collecting rents from rental units
Im looking for an easier way to collect rents from rental units from single family homes. If you use something you like let me know.
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There are lots of "property management softwares".
I'm a rent-by-room single-family investor in Colorado Springs, and I recently looked through the most popular softwares and selected one. The products I investigated were:
1. Tenant Cloud
2. Apartments.com
3. Innago
4. Avail
5. RentRedi
I was looking for a software that met the following criteria:
1. Online payments from tenants
2. Automatic late fees
3. Maintenance request portal
4. Free for the landlord
5. Online applications
6. Tenant screening (background checks, etc)
7. Lease signing
8. Ability to post vacancies in the software
I found that Innago was the only one to meet all these requirements. It does charge a $2 fee for each rent payment, but that is charged to the tenant by default. I haven't had any complaints from tenants about this charge.
The other softwares were pretty good, but here are the deal breakers for each.
Tenant Cloud: Tenants cannot setup autopay unless we have the paid version
Apartments.com: You cannot upload your own lease, you can only make modifications to their lease
Avail: You cannot upload your own lease, you can only make modifications to their lease
RentRedi: No free version
***I investigated these softwares 8-12 months ago, so some things could have changed. For example, you get a discount on RentRedi if you are a BP Pro member that could potentially make it a contender with Innago for my use.
Good luck :)