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Updated over 4 years ago on . Most recent reply

User Stats

37
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13
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Andrew Threet
13
Votes |
37
Posts

Best Property Management Software for first Rental Property

Andrew Threet
Posted

I'm looking for some help on what property management tools/software I should use to self manage. I know there's a lot of great tools out there which it makes it hard to narrow down, but I've listed some of my circumstances down below to try and help and I'm open to suggestions.

I'm planning on closing on my first property soon, and it's a single family house that I plan on house hacking and renting out the extra rooms. Does anyone have any experience in doing any property management using the rent by the room method? I'm looking for a tool that can handle both the tenant side of things when it comes to screenings, collecting rent, and communicating, but also has features that I can do bookkeeping and track finances through.

This will be my first property, but I do intend on scaling up in the future to having multiple properties. So software with scalable features would be nice to have but are not necessarily required just yet. I would just prefer not to have to switch softwares and learn new systems when that time comes.

Any suggestions on how anyone else has systemized their property management would be much appreciated!

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