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Shreyas Patil
- Updated:
In the rapidly evolving real estate sector, property management software (PMS) has become indispensable. These platforms streamline operations, enhance tenant relations, and boost profitability for property managers and landlords. Astonishingly, the global property management software market is projected to grow from $24.18 billion in 2024 to $52.21 billion by 2032, exhibiting a CAGR of 10.1% during the forecast period.
Below is a comparative overview of the 11 largest property management software companies, highlighting their revenues, growth, and market share.
| Company | 2024 Reve (USD) | 2023 Reve (USD) | 2022 Reve (USD) | 2021 Reve (USD) | YoY Gr (%) | Market Share (%) |
|---|---|---|---|---|---|---|
| Yardi Systems | 1.3 billion | 1.2 billion | 1.1 billion | 1.0 billion | 8.3 | 25 |
| RealPage | 1.7 billion | 1.6 billion | 1.5 billion | 1.4 billion | 6.3 | 30 |
| AppFolio | 623.29 million | 550 million | 480 million | 420 million | 13.3 | 12 |
| Entrata | 446.6 million | 400 million | 360 million | 320 million | 11.5 | 10 |
| Buildium | 50 million | 45 million | 40 million | 35 million | 11.1 | 5 |
| Rent Manager | 16 million | 14 million | 12 million | 10 million | 14.3 | 3 |
| DoorLoop | 14.9 million | 12 million | 10 million | 8 million | 20.8 | 2 |
| TenantCloud | 5.09 million | 4.5 million | 4 million | 3.5 million | 12.5 | 1 |
| Rentec Direct | 1.5 million | 1.3 million | 1.1 million | 900,000 | 15.4 | 0.5 |
| RentRedi | 3.9 million | 3 million | 2.5 million | 2 million | 18.2 | 0.8 |
| MRI Software | 500 million | 450 million | 400 million | 350 million | 11.1 | 9 |
1. Yardi Systems
Company Overview: Founded in 1984, Yardi Systems offers comprehensive property management solutions for residential and commercial real estate.
2024 Revenue: $1.3 billion
YoY Growth: 8.3%
Market Share: 25%
Recent Developments:
- In May 2024, Anant Yardi, founder of Yardi Systems, took control of WeWork, aiming to integrate property management solutions into co-working spaces.
Top Features:
- Comprehensive property management
- Accounting and financial reporting
- Tenant and lease tracking
- Maintenance management
Pros and Cons:
| Pros | Cons |
|---|---|
| Comprehensive feature set | Complex interface for beginners |
| Scalable solutions | Higher cost for premium features |
| Strong customer support | Occasional system updates required |
Website: Yardi Systems
Trustpilot Reviews: Yardi Systems on Trustpilot
2. RealPage
Company Overview: RealPage provides software and data analytics for the real estate industry, serving multifamily, commercial, and single-family properties.
2024 Revenue: $1.7 billion
YoY Growth: 6.3%
Market Share: 30%
Recent Developments:
- In August 2024, RealPage faced a lawsuit alleging facilitation of rent price coordination among landlords.
Top Features:
- Revenue management
- Tenant screening
- Property marketing
- Facilities management
Pros and Cons:
| Pros | Cons |
|---|---|
| Robust analytics | Legal challenges affecting reputation |
| Wide range of features | Potential data privacy concerns |
| Industry leader | High implementation costs |
Website: RealPage
G2 Reviews: RealPage on G2
Trustpilot Reviews: RealPage on Trustpilot
3. AppFolio
Company Overview: AppFolio offers cloud-based property management solutions tailored for residential, commercial, and community association properties.
2024 Revenue: $623.29 million
YoY Growth: 13.3%
Market Share: 12%
Recent Developments:
- AppFolio announced AI-driven enhancements in 2024, including predictive analytics for maintenance and lease renewals, aimed at reducing operational costs for property managers.
- Partnered with Zillow to integrate advanced marketing and lead generation capabilities for rental properties.
Top Features:
- Cloud-based accessibility
- Intuitive user interface
- Built-in accounting and reporting tools
- AI-driven workflows for maintenance and leasing
Pros and Cons:
| Pros | Cons |
|---|---|
| User-friendly interface | Limited customization for advanced users |
| Robust mobile app | Higher price point for smaller portfolios |
| Advanced AI tools | Occasional delays in customer support response |
Website: AppFolio
Trustpilot Reviews: AppFolio on Trustpilot
4. Entrata
Company Overview: Entrata specializes in property management platforms for residential communities, focusing on multifamily, student housing, and commercial real estate.
