12 min read
Move-out Checklist: Free Digital Condition Report for Landlords
A move-out checklist condition report is essential for landlords to document a rental’s condition once a tenant vacates. Picture this: Upon your final walkthrough...
Managing rental properties isn’t just about collecting rent and fixing busted gutters.
It’s about building a profitable portfolio while ensuring tenant satisfaction and reducing your day-to-day work. In the old days, landlords didn’t have purpose-built digital tools to help them manage their properties. However, with the invention of property management computer programs, keeping your properties running smoothly is easier than ever.
As these solutions transitioned to the cloud, online platforms can address the needs of landlords no matter where you are.
In this guide, we’ll review some of the most popular property management computer programs available to help you decide which is best for your business.
We created TurboTenant for landlords seeking an easy-to-use, cost-effective, cloud-based property management computer program. With a robust feature set and a quick learning curve, TurboTenant offers an excellent option for landlords who want to access the platform through their laptops or its powerful mobile app.
TurboTenant offers three pricing tiers. The Free tier has many features that can significantly help you manage your properties efficiently. It includes syndicated property listings, online rental applications, rent collection, and tenant screening.
The Pro tier (billed annually at $119) adds the ability to include custom screening questions for new applicants, unlimited lease agreements, lease addendums, and a quick, 24-hour turnaround for listing reviews.
The Premium tier (billed annually at $149) includes everything in the Free and Pro tiers. Plus, you’ll get lower screening fees, eSignatures, and waived ACH costs for online rent payments.
Buildium is a property management software program designed for mixed portfolios and provides landlords with a number of features that can make managing properties easier than before.
The Essential Plan, which includes accounting tools, maintenance tracking, tenant communication and messaging, and tenant screening, will cost landlords a minimum of $58/month without add-ons.
For more features, like unlimited eSignatures, “enhanced” tenant screening, and a free marketing website, landlords can expect to pay at least $183/month.
Starting at $375/month, the Premium option adds up to $500 worth of client leads, priority and live phone support, and a dedicated growth consultant to help increase your property management business.
Appfolio is feature-rich property management computer software built with large-scale property managers in mind. A 50-unit minimum is required to sign up for the service. AppFolio has been around since 2006 and heavily focuses on real estate investment at a premium price point.
Because of its investor-focused model, AppFolio’s pricing structure is at the higher end of this list’s real estate management software options. At the lowest level is the Core plan.
AppFolio charges landlords $1.49 unit/month, with a minimum spend of $298/month. This tier unlocks accounting tools, some marketing and leasing tools, work order management, and unit inspections, among other features.
At $3.29 per unit per month, the Plus plan requires at least a $960/month spend and adds advanced leasing metrics, corporate accounting, and some premium software integrations.
The Max tier costs $5 per unit monthly and requires a spend of at least $7,500/month. This option turns the platform into an advanced CRM with new leasing options, custom fields, database APIs, and a dedicated account manager.
Avail boasts a simple-to-use and easy-to-learn interface. It’s part of the Realtor.com ecosystem. Avail offers many features landlords have come to expect from property management software and provides both free and paid-tier options.
Like TurboTenant, Avail offers landlords a free tier. It’s called Unlimited, allowing landlords to manage unlimited units with this feature set. Features in the Unlimited tier include syndicated property listings, lease agreements, property accounting, and online rent collection.
For $9 per unit per month, landlords can opt for the Unlimited Plus tier, which provides landlords and tenants with more ways to pay rent, waived ACH fees, and customizable applications and leases.
For a versatile and customizable property management computer program, check out Rent Manager. Offering a set of tools for accounting, tenant screening, and the ability to manage work orders from the platform, Rent Manager could be an option for property managers with larger portfolios.
Rent Manager utilizes a purely per-unit pricing model, so while the price can start to push some landlords’ budgets, it’s clear what you get from the start.
The Basic plan charges landlords $1 per unit monthly, with a monthly minimum spend of $200. This plan grants access to work order management, rent manager online, their complete accounting suite, and a dedicated tenant app, among other features.
The Plus plan will cost landlords $1.75 unit/month, requires at least a $350 monthly minimum, and contains everything in the Basic plan. It adds the AppSuite Pro mobile app, an AI-powered AP Suite, and two-way texting between managers and tenants.
