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Updated over 2 years ago on . Most recent reply
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Property Management/Rent Collection Software Recommendations?
Hi all,
I own and manage 5 units in Brooklyn, NY. I am looking for recommendations on a property management software/rent collection service. I currently use TenantCloud, however, it now wants to charge my tenants a fee for paying by ACH. TenantCloud comes with a lot of features, however, I don't end up using most of them and mainly use it for rent collection. Does anyone have any recommendations for software suitable for a small landlord like myself? I currently pay $12/month for TenantCloud, so I'm looking for something at that price or below.
Thank you very much!
Most Popular Reply
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- Real Estate Broker
- Cody, WY
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Quote from @Spencer Zeff:
I think every software charges a fee for ACH transactions. Some charge it to the Tenant, some to the Tenant and Owner. it's my understanding that Apartments.com charges a 2.75% fee for ACH payments. The software I use (Propertyware, too expensive for you) charges $0.50 per transaction coming in and $1.00 for every payment I send out.
I don't think you'll find any software that allows completely free ACH transactions. TenantCloud is pretty inexpensive for what you get.
- Nathan Gesner
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