18 Best Real Estate ERP Software Reviewed in 2024
Best Real Estate ERP Software Shortlist
Here’s my pick of the 10 best software from the 18 tools reviewed.
Our one-on-one guidance will help you find the perfect fit.
An enterprise resource planning (ERP) system can be invaluable to the real estate industry, helping teams to streamline operations and manage client relations. But with so many real estate ERP software options available, it can be challenging to find the right solution. To help you get started, I used my extensive experience in ERP software to test and compare several of the top solutions on the market.
Regardless of your company size or unique business needs, I’m sure that you’ll be able to use my in-depth reviews to help you find the ideal real estate ERP software for your team.
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Best Real Estate ERP Software Summary
| Tools | Price | |
|---|---|---|
| NetSuite | Pricing upon request | Website |
| Buildium | From $50/user/month | Website |
| Brokermint | From $99/user/month (billed annually) | Website |
| Focus | Pricing upon request | Website |
| Odoo | From $24.90/user/month (billed annually) | Website |
| Openkoda | Pricing upon request | Website |
| Binary Stream | Pricing upon request | Website |
| Wisp | Pricing upon request | Website |
| Prism | Pricing upon request | Website |
| Ramco | Pricing upon request | Website |
Compare Software Specs Side by Side
Use our comparison chart to review and evaluate software specs side-by-side.
Compare SoftwareHow to Choose a Real Estate ERP Software
As you work through your own unique software selection process, keep the following points in mind:
- Scalability and Customization: Make sure to choose a software that can scale with your business growth and offers customization options to fit your specific operational processes. For example, a small property management company might need basic lease tracking initially but may require advanced financial reporting as it expands.
- Integration Capabilities: Your real estate ERP software should seamlessly integrate with other tools and systems you already use, such as CRM, accounting software, and marketing platforms. This ensures a smooth flow of information and avoids data silos.
- User-Friendliness and Training: Your chosen software should be intuitive and easy to use for all team members. Additionally, consider the availability of training resources and support to help your team get up to speed quickly. A user-friendly interface reduces the learning curve, while advanced training ensures that everyone can maximize the software’s potential, enhancing overall productivity.
- Comprehensive Reporting and Analytics: Effective real estate management relies on insightful data and analytics. Choose a software that offers detailed reporting capabilities, enabling you to track key performance indicators, monitor market trends, and make data-driven decisions.
- Compliance and Security: Real estate transactions involve sensitive information, making compliance and security paramount. Ensure the software adheres to industry regulations and provides strong security measures to protect your data. Features like role-based access controls, encryption, and regular security updates are important for safeguarding your information against breaches and ensuring compliance with legal standards.
By considering your specific needs, evaluating key features, and comparing options, you can find a solution that enhances your property management, customer satisfaction, and overall portfolio.
Best Real Estate ERP Software Reviews
This section provides an in-depth analysis and overview of each real estate ERP software. Below, I will walk you through the pros and cons of each tool, their features, and their best use cases.
NetSuite is a comprehensive, cloud-based business management platform designed to integrate various business functions through its extensive suite of applications.
Why I picked NetSuite: As an ERP software for real estate businesses, NetSuite excels with its robust financial management features. This includes tools such as general ledger, accounts payable and receivable, budgeting, forecasting, and accurate financial reporting. The advanced billing engine and revenue recognition functionalities further enhance the financial management process, allowing for more accurate and timely financial operations. The platform can also be customized for property management.
Standout features & integrations:
Features include financial consolidation, global business management, customer service management tools, professional services automation (PSA), scheduling, marketing tools, and real-time KPIs and dashboards.
Integrations include Shopify, BigCommerce, Adobe Commerce, WooCommerce, Amazon Seller Central, Amazon Vendor Central, eBay, Walmart, Salesforce, and ShipStation.
Pros and cons
Pros:
- Real-time data visibility
- Scalable for businesses of all sizes
- Highly customizable with various modules
Cons:
- Extensive features can be overwhelming for new users
- Customizations come with added expenses
Buildium is an advanced property management software designed to streamline the administrative tasks associated with managing rental properties.
Why I picked Buildium: Buildium stands out for its all-in-one property management capabilities and strong accounting features. Its seamless integration of property management and accounting functions are uncommon among many real estate ERP solutions, making it ideal for property managers requiring a more advanced software.
Standout features & integrations:
Features include tenant and lease tracking, accounting, and maintenance management.
