The 3 Best Rental Property Management Software
Rental property software has features that simplify interactions between tenants and managers. These tools can make it easier to attract tenant prospects, execute leases, and get paid. The best rental property management software will have excellent tenant screening tools, so you keep the proper mix of quality tenants. Finally, strong accounting and reporting let all stakeholders know how the property is doing financially.
Propertyware earns a place at the top of the list of best rental property management software by helping you automate countless time consuming tasks, so you have more time to spend on tasks that count. For example, tenants can pay their rent electronically, renew their lease, or create a work order all through an online portal. In addition, property managers have the ability to quickly screen applicants for credit and criminal history, increasing your ability to ensure you have quality tenants. If you’re a tech-savvy rental property manager, the fact that Propertyware integrates Google AdWords and Google Analytics to track online marketing and website traffic statistics will be appealing to you. Propertyware’s rental property software also supports multiple rental fee calculations, so you cut down time spent getting paid.
Buildium stands out as one of the best rental property management software companies due to their strong accounting and reporting features. Keeping the books has never been easier with full general ledger accounting, which supports both cash and accrual basis. You can easily track rent payments and charges on each unit, and create reports with all the details in just one click away. Buildium also helps you streamline repetitive communications with tenant and owners’ portals. Tenants can log in to pay their rent or create a work order, while owners can log in to check on the performance of the building. These portals are a great asset that can limit the time you spend on the phone, and allow you to get back to important work. Pricing with Buildi is scalable based on the number of units you manage, so it can support portfolios of all sizes.
Starting at $1 per unit per month with a $50 monthly minimum, Point2 is among the cheapest fully integrated rental property software on the market. Reporting and tenant maintenance tools have all the basics covered, but like other top property management software, you will have to pay more for certain features like tenant screening and online rent payments. The accounting system lets you easily reconcile with the bank, a feature that can save you a huge amount of time. Some property managers may use Quickbooks for their overall company reporting, and in those cases, exporting each property’s accounting data to Quickbooks is a Point2 feature that property managers will surely appreciate. If you are looking for a solid all around solution at a great price, Point2 may be the best rental property management software for you.