Manage Your Rentals Like a Pro with Landlord Software

One of the benefits you’ll find while using these systems is that organizing your duties as a landlord becomes easier. Most of these programs are equipped to handle multiple properties. That way, you can have information about all your rentals in just one easily-manageable place.

Additionally, keeping up with the maintenance of your rentals becomes easier to track and execute. Most landlord software allows you to organize, delegate, and follow through with checklists to make sure everything is completed in the time allotted.

Some platforms even offer online rent collection, accounting tools, and different marketing options. Have a business partner? There are options that allow both of you to use and communicate through the software.

Time is of the essence, and automating some of your workflow as a landlord with help take the burden off your plate.

If you decide you’d like to try out software to help out with your landlord duties, there are a variety of things you’ll want to consider, such as:

The landlord software world is rich with options; from entirely free platforms to packages priced according to the number of properties you own. A landlord with only one property may consider using a free or low-cost option, while someone with several properties might need something more detailed. If you want or need more features, you’ll have to pay more, but free software will give you the basics.

One thing to keep in mind is not all platforms offer everything. You’ll want to have an idea of what services you’re needing help with prior to looking for software to help you. Some of them have customizable options while others have all-inclusive packages or a la carte choices. Features you’ll commonly see are marketing tools, lease agreements that correspond to state laws, tenant screenings that include criminal record verification, accounting tools, and more.

The types of properties you are renting out (and how many you have) will influence the kind of landlord software you get. If you are renting a commercial space, there are features you’ll need that differ from renting just a single-family home. Fortunately, some platforms have the ability to help you manage both residential and commercial properties, without having to use separate software systems.

With the above criteria in mind, you may be wondering what landlord software systems are available. Below are some of the most common platforms:

Avail is one of the most affordable options. It’s free if you only have one unit and want the most basic plan. Avail offers marketing and accounting tools as well as tenant screening. Though, its accounting features are not as comprehensive as some other platforms.

Similar to TenantCloud, Cozy allows you to list your rentals, screen applicants, collect payments, and manage your books all in one app. The benefit of using Cozy is that it’s completely free. Though it doesn’t have as many features, it is a great option for landlords with only a couple of properties they are managing.

Hemlane is more than a marketing and accounting tool. This landlord software helps you to manage your properties with the ability to set up contracts with local real estate agents to show your rentals and maintenance workers to care for them. Plus, you get all the benefits of automatic listings, tenant screening, and payment collection. Plans start at $30 per month, with small increases for each property you own.

NestEgg is similar to the other platforms we’ve mentioned, but it gives you the ability to contact local experts about your property management questions and schedule maintenance services at a discount. It also protects your cash flow by depositing the rental amount of your properties on the first of every month. 

NestEgg is the main hub for your tenants for things like property issues and paying their rent. It streamlines your workflow and is completely free.

If you’re looking for a more robust software solution, check out Rentec Direct. Besides being able to market your rental, screen applicants, and collect payments, you can also provide the mobile app to your renters so that they can send their payments or request maintenance directly. 

You can also print checks and analyze the performance of your properties over time. Plus, all of your documents and files are saved online. Of course, these added features come at a price; plans start at $35 per month.

Rentler is an all-in-one property management software and is designed to maintain good landlord-tenant relationships without having to be closely interwoven. Additionally, Rentler helps you manage tenant applications, screenings, 2-day payments, maintenance requests and even helps you determine how much you should charge in rent. 

Rentler enables you to maneuver the difficult communication issues that arise between tenants and landlords. Best yet, landlords can manage an unlimited amount of properties for free. Paid services include rentability reports, legal forms, credit/background checks and a 2.9% fee for online rent payments with debit and credit cards.

Stessa is a platform that focuses more on the financial piece of managing your rentals. Through different features, they aim to make tracking, managing and reporting on your property investments more simple. To track rental performance, you’ll get to utilize a user-friendly dashboard report for each of your properties, rather than using the typical spreadsheets. They even allow you to organize all your finances in one place by connecting your bank, loan, and property management accounts - which comes in handy when tax season comes around. 

What’s great is that Stessa is 100% free and according to all the 5-star reviews out there, it’s a helpful piece of software to have to keep your rental income and expenses in line.

TenantCloud is an all-in-one software program for landlords. You can use it to collect electronic payments from credit and debit cards, bank transfers, and even PayPal. With accounting software built-in, you don’t need to switch programs to record payments. And when someone moves out, you can use TenantCloud to list your rental on the most popular sites automatically, then screen potential tenants. Monthly plans start at $9.

Turbo Tenant is entirely free, with an a la carte menu that allows you to pay for specific features, such as lease agreements and tenant screenings. While they do not provide any accounting features, they do offer different marketing options.

If you feel like it’s time to make the best of your business or just need some help staying organized, then you may consider getting landlord software to lend you a hand. You can centralize your marketing, organization, and accounting needs in just one place. You’ll also save time and money, as well as ensure important documents abide by legal standards.

If you want further protection, then you should consider rent default insurance! Steady protects your rental income if your tenants default on their rent. Maybe they lost their job or went through a breakup - no matter the situation, be ready with Steady.