Last Updated: March 2024
Student housing property management software helps coordinate the many various aspects of managing student housing properties. Common features of student housing management software includes rent payment collection and accounting, maintenance submissions and tracking, and tenants and lease management. Below we take a look at some of the top parking property management software available.
Top 15+ List of Student Housing Property Management Software
Student housing property management software is the engine behind that powers the lucrative industry of student accommodation properties. Below we take a look at the top software choices among the industry.
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Features of Student Housing Management Software
Student housing, with its unique demands and ever-evolving landscape, requires specialized management solutions tailored to its intricacies. In response to these specific needs, student housing property management software emerges as an invaluable tool, bridging the gap between housing providers, students, and educational institutions. Let’s delve into the fundamental features that set these software solutions apart, streamlining operations and enhancing the resident experience.
Roommate Matching
This feature allows students to find compatible roommates based on preferences, habits, and interests, ensuring harmonious living arrangements.
Lease Management and Billing
Facilitates the creation, tracking, and renewal of student leases while also automating the billing process, including split payments among roommates.
Integrated Academic Calendar
Syncs with school calendars to accommodate semester-based leasing, move-in/move-out dates, and breaks.
Maintenance Request Portal
Offers students an easy platform to lodge maintenance requests and track their progress, while management can prioritize and schedule repairs.
Amenities Booking System
Allows students to reserve shared amenities such as study rooms, gym slots, or common areas, optimizing facility usage.
Payment Gateway Integration
Enables online payment of rents, security deposits, and other fees, offering convenience and ensuring timely collections.
Communication and Notification System
Provides a platform for direct communication between management and residents, sending out notices, reminders, or updates.
Security and Access Control
Integrates with electronic key systems or biometrics to monitor and control access to the premises, ensuring student safety.
Reporting and Analytics
Generates insightful reports on occupancy rates, financial performance, and student feedback, facilitating informed decision-making for management.
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What is Student Housing Management Software?
Student housing property management software is a cloud-based or on-premise application that allows for the efficient management of student housing rental properties by using one unified platform to simplify common property management processes.
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What is the Best Student Housing Management Software?
Deciding what is the best property management software for student housing rental properties should be based on the property and customer needs. The right software can greatly help a student housing rental business grow to the next level, whereas the wrong choice could result in unnecessary expenses for unused features. Below is our personal favorite pick:
StarRez
Why We Like StarRez – Managing student housing rental properties can be a tricky, yet financially lucrative endeavor. The StarRez student housing property management software provides an excellent mix of features (vacancy posting, online lease management, maintenance requests, etc.) in an easy to access online platform that students can easily access on their smartphones.
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About the Author
Ryan Nelson
I’m an investor, real estate developer, and property manager with hands-on experience in all types of real estate from single family homes up to hundreds of thousands of square feet of commercial real estate. RentalRealEstate is my mission to create the ultimate real estate investor platform for expert resources, reviews and tools. Learn more about my story.