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Different accounting software can boast about their latest and greatest updates, easiest user interfaces and extra add-ons to make your life and business as a landlord or property manager run smoothly. If you’re using the wrong one for your needs, however, you won’t use those assets to their full potential. We’ve compiled a list of the top 8 best accounting softwares for landlords and/or property managers below and highlighted what sets them apart.

Upfront Conclusion

The best accounting software for landlords right now is Appfolio and DoorLoop.

Top 8 Best Accounting Softwar for Landlords

  1. Appfolio – Best Overall accounting software for property managers with 50+ properties
  2. DoorLoop – Best Overall accounting software for those with intermediate experience
  3. RenTec Direct – Best accounting software for the budding entrepreneur
  4. Buildium – Best accounting software for those looking to scale quickly
  5. Stessa – Best accounting software for residential landlords and value
  6. RentManager – Best accounting software for customizable solutions
  7. Propertyware – Best accounting software for detailed data
  8. RentRedi – Best accounting software for owner and tenant access

1. Appfolio – Best overall accounting software for property managers with 50+ properties

Best Accounting Softwares for Landlords

PRICING: $1.40/unit per month with a minimum of 50 units. $280/month minimum applies, subscription based

AppFolio’s intuitive and user-friendly experience gives your property management team the tools they need to focus on communicating and growing relationships with owners and tenants. Whether you manage multi-family complexes, single-family homes, or community associations, this software has the ability to help you effectively and efficiently grow your business.

KEY FEATURES

  • Communications & Service
  • Accounting & Reporting
  • Maintenance & Efficiency

REASONS TO BUY

  • Created and catered to property managers and their needs
  • Easy to use for multiple team members doing data reporting
  • Customizable workflow included in software
  • Maintenance scheduling
  • Regular feature updates and additions

REASON TO AVOID

  • Must have a minimum of 50 properties to sign-up
  • Highly automated system
  • API and accounting integration not supported
  • Member communication is limited
  • Customer service times vary
  • Features for commercial property owners are limited

2. DoorLoop – Best overall accounting software for those with intermediate experience

Best Accounting Softwares for Landlords

PRICING: $49/month for your first 20 units, subscription based

An all-in-one type of accounting software that is fully customizable. No need to use multiple programs to manage your properties anymore. DoorLoop is for everyone; meaning if you’re renting out one property or thousands, they have a solution for you.

KEY FEATURES

  • Unlimited free training and support
  • Easy to use for everyone
  • Ability to create your account and get started in a few steps

REASONS TO BUY

  • Easy to integrate your data from another program you currently use
  • Great support and response times from customer service
  • Software is user-friendly and easy to navigate
  • Maintenance scheduling
  • Alerts are included for rent due, renewals and more
  • CRM and calendar management included

REASONS TO AVOID

  • Desktop site navigation is not user-friendly from outside, you need to sign-up for more detailed information on the software and process
  • Screening tenants isn’t free with purchase of the software
  • Requirement to see a demo before purchasing
  • API and audit management not supported
  • Expense tracking and inspection management not included
  • Integration with other programs and software is rated very limited

3. RenTec Direct – Best accounting software for the budding entrepreneur

Best Accounting Softwares for Landlords

PRICING: $35/month for up to 10 units, subscription based

RenTec Direct is a software specifically for landlords of any size and their needs, there is a separate site for property managers that has tools and features to meet their separate needs with a comparison of the two on their site. RenTec Direct has a robust offering of extra features included to help manage your units.

KEY FEATURES

  • Accounting
  • Business Operations
  • Leasing & Management

REASONS TO BUY

  • Excellent customer service
  • User-friendly software
  • Free website and domain name included
  • Integration with other software and programs is rated high

REASONS TO AVOID

  • Report details are limited
  • Software’s ability to integrate well with a pre-existing website is limited
  • Activity tracking not included
  • No CRM, calendar or fee management
  • Not best suited for HOA
  • No maintenance scheduling

4. Buildium – Best accounting software for those looking to scale quickly

Best Accounting Softwares for Landlords

PRICING: $50/month, subscription based

Buildium is a cloud-based property management software that allows landlords and property managers alike to customize aspects of their business, such as rent, vacancy, and maintenance cycles

