SOFTWARE PRODUCTS
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What property management software does your company primarily use? (91 respondents in 2007)
|
| Provider |
2007 |
2006 |
2005 |
| AMSI |
3.3% |
10.4% |
10.8% |
| Domin-8 |
2.2 |
.5 |
0 |
| Intuit/MRI
|
9.9 |
11.4 |
7.8 |
| Property Automation Software
(Tenant Pro)*
|
9.9 |
7.5 |
8.2 |
| Realeum (Foundation)
|
1.1 |
1 |
.4 |
| RealPage
|
12.1 |
10.9 |
9.9 |
| Rent Right
|
6.6 |
4 |
.4 |
| SS&C (Skyline)
|
1.1 |
3 |
1.7 |
Sage (Timberline)
|
3.3 |
3 |
6.9 |
| Yardi
|
26.4 |
21.4 |
21.6 |
What property management software company’s products are you most likely to consider purchasing in the future? (105 respondents in 2007)
|
| Provider |
2007 |
2006 |
2005 |
| AMSI |
10.5%
|
12.1% |
9.7% |
| Domin-8 |
8.6
|
6.7 |
1.9 |
| Intuit/MRI
|
23.8
|
24.2 |
22.5 |
| Property Automation Software
(Tenant Pro)*
|
26.7
|
20.2 |
16.7 |
| Realeum (Foundation)
|
0
|
4.5 |
2.3 |
| RealPage
|
21
|
17.9 |
23.6 |
| Rent Right
|
4.8
|
10.8 |
7 |
| SS&C (Skyline)
|
0 |
6.3 |
3.9 |
Sage (Timberline)
|
8.6 |
9.4 |
14.7 |
| Yardi
|
47.6 |
35 |
31.4 |
What product features are you most interested in having in a property management software product? (118 respondents in 2007, checking all that apply)
|
| Feature |
2007 |
2006 |
2005 |
| Property and lease-record management |
87.3%
|
77% |
76.3% |
| Lease administration/processing |
70.3
|
64.4 |
66.8 |
| General ledger/budgeting |
75.4
|
70.4 |
63.9 |
| Accounts payable
|
67.8
|
60.1 |
59.8 |
| Asset management
|
56.8
|
55.7 |
56.3 |
| Executive reporting/business intelligence
|
56.8
|
53.8 |
54.4 |
| Work orders and preventative maintenance
|
63.6
|
58.5 |
53.5 |
| Project management
|
45.8 |
50.2 |
50.3 |
Credit checks
|
48.3 |
42.7 |
44.3 |
| Web-based
|
44.1 |
46.2 |
37.7 |
| Criminal background checks
|
33.1 |
34 |
36.4 |
| Purchase-order module
|
25.4 |
33.6 |
27.5 |
| Dynamic pricing of units based
on market environment
|
24.6 |
24.1 |
27.2 |
| Payroll module
|
18.6 |
27.3 |
25.6 |
| Wireless
|
16.1 |
16.6 |
13.6 |
*Acquired in February by Domin-8
Source: Apartment Finance Today 2007 survey of multifamily owners, developers, and property management companies.
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Who Took
the Survey?
APARTMENT FINANCE TODAY'S 2007 Technology Survey received 167 responses from a broad spectrum of the industry. More than half of the respondents, 57 percent, hold the title of principal, partner, or owner, and the next largest group was presidents, chairmen, and CEOs, at 11.4 percent. Executive or senior vice presidents made up 10.8 percent of the respondents, with 10.2 percent holding the title of director. The rest of the field were managers or held other titles.
The company profiles were weighted toward the property owner/manager side, as more than half, 53.6 percent, fit that category. The next biggest groups were developers and diversified real estate firms, at 13.3 percent each. Property managers, builders, asset managers, and others made up the remainder. The overwhelming majority, 157 of 167, are private companies.
Respondents tended to be at smaller firms, with 56 percent saying they worked in companies with less than 10 people. Companies with 11 to 25 employees made up 12 percent of the field.
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