No doubt about it — investing in real estate is a lucrative venture. However, for small landlords, the property management process is often quite challenging.
From rent collection & tenant communication to maintenance requests, juggling multiple tasks can be overwhelming without the right tools.
Thankfully, the digital era has ushered in a wave of innovative solutions that will simplify these processes and make property management more efficient and less time-consuming.
In this comprehensive guide, we’ll delve into 10 of the best property management software for small landlords.
These platforms offer a wide range of features that will not only automate routine tasks but also enhance your overall productivity.
Let’s get started.
1. Propertyware
Source: Propertyware
First on our list is Propertyware, a robust software that provides powerful tools to simplify property management.
Propertyware supports seamless integration with other software systems to help you reduce duplication, minimize manual data entry risks, and increase overall efficiency.
With its vast customization options, you can develop unique workflows & automatic processes to deliver superior service to property owners and tenants.
Key features
- Has an accounting tool to help you manage your finances
- Streamlines tenant screening using AI
- Automates your leasing process with its online leasing solution
- Offers a payment solution for tenants to aid easy rent payment
- Protects rentals against accidental damage with its AssetProtect Insurance Program
- Provides customizable tenant & owner portals for quicker information sharing and communication
Pricing
- Basic: $1/unit/month
- Plus: $1.50/unit/month
- Premium: $2/unit/month
A free trial is available on request.
2. TenantCloud
Source: TenantCloud
TenantCloud is a cloud-based property management software designed to streamline and enhance various aspects of property management.
It offers a plethora of features that cater to landlords, property managers, tenants, and service professionals.
With this platform, landlords can efficiently list vacant properties, screen tenants, and manage financial transactions all in one place.
Key features
- Helps you screen potential tenants with screening reports, background checks, and credit checks
- Lets you create customizable online rental applications
- Allows you to build, upload, and invite tenants to e-sign lease agreements
- Aids faster online rent payments
- Lets you create and receive maintenance requests, assign service professionals, and track repair progress
- Offers rent reporting to help you build your credit score
Pricing
- Starter: $15.60/month ($187 if billed annually)
- Growth: $29.30/month ($352 if billed annually)
- Pro: $50.40/month ($605 if billed annually)
- Business: Custom
A 45-day free trial is available for all plans.
Related: The AI Guide for Entrepreneurs and Freelancers in 2023
3. Landlordy
Source: Landlordy
Landlordy is a comprehensive solution for small landlords seeking efficient property management on their smartphones.
It facilitates financial control, reduces time spent on administrative tasks, improves communication, and helps you stay on top of essential aspects of your rental business.
This tool lets you track tenant payments, log rent payments on the go & manage expense receipts digitally by taking photos or importing files from various sources.
You can download Landlordy on iOS and Android devices. It’s currently not available for Windows, Mac, or as a web app.
Key features
- Lets you track rent payments & send payment receipts to tenants
- Helps you organize safety checks and maintenance records
- Provides a central location for you to manage information about your properties, tenants, and rental fees
- Generates instant financial reports on your rental income and expenses
- Allows you to send rent invoices to tenants via email or messages
- Sends reminders for upcoming lease renewals, late payments, and expenses due
Pricing
- Free
- Mini: $14.99
- Plus: $49.99
- Pro: $99.99
4. RentRedi
Source: RentRedi
One of the best property management software for small landlords, RentRedi offers several features that effectively handle various aspects of the rental process.
This landlord-tenant app aims to ensure stress-free renting that is both affordable and accessible to everyone.
Through its partnership with Latchel, RentRedi allows landlords to easily outsource maintenance tasks for premium property management.
Tenants can also use this platform to apply for a rental, make rent payments, and submit maintenance requests — all from the convenience of their mobile devices.
Key features
- Offers landlord and tenant apps for easier rent payment & management
- Helps you identify high-quality tenants through certified screening
- Gives you access to unlimited property marketing pages so you can list & market properties
- Streamlines lease signing & document sharing
- Allows you to provide affordable rental insurance to tenants
Pricing
- Monthly plan: $19.95/monthly
- Annual plan: $9/month
- 6 months: $15/month
5. Avail
Source: Avail
This free property management software for small landlords provides a complete set of tools, guidance, and educational content that will help you effectively oversee your rental properties.
With Avail, you can easily manage tenant interactions and customize leases based on state-specific templates.
The platform also allows you to request credit, criminal background, and eviction reports from applicants at no cost.
What’s more, Avail provides a rental property accounting tool that simplifies bookkeeping by automatically tracking income and expenses.
