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Property Management Software · Rank #7 of 10

Propertyware review and pricing

Single-family rental specialist with RealPage ownership concerns.

By Propertyware (RealPage subsidiary) · Founded 2003 · Carrollton, TX · pe backed

Propertyware is the single-family rental management platform from RealPage, founded 2003 and acquired by RealPage in 2009. It is the most mature SFR-specialist product in the category. The product covers single-family rental and small multifamily with rent collection, lease management, maintenance, accounting, owner reporting, and tenant screening. Strengths: deep single-family rental specialization (very few competitors target SFR specifically), mature feature set for SFR operators with 100 to 5,000 doors, strong owner portal and reporting. Trade-offs: inherits the RealPage ownership chain (RealPage parent, Thoma Bravo PE), which means buyers carry the same DOJ antitrust concerns affecting the RealPage parent even though Propertyware itself does not use the YieldStar algorithm. Innovation pace has been slow since RealPage acquisition, UX is dated, and many SFR operators are migrating to AppFolio specifically to exit the RealPage ownership chain.

Visit Propertyware Vendor pricing Compare to RealPage
Best for

Single-family rental operators (100 to 5,000 doors) comfortable with RealPage and Thoma Bravo ownership chain wanting SFR-specialized product.

Worst for

Buyers avoiding RealPage ownership (AppFolio is the modern SFR alternative), multifamily-only operators (Buildium, Yardi, or Entrata better), or buyers wanting modern UX.

Vendor Trust Score

Is Propertyware a trustworthy vendor?

5.8/10
Caution
Pricing transparency
Published rates; no hidden fees
6.5
Contract fairness
Reasonable terms; no auto-renew traps
6.5
Incident response
How they handle outages and breaches
5.5
Post-acquisition behavior
Customer treatment after M&A or PE
5.0
Executive stability
Leadership churn over 24 months
6.0
Roadmap honesty
Public commitments held
5.5
Trust signal log
  • 2009-06-01
    Acquired by RealPage
    Began RealPage ownership chain
  • 2021-12-30
    RealPage taken private by Thoma Bravo
    Propertyware now Thoma Bravo PE-backed via RealPage parent
  • 2024-08-23
    DOJ files antitrust lawsuit against parent RealPage
    Affects parent vendor trust even though Propertyware does not use YieldStar
Vendor Trust is scored independently of product quality. A great product from an unfair vendor still earns a low trust score.
Review Intelligence

What 480 reviews actually say

Synthesized from G2, Capterra, Reddit, Trustpilot. Patterns >15% prevalence shown.

Last synthesized
2026-04-29

Praise patterns

  • Deep single-family rental specialization
    87% →
  • Mature SFR feature set
    71% →
  • Strong owner portal
    64% →

Complaint patterns

  • Innovation pace slow post-RealPage acquisition
    64% ↑
  • Concerns about RealPage parent antitrust lawsuit
    47% ↑
  • UX dated
    41% →
Sentiment trend (6 months)
62/100 -5 pts
12
01
02
03
04
05
Patterns are extracted from review corpus and human-verified. We surface trends, not anecdotes.
Verified Pricing

What buyers actually pay

142 anonymized deal disclosures · last updated 2026-05-01

Contribute your deal price
Company size Median annual
100-500 doors $4,188
500-2,500 doors $16,788
Verified pricing is crowdsourced from buyers under anonymity guarantees. Vendor-listed prices are validated against actual deals quarterly.
Compliance & Security

Auto-verified certifications

Verified 2026-05-01
SOC 2 Type II
ISO 27001
HIPAA
GDPR
CCPA
PCI DSS
FedRAMP

Editorial: Strengths

  • Deep single-family rental specialization
  • Mature SFR feature set
  • Strong owner portal and reporting
  • Open API
  • Mid-market SFR pricing

Editorial: Weaknesses

  • Inherits RealPage ownership chain and DOJ antitrust concerns
  • Innovation pace slow since RealPage acquisition (2009)
  • UX dated
  • Customer migration to AppFolio rising
  • Smaller integration ecosystem than AppFolio

Key features & integrations

  • +SFR rent collection and accounting
  • +Lease management
  • +Maintenance work orders
  • +Owner and tenant portals
  • +Online tenant screening
  • +Open API
  • +1099 filing
50+ integrations
Zillow Rental NetworkTruliaTransUnion SmartMoveHappyCoLatchel
Geography supported
United States
Best fit
1-200 employees · Single-family rental operators (100 to 5,000 doors)
Editorial deep-dive

Read our full ranking of Property Management Software

Propertyware ranks #7 in our editorial review of 10 property management software platforms. The deep-dive covers methodology, comparison tables, decision matrix, migration scoring, and FAQs.

Read the full ranking

Closest alternatives in Property Management Software

#6
RealPage
Largest revenue management installed base; defendant in DOJ antitrust lawsuit (Aug 2024).
★ 3.7 opaque
#8
TenantCloud
Modern SMB landlord platform with free tier.
★ 4.2 public
#5
MRI Software
Enterprise commercial real estate plus lease accounting (ASC 842) leader.
★ 4.0 opaque
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