7 Best Property Management Accounting Software Solutions of 2024
Compare the best property management accounting software options and determine which solution is right for your business.
Learn more Even the smallest property management companies have a lot to manage — collecting rent, managing lease agreements, fielding maintenance requests and more. Therefore, busy property managers need software that goes beyond accounting.
The best property management accounting software
Why you can trust NerdWallet
Here are recommendations based on the size and needs of your property management company.
Our pick for simple accounting software
Starting at
$25/month
Additional pricing tiers (per month): $55, $90.
Promotion
50% off
for 3 months.
on Xero's website
Pros
- Unlimited users in all pricing plans.
- Integrates with more than 1,000 third-party apps.
- Feature set includes an excellent mobile app and suite of reports, capable invoicing features, plus automated bill and receipt capture through Hubdoc.
- Simple layout and easy to use.
Cons
- No inbound phone customer support (callbacks are available, though).
- Entry-level plan limits bills and invoices to five and 20 per month, respectively.
- Must subscribe to the highest-tier Established plan to claim expenses.
Our pick for simple accounting software
Xero
Best for General accounting software with property management software integrations
Best for General accounting software with property management software integrations
Starting at
$25/month
Additional pricing tiers (per month): $55, $90.
Promotion
50% off
for 3 months.
on Xero's website
Pros
- Unlimited users in all pricing plans.
- Integrates with more than 1,000 third-party apps.
- Feature set includes an excellent mobile app and suite of reports, capable invoicing features, plus automated bill and receipt capture through Hubdoc.
- Simple layout and easy to use.
Cons
- No inbound phone customer support (callbacks are available, though).
- Entry-level plan limits bills and invoices to five and 20 per month, respectively.
- Must subscribe to the highest-tier Established plan to claim expenses.
Starting at
$38/month
Additional pricing tiers (per month): $75, $115, $275.
Promotion
50%
for first three months or free 30-day trial.
on QuickBooks' website
Pros
- Easy to share information with your accountant and to find QuickBooks experts and online resources if needed.
- More than 750 app integrations.
- Robust feature set includes record-keeping, reporting, invoicing and inventory management, plus a capable mobile app.
- Chat and phone support available Monday through Saturday in all plans.
Cons
- Expensive compared with the competition.
- Frequent price increases and a tendency toward upselling.
- Limited account users with each plan.
QuickBooks Online
Best for General accounting software with property management software integrations
Best for General accounting software with property management software integrations
Starting at
$38/month
Additional pricing tiers (per month): $75, $115, $275.
Promotion
50%
for first three months or free 30-day trial.
on QuickBooks' website
Pros
- Easy to share information with your accountant and to find QuickBooks experts and online resources if needed.
- More than 750 app integrations.
- Robust feature set includes record-keeping, reporting, invoicing and inventory management, plus a capable mobile app.
- Chat and phone support available Monday through Saturday in all plans.
Cons
- Expensive compared with the competition.
- Frequent price increases and a tendency toward upselling.
- Limited account users with each plan.
Starting at
$58/month
Additional pricing tiers (per month): $183, $375.
Promotion
14-day free trial
Pros
- Accounting features are included in the software, in every plan, so no need for additional software integrations.
- Comes with industry-specific features.
- Can handle management of residential, commercial and community housing.
- Includes online payment platform to collect rent and fees (transaction fees apply).
- Free website included in every plan tier.
- You can try the software for free before committing.
Cons
- Set-up fees charged for each bank account used to collect online payment. (Higher plans waive the set-up fee for a certain number of accounts.)
- Phone support is only included in higher-tier plans.
Buildium
Best for Overall property management accounting software
Best for Overall property management accounting software
Starting at
$58/month
Additional pricing tiers (per month): $183, $375.
Promotion
14-day free trial
Pros
- Accounting features are included in the software, in every plan, so no need for additional software integrations.
- Comes with industry-specific features.
- Can handle management of residential, commercial and community housing.
- Includes online payment platform to collect rent and fees (transaction fees apply).
