Quick Summary
This guide compares top tools like Revela, Rent Manager, and Stessa to help property managers reduce reconciliation errors, improve visibility, and automate trust accounting. Learn how these platforms support accurate reporting, streamline workflows, and scale with your growing portfolio.
Looking for the Top Tools for Managing Property Finances?
Handling accounting for multiple properties can be difficult, most especially when your tools weren’t built for it. Missed reconciliations, late payments, and clunky reporting all eat into your time and your bottom line.
That’s why in this Revela guide, we explored some top accounting software for property management, highlighting their key features, pros, and cons.
Why Listen to Us?
At Revela, we help property managers handle millions in rent and expenses every month. Our platform is purpose-built for real estate accounting, from trust compliance to multi-entity reporting. Backed by real-world experience and client success, we know what reliable property accounting software should deliver and what it shouldn’t.
What Is Property Management Accounting Software?
Accounting software helps businesses track income, expenses, and financial performance. For property managers, it goes further by handling rent payments, owner distributions, bank reconciliations, and trust accounting.
Instead of juggling spreadsheets or generic tools, specialised software centralises financial data, automates routine tasks, and ensures accuracy across multiple properties or entities. The result? Faster reporting, fewer errors, and clearer insights.
Why Is Property Management Accounting Software Important?
- Reduces Errors: Automates transactions and reconciliations to minimise mistakes.
- Saves Time: Streamlines monthly closes, owner draws, and reporting
- Ensures Compliance: Supports trust accounting and audit-ready financials.
- Improves Visibility: Offers real-time insights across properties and portfolios.
- Simplifies Growth: Scales with your business without adding manual work.
8 Best Accounting Software Solutions for Property Management
1. Revela: Unified property management software with enterprise-grade accounting and real-time reporting at its core
2. Rent Manager: Full-featured accounting and property operations with strong custom reporting
3. Yardi Breeze Premier: Streamlined platform with automated accounting and utility billing
4. Stessa: Simplified accounting for small landlords and investor portfolios
5. Propertyware: Accounting-forward platform with trust compliance and payout automation
6. Hemlane: Lease-to-lease management with basic accounting and tenant coordination
7. Rentec Direct: Budget-friendly software with full ledger accounting and tenant tools
8. MRI Software: Modular, enterprise-grade system with deep financial tools
1. Revela
Revela is a modern, all-in-one property management software built from the ground up with real estate accounting at its core. Designed for mid-market to enterprise portfolios, Revela replaces spreadsheets and patchwork systems with streamlined, automated workflows tailored for property professionals. It simplifies complex financial processes while keeping full audit trails and trust compliance front and centre.
Real-time reporting gives operators live insight into P&Ls, cash flow, and owner statements, enabling faster, more confident decisions, and rapid month end closes.
Key Features
- Automated Trust Accounting: Handles receivables, payables, and reconciliations with full audit trails.
- Real-Time Financial Reporting: View live P&Ls, cash flow, and owner statements in one dashboard.
- Embedded Owner Disbursements: Send payments directly from the platform—no external tools needed.
- Automated Bank Reconciliation: Match transactions, flag anomalies, and close books faster—no spreadsheets or manual work required.
- Multi-Entity Support: Manage finances across multiple properties or ownership structures seamlessly.
- Custom Approval Workflows: Tailor payment and invoice approvals to your team’s hierarchy.
- Tenant & Vendor Portals: Centralise payments, maintenance billing, and transaction history access.
Pricing
Revela offers custom pricing based on portfolio size and specific feature needs. A free demo is available for qualified property managers.
Pros
- Purpose-built for real estate accounting
- Reduces reconciliation time and errors
- Scales seamlessly for multi-property portfolios
- Improves reporting accuracy and compliance
- Dedicated onboarding and live support
Con
- May require some onboarding time for teams switching from legacy systems
2. Rent Manager
Rent Manager is a powerful, fully customisable property management software known for its in-depth accounting capabilities. It’s ideal for portfolios looking for a flexible solution that handles everything from GL to maintenance in one place.
Key Features
- Double-Entry Accounting: Includes full general ledger, accounts payable/receivable, and bank reconciliation.
