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Real Estate Accounting Software Comparison – Buildium, AppFolio and Yardi Voyager
Real Estate Accounting Software Comparison – Buildium, AppFolio and Yardi Voyager

February 16, 2024

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Real estate accounting software makes life easier for real estate professionals. They help manage multiple properties, handle complex lease agreements, and deal with a range of financial and compliance requirements.

However, finding the best real estate accounting software for your business is not always easy. You need to consider a plethora of functions and factors, which can be overwhelming. But since the software can significantly transform your business, you must put in the required time and effort in making your pick.

The three most popular real estate accounting software today are:

  • Buildium
  • Appfolio
  • Yardi Voyager

All three software are highly rated and great at what they do. But which one will best suit your needs?

To make your choice easier, we’ve outlined the main features of all three software below, along with their pros, cons, and pricing. Once you identify the features that are most useful for your business, you will be able to make an informed decision.

Buildium Vs Appfolio Vs Yardi Voyager: Product Description

Buildium, Appfolio and Yardi Voyager are all real estate accounting software, but they differ in their functions.

Buildium

Buildium is a cloud-based property management software that provides accounting, communication, and task management tools for property managers. It allows real estate professionals to track rent payments, manage maintenance requests, and screen tenants, among other things.

AppFolio

AppFolio is another cloud-based property management software similar to Buildium but with additional capabilities such as lead tracking, digital leases, and advanced performance insights. AppFolio also provides a mobile app making it easy for property managers and tenants to access information on the go.

Yardi Voyager

Yardi Voyager is a more comprehensive property management solution that includes asset management, investment management, financial accounting tools, and property management features. It is designed for enterprises that manage a large portfolio of properties. Yardi Voyager provides a wide range of functionality to manage all aspects of real estate operations.

Which Software Should You Choose?

Buildium or Appfolio may be a better fit if you have a small-scale operation, as they offer more affordable pricing and simpler interfaces. While Appfolio has an intuitive user interface and comprehensive features, Buildium is best known for its accounting and reporting capabilities.

On the other hand, Yardi Voyager may be ideal for larger enterprises, as it offers a higher degree of customization and functionality. However, it also comes with a higher price point and a steeper learning curve than Buildium and Appfolio.

Ultimately, the right choice of accounting software depends on your specific needs and the budget of your real estate business. 


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OHI is a specialized finance and real estate accounting outsourcing service provider with operations out of New Delhi (India) since 2006 and having a representative office in New York and California We have strong functional outsourcing expertise in end to end accounting processes covering routine accounting activities (AP, AR, GL, Recos), payroll, month end closing and reporting, and year-end finalization processes. Our team also has rich experience in financial modeling, financial analysis, business research and business plan formulations.

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