Homeownership is a big part of many businesses, and the process can be time-consuming and costly. That’s where property management software comes in to make life easier. Not only do these programs offer features that make managing your property more efficient, but they also offer a wide range of options for pricing, Bonuses, and other features. Whether you’re just starting out or have been in business for years, it’s important to consider the best free property management software for your business.
Free Property Management Software
Stessa
With smart money management, automated income and spending tracking, individualized financial reporting on a property and portfolio level, and much more, Stessa gives landlords real-time information to help them maximize earnings.
For ease of use throughout tax season, features include limitless property monitoring, online performance dashboards, document organization and storage, unlimited monthly financial reports, and export-ready financials. Rent analysis, mortgage financing, and market research are examples of premium services.
IManageRent.com
To assist maximize rental property earnings, iManageRent is a free, fully integrated property management software solution with extra optional features like market rent estimations and automated rent hikes.
While the premium plan starts at just $9.95 per unit per month, the basic plan is free.
Schedule My Rent
A free property management software program called Schedule My Rent provides online rent collection in addition to other features.
Great tenants can be found and chosen, rent can be paid online or in cash, late fees can be assessed, security deposits can be tracked and released, lease agreements can be uploaded and saved, tenant move-in reports can be managed, maintenance requests can be handled, and income and expenses can be kept track of. Landlords pay nothing, and there is a $2 fee every payment made online for rent.
Cozy
In order to provide free online rental and property management tools, Cozy has partnered with Apartments.com.
Landlords can use syndicated listing services like Realtor.com to advertise unoccupied properties, screen renters online, collect rent payments, and keep track of their properties’ earnings and costs. Any device can be used by tenants to submit detailed requests for repairs that include images and videos. Landlords have access to online receipt storage and CSV and PDF exports of their financial information.
Housters
In addition to capabilities for taking online rent payments, tenant screening, maintenance management, invoicing, accounting, and financial reporting on your main and property dashboards, Housters gives landlords a full-featured property management software system.
Landlords can track rent and deposits owed from tenants, send bills for unpaid rent, receive requests from tenants for repairs, share to-do lists with contractors, and use powerful cash basis and double-entry accounting to save bookkeeping costs. Pricing drops to just $1 per unit each month after the initial 3-month trial.
Innago
All property types, including single-family rentals, multifamily homes, and dorms, can use Innago. There are no contracts to sign, setup costs, or monthly expenses.
Tenant screening, online rental payments, online lease and document storage, work order monitoring, and financial tracking and reporting are just a few of Innago’s property management capabilities.
Rentigo
Processing rent payments, managing maintenance vendors, and automating marketing for renting out vacant homes are all features of Rentigo’s property management software.
With the use of the free tenant app, renters may email maintenance requests via “snap & send,” schedule automatic recurring rent payments, and pay rent online. Additionally, Rentigo provides a tailored white-label app to assist landlords in creating their own identity for an expanding rental property portfolio.
Hunt
Hunt is geared toward helping landlords fill vacancies fast with the right tenants and collecting rent online. Landlords can market vacant property for rent, screen tenants with credit reports and eviction history checks, and link multiple bank accounts to collect rent payments from tenants online.
The service is relatively new, with property management tools such as document uploading, automatic late fee billing, and maintenance requests all in the works. Hunt will also offer a feature to help tenants build their credit by paying the rent on time.
Rentler
The free property management software from Rentler was created by landlords for landlords. The program aids landlords in promoting their rental properties, processing tenant applications and background checks, accepting online rent payments, and scheduling maintenance needs.
The free Rentability Report assists landlords in determining a fair market rent by providing an overview of the local renting market in the event that a tenant vacates.
TenantCloud
Landlords can find everything they require in one convenient location thanks to TenantCloud, a free end-to-end property management software solution. Tenant management, online payments and maintenance requests, full accounting, property analysis reports, a free listing website for empty properties, online applications, tenant screening, and automatic invoicing are among the features.
Rezedent
Independent landlords, small and medium-sized property managers, and renters can all use Rezedent’s online property management platform.
Up to one unit per month, the service is free. Prices for two to ten units per month start at $10. Rezedent has modules for renter’s insurance, tenant screening, accounting, maintenance requests, vacancy posting, and online newsletters.
Total Management
Web-based property management software designed by property managers for property managers is available from Total Management. Real estate investors who own single-family houses, apartments, and student accommodation created the service.
Along with a full accounting system, features include a customizable property management dashboard, work order management, tenant tracking, and a tenant portal for making rent payments and maintenance requests. After the free trial period, pricing starts at $1 per unit per month.
