Best Accounting Softwares for Real Estate Investors

The right real estate accounting software can make a big difference to your business. It can help you efficiently perform financial transactions. It also lets you know how your investments are performing in real-time. Some real estate accounting software also includes property management tools.

Of course, the best software for your firm depends on your needed features. To help you decide, here’s a roundup of the best accounting software for real estate.


AppFolio works well for both beginner and advanced accountants. It has basic and advanced features, as well as a mobile app. It is smartly automated and comes with Core and Plus plans, depending upon needs and budget. However, you may find even the Core plan to be pricey if you are a smaller investor. For example, onboarding fees are at least $400, and the minimum monthly fee is $280. Larger investors who choose the Plus plan will pay a minimum monthly fee of $1,500. The Plus plan offers integrations, performance management, revenue insights, and basic accounting functions.

Rentec Direct

Rentec Direct allows you to add extra users easily and for free. You can give users different permissions. A basic version for up to 10 properties is free. Advanced versions are $35 to $40 a month, with some add-ons costing extra. The software also offers unlimited free support.

An advantage of Rentec is that it streamlines the rental process. It also includes other property management features in addition to accounting functions. It synchronizes with Quickbooks but does not integrate with many other business software tools.


Buildium is a cloud-based tool that was designed by property managers. It has three plans: Essential, Growth, and Premium. Essential starts at $50 a month and can support up to 150 units. The Growth Plan begins at $160 a month, and the Premium Plan begins at $460 per month. Both the Growth and Premium plans can support up to 5,000 properties. Premium has more features than the other plans, including property management features beyond accounting.

Buildium offers several tutorials to help users learn how to use its features. It also integrates with several other business software programs.

Property Matrix

Property Matrix is a highly customizable software tool designed for those with various levels of accounting experience. It has several advanced accounting features. It is website based but has a mobile app.

It offers three pricing plans: Standard, Pro, and Enterprise. Standard is $400 a month and includes up to 250 units. Additional units are an additional monthly charge. The Pro Plan includes a commercial properties module and is $475 monthly for up to 250 units. The Enterprise Plan has all the Pro Plan features and is $1,200 monthly for up to 800 units. Additional units are an extra charge.


Stessa is a free automated bookkeeping and financial tracking software tool designed by landlords. It syncs with bank accounts and has the option to create various financial reports. It lacks the tenant screening, property advertising, and other property management features that most fee-based tools have.

Rent Manager

Rent Manager is an integrated accounting and property management software. It has several advanced features, including online payment portals and marketing, leasing, and operations features. It is customizable and integrates with about 100 other business software tools.

Rent Manager has a website version, mobile app, and standalone version. It doesn’t list pricing plans on its website.

MRI Software

MRI Software offers various accounting and property management features, including a commercial real estate module. Users can also add up to 175 integrations. Pricing is customized based upon the features and integrations the investor chooses.

The software also has a partner connect program where investment businesses can find other services and solutions. For example, users could add third-party automation tools, renter’s insurance, or advanced tenant screening tools.

Summing Up

Accounting software can save you time and help you make sound investment decisions. You can choose from various accounting software tools. Some provide basic services, while others offer a gamut of property management services, including operations and marketing. Some are designed for experienced accountants, while others are beginner-friendly.

Some real estate investors, especially those who own only a few units, prefer to do their own accounting. Other investors, however, would rather spend their time researching other properties to buy or planning renovations. These investors could hire an in-house accountant. However, hiring a staff person costs money and time. You must run an ad, search resumes, and conduct interviews. You have to spend time onboarding.

Outsourcing at ShoreAgents in the Philippines

However, you can outsource your accounting to a trained real estate virtual assistant.  ShoreAgents will find qualified candidates for you to interview, and handle the onboarding process. Because we are located in the Philippines, you’ll pay less per hour than in many other countries, such as the United Kingdom, United States, Australia, or New Zealand. Contact us today to see how we can help you save.


Submit a Comment

Your email address will not be published. Required fields are marked *

one × five =

    Fight Fomo! Subscribe Now!

    We are addicted to all things Real Estate! In our newsletter you will receive FREE tips on how to generate more leads, cut costs and automate your business.

    Guest Experts

    CIPS, TRC, Founder and Managing Director of property management business solutions company ireviloution is an international real estate identity who has coached, mentored and trained over a thousand of property management teams and business to success and thousands of individual property management business owners and property managers worldwide.

    Jo-Anne Oliveri

    A co-founder of LockedOn – a powerful, easy-to-use real estate CRM platform that makes listing and selling simple. With over 15 years in software development experience in the real estate industry, Iain has helped create software solutions that have enabled thousands of agents create lasting relationships with their customers.

