Definition
Software platform enabling landlords/managers to manage rental properties, tenants, leases, and finances digitally.
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Property management software (AppFolio, Buildium, Rent Manager) handles tenant communications, rent collection, maintenance requests, accounting, and reporting. Software reduces manual work and improves efficiency. Software quality varies significantly; investigate before purchasing.
Pro Tip
Quality property management software pays for itself through efficiency gains and reduced errors; prioritize user-friendly platforms.
Example
Property management software automates tenant rent collection, generates financial reports, and coordinates maintenance work