Best Property Management Software
Buildium
Buildium is the greatest overall option for both residential and association property managers because its comprehensive service, created by property managers for property managers, enables property owners to manage every part of their business remotely.
Pros
- Built by property managers for property managers
- Automatic rent collection through a tenant portal
- Online ticket support during business hours
- A lot of training materials offered
Cons
- Expensive pricing plans
- Some customer support complaints
- Not a fit for single property managers
Building managers can handle everything from online rent payments, vacancy management, maintenance schedules, and accounting using Buildium, our top pick overall. Buildium automates the entire property management process through tools for bookkeeping, business operations, leasing, and community association management. Through tenant and lease tracking, automated rent and fee reminders, full general ledger accounting, and on-demand reports, it supports the lead-to-rent collection cycle. Buildium includes a specialized tenant portal among its capabilities, which enables property managers to receive online payments instantly.
There is a free 14-day trial available even though there is no free version. The cost of the basic plan, which is based on the number of units you manage, is $50 per month. The cost per unit decreases as you have more units. However, it is evident that your overall cost will be larger. Additionally, anyone who signs up for annual payment with Buildium receives a 10% discount.
TurboTenant
The finest free choice for landlords is TurboTenant since its pricing structure places all of its costs on the shoulders of the tenants.
Pros
- Free regardless of the number of units managed
- Great for DIY landlords
- 24/7 customer support through phone and online
Cons
- Tenants have to pay for it
- Limited advanced features
Many rental property management software platforms offer free trials, however frequently these are only available for a small number of units or for a short amount of time. This is not the case with TurboTenant, which will continue to be completely free regardless of how many units you oversee. While many free rental property management software platforms fall short in many ways, TurboTenant has a user-friendly interface and is easy to set up.
TurboTenant is free for landlords, but tenants must pay $55 for application and screening, 3.49% for credit card rent payments, and as little as $8 per month for optional renters insurance. Some optional services, such state-specific lease agreements for $39, an infinite number of electronic signatures for $9, and 32 standard landlord forms for $145, are available to landlords for a one-time cost.
Landlords may handle applications and assess tenants online with the help of TurboTenant’s services, which also include making specific listing pages and sending bulk tenant messages from a single inbox. Landlords may market a vacant home on various platforms with a single click by integrating with Facebook Marketplace, Realtor.com, Rent.com, Apartment List, RentPath, and other rental listing websites.
After that, you may use TransUnion to check potential tenants, use the platform to send and sign all papers, and submit payment and maintenance requests online. ACH payments are free, however credit card payments have a cost of 3.49%.
Although it is a free, cloud-based platform, Forbes and Inc.com have both featured and complimented it. Since TurboTenant’s launch in 2015, the dependability and assistance offered by their online tools have been demonstrated and endorsed by the over 400,000 landlords who use their program.
AppFolio
Landlords with big rental portfolios frequently choose AppFolio, which provides the most cutting-edge capabilities for remote control of your units as well as additional assistance and resources to help you expand and run your business more effectively.
Pros
- Plans for residential landlords, community associations, and commercial real estate landlords
- Supports all types of units
- Has a mobile app
Cons
- Has a minimum monthly fee
- Not fit for a small number of properties
AppFolio has created a wide range of capabilities for landlords who need to run and expand their businesses remotely in addition to supporting all unit kinds, earning it our top pick for the greatest advanced features.
For residential landlords, AppFolio offers two alternative plan tiers, in addition to plans for community associations and commercial landlords. There is a per-unit price for the plans, but there is a minimum. The monthly minimum for residential landlords for the core plan is $280.
Propertyware
Propertyware has established itself as our top single-family rental property management software because it was created with landlords of single-family houses in mind.
Pros
- Manage large portfolios
- Has a mobile app
- Multiple pricing tiers
Cons
- Some customer support complaints
- Fit only for large portfolios
Propertyware, which focuses on managing single-family homes, is the ideal option because it is straightforward to use and lacks the sophisticated features that commercial management software can have. Propertyware’s administration tools will be useful to you, especially if you rent out just one or two houses. It includes online rent collecting, accounting, maintenance requests, marketing for vacant properties with leasing agents, marketing with listing syndication, tenant screening services, lead tracking and follow-up, and a gateway for vendors. It also offers everything a landlord could possibly need.