Integrations include Zillow, Zumper, PayNearMe, Stripe, PayLease, HappyCo, TransUnion, Experian, and Microsoft Outlook.
Pros and cons
Pros:
- Affordable pricing
- Excellent tenant communication
- Comprehensive property management
Cons:
- Basic reporting tools
- Limited customization
BrokerMint provides consolidated back-office management solutions for real estate brokerages.
Why I picked BrokerMint: BrokerMint offers advanced back-office management tailored specifically for real estate brokerages. It stands out because of its unique combination of transaction management, commission tracking, and accounting integration, making it an ideal solution for brokerages looking to streamline operations.
Standout features & integrations:
Features include transaction management, commission tracking, and automated reporting.
Integrations include QuickBooks, Dotloop, SkySlope, Docusign, Dropbox, Google Drive, Rapattoni, MLS, Realtor.com, and Zillow.
Pros and cons
Pros:
- Customizable workflow automation
- Team collaboration tools
- Strong transaction management
Cons:
- Lacks mobile app functionality
- Limited reporting capabilities
Focus provides ERP solutions tailored for real estate and construction industries. It’s designed to streamline and integrate various business functions, including financial management, manufacturing, sales, inventory, and human capital management.
Why I picked Focus: Focus offers customizable modules specifically designed for real estate companies, enabling efficient progression tracking of sales, leasing, and construction projects while ensuring seamless integration with other business functions. Additionally, its cloud-based and scalable nature ensures it can grow alongside the business, providing a flexible and robust solution for evolving needs.
Standout features & integrations:
Features include AI-driven applications, in-memory computing, industry-ready templates, customizable solutions, cloud hosting, mobile accessibility, advanced financial management, integrated CRM, human resource management, inventory and supply chain management, advanced business intelligence, and several reporting tools.
Integrations include QuickBooks, Tally, SAP, Oracle, Microsoft Dynamics, Salesforce, Zoho CRM, PayPal, Stripe, and Google Analytics.
Pros and cons
Pros:
- Strong customer support
- User-friendly interface
- Comprehensive real estate management
Cons:
- Lacks advanced customization options
- Limited third-party integrations
Odoo is a next-level ERP software that offers modules for various functions such as accounting, inventory management, human resources, and customer relationship management, all designed to streamline operations and enhance productivity.
Why I picked Odoo: Odoo allows businesses to customize and scale their operations easily, providing a unique level of adaptability compared to other ERP systems. Its customizable modules enable real estate businesses to efficiently handle tasks such as lease management, property listings, and client relations, all within a single platform. Additionally, Odoo's user-friendly interface and scalability make it suitable for both small agencies and large real estate enterprises.
Standout features & integrations:
Features include CRM, accounting and invoicing, project management, and inventory management.
Integrations include QuickBooks, PayPal, Stripe, Google Apps, Amazon, eBay, Magento, WooCommerce, Slack, and Microsoft 365.
Pros and cons
Pros:
- User friendly
- Cost effective
- Modular approach
Cons:
- Slow updates
- Requires customization
Openkoda is an open-source, low-code platform that offers a strong framework for building scalable and customizable solutions, making it ideal for businesses looking to accelerate their digital transformation with minimal coding.
Why I picked Openkoda: Openkoda’s focus on rapid application development with open-source templates offers a unique blend of flexibility and efficiency, allowing users to quickly create applications tailored to their specific needs without starting from scratch. The software also offers advanced tools for property management, client relationship management, and transaction tracking, all in one platform.
Standout features & integrations:
Features include customizable open-source templates, rapid prototyping, and robust development tools.
Integrations include GitHub, GitLab, Bitbucket, Jenkins, Docker, Kubernetes, AWS, Azure, Google Cloud Platform, and Slack.
Pros and cons
Pros:
- Good community support
- Customizable workflows
- Open-source flexibility
Cons:
- Steep learning curve
- Limited official support
Binary Stream is an ERP solution that provides multi-entity management solutions with integration into Microsoft Dynamics for the real estate industry.
Why I picked Binary Stream: Binary Stream provides seamless integration with Microsoft Dynamics, allowing businesses to efficiently manage complex organizational structures. Its strong features support intercompany transactions, consolidated reporting, and streamlined financial processes across multiple entities, enhancing overall operational efficiency. This makes it an invaluable tool for organizations seeking to optimize their multi-entity management systems within the Dynamics ecosystem.
Standout features & integrations:
Features include multi-entity management, sales management, centralized billing, and financial consolidation.
