Top 9 Rental Management Solutions to Consider in 2022

May 3, 2022

Last year TenantCloud outlined the top seven property management software systems for those who were planning to move their rental business online. As it’s still a popular inquiry among both the beginner landlords and experienced property managers, we’ve updated the article and added a few more online rental solutions to help you find the one that best suits your business model.

Property management software overview

  1. Buildium 

General overview

Buildium is a cloud-based software solution focusing basically on landlords of residential and commercial properties. Buildium allows you to manage up to 5,000 units, but if you have a larger portfolio or manage community associations, you can reach out for a custom quote.  

Overall, Buildium provides advanced accounting, maintenance management, online payments, tenant screening, and much more. 

Cost

The software offers three customizable plans with a range of features. The Essential plan starts at $50/mo with basic features included (such as accounting, maintenance, tasks, online portals, etc.), but you could upgrade and get additional tools within either the Growth (starting at $160/mo) or Premium (starting at $460/mo) plans. 

Free trial

You’re welcome to sign up for a free 14-day trial to see if the functionality gives your business the boost it needs. 

  1. TurboTenant 

General overview

TurboTenant is a free all-in-one rental management software system that is perfect for landlords and property managers managing between 1-100 units. The service provides online rental applications, screening services, lease management, payment processing, and more. 

Cost

Though it is indeed a free service, there are additional paid services available. One example is the Landlords Forms Pack which can be purchased for $99 allowing you to have better documentation at your fingertips.

Free trial

Yes, TurboTenant has a free trial.

  1. TenantCloud

General overview

TenantCloud is a free property management software system ideal for both landlords and tenants. Due to its robust functionality, TenantCloud automates the rental management processes and provides the service features needed to effectively manage rental properties. TenantCloud features include online rent collection, maintenance requests management, tenant screening services, access to a fully customizable marketing website, bidding functionality for service professionals, and more.

Cost

The service offers four plans: Free, Starter ($15/mo), Growth ($50/mo), Business (Custom Pricing). Also, you can save 20% by paying annually. 

Free trial

Yes, TenantCloud has a free trial

  1. Appfolio 

General overview

Appfolio is a cloud-based property management software designed mostly for property managers and property management companies. The service is perfect for managers who deal with mixed portfolios, as it allows management of residential, commercial, student housing, and community associations all in one convenient place. 

Main features include digital payments, work order management, online lease and applications, and online training programs.

Cost

The minimum monthly fee for residential portfolios is $280, which means you would need a minimum of 50 units. The minimum monthly fee for larger residential portfolios and mixed portfolios is $1,500

Free trial

Yes, Appfolio does offer a free trial.

  1. Propertyware

General overview

Propertyware is an online property management tool focusing mostly on single family home portfolios with 250+ homes. The basic features include accounting, online rent collection, global customization and reports, and screening services.

Cost

Starting from $1 per unit ( $250 monthly minimum plus an initiation fee of 2x the monthly subscription price), Propertyware also offers two more plans: Plus ($1.50 per unit) and Premium ($2 per unit) with a minimum $350/mo and $450/mo plus an initiation fee of 2x the monthly subscription price, respectively. 

Free trial

No, Propertyware unfortunately does not offer a free trial. 

  1. Rentec Direct

General overview

Rentec Direct is an online rental management system suitable for landlords with smaller portfolios as well as various types of self-managing homeowners. 

Rentec Direct features include online rent collection, tenant screening, full accounting, reporting system, and online applications.

Cost

Rentec Direct software offers two plans- Rentec Pro (starting at $35/mo) and Rentec PM  (starting at $40/mo). Pricing will vary depending on the number of units. (You can get a price quote by entering the number of units you manage) 

Free trial

Yes, a free trial is available with Rentec Direct. 

  1. Yardi Breeze

General overview

Yardi Breeze is an online property management tool built for small to mid-size portfolios. Yardi Breeze mainly focuses on residential, commercial, and multi purpose properties. 

Online payment processing, tenant screening, data import, maintenance requests management are among features included within its system. 

Cost

Pricing can be viewed by property type. It starts at $1/mo per unit with the minimum monthly spend of $100 for residential landlords and $200 for commercial portfolios. Breeze Premier is a higher tier plan available for all property types. For more pricing info, you can contact customer service directly. 

Free trial

Unfortunately, Yardi Breeze does not offer a free trial. 

8. DoorLoop

General overview

DoorLoop is a service most suitable for property managers, owners, landlords, and property management companies. The DoorLoop features include accounting, commercial property management, late fee calculation, contact management, amongst  many others. 

Cost

Depending on the number of units managed, the software provides three plans- Starter (starting at $29.50/mo) with a maximum of 160 units, Pro (starting at $49.50/mo), and Premium (starting at $69.50/mo).

Free trial

Yes, DoorLoop offers a free trial.

9. Landlord Studio

General overview

Landlord Studio is a property management solution for landlords that simplifies rental management. Among all the standard features like accounting and tenant screening, Landlord Studio offers online rent collection with the transaction fees based on the plan selected: $2.25/ $1.75 / $1.25 per transaction. 

Cost

Depending on the number of units managed, the software provides three plans- Start (from $5.99/mo), Growth (from $14.99/mo), and Scale (from $29.99/mo).

Free trial

Yes, Landlord Studio does have a free trial.

The Bottom Line 

Using a property management software system provides automation which would optimize daily tasks as well as keep your rental business running smoothly. One of the most important things to consider when choosing the right rental management tools is the type of portfolio the service is best suited for. Additionally, it is always a good idea to give the system’s functionality a test run through a free trial prior to signing up for the paid version.

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