We wrote this guide to help you determine what kind of system will best suit your organization.
Here’s what we’ll cover:
Rental property management software enables users to execute a considerable number of essential daily tasks to help all operations run smoothly for a given property. These tasks include managing and tracking tenant information, handling all accounting and billing needs, posting vacancies online and processing maintenance requests.
Rental property software simplifies these tasks by automating recurring activities like monthly rent payments and tracking income and expenses to help you monitor the financial health of your business.
Software for rental properties manages one or more of five general functions:
1. Applications and tenant information
2. Rent roll and payments
3. Vacancy management
4. Maintenance record keeping
5. Financial accounting and reporting.
Integrated suite vs. point solutions. Integrated suite rental management software combines a range of applications such as accounting, record-keeping and maintenance tracking into one system. In contrast, rental property manager software point solutions serve one specific function (such as processing online rent payments) and are either used in conjunction with other software or in a standalone capacity.
Size and number of properties. Certain rental tracking software systems are better suited for a large number of units or properties with mixed portfolios, whereas others are best for single properties with only a small number of units.
Web-based vs. on-premise deployment. Web-based (or “cloud”) rental property management systems store the application and all associated data online and are accessible from anywhere with Internet access. On-premise systems require software to be installed on a computer or server in your facility.
Mobile-optimized. Some rental property manager systems are accessible via tablet or smartphone, making it easy to view, enter and track data on-the-go.
We're able to offer this service to buyers for free, because software vendors pay us on a "pay-per-lead" basis. Buyers get great advice. Sellers get great referrals.