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Property Management Software: What Should You Be Using?

Spokane Property Manager Reviewing Their Software OptionsAs a Spokane 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. As evidenced by the response of the software’s users, 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. Notable features include an Owner Portal, the capability 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. Developed for professional property managers, this software includes the feature 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 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 can be pricey 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, in contrast, is a relatively basic property management solution. Clients especially fancy the service contract and warranty management component of the software, which can help you stay on top of property maintenance and inspections. A significantly useful instrument 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. You might, however, need to reach out to the company if you want to get an idea of how much to expect to pay for a subscription since their pricing is not readily available.

Aside from the software programs indicated here, there are 200 other property management software programs available for you to check out. 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.

If you want to spare yourself some of the stress that comes with choosing the right property management software, then hire Real Property Management Spokane County to do it for you! 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 509-462-1042 to learn more.

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