1st time property managing: software for rent collection
We did the 90 day BiggerPockets challenge and we close this Wednesday on a quadplex! We live 50 minutes away and plan to manage the property ourselves.
What software/app should we use to collect and manage rent?
Any other advice on software/apps to manage the details?
Thank you!
Most Popular Reply
Congratulations!! A 90 day challenge in 2017 was what really kicked off my investing.
I personally use Buildium for my PM software. It's a little more expensive and more robust than what most people will probably need. I started on this, so I have chosen to stick with it and not try to switch everything over.
Cozy.co was really popular but recently was acquired by Apartments.com. I haven't personally used it since the change, but a lot of people are really unhappy with it.
Tenantcloud is supposed to be great, but again I'm on buidlium so I can't really speak to it from experience. I know it's quite a bit more affordable than buildium but supposedly has better usability compared to the new apartments.com version of Cozy.
Good luck!