Landlord Studio is a property management software designed for small portfolios and DIY landlords.
While limited in its feature set, it offers an affordable low-price plan along with high ease-of-use, making it a decent starting point for those new to property management software.
It doesn’t have some of the more powerful functionality of other property management tools, however, so you’ll have to decide if missing out on those features is worth saving a few dollars.
Landlord Studio features
So, what kind of features can you get with Landlord Studio?
While their feature set is smaller than the average property management software, it does still have more features than your average low-cost or “free” plan software.
Here are some of the major features that Landlord Studio offers:
- Online rent payments
- Expense tracking
- Other basic accounting features such as document storage
- Application management
- Tenant screening
- Basic maintenance management
- Desktop and mobile app versions
Notably, certain powerful features such as tenant communications tools are missing from that list.
So, you’ll need to make sure to do your research to know what you’re giving up first if you’re considering Landlord Studio vs. another option.
Let’s jump into pricing now.
More than anything, it is Landlord Studio’s pricing model that attracts landlords with small portfolios or who are just starting out and may be on a strict budget.
They use a basic per unit, per month pricing model with a low $1 per unit per month, compared to the industry average.
Bill annually, the price is just $5.99 per month, though that only covers your first unit:
Their premium Scale plan comes in at $29.99 per month when billed annually, though comes with only a few additional bells and whistles such as advanced reporting and a dedicated account manager.
Pros and cons
Now, let’s dive a little further and talk about the overarching pros and cons of Landlord Studio to help paint a more complete picture.
Here are the major pros and cons of using Landlord Studio for property management:
Pro: Low price
The biggest pro of all, Landlord Studio should mainly be a consideration for its low pricing.
Not only are their monthly plans low, but they also offer a free trial, making it a good starting point if you’re hesitant about trying software to help with your property management.
It has some other things going for it, but it generally pales in comparison to other property management tools.
So, if pricing isn’t so much of a concern vs. a few tens of dollars it’s likely better to go with something else more powerful.
While on the simpler side, Landlord Studio takes advantage of being easy to set up and easy to use, according to many users.
This more than anything makes it relatively friendly to new users of property management software.
Con: Missing many features compared to full property management tools
Landlord Studio bills itself as a property management software, but when compared to premium software it is lacking in features.
It does have many of the basic features you’d expect, such as rent collection, property maintenance, leasing features, and more.
However, it’s missing functionality within those major feature categories.
For example, with their maintenance management features you don’t have the capability to allow tenants to submit maintenance requests themselves or assign a vendor to the job to streamline coordination.
Con: Can’t upgrade up to get those features later
Another con that’s important to mention builds off the last.
There are a number of low-cost property management software options that similarly offer low functionality with just a few basic features.
However, most of those at least allow you to upgrade to one of several premium plans later on when you’re ready to get some of those missing features eventually.
That’s not the case with Landlord Studio, though. While there are certain features you get when upgrading– such as an account management and advanced reporting– that’s about it.
Before we get into alternatives, let’s cap off the review portion with a look at user reviews.
One user, Scott, says, “this software is very intuitive and easy to use, yet still has powerful features to help landlord's keep up with their books on their rental properties.”
User Manoj mentions enjoying that the app is multi-platform:
“The dashboard is a great way to see your incoming rent and outgoings, the app is multi platform and I end up using this both on my phone and web browser.”
Another Landlord Studio user, Donna, says she benefited from the easy set up:
“[Landlord Studio] is user friendly. It only takes a few minutes to setup and you are ready to go.”
However, it’s not all sunshine. Verified user James says the eLeasing features are lacking:
“I wish it had integrated lease management. Currently, I can only upload leases manually, it would be nice to manage that process inside that application.”
While another user, Sameer, mentioned wanting more from Landlord Studio’s reporting feature: “[the] level of detail in reports is limited as of now and requires improvement.”
Landlord Studio vs. DoorLoop
Now that we’ve covered everything to know about Landlord Studio, let’s talk for a sec about alternatives.
Specifically, we’ll be pitting Landlord Studio against award-winning property management tool DoorLoop to see the difference and show you why DoorLoop is the #1 LandLord Studio alternative.
When looking at each tool’s features head-to-head, while Landlord Studio has many core features such as:
- Online rent payments
- Basic accounting features
- Tenant screening
- And maintenance management
DoorLoop offers those things as well.
It also offers additional features, such as:
- A more complete suite of accounting tools including a full chart of accounts, bank reconciliations, and more
- Tenant communications tools that allow you to centralize communications onto a single platform
- More streamlined maintenance management features such as tenant maintenance requests, assigning vendors to work orders, and more
Not to mention, if offers:
- Automated rent payments
- Tenant portal and owner portal
- More robust eLeasing tools
- And more
Pricing is where Landlord Studio comes out ahead, though not by as much as you might think.
DoorLoop comes in at an affordable $49 per month for up to 20 units.
Earlier, we talked about Landlord Studio’s pricing:
However, this only includes one property.
Now, let’s look at Landlord Studio’s pricing when we compare the same 20 properties that DoorLoop’s basic plan offers:
Not so different, right?
Now, when we go back to the difference in features, the difference in value– it’s an even different picture.
So, with DoorLoop you get the right balance of fair pricing and powerful features that save you both time and even more money.
Which is right for you?
We feel confident saying that DoorLoop is the #1 Landlord Studio Alternative.
But it’s about more than just features.
Not only can you take advantage of a robust set of features that allows you to streamline your entire property management operation with DoorLoop, you also get:
- Award-winning ease-of-use, plus
- Award-winning customer support too
- … at a price that fits any budget
It’s truly the complete package.
Plus, you can get started with a 30-day money back guarantee. So, you have nothing to lose to give it a try and see just how much DoorLoop can simplify your property management efforts.