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Updated about 7 years ago on . Most recent reply

User Stats

26
Posts
17
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Ryan Crowley
  • Rental Property Investor
  • Bloomington, IL
17
Votes |
26
Posts

Property Management Software

Ryan Crowley
  • Rental Property Investor
  • Bloomington, IL
Posted
Hey everyone, I really appreciate all the great info and advice on here! I finally just bought my first rental property and accomplished my goal of buying one by the end of the year!! Could you all please give me your recommendations for property management software with the benefits and pricing? I plan to manage myself and would prefer a software that is cheap or free since I only have 1 rental so far. Thanks for your input.

Most Popular Reply

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1,014
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1,171
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Natalie Schanne
  • Real Estate Agent
  • Princeton, NJ
1,171
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1,014
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Natalie Schanne
  • Real Estate Agent
  • Princeton, NJ
Replied

Ryan Crowley - there’s some cool paid software that makes sense after you have more than 1. I PM my own properties and I use Excel and TurboTax. I use a dedicated bank account and credit card and email account (for Home Depot electronic receipts). I teach my tenants to deposit directly into my bank or to PayPal / Venmo / zelle into my bank. I don’t use my quickbooks or cozy as much as I should. I tried to get them on cozy but they preferred to direct deposit and I got my money faster. I created a free photo album of each of the properties with flikr. I use craigslist and postlets/Zillow and Facebook marketplace / online yard sale and church / community classifieds to get renters. Serves me fine so far with high occupancy and limited cost.

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