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Updated over 7 years ago,

User Stats

123
Posts
34
Votes
Stephanie Hardy
  • Las Vegas, NV
34
Votes |
123
Posts

Property Management Software with multiple bank accounts

Stephanie Hardy
  • Las Vegas, NV
Posted

I have been trying to research online property management companies to fit my needs:

1) Accept online payments in the form of ACH. I don't care to take credit/debit cards. However, I need it to be able to accept the payments into multiple bank accounts since I have a different account for each property for our Series LLC. This is my deal breaker if it is not offered - I need to be able to have multiple bank accounts to receive payments.

2) Track expenses on my rental home

3) I only have 3 homes right now, not planning on having more than 10, so something that has low fees is best, doesn't have to be free.

4) Track tenants and leases

5) Track work orders (would be nice, but not required) 

erentpayments.com seems to be my best option. It does multiple bank accounts, but the accounting/expense stuff seems pretty basic and slightly confusing.

TenantCloud I can have up to 5 bank accounts (for free, at least). I think I can have more if I pay for it. Not sure if they or erentpayments accounting/bookkeeping is better or not.

Cozy does multiple bank accounts, but doesn't let you track expenses. 

Buildium is nice, but more pricey than what I am wanting to pay at $45/m, plus payment charges and I'm not sure if they can do more than one bank account.

Rentec doesn't do multiple bank accounts.

I also just found landlordtracks.com which does allow multiple bank accounts for receiving rent and everything else I am looking for. Seems actually maybe comparable to Buildium, but only $15/m for 10 units. Anyone use them? They have a trial I might try out.

I would appreciate any feedback or recommendations anyone has on this subject. I haven't been able to find much for what I need. I know I'm not the only one that does banking with multiple accounts, so I am hoping to find a software that can do that. I appreciate any help you can give. Thank you!

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