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Updated over 1 year ago, 06/27/2023
Best Landlord Software options for 2023
I will be closing on a 4-plex shortly. I have a SFR out of state, but that is managed by a PM, so these are the only 4 units I will be managing for now. I have been researching landlord software options, and it seems to me that the best route is using several different platforms, as it doesn't quite sound like there is a single software platform option that gets good reviews for everything I'd like to do. It seems like there have been mergers, some newer software possibly buggy in the past, but hopefully better now, or some new software that's hot and really good? I'd like to keep the monthly total cost < $50/month. Buildium sounded close to being a pretty solid all in one option, but I've heard it's better for those who own many units (50+) and the cost was around $180/month. RentRedi seemed OK, but I heard the payment processing was a little buggy, and they start to add costs if you wanted a true all in one.
One criteria I'd like to see, if it exists, is something that will email/text alerts to tenants when rent is due at regular defined intervals, and same thing when rent is late, leases are about to expire, etc.
Here is what I am considering now, and I'd love to get peoples opinions/thoughts, Pros and Cons of each, etc
1. Rent Collection & Accounting - Would like something that gives the tenant an AutoPay option. I was thinking of using Stessa for this
2. Listing units, accepting applications, screening tenants, upload your own lease - Zillow Rent Manager, or Rent Redi and only use these features since I heard the rent collection portion was a large added cost
Thanks!