Property management software for tenant canada




















Comprehensive reports Get the most relevant data quickly and easily. Fast online requests Manage maintenance issues from anywhere. Get video and picture requests from tenants Connect with Service Pros Send messages Manage invoices View all features.

What are people saying about us? Capterra Dennis T. App Store Ziad A. Capterra Bekah G. Capterra Diego Y. Play Market Michael Q. App Store Oakweb. Play Market Christopher A. Facebook Brittany T. Facebook Sara B. Play Market Jason P. Twitter Leeza. Software Advice Stephanie. Rental property management software is a cloud service in most cases that allows landlords of small or large portfolios to manage their processes from lead generation to occupancy, payment, maintenance, insurance, and financial accounting and reporting.

The many software platforms tend to specialize in certain niche situations, such as small portfolios of single family homes, to large mixed commercial portfolios. Rental property management software is a suite of tools to help landlords attract leads to fill vacancies, screen tenants, and manage leases. There are typically communication features so that managers and tenants can discuss maintenance requests or send global announcements such as when snow removal is scheduled.

Last but not least, rental property management software has an accounting component to it as well. Beginning investors with small rental portfolios fewer than 10 units and large commercial property management firms can use rental property management software.

Different companies create software with specialized features that work best for certain categories of landlords, property types, and portfolio sizes.

These programs can be useful to a DIY investor, as well as to a team of users made up of owner, property manager, facility maintenance, and leasing agent, to name a few. Most programs charge the landlord team, but TurboTenant is a notable exception, pushing its costs onto the tenants.

With TurboTenant, and almost all other property management software companies, there are also optional features for both the landlord and the tenant to pay for and use. We reviewed 15 rental property management software companies to decide on the seven best for these common categories. Lower costs and minimum fee requirements fared better than more expensive programs. We also preferred programs that earned high ratings and testimonials for their ease of use and setup.

The software we recommended needed to have a good reputation for responsive customer service, integrations to expand and streamline the rental management process, and a comprehensive offering of features to accommodate efficient and affordable property management. Your Privacy Rights. To change or withdraw your consent choices for Investopedia. At any time, you can update your settings through the "EU Privacy" link at the bottom of any page.

These choices will be signaled globally to our partners and will not affect browsing data. We and our partners process data to: Actively scan device characteristics for identification. I Accept Show Purposes. Your Money. Personal Finance. Your Practice. Popular Courses. Best Rental Property Management Software. Final Verdict. Compare Providers. Best Overall : Buildium. Sign Up Now.

Pros Built by property managers for property managers Automatic rent collection through a tenant portal Online ticket support during business hours A lot of training materials offered. Tenant portal. Enables tenants to pay rent, make maintenance requests, and communicate with landlords at any time. This portal can also send alerts and notifications about upcoming rent dates or important messages from managers to residents.

Competitive advantages of using property management software Whether managing a single apartment complex or dozens of commercial facilities, property management software provides the functionality needed to handle daily tasks, letting a landlord focus on their business in other ways: Grow your business. Automation, such as built-in tenant screening to find the best residents or renters, allows a property manager to spend more time marketing properties and managing applicants.

Marketing tools give users the ability to post vacancies to various sites, such as Craigslist or Apartments. Offer increased convenience. With an online tenant portal, residents can pay rent any time of day, which adds convenience for them and makes rent collection easier for landlords. In addition, the portal opens a line of communication amongst tenants and office and maintenance staff, so everyone can be quickly notified about important announcements.

Gain financial oversight. Reporting and analytics tools help landlords gather financial, tenant, or marketing data to identify trends that could be harming their business or opportunities to make improvements. Business sizes using property management software A property manager has different requirements based on their portfolio size and type. Software offers functionality to help any type: Single and multi-family buyers. Perhaps the most common type of property management, these users enjoy a wide selection of systems that help manage apartments, condos or houses , including core functionalities of accounting and tenant tracking along with portals and vacancy marketing.

Niche-segment buyers. While most property management systems feature the same core functions, some focus on certain rental property segments: HOA management software offers additional features to track the meeting minutes, bylaws, and elections necessary to operate an association.

Affordable housing software includes functionality to manage funding programs, track compliance, and generate audit reports. Vacation rental property software focuses on online booking management and marketing features to give owners a wider reach for potential renters. Enterprise level buyers. Those who manage several properties across a commercial enterprise can opt for a system that shows an overview of their entire portfolio.

Additional software that property managers may need Modern property management software helps handle virtually any day-to-day task, but depending on your specific needs, you may want to integrate your tool with other systems: Marketing automation : A property manager with a large portfolio may need some extra help advertising rentals.

