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Software Comparison

DoorVault vs PropLedger: Two Sides of the Same Statement

PropLedger is the accounting software a property management firm uses to produce owner statements. DoorVault is what the owner uses to independently verify them, across every manager. Here is how the two compare and which side of the table you are on.

Short answer

PropLedger and DoorVault solve opposite halves of the same problem. PropLedger is property management accounting software built for management firms. It runs trust accounting, tracks rent rolls, manages collections, and generates the owner statements a firm sends to its clients. It is a strong tool for that job.

DoorVault is the owner-side layer. It takes the owner statement you receive from any manager, reads it with Knox, recalculates the management fee against your lease and contracted rate, reconciles every disbursement against your bank, and flags anything that does not add up. If you are an investor who hires property managers, you are not shopping for accounting software to run a management company. You are looking for a way to trust the numbers your managers report. That is DoorVault.

Feature Comparison
DoorVault vs PropLedger: Side by Side
What you need DoorVault (owner side) PropLedger (manager side)
Built forProperty owners and investors who hire managersProperty management firms and teams
Independently audit the owner statement you receiveYes. Knox reads every line and checks it against your recordsNo. It produces the statement, it does not audit one for you
Read any statement format automaticallyYes. Knox reads any document type, no template setupInternal only. Works within its own ledger and reports
Recalculate the management fee against your leaseYes. Verifies the fee on the rent actually collectedNo. The firm sets the fee it bills
Unify multiple managers into one viewYes. DoorVault Connect pulls Buildium, RentManager, AppFolio and more into one portfolioNo. Lives inside a single management firm
Auto bank reconciliation of disbursementsYes. Every payout matched to its statement, recurring bills learnedFirm side. Reconciles the firm's books, not your bank
Trust accounting and rent rollNo. That is a manager responsibilityYes. This is its core job
Owner statement generationNo. DoorVault verifies statements, it does not issue themYes. Built to produce them
Deal underwriting and analysisYes. IDEAL scoring, BRRR velocity, return metricsNo. Not a deal analysis tool
Schedule E and tax exportYes. On all plans including free, per entityReporting. Firm and owner reports, not investor Schedule E
Knox AI assistant for your portfolioYes. Ask questions, run analysis, draft a note to your PMNo. No portfolio AI assistant
Priced forIndividual owners, from free to $149/moManagement companies, $179 to $599/mo
Pricing Comparison
What You Pay, and Who It Is For

DoorVault

Free$0, 2 properties
Growth$29/mo, 10 properties
Scale$79/mo, 50 properties
Enterprise$149/mo, unlimited

Priced per owner. You pay for the size of your own portfolio.

PropLedger

Starter$179/mo
Growth$329/mo
Enterprise$599/mo

Priced per management firm. Built for the company managing properties, not the owner reviewing them.

Who Should Use What
Honest Use Case Breakdown

Use PropLedger When...

  • You run a property management company and need trust accounting
  • You generate owner statements for clients and want a faster close
  • You manage rent rolls, receivables, and collections for owners

Use DoorVault When...

  • You are an owner who receives statements and wants to verify them
  • You use more than one manager and want a single portfolio view
  • You want the management fee, disbursements, and rent checked automatically

The honest version

These are not really competitors. PropLedger and DoorVault could sit on the same property at the same time, one inside the manager and one above it. If your manager already runs PropLedger, that is fine. DoorVault still adds independent verification on your side, because the owner statement is only as trustworthy as a second set of eyes makes it. The point of DoorVault is not to replace your manager's accounting. It is to make sure the numbers that reach you are right, every month, across every manager you use.

FAQ
DoorVault vs PropLedger: Common Questions
What is the difference between DoorVault and PropLedger?
They sit on opposite sides of the property management relationship. PropLedger is accounting software a property management firm uses to run trust accounting, track rent rolls, and produce owner statements. DoorVault is software the property owner uses to independently verify those statements after they arrive, across every manager the owner works with. PropLedger produces the statement. DoorVault audits the statement you receive.
Is DoorVault a PropLedger alternative?
Only if you are an owner or investor rather than a property management company. PropLedger is built for management firms that need to produce owner statements and trust-account reports. DoorVault is built for the owner on the other side of that relationship. If you receive owner statements from one or more property managers and want to confirm the numbers, recalculate the management fee, and reconcile every disbursement against your bank, DoorVault is the owner-side tool. If you are the management firm generating the statements, PropLedger fits that job.
Can DoorVault audit my property manager's statements?
Yes. That is the core of what DoorVault does for owners. Knox reads any statement format your manager sends, line by line, recalculates the management fee against your stored lease and contracted rate, and flags rent that does not match, fees that look off, and maintenance that was double charged. Every disbursement is matched against your connected bank so you can see whether the money you were paid equals the money the statement says you earned.
Does PropLedger work for property owners or property managers?
PropLedger is built for property management firms and teams. Its positioning is property management accounting software for trust compliance and owner reporting, with features like trust accounting, rent roll tracking, accounts receivable and collections, and owner statement generation. Those are the workflows of the company managing the properties, not the individual owner reviewing what the manager reports.
Which software is better for owners with multiple property managers?
DoorVault, because it unifies every manager into one owner view. Through DoorVault Connect it pulls statements and financials from managers on different systems such as Buildium, RentManager, and AppFolio, then normalizes them so a portfolio split across managers reads as one set of numbers. PropLedger lives inside a single management firm, so it does not give an owner a combined view across managers who each use different software.
Does DoorVault do trust accounting like PropLedger?
No, and it is not meant to. Trust accounting is a management-firm responsibility, which is what PropLedger handles for the firm. DoorVault is the owner-side layer that takes the statement the firm produces and checks it: recalculating fees, reconciling disbursements against the bank, and flagging anomalies. If you are an owner, you want verification, not trust ledgers. If you are a management firm, you want the trust ledger, and that is PropLedger's lane.
How much do DoorVault and PropLedger cost?
DoorVault is priced for individual owners and investors. It starts free for 2 properties with full Knox features, then $29 per month for 10 properties, $79 per month for 50, and $149 per month for unlimited. PropLedger is priced for management firms, with listed plans of $179, $329, and $599 per month. The two are priced for different buyers, an owner versus a management company, which is the clearest signal of who each tool is for.
Can DoorVault recalculate my property management fee?
Yes. DoorVault stores your lease terms and contracted management rate, then recalculates the fee on every statement against the rent actually collected. When a manager bills a fee on the wrong base or applies it a billing cycle late, DoorVault reconciles the fee across a trailing window rather than reacting to a single month, so it tells you whether you were charged correctly over time instead of raising a false alarm on normal billing timing.
Can I use DoorVault even if my manager uses PropLedger?
Yes. They are designed for different people and can run on the same property at the same time. Your manager can produce statements in PropLedger while you verify those statements in DoorVault. DoorVault reads whatever statement format you are sent, so the manager's software choice does not matter on your side. The value of an independent owner-side check is highest exactly when your manager runs its own accounting system.

Verify Every Statement, Across Every Manager

Start free with 2 properties and full Knox features. Upload a recent owner statement and watch DoorVault recalculate the fee and reconcile the disbursement for you.

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