#10: PropertyMe: Rental Property Software with Specialized Trust Accounting Features
PropertyMe® is a rental property management solution that can help with a focus on both accounting and tenant and owner communication..
Features
While PropertyMe has basic listing, inspection, and bill management features, the software mainly focuses on accounting.
With the software you can store files, statements, and bank transaction data into the platform for reference and reporting purposes.
The software lets you process single or bulk disbursements with different payment options for owners with automated reminders whenever a disbursement is due. You can also set up automated bank account reconciliation and autopay for certain types of fees, including admin, management and letting.
If you’re managing a sale, you can create a sales agreement and statement for a seller and process transactions and receipts using PropertyMe’s reporting tools.
Pricing
PropertyMe’s pricing is split into three tiers: Basic, Standard, and Premium. Each tier is charged based on the number of properties in your portfolio and the charge is calculated in 100-property increments.
The Basic plan starts at $172.50 per month for 100 or fewer properties, plus a $900 onboarding fee. The plan includes most of the features discussed above, such as trust accounting and reporting, importing transaction files, messages, job and inspection management, and mobile app access.
The Standard plan starts at $310.50 per month for up to 200 properties (larger portfolios will cost slightly less per property), plus the same $900 onboarding fee. Beyond the features included in the Basic plan, the Standard plan also includes recurring invoices, bank feeds, an automation studio, more cloud storage, a business insights dashboard and report, and key management.
The Premium plan starts at $414 per month for 200 up to 200 properties (larger portfolios will cost slightly less per property), plus the $900 onboarding fee. In addition to the Standard plan’s features, you’ll also have access to PropertyMe API and Customer Success Manager service.
Note that the onboarding fee jumps up to $1,348 for when you onboard more than 400 properties and $1,800 when you onboard more than 900 properties.