2024 Revenue: $446.6 million
YoY Growth: 11.5%
Market Share: 10%
Recent Developments:
- Launched Entrata Insights, a powerful business intelligence tool that enables real-time portfolio performance analysis.
- Expanded into international markets by entering the UK and Australian real estate sectors in 2024.
Top Features:
- Marketing and leasing tools
- Online rent payment systems
- Resident portal and engagement solutions
- Advanced reporting and analytics
Pros and Cons:
| Pros | Cons |
|---|---|
| Wide feature set for multifamily housing | Occasional bugs in new releases |
| Efficient payment processing | Higher learning curve for beginners |
| Strong customer support | Additional fees for advanced features |
Website: Entrata
G2 Reviews: Entrata on G2
Trustpilot Reviews: Entrata on Trustpilot
5. Buildium
Company Overview: Buildium provides property management software designed for small to mid-sized property managers and homeowners' associations (HOAs).
2024 Revenue: $50 million
YoY Growth: 11.1%
Market Share: 5%
Recent Developments:
- Introduced eSignatures in 2024, streamlining document management for leasing and compliance.
- Partnered with leading payment gateways to expand payment options for tenants globally.
Top Features:
- Tenant and lease tracking
- Maintenance management
- Accounting tools tailored for property managers
- Online rent collection
Pros and Cons:
| Pros | Cons |
|---|---|
| Affordable for small businesses | Limited scalability for large enterprises |
| Easy to use | Fewer advanced reporting features |
| Integrated rent payment systems | Customer support can be slow at peak times |
Website: Buildium
G2 Reviews: Buildium on G2
Trustpilot Reviews: Buildium on Trustpilot
6. Rent Manager
Company Overview: Rent Manager is a powerful software platform built for landlords, property managers, and real estate professionals across various property types.
2024 Revenue: $16 million
YoY Growth: 14.3%
Market Share: 3%
Recent Developments:
- Introduced automated vacancy marketing tools in 2024 to fill properties faster.
- Partnered with leading utility billing companies to simplify billing for multi-tenant properties.
Top Features:
- Customizable dashboards
- Tenant communication tools
- Accounting and ledger systems
- Marketing automation
Pros and Cons:
| Pros | Cons |
|---|---|
| Highly customizable | Steeper learning curve |
| Strong focus on automation | Limited mobile app functionality |
| Great for multi-tenant management | Smaller user community for support |
Website: Rent Manager
G2 Reviews: Rent Manager on G2
Trustpilot Reviews: Rent Manager on Trustpilot
7. DoorLoop
Company Overview: DoorLoop focuses on providing intuitive, cloud-based property management solutions for residential and commercial portfolios.
2024 Revenue: $14.9 million
YoY Growth: 20.8%
Market Share: 2%
Recent Developments:
- Launched AI-powered document recognition features in 2024 to reduce paperwork time.
- Expanded integrations with accounting platforms such as QuickBooks.
Top Features:
- Lease tracking and automated renewals
- Maintenance management tools
- Invoicing and financial reports
- Mobile app for on-the-go access
Pros and Cons:
| Pros | Cons |
|---|---|
| Affordable pricing | Limited enterprise features |
| User-friendly design | Fewer integrations compared to competitors |
| Responsive customer service | Relatively new to the market |
Website: DoorLoop
G2 Reviews: DoorLoop on G2
Trustpilot Reviews: DoorLoop on Trustpilot
8. TenantCloud
Company Overview: TenantCloud is a cloud-based property management platform ideal for landlords managing smaller portfolios.
2024 Revenue: $5.09 million
YoY Growth: 12.5%
Market Share: 1%
Recent Developments:
- Rolled out TenantCloud Plus, a premium subscription service for expanded analytics and marketing tools in 2024.
- Introduced a tenant credit tracking tool to improve rental payment transparency.
Top Features:
- Tenant screening
- Rent payment tracking
- Maintenance requests management
- Basic accounting tools
Pros and Cons:
| Pros | Cons |
|---|---|
| Free plan available | Limited scalability for larger operations |
| Good for individual landlords | Fewer advanced tools |
| Mobile-friendly platform | Occasional lag on larger portfolios |
Website: TenantCloud
G2 Reviews: TenantCloud on G2
Trustpilot Reviews: TenantCloud on Trustpilot
9. Rentec Direct
Company Overview: Rentec Direct provides property management tools designed for small landlords and property managers, emphasizing ease of use and affordability.
