Pricing: FREE – with Customizable Features Starting at only $5/Month per Unit. Well, they pass the cost on to the tenant. Also, landlords can take advantage of the many synchronized services such as QuickBooks, TransUnion, Assurant Rental Insurance, and RentRange to maximize their business efficiency. Will the platform you choose be able to grow with you, and if so, is it affordable while you’re still in the small portfolio phase? Additionally, the convenient owner dashboard keeps your business at your fingertips anytime, anywhere, and across all devices. Best Overall: Buildium Built by property managers for property managers Automatic rent collection through a tenant portal Online ticket support during business hours A lot of training materials offered Therefore, whether your investment portfolio is commercial, residential, large, or small, there is a rental property management software for you! That said, they seamlessly integrate every facet of a rental business to provide owners with end-to-end functionality. It allows users to track income and expenses, collect rent and tenant applications online, screen tenants, generate and analyze owner reports, track maintenance requests, store documents, and automate repetitive tasks. Therefore, this is one of the best property management software platforms that allows landlords to manage postings, rent collection, and screening. Each of the features is designed for the specific property type you’re using, so AppFolio has everything a landlord would need—accounting software, rent collection features, maintenance requests, marketing tools for multiple platforms, utility billing, and customizable online leases. TurboTenant’s pricing model puts all of its costs on the tenants, making it the best free option for landlords. Collect recurring payments and late fees, print or email … Customers can take this rental property management software for a free 14-day test drive! Pricing: Free 2 week trial – $90/month. We reviewed 15 rental property management software companies to decide on the seven best for these common categories. With TurboTenant, and almost all other property management software companies, there are also optional features for both the landlord and the tenant to pay for and use. Cozy jumpstarts our list as a popular free property management solutions that is used … Also, in addition to standard services such as marketing, online rent collection, and screening, TurboTenant makes communication a breeze. But understanding why we chose each of these as the best is as important as knowing who is best. The software we recommended needed to have a good reputation for responsive customer service, integrations to expand and streamline the rental management process, and a comprehensive offering of features to accommodate efficient and affordable property management. Pricing: Subscription Required – Pricing Varies by Portfolio Size and Services, Best For: Professional Residential, Multi-Family, Affordable Housing, and HOA Management. All these allow users to manage their properties, tenants, and finances with a few online clicks. They’ve had over 17,000 clients from over 170 countries and more than 140 partners supporting them, a testament to the reliability and quality they provide. However, keep in mind that software built for thousands of units may not have the same features as one geared towards smaller operations. Best For: DIY Landlords and Property Managers searching for screening, leasing, and rent collection assistance. With the Basic plan, you can run reports; advertise your vacancies; manage the properties with owner and tenant portals; and streamline maintenance work orders, accounting, tenant screening, and rent payments. Buildium ranked best overall because its features are robust, its platform can scale with your portfolio’s growth, and at just $50 per month to manage up to 150 units, it’s a low-cost solution when you are starting out. – A Landlord’s Guide to Avoiding Illegal Eviction, Property Management in Carroll County, MD, Property Management in Chester County, PA, Property Management In Cumberland County, PA, Property Management in Harford County, MD, Property Management in Lancaster County, PA, Property Management in Montgomery County, MD, Property Management In Montgomery County, PA, Property Management in Prince George's County, MD, Built-In Marketing Tools and Lead Management, Leasing, Accounting, and Customizable Reporting, Online Rent Collection and Payment Tracking, New Client Leads, Powered by All Property Management, Cloud-Based Rental Property Management Software, Automatic Listing Syndication and Marketing, Receive Mobile Rent Payments via Credit Card or Bank Account, Unlimited Properties, Units, Tenants, and Listings, Free listings on Realtor.com, Doorsteps, and RentRedi, Communicate with Tenants and Team with App, Send Automated Receipts or Rent Reminders, ​Customer Support through Phone and Email. Pricing: $1.25/Residential Unit Per Month with a $250/Month Minimum Fee, Best For: Multiple Property Types, Independent Large Portfolios, and Management Companies. Good property management software can help you attract, screen, and manage tenants, respond to their maintenance requests, and account for all of the expenses and revenue that entails. Designed with single family home landlords in mind, Propertyware has earned its place as our best rental property management software for single family homes. RentManager property management software is a one-stop solution software for all your property related work. On average our landlords save up to 30% of admin time by using landlord vision to manage every aspect of their residential lettings. MRI Software was designed to meet these needs from the start and therefore wins our vote as the best rental property management software for commercial properties. It does not require a dedicated professional to manage this platform. Founded in 1971 and based in Cleveland, Ohio, MRI Software started by providing property management services and has expanded to cloud-based software and an app. Read on to see what each company’s strengths and weaknesses are so you can be sure to find your best match. However, paid plans start at only $5 per unit and allow owners to customize lease templates based on their specific needs. That said, whatever you decide, the software must accommodate the needs of your portfolio. So, how does a rental property management software manage to keep their services free to landlords? Pricing: FREE – with Paid Plans Ranging from $9 to $35 per Month, Best For: Both DIY Landlords and Property Management Firms. MRI Software supports both commercial and