Rental property management software is a critical component to maximizing your rental income. It helps ensure that you don’t spend your time on the minutia of managing your property, so you can focus on growing and expanding your business. The following six rental property management software programs are our favorites for 2023:
What is Property Management Software?
Rental property management software is designed to keep track of your rental properties, tenants, and expenses. It allows you to easily communicate with your tenants by email or SMS. You can also create reminders that send out rent notices on the due dates for each tenant. If you have multiple properties, the best management software will allow you to manage all of them in one place so that you don’t have to log into multiple websites every day or week just to check up on things at each property location.
To determine which platform is right for you, determine which features are important and which ones you can do without. Here are the most common features for property management software:
- Marketing property listings
- Taking online applications and screening tenants
- Executing lease agreements
- Sending payment reminders and notices
- Collecting rent online
- Managing maintenance requests
- Integrating with Quickbooks
Doorloop is a property management software that allows rental property owners to manage their rental property from start to finish. It’s a cloud-based platform that can be used on any device, so you can access the software from anywhere and make changes in real-time.
Doorloop also allows users to find a tenant, screen them, and manage the lease so that there is very little paperwork needed. In addition, Doorloop has several features such as reporting tools for tracking expenses or taxes owed on each property. It also comes with an automated email system that sends tenants reminders about rent payment due dates or upcoming maintenance tasks (such as changing air filters).
Ideal for: The tech-savvy landlord who can easily adapt to complex software
TurboTenant is a rental property management software that offers a wide range of features, including:
- Rent Collection
- Expense Tracking
It may be the best option for you if you’re looking for an affordable, easy-to-use rental property management system.
Ideal for: Frugal landlords who don’t need all the features of a full property management platform.
PayRent is a property management software that is easy to use and affordable. The website says it is the most affordable property management software on the market, so if you’re looking for a cheap solution, this may be what you need!
PayRent offers a free 30-day trial period, so if you want to try it out before committing yourself to paying monthly fees then go ahead and sign up today! This will give you plenty of time before deciding whether or not this program is right for your business needs.
The company also offers a progressive web app for iOS or Android that allows users to access their accounts from anywhere with an internet connection (e.g., smartphones).
Ideal for: Landlords who appreciate simplicity and ease of use for themselves and their tenants.
RentRedi is the best rental property management software for those who are looking for a comprehensive solution that can be used to manage all aspects of your rental property. The program offers a free trial for new users and is cloud-based, so you can access it from anywhere.
RentRedi also comes with an intuitive dashboard that helps you stay on top of things as they happen in real-time. This makes it easy to see which tenants need attention, check their current status, or send reminders about upcoming rent payments or maintenance issues.
Ideal for: Landlords that want to list properties on multiple websites easily and automatically.
5. Zillow Property Manager
Zillow Property Manager is a rental property management software that helps you manage your rental properties. You can use Zillow Property Manager to manage your properties, collect rent, and communicate with tenants.
The platform also makes it easy for you to manage maintenance requests and work orders from tenants. The system provides reports on the status of these requests so that you know what needs attention first.
Ideal for: Landlords who want to easily list properties on Zillow and don’t mind limited features and per-property pricing.
6. Rent Manager
Rent Manager is a property management software that helps you find tenants, collect rent and do everything else you need to run your rental business. It’s designed to be completely customizable for your business. Another important feature is that Rent Manager and PayRent are integrated so you get the best of both platforms combined.
The program comes with many features including:
- A powerful search engine for finding new properties
- An integrated lease signing system that lets tenants sign documents online from anywhere in the world, even on their mobile devices!
- Automatic late payment reminders via email or text message (you can even set up automatic eviction notices)
Ideal for: Professional property managers that want completely customizable property management software.
Maximize your rental property management and make more money in 2023 with these 6 best rental property management software.
To maximize your rental property management and make more money in 2023, use these 6 best rental property management software.
- Zillow Property Manager
- Rent Manager
With so many options available, it can be difficult to know which platform is right for your needs. We hope this list has helped you find a solution that works best for your rental business. If you have any questions or comments please leave them below!