2024 Revenue: $1.5 million
YoY Growth: 15.4%
Market Share: 0.5%
Recent Developments:
- Released Advanced Accounting 2.0, a comprehensive upgrade to its financial tracking capabilities, in early 2024.
- Added support for custom lease agreements tailored to local regulations.
Top Features:
- Tenant and lease tracking
- Online rent collection
- 1099 eFile integration for tax season
- Maintenance tracking and vendor management
Pros and Cons:
| Pros | Cons |
|---|---|
| Budget-friendly options | Limited features for larger portfolios |
| Great for individual landlords | Interface could be more modern |
| Responsive customer service | Not as scalable as competitors |
Website: Rentec Direct
G2 Reviews: Rentec Direct on G2
Trustpilot Reviews: Rentec Direct on Trustpilot
10. RentRedi
Company Overview: RentRedi caters to landlords and small property managers, offering cost-effective solutions for tenant management and communication.
2024 Revenue: $3.9 million
YoY Growth: 18.2%
Market Share: 0.8%
Recent Developments:
- Partnered with TransUnion in 2024 to provide landlords with advanced tenant credit and background screening options.
- Launched a tenant pre-screening chatbot to streamline application processes.
Top Features:
- Mobile-first tenant communication tools
- Rent payment collection
- Maintenance request management
- Tenant screening integrations
Pros and Cons:
| Pros | Cons |
|---|---|
| Affordable and easy to set up | Not ideal for commercial properties |
| Strong mobile platform | Fewer customization options |
| Continuous feature updates | Smaller market presence |
Website: RentRedi
G2 Reviews: RentRedi on G2
Trustpilot Reviews: RentRedi on Trustpilot
11. MRI Software
Company Overview: MRI Software is a global leader in real estate technology, offering solutions for residential, commercial, and corporate property management.
2024 Revenue: $500 million
YoY Growth: 11.1%
Market Share: 9%
Recent Developments:
- Acquired Integrity Lease Management in early 2024 to strengthen its lease management offerings.
- Unveiled MRI Living, a unified platform for multifamily property management and resident engagement.
Top Features:
- Flexible lease administration
- Financial forecasting and analysis tools
- Integrated facilities management
- Customizable reporting and dashboards
Pros and Cons:
| Pros | Cons |
|---|---|
| Global market leader | High implementation costs |
| Wide range of integrations | Complex setup process |
| Scalable for enterprise use | Occasional system updates required |
Website: MRI Software
Trustpilot Reviews: MRI Software on Trustpilot
Conclusion
The property management software industry continues to thrive, with technological advancements driving growth across all market segments. Whether you're a small landlord or a global enterprise, the right software can significantly enhance efficiency, profitability, and tenant satisfaction. From industry giants like Yardi Systems and RealPage to rising stars like DoorLoop and RentRedi, there's a solution for every need.
The competitive landscape also reflects a trend towards cloud-based, mobile-friendly, and AI-enhanced platforms, ensuring scalability and adaptability for future real estate challenges.
FAQs
What do most property managers make?
In the United Kingdom, property managers earn an average salary of approximately £31,447 per year. Entry-level positions start around £25,132 annually, while experienced professionals can earn up to £50,000 per year.
Who is the biggest property management company in the UK?
Land Securities Group plc, trading as Landsec, is one of the largest commercial property development and investment companies in the United Kingdom. As of March 2024, the company's property portfolio was valued at £9.8 billion.
What percent do most property management companies take?
In the UK, property management companies typically charge between 10% to 15% of the monthly rental income for their services. This fee can vary based on the level of service provided and the property's location.
How many properties does a property manager manage in the UK?
The number of properties a property manager oversees in the UK varies based on factors such as the company's size and the property types managed. On average, a property manager may handle between 50 to 150 properties. However, this number can be higher in larger firms or lower in boutique agencies.
What is the biggest responsibility for property management?
The primary responsibility of property management is to ensure the property's profitability and preservation. This involves tasks such as tenant acquisition and retention, maintenance and repairs, rent collection, and compliance with legal regulations. Effective property management aims to maximize returns for property owners while providing a safe and habitable environment for tenants.
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