What is the most Important Feature in Property Management Software?

[Clinton Holmes]

Hello Friends at BiggerPockets,

I'm about to close on my first property and am exploring different property management software. I'm kind of overwhelmed by the number of features they offer. So my question is:

What feature or features have been the most useful for you? On the flipside, what features have you found rather useless?

(Would be great if you could let me know what software your using and how much you like it as well)

Thanks in advance for all your help!

Clinton

[Account Closed]

I would have to agree with @Jon Holdman on just using spreadsheets for now. I ran 91 units with spreadsheets and it worked out fine.

@Jeff Blanchard I wouldn't say I am an old school investor who doesn't trust pm software, since I am not 30 yet. But if you are clearing $100/door why give away 2 or 3 doors worth of monthly profit to pm software when you could just use excel and keep that money to eventually buy more units.

My main reason for finally moving to pm software is I need help with the books now and this allows everything to be on the cloud and multiple users to be inputting data. Also, the advertising benefits of the software I am using should really help us keep units full.