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11 Best Apartment Building Management Software Companies
Managing a single rental property is tough enough. Managing an entire apartment building substantially increases the complexity. Rent collection, lease renewal processing,...
As the market for DIY solutions expands, landlords searching for the best property management software in 2025 will have a wide range of options.
Some offer a wide range of free features, while others offer pricing tiers based on the number of units managed. Either way, choosing the best software for your needs is critical to starting on the right foot.
To help you along your journey, we examined the top property management software options available today, accounting for the breadth of features each software offers, its pros and cons, and reviews.
Marketing. Applications. Leases. Payments.
Marketing. Applications. Leases. Payments.
Landlords new to property management software might not see the value in a solution if they have to pull out a credit card just to use it. With TurboTenant, you can sign up for a free account to get a feel for the platform risk-free.
A free account gives you access to:
And with the landlord app, you can manage your properties on your phone while seamlessly communicating with your tenants from anywhere. It’s an easy way to stay connected and productive while on the go.
After experiencing the benefits of TurboTenant’s free version, you may upgrade to our Premium offering. With it, you’ll gain access to a comprehensive landlord forms pack, lawyer-reviewed leases for every state, and reduced ACH and tenant screening fees.
This cost-effective solution is a steal compared to hiring a property manager.
Property Management Software | Highlights |
---|---|
TurboTenant | Best All-In-One Property Management Software |
AppFolio | Ideal for Large Portfolios of Over 50 |
Buildium | Top Choice for HOA Management |
Landlord Studio | Solid Accounting-Focused Software |
Hemlane | Good for a Few Properties |
Baselane | Software Made for Financially Minded Managers |
Yardi Breeze | Great for Landlords With Multi-Faceted Portfolios |
RentRedi | Budget-Conscious Landlord Software |
TenantCloud | Good For Scaling a Portfolio |
Property Matrix | Ideal for Landlords Wanting a Customized Experience |
Stessa | Budget Friendly With Limited Features |
If you manage a large number of doors, the solution for you might be AppFolio.
You’ll see why after examining its Core tier. In the Core tier, each unit costs property managers $1.50 to manage, with a minimum monthly spend of $298. The cost includes access to:
Ultimately, however, AppFAppFolio focuses on providing software for large-scale property management companies that manage a range of property types, including multifamily, student housing, affordable housing, and commercial real estate.
To access affordable housing features, you’ll need to upgrade to the Plus or Max tiers. Plus starts at a minimum of $960 a month, and it includes access to advanced leasing metrics, corporate accounting, flexible reporting, and bulk actions.
To get everything AppFolio offers in the Max tier, you’ll have to spend $7500 a month minimum. For a deeper look at how TurboTenant compares to AppFolio, click here.
While AppFolio appears to focus on large-scale property management companies, Buildium seems to target small—and medium-scale property managers who work with HOAs and similar organizations.
The pricing tier reflects this distinction. Buildium’s Essential tier starts at $55 monthly and scales to $375/month for its Premium option. It’s a far cry from the upper levels of AppFolio’s pricing.
For the listed prices, landlords can manage up to 20 units. More units drive the cost up in every tier.
Once paid, investors who choose Buildium will find access to the most critical features included in the property management software segment.
Features you can expect include:
However, you’ll need to pay additional charges to access new client leads, and it costs $99 for each bank account you link.
Check out TurboTenant vs. Buildium for a detailed breakdown of these two best property management software platforms.
Landlord Studio might be a good fit if you want a company that emphasizes accounting in its core product.
That’s not to say LandLord Studio doesn’t offer a range of property management tools. You’ll find:
After looking over their feature set, you find what you’d expect from property management software, but it’s clear that Landlord Studio emphasizes accounting functionality.
In their Go tier, which is the entry-level, Landlord Studio includes a feature you won’t find in the others: a free GPS mileage tracker to help you calculate your mileage at tax time.
Upgrading to the Pro tier allows you to manage three units for $12 a month. Every additional unit costs a dollar. Most interestingly, LandLord Studio features automated bank syncing that automatically suggests expenses pulled from your bank account.
It’s not as much of an all-in-one solution as the others, but it’s worth a look if you’re a small landlord focused on accounting.
When discussing the best property management software on the market, it’s no surprise that Stessa would find its way onto this list.
