As a Winooski property investor, getting a hold of the right tools is imperative if you want to keep your business afloat. Owning multiple single-family rental properties can be quite stressful, especially if you plan to manage these rentals yourself. Property management software, however, can significantly help you organize things and keep track of your cash flow. The more properties you own, the more you will need a software solution to help you track rent payments, vacancies, insurance, repairs and maintenance expenses, and much more.
Based on social presence and customer reviews, one of the best property management software options for individual property investors is Appfolio Property Manager. Several users’ feedback shows that Appfolio is affordable, easy to use, and cloud-based, which makes it ideal for property owners who like to keep a constant eye on their properties. Well-liked features include an Owner Portal, the selection to generate reports, and a professional website tool. Other benefits that users noted included excellent quality customer service and a responsive company that welcomes user feedback.
A second highly-rated property management software platform is Rentec Direct. Aimed at marketing toward professional property managers, this software includes the possibility to set up automatic ACH payments, manage tenant screening, and publish vacancies online. You can create separate logins for tenants, owners, and the property manager (if they are different). Other advantages consumers stated were that the software is easy to set up and use, as well as does a fine job tracking rent payments, expenses, and maintenance calls. Rentec Pro software might be a bit costly for individual property owners since they price their software based on the number of units (i.e., the more units you buy, the less it costs per unit).
Two other property management software programs that individual property investors could choose from are Buildium Property Management software and MRI’s Property Operations Work speed. First, Buildium’s platform is a good option because of its all-inclusive capabilities. Using the platform, property owners can handle their business accounting, monitor expenses, make and accept online payments, and even file 1099 forms each tax season. Buildium also offers a tenant portal, an application system, and a website creation tool. The downside to Buildium includes the steep learning curve and the high-end cost of their software.
MRI’s Property Operations Work speed, however, is a relatively basic property management solution. Users especially like the service contract and warranty management component of the software, which can help you stay on top of property maintenance and inspections. Additionally, a useful component is the service request tool, which allows not only the property manager but also tenants and service providers to submit requests and work orders through a mobile app. Because the pricing is not readily available, you’ll most likely need to get in touch with the company to find out how much you can expect to pay for a subscription.
Aside from the software programs indicated here, there are 200 other property management software programs available for you to check out. Be that as it may, a good number of these programs are directed toward medium-to-large property management businesses or corporate property management and are not good options for individual rental property investors.
One great way of helping you decide which property management software you should choose is by hiring Real Property Management Sterling. Using our proprietary software, we give our property owners all of the benefits that come with working with us — confidence that comes with knowing that your welfare is in good hands. Contact us online or call us at 802-861-6468 to learn more.
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