- Free website included in every plan tier.
- You can try the software for free before committing.
Cons
- Set-up fees charged for each bank account used to collect online payment. (Higher plans waive the set-up fee for a certain number of accounts.)
- Phone support is only included in higher-tier plans.
Starting at
$0
Additional pricing tiers (per month): $15.
Promotion
14-day free trial
of Pro plan.
Pros
- Free plan available.
- Comes with industry-specific features.
- Enables online payments (transaction fees apply).
- Automates reminders and late fees.
- Integrates with Xero accounting software (Pro plan only).
- You can try the software for free before committing.
Cons
- The number of software users is limited in both plans.
- Many of the automated features are only included with the paid plan.
LandlordStudio
Best for Affordable property management software
Best for Affordable property management software
Starting at
$0
Additional pricing tiers (per month): $15.
Promotion
14-day free trial
of Pro plan.
Pros
- Free plan available.
- Comes with industry-specific features.
- Enables online payments (transaction fees apply).
- Automates reminders and late fees.
- Integrates with Xero accounting software (Pro plan only).
- You can try the software for free before committing.
Cons
- The number of software users is limited in both plans.
- Many of the automated features are only included with the paid plan.
Starting at
$100/month
Additional pricing tiers (per month): $200, $400, custom.
Promotion
$0
Pros
- Rich set of accounting and property management features.
- Enables online payments.
- Offers optional add-on tools.
- Includes accounts payable features.
Cons
- Monthly minimum requirements for pricing.
- Free phone support is limited to setup and onboarding.
- Annual contract is required.
Yardi Breeze
Best for Commercial property management software
Best for Commercial property management software
Starting at
$100/month
Additional pricing tiers (per month): $200, $400, custom.
Promotion
$0
Pros
- Rich set of accounting and property management features.
- Enables online payments.
- Offers optional add-on tools.
- Includes accounts payable features.
Cons
- Monthly minimum requirements for pricing.
- Free phone support is limited to setup and onboarding.
- Annual contract is required.
Starting at
$298/month
Additional pricing tiers (per month): $960, $7,500.
Promotion
$0
Pros
- Built-in accounting functionality.
- Packed with industry-specific features.
- Serves a wide variety of property types, including student housing and investment management.
- Offers add-on features for additional customization.
Cons
- Features often included within competitors’ plans are only offered as add-ons at additional cost, including online payments, marketing websites and tenant screening.
AppFolio
Best for Enterprise property management software
Best for Enterprise property management software
Starting at
$298/month
Additional pricing tiers (per month): $960, $7,500.
Promotion
$0
Pros
- Built-in accounting functionality.
- Packed with industry-specific features.
- Serves a wide variety of property types, including student housing and investment management.
- Offers add-on features for additional customization.
Cons
- Features often included within competitors’ plans are only offered as add-ons at additional cost, including online payments, marketing websites and tenant screening.
Starting at
$69/month
Additional pricing tiers (per month): $139, $199. Prices increase beyond 20 units.
Promotion
$0
Pros
- Built-in accounting features.
- Syncs with QuickBooks Online (Pro and Premium only).
- Comes with industry-specific features.
- Accepts online payments and automates payment reminders.
- No contract or cancellation penalty.
Cons
- No phone support available; email and chat only.
- Account reconciliation not included in lowest-tier plan.
DoorLoop
Best for Lease accounting software
Best for Lease accounting software
Starting at
$69/month
Additional pricing tiers (per month): $139, $199. Prices increase beyond 20 units.
Promotion
$0
Pros
- Built-in accounting features.
- Syncs with QuickBooks Online (Pro and Premium only).
- Comes with industry-specific features.
- Accepts online payments and automates payment reminders.
- No contract or cancellation penalty.
Cons
- No phone support available; email and chat only.
- Account reconciliation not included in lowest-tier plan.
