The best rental property management software offers 🌠a dynamic list of features that allow user☂s to market their properties, tackle tenant requests, prepare tax documents, and perform a host of other tasks.
After researching 15 popular rental property management software providers based on costs, usability, features, and other key criteria, Investopedia’s full-time research and editorial staff determined that the best rental property management software is Rent Manager because of its wide range of manageable property types, abundant propert𒁏y management and marketing features, numerous integrations, and more.
Best Rental Property Management Software of 2025
- Best Overall: 澳洲幸运5官方开奖结果体彩网: Rent Manager
- Best Free Option: 澳洲幸运5官方开奖结果体彩网: TurboTenant
- Best for Mixed Property Portfolios: 澳洲幸运5官方开奖结果体彩网: Buildium
- Best for Advanced Features: 澳洲幸运5官方开奖结果体彩网: AppFolio
- Best for Single-Family Homes: 澳洲幸运5官方开奖结果体彩网: Propertyware
- Best Budget-Friendly Option: 澳洲幸运5官方开奖结果体彩网: SimplifyEm
- Best for Commercial Property: 澳洲幸运5官方开奖结果体彩网: MRI Software
Best Overall : Rent Manager
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Rent Manager
- Who Should Use It: Residential and commercial real estate managers, mixed real estate managers
- Free Trial: No (free demo only)
- Cheapest Plan (Per Month): $200
Rent Manager is Investopedia’s choice as the best overall rental property management software because it provides a vast array of integrations, and an industry-leading selection of 澳洲幸运5官方开奖结果体彩网:property management and marketing features for customers to employ across a diverse list of property types.
Feature-rich and highly versatile offering
Highly customizable
Numerous customer support methods
Abundant integrations available
Relatively high pricing
Some customer support complaints
No free trial period
Rent Manager is a product of Cincinnati, Ohio-based London Computer Systems (LCS), which got its start in 1988. The company has over 500 employees developing creative software solutions. Designed for property managers overseeing everything from single units to large portfolios, Rent Manager offers a powerful, all-in-one platform that str♔eamlines customers’ operations.
What sets Rent Manager apart is its customizable interface and robust feature set. With critical fea🐼tures that allow users to market their properties, prepare taxes, manage tenant requests and screening, perform billing tasks, and so much more, managers literally have everything they need conveniently packed into a single platform. It also integrates with third-party apps and offers an open API for an even greater flexibility. Rent Manager is cloud-based, but users can also select an on-premise solution, making it one of the few property management platforms with such adaptability.
Price package minimums are among the highest of all the platforms we reviewed, but that’s not entirely surprising given the software’s robustness. Pricing is also customizable based on the size of the portfolio and features selected, with quotes available upon request. While Rent Manager does not offer a free trial, prospective users can request a platform demo. Rent Manager’s scalability and feature depth make it a gr🐓eat fit for landlords and property managers handling diverse rental portfolios, hence, the company rightly st🥀ands out as our best overall rental property management software.
Best Free Option : TurboTenant
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TurboTenant
- Who Should Use It: Landlords with multiple residential units seeking seamless integration from lead generation to check out
- Free Trial: Unlimited free access, no trial for premium tiers
- Cheapest Plan (Per Month): $0
TurboTenant is Investopedia’s top choice for landlords seeking a free rental management package be🤡cause of its free pricing model that passes all of its costs on to the tenants.
Free version allows for unlimited units
Ideal for DIY landlords
Unlimited free access
Advanced features are relatively limited
Fees charged for optional services
No trial for premium tiers
With over 700,000 landlords using TurboTenant, this easy-to-use, cloud-based software has built a solid reputation since launching in 2015. Unlike many rental property management platforms that offer🦩 free trials with restrictions, TurboTenant is completely free for landlords—no limits on the number of units or tenants. While some free platforms can be clunky, TurboTenant keeps things simple with an intuitive interface.
So, how does TurboTenant make money? Its fees are passed on to tenants who pay a $55 fee for application and screening, a 3.49% fee for credit card rent payments, and an optional renters insurance fee starting at $11/month. TurboTenant also markets extras to landlords, like state-specific lease agreements for $59 or a bundle of 32 landlord forms for $199.
TurboTenant delivers a streamlined process, providing landlords with access to critical functions like managing applications, screening tenants, working through state compliance issues, handling online rental payments and maintenance requests, verifying incomes, and creating custom listing pages. Ultimately, by collect💖i🐲ng and keeping the screening fee that tenants pay when they apply to properties, TurboTenant is able to offer a capable, feature-rich package at no cost to landlords.
Best for Mixed Property Portfolios : Buildium
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Buildium
- Who Should Use It: Association and residential managers and owners with mixed portfolios seeking a one-stop shop for a variety of needs
- Free Trial: 14 days
- Cheapest Plan (Per Month): $58
With the ability to set custom rules for an unlimited list of property types, remote functionality, and a wide selection of available services, Buildium is the best choice for those needing to manage a mixed-property portfolio.
