Trying to keep track of everything by hand can be overwhelming for even the most experienced landlords. Make one mistake, and unhappy tenants could cause vacancy levels to rise, driving cash flow down. Thus, the key to running a profitable real estate investment is finding the right landlord software that makes life easier.
However, finding the perfect property management software to manage your properties can be a time-consuming task. After all, it’s one thing to find the right software, but there is so much more that needs to be considered when you start investing in a new property management program. No worries. We’re here to make this process as simple as possible for you.
Here are the top ten landlord software systems for real estate investors:
Stessa Stessa simplifies rental property finances by helping landlords maximize profits with smart money management and customized reporting. It offers free finance management and reporting tools to real estate investors. Landlords can track rental and investment income, create customized financial reports, and organize property paperwork all in one place. The free features give investors the tools they need to succeed, and Stessa’s optional premium services can help take their business to the next level.
Avail Avail offers software solutions designed for the small investor. It has two options for landlords: a free plan that includes everything a new landlord needs to know about being a professional property owner and the Unlimited Plus Plan, perfect for more experienced landlords looking for extra services.
Apartment.com Formerly known as Cozy, Apartments.com provides small landlords with a software program that includes online rental management tools and tenant screening reports. The company’s goal is to help small landlords be better landlords, and give both landlords and tenants peace of mind.
TenantCloud Landlords and property managers with one to 500 units under management can use TenantCloud to manage their portfolio. Landlords receive a free end-to-end property management platform with all in one features in the Basic plan, which includes tracking of rental information, sending and receiving rent payments, and maintenance management.
Rentec Direct Rentec Direct focuses on providing landlord software solutions for landlords and property managers with small rental property portfolios. Landlords with 10 properties or less have the option of choosing a free software version, and the company can also provide property management software and tenant screening services for owners with up to 5,000 units.
AppFolio AppFolio helps rental property managers handle accounting, maintenance requests, marketing, and more. It charges a start-up fee, along with a monthly fee of $250. It offers tools like accounting software and rent collection systems, services like credit and rental history checks, and customizable online tenant applications and leases.
Hemlane Hemlane is a landlord monitoring software solution for investors with one to 100 rental units. It is a property management, rental listing, and applicant tracking service that helps landlords get leads for apartment rentals and run the business smoothly. Free for the first month, the Basic plan costs $36.50 per month for one unit, while the Essential plan comes with repair coordination and costs $49 per month for one unit.
PropertyWare Propertyware offers software for single-family landlords with 250-plus homes on their portfolios. Though the focus is on larger properties, their solutions are easy to use because of their simple design and streamlined interface. It offers free trial and pricing tiers starting at $250 per month, plus a one-time implementation fee. The software includes features such as tenant marketing and screening, online payments, inspections, vendor portals and maintenance project management.
Buildum Buildium is best for landlords or managers with 50 or more units. The company specializes in a variety of asset types including residential property, student housing, and affordable housing communities. Pricing begins at $50 per month for up to 20 units and is divided into two tiers, Essential and Growth. Buildium has additional fees for items such as online payments and electronic lease signing.
Yardi Breeze Yardi Breeze is a straightforward software solution for landlords and property managers who need help streamlining operations. Yardi specializes in residential units, commercial units, and mixed-use buildings, and serves small and midsize portfolios. The Breeze platform for managing your portfolios is offered at two pricing tiers: Breeze, starts at $1 per unit per month, and Breeze Premier, starts at $2 per unit per month.
As you can see, there are plenty of programs you can use to effectively manage your rental properties. Finding the right software program is just as important as finding the right property to put it into. Think through everything when making that decision and you’ll be on your way to becoming a successful landlord!
Ben Shepardson is a Realty Biz News Contributing Writer and has a long track record of success in online marketing and web development. While pursuing a bachelor’s degree in Computer Information Systems, he worked doing enterprise-level SEO and started an online business offering web development services to small business customers.