4 Great Property Management Software Programs You’ll Love
Every property manager should be using software to keep up with the growing demands of the job. Tasks are always growing and demanding more from management teams, but modern software solutions make the job so much easier. Here’s 4 software programs designed specifically to simplify the job of a property manager. And each is rated very highly by current users. Chances are you’re going to love them too.
Best Property Management Software Programs for Landlords
No matter the size of your property management portfolio, there are tools available to make your business run smoothly. These tools can help you track financials, manage owners and tenants, market and promote your business, and process background checks…all in one place.
Aside from the convenience of having all these tools at your fingertips, property management software can help you to track transactions and maintain the paperwork needed to ensure compliance with regulations and tax codes. If ever you need to produce documentation, you can find everything you need in one place. This gives you piece of mind and lets you keep your focus on day to day operations.
Buildium offers a unique product that will not only help you manage your business but help to grow it as well. With over 1.8 million properties managed in over 50 different countries, Buildium offers tools to help both property managers and community managers.
Their communication portal allows tenants, managers and owners a centralized place to exchange and store documents, making it easy to stay in touch. Their platform can help you schedule showings, conduct inspections, process applications, conduct credit checks, and manage vendors.
Buildium has an impressive mobile toolset that lets you manage work requests, applications, tenant/vendor/owner communications, and scheduling wherever you are. With their HappyCo partnership, you can conduct inspections from your device, and with TenantTurner, you can automate your application, prequalification and customer service processes.
Buildium’s financial tools enable you to track and manage tenant and vendor payments and produce financial reports and tax filings, all within a secure environment.
Getting started with any new property management software can feel daunting, but Buildium has you covered. They offer onboarding services and award-winning support services to help set you up for success. See our longer review of Buildium here.
SimplifyEm can help you throw away your spreadsheets and paper receipts forever, with a complete set of property management tools that will help you to automate and track your company finances.
With one tool, you can manage all aspects of your business, including tenant screening, online credit/debit card and ACH payments, application processing, advertising, work requests and work order tracking, vendor management and much more. You will also be able to store all of your leasing information in one place, making it easy to find and eliminating the need for paper copies.
Having all of your financials in one place will make tax time a breeze, and help you spot errors before they cost you money. Filing your returns with one click removes all the stress of taxes, and can save you the expense of professional tax-preparation services.
With free training, a library of helpful videos and ongoing, unlimited customer service, SimplifyEm is here to help you simplify your business operations, freeing you to focus on building relationships and growing your business. See our longer review of SimplifyEm here.
Whether you manage 25 properties, or 5,000 properties, Rentec Direct is a property management system designed to support landlords and help them grown their business. Rentec Direct offers a vast suite of capabilities to help you manage your business.
Rentec Direct is web-based and offers unlimited customer service. There is no fee to start, and you do not have to commit to a long-term contract.
With Rentec Direct, you can manage all of your company finances in one place, with general ledger accounting and reporting features. You can even sync your Rentec Direct with Quickbooks, enabling a smooth, seamless process for managing your finances. You will be most grateful for these tools at tax time, when Rentec Direct offers simple electronic filing options for 1099s and other documentation.
You will also receive a full-featured website, which can serve as a portal for both owners and tenants. Your website will be equipped with tools to accept payments, track work orders, process applications, handle background screening and credit checks, and track utilities and other expenses. Highly rated security protections and 2FA verification keeps your data safe and secure. See our longer review of Rentec Direct here.
With a variety of features and products to meet your unique needs, one of these three property management software tools will be right for your business. Each one allows you to spend less time on managing your business, and more time growing it.
Choosing Property Management Software
Property management is a multi-layered task that can take some time to fully learn and understand. However, as with most fields nowadays, there is software available that can help you out as you work to fully manage and organize all of your properties. Just as property management is an involved undertaking, so is the software that can help you to succeed at it. Below are the different aspects of property management for which software can be useful.
Performance and rent are two things that need to be tracked if you are managing properties. For tracking rent, software is especially useful if you have more than one property from which you are collecting rent. There are even programs available that can assist you with sending out letters to those who are behind on their payments in addition to the regular tracking of payments. The performance tracking software can help you to determine how much money your properties are actually making for you. It does this by tracking all costs and performing calculations for you.
Bills, taxes, and expenses are things that everyone who manages properties must contend with. These three things can add up quickly and if you are not organized it can be a difficult part of property management. The software that is available can help you to track when bills are due and how much they are. For taxes, software can be even more useful. By tracking all of your expenses and income year-round, some software will be able to produce a tax form for you when tax time comes around. This will save you much time and worry. Managing expenses with rental management software will also save you much worry. There is much in the way of expenses when you manage properties, and software will help you to see where your expenses are, and perhaps even cut down on them.
Modern software can help you to manage your properties, and do it well, without the expense of hiring a dedicated company. With software, you can take control of your own rental properties and begin to relax as the software makes the entire process much easier for you.
Of course there are numerous programs available to help you manage rental properties. Be sure to review the main features of the property management software packages before you buy. Take a look at the table above to get started. Best of luck!