Every property manager or landlord faces some common
problems such as filling vacancies, renewing leases, keeping track of rent
payments, cutting costs and increasing the profits from their assets. Property
Management Tools come to the rescue as they manage all these problems on your
behalf. They save you time and effort and you can be rest assured that your
processes are being managed efficiently. Here is the list of best Property
Management tools that you can choose based on your requirements:
1.
Rentpost: RentPost provides features such as
unit and tenant management, work orders, contact management, online rent
collection, and accounting. Its activity feed helps in keeping track of
business updates in real time, integration of online rent collection with the
accounting component and keeping a record of payments. Its dashboard
facilitates keeping an eye on key rental metrics by displaying the number of
delinquent tenants, the outstanding dollar amount rental payments, the dollar
amount of outstanding rent and money under process in online system. Their plan
starts from $29/moth to $249/month.
2.
Rentec: Rentec Direct is designed for the
management of 25 -5000 units. This web-based, full-featured management system
has no start-up fee or term commitments. Its key features include general
ledger accounting and financial reporting, Quickbooks synchronization, online
custom-branded portals, work orders tracking, vacancy listings syndication and
tenant background screening among many more. It also provides a custom website
and website hosting where you can promote your property online. Its bank-grade
security has 2-factor authentication, third party security verification, and
real-time secure data backup. Rentec Pro starts from $65/month and Rentec PM
starts from $75/month.
3.
Yardi: Yardi, being a property management
software, provides investment management solutions meeting the user’s specific
needs. It combines operational and accounting data and supports different type
of properties. More than 140 industry standard reports are made available for
export by this software in formats like PDF, Word or Excel. It also allows
automatic reconciliation for estimated CAM. It streamlines the tenant receipt
recording with the help of smart input methods and optical character recognition
scanning for tracking payables in cash as well as accrual accounting.
4.
Appfolio: Being a web-based system, AppFolio
Property Manager serves all business needs for resident property managers. This
cloud-based rental property management software allows you to automate your
business and run it more efficiently.
This software includes email work-orders, owner statements and resident
communications. It makes life easier for you by listing vacant properties,
filling out application forms, populating a customized lease agreement,
accepting payments etc. It has a 24/7 online tenant portal which supports
different payment options such as e-check, credit card or electronic cash
payment. It is loaded with features like vacancy and rent tracking, tenant
liability insurance, professional websites, a rent comparison tool, automatic
posting of bills and others.
5.
Propertyware: Propertyware serves your tracking
and management needs for 20-5000 units. The design of this scalable tool helps
resident property managers function more efficiently. This software makes
online property marketing simple for its users. Its list of feature includes
accounting, portals for owners and tenants, websites with customization
options, marketing processes, tenant screening and other crucial property
management tasks. It can also be availed as per need basis. Its accounting
functionality is made flexible and complete by integration with Quickbooks. It
is compatible with Windows, Mac and Linux. There is no need to download or
install it due to its online nature. Its specialized portal allows you to keep
track of property status.