Software for Rental Properties

Rental property software can streamline the financial and labor tasks for landlords.

Rental property software assists landlords and rental companies by streamlining their properties and tenant information. Software versions range for small rental properties to large apartment complexes.

Rent Payment Tracking

Rental property software can track who has and hasn't paid rent for the current month. The layout of this information can vary from product to product, but this feature usually works by adding tenants' information upon signing of a lease agreement and placing their payment information within the program as you receive it.

Financial Analysis

Rental property software calculates and provides analysis reports regarding financial matters. Such reports may include rate-of-return, debt-coverage ratio, net operating income, cash-on-cash return as well as tax return forms.

Management

This type of software can help organize the number of tenants you currently have, their contact information, payment history and notes regarding each tenant. Property rental software can also streamline work orders for repairs and maintenance for your properties.

Cost

The price of a rental property software suite will vary according to the configuration of the software. As of 2010, rental property software can range from $100 for the Landlords Cash Flow Analyzer Pro by Real Estate Investment Software to $149 for the Rental Property Manager 2010 Version by Quicken.

References

• Quicken: Rental Property Manager 2010 Version
• Real Estate Investment Software: Landlord's Cash Flow Analyzer
• SpiritWorks Software, Inc.: Rental Property TrackerPlus