Property Management Software Prices
The costs of property management software depend solely on the solution you choose (in-house or web-based) and the size of your operations. If you are looking to manage operations at a 500 room hospitality chain you are going to need a robust customer data warehouse, where a basic landlord will need tenant tracking tools.
Average on-site software systems can run anywhere in the range of $1,500 to $5,000 to get up and running. This includes basic features and installation. However if you are managing enormous properties, locally hosted property management software can run in the $25,000 range. The price is largely based on how many units you are managing and what additional features you need. With these prices you will typically receive a website and data migration tools in addition to your software.
Web-based software solutions are typically simpler to assess ROI, when evaluating price quotes. Typical web-based systems will run anywhere in the range of $20 per month to $250 per month. The solution depends on the commercialization of your property, if you are tracking inventory, or managing multiple projects. $200 per month software is typically scalable up to around 7,500-10,000 units.
With any purchase, the price may seem like the deciding factor, but remember, effectively managing your property should be a main concern. Don’t skimp on something that is only going to get half of the work done. To assess price quotes from property management software vendors, click here.