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Once you build up a sizable property portfolio, taking care of your finances can feel like spinning plates. As a landlord, you must manage expenses, create financial reports, and collect rent. Without the right accounting solutions, this process is difficult and time-consuming.
Thankfully, you can minimize your workload with property management accounting software. With the right software, accurate accounting is a breeze. However, there are many property finance tools to choose from.
Read on to discover the best software to streamline your workflow and ease your stress.
1: Buildium
Buildium is an all-in-one solution designed to help landlords and property managers work efficiently.
Features
- Bank account integration
- 1099 e-Filing for tax purposes
- Online rent payment
- Electronic leases with e-signature support
Pros
- All-in-One Solution
- Useful Tenant Management Tools
- Powerful maintenance management
Cons
- Frustrating user interface
- Limited features in low-tier plans
- Expensive higher-tier plans
2: AppFolio
AppFolio is a versatile property management software for both small and large portfolios.
Best Features:
- Maintenance request management
- Work order automation
- Real-time reporting and performance analytics
- Automated late fees and tenant screening with AI integration
Pros:
- Strong automation features
- Scalable pricing
- Excellent customer support
Cons:
- Costly for small property management companies
- Complex setup process for advanced features
- Limited customization options in lower-tier plans
3: Propertyware
Propertyware is a cloud-based app designed for single-family property managers.
Best Features:
- Robust accounting tools
- Customizable reports
- QuickBooks integration
- Tenant screening
- Work order tracking
Pros:
- High level of customization
- Ideal for single-family property management
- Integration capabilities
Cons:
- User interface can be difficult to navigate
- High price for small property portfolios
- Essential features require higher-tier plans
4: TenantCloud
TenantCloud is affordable property management accounting software intended for small-scale operations.
Best Features:
- Online rent collection and lease management
- Tax reporting and QuickBooks synchronization
- Customizable website and rental listing management
- Tenant screening with background checks
Pros:
- Cost-effective option with essential tools
- Intuitive interface
- Suitable for small-scale property managers
Cons:
- Limited scalability
- Lack of advanced features compared to competitors
- Potentially unsuitable for landlords with complex needs
5: Yardi Breeze
Yardi Breeze is user-friendly property software designed for landlords and managers with small to mid-sized property portfolios.
Best Features:
- Lease management and online payment processing
- Real-time financial reporting and analytics
- Mobile access with a responsive interface
- Integrated maintenance request tracking
Pros:
- Easy to use with a user-friendly interface
- Flexible pricing options
- Mobile-friendly with real-time data access
Cons:
- Few advanced features in low-tier plans
- May not be viable for managing large-scale portfolios
- Basic customer support at lower pricing levels
Choosing the Right Property Management Accounting Software
Property management doesn't have to be overwhelming. The right rental management tools can streamline your operations and manage your portfolio with confidence. The best property management accounting software depends on your needs.
For comprehensive features, consider Buildium or AppFolio. For high customization and single-family focus, try Propertyware. For affordable and straightforward options, TenantCloud or Yardi Breeze might work for you.
Can't decide? Partner with a property manager. At Mavi Unlimited, we can help you find the right tools and maximize your rental's potential. Contact us today, and let's discuss your property management needs.