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4 Popular Real Estate Management Software

From rent and vacancy tracking to contract and insurance management, real estate management software solutions help you maintain and organize payments, tenants, and even craft your own property website.

1. 360Workplace for Commercial Real Estate

360Workplace functions as a suite of systems (offering facility maintenance management, space management, construction project software, and lease administration) for those looking to manage real estate with more than just a single solution.

360Workplace is built with corporate real estate in mind, so smaller businesses seeking a more customized solution should look elsewhere.

 

2. Buildium Property Management Software

Buildium’s software tackles accounting, business operations and leasing.

Buildium also offers a resident portal for processing maintenance request and payments, an application system where you can accept rental applications, run tenant screenings, and store documents in the cloud.

Cost

Buildium’s pricing model breaks down by number of units and can be paid monthly or annually, with annual costs higher than monthly installments.

3. Property Operations Workspeed

MRI’s Property Operations Workspeed has more than 2,700 clients worldwide and touches on risk management, business analytics and visitor management.

This real estate management solution handles a variety of aspects essential to maintaining multiple properties.

The program also offers a service request tool so that property managers, tenants, engineers, and vendors can submit request and work orders (including through a mobile app).

Cons

Workspeed is a basic solution and doesn’t allow for much customization, meaning you may have to rely on other MRI solutions to build out this platform.

 

4. TRIRIGA Real Estate Manager

TRIRIGA automates the creation of real estate and asset-lease contracts, as well as payment schedules, with the option of adding automated notifications for important dates, such as contract expiration.

TRIRIGA is a great option if you’re looking to get a better grasp on your lease accounting as it comes with prebuilt lease accounting controls and automated lease payment reconciliation.

Cons

Judging by TRIRIGA’s features, this solution makes sense for larger businesses.

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