Property Management Software - Small Portfolio

9 Replies

I have finally come to the realization that I can no longer run the financials and handle all that is required to run a rental property in my head or with my manual spreadsheets I have created. It is just too much, and there is too much possibility to let things fall through the cracks. The main things that are important to me and what I am looking for are: ability to handle online payments, basic payment ledgers to track expenses and income, maintenance request portal for tenants, and the ability to set up some automatic emails.  I have begun looking at software's such as Cozy, Buildium, and Tenant Cloud; but I wanted to see what you all have liked and recommend.  I currently own and manage two units, however, I can't scale up until I get a system in place to make this management a little easier.  I do not want to pay a management company right now, as I would like the knowledge and experience. Let me know what you recommend or like or didn't like with software that you have used or currently use.  Thank you in advance for the help! 

You don't need to pay for a system with two units. I have 50+ units under management and we don't use an expensive platform (we will eventually but no need yet). Cozy to collect rent and for tenant maintenance issues. Use a better spreadsheet to track income/expenses. 

@Jake Stuttgen Thanks, I am leaning towards Cozy right now!  @Peter T. Not looking for one I need to pay for which is why I was leaning towards Cozy.  I have a very detailed spreadsheet, but its a pain in the rear to instert receipts and invoices etc to tie it to all of that and requires a good amount of work every month, which is why I am looking for something a little more user supportive

Originally posted by @Reece Bierhalter :

@Jake Stuttgen Thanks, I am leaning towards Cozy right now!  @Peter T. Not looking for one I need to pay for which is why I was leaning towards Cozy.  I have a very detailed spreadsheet, but its a pain in the rear to instert receipts and invoices etc to tie it to all of that and requires a good amount of work every month, which is why I am looking for something a little more user supportive

You could always consider hiring a property manager then. The operations of these houses/apartments take time and that's essentially what you're trading. Time for money.

 

I also use cozy and love it. My tenants love it as well.

Not sure if anyone has tried "Stessa"? I have heard @Brandon Turner on the podcasts refer to this software as a show sponsor, but I have not tried it myself yet

Originally posted by @Tony Guardado :

@Peter T. What are you going to use next? Buildium? AppFolio?

I'm leaning towards Appfolio. I have spent too much time reviewing so many different platforms and AppFolio seems the best.