Tenant portal offerin♓g streamlined rent collection
Abundant training materials
Available 14-day trial
Wide range of integrations
Relatively expensive high-end pricing
Not a fit for single-home property managers
Back in the early 2000s, Sapient alumnus Michael Monteiro and Dimitris Georgakopoulos started a rental property business and quickly realized they needed good software to manage everything efficiently. That led to the launch of Buildium in 2004. Today, it’s an end-to-end property management platform trusted by over 16,000 property managers to handle everything from online rent collection to maintenance tracking, vacancy management, and accounting.
Buildium si🌠mplifies property management with an intuitive interface and integrations with big names like OJO Bookkeeping, PestShare, STAN AI, Page Per Page, Purchasing Platform, ShowMojo, and numerous others. In fact, considering Buildium’s available API, users can theoretically connect with any compatible platform.
The software also offers a tenant portal for online payments, making rent collection far more efficient. While there’s no free plan, you can test it out with a 14-day free trial. Pricing starts at $58 per month for the Essential plan, w🐻ith costs per unit decreasing as you scale. Plus, those who select to pay annually get a 10% discount.
Although Buildium is user-friendly, there might be a bit of a learning curve for any newcomers to the property management software space. To help, Buildium offers customer assistance via chat, emai🃏l, and phone, between 9:00 a.m. and 8:00 p.m., Mo🏅nday to Friday. Overall, if you want a solid, feature-packed tool to manage your mixed property rentals, Buildium is a strong choice.
Best for Advanced Features : AppFolio
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AppFolio
- Who Should Use It: Landlords with mixed portfolios seeking a one-stop shop covering a variety of needs
- Free Trial: No (free demo only)
- Cheapest Plan (Per Month): Must call for a quote
AppFolio’s software is the best for landlords in search of advanced features because it comes with 24/7 customer support, the ability to manage projects remotely, provides end-to-end marketing and leasing features, and more.
Supports a variety of property types
Multiple forms of customer service
Not suited for a small portfolio
No free trial period
Since its founding in 2006, AppFolio has been on a mission to help landlords manage properties. Today, AppFolio is a NASDAQ-listed company (under ticker APPF) with over eight million units managed through its platform.
Property management software was AppFolio’s first product, and the company has been perfecting it ever since, ensuring that landlords who want to run their business remotely have every tool they need. The software supports all types of properties including residential, 澳洲幸运5官方开奖结果体彩网:commercial, student housing, and community a♈ssociations, with features tailored to each. There are three package tiers for residential landlords to choose from: Core, Plus, and Max. In order to uncover how much these packages will cost, prospective customers need to contact the company for a quote.
With a wide-ranging list of features for managing taxes, properties, billing, maintenance, and marketing, AppFolio covers everything a landlord needs. The platform takes the critical tasks even further, offering an AI-powered leasing assistant, professional property webℱsites, premium leads, tenant screening, insurance tracking, 🐎online payments, a maintenance contact center, automated accounts payable, and even tenant debt collection services. For managers with multiple properties who need a feature-packed solution, AppFolio is our top pick.
Best for Single-Family Homes : Propertyware
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Propertyware
- Who Should Use It: Landlords renting single-family homes seeking high software customization
- Free Trial: No (free demo only)
- Cheapest Plan (Per Month): $250
Propertyware is Investopedia’s top choice because its software, built with single-family home landlords in mind, offers unmatched customization amongst its direct competitors.
Allows to manage large portfolios
Has a mobile app
Multiple pricing tiers
No free trial period
Suitable for large portfolios only
Monthly fee
Propertyware, a subsidiary of RealPage, specializes in single-family home property management. Founded in 1998 in Texas, RealPage has expanded globally, and Propertyware’s leadership team brings over 20 years of real estate experience.
Built by people who truly understand the industry and designed specifically for single-family rentals, Propertyware keeps things simple, meaning commercial landlords won’t be bogged down by unnecessary features.🥀 The platform is straightforward yet powerful and covers everything from online rent collection and accounting to maintenance requests, tenant screening, web design, and lead tracking. You’ll also get listing syndicatio♒n, leasing agent support, and even a vendor portal.
The company offers its product across three pricing tiers: Basic, Plus, and Premium. Pricing for the Basic plan starts at $1 per unit per month, followed by $1.50 per unit per month for Plus, and $2 per unit per month for Pꦅremium. Monthly minimums of $250, $350, and $450, respectively, also apply, The math behind the pricing means that Propertyware is most cost-effective for landlords managing at least 250 properties.
Unlike some platforms that integrate with third-party services, Propertyware mostly keeps things in-house for marketing, lead generation, and tenant screening. However, it does integrate with DocuSign for lease signing. All told, Propertyware offers powerful, scalable pr🍸o🃏perty management tools for single-family landlords looking for a straightforward solution.