Integrations include Microsoft Dynamics 365, Power BI, Office 365, SharePoint, Outlook, Azure, QuickBooks, Salesforce, HubSpot, and Docusign.
Pros and cons
Pros:
- Scalable for growth
- Strong financial management
- Industry-specific solutions
Cons:
- Limited mobile features
- Complex implementation
Wisp provides hybrid workplace management solutions with the benefit of unlimited user licenses.
Why I picked Wisp: Wisp provides users with tailored solutions for managing hybrid workplaces and access to unlimited user licenses. This tool stands out for its specific focus on space management, wayfinding, and employee engagement features, which are vital for modern hybrid work environments.
Standout features & integrations:
Features include space management, wayfinding, and real-time occupancy tracking.
Integrations include Microsoft Office, Google Workspace, Slack, Microsoft Teams, Outlook, Zoom, Asana, Trello, monday.com, and Jira.
Pros and cons
Pros:
- Real-time updates
- Strong space management tools
- Intuitive interface
Cons:
- No mobile app
- Limited feature set
Prism enhances building operations with advanced tenant experience features and comprehensive property management tools.
Why I picked Prism: Prism’s focus on improving tenant experience alongside robust building operations management makes it an ideal solution for most real estate developers. Its unique features, like tenant engagement and communication, are not commonly found in traditional real estate ERP systems, helping it stand out among other ERP software.
Standout features & integrations:
Features include advanced tenant engagement, comprehensive building operations management, and real-time data analytics.
Integrations include Yardi, MRI Software, RealPage, VTS, Angus Systems, iOffice, Corrigo, Microsoft Dynamics, Salesforce, and QuickBooks.
Pros and cons
Pros:
- Excellent data analytics
- Customizable dashboards
- Integrated building management
Cons:
- Limited customer service hours
- Not user-friendly for beginners
Ramco is an ERP solution that provides modules for HR, payroll, finance, supply chain, and asset management, enabling organizations to improve efficiency, accuracy, and decision-making.
Why I picked Ramco: Ramco stands out because it leverages advanced technology to automate and enhance business operations, offering unique functionalities not commonly found in traditional ERP systems. Its robust features streamline operations, from property listings and lease management to financial reporting and analytics. Additionally, Ramco's cloud-based platform ensures accessibility and scalability, meeting the dynamic needs of real estate businesses.
Standout features & integrations:
Features include AI-driven automation, chatbot support, and comprehensive analytics.
Integrations include Microsoft Dynamics, Salesforce, SAP, Oracle, Google Workspace, Microsoft Office, QuickBooks, PayPal, Stripe, and Amazon Web Services (AWS).
Pros and cons
Pros:
- Good scalability
- Strong HR features
- Comprehensive ERP solution
Cons:
- Limited industry-specific modules
- Complex to customize
Other Real Estate ERP Software
Below is a list of additional real estate ERP software that I shortlisted. While they didn’t make the top 10, they’re still valuable and worth further research.
- DoFort Real Estate ERP
Best for real estate management with advanced analytics
- NWAY ERP
Best for cloud-based solutions
- Deskera
Best for advanced manufacturing features
- Altrio
Best for investment management and analytics
- Onyx
Best for customizable real estate solutions
- Yardi Investment Suite
Best for end-to-end investment lifecycle management
- Chetu
Best for tailored software development services
- Pipedrive
Best for sales pipeline management
Related Reviews
If you still haven’t found what you’re looking for here, check out these other tools that we’ve tested and evaluated:
Real Estate ERP Software Selection Criteria
The criteria for choosing a real estate ERP software should directly address buyer needs and common pain points, ensuring that the software serves its intended purpose effectively. As an expert who has personally tried and researched these tools, here are the requirements I use when evaluating software:
Core Functionality: 25% of total weighting score
- Property management
- Lease management
- Financial reporting
- Tenant and lease tracking
- Maintenance management
Additional Standout Features: 25% of total weighting score
- Integration with IoT devices for smart property management
- Advanced analytics and predictive maintenance
- Customizable dashboards and reporting tools
- Mobile app functionality for on-the-go management
- AI-driven tenant screening and lease recommendations
Usability: 10% of total weighting score
- Intuitive user interface with drag-and-drop scheduling
- Easy navigation with clear, logical menu structures
- Customizable user roles and permissions
- Responsive design for mobile and desktop use
Onboarding: 10% of total weighting score
- Availability of advanced training videos and webinars
- Interactive product tours and tutorials
- Pre-built templates for quick setup
- Chatbots and live support for immediate assistance
Customer Support: 10% of total weighting score
- 24/7 customer service availability
- Dedicated account managers
- Extensive knowledge base and FAQs
- Multi-channel support (phone, email, chat)
Value For Money: 10% of total weighting score
- Transparent pricing models
- Flexible subscription plans
- Cost-benefit analysis of features vs. price
- Discounts for long-term commitments
Customer Reviews: 10% of total weighting score
- Overall satisfaction ratings
- Specific feedback on ease of use and functionality
- Reports on customer service experiences
- Testimonials on ROI and business impact
Trends for Real Estate ERP Software
Here are some trends I’ve noticed for real estate ERP software, plus what they might mean for the future. I sourced countless product updates, press releases, and release logs to tease out the most important insights.
