
6. Propertyware
With 3 levels of administration and paperless management, Propertyware will be able to suit your property needs.
Plus, this software is web-based which means that you can manage all properties from a single computer or phone. You’ll have an accountant tab to manage finances and taxes, as well as home values for every piece of property.
With no size limits on accounts and the ability to self-customize the system to fit your personal needs and objectives.
It’s easy to use, has a mobile app and support team 24/7, and offers great features like rent calculation tools, and automatic reminders for late payments or repairs needed on your units.
Propertyware also offers affordable pricing plans starting at $5 per month (a great deal compared with other similar services).
Price Plans:
- Basic: $1 per unit per month
- Plus: $1.50 per unit per month
- Premium: $2 per unit per month
7. QuickBooks
The small business property management software that is currently considered the best is QuickBooks.
The first thing that you will notice about this small business property management software is how easy it is to get started using it. It’s possible to create your bookkeeping account within seconds of signing up.
You will also find features like email reminders and job cost tracking to be very valuable in managing your various properties.
The ability to automatically send out invoices after a customer pays the bill online, use credit card processing to take payments, send out paychecks on time, and track payroll are some other valuable features that make QuickBooks a top-rated small business property management software.
You’ll never have an excuse for running late again!
8. Hemlane
Hemlane’s software is designed to help smaller business owners make the most of their rental properties by simplifying the process of leasing and maintaining them.
The product was created by the same company that created Tenant Manager, which is the industry standard in this space. Hemlane has a cloud-based platform that you can use to manage your properties from anywhere with an internet connection.
Let Hemlane take care of your day-to-day property management needs. They will provide professional inspections, track expenses, ensure payment processing, and more!
Your business can focus on what it does best while they keep your assets safe and profitable!
Benefits:
- Simple accounting with built-in reports helps give you an accurate view of where your money goes and lets you see in real-time what areas might need improvement.
- Quick lease administration lets you take advantage of time-sensitive rental rates before they expire.
Price Plans:
- Basic: $30 per month
- Essential: $40 per month
- Complete: $60 per month
9. Rentec Direct
One of the most frustrating things that can happen in property management is when you have to collect rent from tenants or maintain the on-site equipment but lack the right kind of software.
Rentec Direct has one of the best property management software for small businesses available on the market. It has a suite of applications that can meet the needs of any small business, such as powerful reporting tools.
Rentec’s property management software can help you grow your small business, protect your assets, and keep it running smoothly day in and day out.
Rentec Pro Features:
- Tenant Screening
- Market Vacant Properties
- Online Rent Payments
- Full Bank, Property, and Tenant Accounting
Price Plans:
- Rentec Pro (For Landlords and Investors): $45 per month
- Rentec PM (For Property Managers): $55 per month
10. Condo Control
Condo Control is the best property management software for small businesses that helps you manage your condo association. It’s cloud-based, so it doesn’t require any additional hardware or software on your computer.
Condo control can help you keep track of all the members in your community and do things like approve maintenance requests, create budgets, collect dues payments, keep records, and much more.
This software has a mobile app so that users can check up on their communities from anywhere they have internet access too!
It’s compatible with Quickbooks, so if you’re using this system as part of an accounting solution (or even if you’re not), there won’t be any issues getting started with data importation into those other programs!
Price Plans:
- Customizable according to our needs.
11. Rent Manager
The process of finding the right property management software can be complicated. You want to choose one that will fit your needs, not just create problems and cause confusion.
Rent Manager is a great option for smaller businesses that don’t need all the added features that come with larger businesses.
It’s simple and intuitive, so even a business owner without much technical knowledge can figure it out quickly.
Rent Manager helps simplify business operations for you by keeping all your information in one place and handling routine tasks like collection reminders and sending out rent checks or late fees as necessary.
Your data is stored securely on their servers so it’s always up-to-date from any device, anywhere at any time—whether you’re on vacation or just going to bed early!
Price Plans:
- Basic: $1 per unit per month
- Plus: $1.50 per unit per month
- Premium: $2.25 per unit per month
12. Yardi Breeze
Yardi is currently used by over 350,000 property managers, contractors, and commercial real estate brokers, making it the most widely used commercial property management solution for small business.
Property managers enjoy user-friendly interfaces, speed, and ease of use with Windows-based devices, as well as being able to customize content.
Reports can also be customized with additional data points such as specific maintenance needs or tenant information.
Through their online portal tenants can access vital information about their apartments (vacancies/income status/rent history) giving them more transparency over their homes.
Price Plans:
- Breeze: Starting at $1 per unit per month
- Breeze Premier: Starting at $2 per unit per month
13. Entrata
Entrata is a cloud-based property management software that helps small businesses manage their properties effectively.
It offers a suite of tools to help with everything from accounting and invoicing to marketing and leasing. Entrata also has a mobile app that makes it easy to stay on top of your properties while on the go.
Features:
- A user-friendly interface that is easy to navigate
- Comprehensive property and tenant management tools
- Powerful financial reporting and accounting features
- The ability to track and manage maintenance requests
Price Plans:
- Entrata offers a price model that is unique to each customer for their product.
Summing Up
As a heavy property investor knows that managing a small business can be stressful and time-consuming.
It’s easy to feel overwhelmed by the responsibility of running your company, especially when you have multiple properties or employees.
Fortunately, there is lots of small landlord property management software available that can help you keep track of anything from lease agreements to inventory tracking.
Although it can be difficult to find the right fit for your needs, we’ve compiled this list of 13 small business property management software solutions that should get you started!
But if we talk about the best choice on the basis of needs and budget, Buildium is the ultimate option.
