17 Best Property Management Accounting Software Picks For 2024

Rent Manager is a comprehensive property management software with a solid list of features. It offers full-featured accounting with exceptional AR and AP processes—as well as ample marketing, listing, and screening tools to run the day-to-day operations of property management.

Why I picked Rent Manager: I selected Rent Manager because it has excellent AP and AR processes to help finance teams work more efficiently. The platform allows you to designate categories for everything coming in (rent, late fees, storage, parking, etc.) and going out (repairs, maintenance, licensing fees, taxes, etc). Once set up, the additional context adds insight to your financial reports and gives you a better understanding of your financial performance.

Rent Manager Standout Features and Integrations:

Features include a complete accounting system, with advanced features like the ability to run in cash and accrual accounting modalities simultaneously. The platform can also generate over 450 unique financial reports for owners, stakeholders, and authorities.

Integrations include AmRent, Lease Track, Butterfly MX, Apartment List, and Experian.

Appfolio is a leading property management software that serves as an all-in-one platform for both residential and commercial managers. Its software is feature-rich and leans heavily on artificial intelligence (AI) and machine learning (ML) to automate certain workflows and provide data-driven insights.

Why I picked Appfolio: I selected Appfolio because of its extensive use of AI/ML to drive efficiency across property management operations. I also like their performance insights to compare year-over-year, budget to actuals, etc.

Appfolio Standout Features and Integrations:

Features include smart bill entry that scans PDF invoices for key data to import to Appfolio, automated AP, automated late fees, and an AI leasing assistant. You also have a vendor portal, tenant portal, and owner portal that help you customize and automate your communication with each one.

Integrations include ButterflyMX, CondoCerts, Knock, Lowes, NetVendor, and PetScreening.

Buildium is a property management software designed to help managers organize and handle just about every aspect of their business. Its dashboards serve as an overview of your entire operation, from outstanding rent to total door listings and tenancy rates.

Why I picked Buildium: I selected Buildium because it covers all the bases. From the accounting side, Buildium connects directly to bank accounts at most major financial institutions to help you track rent payments automatically. It also has built-in payment processing features for ACH payments and credit card purchases to help manage your accounts payable and vendor management. It even lets you accept cash payments through a partnership with PayNearMe.

Buildium Standout Features and Integrations:

Features of Buildium include built-in payment processing (ACH, credit card, cash) and automatic bank syncing/reconciliation, which combine to make tracking rent payments much easier. It also has a slick resident portal, which makes it easier for tenants to request maintenance, make payments, and manage lease agreements. By handling these more mundane tasks Buildium allows managers to focus on higher-value activities.

Integrations include Obligo, LeadSimple, Tenant Turner, PetScreening, Gravy, Hunter Warfield, and more.

TenantCloud is an affordable property management software that has basic accounting features built-in. It’s generally best when paired with external accounting software, but it can be sufficient on its own for simpler operations.

Where TenantCloud shines is on the business side of property management: It’s great for listing available units to dozens of listing sites automatically, screening tenants, collecting rent, and more.

Why I picked TenantCloud: I selected TenantCloud because it’s one of the most affordable platforms on the market, with plans from just $15.

TenantCloud Standout Features and Integrations:

Features include many listing and marketing tools, like the ability to automatically add listings to dozens of listing sites. TenantCloud also helps with generating and managing tenant leads and running tenant screening reports.

Integrations include QuickBooks, Stripe, Zillow, and Google Calendar.

MRI Commercial Management is a property management software tailored to the needs of large investors and commercial real estate managers. It focuses on leasing tools, lease flow monitoring, and advanced intelligent reporting and monitoring tools.

Why I picked MRI Commercial Management: I selected MRI because of its focus on commercial real estate (most tools on this list can support commercial properties, but few have a feature set as rich as MRI’s).

MRI Commercial Management Standout Features and Integrations:

Features include lease flow CRM to manage the entire property lifecycle (and gain greater visibility into your leasing pipeline, helping to improve occupancy rates), and Secure Sign to manage and sign digital commercial real estate documents electronically.

The AI-powered Lease Intelligence can analyze commercial lease data. It helps you manage lease agreements and other contract documents by analyzing breakpoints and checking calculations and other key lease clauses.

Integrations include AmRent, ApartmentFinder, Experian, HappyCo, Knock, and Obligo.

Stessa is a rental property management software that offers a diverse range of features. It focuses on all the aspects that are most important for property management: Tenant screening, rental applications, rent collection, insurance, landlord banking and payments, and accounting.

