What's the best rental Property software in 2021?

Multi-Family and Apartment Investing
5yFollow

What's the best rental Property software in 2021?

Daniel UchimotoPro Member
Contractor · Fayetteville WV · Member since 2020 · 30 posts · 6 votes

Hey Everyone,

A friend and I are looking into starting a property management company. Curranty between us we have just over 200 units in multiple holding companies. Our plan is to hammer out the systems on our units and then offer our service to the public to generate more income and help off set costs. Ideally we would like a system that would offer these features. 

Base accounting software

Rent collection

Tenant screening

varying levels of access ( Owners (us) Property manger, maintenance, property owners, tenants)

And what ever features we don't know we need yet. 

I've read some older posts, but with the way technology is changing, I'm interested in what the best platform to handle hundreds of units for multiple owners is today. 

1Reply
33 views

Most Popular Reply

Gord Collins
Toronto, Canada · Member since 2018 · 20 posts · 12 votes
5y

Great business idea Daniel, and it should be excellent in 2022 given the outlook for the rental property sector.  Buildium and Appfolio are really geared for large enterprise users (1000s of units) and typically won't want smaller clients.  Costs for most are similar but many of them aren't strong in accounting. That's why many landlords stick with Intuit or spreadsheets.  Just wanted to suggest that you think about where you're going, to make sure the software is very modern, cloud based, with a focus on automation. Have a good look at ManageCasa and go for a demo on it and ask lots of questions. Then you can sort through all the software offerings out there.

1Reply
See this reply in the discussion

10 Replies

Jump to latestLatest
  • Hudson Palmer
    Accountant · Member since 2021 · 8 posts · 4 votes
    5y

    Resman

    Appfolio 

    Entrata 


    Those are the 3 best IMO in that order. 

    0Reply
  • Daniel UchimotoPro Member
    OP
    Contractor · Fayetteville WV · Member since 2020 · 30 posts · 6 votes
    5y

    @Hudson Palmer thanks I will check them all out

    0Reply
  • Drew SygitBusiness Member
    Property Manager · Royal Oak, MI · Member since 2012 · 12k+ posts · 9k+ votes
    5y

    Propertyware is the most customizable.

    Biggest issue with software - no one takes the time to learn how to REALLy use them and then wants to lable them junk.

    [email protected]248-209-6824
    Logical Property Management4.9459 Reviews
    WebsiteView Page
    0Reply
  • Justin Montgomery
    Member since 2021 · 3 posts · 1 vote
    5y

    I just purchased a 14-unit complex and in the middle of setting up the management system.  I am using Innago.  Seems to be a great software and its free.  Innago makes money from applications, and monthly payments (ACH & Credit Card Fees).

    1Reply
  • Daniel UchimotoPro Member
    OP
    Contractor · Fayetteville WV · Member since 2020 · 30 posts · 6 votes
    5y

    Thanks for the input.  

    0Reply
  • Gord Collins
    Toronto, Canada · Member since 2018 · 20 posts · 12 votes
    5y

    Great business idea Daniel, and it should be excellent in 2022 given the outlook for the rental property sector.  Buildium and Appfolio are really geared for large enterprise users (1000s of units) and typically won't want smaller clients.  Costs for most are similar but many of them aren't strong in accounting. That's why many landlords stick with Intuit or spreadsheets.  Just wanted to suggest that you think about where you're going, to make sure the software is very modern, cloud based, with a focus on automation. Have a good look at ManageCasa and go for a demo on it and ask lots of questions. Then you can sort through all the software offerings out there.

    1Reply
  • Daniel UchimotoPro Member
    OP
    Contractor · Fayetteville WV · Member since 2020 · 30 posts · 6 votes
    5y

    Thanks, I'll check them out as well. 

    0Reply
  • Tony Guardado
    Rental Property Investor · Canton, OH · Member since 2014 · 74 posts · 28 votes
    4y

    Appfolio

    0Reply
  • Wale LawalBusiness Member
    Real Estate Broker · Houston | Dallas | Austin, TX · Member since 2018 · 5k+ posts · 2k+ votes
    4y

    Hi @Daniel Uchimoto, try to check Buildium, TurboTenant or AppFolio.


    [email protected]832-776-9582Podcast Guest on Show #469
    NETWORTH BUILDERS5236 Reviews
    WebsiteView Page
    0Reply
  • Daniel UchimotoPro Member
    OP
    Contractor · Fayetteville WV · Member since 2020 · 30 posts · 6 votes
    4y

    Thanks.  I looked at Appfolio, Yardley, renttec and buildium.   Yardley seemed way more expensive then what we needed at this time.  Appfolios website wasn't super easy to navigate.  It maybe a great program, I don't know, but the initial impression was tarnished by the website interaction.   

    Rentrec and buildium seemed to offer a similar products with similar features that fit our needs.   Although buildium costs a little more per unit we have decided to move forward with their platform.  Their program seemed more polished that Renttec. Think Asteroids vs super Mario Brothers.  In regards to selling our property management services to other landlords we preferred the look and feel of it. Thanks to everyone for their suggestions. 

    0Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free