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Practical guide

Property management software: definition, features and how to choose

What property management software is, the essential features across the whole rental cycle, and the grid for choosing the right tool, from landlord to agency.

By The Locagex editorial team · · 8 min read

Frequently asked questions

What is property management software?

It's a tool that centralises the letting of one or more properties: listings, applications, leases, inspection reports, rent, receipts, reminders, expenses, accounting and maintenance. It replaces the notebook, the spreadsheet and scattered exchanges with a single, traceable source.

Is property management software useful for a single unit?

Yes. Even with a single property, it keeps the payment history, issues receipts, stores the lease and the inspection report, and prevents disputes due to lack of proof. Its value grows with the number of properties, tenants and currencies.

What's the difference between property management software and an agency?

An agency manages on your behalf in return for a commission on rent. Software gives you the tools to manage yourself, or to manage better if you're an agency, in return for a subscription. With Locagex, the subscription is fixed and no percentage is taken from rent.

What is the most complete property management software?

The most complete is the one that covers the whole rental cycle without extra tools. Locagex brings together listings and marketplace, applicant selection, leases with electronic signature, inspection reports, reminders, invoicing, professional accounting, maintenance, messaging, multi-agency and multi-currency.

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