When it comes to property management software, two of the most popular solutions on the market are Xero and Yardi. Both of these platforms offer a wide range of features and benefits for property managers and landlords, but which one is the best? In this article, we'll take a detailed look at Xero vs Yardi to help you decide which platform is the right fit for your business.

Overview of Xero

Xero is a cloud-based property management software solution that offers a wide range of features to help property managers and landlords run their businesses. With Xero, you can manage properties, tenants, leases, and finances all in one place. Xero also offers a mobile app, so you can manage your properties on the go.

Overview of Yardi

Yardi is a cloud-based property management software solution that offers a wide range of features to help property managers and landlords run their businesses. With Yardi, you can manage properties, tenants, leases, and finances all in one place. Yardi also offers a mobile app, so you can manage your properties on the go.

Pricing

Xero offers a free trial, so you can try the platform before you commit to a subscription. Xero's subscription plans start at $9 per month (billed annually) for the Standard plan, which includes basic property management features. The Premium plan, which includes additional features, is $49 per month (billed annually).

Yardi offers a free trial, so you can try the platform before you commit to a subscription. Yardi's subscription plans start at $49 per month (billed annually) for the Basic plan, which includes basic property management features. The Professional plan, which includes additional features, is $99 per month (billed annually).

Features

Property Management

Both Xero and Yardi offer a wide range of features to help you manage your properties, tenants, and leases. With both platforms, you can keep track of important property information, such as square footage, number of bedrooms and bathrooms, and more. You can also add photos of your properties and create detailed property profiles.

Both Xero and Yardi also offer lease management features. With both platforms, you can create and manage leases, track payments, and schedule maintenance and repairs. You can also add tenants to your leases and keep track of important tenant information, such as contact information and rental history.

Financial Management

Both Xero and Yardi offer financial management features to help you stay on top of your finances. With both platforms, you can track income and expenses, create and manage invoices, and accept online payments. You can also connect your bank account to your Xero or Yardi account to automatically import financial data.

Xero and Yardi also offer reporting features to help you track your financial performance. With both platforms, you can generate detailed reports on your income and expenses, as well as your overall financial performance. You can also create custom reports to track specific data points that are important to your business.

Ease of Use

Xero and Yardi are both easy to use property management software solutions. Both platforms offer a user-friendly interface that is easy to navigate. With both Xero and Yardi, you can quickly find the features and tools you need to manage your properties and finances.

Xero and Yardi also offer a wide range of tutorials and support resources to help you get started with the platform. Both platforms offer online help centers with step-by-step guides, FAQs, and video tutorials. Xero and Yardi also offer live chat and email support to help you troubleshoot any issues you may have.

Conclusion

Xero and Yardi are both top-rated property management software solutions. Both platforms offer a wide range of features to help you manage your properties and finances. Xero and Yardi are also both easy to use, with a user-friendly interface and plenty of tutorials and support resources.

Xero's subscription plans start at $9 per month (billed annually), while Yardi's subscription plans start at $49 per month (billed annually). Both platforms offer a free trial, so you can try the platform before you commit to a subscription.

When it comes to property management software, both Xero and Yardi are great options. However, the best platform for your business will ultimately depend on your specific needs and preferences.