Best Management Software: Appfolio, Propertyware, Buildium, or..?

Question

Hey guys, Through my research, I see that Appfolio, Propertyware, and Buildium are the 3 biggest landlord property management softwares. From what I gathered, Buildium is cheaper but can't handle as many properties (not sure why?)....My most important things are:

- Easy to use, understand, and stay organized on (nothing too complicated where it becomes a burden rather than an asset).

- One that provides great reports of profit/loss and any invoices coming in and out

- One that can handle 70 properties but can grow with you. 60 of the properties are residential homes but about 10 are multi-family (need to be setup little differently because of shared utilities/space) and couple of commerical ones.

Would love to hear your thoughts especially from those who can relate or have used any of these.

Brian Karlow · Answer

Johnny

Great post and solid job on narrowing down some of the key features.  I am in the same position right now evaluating PM software so any feed back form others on this is very appreciated!

What accounting functions do most landlords seek to have available in their software? (monthly/annual P&L statements, annual property operating data, rent roll, others?)

Have a great day!

Kim Meredith Hampton · Answer

@Johnny Youssef I use AppFolio, and have done so since 2009. I manage just under 1000 homes in three different markets. I have mostly residential, but have some multi family, as well as some small commercial. The system  can handle all of those with no problem. Makes my life a lot easier, efficient and not difficult to operate. They offer great support. The accounting piece can be a little overwhelming at first, but once you get it, you'll wonder how you ever lived without it!!!

They do have a 100 unit minimum you pay for regardless if you have 5, 10 or 50. You will grow into the program