Property Management Software

[Kyle Conley]

I am looking to purchase a property management software to help with operating a 5 plex. I have heard of one called Buildium. Is there a software system that you recommend and that is reasonably priced and that is user friendly?

[Cassie Villela]

I use Cozy to manage my rentals. I absolutely love it. It is free. It is very easy to use (for both landlord and the renter). It is really easy for tenants to apply, and they pay the background check fees directly to Cozy. They can easily set up recurring payments. You can also go in and add expenses and other information to generate reports, although I do that separately so I can't give feedback as to how they work. It's also a bonus to tenants because it automatically reports to their credit report, so if they pay on time it will help their credit score. :) 

The only downside to Cozy is that it takes 7-9 days for the money to get to your account. You can see the day that the tenant pays rent, so it would be easy to see if someone was late. I think you can pay to have payments processed more quickly though.