- AI-Driven Communication: AI-driven communication is revolutionizing real estate ERP software by using advanced algorithms to streamline client conversations. This trend enhances professional relationships and ensures that clients are contacted across all touch points.
- Mobile-First Design: Mobile-first design ensures that real estate ERP software is accessible and functional on smartphones and tablets. This trend is important as it allows real estate professionals to maintain communication and update listings on the go.
- Seamless Integration with Communication Tools: Integration with tools like Slack and Microsoft Teams is becoming standard. This trend simplifies real estate processes by embedding it into daily workflows. It’s significant as it makes buying and selling more seamless and encourages frequent use.
- Real-Time Analytics and Reporting: Real-time analytics provide immediate insights into the performance of a company's processes. This trend helps organizations quickly adjust strategies to maximize efficiency. It’s important for making data-driven decisions and improving overall effectiveness.
As the real estate industry evolves, ERP software is adapting with innovative trends such as AI-driven matching and seamless integration with social media platforms. Staying updated with these trends will be vital for organizations aiming to optimize their client strategies and maintain a competitive edge.
What is Real Estate ERP Software?
An enterprise resource planning (ERP) system is an integrated software tool designed to manage and streamline a company's core business processes, including finance, human resources, manufacturing, supply chain, and customer relationship management. When used by real estate professionals, ERPs integrate functions such as property management, lease administration, financial accounting, sales, and customer relationship management into a single platform.
Features of Real Estate ERP Software
When considering the right ERP software, it's important to understand the key features that can significantly improve your business operations. Here are some essential features to look for during your search.
- Property Management: This feature centralizes and streamlines all aspects of managing properties, from tenant communication to maintenance requests. It helps real estate professionals ensure smooth operations and improve tenant satisfaction.
- Financial Management: This feature handles accounting, budgeting, and financial reporting, enabling precise financial tracking and planning.
- Customer Relationship Management (CRM): This feature manages client interactions and tracks sales leads, enhancing client engagement and sales processes. It allows real estate professionals to build stronger relationships and close deals more efficiently.
- Lease Management: This feature tracks lease agreements and renewals, ensuring timely updates and compliance. It helps real estate professionals manage leases efficiently and avoid potential legal issues.
- Project Management: This feature plans, executes, and monitors real estate projects, keeping everything on schedule and within budget. This helps ensure project success and mitigate risks effectively.
- Reporting and Analytics: This feature provides real-time insights and detailed reports on various metrics, helping in data-driven decision-making. With data analytics, real estate professionals can analyze performance and make informed strategic decisions.
- Document Management: This feature organizes and stores important documents securely, ensuring easy access and retrieval. It helps real estate professionals maintain organized records and improve operational efficiency.
- Workflow Automation: This feature automates routine tasks to improve efficiency, reducing manual work and the chance of errors while increasing productivity.
- Integration Capabilities: This feature connects seamlessly with other software and tools, creating a unified system for better data flow and operational synergy. It helps real estate professionals streamline processes and enhance overall efficiency.
- Mobile Access: This feature allows management of operations from anywhere using mobile devices, providing flexibility and convenience.
These features help streamline operations, improve efficiency, and provide the insights needed to make informed business decisions. By leveraging these advanced features, real estate professionals can achieve better organization, improved client relations, and greater overall success.
Benefits of Real Estate ERP Software
Real estate ERP software solutions offer several advantages that can transform how businesses operate. Here are some of the benefits you may experience with real estate ERP software.
- Improved Efficiency: By streamlining and automating routine tasks, real estate professionals can free up valuable time for more strategic activities. This efficiency boost allows them to focus on growth and client relations rather than administrative duties.