Currently, Propertyware has three pricing tiers: Basic, Plus, and Premium, with prices per unit starting at $1, $1.50, and $2, respectively. You may manage the properties with owner and tenant portals, run reports, market your job openings, and streamline maintenance work orders, accounting, tenant screening, and rent payments with the Basic plan. Conveniences like two-way texting, eSignatures, and inspections are added by the Plus package. You can add portals for your vendors and manage your maintenance projects when you are at the Premium level. This program is suitable for managers of at least 250 houses because each corresponding tier has a minimum monthly fee of $250, $350, and $450.
DocuSign integrations are available for efficiency, however Propertyware decided against integrating with third-party applications for marketing, lead generation, and tenant screening.
SimplifyEm
SimplifyEm, created by real estate experts, is the best option for landlords who need assistance managing a few properties but don’t want to pay the exorbitant cost of other software solutions. It strikes the optimal mix between price and features.
Pros
- Supports one to 2,000 units
- Designed by real estate professionals
- Has advanced features
Cons
- If you have more than 2,000 units, the platform can’t grow with your portfolio
The greatest fit for SimplifyEm is a small portfolio of properties since, if you start out with less than 10 properties, you can keep your costs as low as $25 per month. SimplifyEm supports any number of units from one to 2,000.
Starting at $25 per month for 10 units, the cost. Afterwards, the price is $35 for 20 units and $45 for 30 units. It costs $60 at 50 units, $75 at 75 units, and $100 at 100 units. You are not required to input a credit card when setting up a free 15-day trial account. To manage this platform, no specialized professional is needed. Regardless of experience, independent property owners should find this simple.
Each package comes with email and phone support, tracking of expenses and income, reports on tenant and lease management, renters insurance, and more.
With SimplifyEm, landlords can manage their rental properties quickly and easily while also saving time and money. It enables users to keep tabs on their earnings and outgoings, collect rent and rental application information online, screen potential tenants, produce and review owner reports, keep track of maintenance requests, save documents, and automate repetitive chores. Due to its cloud-based nature, you can start using it right away.
MRI Software
With features not found in competitors’ programs, such as investment management, strategic planning & analysis, lease abstraction, space management, and affordable and public housing compliance, MRI Software receives our highest recommendation for managing commercial properties like apartment communities.
Pros
- Multiple advanced features included
- Reliable company with a long history
- Easy to use
Cons
- You need to contact the company to get a price quote
The financial complexity of commercial properties is higher, and the investors who hold them have various information needs for their assets, such as investment management reports and strategic planning and analysis. The best rental property management software for commercial properties is MRI Software because it was created from the ground up to fulfill these demands.
MRI Software supports both commercial and residential properties, however due to the way its features are built, it is more appropriate for the commercial sector or companies with substantial residential property holdings. Simply said, a smaller residential landlord would pay for too many items they would never utilize. It can be installed or purchased as Software as a Service and is best suited for managing bigger property portfolios (SaaS).
MRI Software doesn’t have set pricing tiers because it offers a wide range of services for various clientele kinds; instead, it customizes the cost to each client’s requirements. Users can thus decide what services they want to include in their package and whether they require all of the services offered, such as online rent collection, lease templates, integrated accounting, maintenance requests, tenant screening insurances, multifamily insurance, resident communication, investor relations, rent and vacancy tracking, manager compliance, and credit risk management, or just some of them.
There is no free trial and you must call them for a quote so they may speak with you over the phone and find out exactly how you want to utilize the software. Despite the lengthy process—which sets it apart from rivals who merely post their prices online—many commercial property managers and owners have regarded MRI as a fair value for the price they were privately priced on Getapp.com and Software Advice.
Yardi Breeze
Due to the extra features it offers, Yardi Breeze has distinguished itself as a leader in the provision of cloud-based rental property management software services.
Pros
- Unique features
- Free training and customer support
Cons
- There is no mobile app
- A few customer service complaints
Yardi Breeze is the best option for you if you want to have access to cutting-edge features that make using your cloud-based property management software easier.
Yardi Breeze has no startup fees, and with the less expensive residential plan, each additional unit is $1 per month. Considering all the features it offers, this property management software is quite economical. If you own residential properties, you must spend at least $100 monthly ($1 per unit), and if you own commercial properties, you must spend at least $200 ($2 per unit). Additionally, there is a second residential package called Breeze Premier, which has a $400 minimum and costs $2 per unit per month.
Online rent collecting, rental applications, templates and addendums, maintenance requests, automated marketing, activity calendars with tasks, renters insurance, tenant communication options, workflow sheets, and outsourcing payments are among the features. With only a few web clicks, customers can manage their homes, tenants, and finances. However, Yardi Breeze stands out due to its special function that enables users to capture images immediately from a smart device and add them to a maintenance request made on an internet platform.
