How Much Does Property Management Software Cost?

The cost of property management software varies widely. It typically ranges from $1 to $2.50 per unit per month for subscription models, with minimum fees often applied. Basic software can start around $25 monthly, while advanced solutions may exceed $500. Custom-built options can range from $40,000 to $250,000, depending on complexity and features.

The cost of property management software can vary significantly based on several factors, including the complexity of the software, the pricing model used, and the number of units being managed. Here’s a breakdown of the typical costs associated with property management software:

Development Costs

For custom-built property management software, the development costs typically range from $40,000 to $250,000. The cost can be categorized based on the complexity of the software:

• Simple Software: $40,000 to $60,000 (3 to 6 months development time)
• Moderately Complex Software: $60,000 to $100,000 (6 to 8 months development time)
• Highly Complex Software: $100,000 to $250,000 (9+ months development time) .

Subscription Costs

For off-the-shelf or cloud-based solutions, pricing models can vary:

• Per-Unit Pricing
• Typical Range: $1 to $2.50 per unit per month.
• Minimum Fees: Many providers have a minimum monthly fee, which can lead to higher effective rates for smaller portfolios.

Basic Subscription Level

• Average Price per Unit: $1.13
• Average Minimum Price: $124

Advanced Subscription Level

• Average Price per Unit: $2.67
• Average Minimum Price: $503

Flat Rate Pricing

• Basic Tier: $25 to $100 per month, with some products costing as low as $10 or $15 for minimal functionality.
• Advanced Tier: $75 to $500 per month, with most common prices between $100 and $250 .

In summary, the cost of property management software can range from free (for very basic solutions) to several thousand dollars for comprehensive, custom-built systems. The final pricing will depend on the specific needs of the property manager, including the number of units managed and the desired features.

To learn more about tools designed for your business needs, check out the following top picks: 

• Property Management Software for Small Landlords
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