- Enhanced Financial Management: Accurate financial tracking and reporting provided by ERP systems help real estate businesses maintain better control over their finances. This improved financial oversight ensures more effective budgeting and financial planning.
- Better Customer Relations: Managing customer interactions effectively through an ERP system leads to improved client satisfaction and retention. Enhanced customer service capabilities allow real estate professionals to build stronger, more loyal client relationships.
- Real-Time Insights: Real-time data analytics and reporting enable real estate professionals to make informed decisions quickly. Access to up-to-date information — from your ERP and other systems connected through the cloud — supports better strategic planning and operational adjustments.
- Scalability: ERP systems support business growth by easily accommodating increased data and expanding operations. This scalability ensures that real estate businesses can grow seamlessly without outgrowing their management tools.
These benefits highlight the transformative potential of real estate ERP software for improving operational efficiency, profitability, financial management processes, customer relations, and overall business growth.
Costs & Pricing of Real Estate ERP Software
Understanding the costs and pricing options for real estate ERP software is essential for making an informed decision. Here are some of the common plan options and their pricing:
Plan Comparison Table for Real Estate ERP Software
| Plan Type | Average Price | Common Features |
| Free Plan | $0/user/month | Basic property management, limited financial tracking, and essential CRM functionalities |
| Basic Plan | $50/user/month | Property management, standard financial management, lease tracking, and basic reporting |
| Professional Plan | $150/user/month | Advanced property management, comprehensive financial management, CRM, lease and project management, and standard reporting |
| Enterprise Plan | $300/user/month | Full suite of features, advanced analytics, workflow automation, document management, custom integrations, and mobile access |
Choosing the right plan depends on the specific needs of your business, such as the size of your operations and the level of functionality required. When shopping for a real estate ERP, consider the features each plan offers to ensure it aligns with your business goals and budget.
Real Estate ERP Software FAQs
Here are some frequently asked question I’ve received about real estate ERP software.
Is real estate ERP software customizable to my business needs?
Many real estate ERP solutions offer customization options to tailor functionalities like workflows, reporting formats, and user interfaces to specific business requirements. This flexibility ensures that the software can adapt as your business evolves.
How can real estate ERP software help with compliance and regulatory requirements?
Real estate ERP software often includes features that assist with compliance management, such as ensuring lease agreements meet regulatory standards, maintaining financial transparency for audits, and generating reports that comply with local and national regulations.
Can real estate ERP software integrate with other business applications?
Yes, most modern real estate ERP systems offer integration capabilities with other commonly used business applications such as accounting software, CRM systems, marketing tools, and even IoT devices for smart building management.
What are the typical challenges of implementing real estate ERP software?
Challenges may include data migration from legacy systems, training employees to use new software effectively, ensuring buy-in from stakeholders for the implementation process, and managing potential disruptions during the transition period.
How can real estate ERP software improve decision-making processes?
By providing real-time data and analytics, real estate ERP software enables informed decision-making regarding property investments, tenant management, financial forecasting, and resource allocation. This capability helps businesses optimize their operations and seize opportunities swiftly.
Other ERP Software Options
If you still haven’t found what you’re looking for here, check out these other ERP solutions that we’ve tested and evaluated:
- Project-Based ERP Software
- Supply Chain Management ERP Software
- ERP for Midsize Companies
- ERP Software For Small Manufacturers
- ERP Software for the Metal Industry
- ERP Software For The Printing Industry
- Retail ERP Software
- Financial ERP Software
- Discrete Manufacturing ERP Software
- ERP Software For Engineering Companies
- Government ERP Software
- ERP Systems For Custom Manufacturing
- Chemical ERP Software
- Distribution ERP Software
- ERP for the Service Industry
- Construction ERP
- Oil and Gas ERP Software
- Aerospace ERP Software
- ERP Alternatives
- ERP For Nonprofits
- Automotive ERP Software
- ERP Software for Small Businesses
- ERP For Furniture Manufacturing
- ERP Software for the Food and Beverage Industry
- Hospital ERP Software
- ERP For The Apparel Industry
- Cloud ERP Software
- Field Service ERP Software
- Education ERP
- ERP Payroll Software
- ERP For Professional Services
- Job Shop ERP Software
- Food Manufacturing ERP Software
- Process Manufacturing ERP Software
- Manufacturing ERP Software
- ERP Accounting Software
What’s Next?
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