What software should I use?

[Spencer Dillinger]

Is there a software out there that keeps track of tenant payments without me having to manually enter when I have been paid? And alert me when they don’t pay on time?

[Connie Chan]

@Spencer Dillinger I wanted a mobile app so I use Tellus. It gives me a notification whenever rent is paid and my tenants can choose to use Autopay or not (some use autopay some don’t). It’s also free if you use ACH checking and it gives me the late fee option. It also has a feature to track expenses by taking photos of a receipt so it’s good for calculating my actual profit against rent collected. Depending on your needs there are different options out there. I chose Tellus since I wanted mobile and all their extra features and I want the option of renting out rooms individually in the future.