Marketing software can help manage email, social media, or text campaigns to reach a wide swath of prospective tenants. Property managers can even work directly with real estate agents to help fill vacant rentals. Maintenance management software : Residents deserve functional, clean properties, and property managers may need more robust work order systems to tackle the volume of daily maintenance requests.

Property management accounting software : Landlords can track rent payments, maintenance, and inventory costs, and create forecasts and budgets to gain an overview of financial health and maximize profits. Rental property management software : Property owners can automate recurring tasks such as rent collection and generating financial reports, and handle maintenance requests remotely to manage a portfolio of properties. Apartment management software : Includes core accounting and tenant and lease tracking functionality with additional online listing management tools, and a tenant portal to streamline rent collection.

Features guide A list of common property management features When comparing property management software, it's important to understand the functionality included in these tools. The most common functions of these systems are listed in the table below: Accounting Manage the general ledger, accounts payable, and rent payments. Most systems assist with bank reconciliation and generating financial reports. Building maintenance Submit and track work orders, either from employees or renters, and assign tasks to maintenance workers.

Tenant portal Allows tenants to pay rent and fees and submit maintenance requests, and opens a communication channel between residents and staff. Feature details and examples Accounting: Accounting features in a property management solution work much like financial accounting in other systems: They help keep numbers accurate and up to date, with a general ledger, forecasts, and dashboards offering a holistic view of expenses and profits.

Various types of reporting options in Rentec Direct Building maintenance: Maintenance management allows both residents and staff to submit, track, and assign work orders for any type of request, from structural issues to pest problems, through an online portal.

SimplifyEm Software 's maintenance tracking calendar Tenant portal: An online portal offers residents various ways to communicate with landlords or office staff, accessible at any time of the day.

A resident profile in the tenant portal from AppFolio The property management software features you really need Property management software is often flexible enough to match a property owner's specific needs and scale with their business growth.

However, there are some crucial applications for certain types or stages of property management: Small apartment complex or single-family homes Tenant and lease tracking: For rental property managers with a smaller portfolio, rent payments and lease documents can be centralized for quick retrieval of important information, such as which resident's rent is past due.

Multiple complexes, rentals, or an HOA Tenant portal: When property owners have several buildings or rentals to maintain, letting tenants contact them through an online portal helps them stay on top of emerging problems they may have missed otherwise. Enterprise business Corporate real estate professionals need more robust accounting and reporting tools to make strategic decisions in order to lower costs. Some may also consider facilities management software.

Pricing guide How property management software is priced and hosted Typically, property management software pricing is based on a few key factors: How many units do you manage? How many applications do you need? How do you want the system deployed? Hidden costs of property management software Property management software has a relatively simple pricing structure, but some solutions include costs that a landlord might not anticipate.

In addition to the monthly fee per unit, consider these other common costs: Add-on modules that may not be automatically included in the plan a landlord chooses Implementation services or fees for the vendor to help set up the software for success Training options to help a property owner's team use the system effectively Access to an API to further customize the software to meet a landlord's needs FAQs What are the key functions of property management software?

As mentioned above, property management software offers several benefits: Tenant and lease tracking: Manage tenant contact information, manage tenant screening, lease details, and important notifications to avoid late payments or move-out dates. Maintenance management: Submit, assign, and track work requests from staff or residents, and close out work orders to ensure important tasks are completed in a timely manner. Accounting: Track all your financial records, from rent payments to expenses, and generate reports to get an overview of operations.

Tenant portal: Open an online communication channel among landlords, staff, and residents, where users can make work requests or post to a message board. It often includes a rent manager where tenants can make a rent payment.

What questions should I ask vendors when evaluating property management products? These include: What parts of the software do users most frequently report problems with?

What are the additional required costs for the software? Can you customize the system to meet my specific needs? How can property management software help me with marketing? Can property management software help me find high-quality tenants? Frustrated with what the market had to offer, they decided to take matters into their own hands and create a software that truly catered to their specific needs.

That software was perfected over years of tireless work, until it eventually became Building Stack as we know it today. At Building Stack, we know the challenges Canadian property managers face every day, and we offer easy, intuitive solutions. Wherever you are in Canada, our team of experts will be happy to present you a personalized demo of Building Stack, and answer all your questions about our platform.

Privacy policy. Terms of Service. Canadian Property Management Software. Take your property portfolio to new heights with Building Stack. Book a demo. Full Stack. Learn more. Core Platform Plan. Online payments Tenants can securely pay their rent online with their choice of credit card, debit card or funds transfer from any Canadian bank, directly from our tenant portal. Communication Plan.



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