Entrata
by Entrata, Inc. · Real Estate & Property
AI-enabled property management operating system for leasing, accounting, maintenance and payments.
Updated August 2026 · By the ERP Research Editorial Team · Independent and vendor-neutral.
- Works with
- NetVendorVendorAccessSnowflake
- Deployment
- Cloud
- Pricing
- Per-unit-per-month subscription, quote-based
- Founded
- 2003
- Headquarters
- Lehi, Utah, United States
Overview
Entrata is a cloud-based operating system for property management, used by multifamily, student housing, affordable housing, military housing, commercial and manufactured-housing operators. It is organised around two platforms: OXP (Operations Experience Platform), used by property management staff for leasing, accounting, maintenance, billing and reporting, and RXP (Resident Experience Platform), which covers the resident portal, payments, rent reporting and insurance options.
Entrata Layered Intelligence embeds AI functionality directly into these workflows rather than selling it as a separate module, with functional agents covering leasing, renewals, maintenance and payments, plus a voice AI leasing assistant (Redd) and call analysis. The accounting side is native to the platform: accounts payable, journal entries, management-fee calculation, bank reconciliation, job costing and fixed assets all run inside Entrata rather than through a connector to a separate general-ledger ERP. A Procure-to-Pay workflow (punchout purchasing via VendorAccess, vendor onboarding via NetVendor, AI-assisted invoice entry) ties vendor invoices directly into that ledger.
Entrata is privately held, headquartered in Lehi, Utah, and was founded in 2003. It raised a $507 million funding round in 2021 led by Silver Lake and Dragoneer, and received a $200 million investment from Blackstone in May 2025. It has acquired Rent Dynamics (2023) and Colleen AI (2024) to expand its resident financial-services and autonomous-property-management capabilities.
Screenshots & demo
Screenshots sourced from Entrata, Inc..
Modules & capabilities
Entrata covers 24 of 51 capabilities we track in this category (+1 partial)
47%- Property-level general ledgerCustomizable journal entry workflowsCore strength
- Automated bank reconciliationCore strength
- Multi-entity / portfolio consolidationReal-time financial visibility across the portfolioSupported
- Management fee automationCore strength
- Job costing / capex trackingJob costing and fixed-asset trackingCore strength
- Budgeting & reforecastingNot evidenced
- Investment / fund accountingNot evidenced
- Accounts payable approval workflowPO/invoice approval routing plus AI invoice automation (ELI Invoice Entry)Core strength
“Not evidenced” means our research found no public documentation of this capability — the vendor may still offer it. Confirm on a demo.
Common use cases
- Multifamily operator centralizing leasing, accounting and maintenance for a portfolio of properties on one platform
- Automating AP invoice coding and approval routing across a multi-entity property portfolio
- Running vendor purchasing through a punchout catalog where vendors submit invoices directly into the system
- Outsourcing after-hours or overflow leasing calls and tour scheduling to Entrata's Leasing Center and Redd Voice AI
- Offering residents self-service rent payment across card, ACH, cash and mobile-wallet channels
- Tracking unit-renovation job costs against budget, with costs flowing straight into accounts payable
- Extracting portfolio performance data into an external BI tool via the Snowflake-based Data Share
Strengths & considerations
Strengths
- Native property accounting, procurement, leasing and maintenance in one operating system rather than modules bolted onto a general-ledger ERP
- AI functionality (Entrata Layered Intelligence) embedded directly into accounting, leasing, maintenance and payments workflows rather than sold as a separate add-on
- Vendor/procurement ecosystem built around NetVendor (vendor management) and VendorAccess (punchout purchasing, vendor-submitted invoicing)
- Serves the full range of housing types (multifamily, student, affordable, military, manufactured, commercial) on a single platform
- Backed by large-scale institutional investment (Silver Lake, Dragoneer, Blackstone) funding continued platform R&D
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Rate itERP integrations
Vendor onboarding, document collection and ongoing compliance tracking, surfaced directly inside Entrata Procure to Pay
Property managers send POs directly to vendors and vendors submit invoices directly into Entrata; vendors also manage their own Bill Pay payment preferences
Entrata Data Share exposes Entrata data via Snowflake for visualization in external BI tools
Pricing
Full Entrata pricing breakdown — cost at 25/100/500 seats, competitor rates & FAQs
Entrata does not publish pricing. The per-unit model is the market standard for portfolios beyond a few dozen properties, generally $1 to $5 per unit per month in 2026, and Entrata sits at the enterprise end of that band alongside Yardi and RealPage. Quotes account for infrastructure, data migration and account services as well as the per-unit rate. Because cost tracks units rather than users, portfolio size — not team size — determines what you pay, and contract minimums make small portfolios disproportionately expensive. Get an independent shortlist with pricing guidance below.
What does Entrata cost?
Entrata prices by quote, like most of this category. Here is what actually drives your number — and what to ask before you get one.
7 of the 12 vendors we track in this category publish no list price at all.
Technical & security
- Hosting
- Cloud / SaaS
- Compliance
- PCI DSS
- Mobile app
- Yes
About the vendor
- Founded
- 2003
- Headquarters
- Lehi, Utah, United States
- Ownership
- Private (investors include Silver Lake, Dragoneer and Blackstone)
Alternatives to Entrata in Real Estate & Property
Entrata — frequently asked questions
Does Entrata integrate with external ERP or accounting systems like NetSuite or SAP?
Entrata does not publish connectors to general-purpose ERPs. Instead it ships its own native Accounting module (AP, journal entries, bank reconciliation, job costing) as the system of record, with a Procure-to-Pay workflow that ties vendor invoices directly into that ledger.
What payment methods does ResidentPay support?
ResidentPay accepts credit cards, ACH/electronic checks, cash, money orders and check scanning, plus Apple Pay and Pay-by-Text, and cash payments at over 35,000 MoneyGram locations. Payments are processed under PCI data security standards by Entrata, Inc. or EntrataPay, LLC.
What property types does Entrata serve?
Entrata's solutions cover multifamily residential, student housing, affordable housing, military housing, commercial real estate and manufactured housing communities.
Who owns Entrata and how is it funded?
Entrata is privately held. It raised a $507 million funding round in 2021 led by Silver Lake and Dragoneer, and received a $200 million investment from Blackstone in May 2025.
Does Entrata publish pricing?
No. Entrata does not publish pricing; prospective customers engage its sales team for a quote-based enterprise contract.
Compare Entrata head-to-head
The Real Estate & Property Buyer's Guide
Before you commit to Entrata, see how it sits against the 12 real estate & property systems we track — on capability, ERP integration depth and what each one actually charges for.
Real Estate & Property Buyer's Guide
12 systems compared · 2026
ERP Research
- Entrata compared side-by-side with 11 alternatives
- ERP integration checklist — what to verify before you shortlist
- The pricing questions that change the quote
- A Entrata evaluation brief, included with the guide
Real Estate & Property Buyer's Guide
Get a quote for Entrata
Entrata publishes a list price, but the number you pay depends on volume, modules and integration scope. Tell us your setup and we'll come back with a realistic figure and the alternatives worth quoting against it.