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Finding the perfect property management software for your business is not a very easy task.
There is tons of research that needs to be done before investing in any property management software. Some of the things that property owners and managers must keep in mind when doing research are the features, the accessibility, and most importantly, the price.
Even then, there are many choices that offer similar sets of features and are even priced similarly. At this point, it can get really tricky. In order to make this decision, you need to consider the most immediate needs of your property management company.
In this property management software comparison guide, we will be going over three prominent choices in the real estate industry:
- DoorLoop
- MRI Commercial
- Yardi Voyager
All of these are very solid choices and are sure to transform the way that your business runs and operates. But there is only one that is best for you.
Below, we have outlined how DoorLoop vs. MRI Commerical vs. Yardi Voyager stack up against each other. You will also be able to discover which one of these choices is the best pick for your business.
Finding the Best Property Management Software
The first step in finding the best rental property management software is knowing exactly what you're looking for.
Some of the most essential things you should be considering when looking through your choices are the following:
- The features it provides
- How much it is going to cost
- How it compares to competitors
Once you have the answers to these questions laid out, it becomes much easier to determine which software is the best for you.
By the end of this guide, you should have a much better idea of which software is the best for you and your property management business.
Also, we recommend sticking around until the end of the guide; we'll be revealing our top pick for the best all-around software.
So, to begin, let's get into the features that each one of these property management software products provides.
MRI Commercial vs. Yardi Voyager vs. DoorLoop: Features
Accounting Suite
One of the most important aspects of property management software for property managers is its integrated accounting suite. This accounting suite is meant to be a set of tools that renders other financial software unnecessary.
MRI Commercial
MRI Commercial Management includes a wide variety of accounting tools. Some of the tools in MRI Commercial Management software include the ability to run custom reporting, manage accounts payable and receivables, and view a general ledger.
Yardi Voyager
Yardi Voyager also provides a full set of accounting and property management tools, complete with everything you will need to manage your company's financials. The features are similar to those of MRI Commercial, including a fully integrated system to accept online payments.
Although its accounting suite may be difficult to navigate, Yardi provides a variety of training, documentation, webinars, and many more things to help along the way.
DoorLoop
DoorLoop offers a very robust set of accounting tools that grants property managers the ability to manage all financial aspects of their business. Some features include the ability to pay rent online, functionality for tracking income, and a way to generate professional online documents. DoorLoop has the best tools to manage advanced setups, making it a leading property management software.
Also, DoorLoop conveniently integrates with QuickBooks, meaning you will not have to stop using your main solution if you really want to continue with it.
Tenant Portal
A tenant portal is a very unique and powerful feature that provides a lot of functionality to the tenant and the property manager.
Some of the features typical of a tenant portal include the ability to monitor tenant balances, communicate back and forth, send maintenance requests, and enable online rent collection.
MRI Commerical
The MRI Software offers a tenant portal in the form of a feature called Tenant Connect. This feature allows tenants to communicate back and forth with the property manager or owner, provides online sales tools, and increases tenant satisfaction.
Yardi Voyager
Yardi's tenant portal provides various features as well. Some of the features include rent tracking, late fee calculation, and tracking retail leases.
DoorLoop
DoorLoop's owner and tenant portals offer a unique variety of features to the tenant and to the property manager as well. Some of the features include debt collection, online maintenance requests, prospective tenants screening, and much more.
Communications
A very important aspect when it comes to managing rental properties, especially residential and association properties, is good communication. It's vital to maintain healthy communication among all parties to keep up tenant satisfaction.
MRI Commercial
MRI Commercial offers a very convenient and automated tenant communication system that allows for seamless communication between property managers and tenants. You can even send voice recordings automatically for things like rent reminders or maintenance request updates.
These features are mostly found in the MRI residential management software, as that is where it is most used.
Yardi Voyager
Yardi Voyager also provides valuable communication features that allow for quick and easy communication between the tenant and the property manager.
