MRI Software vs SimplifyEm

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Our analysts compared MRI Software vs SimplifyEm based on data from our 400+ point analysis of Property Management Software, user reviews and our own crowdsourced data from our free software selection platform.

MRI Software Software Tool
SimplifyEm Software Tool

Product Basics

MRI is a real estate management suite consisting of four offerings: Platform X, Application Gateway, Analytix, and Secure Sign. Platform X helps integrate with third-party applications, create a centralized management environment and access information online. Application Gateway provides a single point of entry for Platform X, data integrations, cross-functional workflows and access to the MyMRI support portal.

Analytix includes reporting, data visualization, portfolio analysis, ad hoc querying and interactive dashboards. Secure Sign securely manages e-signatures, sets workflows for document management and streamlines transaction and contracts processes.
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SimplifyEM is a cloud-based solution that provides online rent collection, expense tracking, digital lease signatures, bookkeeping and access to a communication portal. Tax management, reporting, work order management and billing are some of its offerings. Users can choose packages, which include live support and unlimited data storage, based on the number of units to be managed. The vendor offers a free trial or test drive on their website so prospective customers can see it in action before purchasing.

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$55 Monthly
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$35 Monthly
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Tailored to your specific needs
Small
Medium
Large
Small
Medium
Large
Windows
Mac
Linux
Android
Chromebook
Windows
Mac
Linux
Android
Chromebook
Cloud
On-Premise
Mobile
Cloud
On-Premise
Mobile

Product Assistance

Documentation
In Person
Live Online
Videos
Webinars
Documentation
In Person
Live Online
Videos
Webinars
Email
Phone
Chat
FAQ
Forum
Knowledge Base
24/7 Live Support
Email
Phone
Chat
FAQ
Forum
Knowledge Base
24/7 Live Support

