Propertyware is a top management software for single family homes. The software was created by property owners for property owners, and the founders of Propertyware have worked on other software solutions such as Salesforce and Market Tools. Propertyware is powered by Real Page, a global provider of software and analytics in real estate.
Propertyware offers three different plans, and each one builds on the previous one. Each plan has an implementation fee that is equal to two times the monthly subscription price.
Its first plan, Basic, costs $1 per unit per month, and has a minimum monthly cost of $250. It includes all of the following features:
The next plan, Plus, costs $1.50 per unit per month and is the company’s most popular plan. It has a $350 minimum monthly cost, and includes all of the features of the Basic plan, as well as the following:
The third and final plan, Premium, is the most expensive at $2.00 per unit per month and a minimum $450 monthly charge. It includes all the features of the Basic and Plus plans, plus a couple of additional features:
Read on to learn about some of the benefits and drawbacks of purchasing Propertyware software to manage your real estate portfolio.
We can appreciate when a company is very transparent about its pricing, and Propertyware is just that. All three of its plans are laid out on the website with clear and simple pricing, which makes it easy for you to calculate just how much you will be paying to use the company’s services. Propertyware also states on its website that it has no hidden fees.
Propertyware’s pricing structure seems on par with its competitors.
In addition to its three plans, Propertyware also offers some bonus features designed to make your business more productive. These features have their own pricing structures and are as follows:
Propertyware has a few nice benefits to its software that might help you make your decision about whether it’s right for you. First, the software has an open API, meaning you can connect it with other software systems that you already use rather than having to leave those platforms behind. This will also save you time in the Propertyware onboarding process because you won’t have to manually enter or transfer data when you start using its software.
Plus, Propertyware is scalable across regions, allowing your business to grow and expand while still maintaining a powerful dashboard for managers to see their business happenings at a glance.
Propertyware is also highly secure and has a state-of-the-art data center with backup monitoring and diagnostic systems. Business processes on your end can be highly automated to increase efficiency — you can automate everything from reports to fee payments to to-do lists.
Some customers have said that they don’t recommend Propertyware for its accounting services, and that the software could use a more robust accrual accounting system. However, others have said that they do all of their accounting through the Propertyware system and don’t have any issues with it, so this will be something you’ll want to research based on your specific needs before making a decision.
Navigation can get complicated with Propertyware if you are handling a large number of properties, each with multiple tenants. One customer complained that it’s hard to tell whose profile you are in, be it the manager’s, the tenant’s, or the property’s. Overall, it seems like Propertyware is simple to use for smaller portfolios but may get more complicated once your portfolio becomes more robust.