Top Accounting Software for Property Management

Do you know how property management software can change the way you manage your property? You don't have to be a large company to benefit from a comprehensive accounting software package built specifically for property managers. Accounting software allows property managers to easily manage clients and properties, publish on web portals and cross-sell, among other functions.

Here are the top two accounting software for property management:

1. Yardi Breeze

Yardi Breeze is the perfect partner for property management. It takes up the challenge of end-to-end property management. It encompasses the entire life cycle of real estate activities, including Property Management accounting through integrated products for tenant services, lease management, budgeting, the processing of invoices, management of suppliers, and also the consolidation of financial statements.

Yardi Breeze was launched in May 2019 and presents over a hundred properties managed via the interface. Designed for big and small property owners, this platform is recognized for its ease of use and the automation of tasks. It is indeed one of the best rental management tools for private owners.

Yardi Breeze provides simple and affordable cloud-based property management software that allows residential or non-profit property managers to control every aspect of their business, including rent, availability, and maintenance cycles.

Here’s what it offers:

• Accurately assesses the performance of your assets by tracking the financial health of your tenants, increasing your revenue, and improving your risk visibility.

• User-friendly transaction management solution for real estate asset managers and their internal/external collaborators.

• Connects your rental management, asset management, and finance teams to the budgeting process.

• Real-time visibility into the impact of development projects and rental stock improvements on your budget and revenue.

• Designed for chief engineers and site managers to streamline technical plant maintenance, site inspections, and service requests.

• Improves your customer experience, attracts new leads and optimizes shopping center revenue by automating key metrics and commercial real estate leasing activities.

2. AppFolio

AppFolio helps managers of modern residences, commercial premises, student housing, and home-owners' associations with online portals and automated processes to streamline the business.

Property managers can manage all of their vacant properties, list the available ones, screen tenants, collect rent, schedule maintenance, and launch marketing campaigns from one location through AppFolio's real-time available homes and spaces dashboard. It is easy to use and offers complete trade statistics at the property manager’s disposal.

Other features include the ability to accept rental applications online and view potential tenants, advertise jobs on the Internet, collect money online, and perform mobile checks. In addition, tenants can send service requests through software; property managers can quickly eliminate all kinds of errors.

Several monthly packages are available depending on the type of property you want to rent or sell. Resident and student plans are priced at $1.25 per unit, while a commercial option costs $1.50. In addition, community associations wishing to use the software pay only $0.80 a piece.

The Benefits of Accounting Software for Property Managers

Productivity Gains

Using accounting software will allow you to automate certain recurring tasks, saving you valuable time and limiting errors associated with repetitive tasks. For example, you will launch the edition of all your rent receipts and notices of deadlines in just a few clicks or even simply follow up with your debtor tenants.

Compliance

To be effective, software must be updated regularly. You can download these updates manually if it is an installed software, or it can update itself automatically (full web solution.) Regular updates make it possible, among other things, to guarantee the compliance of the software with the legislation.

Promotes Your Business

Using accounting management software will also allow you to strengthen your professional image vis-à-vis your customers and future customers. You will be able to rely on the software to answer their questions more quickly and send them clear and legible accounting editions, rent receipts or management reports, which eventually will strengthen your outlook as an account manager.

If you're looking for a full accounting service provider tailored for property management, contact Quick Accounting Solution at 310-694-4141. The Quick Accounting Solution team has specialists trained in using AppFolio and Yardi Breeze to their full capacity and offering custom-tailored financial solutions to their clients.