Product Insights

  • Reduce TCO: Save time and resources spent on software maintenance and IT infrastructure by hosting the platform on the vendor’s server. Ensure fast performance with tier 1 ISP and use Gartner Magic Quadrant for data center networking. 
  • Ensure Accuracy: Eliminate manual error by automating administrative tasks, ensuring accurate data entry across all fronts, including leasing, accounting, work order, invoicing and more. 
  • Streamline Accounting: Mitigate risks and capitalize on opportunities using the accounting module that supports AP automation, vendor invoicing, property and tenant-specific ledgers, budgeting, forecasting, and more. 
  • Custom Integrations: Connect with over 150 partnered third-party software to add unique functionalities like rent analysis, ILS channels, marketing suite, payment processors and more. 
  • Centralize Management: Avoid working on disparate platforms and use unified software to manage marketing, maintenance and accounting of the entire portfolio. 
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  • Streamlined Operations: SimplifyEm automates routine tasks such as rent collection, lease tracking, and maintenance requests, freeing up property managers to focus on more strategic activities.
  • Financial Management: Offers comprehensive tools for tracking income and expenses, generating detailed financial reports, and simplifying tax preparation, ensuring financial health and compliance.
  • Improved Tenant Relations: Provides a portal for tenants to pay rent, submit maintenance requests, and communicate with property managers, enhancing tenant satisfaction and retention.
  • Accessible Anywhere: As a cloud-based platform, SimplifyEm allows property managers and owners to access their property information from anywhere, at any time, ensuring flexibility and responsiveness.
  • Scalability: Adapts to the needs of both small landlords and large property management firms, allowing for seamless management of a few units to several hundred, supporting business growth without the need for additional software.
  • Reduced Errors: By automating and centralizing property management tasks, the likelihood of human error is significantly reduced, leading to more accurate and reliable operations.
  • Enhanced Decision Making: Provides real-time data and analytics on property performance, enabling property managers to make informed decisions to optimize profitability.
  • Cost Savings: Reduces the need for additional staff and minimizes costly errors through automation, ultimately leading to lower operational costs and increased net income.
  • Customizable Reports: Offers a variety of customizable reporting options that can be tailored to the specific needs of property managers, aiding in strategic planning and reporting to stakeholders.
  • Improved Maintenance Management: Streamlines the maintenance request process, ensuring timely repairs and maintenance, which contributes to property value preservation and tenant satisfaction.
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  • Property Management: Manage residential and commercial properties under a comprehensive system and control the entire business lifecycle. Scale and adapt to strategic shifts with a customizable open API solution. 
  • Property Accounting: Centralize data, streamline accounting, comply with new lease regulations and automate payables from a unified dashboard. Additional capabilities can be added through integration with Partner Connect, giving access to third-party tools for accounts receivable automation, electronic payments, debt collection and more. 
  • Risk Management: Choose suitable residents, eliminate rental fraud and protect the community with the following tools: 
    • Identity Verification: Mitigate risks and prevent fraudulent parties from entering the property by verifying IDs before tours or showings. Leasing agents can perform unlimited scans to verify passports, driving licenses and more, and receive instant results. 
    • Resident Screening: Maximize financial performance and reduce delinquencies with a customizable screening process using a proprietary AccuScore analytical model. Tailor the process for all housing types, including conventional, affordable, public, military, student and senior housing. 
    • Multifamily Insurance: Include resident insurance as part of a lease to reduce liability. Protect properties, residents and owners in case of disasters and easily manage active policies and claims. 
  • Asset Management: Analyze investment opportunities, identify risks and manage assets at both the investment and property levels with the following: 
    • Investment Central: Monitor data from a central repository to manage investments and drill down on opportunities with a better-informed portfolio view and strategies. 
    • Asset Modeling: Monitor, analyze and forecast the current and future state of portfolio assets. Leverage sensitivity scenarios to anticipate market and tendency changes, and reduce risk exposure. 
    • Analytix Portal: Gain actionable insights and clean data with the flexible BI module. Visualize data, maximize performance, optimize profitability, analyze geospatial data and more. 
  • Debt Modeling: Model multiple contract debt scenarios for optimal deal structure and improve decision making with centralized storage of all data, an arrears calculation engine and comprehensive forecasting and reporting. 
  • Lease Abstraction: Save time and error by extracting data from leases using AI. Review leases with a proprietary Optical Character Recognition (OCR) engine, converting them into machine-readable text. Each extracted data point is linked with the source material to maintain a complete audit trail. 
  • Lease Management: Access a single source for all data points for managing lease contracts, including start and end dates, security deposits, personalized clauses, lease terms, documentation and more. 
  • Lease Accounting: Maintain compliance with core accounting regulations, including ASC 840 and the new FASB ASC 842, IASB IFRS 16 and GASB 87 standards. Automate calculations, save time, reduce errors and maintain an accurate audit trail by capturing data at the source, eliminating multiple entries. 
  • Facility Management: Ensure on-time maintenance and provide improved services to tenants while decreasing costs and overheads with the following modules: 
    • Workspeed: Manage, view and create work orders and maintain accurate records. Leverage the industry’s best practices and standards to perform preventive maintenance and extend assets’ life spans. Provide managers, owners, tenants and vendors with a common messaging platform via the web-based mobile communication hub. 
    • Visitor Management: Provide building security personnel with an intuitive interface to register and check-in visitors and verify identification. Managers can access accurate, real-time lobby data, and residents can electronically pre-register guests. 
  • Space Management: Increase efficiency and reduce costs with better utilization of real estate space. Plan department allocation, CAD floor layouts, seating charts, personnel moves, space chargebacks and more. Streamline HR, IT and security team processes on a centralized platform. 
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  • Property Management: Manage all properties in a portfolio under one comprehensive platform. Track income and expenses, create and monitor workflows, receive customized worksheets for each property, and get notified in case of multiple entries or erroneous information. 
  • Marketing: Advertise properties on listing websites for a fee per listing. Provide prospects with state-specific application forms on demand, available at a cost per template. 
  • Tenant Screening: Choose suitable tenants for units by screening their criminal background and eviction history. Available at a cost per background check. 
  • Forms: Save time by using state-specific templates for various forms, including vacation notices, lease agreements, notices to quit, rental inspections, eviction notices and more. 
  • Online Payment: Automatically bill tenants and collect rent. Residents can choose to pay via ACH or credit cards. Available at a charge per transaction. 
  • Tenant Management: Maintain history and records for every tenant, receive notifications for lease renewals, track late rental payments and automate late fee payments. 
  • Expense Tracking: Track income and expenses with customized worksheets and organize according to IRS categories to maximize tax savings. Receive expert advice on recurring income and expense items, and eliminate repetitive data entry using customizable automation. 
  • Tenant Portal: Residents can check bank balances, receive rent reminders, communicate with owners and managers, and pay rent securely through the portal. 
  • Document Management: Store and manage unlimited documents for every transaction. 
  • Bookkeeping: Automate data entry of recurring income and expense items. Generate cash flow statements, tax reports and schedule e-reports seamlessly. 
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Product Ranking

#30

among all
Property Management Software

#48

among all
Property Management Software

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Analyst Rating Summary

86
65
90
75
84
89
71
65
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Platform Capabilities
Accounting & Financial Management
Leasing
Maintenance
Business Operations

Analyst Ratings for Functional Requirements Customize This Data Customize This Data

MRI Software
SimplifyEm
+ Add Product + Add Product
Accounting & Financial Management Business Operations Dashboards And Reporting Leasing Maintenance Marketing Platform Capabilities 90 84 71 90 85 83 98 75 89 65 84 68 17 55 0 25 50 75 100
81%
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19%
77%
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23%
86%
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14%
100%
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71%
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29%
71%
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29%
88%
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12%
81%
6%
13%
86%
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14%
71%
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29%
83%
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17%
17%
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83%
93%
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7%
53%
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47%

Analyst Ratings for Technical Requirements Customize This Data Customize This Data

50%
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50%
13%
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87%

User Sentiment Summary

Great User Sentiment 79 reviews
Great User Sentiment 243 reviews
87%
of users recommend this product

MRI Software has a 'great' User Satisfaction Rating of 87% when considering 79 user reviews from 3 recognized software review sites.

