Propertyware
3 Reviews 5/5 ★ ★ ★ ★ ★A rental property management software for single-family properties.
Product Overview
Propertyware is a property management software for single-family rentals. The system features accounting tools, tenant screening, maintenance management, and marketing solutions. It also offers a mobile leasing app, electronic payments, and owner and tenant portals.Pros
- New utility billing features
- Personalized customization options
- Tenant portal app available via mobile devices
- Has 2-way API
Cons
- $250/month minimum
- Website not included
- Customizing reports is tricky
Target Market
Residential rental property managers that lease single-family units.Not Recommended For
Commercial or multi-family property management companies. RealPage recommends Commercial Property Management for the commercial space or RealPage Onesite for the multifamily space.Key Features:
- Accounting: Provides a full suite of accounting tools, including accounts receivable and payable, bank reconciliations, and ACH payments to owners.
- Payment Processing: Offers various payment options for tenants, including online and cash payments.
- Marketing: Offers a complete marketing solution that enables property managers to control listings, prospects, and tenant applications.
- Maintenance Management: Offers a maintenance solution that covers the entire process from move-in to move-out, including photo documentation and billing.
- Owner and Tenant Portals: Provides 24/7 account access for both property owners and tenants.
- Customization: It allows users to create custom fields, dashboards, and reports and features an open API for integration with other systems.
- AI Screening: Has an AI-enabled screening for single-family rentals, which goes beyond credit scores to assess an applicant’s willingness to pay.
- Leases: Features a lease module that serves as a central hub for all lease-related information and includes features for tracking financial transactions and managing tenant relationships.
- Money In Tab: Provides an overview of all collected and bank-deposited funds. It includes features like Quick Collect for fast recording of tenant payments and the ability to calculate late fees efficiently.
Propertyware Pricing
Propertyware offers three plans for companies: The Basic, Plus, and Premium. Each plan has an implementation fee that costs roughly 2x the monthly subscription price.
- Basic: $1.00 per unit per month ($250 monthly minimum)
- Plus: $1.50 per unit per month ($350 monthly minimum)
- Premium: $2.00 per unit per month ($450 monthly minimum)
Product Overview
Developer Overview
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User Reviews of Propertyware
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- Real Estate
- 11-50 employees
- Annual revenue $1M-$10M
I've cut down the vacancy days from when it was ready to rented
Tremendous ROI. We took 20 days to rent a house when it was on the market. Now with the leasing center, it’s 10 days.
I can go out there and systemically review all my rent and make sure “Is the lead volume supporting my rent” and vice versa. That translated to a $250,000 increase for us in 5 months this year alone. I’m renting 12% more units this year compared to last with the same staff. I’ve cut down the vacancy days from when it was ready to rented. And we’ve cut down the days from when the tenant rented to when they move in. It’s been mindblowing.
A large reason for that is because of Propertyware
We needed something that could be a foundation. We couldn’t afford to have something now and 3 months from now have to change.
We’ve gone from 400 properties to 2,100 properties in the last 2.5 years. A large reason for that is because of Propertyware.
Now customers can pay online, from home, 24/7
Once they became tenants, the process of paying rent or paying monthly charges was very set back. People had to bring in a paper check and there was no other option. It really bogged down our accountant and bookkeeper as they had to go through those one by one and update our system.
Now customers can pay online, from home, 24/7, which speeds up our process. 90% of our tenants pay online and it has transformed our business.