    Iain French

    He is the Founder of the hugely successful Offer Management Platform, Market Buy, and a career real estate agent spanning 22 years. He has worked in all facets of real estate and has won many awards over the years for Innovation, Sales volume, and office performance. Dave is dedicated to improving the real estate industry and providing agents with the tools they need to survive and thrive in an ever-evolving business environment.

    Dave Stewart

    She is the founder of Rent Roll Starter and specialises in helping independent real estate agents to start and build their own Rent Rolls, using affordable (and sometimes free) marketing and growth strategies.

    Ellen Bathgate

    He is the Co-Founder and CEO of the Melbourne-based proptech start-up Rental Heroes. He is passionate about applying innovative digital solutions to help people connect better. Like many Australians, Ben and his co-founder Dom, have been both tenants and landlords. They founded Rental Heroes because they saw an opportunity to speed up issue resolution and automatically handle common tenant requests 24/7 (everything from a broken dishwasher a to pet requests!). Rental Heroes have launched their AI-chatbot “Alex” - who helps property managers by liaising directly with tenants to handle everyday requests and issues.

    Ben Burton

    With more than 15 years experience as a professional real estate photographer, Brad has a deep understanding of what it takes to showcase a home in its best light. After photographing homes all day and editing them all night, Brad decided to create, which has become the ultimate photo editing portal for everyone from professional photographers, real estate agents, to property managers.

    Brad Filliponi

    With extensive digital experience spanning over 30 years, He is a full-service mobile marketing business specialist and chatbot ninja. Mike helps empower small business owners and real estate agents to achieve marketing success on Facebook by generating leads through conversation.

    Mike has built the marketing platform and designed the Facebook strategy using old school systems so that Real Estate Agency owners can build the most effective marketing lists as well as own the data from advertising and marketing. Following Mike’s vendor paid 12-point strategy over 12 weeks will build a list of over 1,000 prospects segmented into Buyers and Sellers that teaches Facebook who should see your ads in the future.

    Mike Hillsdon

    Sarah has emerged as a highly sought after speaker and panelist on the intersection of artificial intelligence and human systems in real estate. Sarah is passionate about helping agents and organisations to understand this new technology, simply, so they can make confident and informed decisions about how to adapt to a future of work where human and digital resources collaborate.

    Sarah Bell

    Joel is the founder of Property TV and has worked with some of the most innovative companies in Australia, USA and Europe. He is the former CEO of Californian PropTech entity Transmit Data and former CIO for a Silicon Valley technology incubator, Joel has been at the forefront of property marketing and technology for the past 15 years. Joel is also the former CIO of the Australian Property Institute and former Head of Technology for real estate franchise group, Raine & Horne.

    Joel Leslie

    He is a mental skills & mindset coach, and founder of  Jet Xavier Consulting Agency. Jet Xavier has conducted over 4000 elite human performance coaching and training sessions with various real estate agents and major agencies across Australia and overseasHe is a pioneer in the Real Estate industry as his training and coaching techniques bring the latest neuroscience, positive psychology, and elite human performance models to agents and principals helping them to create success at every level.


    Jet Xavier

    He is the founder & CEO of Craig has spent the last 25 years at the forefront of technology, marketing, and business building in Australia and around the world. He has built and sold 2 technology companies to NYSE listed US companies.
    Having worked with Google, Amazon, Telstra as a technology provider to some of the largest Industry brands including REA, Corelogic, LJ Hooker, REIQ, and many others in the Real Estate industry.
    What separates him from most is a rare mix of technology innovation that can be applied to business growth and marketing strategies.


    Craig Deveson

    He is a dynamic and seasoned leader and expert in the world of both technology and property. For over 20 years, Josh has been using his expertise in strategy, product, technology, and marketing to make significant notable transformations in Fintech, PropTech, and the interplay of technology and humans. Josh now leads PropTech start-up company Little Hinges, a world leader in digitising space.


    Josh Callaghan

    He enjoys using construction principles to help businesses grow. He studied Civil Engineering and worked in construction for over a decade. Jarren founded Harvey PM Services to help business owners discover their foundations and turn their blueprints into reality. He is currently working with partners in Australia to shake up the property management world.


    Jarren Harvey

    He is the Chief Digital Strategist at Market Buy – Online Offer Management, he’s a Facebook Certified Professional and has spent the last 30 years working in tech, the last 10 specifically in prop tech. While John spends most of his time building out Market Buy’s digital strategy, he’s also responsible for Check My House Price and has generated over $1.6billion worth of commission leads for agents throughout Australia and New Zealand.


    John Hellaby

    Still want to know more about our services?