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Landowners and brokers who own multiple rental properties might struggle to keep everything organised. Software for rental properties can make their job easier by automating tasks like keeping tenant records, managing bills, listing vacant properties, scheduling inspections, and handling maintenance. It’s important to explore different software for rental properties options to find the best fit.
We’ve reviewed some software for rental properties, highlighting their features and benefits.
What Is Software for Rental Properties?
Software for rental properties is a tool that helps landlords and property managers manage their rental homes, apartments, or commercial spaces more easily. It automates tasks like collecting rent, screening tenants, keeping track of maintenance requests, and listing vacant properties.
This software for rental properties is designed to save time, improve organisation, and make it simpler to handle all aspects of renting out properties. It’s like a digital assistant that helps landlords stay organised and communicate effectively with tenants.
Benefits of Software for Rentals
Here are a few best rental property software which offer several benefits:
- Saves costs on third-party services like rent collection and tenant screening.
- Cloud-based storage ensures data accessibility and security.
- Automates tasks like rent collection, vacancy advertising, and record keeping.
- Enables direct property marketing without third-party commissions.
- Streamlines rent collection and reminders, reducing administrative tasks.
Types of Software to Use
Deciding on the rental management software tools depends on what you need and what you like.
AppFolio
AppFolio is a user-friendly software for rental properties and helps manage various types of properties like apartments and homes. It offers features such as online applications, lease management, tenant screening, financial tracking, property listings, and customizable reports. It also provides support and training.
MRI Software
MRI Software is popular software for rental properties among real estate owners and investors. It supports accounting, investment modelling, property management, and analytics. It includes tools to manage portfolio performance and communicate with contractors.
Rent Manager
Rent Manager handles residential, commercial, and short-term rental properties. It offers customer support, expense tracking, and predictive tools. It also handles rent collection, reporting, tenant screening, and property inspections.
Yardi Breeze
Yardi Breeze is a cloud-based software for rental properties and is easy to use. It features rent collection, invoicing, background checks, vacancy listings, and AI-powered customer support. It allows property owners to manage their portfolios remotely.
TurboTenant
TurboTenant is an affordable software for rental properties and focuses on tenant accountability. It helps landlords with rent collection, tenant screening, and communication. It also assists in marketing properties and generating flyers.
Buildium
Buildium is a cloud-based tool for residential and association property management. This software for rental properties includes rent reminders, tenant screening, vacancy management, and accounting features. It also supports property inspections.
TenantCloud
TenantCloud is user-friendly and suitable for new landlords. This software for rental properties manages accounting, maintenance requests, and vendor hires. It offers desktop and mobile access for easy management.
Propertyware
Propertyware is a software for rental properties designed for single-family property management. It offers rent collection, background screening, vacancy management, and marketing tools. It provides training and support for efficient management.
Tips for Choosing the Right Software
Here are some tips to help you choose the software for property management:
Know what you need
Make a list of features you want in the software. If you manage many properties or commercial spaces, you might need more advanced tools compared to those managing just a few homes. Try out the trial version before buying.
Assess your skills
Some software for rental properties has advanced features that need training. Consider your comfort level with using the product. If you manage just one property, basic tools might be enough. For multiple properties, you might need more features.
Think about your budget
Budget is important. Some software for rental properties offers a trial period, then requires a subscription or full payment. Try the trial version with ourvillas to see if it meets your needs before committing to a paid plan.
Frequently Asked Questions
What should I consider when choosing software for rental properties?
Think about what features you need, like rent collection, tenant screening, and maintenance tracking. Consider your budget and how easy the software is to use.
How can I know if a software package is right for me?
Try out the trial version if available. This lets you see if the software has the features you need and if you find it easy to use.
What if I manage multiple properties?
Look for software that can handle multiple properties efficiently. It should have features like managing leases, handling maintenance requests, and tracking expenses across different properties.
How important is the cost of software?
Cost is important. Consider if the software for rental properties offers a free trial or a money-back guarantee. This lets you test it before committing to a subscription or purchase.