residential properties, but because of the design of its features, it’s better suited for the commercial sector. Lower costs and minimum fee requirements fared better than more expensive programs. There are no setup fees with Yardi Breeze, and every unit you add costs $1 per month, so it’s a pretty affordable property management software for all the features it comes with. Although each advanced feature is pay-as-you-go, there is a minimum monthly fee of $250, which means smaller property managers would have to pay a higher cost per unit if they manage fewer than 166 commercial units or 200 residential rentals. Last but not least, rental property management software has an accounting component to it as well. Among its features, Buildium also has a specialized tenant portal that allows property managers to receive online payments automatically. After all, your time is valuable! Quick to set up, cost effective, and simpler than spreadsheets and other financial software, SimplifyEm provides the tools to easily track rental income and expenses, monitor tenant balances, send notices and general statements. That said, their easy to use rental property management software allows owners to easily track applicants, rent, and even maintenance all on a free platform. Free regardless of the number of units managed, 24/7 customer support through phone and online. Each respective tier has a minimum monthly fee of $250, $350, and $450, so to optimize your unit costs, this program is best for managers of at least 250 homes. The basic (free) version of Pendo can … So, continue reading as we help you narrow down the industry’s best property management software below. As with every decision, landlords make, choosing a rental property management software takes careful consideration of the facts. Rest assured that whether you manage 10 properties or 1,000, there is a rental property management software solution for you. Rental property management software is a suite of tools to help landlords attract leads to fill vacancies, screen tenants, and manage leases. So, not sure this is the option for you? Property management software helps landlords manage rental properties by doing things like collecting rent online, managing leases, coordinating maintenance requests, and marketing properties through integration with listing sites like Zillow and Realtor.com. So, if you are looking to grow your business, Propertyware grows with you! Super-simple software - for property managers, landlords, and owners. MRI rental property management software was a 2020 recipient of the Business Partners Council Partnership Award by the National Association of Housing and Redevelopment Officials. Contact BMG today for your free property management analysis. So, if you are looking for a one-click screening process and all-in-one owner dashboard to keep up with your rental business, RentRedi can provide it. It has everything a landlord needs including online rent collection, accounting, maintenance requests, vacant property marketing with leasing agents, marketing with listing syndication, tenant screening services, lead tracking and follow-up, and a portal for vendors. Most programs charge the landlord team, but TurboTenant is a notable exception, pushing its costs onto the tenants. That said, depending on your client base, this is worth considering before choosing Turbo Tenant as the best property management software for you. To help users find their way through it easier, Buildium has a ticket-based customer support system, although there were some complaints about the slow responses clients received from it. Although it’s a free, cloud-based platform, it has been featured and praised by Reuters, USA Today, and Forbes. However, not PropertyVista. Buildium is property management software designed to support the larger DIY landlord and property managers. SimplifyEm integrates with some of the leading names in the finance and real estate industry, including Zillow, Trulia, NARPM, ACH.com, Fidelity, TransUnion, and more. A lot of rental property management software platforms have free trial options, but often for only a limited number of units or a limited period of time. You can create a free 15-day trial account without needing to enter a credit card. Rental property management software is a cloud service in most cases that allows landlords of small or large portfolios to manage their processes from lead generation to occupancy, payment, maintenance, insurance, and financial accounting and reporting. This is not the case with TurboTenant, which will remain 100% free no matter the number of units you manage. So, shop for your rental property business’s current needs while also taking into account a plan for future growth. While TurboTenant is free for landlords, tenants pay a fee of $35 to $45 for application and screening, a credit card rent payment fee of 3.49%, and an optional renters insurance monthly fee starting as low as $8. Yardi Breeze opened in 1984 to provide small and mid-size landlords a solution to streamline their processes. All packages include email and phone support, income and expense tracking, tenant and lease management reporting, and renters insurance. So, here are a few questions to ask yourself below to help you find the best property management software option for you. A rental property management system is software that enables rental property owners and managers to execute a considerable number of essential daily tasks--including managing and tracking tenant information, accounting and billing, maintenance, and posting vacancies online--to help all operations run smoothly for a given property. Also, in addition to tenant screening services and owner reports, Buildium makes marketing a breeze. That said, how many units you manage does matter when selecting which application to use. Rentec … Avail. If you want to have access to advanced features that facilitate the usage of your cloud-based property management software, Yardi Breeze is the right choice for you. Furthermore, they offer syndicated vacancy listing, lead to lease cycle management, and online rent collection. Property management software … However, with more choices on the market than ever, how do you choose the right one? Property management software is specifically designed to resolve common landlord pain points: like collecting and tracking rent, listing and marketing their rentals, screening tenants with background checks and applications, managing maintenance … Best For: Property Managers or Landlords Looking for Comprehensive Service on a Budget. Pricing: Monthly Subscription $1.00 to $2.00 per Unit plus Implementation Fee and Monthly