- Customisable Reports: Generate detailed financial and operational reports tailored to your metrics.
- Rent Manager Online (RMO): Cloud-hosted version for remote access and real-time updates.
- Tenant Web Access: Offers online rent payment, maintenance requests, and communication.
- Integrations Marketplace: Connects with 150+ vendors for leasing, payments, and screening.
Pricing
Rent Manager offers tiered pricing, starting with Rent Manager Basic. Exact costs vary by feature set, users, and hosting preference. Free demo available.
Pros
- Strong accounting functionality for complex portfolios.
- Scalable with both on-premise and cloud options.
- Wide range of third-party integrations.
- Custom workflows and reporting flexibility.
Cons
- Interface feels outdated compared to modern alternatives.
- Setup can be time-consuming without expert help.
3. Yardi Breeze Premier
Yardi Breeze Premier enhances the core Breeze platform with advanced accounting, utility billing, and compliance tools, ideal for residential, commercial, and affordable housing portfolios. It delivers simplicity while offering enterprise-level features like utility invoice automation and AI-driven tenant support.
Key Features
- Built-in Accounting & AP/AR: Tracks revenue, expenses, trust accounts, and vendor payments with automation.
- Utility Billing & Invoice Processing: Monitors usage, flags anomalies, and facilitates bulk vendor invoice workflows.
- Resident Portal & Maintenance: Enables online rent, maintenance requests, and mobile updates for staff.
- AI Chat Support & CRM Tools: Includes chatbot for leads and tenant support, plus listings and leasing workflows.
- Custom Reporting & Analytics: Offers financial statements, owner reports, and scheduled packet delivery.
Pricing
Pricing tiers vary by property type (residential, commercial, affordable housing)
Pros
- High ease of use with intuitive UI and responsive chat support
- Affordable entry point with clear pricing structure
- Strong utility billing automation saves time and prevents errors
- Scalable across different property types with consistent features
Cons
- Integrations can be limited compared to competitors
- Complex fee structures for certain transaction types (e.g. ACH caps)
4. Stessa
Stessa is a user-friendly, cloud-based accounting platform tailored for real estate investors and smaller multifamily portfolios. It focuses on financial clarity, automating bookkeeping and performance tracking to help users monitor income and expenses with minimal setup.
Key Features
- Automated Bank & Rent Feeds: Syncs bank accounts and integrates rent collection for seamless tracking.
- Expense & Receipt Capture: Allows quick photo uploads and auto-categorisation of expenses.
- Profit & Loss Dashboards: Offers real-time P&L, cash flow, and owner distribution insights.
- Tax-Ready Reports: Generates Schedule E and 1099-ready statements for efficient tax filing.
- Document & Lease Storage: Centralises leases, receipts, and property documents in one place.
Pricing
Free plan includes core financial tools ideal for small portfolios. Paid tiers unlock features like rental dashboards, expense tracking, and priority support
Pros
- No-cost entry-level plan with generous accounting features
- Easy-to-use interface ideal for DIY landlords
- Automated tax and financial reporting save time
- Mobile-friendly receipt and transaction management
Cons
- Limited core functionality beyond accounting
- Not designed for large or field-heavy multifamily operations
- Support options can be basic in free tier
5. Propertyware
Propertyware is a scalable accounting and property management platform tailored for single-family and scattered-site portfolios. Built with flexibility and customisation in mind, it’s a strong fit for operators needing deep accounting tools and open integration options.
Key Features
- Robust Accounting Engine: Offers trust accounting, automated reconciliations, and audit-ready financials.
- Custom Dashboards & Reports: Enables tailored views of operational and financial performance.
- Tenant & Owner Portals: Facilitates rent payments, maintenance requests, and owner visibility.
- Maintenance Management: Tracks service requests, vendor work orders, and approvals in one place.
- Marketing & Leasing Tools: Publishes listings and manages applications through partner sites.
Pricing
Subscription-based model with tiered offerings: Basic, Plus, and Premium plans, priced per unit per month
Pros
- Strong customisation for reports and workflows.
- Built for high-volume single-family portfolios.
- Two-way API for third-party integrations.
- Scales well with portfolio growth.