KEY FEATURES

  • Accounting
  • Business Operations
  • Leasing
  • Community Association Management

REASONS TO BUY

  • Industry-leading security for data
  • Accounting integration and task management included
  • Member directory, communication and database supported
  • Reporting and Analytics are detailed

REASONS TO AVOID

  • API not supported
  • Website integration is limited
  • Retail leases not included
  • Invoice management not included
  • Little to no customizable options
  • No credit card processing included
  • No CRM or calendar management

5. Stessa – Best accounting software for residential landlords and value

Best Accounting Softwares for Landlords

PRICING: Free, no subscription required

Stessa is a web-based, free, accounting software built for small to medium sized businesses. You can expect to manage your portfolio in its entirety with features like expense and income tracking, tax help, reporting dashboards, secure data handling and more.

KEY FEATURES

  • Track rental performance
  • Automate income and expense tracking
  • 100% free to use

REASONS TO BUY

  • Lease tracking included
  • Excellent customer service
  • Easy to use no matter your experience level

REASONS TO AVOID

  • Single-entry accounting system
  • Online payments not supported
  • Little to no customizable options
  • Not a good fit for commercial property management

6. RentManager – Best accounting software for customizable solutions

Best Accounting Softwares for Landlords

PRICING: Not listed online, must request more information, subscription based

RentManager has solutions for every level of business owner, from a few rental properties to multiple commercial spaces. Extreme customization is RentManager’s standout, along with their incredibly detailed reporting and ease of integration.

KEY FEATURES

  • Accounting
  • Business Operations
  • Reporting
  • Maintenance
  • Marketing & Leasing
  • Customizable Software

REASONS TO BUY

  • Asset lifecycle management supported
  • Expense tracking and detailed Financial reporting
  • 450 detailed reporting options
  • Simple maintenance order management and scheduling

REASONS TO AVOID

  • Must view a free demo
  • Pricing information not readily available online
  • Customer service response times vary
  • Extremely in-depth and data forward software, could be considered difficult to use for the average person. Does take time to get used to.

7. Propertyware – Best accounting software for detailed data

Best Accounting Softwares for Landlords

PRICING: $250/month, subscription based

Propertyware is a cloud-based accounting software that helps small business to medium sized business owners focus on marketing their properties online. API is also included with this software as well as easy to understand accounting and reports.

KEY FEATURES

  • Online Leasing
  • Property Management
  • Maintenance
  • Accounting
  • Operations & Risk Management

REASONS TO BUY

  • Industry-leading customizable options
  • Open API
  • Integration is rated very high
  • Excellent data protection

REASONS TO AVOID

  • Expense tracking not included
  • Financial reporting minimal to none
  • Not as user-friendly as other software
  • Once information is entered, editing can be difficult

8. RentRedi – Best accounting software for owner and tenant access

Best Accounting Softwares for Landlords

PRICING: $19.95/ month, subscription based

RentRedi is the software go-to for property managers, landlords and tenants alike. Tenants have the ability to submit, update and track maintenance requests. RentRedi has highly rated program integration and is user-friendly for all business sizes.

KEY FEATURES

  • Rental property accounting
  • Tenant screening
  • Maintenance coordination
  • Mobile and cash rent payment options
  • Tenant app
  • Renters insurance

REASONS TO BUY

  • Easy to read reporting
  • Simple software, user-friendly
  • Automate with available templates

REASONS TO AVOID

  • API not supported
  • Not ideal for commercial properties
  • Data importing and exporting is limited
  • Accounting system is user-run and not automated as much as other software

References and Links

  • https://www.investopedia.com/best-accounting-software-for-rental-properties-5090031
  • https://www.doorloop.com/blog/best-rental-property-accounting-software
  • https://www.appfolio.com/
  • https://www.doorloop.com/lp/property-management-software
  • https://www.propertyware.com/
  • https://rentredi.com
  • https://learn.buildium.com/
  • https://www.rentecdirect.com/
  • https://www.rentmanager.com/
  • https://www.stessa.com/
  • https://www.getapp.com/real-estate-property-software