Property Management Software Comparison: Top 8 Picks of 2024

If you’ve been looking into rental property management software for a while, you probably have a million different features running through your head.

• Accounting: Need, need, need.
• Maintenance management: Yes, please.
• Leasing tools: YES!
• Automatic rent payments: Do you even need to ask?

The problem comes when you need to compare all these leading property management software tools together to find which is the best fit for you.

Fortunately, we’ve put together a guide designed to do exactly that.

Below is a property management software comparison that compares 8 of the best property management tools of 2024.

Our hope is that this guide will help property owners and managers in making a decision about what property management tool they believe is the best for them. If you're still on the fence afterward, we definitely recommend looking at property management software reviews.

Disclaimer: This post highlights certain features on each platform. This does not mean the other platforms do not have those features. Please do your own research before making any conclusions.

Property Management Software Comparison: Top 8 Picks of 2024

Below, we’ve compared eight of the best property management software based on a variety of metrics. Most notably:

• Features
• Ease-of-use
• And pricing

If you're more of a visual learner, be sure to check out our YouTube video, too!

Here are our top eight picks for property management software in 2024:

1. Rentec Direct

Rentec Direct is a property management software with a balance of features and strong accounting tools.

They offer both a desktop and mobile version of the software for ease of access as well, though users report that the UI is dated and it can be hard to navigate.

Rentec Direct features:

• Online rent payments
• Good accounting features
• Maintenance management, allowing you to manage maintenance requests

Rentec Direct pricing

Rentec’s starter plan is $45 per month for up to 10 units, though you can upgrade to their $65 per month plan for up to 50 units or $550 per month for up to 500.

2. Propertyware

Propertyware offers a good set of accounting features, including in-depth reporting and automatic rent payments.

It’s a great option if you’re looking for help with your property accounting, though it’s designed for those with 250+ properties. If you have less than that, you’ll be paying much more for the same features.

Propertyware features:

• Robust accounting suite, including reporting and online rent payments
• Tenant communications
• Maintenance management

Propertyware pricing

Propertyware’s pricing is $1 per unit per month, though that comes with a $250 minimum. In other words, even if you have less than 250 properties, you’ll still be paying $250 monthly.

3. Hemlane

Hemlane is among other property management software available for you if you’re looking for a slightly more hands-on approach.

It offers a good range of features, in addition to a few based on helping property managers and landlords with in-person tasks, such as connecting with local agents for unit showings via their agent match feature.

However, it’s also one of the most expensive options on this list. So unless you specifically want or need such features, other options will offer comparable features at a far lower price tag for a few properties.

Hemlane features:

• In-person support features
• Maintenance management
• Automatic rent payments

Hemlane pricing

Hemlane’s starter plan is $30 per month for one unit, along with a pricey $2 per month after the first. For example, if you have 20 properties, you’ll pay $68. If you have 50 properties, you’ll pay $128.

4. Appfolio

Appfolio is a well-rounded property management tool for both residential and commercial properties with a few unique features, such as smart bill entry.

However, you’ll pay a higher-than-average price for those features, as it comes with a $250 monthly minimum.

Appfolio features:

• Automated late fees
• Good reporting tools
• Owner and tenant portals
• Smart bill entry

Appfolio pricing

Appfolio offers anywhere from $1.40 to a higher-than-normal $3.00 per unit per month. However, they have a $250 minimum monthly payment, making it one of the lease budget-friendly options on the list if you have less than 250 properties.

5. Buildium

Buildium is another well-rounded option with a large set of features.

Buildium features include but are not limited to:

• Tenant portal
• Owner portal
• Maintenance management
• Expense tracking

Buildium pricing

Please visit Buildium’s website to see their latest prices and packages.

6. TenantCloud

TenantCloud is unique among the options on this list for one main reason: they offer a 100% free plan (and up to 75 units, no less).

However, if you think you’ll be getting the same set of features as the other options on this list, don’t be so sure.

While their free plan is a great place to start, if you want to get many (though not all) of the features you’d expect from a property management software, you’ll need to invest in their paid plans.

TenantCloud features:

• Basic accounting features such as reporting
• Online rent payments
• Maintenance management

TenantCloud pricing

TenantCloud offers a free plan of up to 75 units. However, it doesn’t come with many of the features typical in the other property management tools on this list.

Their basic paid plan is $12 per month for a few additional features up to 150 units, though that plan still has its own limitations.

7. ResMan

ResMan is a property management tool that is particularly useful for multifamily properties.

It offers some unique insurance management features as well as leasing tools and the ability to post late notices to tenants' dashboards.

However, users report that it’s rather limited compared to other property management tools and several important features are gated behind higher-tier plans.

ResMan features:

• Late fee calculator
• Automatic rent payments
• eLease tools

ResMan pricing

ResMan doesn’t list their pricing publicly, so you’ll need to contact their sales team to get more information on their pricing plans.

8. DoorLoop

DoorLoop is an all-in-one property management software that offers a robust set of features with incredible ease-of-use for both commercial properties and residential properties.

If you’re looking for:

• The peace of mind you can get from property management services streamlining and simplifying your property management efforts
• In a lightning-fast and easy-to-use package
• Streamlining cash and online rent payments
• With competitive pricing

Check out DoorLoop.

But don’t take our word for it, check out this impressive list of features:

DoorLoop features:

• Robust accounting suite: Everything you need to manage all your property accounting in one place, no difficult QuickBooks workarounds necessary.
• QuickBooks integration: Rather integrate with QuickBooks and use it? You can do that too.
• Convenient tenant portal: Communicate with tenants, collect rent online, and even send in maintenance requests all from within the app.
• Invaluable maintenance management features: Speaking of maintenance, edit those requests with attachments, send them to vendors, pay those vendors, and even communicate with tenants on those requests simply and easily.
• A plethora of leasing tools: Get access to automatic listings, leasing templates, and background checks (to better screen tenants), which will make the entire process more streamlined.
• And much more

DoorLoop pricing

DoorLoop’s starter plan comes in at just $59 per month for up to 20 properties.

Schedule a free DoorLoop demo today!

Get the best in property management software

Whether you choose to take advantage of DoorLoop’s:

• Incredible list of features
• Ease-of-use
• Stellar customer service
• And competitive pricing
• Or another option on our list

We hope this comparison helped you in deciding which tool is best for you.

Property management software can truly transform how you manage your properties, and save you both time and money.

Want to compare more property management software systems? Download this free whitepaper to get the inside scoop on the most popular picks!