Best free property management software guide, Managing rental properties tips, Landlord productivity advice
Best Free Property Management Software
18 Mar 2021
Rental property management software can help a great deal whether you’re making property renovations, easily renting apartments in Financial District NYC and other states or running tenant background checks. These programs are tailor-made based on the needs of landlords and property managers and provide much needed assistance with completing many day-to-day duties. The best part is a lot of the property management software is free.
Key Features of a Property Management Software
Operating and managing rental properties takes a lot of effort and demands a lot of time. Property management software is extremely helpful in maintaining the landlord or property manager’s productivity so they can, in turn, keep their tenants happy. Most property management software programs offer the following:
- User-friendly interface
- Front desk management
- One-window operation
- Calendar with scheduling options
- Online booking
- Online billing and payments
- Tenant management database
- Feedback accumulation
- Tenant feedback capabilities
- Tenant screening capabilities
- Shared inventory
Free Rental Property Management Software
This property management software is the best for independent landlords and property managers. Cozy offers services such as advertising vacancies, tenant screening services, tenant applications, and everything in between. The best feature of Cozy is that it enables landlords to accept online rent payments.
Cozy also allows users to list property, browse listings and communicate with each other through its interface. It also allows the user to provide e-signatures on various property documents.
One drawback of this software is that it does not have a maintenance report manager feature which would allow maintenance calls to be processed directly from the software program.
Entrata is a great, customizable rental property management software. All the user needs to do is login into Entrata’s Platform as a Service (PaaS) page and select options from a vast array of tools like resident management, lease agreements, maintenance report manager and online payments. The desired services can be selected and combined into one to develop your customized property management software.
ResMan is a rental property management software with multiple options for all sorts of properties. The basic functions that a landlord may need, like online leasing, budgeting and communication, are available for free.
However, a subscription is necessary to gain access to more sophisticated tools such as debt collection, payment processing, or internet listings for vacancies. You can try out the available features through a free demo.
- Rentec Direct
Rentec Direct is a popular property management software that offers tenant screening, online rental applications, financial records, online payments, and customized reports. Services are available on three levels: basic, pro, and premium. A user can use the software to manage up to 10 units for free. A subscription is required to manage additional units.
- TenantCloud Property Management
If you are interested in using free rental property management software, TenantCloud is perfect. Property managers can manage up to 75 units for free; additional units can be managed for a monthly service fee. TenantCloud is a very useful software that offers almost everything that a property manager might need from applicant screening to maintenance requests.
Innago is ideal for landlords who manage properties without the help of more than two employees, marketing team or IT department. The program is designed through consultation with the end-user to make it a simple, accessible, and affordable rental property management software. Most of the software’s features make it a more expensive option.
- Singu FM
Singu FM is another cloud-based software that offers multiple modules to choose from for optimal customization. It is designed with sophisticated tools and a lot of sensors that keep commercial and industrial real estate in mind. The interface is very stylish and user-friendly.
- Online Rental Property Manager
Online Rental Property Manager is a free rental property management software that is accessible from any location. It offers every basic feature an independent landlord or a property manager may require: the ability to list property, screen rental applications, sign leases, and address tenants’ questions. Since it is open software, users can tailor it to their specific requirements.
- Rent Manager
Rent Manager is not entirely free but does not quote a flat price. Instead, they offer a free demo and clients may customize the available features. They can then request a quote before making any financial commitments.
This software offers the maximum number of customizable options to build your perfect property management system based on your type of property and number of units.
The Bottom Line
Digitalization is quickly taking over every sphere of life, and real estate is no exception. Incorporating automated processes in a real estate business can make life easier for everyone involved by saving time and energy.
Using free rental property management software is good if you are new to the real estate business and are managing fewer units. Otherwise, paying for a subscription can unlock additional interesting features that can make the software worth every penny.
Comments on this Guide to Best Free Property Management Software article are welcome.
Residential property finance
New construction appraisal property finance
What is property development finance
Residential Architecture Articles
Pier 40 Hudson River Apartments, New York City, NY, USA
images courtesy of architects
Pier 40 Hudson River Apartments
Casa Celina, The Justice Sonia Sotomayor Houses, Soundview, The Bronx, NYC, USA
Architect: Magnusson Architecture + Planning
render courtesy of Magnusson Architecture + Planning
Affordable Senior Housing in The Bronx
Comments / photos for the Best Free Property Management Software advice – Financial District NYC rental apartments page welcome