Best Property Management Software for Small Landlords
TenantCloud
With a free TenantCloud account, landlords can manage up to 75 units, track one appliance, such as a refrigerator or dishwasher, use one landlord lease template, receive 10 service reminders, and have 512MB of storage available. Landlords can also handle maintenance issues online thanks to TenantCloud’s maintenance management system. Landlords may connect with service providers, send messages, manage invoicing, and receive video and photographs of tenant maintenance requests.
Additionally, Rentler, a service provided by TenantCloud, offers a free real estate listing website that is syndicated with a number of well-known websites, including Apartments.com, Zillow, and Facebook Marketplace. This can greatly increase the visibility of your listings and help you draw in prospective tenants.
Landlords can create documents like leases using TenantCloud and have them digitally signed. Additionally, state-specific lease templates that adhere to each state’s lease laws are included. The content of your lease can be pasted into the system or uploaded as a PDF. As with any digital signature service like DocuSign or PandaDoc, you can also include merging fields that will update with each new lease you create.
Avail
With Avail, independent landlords may manage every aspect of their rental property on their own, from online rent collection to managing property advertising. Independent landlords can quickly find renters to fill openings, sign leases, verify credit histories, and collect rent thanks to its user-friendly website.
Avail likewise offers a free subscription plan, but in contrast to TenantCloud, it only includes the most fundamental property management capabilities, such as syndicated listings, applicant screening, state-specific leases, online rent payments, and maintenance tracking.
Additionally, independent landlords are able to quickly request rental applications that include vital details like contact information, employment histories, and residence histories that help decide whether the prospective renter is qualified to dwell in the rental property. The platform also makes it easier for landlords to communicate with tenants by enabling them to book tours with potential tenants, conduct prescreening interviews, and handle maintenance requests from current tenants.
Buildium
Buildium offers adjustable pricing for up to 5,000 units, making it a great choice for big property management companies. Each plan comes with tools for managing rental properties, such as web portals, tenant communication, and expedited application procedures. These technologies support landlords in managing and monitoring daily operations, including the rental payment process. Aside from free e-leases, Buildium also provides free property inspections; however, the Essential package includes a cost that starts at $40.
The program offers a free, attractive website that helps property managers build their brands and market their vacant units quickly. In order for potential residents to apply on your website when interested in a unit, it also enables you to modify the rental application.
To help you with the learning curve, Buildium provides comprehensive customer assistance and Buildium Academy, its self-guided training program. From fundamental setup to complex procedures like leasing and association administration, Buildium Academy covers it all.
SimplifyEm
For landlords and property managers with up to 2,000 units, SimplifyEm is a simple-to-use cloud-based property management solution. Before you can begin, there is no extensive training or additional tool expertise needed. Users can access SimplifyEm from any location in the world using the internet. With its features for capturing tenant information, monitoring insurance, tracking deadlines, creating invoices, and collecting online rent payments, it enables property owners to have better insight into both their occupied and unoccupied units.
The accounting module of SimplifyEm handles accounts payable and receivable, periodic rent payments, as well as transaction history. The software also creates monthly statements and exports rental data to connected programs like QuickBooks and Excel. Additionally, landlords can email all renters at once or provide mass reminders.
Property Manager Cloud
For managers of a variety of property kinds, Property Manager Cloud is the best option. It is a fantastic option for property owners managing both commercial and residential properties because it can handle single-family homes, multifamily homes, mobile home parks, and even hotels.
Users may automate daily operations including application processing, tenant notices, and bookkeeping thanks to Property Manager Cloud’s functionality. To make monthly payments more convenient, property owners can even set up an automated debit system with the residents.
In addition to this, it gives tenants access to a tenant site where they may pay rent, request maintenance, monitor due dates, and view payment history. The owner portal in Property Manager Cloud enables customers to view up-to-date information about their properties across several locations and create reports.
TurboTenant
The most cost-effective monthly membership option for TurboTenant’s property management software is available for free and starts at $4.92. Features for lead management, tenant screening, online rent collecting, document management, maintenance requests, and expense monitoring are included in all subscription tiers. Additionally, property owners can alter their plan and pay for add-on services such as lease addendums and e-signatures that are required.
TurboTenant provides tools that make managing tenants for landlords easier, like the ability to make specific listing pages and send mass communications to tenants from a single email. By integrating with Facebook Marketplace, Apartment List, and Realtor.com, landlords may also market a vacant home across several sites with an one click. In order to speed up and simplify operations, landlords may also use TransUnion to evaluate prospective tenants. They can also email and sign any paperwork online using the platform, as well as submit requests for payments and maintenance.
