We ask users of our quote request service to describe their property management software purchasing requirements in detail so the vendors we match them to can provide customized information in response. Now we're sharing these buyer requirements with you.
We hope these user comments help you get a sense of what types of property management software other users are choosing and what considerations are important to the average buyer. Take a look and you'll probably see some responses that are relevant to your business.
BuyerZone user comments: property management software purchasing requirements
"I am currently have my Real Estate license and have a relative that would like me to property manage their home."
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Accounting/Finance, Real Estate, Sacramento, CA
"We are starting a property management company and need to stay within budjet. This is something we are planning to upgrade in 12 to 18 months."
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Partner/Principal, Real Estate, Denver, CO
"This solution must provide integrated contact, history and accounting functions for multiple properties and ownership structures."
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CEO/President/Owner, Real Estate, Citrus Heights, CA
"We currently use quickBooks. We need to have a program with stong features of apartment maintence tracking and repair maintenance tracking. In addition we need features to monitor lease renewals and tenant information. Along with all necessary income and expense reporting."
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General Manager, Real Estate, Springfield, IL
"Contact database for vendors,customers,Leasing-sales leads follow up.Cash basis Reports for income and expenses that show the complete cash in and cash out, For example, Accounting programs include only interest expense portion not the entire payment in the income expense report. Also if a tenant pays an prior months invoice this amount will not show as income in the current month since it was attributed to an earlier months invoice. True cash flow accounting for the simple businessman is required for my reports to the owners."
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Partner/Principal, Real Estate, Bay Harbor Islands, FL
"Common area maintinance billing must be very detailed and able to handle 10 differant ways to split up cams and cam billings. Also want to be able to have the lease abstract cross over to the accounting side to avoid re-input. Must have a budgeting component 1 year - 5 year. Must be able to handle capital improvements. Must be very easy to use. Multiple charts of accounts, based on property type. Must be easy to customize, billings, reports, program."
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Consultant, Real Estate, Huntington Beach, CA
"Ability to print reports and track transactions with all information needed for filing taxes."
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Accounting/Finance, Real Estate, Ojai, CA
"Track office to office moves [phone # & Computer data]Track names to specific office space & moves.Sort sq. footage to charge different cost centersProgram that would show office layout [dimensions of room]."
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Buyer, Financial Services, Las Vegas, NV
"Reports for owners, print checks keep up with accounting--tenants payments."
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Buyer, Real Estate, Nashville, TN
"I have a property that includes condo rentals, vacants for rent, vacants for sale, rentals for sale. I manage a staff including concierge, maintenance, cleaning crew and a multitude of vendors. Need software that is flexible."
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Partner/Principal, Real Estate, Dallas, TX
"Our clients own a strip mall with 3 stores. They are all long-term tenants, so we don't need contact management, and we don't need maint. requests, etc. All I really need is a way to track the rent, CAM and utility payments coming in, and an easy way to bill the tenants for any unpaid amounts. The CAM is very important here - we will not consider software that will not do CAM reports.Thank you!"
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Buyer, Legal, Cleveland, OH
"Current Portfolio *79 single family hones*new home flips / resale/investment rentals*third party management reports needed for clients*need reports that track depreciation, amatorization on loans, etc...*must be able to code split payments for HUD-Tax-Credit and Section 8 full and partial payments.*optional misc. billing per unit*Generation of Loss to lease, vacancy, delinquency etc.... reports. *Web capabilities for potential clients to view available units and submit rental application on line.*ability to accept credit card payment via web*ability for clients to submit maintenance requests via web."
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General Manager, Real Estate, Lubbock, TX
"Just starting up a new property management business. Would like something friendly to starting up a new business."
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Buyer, Real Estate, Silverton, OR
"I would like to be able to accept online payments for applications and deposits."
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Buyer, Real Estate, Punta Gorda, FL
"1) ease of use, availability training and support2) ease of integration with accounting software if not already a full accounting solution.3) value of price for product."
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Office Manager, Real Estate, Millington, TN
"I am a real estate appraiser. i want to use it to prepare stablized income and expense statements."
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CEO/President/Owner, Real Estate, Wynnewood, PA
"We are looking for one easy to sue software that will allow us to manage our 54 tenants office spaces. The office size would be 10x10 or 10x20. We are providing all the necessary services to our tenants, including the IT services, computers and other hardware, IP Phones, and accessories, Printers and single copy center as well. Also included is storage space for our tenants for either themselves or to have inventory if they distrbute supplies or other items. This size is the first location with 2 other locations having 125 offices total in the same area. Other expansion is to 3 other states, Washington, Oregon and California."
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Buyer, Information Services, Caldwell, ID
"Expanding quickly. Need an easy and effective software with minimum training time."
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Partner/Principal, Real Estate, North Las Vegas, NV
"Tenant payment history, integration with excel, turbotax, letterwriting export to word, lease terms, ability to forecast, budget are all important issues."
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Consultant, Financial Services, Williamsville, NY
"It has to be reliable, automatic backup preferred. needs to be easy to use as staff training is expensive. also needs to work quickly, our current system takes to long to perform funtions even when used with new computers using vista."
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Partner/Principal, Real Estate, Portland, ME
"I want to talk to a specialist.I bought two shopping ceneters and I am trying to take over the management of the centers. I know quite well the management, I don't know anything about accounting.I do have engineering degree."
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Facilities/Operations, Real Estate, Fullerton, CA
"We will continue to be growing our portfolio about 500 units a year and will need a flexible and powerful program to go with us."
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General Manager, Real Estate, Orem, UT
"I currently have two seperate companies. One Co. is a homeless shelter and the other builds and manages subsidized apartment buildings. I'm looking for the ability to keep individual financial records and be able to run consolidated reports."
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Accounting/Finance, Non-Profit, Lowell, MA
"Today I am managing my own real estate only. In 2 years I will be expanding to 4 offices and approximately 2400 units in 4 different cities. There for I would like a system that is expandable and interfaces with a web page."
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CEO/President/Owner, Real Estate, Ashtabula, OH
"Must allow us to generate reports easilyand to write checks to both venders and clients without a lot of hassle. We areusing Quick books now and would like something more specific."
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CEO/President/Owner, Real Estate, Lake Forest, CA
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