83%
of users recommend this product

SimplifyEm has a 'great' User Satisfaction Rating of 83% when considering 243 user reviews from 3 recognized software review sites.

4.8 (4)
n/a
3.9 (9)
4.6 (14)
n/a
4.1 (122)
4.4 (66)
4.2 (107)

Synopsis of User Ratings and Reviews

Streamlined Accounting: MRI's capabilities simplify complex accounting tasks, such as managing multiple bank accounts and generating financial reports. The software also offers features like automated invoicing and online payment processing, which can save property managers time and effort.
Comprehensive Tenant Management: MRI provides tools for managing tenant information, including lease agreements, maintenance requests, and communication history. This can help property managers stay organized and efficient, and it can also improve communication and relationships with tenants.
Efficient Maintenance Management: MRI offers features for tracking maintenance requests, scheduling repairs, and managing vendor relationships. This can help property managers ensure that maintenance issues are addressed promptly and efficiently, which can improve tenant satisfaction and protect the value of the property.
Improved Reporting and Analytics: MRI provides a variety of reporting and analytics tools that can help property managers track key performance indicators, identify trends, and make data-driven decisions. This information can be used to improve operations, reduce costs, and increase profitability.
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Streamlined Accounting: Users praise SimplifyEm for its intuitive interface that simplifies complex accounting tasks, such as tracking income and expenses, generating financial reports, and reconciling bank statements. This makes it easier for property managers to stay organized and make informed financial decisions.
Efficient Tenant Management: The platform offers robust features for managing tenants, including online rent collection, lease tracking, and communication tools. This allows property managers to streamline tenant interactions and reduce administrative overhead.
Improved Communication: SimplifyEm facilitates seamless communication between property managers, tenants, and owners through automated email and text message notifications. This helps keep everyone informed about important updates, such as rent payments, maintenance requests, and lease renewals.
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Steep Learning Curve: Users report that MRI is not intuitive and requires extensive training to use effectively. The interface can be overwhelming for new users, and the software's complexity can lead to frustration and inefficiency.
Customization Challenges: While MRI offers customization options, users find the process to be cumbersome and time-consuming. Implementing custom features often requires assistance from MRI's support team or third-party consultants, which can be costly and inconvenient.
Reporting Limitations: Generating reports in MRI can be challenging due to the software's complex data structure and limited reporting capabilities. Users often need to export data to external tools for further analysis, which adds complexity to the reporting process.
Integration Issues: Integrating MRI with other software systems can be difficult due to compatibility issues and data mapping challenges. This can hinder data flow and create inefficiencies in workflows that involve multiple systems.
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Limited Customization: Users express frustration over the lack of flexibility in tailoring the software to their specific workflows. For example, options for customizing reports are limited.
Basic Accounting Features: SimplifyEm primarily focuses on property management tasks, and its accounting capabilities are considered rudimentary by some users. They desire more advanced features for financial reporting and analysis.
Customer Support Concerns: Some users report difficulties in getting timely and effective support from SimplifyEm when encountering technical issues or needing assistance with the software.
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MRI Software has established itself as a leading contender in the property management software arena, boasting a comprehensive suite of features that cater to diverse needs within the real estate sector. Users frequently highlight its adaptability and scalability, enabling it to seamlessly accommodate the complexities of managing various property types, from residential complexes to commercial properties. The software's capacity to streamline essential tasks, such as lease administration, rent collection, and maintenance management, has garnered significant praise for its ability to enhance operational efficiency and optimize workflows. However, some users have noted that MRI Software's extensive functionality can lead to a steeper learning curve, particularly for those transitioning from simpler platforms. Additionally, while the software offers integration capabilities, some users have expressed a desire for more seamless connectivity with third-party applications to further enhance data synchronization and process automation. Despite these considerations, MRI Software's robust feature set, coupled with its adaptability and scalability, positions it as an ideal solution for property management companies, real estate investors, and businesses seeking a comprehensive platform to effectively manage their property portfolios.

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Is SimplifyEm simply the best, or are there simpler options out there? Users praise SimplifyEm for its user-friendly interface, especially compared to more complex software like AppFolio. One user raved about SimplifyEm's intuitive design, saying even those who aren't tech-savvy can easily navigate the platform. This ease of use is crucial for property managers who need to quickly access information and complete tasks. Users also appreciate SimplifyEm's robust features, including online tenant portals, automated reminders, and mobile access, which streamline communication and management tasks. However, some users have expressed concerns about SimplifyEm's customer support, finding response times to be slow and occasionally unhelpful. While SimplifyEm boasts affordability, some users feel the limited customer support makes it a less attractive option compared to competitors with more responsive support teams. Overall, SimplifyEm seems best suited for individual landlords or small property management companies who prioritize ease of use and affordability over extensive customer support. Its intuitive design and comprehensive features make it a solid choice for those who need a straightforward solution to manage their properties efficiently.

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