SOFTWARE PRODUCTS
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
PRODUCT FEATURES
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.

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.