Does anyone recommend Zillow Rental Manager?￼ Today 1/12/21, I will be closing on my first rental property.￼ I just discovered Zillow rental manager. I was wondering if anyone uses it or recommends it. Also, if anyone has any other recommendations like Cozy, I would greatly appreciate any input. This is my first rental property and I hope to have many more. At this time, I would like to know of the least expensive option for managing a single property. I am interested in something to help with, ￼credit checks, background checks, lease agreements, rent payments and other things of that sort.￼￼ The house should rent for a little over $1500 per month. That should be around $300 per month cash flow.￼
@Greg Gillespie Good morning!
Begin with the end in mind. First off, do you plan on managing your properties when/if you acquire more? Unless you want to spend your valuable time trying to build a property management system, I would strongly consider passing it off to a [email protected] PM who already has systems in place. This will free you up to focus on acquisitions.
I'm very curious to see whether or not someone has used Zillow Rental Manager. I've never even heard it brought up in a conversation before.
Thanks Drake. I will self manage until I have a few more Properties.
We advertise our vacancies on Postlets.com which will auto post on Zillow, Trulia, and many other sites. This is no cost. We also advertise on Craigslist (again no cost). We use RentPrep.com to run background check and credit check. We charge applicants an application fee that covers the cost of the background and credit checks. We then use Rentigo to manage the tenants. They make payments online which direct deposits to our bank account (saves time) and the tenant pays the processing fee (no cost to me). The tenants can also submit work orders thru Rentigo.
Thanks for the information.
@Greg Gillespie I used Zillow rental manager quite a bit this year. I have 6 units, most of which I rent short term. I used to own a number of long term units but haven’t been in that market for a few years.
When Coronavirus shut down the economy and no on was staying in my STRs I advertised them as long term rentals on Zillow. I rented them all quickly and easily. It is not the easiest platform to customize but is a one stop shop if you can deal with their templates. It worked fine for me. It allowed me to advertise the property, see applications, create a lease, and collect rent in one place for free. The listings after your first property do cost 10/ week but I found that to be very reasonable.
Let me know if you have any specific questions.
@Jake Cohen thanks so much. Very helpful information.￼
@Greg Gillespie not a problem. If you need any additional help let me know.
Congratulations on your first rental property!
I have been using Cozy for almost a year now. I enjoy its simplicity and features. I post one ad and it will share it to all the major rental sites. My tenants can pay rent and other fees and more. It's worth checking out.
I use Zillow rental manager on the properties I self manage, including two out of state properties, but so far I have only used it to advertise my rentals and for tenant screening (but only if they come from my Zillow listing) I haven’t gone any further than that because I’ve been using cozy.co for everything else. (Application, background screen, tenant info and payment tracking.) Once I have a new tenant i send them an invite link so they can get their account set up and payments scheduled—I collect security deposits, as well as the monthly rent through there. My tenants occasionally will post their maintenance requests there too.
Since I already have everything in Cozy I hate to switch but it looks like Zillow rental Mgr has similar features as Cozy. If I did switch it would make it more streamlined and efficient but I’m just not ready to do that yet.