Take a look at our top 5 tech tools for property managers and landlords. These tools will help streamline your workflow and make the lease and rental payment processes paperless. With the single-family rental market becoming a more active market segment, and industry experts predicting this sector to remain strong for the long-haul, we know some of our members are stepping into a property management role to replace some of their declining REO work. Whether managing properties for a client or purchasing your own investment properties to rent, here are a few tech tools to help manage your task flow and income:
RentyPay
Features:
• Online property listings
• Your own online rental applications (Create your own and upload them.)
• Your own online rental contracts
• E-signature applications and contracts
• Online maintenance requests
• Receive credit card payments online through eRentPay
• Access to an online forum to ask advice and questions
• Tenant screening
Cost:
• $12 per month per unit for basic service, including online payments and maintenance requests
• Pay as You Go for additional services, such as e-signature forms and tenant screening
Promas
Features:
• Software runs in the cloud, so you can access it anywhere
• Promas software adapts to your specific fee structure
• Customizable touch screen inspection process
• Helps users meet regulatory requirements
• Access to support staff and webinars to help navigate Promas
• Designed for management of residential and commercial properties
Cost:
• License starts at $900 for a 30-unit maximum and go up from there
• Additional fees include annual subscription (minimum $300)
Appfolio
Features:
• Cloud-based solutions and mobile app
• One-click vacancy posting syndicates your listing to dozens of websites
• Online applications
• Online applicant screening
• Online leases
• Online rent payment
• Automated late fees
• Online maintenance requests and inspections
• Unlimited users
• Training and support
Cost:
• $1.25 per month per unit with a $250 minimum
• Onboarding fee based on number of properties ($400 minimum)
RentPayment
Features:
• Online rental payments
• Mobile app
• Marketing services
• Support services
Cost:
• 2.95 percent for credit card payments
• 0.95 percent for debit card payments
• $4.95 for e-checks
• Options available for the resident or property to pay these fees.
Buildium
Features:
• Online rental payments
• Online maintenance and vendor payments
• Tenant screenings
• Rental applications
• 1099 eFiling
• Resident portal to communicate with other residents
• Online maintenance requests and tracking
• Renters Insurance requirements for tenants
• Professional website
• E-signature leases
Cost:
• $99 setup fee for ePay
• $0.50 per EFT or 2.75 percent per credit card transaction for rent payments
• Extra fees for tenant screenings and tax filing
• Estimate $100 per month for 100 properties