TrueRent Software

Customer support responses have vastly improved over the last 90 days. The additional changes they are making generally are good but it would be nice to receive an email letting us know when something is coming down the pipeline with a timeline so we are can make changes on our end as necessary.

Pros

Great value for the money, offers quite a few features for an affordable price

Cons

Too many steps to set accounts, features and processes seem to change frequently with no warning (example, we allow 5 days grace period for rent before it is considered late. Until recently we had to set the late fee as due the 4th in order for it to go into effect on the 6th as per our leases. Now it is actually set correctly on the software end. There was no notice to this change which caused some panic on the part of tenants).

I've had a great experience with the tool, easy to track Rent payments, Vendor repairs & maintenance and Reporting

Pros

Easy use, intuitive, Cloud based, functional

Cons

Not many cons at all. Only hope to see more features and enhancements. More direct wire rent payment options

My business entries are easy and tax reports are immediate. Sometimes I have to hunt-and-peck to get a particular report, but I have learned to use Filters to refine reports. I am just starting to use the Tenant Screening and am wondering why the hell I ever waited. Still getting used to this function but it should prove invaluable.

Pros

It is very comprehensive, including about everything a landlord (or his accountant or, god forbid, the IRS).
The software keeps getting updated for clarity and ease of use. Updating the structure of Tutorials is one case.

Cons

Some features are not clear to me. For instance, I have never understood the Ledger function.

Pros

The software was able to accommodate all my property rental documentation needs as well as providing detailed reports and address reports. It was reliable as some software has glitches but not TrueRent! The software also handled my vendors accounts and deposits to the owner with breeze.

Cons

I did not like the way it allows the tenants to log into their own portal and it has to go through their website so that the tenants know all about the service as if to elude they are advertising to my tenants. I think a branded or separate area or page should be available for tenant log ins and should integrate with my website.

Pros

Truerent offers quick time pay to receive rental payments however, the fees can add up between the initial fees and ongoing monthly fees to user and tenants.

Cons

Fee structure is too much compared to other options as far as rental payments, marketing, online applications, maintenance requests, etc.

TrueRent is the most intuitive software I have found. The customer support is great and collection rent online is quick and easy. Once you use online rent collection you won't understand how you lived without. I also use their credit screening feature which is really good.

Pros

Intuitive, useful features, online rent collection, credit screening

Cons

Does work with vacation rental but they say it's coming soon.

Advice to Others

14 Day free trial included.

I've tried a ton of property management softwares in the past. This is by far the best one I've used.

Pros

Very affordable. A lot cheaper than the bigger companies like Buildium and Appfolio, and offers a lot more than the smaller companies with similar prices.

Very intuitive and easy to use. The financial reports it generates are very helpful. The rent roll feature they offer is great and helps keeps track of who has paid and who hasn't.

The QuickPay ACH payment program is really nice. Almost all of my tenants now use it to pay their rent.

Cons

The site works on my iphone and ipad, but it would be great if they offered an app. Their QuickPay ACH payment program is great after you get approved, but the application process was pretty long (about 5 days).

Advice to Others

Try it out! They give you a free trial.

True Rent is the simpliest property management site I have tried. I have been using it for about 3 months now and truly love it. No accounting degree required.

Pros

Excellent customer support, easy, straightforward, collecting rents online is easy too. It does everything needed to manage my 30 units.

Cons

None

Advice to Others

Definitely worth a try. Pricing is good.

I have been using TrueRent for about 2 years. It does everything at a very econimcal price. I have been using the online rent collection and its awesome. Also, I like the fact the ACH payments are free. I strongly recommend.

I have been using the site for several months with good luck. We manage about 50 properties. Customer support is responsive and accommodating.

I had been searching a long time for something like True Rent. I found the site here on Capterra late last year. I have been using the site daily and have had great results. I own apartments and storage units. Yes, it will work with storage units.

Plus, according to support, the site is free forever for current users even if they start to charge in the future. This means one less monthly outgoing payment. This was huge for me. If you are considering starting or finding a new property management software site, I recommend doing it now to get locked into a free account.

I also really appreciate the fact that customer support really listens to users. This is rare I find. Plus they are constantly adding new features.

I hope my recommendation helps others like I was helps here.

Jason
Real Estate Investor

it should be tailored further to capture data through a management company. thank you for good job.

Pretty solid so far. The site is a little confusing in the beginning but once you go through it a couple of times it's easy. Watching the support videos really helped me when setting up my properties and tenants. (Strongly recommend watching) There is no tenant screening option which is something I need (support said it's coming soon). Overall the site is great especially considering it's free.

I usually don't write reviews but this one is worth it.

I bought a foreclosure 2 years ago and haven't really been keeping good records. Tax time is a real hassle for me. Last month I purchased my second investment property, a duplex. I decided getting organized was the only option since tripling my unit count. After a lot of searching, I found True Rent. It's the only truly free site I could find that is easy to use and has a lot of good features.

I have gone back and entered my income and expenses for the last year in order to get a complete picture of how much money I'm making. I never thought getting organized could be fun. (It's kind of addicting)

What I like:
Snapshot which displays my properties one screen along with how they are performing. (show my equity and other financial metrics like LTV, GRM, etc)
The ease of entering transactions and how the entry fields auto populate.
The reports - At a glance is really cool once you go back and enter a years worth of rents/payments.
File storage. (There is no limit on storage which is good.)
Support is quick to respond. (I emailed a question to support and they responded within minutes.)

Overall the site is great and I have no complaints. I highly recommend to anyone looking for a free option.

I've tried several property management programs/websites. I can honestly say True Rent is the easiest program I have used.

Pros:
The site is free up to 25 units
Easy and Fast
Works on both Residential/Commercial.

Cons:
They don't have tenant screening yet
Advertisements (Not a lot though. All I have seen is a small square ad in the righthand bottom portion of the screen so it's out of the way and non-invasive. It's definitely not a problem for me considering I'm not paying a monthly subscription fee.)
No CAM option

I have operated a property management company for several years. I also have my own rental properties. I've only used TrueRent a short while, but so far it's been easy to use and allows me to manage all units, both personal and managed units on one site. It has everything I would want from this type of program. Transaction and data entry is easy and can be done from many areas/screens. This will definitely make my accounting easier. The "Snapshot" feature is helpful too, I can finally see where I financially stand. The analytics seem very complete with everything I would possibly need to know for forecasting and decision-making. I can see the possibility of this real time data helping my bottom line. I will continue using this product and will refer to it often during tax time.

I use truerent because it's easy and fast. Has ACH payments and I can expect applications online. Overall an excellent value for the price. I manage 11 units so I pay $11/month. Was paying more for another service.

I own a few duplexes in Southern California. This website fits my needs. I was using another site, but was paying $40 a month for six units, because of their $40 monthly minimum. That's about $6 per unit, which did not include the ACH rent payments from my tenants. True Rent also has a lot of other features that I have yet to use. I will report back with an update once I have used the other features.