Jump to
NerdWallet’s picks for the best property management accounting software
QuickBooks Online
Best general accounting software with property management software integrations
Price
Why we picked it: If you’re asking, "Can I use QuickBooks for property management?", the answer is yes. Because QuickBooks is a general accounting tool, it may not have all the features you need to run your property management company. QuickBooks does, however, have an extensive library of third-party app integrations, including a handful of apps for property management. It offers a number of helpful features, including automatic recurring invoicing, which makes rent collection simple; integrated merchant services options, which let you put payment links right on your invoices; and class tracking, so you can easily manage finances for each property in your portfolio. Read our complete QuickBooks Online review
Xero
Best general accounting software with property management software integrations
Price
Why we picked it: At its core, Xero is affordable and feature-rich accounting software. While it’s built to cover general accounting needs and therefore lacks some of the more industry-specific features you may be looking for as a property manager, Xero offers an entire marketplace of third-party apps that integrate with its software. Xero’s app store lists at least a dozen property management-related apps that can fill the gaps to create a complete and bespoke software solution. Still, many of Xero’s own accounting features will prove useful for property management, including document storage, online payment acceptance, contact management, cash flow tools and a mobile app to keep your business finance data at your fingertips. Read our full Xero Accounting review
Buildium
Best overall property management accounting software
Price
Why we picked it: Buildium’s end-to-end property management solution includes a full suite of accounting features within the software at every plan level, so you won’t need to worry about syncing (and paying for) separate accounting software. Because the software is purpose-built for property managers, it includes a resident portal for payments and maintenance requests, 1099 e-filing, listing syndication to Zillow and others, tenant screening and additional industry-specific features. Buildium also includes with every plan tier a free website to market your property management business, list available units, accept applications and stay in touch with residents.
LandlordStudio
Best affordable property management software
Price
Why we picked it: LandlordStudio’s all-in-one property management and accounting software comes in at the lowest price point of all the products on our list. The company even offers a free plan, which includes a surprising number of features at no monthly cost. LandlordStudio’s property management accounting features include tenant screening, listing syndication to popular listing sites, automated rent reminders, maintenance management tools and more.
Yardi Breeze
Best commercial property management software
Price
Why we picked it: Yardi Breeze may be a great property management accounting software solution for mid-size and well-established businesses, particularly those managing commercial properties. The software comes with a wealth of features across accounting, accounts payable, maintenance, rent collection and more. Tenants can view and pay bills and submit maintenance requests all online; managers can automate rent billing, track progress on maintenance work orders and manage workflows for vendor payments, among other capabilities. The per-unit and monthly minimum prices could be prohibitive for smaller property management companies.
AppFolio
Best enterprise property management software
Price
Why we picked it: AppFolio, like Yardi Breeze, is heavy on features and high on price and therefore better suited to larger property management businesses. AppFolio stands out, however, for its student housing property management features, which include the ability to manage rents and vacancies by the bed without changing the lease for all the residents in a unit. AppFolio’s software also includes a number of automated and AI-driven capabilities.
DoorLoop
Best lease accounting software
Price
Why we picked it: DoorLoop’s software includes all the primary accounting functions you need, such as income and expense management across multiple properties, reporting and automated bank reconciliation (although reconciliation is not included in the Starter plan). The software is also packed with lease management features like tenant screening, maintenance management, online listing marketing, a tenant portal and more.
Billie Anne Grigg contributed to an earlier version of this article, which was first published on Fundera, a subsidiary of NerdWallet.
Methodology
NerdWallet independently reviews accounting software products before determining our top picks. We collect the data for our software ratings from products’ public-facing websites and from company representatives. Information is gathered on a regular basis and reviewed by our editorial team for consistency and accuracy.
NerdWallet’s accounting software ratings favor products that are easy to use, reasonably priced, have a robust feature set and can grow with your business. The best accounting software received top marks when evaluated across 10 categories and more than 30 subcategories. Learn more about how we rate small-business accounting software
These ratings are meant to provide clarity in the decision-making process, but what’s best for your business will depend on its size, growth trajectory and which features you need most. We encourage you to research and compare multiple accounting software products before choosing one.
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