Cons
- High minimum unit requirement.
- Interface can feel outdated.
- Implementation can be lengthy and complex.
6. Hemlane
Hemlane is a modern, user-friendly property management platform designed for DIY landlords and small-to-midsize operators. It blends automation with human support, offering tools for accounting, leasing, maintenance, and tenant communication.
Key Features
- Automated Rent Collection: Tenants pay online with auto-reminders and late fee tracking.
- Expense Tracking & Reports: Organises property expenses and generates financial summaries.
- Maintenance Coordination: Routes repair requests and connects with local service pros.
- Leasing & Tenant Screening: Automates listing syndication, background checks, and lease management.
- Team Collaboration Tools: Assigns roles to agents, owners, and managers with controlled access.
Pricing
Hemlane offers four plans: Free, Basic, Essential, and Complete, starting at $30/month plus $2 per unit. Higher tiers include maintenance coordination and leasing support.
Pros
- Great fit for remote landlords and small teams.
- Clean, intuitive interface with guided workflows.
- Combines software with optional local agent support.
- Transparent pricing with no long-term contracts.
Cons
- Limited accounting depth compared to enterprise tools.
- No trust accounting or advanced GL features.
- Reporting capabilities are somewhat basic.
7. Rentec Direct
Rentec Direct is an cost-effective, cloud-based property management software built for landlords and small- to mid-sized property managers. It offers strong accounting tools, maintenance tracking, and tenant communication features, all without the complexity of enterprise platforms.
Key Features
- Full Double-Entry Accounting: Includes ledgers, bank reconciliations, and financial statements.
- Online Rent Payments: Supports ACH and credit card payments with auto-posting.
- Tenant Screening Services: Offers credit, background, and eviction reports on demand.
- Maintenance Tracking: Logs and tracks service requests with vendor coordination.
- Custom Reporting: Generates detailed reports for income, expenses, and tax prep.
Pricing
Transparent, per-property monthly fee based on portfolio size. No setup fees or long-term contracts. 14-day trial for new users
Pros
- Affordable pricing for small-to-medium portfolios.
- Robust accounting with built-in reconciliation tools.
- Intuitive interface and easy setup.
- Good support and training materials.
Cons
- Limited scalability for larger or complex portfolios.
- Outdated UI compared to newer platforms.
- No open API for custom integrations.
8. MRI Software
MRI Software delivers a powerful, enterprise-ready accounting solution for large multifamily, commercial, and public housing portfolios. With a modular setup and extensive customisation options, it’s ideal for teams that need flexibility, integration, and compliance-grade financial control.
Key Features
- Enterprise Accounting: Delivers advanced, AR/AP, and trust accounting for large portfolios.
- Modular Architecture: Lets teams pick and integrate only the features they need.
- Custom Reporting Engine: Offers in-depth financial and operational reporting with full audit trails.
- Global Compliance Tools: Supports multi-currency, tax, and regional financial regulations.
- Marketplace Integrations: Connects with hundreds of partner tools through an open ecosystem.
Pricing
MRI Software provides custom pricing based on modules, portfolio type, and scale. A discovery call is required to assess needs and deliver a quote.
Pros
- Highly flexible and customizable to fit complex operations
- Enterprise-grade compliance and accounting features
- Extensive third-party integration support
- Backed by decades of industry experience
Cons
- Pricing and module structure can feel opaque without consultation
- Reporting and configuration may require specialists for initial setup
The Right Accounting Software Sets the Stage for Scalable Growth
Accurate accounting is the backbone of successful property management. But when you’re juggling multiple units, owners, and vendors, manual spreadsheets and outdated systems can lead to costly errors and wasted time. The right software helps you stay compliant, streamline workflows, and understand your portfolio’s financial health in real time.
For mid-market and enterprise operators, choosing the right tool can free up your team to focus on what matters most: performance, service, and expansion.
With enterprise-grade, trust-compliant accounting as its foundation and multi-entity support, Revela goes far beyond basic bookkeeping. It delivers accurate, audit-ready financials, streamlines complex workflows, and provides real-time visibility across your entire portfolio.
Book your demo today and see why growth-minded property managers trust Revela with their accounting.
