A lot of people are interested in investments to make money from their homes. The good new is that you don’t have to be a millionaire to invest in real estate. One of the best ways for anyone to become a landlord is by investing in single-family homes as rental properties.
The BiggerPockets Landlord software is, without a doubt, the best property management software you can use as a small landlord to manage your properties. Small landlords have a lot on their plate: properties, tenants, long-term vacancies, and maintenance issues. This is why BiggerPockets developed the BiggerPockets Rental Property Software package (BPRS) specifically for small landlords, with the goal of making their lives easier as well as increasing their bottom line. BiggerPockets recently tested three different property management software. This is the BiggerPockets review. Rental property management software provides a platform for landlords to manage their properties over the internet. With online rental payment processing, you can make all of your rental payments online and in real-time. There are also some great software products available that let landlords do background checks on applicants.
If you own a rental property you know that being a landlord can be both rewarding, and stressful. There is nothing like having the problem of not enough tenants, to the problem of too many tenants, and everything in between! BiggerPockets is the largest real estate investing community online. It’s a network of investors just like you who are looking to connect and collaborate. With Bigger Pockets, you can find like-minded individuals without ever having to step foot in a physical meeting!
What you choose to use will depend on what it is that you need the software to do, either for yourself or your property management company. If a property manager is going to be using it, then they need something simple and easy to learn. As long as the software has all of the features that you need, functions well and does not take up too much time for training purposes then it should be fine. Some popular choices are listed below along with some basic information about them.
Who Should Use Rental Property Management Software?
Beginning investors with small rental portfolios (fewer than 10 units) and large commercial property management firms can use rental property management software. Different companies create software with specialized features that work best for certain categories of landlords, property types, and portfolio sizes. These programs can be useful to a DIY investor, as well as to a team of users made up of owner, property manager, facility maintenance, and leasing agent, to name a few.
RentRedi is another great platform for managing your rental property. Like many of the other platforms we talked about, RentRedi allows you to list your properties and market them to potential tenants. In addition, it helps with things like scheduling showings and handling tenant applications.
If you’re interested in trying RentRedi but don’t want to pay anything up front, there’s good news: they offer a free trial period! If you decide that you like what they have to offer and want to continue using their software after the trial ends (which typically lasts 30 days), then all you’ll have to do is pay $50 per month or $500 per year depending on which plan works best for your needs.
Landlord Studio is a property management software that helps you manage your rental property. It is a cloud-based application that allows you to manage your rental property from anywhere. The user interface of Landlord Studio is easy to use, and setting up an account is easy as well. The best part about this software is that it’s free!
Landlord Studio includes some other useful features such as:
- Easily track rent payments on the spot
- Send emails via bulk mailer or using templates
- Make notes on each tenant regarding their payment history, income details etc…
ManageCasa is a property management software that helps landlords manage their properties. It’s cloud-based, so you can access it from anywhere and on any device.
ManageCasa is also free to use, but there are some limitations: you’ll need to pay for additional features if you want them (for example, a full list of features and pricing can be found here).
But don’t worry! If all you need is an easy way to keep track of important information about your rental properties—like tenant info or past rent payments—then ManageCasa is perfect for you!
Avail is a property management software that is cloud-based and can be accessed from any device. It is available to landlords with one property on a free trial basis for 30 days. After the trial period ends, Avail costs $29 per month for tenants or $39 per month for landlords (which includes all services). The software offers features such as:
- Easy-to-use dashboard with customizable reports
- Tenant credit checks and background checks
- Online payment portal
- Automated rent payments
Zillow Rental Manager
Zillow Rental Manager is free for everyone! You can use it as a landlord, a tenant, or an agent. It will save you time and money.
Propertyware is the best property management software for small landlords. It’s easy to use, has no setup fees and hidden fees, and is free for landlords with up to 10 properties.
App Folio is rental property management software that allows you to track tenant payments, communication, and more. If you’re looking for a simple way to manage all aspects of your rental business (from tenant relationships to maintenance) then this is one of the best options out there. It can be used on a computer or mobile device with ease and comes with free software for single-family homes or apartment buildings up to four units.
If you want more features or want to use it for larger properties with multiple units, there are monthly fees associated with additional features such as property management reports, accounting integration, etc.
Cozy is a property management software that has become immensely popular over the past few years. It’s so easy to use, and has an incredible user interface; it’s no wonder why it’s one of the most popular PMS systems today! The best part? Cozy is free for both landlords and tenants.
Cozy uses a cloud-based system, which allows you to access all of your information from anywhere at any time (and believe me – when you are a landlord with multiple properties or if you manage several properties full-time, this is crucial). This makes managing your properties easier than ever before!
