Property Matrix Pricing, Features, Reviews & Comparison of Alternatives

Property Matrix

Property management software

4.61/5 (31 reviews)

Property Matrix overview

What is Property Matrix?

Property Matrix gives you a user friendly and completely customizable cloud based software to handle your property management company. Designed to be accessed anywhere at anytime, it offers everything you need to keep your business running smoothly. From property accounting to building maintenance to owner and tenant portals, property management just got easier.

Property Matrix offers an enterprise class accounting systems built directly into the software. The software gives users access to detailed general ledgers, accounts payable and receivable, and the ability to see exactly where your revenue is coming from. Using recurring payments and accepting ACH, credit cards, and checks, Property Matrix makes it effortless for the manager to charge and collect rent.

The software was designed to allow the property manager to be in complete control. By giving them the ability to create custom fields and filters, they can adapt the software to fit their exact needs. Property Matrix also offers a customizable reporting system. Managers are no longer forced to choose from a set of templates, but rather run reports designed specifically for them.

Property Matrix not only gives the manager complete control, but the owner and tenant as well. Owner portals allow owners the ability to view owner statements and see all financial data about their property. Management fees can also be calculated automatically ensuring all owners receive their proper payments. Property Matrix has also designed a portal specifically for the tenant. Eliminating in person payments and late night maintenance phone calls, tenants can make rent payments and submit maintenance request straight from their portal.

Property Matrix eliminates the hassle of managing multiple properties giving managers more free time to focusing on growing their business.

Pricing

Starting from
$200/month
Pricing options
Subscription
Free trial
Value for money
View Pricing Plans

Devices

Business size

S
M
L

Markets

United States

Supported languages

English
Property Matrix screenshot: Free Building WebsiteProperty Matrix screenshot: Enterprise Level AccountingProperty Matrix screenshot: Free Online Marketing PostingsProperty Matrix screenshot: Properties PageProperty Matrix screenshot: Owners StatementProperty Matrix screenshot: Fully Customizable ReportsProperty Matrix screenshot: Online Maintenance Tracking

Property Matrix reviews

Value for money
Features
Ease of use
Customer support
  4.5
  4.4
  4.3
  4.8
Debbie Dey

Powerful property management software at a reasonable price

Reviewed 2015-12-15
Review Source: GetApp

As a sole proprietor of a property management company, I've found it difficult to stay on top of all my responsibilities outside the office. I was spending too much time at my desk entering data, answering email, and printing reports to properly manage my properties. Property Matrix software changed all that. The cloud-based program allows me to access data from any location and device. All my data is on one screen, so I'm always current on what's happening. I can view all building information, specific unit details, rental history and even add photos to the Properties Page.

Pros
Customization is critical in my business. I have multiple properties and owners, with each requiring different information. The Property Matrix software allows me to add the details I need so my owners (and tenants) can obtain the most current information possible.

Cons
I'm very pleased with the overall performance of this software. The only small critique I have is that the custom background themes are a little difficult to read. A few more choices would be nice other than white and blue. This is purely aesthetic and doesn't affect the performance of the software.

Rating breakdown

Value for money
Ease of use
Customer support

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John Hirzel

Awesome Management Software - Best I Have Used Yet

Used daily for 6-12 months
Reviewed 2019-10-22
Review Source: Capterra

We have seen a drastic amount of time reduced contacting tenants about payments as the system will generate an automatic text/email to alert them they need to pay their rent.

Pros
The onboarding was free and easy. The support staff is prompt and they take your suggestions and regularly integrate them into the software. Payment processing is free for incoming and outgoing ACHs which is unheard of (though they do take 5 business days). You can pay a fee to have them processed faster. This software has so many automation it cuts time sending statements, or emailing tenants. It has a great mobile app as well, you can run the entire system off a tablet or phone. Owner statements are a breeze and

Cons
There are a few issues I currently have, one being journal entries only allow for a general description of the entry so if I have something with accounts and I want to put a description on every line, that is not possible. Also in order to cut a check, a bill has to be generated, you can't just pick a GL account to put against the check (like QBs). I have mentioned these to the support team and they are doing what they can to implement these in future enhancements. You do pay for a full year upfront based on the number of properties but the cost of a year was still 1/4 of what we paid for our previous software.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Stephanie Cummings

Good for Residential Properties

Used daily for 6-12 months
Reviewed 2017-12-21
Review Source: Software Advice

Support staff is as helpful as possible, but the development team may be overwhelmed. Some things like flow of information from input to showing up on reports simply does not work, so there are several glitches which are confusing and concerning. The reports do look beautiful when they fully populate. Overall, a good choice for a small company dealing with residential property.

Pros
I like the layout of the property page and the ability to upload files and attach them to tenants. The navigation in that regard makes sense, and it allows for multiple companies to own different properties. Reports look nice.

