Property Management Software Key Terms

Make the right purchase by understanding the key terms for property management software

Property management software key terms stress the basic software components needed to handle the documentation associated with being a landlord, property manager or owner. Property management is the common term for facility maintenance: all the expenses that go into the up keep of a building. There are many options for property management software, with many different functions and features.

 

Property management

Property management refers to the work performed for running an entire building including changing light bulbs, cleaning services, garbage pickup and other basic maintenance services. It also includes rental property maintenance.
Try: Quicken Property Management Software 2009 is an example of property management software that allows you to keep track of all expenses associated with general maintenance and rentals.

Tenant tracking or tenant tracker

Tenant tracking refers to software that keeps track of costs associated with tenants, including rents paid.
Try: Tenant Pro 7 is an example of tenant tracking software that is based on keeping track of costs associated with being a landlord.

Lease preparation

Lease preparation software prepares the legal contracts between owners and renters.
Try: Standard Legal provides an example of lease preparation software and its features.

Tenant screening

Tenant screening refers to the process of checking an applicant's credit history and eligibility to rent.
Try: ATenant Screen Online gives an overview of performing due diligence and tenant screening prior to accepting the prospective tenant.

Integrated software

Property management software that can be integrated with common office software is practical and efficient.
Try: Rez Stream Professional is an example of property management software that is able to be integrated with other software products.

Real estate management system

Real estate management system refers to property management software for large companies such as landlords or property managers of several buildings, retailers or restaurants.
Try: Virtual Premise software is an example of a real estate management system with capabilities for portfolio management, compliance management, abstracting, and more.

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