If you have less than 5 units under management, then Cozy will cost nothing but basic data storage while they continue to improve their platform with new features on the horizon. One thing I love about Cozy is their commitment to customer service. They actually care about making sure all users get exactly what they need out of using their software – even if it means spending extra time answering each question individually until everyone feels satisfied with how things are going in general!
MyRental.com is a cloud-based property management software that allows you to manage, track and grow your rental properties from one place. It’s easy to use, affordable and best of all, it’s available for landlords who want to do it themselves. MyRental is great for small landlords who don’t have the time or resources to invest in managing their properties.
MyRental offers a number of benefits:
- Ease of use – it’s very intuitive and easy to use with minimal training required
- Cost – pricing starts at just $15 per month for unlimited listing sites (including Craigslist)
- Features – full accounting system; tenant screening service; maintenance scheduling tool; rental application submission process
If you’re a landlord in the market for property management software, Property Meld is an excellent option. Designed specifically for landlords and real estate investors, this cloud-based rental property management software has a number of features that make it stand out from the competition.
Property Meld offers a free trial and is available for both Mac and Windows users.
Use the software that provides your property managers with the easiest way to keep track of records, manage maintenance and communication.
When it comes to property management software, you need a program that provides your property managers with the easiest way to keep track of records, manage maintenance and communication.
You should be able to:
- Use the software that is easy to use.
- Access the software from anywhere.
- Update information on the fly.
- Share important files quickly with other users in your company or even outside of your company if necessary. For example, if a tenant needs something fixed quickly they may request that you send pictures of what they asked you fix so they can better understand what needs done before approving any work orders requested by their agent/manager/tenant or whatever job title is appropriate for your business model!
As a pioneer in providing cloud-based rental property management software services, Yardi Breeze has stood above other cloud-based software platforms due to the additional features it comes with.
- Unique features
- Free training and customer support
- There is no mobile app
- A few customer service complaints
If you want to have access to advanced features that facilitate the usage of your cloud-based property management software, Yardi Breeze is the right choice for you.
There are no setup fees with Yardi Breeze, and with the cheaper residential plan every unit you add costs $1 per month, so it’s a pretty affordable property management software for all the features it comes with. You have to spend $100 per month at a minimum ($1 per unit) if you have residential properties and $200 ($2 per unit) for commercial properties with the basic package. There is also a second residential package called Breeze Premier that costs $2 per unit per month with a $400 minimum.
The features include built-in accounting software, online rent collection, rental applications, templates and addendums, maintenance requests, automated marketing, activity calendars with tasks, renters insurance, tenant communication options, workflow sheets, and outsourcing payments. All these allow users to manage their properties, tenants, and finances with a few online clicks. But what separates Yardi Breeze is the unique feature that allows tenants to take photos with a smart device and directly attach them to a maintenance request on an online platform.
The system is pretty simple to understand, according to previous clients, but even for those that have problems setting it up, Yardi Breeze offers free training and customer support to set up your account and learn the software.
Yardi was founded in 1984 to provide software solutions to the real estate industry.
How Much Does Rental Property Management Software Cost?
Most property management software programs charge between $1 and $2 per unit under management. It’s important to note when you’re shopping for a program, most providers will charge you a monthly minimum fee, usually in the $200 to $250 range, even if you don’t have enough properties to warrant that high of a fee. Most programs charge the landlord team, but TurboTenant is a notable exception, pushing its costs onto the tenants. With TurboTenant, and almost all other property management software companies, there are also optional features for both the landlord and the tenant to pay for and use.
Rental property management software biggerpockets is a leading platform that provides resources for investors to find the best investment property for rental income. It offers valuable information as well as access to relevant advertising, educational and networking opportunities. Rental property management software is a must-have for all landlords, especially when it comes to finding tenants and collecting rent payments. Since more than three-quarters of renters use online services to find places, it’s important to have an effective online presence. Bigger Pockets uses the best rental property management software biggerpockets to help you keep track of all your investments.
We hope this blog post has given you a better idea of the different types of rental property management software available on the market. We also want to thank you for taking the time to read our article and learn more about this topic. Thank you! Whether you are a new landlord or have been in the business for a number of years, BiggerPockets can provide you with the information you need to be confident that your next property is well managed. While there are certainly other Rental Property Management Software out there, Bigger Pockets may just make it simpler for those who do not have time to manage the business side of the rental property and of course keep your costs down! With all of these package options and the power of BiggerPockets, it is easy to see why Rental Property Software Bigger Pockets has quickly become the number one solution for small property owners.