Whats the Best Rental Software or your favorite?

Question

Hey all,

Im currently on three rental properties and was researching on some of the different rental property softwares out there and wanted to get some insight from the BP members that might've had first hand experience with this. Whats your favorite software and if you can explain why? Thanks!

Kevin Moyer · Answer

I'm completely unaffiliated- but I've been using Hemlane (new software) and I'm very happy with it. My owner clients have been very impressed too.

Kevin J. · Answer

@Rebecca P.

Do you still use Hemlane? Which package (Just the software, Essential, or Complete) do you use and what's been your experience with them so far?  Thank you~

Account Closed · Answer

I hv a question for those that use property software to self manage, what do you do when u get a call in the middle of night?

Todd Dexheimer · Answer

Cozy.co for under 50 units

Rebecca P. · Answer

We use Hemlane as well. I love the feature to choose to have maintenance tasks handled by the Hemlane team when we are on vacation. For us, Hemlane is the best middle ground to DIY vs. paying a property manager.

Rob B. · Answer

Hi Muhammad! I love to hear that you're taking the independent approach to self-managing. There are definitely some tools that can help with managing things moving forward. Aside from providing the basics (ie. listing tool to get the property published to 10+ major sites, scheduling tool to schedule viewings, tenant screening with comprehensive applications -- pulled reports from TransUnion, which include nationwide criminal background checks + credit checks + eviction history, digital lease creation tool, rent collection tool, and maintenance tracking tool), some services also offer your tenants additional capabilities which makes it an easier sell on your end when getting them to transition over (ie. their ability to report on-time rent payments to the credit bureaus; this can create an added incentive for making sure they pay that rent on time). Happy to answer any questions you might have!

Cameron Tope · Answer

@Muhammad Elzeibagh I've used Buildium to personally manage my own portfolio of rentals and now use that software to manage other owners properties.

There are a lot of features but the automated implemented late fees and maintenance requests are the most helpful.

If you decide not to use a software have someone to direct phone calls to your maintenance guy, this will be a big time saver.

Best of luck!

Michael Reilman · Answer

Hey @Muhammad Elzeibagh ,

Came here to say this. If you self manage, Cozy is great and I use it myself and is free. I think it's best used on 1-8 properties, and even the owners said it was designed to target the "small" investor, people who have a few single family homes.

My property manager uses Appfolio and I think it is excellent at generating reports and especially good for apartments.

Chris Collins · Answer

@Muhammad Elzeibagh

Q: Are you trying to scale up to more units or stay the same size?  If scaling up, consider Appfolio.

If staying the same, consider using Cozy.

If you don't want to pay, consider building an Excel sheet or Google Sheets also has some business templates.

Whats the Best Rental Software or your favorite?

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