Why I picked Stessa: I selected Stessa primarily for its impressive reporting and business intelligence features. Its customizable dashboards can help managers monitor portfolio performance and optimize business operations. Plus, the advanced tenant screening features help you make more informed decisions about who you’re renting to by checking credit reports, income verification, and screening applicants for any outstanding judgments or liens.

Stessa Standout Features and Integrations:

Features include advanced reporting capabilities to create income statements, cash flow reports, and real-time balance sheets. Stessa has a Cash Management feature that allows you to set up checking accounts tied to each of your individual properties, helping to simplify expense tracking and produce more accurate and up-to-date financial reports.

Stessa is in the process of making further advancements to its Cash Management feature to streamline one of the most time-consuming aspects of property management: collecting rent from tenants. The update will allow residents to set up recurring rent payments online—so residents avoid late fees and you save your team a lot of time.

Integrations include Appfolio and PropertyWare.

Proper.ai is very different from any other product on this list. It’s not so much software as it is a professional service. Proper.ai offers professional accounting services with a specialty in property management—meaning you’re paying for one-on-one help with a real human accountant rather than a software solution. Proper’s experts come from industry backgrounds and are specifically trained to handle the unique variables of property management accounting.

This approach is more costly, but it can still be cost-effective for larger managers. Proper.ai recommends their service to firms managing 250+ units.

Why I picked Proper.ai: I selected Proper.ai because it’s unique in offering one-on-one accounting and bookkeeping services from real human accountants (who are genuine industry experts).

Proper.ai Standout Features and Integrations:

Features include one-on-one accounting support from real experts (who have backgrounds with firms like Appfolio and Yardi). Proper.ai is like hiring a bookkeeper that specializes in property management.

Integrations include manual integration with internal systems (Proper.ai is a service, rather than software—but their experts can gather data from many existing business systems and tools).

Doorloop is a full-service property management software tool, covering everything from tenant screening to payment collection to accounting.

Why I picked Doorloop: I picked Doorloop primarily because of its ease of use. The app’s design is slick and responsive on any device, and the tenant and owner portal versions are simplified enough to not confuse users who are less tech-savvy.

Doorloop Standout Features and Integrations:

Features of Doorloop include a built-in CRM and tenant portal for all-in-one management, an intuitive owner portal, a simple UI with responsive design, and marketing features that help you find tenants and schedule showings.

It’s very easy to use, whether you’re accessing the manager portal, owner portal, or tenant portal. It gives you lots of ways to automate and customize your text and email communication with tenants and owners. The dashboards only show you what’s necessary, without unnecessary clutter.

Integrations include Zillow, Trulia, Quickbooks, Asana, DeskAI, Slack, Zoom, Dropbox, Google Drive, Evernote, Gmail, Outlook, DocuSign, Salesforce, RingCentral, and Expensify.

Hemlane is a property management tool that covers leasing, tenant placement, lease tracking, and rent collection. It’s primarily designed for smaller portfolios (1 to 100 properties), and in fact, its pricing structure makes it a bit more expensive for large firms (but a pretty good value for smaller operations).

Why I picked Hemlane: I selected Hemlane because they offer managed repair and maintenance coordination services. Essentially, Hemlane’s admin team finds licensed professionals in your area to complete tenant repair requests and handles all the coordination for you.

Hemlane Standout Features and Integrations:

Features include managed repair coordination, extensive marketing and leasing tools, one-click advertising to the 30 top listing websites, and simple online rent collection.

Integrations include Zillow Rental Manager, Stripe, and BetterCapital.

Yardi Breeze is a cloud-based property management and accounting software that makes it easier for individual managers and small firms to manage their properties. It’s specifically designed to be simple to use, even for beginners and non-technical users (another product from the same company, Yardi Voyager, is a more advanced, connected solution for larger managers). Plus, it has specialized applications for different property types, including residential, commercial, self-storage, and affordable housing.

Why I picked Yardi Breeze: I selected Yardi Breeze because of its intuitive UI and its responsive cloud-based design for cross-platform compatibility.

Yardi Breeze Standout Features and Integrations:

Features include specialized applications for unique property types (commercial, self-storage, affordable housing, etc.), each of which offers features specifically tailored for those industries. For instance, the self-storage application has extensive promotion/discount management tools, as well as the ability to track non-unit rentals like boat and RV storage in defined lots.

Integrations include QuickBooks, Condo Control, Nexus, and Butterfly MX.