If you want video inspections, maintenance scheduling, and access to their customer success team, that will cost $2.50 per unit per month, with a minimum monthly spend of $500. Note that the setup fee for these plans costs two times the monthly payment.
Propertyware is a customizable property management platform that provides users a user-friendly and straightforward experience while offering many tools landlords have come to expect from this kind of software.
Like Rent Manager, Propertyware opts for a per-unit pricing model, with a monthly minimum spend and an implementation fee twice the monthly subscription price.
For the Basic model, landlords can expect to pay $1 a unit per month, with a monthly minimum of $250. This tier includes owner and tenant portals, maintenance tracking, accounting, and tenant screening.
Upgrading to the Plus model bumps the price to $1.50 per unit per month, with a minimum required monthly spend of $350. This tier comes with everything in Basic, plus eSignatures and inspections of the units.
The Premium tier will cost you $2 unit/month, with a minimum spend of $450. It allows more detailed maintenance projects and vendor portals to simplify the process.
Zillow has been an industry leader in property listings for a long time. With the addition of Zillow Rental Manager, they are moving into the property management computer software space. With a deep real estate background, Zillow Rental Manager offers a number of services users expect for a reasonable price.
Zillow rental manager costs nothing for landlords with small portfolios, including basic property listings on their platform, lease signing, and rent collection. Landlords who wish to boost their property listing can pay a fee of $29.99 per listing, which increases its visibility for up to 90 days.
Yardi Breeze is a relatively new offering from Yardi, who have decided to build a platform to try and simplify the property management experience. The platform can handle multiple property types, from residential to commercial, and offers features to help landlords manage their properties from anywhere.
For residential property management, Yardi offers two package options for landlords – Yardi Breeze and Yardi Breeze Premier. Both plans allow landlords to collect rent online, screen tenants, access state-specific lease agreements, and manage maintenance workflows.
The Premier plan, however, will provide a more robust feature set with more customizations than the regular plan. It’s a good option for landlords with a more extensive portfolio of properties.
For the standard Yardi Breeze package, landlords can expect to pay $1 per month per unit with a minimum spend of $100/month. The Premier plan also costs $1 unit/month but requires a $400 monthly minimum spend.
Innago has been around since 2017. The company aims to improve tenant management to make property managers more successful. Innago prides itself on offering landlords the necessary tools to ensure tenant satisfaction while improving the profitability of any portfolio of any size.
As one of the outliers on this list, Innago is completely free for landlords and passes any associated fees on to the tenant. Landlords can enjoy the platform’s feature set without dishing out a penny. Tenants will pay a transaction fee for paying rent online and an additional fee for tenant screening or income verification. This fee structure isn’t uncommon, and TurboTenant operates similarly.
Like Zillow, Apartments.com has been in the game for a while, and they’ve developed a property management computer program to position themselves deeper into the property management marketplace.
Of all the selections on this list, Apartments.com is the least transparent with its pricing models. Formerly a free product, many users have reported that they’ve moved to a pay model based on the geographic location of the units. Reach out directly to Apartments.com if you wish to learn more about their pricing structure.
As you can see, there are a number of solid property management computer programs out there for landlords to pick from. It’s never been a better time to be a DIY landlord since the tools and features these platforms offer can level up your property management game like never before.
But which one is right for you?
For independent landlords with small portfolios, finding a better choice than TurboTenant is hard. Landlords will find a user-friendly interface, tenant screening, online rent collection, and property listings, all for free. And for a (relatively) small yearly cost, you’ll gain immediate access to advanced and premium features at a price that won’t significantly dent your bottom line.
Landlords with medium or large-sized portfolios may consider products like Buildium or AppFolio. While the cost to access the services may be a little higher than average, the detailed accounting tools, in-depth financial tracking, and comprehensive tenant tracking will quickly prove its value in the time it saves you in the day-to-day grind.
Ultimately, the best property management computer program depends on your needs as a landlord and what you need to prioritize to streamline your daily operations and buy you more time to grow your business.
It can’t hurt to jump in head first and sign up for a free account today to see how property management software like TurboTenant can immediately impact your daily life.
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