As a landlord, you know that managing rental properties can be a lot of work. This is especially true if you are doing it all without rental property management software. There are so many tasks to keep track of, from tenant screening and lease signing to rent collection and maintenance requests. And as your portfolio of properties grows, it can be even more challenging to stay organized and on top of everything.
Save yourself the headache of manually tracking expenses, chasing down rent and searching for lease agreements. We have narrowed down the three best rental property management software options. We received feedback and software recommendations from over 300 landlords and property managers. They regularly use it and have helped us to fully understand the pros and cons of each.
Each software is unique in the suite of tools and features that it offers. Only you know which tools you need most to help you automate and streamline all aspects of your rental business.
Common features include:
- Screening tenants more effectively with online applications
- Creating and signing leases electronically
- Collecting rent online and tracking payments
- Managing maintenance requests
- Keeping track of tenant records and communications
- Generating reports and analytics
Range of Pricing Options
Pricing can be pretty subjective from individual to individual. A lot depends on how many units you have or if you are currently paying a property manager. The right property management software can save you from dipping into your profits. If you have the interest and right skillsets you can self-manage your properties and put the 10% property management fee back into buying your next rental property.
We included pricing as part of our selection process. The three software options recommended below for landlords come with a free or low monthly fee. This allows you to take the software for a test drive with little risk or commitment.
Best Rental Property Management Software for Landlords
RentRedi: All-in-One Property Management Software For Landlords
Our top pick for best property management software for landlords goes to RentRedi. RentRedi includes an all-in-one easy to use interface at a very reasonable price.
RentRedi is a property management software that offers a variety of features to help landlords streamline their operations and save time and money. Some of the benefits of using RentRedi include:
- Automated rent collection: RentRedi can automatically collect rent payments from tenants via ACH, credit card, or cash. This eliminates the need for landlords to manually collect rent, which can save a significant amount of time.
- Customizable notifications: RentRedi allows landlords to send customized notifications to tenants about rent payments, maintenance requests, and other important events. This helps to keep tenants informed and reduces the risk of missed or late payments.
- Document storage: RentRedi provides a secure document storage system where landlords can store all of their property-related documents, such as leases, rental agreements, and maintenance records. This helps to keep important documents organized and accessible.
- Tenant screening: RentRedi offers a tenant screening service that helps landlords to assess the financial and rental history of potential tenants. This helps to reduce the risk of renting to unqualified tenants.
- Maintenance management: RentRedi allows landlords to track maintenance requests and assign them to qualified technicians. This helps to ensure that maintenance requests are handled promptly and efficiently.
- Reporting: RentRedi provides landlords with a variety of reports that can help them to track their financial performance, occupancy rates, and other important metrics. This information can be used to make informed decisions about their properties.
Overall, RentRedi is a powerful property management software that can help landlords to save time, money, and improve their bottom line.
Ready to check out all of RentRedi’s features and pricing options? View their website here.
Innago: Free Online Rental Property Management Software
A close second place and runner-up for best property management software for landlords is Innago. Innago provides a free robust platform with all the features you would need and expect.
Innago is a cloud-based property management software that offers a wide range of features to help landlords and property managers streamline their rental businesses. Some of the benefits of using Innago include:
- Affordability: Innago is one of the most affordable property management software solutions on the market. Landlords can sign up for their free plan.
- Ease of use: Innago is designed to be easy to use for landlords of all experience levels. The software has a clean and intuitive interface, and there are plenty of resources available to help landlords get started.
- Feature-rich: Innago offers a wide range of features to help landlords manage their properties, including:
- Rent collection
- Tenant screening
- Maintenance requests
- Marketing and advertising
- Financial reporting
- Excellent customer support: Innago has a dedicated team of customer support representatives who are available to help landlords with any questions or issues they may have.
Overall, Innago is a great option for landlords and property managers who are looking for an affordable, easy-to-use, and feature-rich property management software solution.
Ready to check out all of Innago’s features & sign-up for your free plan? View their website here.
TurboTenant: Make Self-Managing Rentals Easier
TurboTenant tied for second place for best property management software for landlords. It provides both a free and low-cost plan to easily get started self managing your properties.
TurboTenant is a property management software that offers a variety of features to help landlords and property managers manage their rental properties. Some of the key features of TurboTenant include:
- Rental listing syndication: TurboTenant automatically syndicates your rental listings to over 200 websites, including Zillow, Trulia, and Craigslist. This helps you reach a wider audience of potential tenants.
- Online rental applications: TurboTenant allows you to collect online rental applications from prospective tenants. This helps you streamline the application process and save time.
- Tenant screening: TurboTenant provides access to tenant screening reports, including credit reports, criminal background checks, and eviction history reports. This helps you make informed decisions about who to rent to.
- Rent collection: TurboTenant allows you to collect rent payments online or through the mail. You can also set up automatic rent payments.
- Maintenance requests: TurboTenant allows tenants to submit maintenance requests online. You can then track the status of these requests and communicate with tenants about them.
- Mobile app: TurboTenant offers a mobile app that allows you to manage your rental properties from your smartphone or tablet.
Overall, TurboTenant is a comprehensive property management software that offers a wide range of features to help landlords and property managers manage their rental properties. It is a good option for landlords who are looking for a affordable and easy-to-use property management software.
Ready to check out all of TurboTenant’s features and pricing options? View their website here.
Best Property Management Software for Property Managers
Buildium: Success is a Choice.
Wondering if you could benefit from an even more robust software designed specifically for property managers managing 50-100 units? The top selected software for property management specifically built for property managers goes to Buildium.
Buildium is a powerful tool for those managing a large number of properties.
Buildium is a cloud-based property management software that can help you manage your investment properties more efficiently. It is a one-stop-shop offering a wide range of features, including:
- Accounting: Track income and expenses, generate reports, and reconcile bank accounts. Automate EFT and credit card payments for rent, fees, and bills.
- Maintenance and Repairs: Create and track maintenance requests, schedule work orders, and track expenses. Quickly view your account dashboard to view and check off maintenance requests.
- Document Sharing: Store and share documents, such as leases, contracts, and inspection reports. Collect eSignatures for every lease eliminating the need to chase down tenants or waste time scanning.
- Tenant Communication: Send and receive emails, text messages, and portal messages. Good communication is everything. Get your messages read and responded to by reaching tenants through their preferred method of contact.
- Tenant Screening: Screen tenants and run background checks. You can set custom screening requirements for each property to take the work out of filling vacancies with qualified tenants.
- Mobile App: Access Buildium on the go from your phone or tablet.
- Public Website: With Buildium you will receive a free public website for your real estate listings. Add another level of professionalism to your business and easily share and receive more tenant leads.
Buildium really does offer a comprehensive approach to property management with a wide range of features. With everything housed under one software, property management just became easier and more efficient.
What is the Best Rental Property Management Software for You?
Having the right property management software can save you time, money, and stress. It can also help you make better decisions about your rental business.
If you’re a landlord or property manager who’s looking for a way to simplify and streamline your rental business, then it may be time to add property management software to your toolbox.
Wishing you the best in property management success,
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