property management software

[Matt Perez]

Hi Bigger Pockets community

I have 1 rental so far and was wondering what would be the best management software to use as I begin this journey.

I currently have a property managing company in place and I want to get rid of them and keep the money myself to increase my cashflow. They use hemlane and its pretty simple program so maybe I will just keep using it but I am also looking for other options before I commit. I went online to look there are so many available and lots depending on how many homes you have.

So I am just looking to see if there are any recommendations from the BP community to help my decision.

[KC Pake]

Quote from @Matt Perez:

Hi Bigger Pockets community

I have 1 rental so far and was wondering what would be the best management software to use as I begin this journey.

I currently have a property managing company in place and I want to get rid of them and keep the money myself to increase my cashflow. They use hemlane and its pretty simple program so maybe I will just keep using it but I am also looking for other options before I commit. I went online to look there are so many available and lots depending on how many homes you have.

So I am just looking to see if there are any recommendations from the BP community to help my decision.

Hi Matt,

Congratulations on your first rental property! It's great that you're considering managing it yourself to increase your cash flow.

Since you're already familiar with Hemlane and find it simple to use, it could be a good option to continue with, especially as you're just starting out in property management. Familiarity with the software can be a significant advantage.

However, it's always wise to explore other options to ensure you're using the best tool for your needs. Here are a few other property management software options you might consider:

Buildium: This is a popular choice for many property owners. It offers a wide range of features, including accounting, tenant screening, and maintenance request tracking.

AppFolio: Known for its user-friendly interface, AppFolio provides property management solutions that include online rent payments, maintenance requests, and marketing tools.

Cozy: Ideal for individual landlords or smaller portfolios, Cozy offers rent collection, expense tracking, and listing capabilities. It's known for being very user-friendly and cost-effective.

Rentec Direct: This software is known for its excellent customer support and includes features like property accounting, tenant screening, and online rent collection.

Propertyware: A good choice for those with a larger portfolio, Propertyware offers customizable solutions that include maintenance management, accounting, and marketing tools.

Each of these software solutions has its own strengths and pricing structures, so it would be beneficial to compare them based on your specific needs and the number of properties you plan to manage.

Best of luck with your property management journey!