What is the main function of property management software?

The primary purpose of property management software is to streamline property management operations, which encompass a variety of tasks essential for the effective management of rental properties. This includes enhancing communication between property managers and tenants, automating processes like rent collection, managing maintenance requests, and keeping track of financial information such as income and expenses related to property management.

By integrating these functions into a single software platform, property management software improves efficiency, reduces the likelihood of errors, and saves time for property managers. This allows them to focus on providing better service to tenants and optimizing the performance of the properties they manage.

While assessing property value and managing real estate sales are important aspects of the real estate industry, they fall outside the core functionalities of property management software. Instead, such software focuses more on the ongoing management of properties rather than the transactional or research-oriented tasks associated with buying or selling real estate or evaluating market trends.