Best Budget-Friendly Option : SimplifyEm
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SimplyEm
- Who Should Use It: Small portfolio holders seeking all-in-one rental property management software
- Free Trial: 15 days
- Cheapest Plan (Per Month): $4
At just $40 for landlords managing 10 properties or less, SimplifyEm’s user-friendly design and feature-rich offering make it the top choice.
Supports one to 2,000 units
Designed by real estate professionals
Offers advanced features
Not s🐷c🐈alable for portfolios larger than 2,000 units
Customer support hours are not disclosed
Headquartered in Fremont, California, SimplifyEm utilizes the latest in user experience and web technology to make life easier for busy real estate professionals. With clients across the U.S. and Canada, the platform is used to manage ovꦕer $42 billion in property assets.
SimplifyEm is equipped to handle large portfolios up to 2,000 units; however, it’s best suited for landlords with a small number of properties. Property managers with up to 10 units can keep their costs as low as $40 per month. Pricing scales up from 🏅there, with $50 charged for 20 units, $60 for 30, $75 for 50, $95 for 75, $115 for 100 units, and $10 for every additional 10 units beyond that. The company also offers a free trial period of 15 days, with no credit card required.
This platform is designed for independent landlords, so users don’t need to be property management pros to use it. Every plan includܫes email and phone support, plus features like income and expense tracking, tenant and lease management, renters insurance, and more. If you’re looking for a straightforward, affordable way to manage your rentals, SimplifyEm is a solid choice.
Best for Commercial Property : MRI Software
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MRI Software
- Who Should Use It: Large enterprise owners of commercial properties
- Free Trial: No (free demo only)
- Cheapest Plan (Per Month): $126
MRI Software does the best job of making the complex business of managing commercial property easier by delivering powerful features like investment management, strategic planning & analysis, lease abstraction, space management, and more.
Multiple advanced features included
Long history of reliability
Easy-to-use
You need to contact the company to get a price q༒uote
No free trial period
MRI Software began providing property management services back in 1971, before evolving into a powerhouse of cloud-based software and mobile apps. Headquartered in Cleveland, it serves over 45,000 clients across 170+ countries, backed by a massive network of 400+ partners.
While MRI supports both commercial and 澳洲幸运5官方开奖结果体彩网:residential properties, it truly shines in the commercial sector. Simply put, MRI was bu🤪ilt to handle the complexities of managing commercial real estate properties with features like investment reports, strategic planning, and high-level analytics. For smaller landlords, MRI might not be the ideal choice since they may need to pay for features they won’t use. For businesses with multiple properties, however, 🦹it’s a one-stop shop for everything from online rent collection to investor relations.
With prices starting at $126 per month, MRI goes on to use what it calls a “property tree” method for setting customized prices to suit each client’s specific needs. That means you’ll need to contact the company to get a quote. Unlike some of its competitors, there is no free trial available. However, pr𝐆ospective customers can request a platform demo. While this might 🤪feel like a hassle, many commercial property managers on GetApp and Software Advice say the tailored pricing makes it a solid value. If you’re handling a serious real estate portfolio, MRI’s robust tools might just be worth the extra step.
Why You Should Trust Us
Investopedia has been helping readers find the best tools and platforms for managing their finances since 1999. Investopedia’s team of editors and research analysts evaluated 15 rental property software companies based on 18 criteria that are critical to helping individuals and organizations manage an assortment of rental properties. We used this data to review each software provider for marketing features, tenant screening♌ capabilities, pricing, and other key items to provide unbiased, comprehensive reviews and ensure our readers make the right decision for their investing needs.
Our research and ratings are entirely independent, with no influenc♌e from advertising partnerships, and our full-time team of expert writers and editors aim to be unbiased to ensure you’re getting the best recommendations when looking for a rental property management software product. Investopedia’s staff editors, research analysts, and compliance managers work hard every business day to keep this article up to date and accurate by monitoring product changes on rental property management software provider websites and making changes to our content as needed.
🐠How We Chose the Best Rental Property Management ⛎Software
Investopedia is dedicated to providing investors with unbiased, comprehensive reviews and ratings of rental property software. Our ratings of the best rental property software providers are based on our own proprietary research of four categories and 18 criteria that are critical when choosing the right tools for managing rental properties. The followinꦬg category weights were used to rate each platform:
- Management Features: 40.00%
- Amenities: 30.00%
- Pricing: 20.00%
- Customer Support: 10.00%
We used this data to develop a comprehensive rubric for evaluating eight rental property software companies based on their pricing, features, amenities, and other key criteria, to help our readers choose the right rental property software. For each company, Investopedia's team of researchers and full-time editorial staff analyzed data obtained directly from company websites and representatives. Our data collection and scoring process ran from Feb. 16 to Feb. 19, 2025.
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