Key features
- Facilitates management of online rent payments
- Allows you to publish your rental listings across top rental sites
- Provides customizable online rental applications
- Offers full online tenant screening services
- Lets you access state-specific rental lease agreement templates and request digital signatures from tenants
- Simplifies property management with in-app messaging, repair progress tracking, etc
Pricing
- Unlimited: Free
- Unlimited Plus: $7/unit/month
6. DoorLoop
Source: DoorLoop
DoorLoop is an all-in-one property management software designed to simplify and streamline the management, growth, and automation of real estate portfolios worldwide.
Whether residential, commercial, student housing, mobile homes, or self-storage units, DoorLoop aims to be the go-to solution for managing any property portfolio.
It allows you to list properties on popular platforms like Zillow, Trulia, and Hotpads and even get a custom website to collect new applications.
Key features
- Automates rent collection
- Let you offer renters insurance to your tenants
- Streamlines property management accounting with custom reporting, automated filtering, financial reports, and more
- Offers tenant screening, lease management, and lead management
- Provides customizable rental applications
- Simplifies maintenance management through an online portal that handles maintenance requests, work orders, and vendor payments
Pricing
- Starter: Starts at $29.50/month for the first 2 months ($24.50/month for the first two months when billed annually)
- Pro: Starts at $59.50/month for the first 2 months ($49.50/month for the first two months when billed annually)
- Premium: Starts at $89.50/month for the first 2 months ($74.50/month for the first two months when billed annually)
Related: Startup vs Consulting: Which One’s for You?
7. TurboTenant
Source: TurboTenant
Another free property management software for small landlords, TurboTenant helps you handle all aspects of your rental process in one place.
You can efficiently manage the tenant lifecycle, from posting listings on popular renter sites to screening potential tenants for financial, criminal, and eviction history.
With TurboTenant, you can create state-specific lease agreements effortlessly & communicate with your tenants through its professional messaging app.
Key features
- Offers lead tracking & management
- Helps you collect rent online for free
- Allows you to create customizable & verifiable renter applications
- Provides tenant screening reports
- Manages your lease, document, and maintenance needs
- Comes with an integrated accounting software
Pricing
- Free
- Premium: $8.25/month
8. Stessa
Source: Stessa
Stessa offers a comprehensive platform that helps property owners optimize their returns and streamline property management tasks.
Stessa offers a tax centre that streamlines tax preparation through built-in Schedule E and Tax Package reports.
Its mobile app, available on iOS and Android, allows you to categorize transactions, check key metrics, and scan receipts on the go.
Key features
- Allows online rent collection
- Offers tenant screening & application management
- Automates your property accounting with dashboards and reports
- Provides asset management
- Allows you to open a high-yield bank account for each property
- Gives you access to 50+ legal templates and eSigning
Pricing
- Essential: Free
- Pro: $20/month
9. Hemlane
Source: Hemlane
Hemlane is a technology platform that simplifies & automates property management for rental property owners.
It can connect you with local real estate agents who offer support in areas like leasing assistance, rental showings, and turnover coordination.
The platform also facilitates repair coordination with a 24/7 team managing tenant maintenance requests.
Key features
- Allows advertising to over 30 rental listing websites
- Helps you track and manage rental applicants
- Provides tenant screening services
- Gives you complete control over your leases and communications
- Facilitates fast online rent payments
- Offers repair tracking
Pricing
- Basic: $2.50/month/unit + $34 base fee ($2/month/unit + $28 base fee billed annually)
- Essential: 15/month/unit + $34 base fee ($12/month/unit + $28 base fee billed annually)
- Complete: $95/month/unit + $34 base fee ($80/month/unit + $28 base fee billed annually)
A 14-day free trial is available.
10. Buildium
Source: Buildium
Buildium offers a cloud-based platform with features tailored to streamline your day-to-day operations.
It allows you to perform tasks like approving lease applications, resolving maintenance issues, handling payments, and updating financials more efficiently.
This software also provides access to reports and analytics to track rental income, expenses, and other key metrics.
Key features
- Automates your bookkeeping, collections, and payments
- Provides powerful property management data analytics
- Allows you to track maintenance requests
- Aids remote property inspections
- Helps you manage rental applications & screen tenants
- Offers renters insurance services
Pricing
- Essential: $55/month
- Growth: $174/month
- Premium: $375/month
A 14-day free trial is available.
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In conclusion, choosing the right property management software is crucial for small landlords like you looking to boost operational efficiency and tenant satisfaction.
Each tool mentioned above comes with unique features that will offer you a more organized & successful property management experience.
Before you go, we’d like to ask — do you want to stay connected with more actionable advice that will help you efficiently manage your rental properties? Well, by subscribing to the Building Startup Newsletter, you can enjoy this & then some!
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As an investor in many successful ventures like Coffee Meets Bagel, Doorvest, and Squire, Ajay is poised to provide you with valuable tools and resources that will help you navigate the startup world.
