Can anyone please recommend a quality, but inexpensive property management software package? I am use to Yardi at work, but a small fry like me cannot afford a program like that. I have QB Pro 2008, but I cannot find a good guide to setting it up for property management.
Here are a few Online Property Management software products you can check out.
If you want to keep things simple - avoid using property management software. It costs a lot to set up. When changes are made the updates cost a lot to keep current.. Most generate tons of worthless reports. As an investor when buying a property I have to sift through the hundreds of pages and put it into a 2-3 page format that is easy to read and get what you want out of it. If you do not care for the environment - go ahead and get one of these PM programs. MS-Office seems to do all I need to manage 3 different properties with about 210 units. Others I know are happy using QuickBooks.
Tenant Pro is good it imports to Quickbooks if you want it to. Quick Books does not work well with property managment. You can set up online rent payments with PSN as well. If you are trying to save money then just use excel sheets one for each property.
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I ran a PM company for 2 years with Quickbooks and Excel. Between 30-75 single family homes.
I looked into lots of software and Appfolio is one I remember being really cool and on top of technology. I don't remember how they compare in price, just remembered they impressed me BIG TIME.
P.S. I only manage my homes and pass the rest along to another PM company that uses Yardi (expensive).
I'm happy to show you how to set up QB to be pretty decent. PM or email me. I LOVE QB for this, although it does have certain limitations. I'm going to check out a couple of the links posters have posted as well...
To be honest with you I tried a certain software that cost me $250 and was terrible, most reports were pretty useless. I figured I could recreate most of what I wanted in Excel which is what I have used for my 3 buildings and works great.