Property Management Software

[James Murray]

My wife and I are dipping our toes in the rental home game. I have been searching for the best bang for your buck software to manage one property and have seen conflicting reviews online. Any recommendations from current landlords?

[Michael Noto]

@James Murray Whatever you do keep it very simple and cost effective when you start out. There is no reason to be spending cash flow early on for something that will take you a couple hours (at most) to keep track of. 

Think about it, let's say your 1st property is a 3-unit. You have 3 deposits every month for rent, a mortgage to pay, contractor invoices for maintenance here and there, and utilities once a quarter. This will take you 30 minutes at most to do, no reason to pay for a software at that point.