Sunday, October 6, 2024

Best Real Estate Accounting Software (2024)

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*Prices reflect the lowest cost of a provider's paid plan and are current as of Oct. 2, 2024. Some users may be offered different prices, and variation should be expected.

Best for: Real estate investors and property managers with several hundred units or more

Why we like AppFolio for real estate businesses: AppFolio can be considered an industry standard for businesses that focus on real estate properties as investment assets. It allows owners and property managers to efficiently track the cash flow generated from a virtually limitless number of units in their portfolio, both residential and commercial and everything in between. AppFolio combines property accounting with a platform for customer communications, maintenance, work order tracking, and leasing.

What you need to know: AppFolio is the most expensive option in this list, so it's likely not cost-effective for real estate businesses that own or manage smaller portfolios. Additionally, AppFolio clients have complained about AppFolio's interface's user-friendliness, and tenants have noted transaction charges for paying rent through AppFolio's system.

Price range: AppFolio no longer publicly lists its pricing, but as of July 2024, its price tiers were $1.49 per unit per month with a 50-unit minimum and a $298 minimum spend (Core plan); $3.20 per unit per month (Plus plan) or $5.00 per unit per month (Max plan) with unlisted unit and spend minimums. Additional features cost extra.

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