Product Overview of Propertyware
Propertyware is a comprehensive rental property management software designed specifically for residential property managers, particularly those handling single-family units. Developed by professionals with a background in property management, this platform is tailored to address the operational challenges faced by property managers on a daily basis.
Key Features
Accounting and Financial Management
Propertyware offers a robust accounting suite that includes tools for accounts receivable and payable, bank reconciliations, and Automated Clearing House (ACH) payments to owners. It also features automatic payment reminders, fee management, and the ability to calculate late fees efficiently.
Leasing and Tenant Management
The software includes a range of leasing tools such as tenant screening, lead tracking, and online listings. It also features a lease module that serves as a central hub for all lease-related information, including financial transactions and tenant relationship management. Additionally, Propertyware offers AI-enabled screening that goes beyond credit scores to assess an applicant’s willingness to pay.
Payment Processing
Propertyware provides various payment options for tenants, including online payments and cash payments. This allows tenants to pay rent and other charges online, 24/7, significantly streamlining the payment process for both tenants and property managers.
Marketing and Listings
The platform offers a complete marketing solution that enables property managers to control listings, manage prospects, and handle tenant applications. This includes automatic listings and a mobile leasing app to facilitate quicker rental processes.
Maintenance Management
Propertyware includes a maintenance solution that covers the entire process from move-in to move-out. This features photo documentation, work orders, inspections, and billing, helping to streamline and automate maintenance tasks.
Communication and Portals
The software provides 24/7 access to owner and tenant portals, allowing for real-time communication and access to account information. It also includes SMS messaging and a tenant portal app available via mobile devices.
Customization and Integration
Propertyware allows users to create custom fields, dashboards, and reports. It features an open API for integration with other systems, providing flexibility and scalability to meet the evolving needs of property management businesses.
Training and Support
Propertyware offers comprehensive training and support through its proprietary Propertyware University, which provides online and live training sessions to help users maximize the software’s capabilities.
Pricing and Plans
Propertyware offers three pricing plans: Basic, Plus, and Premium. These plans are priced at $1, $1.50, and $2 per unit per month, respectively. However, each plan has a monthly minimum fee of $250, $350, and $450, which can be a significant factor for smaller property management companies.
Benefits
Propertyware is designed to help property managers streamline their operations, reduce vacancy days, and increase rental income. It provides a centralized platform for managing the full tenant lifecycle, from marketing and leasing to maintenance and financial management. This comprehensive approach helps property managers to grow their business efficiently without the need for additional headcount.