Cons
Overall, it seems there is a lot that needs to be developed. The maintenance function for us has been unusable. The app does not work at all, so our maintenance staff has been unable to implement. The accounting features are not what we hoped for in regards to CAM functionality. As we have many commercial tenants, we were looking for a one- or two-click solution to bill triple net leases. While the developers have tried to customize this function for us, it has been several months without a real solution, which we were told would work upon purchasing the software. It was not as simple as promised to build a lease inside the program. Invoices are not easily customizable. The messaging feature has caused us miscommunication with our tenants and comes across unprofessional so we abandoned trying to use it. Messages will not bounce back if an incorrect address is used. The sender will not receive notification of any reply, you have to go in and check if the tenant has responded.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 6/10

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Anonymous

Seamless Application With an Effectual Maintenance Feature

Reviewed 2015-12-23
Review Source: GetApp

As a part time property manager, I had to search widely for a comprehensive but flexible and user friendly property management software to ease my work and reduce trips I make to properties I manage. After reviewing close to 20 of the top applications, I narrowed my focus down to 5 apps, before ultimately settling on Property Matrix largely due to their responsive support team, simple user interface, and excellently optimized accounting, marketing and maintenance features. Because of its systematically organized Maintenance feature, I’ve cut down on the trips I make to my properties by almost 75%. Firstly, instead of waiting for phone calls from tenants, all maintenance requests can be raised straight through the tenant’s portal. I immediately pick it up from there through the ‘Maintenance’ tab and edit a couple of details before using the ‘Choose Vendor’ option, which interestingly is linked to Property Matrix’s vendor app. This allows the vendors to proceed with the checks and repairs, change status of pending maintenance and issue invoices right through their portal. Eventually, I usually choose to either pay the invoices or pass the charges directly to the affected tenants, depending on the tenancy agreement. At the end of the day, all the parties involved are satisfied by the ease and convenience of the Maintenance feature. Thanks Property Matrix! Keep it up.

Pros
Comprehensive User Friendly Responsive and Friendly Customer Support Linked to a wide range of other extremely useful apps

Cons
None that I've experienced so far.

Rating breakdown

Value for money
Ease of use
Customer support

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ana esparragoza

Great Website

Used daily for less than 6 months
Reviewed 2017-02-27
Review Source: Capterra

Overall, this website is easy to use and customer support always helps out when you need it right away. I mostly use the accounting tab the most, I think the only problem I have when using it is the slowness. From the start they told us to use Google Chrome because it will run faster and I've used it from the start, however it still goes slow. Not too slow but does effect my work speed at times. I depend on Property Matrix 50% of my day, so it would help me out better if the speed can be increased. That is the only complaint I would have using the system. Other than that, it has all the features that I need to succeed at my job. I would recommend this program to other property management companies. I like how not only one department can use this, but everyone here in the office and maintenance guys can use this website.

Pros
Every department can use it

Cons
The slow speed

Response from Property Matrix


Ana, thanks for your review and the kind words about our support team! We've been working on optimizing the overall speed of the system over the last couple of weeks and you should see substantial improvements as these changes are being rolled out this week!

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Property Matrix pricing

Starting from
$200/month
Pricing options
Subscription
Free trial
View Pricing Plans

$1 per unit, with a $200 minimum. No contract and a 30 day money-back guarantee.

Property Matrix features

API (280 other apps)
Accounting Integration (164 other apps)
Accounting Management (183 other apps)
Activity Dashboard (231 other apps)
Audit Trail (140 other apps)
Automatic Notifications (169 other apps)
Billing & Invoicing (187 other apps)
Compliance Management (191 other apps)
Customizable Reporting (172 other apps)
Data Import/Export (183 other apps)
Electronic Payments (173 other apps)
Expense Tracking (164 other apps)
Financial Analysis (132 other apps)
Invoice Management (235 other apps)
Invoice Processing (152 other apps)
Multi-Currency (166 other apps)
Real Time Data (147 other apps)
Reporting & Statistics (262 other apps)
Third Party Integration (213 other apps)
Workflow Management (154 other apps)

Additional information for Property Matrix

Key features of Property Matrix

  • Online Rental Postings
  • Check Scanning
  • Mobile Friendly Design
  • Enterprise Class Accounting System
  • Recurring Payments
  • ACH, Credit Card, and Check Payments
  • Tenant Portal
  • Auto-calculated Management Fees
  • Free Building Websites
  • Custom Rental Applications
  • Customizable Reporting
  • Online Maintenance Requests
  • Check Scanning
  • Bank Reconciliation
  • Tenant Screening
  • Unlimited Support
View All Features

Benefits

Property Matrix provides property managers with a single, intuitive panel enabling them to quickly navigate & effortlessly manage all of their properties, rental units, leases, and tenants from one spot. Since no two companies are alike, Property Matrix is designed to give the manager complete customization over their software. With custom rental applications, filters, and reports the software can be adapted to a company's specific needs saving them both time and money.