Favorite Landlord/Property Management Software/App & WHY?

[Account Closed]

i am confident i can manage the relatively small amount of requests, and have heard some good things about apps and software that are a "one stop shop" for landlords that allow payment, leases, and repair requests. 

i have one out of state rental property with a plethora of options for handymen and contractors around. i have been paying a property management company 8% plus all of their inflated costs of repairs and fees and with insurance going up it has really opened my eyes to my margins not as healthy as i would like.

do you have a certain product you have used or use or would recommend?

[John Underwood]

Quote from @Account Closed:

Quote from @John Underwood:

My partner has our properties on Rentredi. I like it fine.

My personal properties I use Excel.

It is very powerful and customizable. Tenants pay with Zelle, PayPal etc.

Only takes me a few minutes per month to put in Excel. 

 thanks john. would you mind sharing your excel template?

 Mine is customized to my properties and my needs.

I have a tab for each property. Here I have contact info, lease info, AC filter, trash day etc plus all the income and expenses.

Then I have a Master tab that has all properties, so I have the big picture of gross rents received. You can have a formula to pull the individual property tab income to this master tab.

I have my ROTH IRA owned properties with a different colored tab and they are in a separate section on my master tab. They are summed up separately and then at the bottom I can add everything up to see what all properties are combined bringing in.

I have this on each property tab for expenses and income. I also keep track of the date payments are made.

Income

Late fee

Gross rent

Expenses

Advertising

Cleaning

Gardening/lawn mowing

Insurance

Interest on loan(s)

property tax

Legal expenses

Pest control

Property agent fees/commission

Repairs and maintenance

Water charges

Electric Bill

Total expenses

Net rental income or (loss)