Open Source Document Management System
OpenDocMan
OpenDocMan, one of the greatest open source document management systems available, was developed to comply with ISO 17025’s document management requirements. It is straightforward to install and use. For their document management requirements, a rising number of Fortune 500 enterprises, small businesses, educational institutions, governmental organizations, and people use it. It is also offered in ten more languages.
With compatibility for numerous operating systems (including Linux, Unix, Mac Os X, Windows 2000, Windows XP, Windows 2003, Windows Vista, and Windows 7) and file types, OpenManDoc is totally adaptable to your needs. It provides accessibility from any location and basic web-based backup features as a fully web-based application.
The software was developed with the workflow of each individual user and department in mind. In order for reviewers to accept or reject new documents or modified files, it contains adjustable access control for each file and an automated document review procedure. To maintain an efficient workflow, businesses can set up email notifications before and after a review.
Alfresco Community Edition
For businesses with the ability to support themselves and who desire the capability to explore and adapt developments for their own requirements, this program deconstructs the Alfresco Enterprise Edition (content and file management software). Alfresco Community Edition is flexible for developers who want to work with the most recent Alfresco features in non-critical contexts because it is free and readily accessible. The finest open source document repository for creating new elements for your company is this one.
Using mobile apps and offline access, Alfresco’s powerful user and workflow components enable on-site and remote working to be done with ease. A complete set of collaboration tools, including task lists, team sites, and version tracking, are also included.
It is simple to integrate and expand the Alfresco software for your needs thanks to a variety of open APIs and other different deployment choices.
Protection is a problem with any development functionality, but Alfresco includes information governance and enterprise-grade security to keep your business compliant with security and legal standards.
LogicalDoc Community Edition
This is the free, open source document management version of the LogicalDOC program, which is supported by developers, much like the aforementioned Alfresco software. The LogicalDoc Community Edition, which is free to use, lacks some of the features included in the paid-for commercial editions but offers the majority of the essential features required to make the most of the program.
With a multilingual desktop interface and user-friendly features like multilingual full-text indexing, full version control, task management, importing from zip files, and document searching to keep track of your documents, LogicalDoc Community Edition offers a lot for your document workflow.
Another important component of LogicalDOC is collaboration, and the Community edition offers some helpful capabilities. Users can email or download review tickets, check files in and out, and communicate with other users via an internal message system. You can manage both old and new contacts thanks to the integrated contacts address book.
The software’s SOAP and REST API interfaces and integration plugins for both WordPress and Joomla underscore the importance of integration. Users may monitor your document workflows by using simple statistics and reporting.
Kimios
As an alternative to large, complex enterprise management systems, Kimios aims to optimize working with documents. This is mostly accomplished by simplifying numerous functions for easier daily use.
The search functionality is one area where it has attained this usability. This open source document repository’s main feature is it. Each document has both content and metadata indexed, allowing for full-text or boolean search searches. Kimios develops into a potent document search engine by combining a number of search parameters.
Based on a fully Service Oriented Architecture (SOA), Kimios is completely integrated with external parties through all applications (web client, Kimios Explorer, and Kimios for Office). This architecture offers strong interoperability and can be used through various APIs in dotNet, Java, and open source dms PHP.
OpenKM Community Edition
OpenKM Community Edition is our final recommendation for the best open source document management systems to take into account for your company. Small repositories and non-critical data can perfectly be stored with this free service.
OpenKM Community Edition is adaptable to the majority of working contexts despite being free. It is accessible on a variety of operating systems and databases, including Windows Server, Debian, Ubuntu, Linux Mint, Red Hat, CentOS, and others (HSQL, H2 and MySQL).
This software offers accessible API capabilities for CMIS, SOAP, and Rest, giving developers the access they require.
The general characteristics of the software enable efficient document handling. These functions include fundamental search, antivirus integration for increased security, text extraction, and document conversion into other file types. Users can also easily and successfully transform photos into text using OCR technology.
No of the size of your firm, it is worthwhile to investigate the whole variety of open source dms software options, but the aforementioned list offers five that you should think about. Investigate your options to find the finest open source document management system for your requirements.
PDFelement is here to support your needs for open source documentation! It can assist you in editing, safeguarding, and archiving your PDF files to improve documentation and optimize business processes. Visit Wondershare PDFelement – PDF Editor for more information.
Conclusion
Property Management Software can be a great way to run your business. By choosing the right software and following some simple guidelines, you can create a successful property management business. Always keep in mind that there are many different types of property management software available, so it’s important to find one that fits your specific needs and goals. By following these tips, you can begin managing your property efficiently and making maximum profits.