As a Tulsa property investor, you need your business to be managed well — the right tools are essential in doing so. If you are planning to manage your rental properties while handling multiple single-family rental homes, as well, property management software will help you organize your system and 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. Many users of the software share the same opinion 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. Significant features include an Owner Portal, the option 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. Designed mainly for professional property managers, this software can 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 positive results clients noticed were that the software is easy to set up and use, as well as does a nice 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 may consider 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, on the other hand, is a relatively basic property management solution. Business owners especially take advantage of the service contract and warranty management component of the software, which can help you stay on top of property maintenance and inspections. One more useful detail is the service request tool, which allows not only the property manager but 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.
Apart from the software programs previously discussed, you can opt for 200 other property management software programs available for your review online. Nevertheless, a lot of these programs are for medium-to-large property management businesses or corporate property management and are not good options for individual rental property investors.
An easy option to spare yourself the daunting task of choosing the right property management software is to hire Real Property Management Tulsa. Our proprietary software allows us to give our property owners the chance to step back and enjoy the convenience of letting us do the work for them. Contact us online or call us at 918-532-7020 to learn more.
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