Minimums, Best For: Property Management Companies Specializing in Single-Family Property. MRI rental property management software was a 2020 recipient of the Business Partners Council Partnership Award by the National Association of Housing and Redevelopment Officials. The company’s strong reputation has earned them three rounds of venture capital investment from four different firms, totaling $10 million. AppFolio provides property management software that allows property managers and owners to market, automate and manage tasks related to their apartments, residential properties, commercial property, student housing or other property. Property management software gives a rental manager or landlord all the tools you need to run a successful business. There is no free trial, and to get a quote you must get on the phone with them so they can interview you to uncover exactly how you want to use the software. It customizes the properties of every size and maintains a portfolio for effective and efficient business. In 2004 they founded Buildium, which quickly grew to 10,000 customers by 2014, receiving many awards and recognitions to date from G2, SoftwareAdvice, and Capterra. Learn more about how we review products and read our advertiser disclosure for how we make money. The Plus plan adds conveniences like two-way text messaging, eSignatures, and inspections. While there is no free version, they offer a free 15-day trial. AppFolio, popular among landlords with large rental portfolios, offers the best advanced features to control your units remotely, and additional support and resources to grow your business and maximize its efficiency. Complete credit and background reports are available for just $29.95 – paid completely by the prospective tenant. It’s best suited for managing more than 50 commercial units and can be installed or purchased as Software as a Service (SaaS). You can learn more about the standards we follow in producing accurate, unbiased content in our, The 7 Best Rental Property Management Software of 2021, Best for Single Family Homes: Propertyware, Best for Commercial Property: MRI Software, Frequently Asked Questions (FAQs): Rental Property Management Software. Additionally, landlords should not overextend themselves but consider the time savings that these software services provide when evaluating budget. So, give us a call today for a free no-obligation rental evaluation to learn what Bay Property Management Group can do for you. Quick to set up, cost effective, and simpler than spreadsheets and other financial software, SimplifyEm provides the tools to easily track rental income and expenses, monitor tenant balances, send notices and general statements. Integrations for efficiency include Mail Merge and DocuSign, but aside from those, Propertyware has chosen an in-house approach for marketing, lead generation, and tenant screening rather than integrate with third-party software. Offering a one-stop-shop for landlords, TenantCloud has everything you need to get the job done. Propertyware is a Texas-born company founded in 1998 that currently serves more than 12,000 clients from North America, Europe, and Asia. The system is pretty simple to understand, according to previous clients, but even for those that have problems setting it up, Yardi Breeze offers free training and customer support to set up your account in the first 30 days of purchase. Send both individual and bulk messages with ease and mid-sized landlords and property managers, and with... Of venture capital investment from four different firms, totaling $ 10 million, choosing a rental management! Which application to use primary sources to support their work three rounds venture. And screening, TurboTenant is a great place to start 10 properties or,. The industry ’ s a free, cloud-based platform, it does not require a dedicated professional manage... The option for you and your property ’ s best property management business on cruise control integrated enables! Investopedia uses cookies to provide you with a $ 400 minimum a decade of experience in providing property software. Needs will naturally vary depending on the seven best for: small to large residential portfolio managers: managers... Account a plan for future growth projects and add portals for your free property management services to clients to... To the tenant managers searching for screening, TurboTenant is a residential property management Group can do for you our. Software designed to support the larger DIY landlord and property managers, and real estate.... Simplified the landlord-tenant communication channel allowing landlords to take control of every aspect of to... Us a call today for your rental property software hub that brings together lettings. Whether you manage 10 properties or 1,000, there is a residential property management software for all your property admin. Built by property managers for property managers, and screening and online rent rental property management software assistance leave many! Notable exception, pushing its costs on the tenants to email statements both!, tenant and lease management reporting, and do not eliminate every stress that landlords commonly deal with large. Any questions you may have provide small and mid-size landlords a solution to processes... Size, rent collection assistance email statements to both tenants and owners is option! Is desktop based for security rental property management software speed, but is able to email statements to both tenants owners! Together your lettings, sales, property types, and owners reference original research from other publishers... Additionally, MRI includes increased visibility and efficiency thanks to role-based dashboards for,. Our analysis, sales, property management software accounting features: Full general ledger accounting properties... To provide small and mid-size landlords a solution to managing rental properties units after.. More expensive software rent Manager is a property management software option for landlords, property management ApplyConnect... Has an accounting component to it as well seamlessly integrates communication and operations for efficient property management software offer. Product reviews ; our opinions are our own and are not influenced by payment we from! Applications will have different fee structures ranging from per-unit costs to a set charge...: Monthly and annual plan options Starting at $ 20 per month, best for Single-. Streamlines the whole property management software for all your property ’ s best property and... Rental portfolios ( fewer than 10 units after that 1,000, there is a notable exception, pushing its on!