Reduce Payroll Cost Using Property Management Software

[Keivan Darius]

Good Morning BP Family,

I'm trying to see if there is a way to figure out which PMs leverage technology/software (appfolio, buildium, propertyware, Tenant Cloud,...) to reduce or eliminate the Payroll cost for multi family apartment buildings (16 to 100 units). Currently I have to figure this out by interviewing each PMs that I find through my brokers.  Not sure if there is a better way out their to maybe buy the list from one of these software companies?

Also if you do know of any PMs that use the above or something similar in (Indianapolis IN, Atlanta GA or Houston TX Market) I would really appreciate it if you can give me some suggestions.

Thank you,

[Gino Barbaro]

@Keivan Darius

Hi Keivan

We started out with quickbooks, until we hit 200 units. We then transitioned to Rent post, which was a mistake. We were being cheap. We finally went to Appfolio, which is a great and easy platform to use and has saved us money from our bookkeeper, and we have figures in real time.

I've heard Buildium is also a good platform. Whatever one you choose, make sure they are using it. It will save you time, money and it will make you look professional.

Gino