Imagine keeping records of your leased properties or assets manually, that is very unprofessional. Keeping records of important data or information about leased properties or equipment with their legal and financial reports can be a very terrifying and frustrating task. Mistakes are bound to occur if care is not taken, this can the lead firm into bankruptcy. It is very important to keep records of leased properties to avoid disputes.

Lease Management Software is a tool that helps companies and businesses to keep records of relevant legal and financial information or reports about their leased properties such as estate buildings or equipment in a centralized location. In this article, are a few Lease Management software’s that best suit your business.

Top 6 Lease Management Software

  1. Buildium: Best lease management software for any business scale.
  2. OnCite: Best lease management software for midsized and large property managers
  3. Soft4leasing: Best lease management software for Administration/Monitoring
  4. QuickFMS: Best lease management for large business scale.
  5. iLeasePro: Best lease management software for real Estate Management and accounting solutions
  6. Visual Lease: Best lease management software for Activity Tracking
  7. Rent Manager: Best lease management software for small property management

1. Buildium: Best lease management software for any business scale.

Pricing:50$ per month

OVERVIEW:

Buildium is one of the major software tools used for lease management and it enables users (Companies or landlords) to manage, track and secure their leased properties. It enables users to monitor and track their leased properties using the tenant and lease tracking or streamliner feature. Users can also receive online payment from tenants or clients via the Buildium payment portal, the software also supports multiple implementation options like SaaS, Android, iPhone, etc.

KEY FEATURES

  • Accounting Integration
  • Tracking and reminders
  • Application management
  • Audit trails
  • Buildiums intuitive dashboard
  • ACH Payment portal

REASONS TO USE

  • It is very secure and easy to use
  • 24-hour customer chat
  • It has a high rate of effectiveness
  • Free trials
  • Alert and notification are made easy

REASONS TO AVOID

  • It is majorly dedicated to property management, therefore cannot be multitasked
  • It’s is slow due to high features
  • Free version is not available

2.OnCite: Best lease management software for midsized and large property managers

Pricing: Approximately $100 per month to unlock all features

OnCite lease(property) is a cloud-based software that has features that enables it to be very fast and easy to use, all basic installations and upgrades are done automatically. The software features also enable users to set and send reminders to tenants, make online payments, make reports, and track and monitor properties. It uses a Rent roll format which makes it easy to generate more income through marketing and also makes it easy to use.

KEY FEATURES

  • Online OnCite payment portal
  • Rent roll format
  • Marketing
  • Expense tracking and marketing
  • Storage

REASONS TO USE

  • It is very easy to use and set up
  • Multi-user access
  • It is a perfect tool for tracking and monitoring
  • Support is available via emails and other sources
  • OnCite supports cloud-based implementation options

REASONS TO AVOID

  • The paid plan is expensive
  • Free trial is not available
  • Free version is not available

3.Soft4leasing: Best lease management software for Administration/Monitoring

Pricing:Pricing is determined by the Business size

OVERVIEW:

Soft4leasing is a one in all solution for reducing the complexities involved in managing leased properties. Soft4leasing has an intuitive interface that enables users to easily monitor and oversee their leased properties. This software is designed to perform complex activities such as statement creation, installations, and upgrades, marketing, creating applications and reminders etc.

KEY FEATURES

  • Automation
  • Marketing dashboard and reports
  • Intuitive Dashboard
  • Cloud-based Storage
  • Email statement/ Reminder
  • Applicant Management

REASON TO USE

  • It is very secure.
  • Free trial available
  • Good administrator
  • It is automated

REASONS TO AVOID

  • No free version
  • Upgrading or updating document is very slow
  • pre customer support is poor

4. QuickFMS: Best lease management for large business scale.

Pricing: $999 per month

OVERVIEW:

QuickFMS lease management software uses a well-advanced and equipped AI technology that enables companies to monitor and track their leased properties. QuickFMS lease management software helps business owners to store every necessary document, track leased properties, save and set remainders, set termination remainders etc.

KEY FEATURES

  • Document storage
  • Document management
  • Real-times and notifications
  • Barcode scanner

REASONS TO USE

  • It’s is highly effective
  • Android versions are available, hence making it very easy to use by small-sized sized business
  • Free trial is available

REASONS TO AVOID

  • Paid plan is expensive
  • Free version is not available
  • Runs slow on Android phones
  • Customer service can be hard to reach

5. iLeasePro: Best lease management software for real Estate Management and Accounting solution

Pricing: 50 USD per month

OVERVIEW:

ILeaesePro is a cloud-based management software for real estate management. It offers a robust lease management analysis that is targeted to reduce costs or capital and also increase business intelligence. iLeasePro can be on either a spreadsheet or in an application, it allows companies or businesses to switch or migrate from a single-threaded process to another.

KEY FEATURES

  • Account management and accounting
  • Intuitive dashboard
  • Applicant Management
  • Cloud storage
  • Reports

REASONS TO USE

  • ILeasePro tracks and reports every activity very fast
  • It is very easy to set-up
  • It electronically stores leased properties and insurance certificate
  • iLeasePro makes calculation and lease payment very easy

REASONS TO AVOID

  • It is difficult to audit and review leased assets
  • It is not scalable
  • Customer post-implementation support is poor
  • No free trial

6. Visual Lease: Best lease management software for Activity Tracking

Pricing:It is provided by Vendors

OVERVIEW:

A Visual lease is a software that makes lease management very simple, Visual lease management software provides a SaaS platform that tends to reduce the complexities in managing leased assets and also helps to manage the legal and financial information regarding the assets. Visual lease helps users to stay on top of the key dates by setting reminders for expiring dates, payments due, etc.

KEY FEAUTURES

  • Activity tracking
  • Real-time alerts and notification
  • Accounting and Management
  • Account Integration

REASONS TO USE

  • Customer support is awesome
  • All documents, excel files and other legal or financial documents can be stored.
  • Best for activity tracking

REASONS TO AVOID

  • It is versatile
  • Some inaccuracies may occur during mapping
  • It is difficult to learn or set-up

7. Rent Manager: Best lease management software for small property management

Pricing:The Lowest price is 89 USD per month

OVERVIEW:

Rent Manager Is a lease management software specifically designed to manage residential and short time stage portfolio of any size. The features enable users to run marketing integration, maintenance management and scheduling. It is fully integrated to manage all types of properties. Rent Manager is supported by web, iPhone and Android platforms.

KEY FEATURES

  • Activity Dashboard
  • Activity Tracking
  • Alerts and notifications
  • Accounting and ACH payment processing
  • Reporting and statistics

REASONS TO BUY

  • It is easy to use and set up
  • Customer support is good
  • Free trial is available
  • Activity recording is made easy

REASONS TO AVOID

  • The Features are limited depending on the price
  • The network service is slow
  • The price determines the effectiveness

Lease management software can also be called Lease Administrator software. This software performs the works of an administrator, it also streamlines your leased management operations and ensures a smooth flow of services. Lease management software makes leasing processes very easy and helps you achieve your goals as a company. A good lease management software is also a proof of professionalism in business., therefore it is very urgent to get one today.

Reference and Links

  • https://softwareconnect.com/lease-accounting/ileasepro/
  • https://soft4leasing.com/leasing-software/
  • https://www.softwareadvice.com/property/lease-management-comparison/
  • https://softwareconnect.com/lease-management/
  • https://www.quickfms.com/blog/lease-management-software-features
  • https://www.softwareadvice.com/property/buildium-property-manager-profile/
  • https://blog.ileasepro.com/