Stessa offers many of the features you’d expect in landlord software, like:
Like some other platforms, Stessa offers some of its features only to paying tiers, but there is a free option for landlords who want to try it out. The free tier lets landlords collect rent, advertise vacant units, and access basic customer support when issues arise.
The Manage tier costs $12 to $15 per month (depending on whether you pay annually or monthly). It provides access to one e-signature monthly, more robust tax reporting features, and priority customer support. Upgrading to the Pro plan, which costs $28 to $35 per month, gives you access to the full suite of tools Stessa offers within its dashboard.
Hemlane has been around for a while and has earned a reputation for providing a wide range of features to a sizable customer base.
Hemlane offers users:
With that long list of features, Hemlane could easily be considered one of the market’s best property management software platforms. The biggest concern with Hemlane, however, is the pricing.
While the free tier allows landlords to advertise on up to four listing sites, screen tenants, and perform some rental accounting tasks, most of the features are available in the paid tiers.
The Basic tier costs $30/month for one unit, which breaks into $2 per unit plus a base fee of $28. This option adds lease tracking, online rent payments, and maintenance tracking.
The next offering, Essential, starts at $48/month for one unit ($20 per unit plus a $28 base fee) and adds state-specific leases and additional maintenance features.
Finally, the Complete plan includes everything in Basic and Essential, plus it adds repair coordination services, access to vetted vendors, and a local leasing agent. This option costs at least $96/month ($68 per unit plus $28 base fee).
For property owners that are entirely financially focused, Baselane could be an option to consider. Baselane is explicitly designed for landlords to manage their property investments, integrating banking, accounting, and rent collection into one platform.
Baseline doesn’t charge a monthly fee. Instead, the company charges users for certain individual features, like mailed checks and checkbooks or ACH fees for rent collection (which the tenant pays).
Yardi is known for its extensive services that go beyond residential property management, spanning multiple areas of real estate investing and management. Its property management software, Yardi Breeze, offers a variety of features for landlords, including:
While Yardi as a company offers many more services than some of the platforms on this list, landlords with a diverse portfolio of owned properties could find Yardi a viable solution to keep everything contained in one place.
In terms of pricing, Breeze starts at $1 per unit, with a minimum monthly spend of $100. The Premier tier, which adds more features, also costs $1 per unit but has a higher minimum monthly spend of $400.
RentRedi is not only one of the top property management companies in the marketplace, it’s also one of the most affordable. Unlike others on this list, RentRedi offers a flat pricing model, along with features like:
While there’s no free option, users immediately gain access to all features when they pay for the service. The only option is the length of the contract. Monthly users are charged $29.95. If landlords pay for six months upfront, they pay $20 monthly or $120. Finally, users pay $12/month or $144 a year if they pay for an entire year.
TenantCloud touts itself as an all-in-one solution for your property management needs. And with a free 14-day trial, landlords can check out its features, which include:
TenantCloud has proven itself among the top property management software solutions. Its strong tenant management feature and lead focus ensure your units are always full of qualified tenants.
There are four pricing tiers: Starter, Growth, Pro, and Business. When billed yearly, they cost $17/month, $32/month, or $55/month. To find the pricing for their Business tier, contact TenantCloud directly.
While Property Matrix may be the most expensive option on this list, it also stands out as highly customizable and unique. Property Matrix strongly emphasizes flexibility in meeting its users’ business needs, which qualifies it for this list of best property management software companies.
You’ll gain access to features like:
As mentioned, Property Matrix’s features don’t come cheap. Standard plans start at $450/month for up to 250 units, Ultimate plans start at $550/month for up to 250 units, and Enterprise plans start at $1400/month for up to 800 units. The higher-tier plans include more features, including support for commercial properties, and all tiers provide unlimited phone support.
We think TurboTenant is the best property management software because it offers landlords a wide range of tools for a low price. Landlords can market their properties, collect rent, send digital rental applications, and screen tenants for no out-of-pocket expense.
Then, TurboTenant’s Pro or Premium tiers unlock even more functionality for a fraction of the price of some of our competitors. In an industry where saving money in the short term drives long-term success, TurboTenant will help you every step of the way.
So, manage your properties yourself for a fraction of the cost with TurboTenant. Sign up today!
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