The 7 Best Property Management Software for Small Landlords in 2024

Looking for the best property management software as a small landlord? We’ve reviewed 7 of the best apps on the market to help you choose!

FAQs
What is property management software?

Property management software is an application designed to help property managers and landlords organize and streamline the management of rental properties. The key features of property management software include:

Accounting Features:

  • Electronic funds transfer
  • Tax filing
  • Bank reconciliation
  • Tracking payables and receivables

Operations Features:

  • Professional website for listing properties
  • Owner portal for accessing property data
  • Document storage and sharing with owners/tenants
  • User accounts for remote access
  • Management and Leasing Features:
  • Rental applications
  • Property marketing and listing syndication
  • Electronic signatures
  • Tenant screening

Property management software also offers the added benefits of being cloud-based, allowing access from anywhere and ensuring data security. The best software for a landlord or property manager depends on the specific features needed, pricing, and quality of customer support.

What are ideal property management software features for small landlords?

Here are some of the most important features to look for in property management software for small landlords:

Tenant Screening

  • Ability to run background and credit checks on prospective tenants
  • Collect rental applications and fees online

Online Rent Collection

  • Allow tenants to pay rent online or via mobile app
  • Set up automatic payments, late fees, and rent reminders
  • Automatically deliver rent receipts

Maintenance Management

  • Tenants can submit maintenance requests through the software
  • Organize all requests, photos, and contacts in one place
  • Access a network of vetted contractors to complete jobs

Lease Management

  • Generate state-specific leases and collect e-signatures
  • Track important lease dates

Accounting and Reporting

  • Income and expense tracking
  • Customized financial reports
  • Tax-ready statements

Other Key Features

  • Centralized dashboard to manage all properties
  • Secure document storage for leases, applications, records
  • Responsive customer support and online training
  • Affordability for small portfolios

The best property management software for small landlords streamlines administrative tasks, improves tenant communication, and provides valuable financial insights – all from a single, user-friendly platform. Look for a solution that offers the core features you need at a price point that fits your budget.

What’s the best free property management software for small landlords?

Here are some of the best free property management software options for small landlords in 2024:

  • TurboTenant

TurboTenant offers a robust free plan with no limit on the number of units. Key features include online rent payments, tenant screening, maintenance request tracking, and automatic property listings. The free plan provides excellent value, though additional features like state-specific leases require an upgrade to the paid Premium plan.

  • Avail

Avail has a free plan with unlimited units. The free version includes online rent payments, maintenance request management, tenant screening, and automatic listings. To unlock more advanced features, the paid plans start at $7 per unit per month. Avail has an easy-to-use interface but lacks comprehensive tutorials and knowledge resources.

  • Landlordy

For a simple, mobile-friendly solution, Landlordy is a good option. The free version is limited to one rental unit and one tenant lease, with restrictions on expense/payment records. The premium versions start at $14.99 per month for up to 2 units. Landlordy is a basic app ideal for landlords managing their first property.

  • Innago

Innago offers a free plan for personal, freelance, and startup landlords with 1-2 units. The free version includes online rent payments, maintenance requests, and tenant screening. Paid plans start at $1 per unit per month. Innago has a user-friendly interface and offers a good balance of essential features for small landlords.

While these free property management software options provide valuable tools to streamline operations, they may have limitations compared to paid alternatives. As your rental business grows, paid plans can accommodate more units and offer additional features like advanced financial reporting and dedicated customer support. However, these free solutions are an excellent starting point for small landlords looking to leverage technology to manage their properties more efficiently.

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