Updated 24 days ago on . Most recent reply
Rent collection tools for landlords
What rent collection solutions do you all use? What do you like and don't like? I currently use a mix of venmo, paypal, zillow, and zelle but rent collection is always a pain each month. Hoping there is something better
Most Popular Reply
Patrick brings up a great point that the size of the portfolio can dictate quite a bit about what tool will be "best" for your situation.
One of the mentioned tools make take you strides from the headache you are experiencing now and as you scale, a year down the road it may no longer make the most sense.
We made the decision to use AppFolio from the beginning knowing it was overkill at that time and as we've grown into it they've continued to add many new features over time.
Even today with hundreds of properties under management there are still features we don't need/use in AppFolio.
Some will rightly view as a negative, but I see value in some of the software options (like AppFolio & Buildium) that aren't a one-size-fits-all, but rather you can select key components you need at your current stage (and only pay for those) then augment the services as the need arises.
- Jacob Bownds
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