Property management software

[Thomas Weiss]

Hey everybody! I have been doing a lot of research recently into different management software. I keep hearing about "Rent Redi" and "Tenant cloud". So far, I see a lot of value with both. I feel like I'm leaning more towards tenant cloud. Anybody use either of these? Have thoughts on a different software? Also, at how many properties would it be worth paying for these services? (Assuming each property is at least a duplex.) 

[Jeff Chen]

@Thomas Weiss

Taking a quick look appears Tenant Cloud has a nicer UI, can start with the free version and move to the $9/mo vs RentRedi (pay as you go $19.95, but if you go with a year subscription $9/mo) (UX/Interface looks a bit more dated). Personally I would go with the TenantCloud with the free version and collect payments with check, until you decide to move to online payments for $9/mo, when you are ready to do some accounting upgrade to the $35/month. Great way to try it out, and not loose out on future features for free up to 75 doors. 150 doors for $9/month is a steal, and 500 doors for $35/month with quickbooks integration is well worth it, if you had that many doors to manage.

If you compare to what large property managers use - Appfolio runs a minimum of $250/month or $1.25/door.  I'd say it would be worth the $9/month to when you have 4+ doors pay you via ACH and no extra charge to notify you when rent is fully paid. If you were just starting out with just one duplex, go with the free version and collect rent checks the old fashioned way. If you found this comment useful, please upvote - as I'm just starting out on BP forums. Cheers!

Happy Landlording!