Property Management Software

[Michael Rickstad]

All feed back is greatly appreciated. I am an independent real estate broker and I have a client that asked me to manage their one SFR. I usually will pass this along, as I currently do not PM. Although, I have been wanting to break into the property manage business for sometime now and figured to give it a go. Being that I am only going to be managing my personal properties aside from this one individual's property - I was trying to find the most inexpensive platform to do so. I have been looking into property management softwares to make payment, communication, maintenance request, accounting, credit checks, advertising of property, monthly/annual financial reports easy to manage. I was briefly looking into the following; Doorloop, Buildium, Cozy, Steeza, RentRedi, YardiBreez, Tenant Cloud and Innago. If anyone on BP could be so kind to shed some light as to what they feel would be the best option for me just starting. It would be greatly appreciated. Please keep in mind, I was looking for a platform that will allow me to keep decent accounting records to simplify things without having to integrate Quickbooks etc.. Thank you kindly!

[Randall Alan]

Quote from @Michael Rickstad:

All feed back is greatly appreciated. I am an independent real estate broker and I have a client that asked me to manage their one SFR. I usually will pass this along, as I currently do not PM. Although, I have been wanting to break into the property manage business for sometime now and figured to give it a go. Being that I am only going to be managing my personal properties aside from this one individual's property - I was trying to find the most inexpensive platform to do so. I have been looking into property management softwares to make payment, communication, maintenance request, accounting, credit checks, advertising of property, monthly/annual financial reports easy to manage. I was briefly looking into the following; Doorloop, Buildium, Cozy, Steeza, RentRedi, YardiBreez, Tenant Cloud and Innago. If anyone on BP could be so kind to shed some light as to what they feel would be the best option for me just starting. It would be greatly appreciated. Please keep in mind, I was looking for a platform that will allow me to keep decent accounting records to simplify things without having to integrate Quickbooks etc.. Thank you kindly!

Check out rentec direct.  They offer a pro version which does everything you list ( full accounting, maintenance requests, etc) plus handles distributions to multiple owners (ie. Direct deposit to each owners bank account).

We have used their regular version for 4 years and love it.  Extremely affordable and feature rich.  I think we pay $60/month (total) for 40 units (ballpark).  It has a client facing web portal that collects our rent and deposits next day (even though the ACH payments don’t technically settle for about 4 days.)  The platform offers screening at a nominal cost and has a fantastic marketing feature that blasts out our listing to 20+ search engines (Zillow, apartments.com, etc).  It even creates a home page for each rental where prospective tenants can apply.  Plus way more than I have listed.  Can’t say enough great things about it.  

hope it helps

randy