DoorLoop
DoorLoop allows you to communicate with tenants through a variety of means, including SMS text messaging, email, and directly with tenants through maintenance orders. This allows for more diversity in communications methods while still keeping everything centralized.
This means that you can provide your tenants with personal assistance any time there is an issue or a concern, and through whichever means is most convenient.
Maintenance Management
Taking care of maintenance requests is a major part of managing rental properties. It's the only way you can make sure your properties are always in good shape and condition.
MRI Commercial
MRI Commercial offers a facilities management service that allows users to completely manage maintenance requests. This feature also offers functionality to track all stages of maintenance and generate reports on them.
Yardi Voyager
Yardi Voyager's maintenance management system is very similar to that of MRI Commercial. Both offer the standard maintenance request system that allows you to manage multiple requests at the same time.
DoorLoop
DoorLoop makes maintenance management something very simple by giving property managers access to a plethora of features to track maintenance requests. Some of the features include automatic maintenance requests, vendor management, complete control over the service, and real-time data that generates request receipts.
Owner Portal
The owner portal is a feature common in property management software that grants owners access to various reports and lease management. You can also streamline communication with owners with this feature.
MRI Commercial
MRI Commercial offers an owner portal where users can manage all of their accounts and monitor rental income.
Yardi Voyager
Some of the tools that form Yardi's owner portal include a variety of calculators, quick and easy onboarding, and report generation.
DoorLoop
DoorLoop gives your owners access to everything needed to keep them happy and informed. They can view and print reports like their property’s balance sheet and income statements, and you can print checks directly from the app.
DoorLoop's owner portal also gives users access to online marketing, where they can list their residential properties and their commercial properties to reduce vacancy. This statistic can be tracked with the vacancy-tracking feature of the owner portal.
Pricing
Now that we know all about some of the features offered by these choices, let's learn more about how much these features are going to cost you.
MRI Commercial
An unfortunate aspect of MRI Commercial's pricing is that it is not listed directly on the website. This means users must contact the company to find out more about how much they will be paying based on their property portfolios and the features they desire.
Yardi Voyager
Yardi Breeze's pricing is directly listed on their website but comes with an interesting twist. The price that you will be paying for the software is based on what kind of property you will be managing.
Some of the different properties that can be managed using Yardi Voyager include the following:
- Residential properties
- Commercial properties
- Associations
- Manufactured housing
There are many more as well.
With the regular Yardi Breeze plan, you can manage residential and commercial properties. For residential properties, the price starts at $1 per unit, per month, with a minimum of $100 per month. For commercial properties, the price is $2 per unit, per month, with a minimum of $200 per month.
However, if you have any other kind of property, you must pay for the upgraded plan, Yardi Breeze Premier. The plan for each property type with Yardi Breeze starts at $1 per unit, but Breeze Premier goes up to $3 per unit with a $400 minimum.
DoorLoop
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If pricing is important to you, DoorLoop has you covered.
DoorLoop's Pro plan comes in at $119 per month for up to 20 units and includes features including but not limited to the following:
- Owner portal
- Bank reconciliations
- Custom website
The Premium plan comes in at just $169 for up to 20 units and includes the aforementioned features and more:
- Gmail and Outlook add-on
- API access
- Website portal integration
Of course, there's also the $59 Starter option, which has just about everything most property managers need out of their property management solution.
Want to see what our software is all about? Schedule a free demo today!
Our Pick
After carefully looking over these choices, there's only one that can be chosen as the best all-around software based on user reviews and ratings for real estate professionals.
This software provides the following and so much more:
- Award-winning support for their customers
- Very easy-to-use interfaces
- Affordable pricing
- Robust set of features
The suggested software here is none other than DoorLoop.
Want to get started with DoorLoop?
You can get full access to DoorLoop's features for just $49 per month to start.
Schedule a free demo and get started today!
Want to compare more property management software systems? Download this free whitepaper to get the inside scoop on the most popular picks!
Frequently Asked Questions
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