Are you considering making Rent Manager your property management software?
This is a very important decision for your property management company. Good property management software can immediately save property managers tons of money and time.
For this reason, there are some key things that you should consider when choosing software. Some things include:
- What is the pricing model and how much does it cost?
- Does it have the features that your business needs?
- How quickly can someone learn to use it?
- How does it compare to its competitors?
Knowing the answers to these questions is essential and can guide you in choosing great property management software.
So, if you are curious to know all of this about the popular Rent Manager software, you have come to the right place.
Below, we will answer all of these questions, and more, about Rent Manager and even give an alternative if you are not fully hooked.
What is Rent Manager Property Management Software?
Rent Manager is a very powerful rental property management software that combines various aspects of the real estate industry into one single web portal suite. This software provides an extensive set of customization tools that allows you to transform it into a tool that fits right into your existing business.
Utilizing powerful property management tools, Rent Manager accepts properties of all shapes and sizes. This means that the software can be used with a portfolio containing any kind of property, including:
- Affordable Housing
- Student Housing
- Commercial Properties
- Self-Storage Rentals
...and many more, even including your own rental type.
This versatile tool manufactured by London Computer Systems is meant to cover every aspect of your property management operation with its bountiful set of features. Rent Manager has a full integration which means that you can port over information from tons of other software without losing a single piece of data.
Software like Rent Manager can completely transform the way that property managers handle their daily tasks and operations. With automation being one of their major strong suits, Rent Manager is sure to save you time on the tasks that take the most time out of your days.
Now that you have an idea of what Rent Manager is all about, you should have some more insight on whether or not you are making the correct decision.
However, before making your decision, read more about some of Rent Manager's most notable features and its pricing down below.
Rent Manager Features
When choosing the best property management software for you, nothing is more important than making sure that the features are exactly what you are looking for. Since the needs of property owners and managers differ, it is vital that you choose software based solely on your business's needs.
When you choose software with so many great features, you can expect a huge change in the way that your properties are managed. So, you should make sure that the features that Rent Manager offers are actually going to be useful for you and your business.
Some of Rent Manager's most notable features include:
- Integrated Accounting System
- Maintenance Management
- Premium Customer Support / Training
- Marketing and Leasing
With Rent Manager, all of these property management services can be accessed through a single user-friendly interface on the Internet.
However, these features are pretty broad and can span into many other useful tools. So, to really give you an idea of what features you will be investing in, we have outlined all the features below in detail.
Also, we will be discussing how each of these features can be useful to you and your property management business.
Integrated Accounting System
One of the most common features found across property management software is a large collection of accounting features. This is especially true with Rent Manager's complete accounting program. This kind of accounting system is built to handle any financial task that your business has to complete.
A very useful aspect of this system is that it allows the user to automate very repetitive tasks, like account payable and account receivable. This means that you can set up a specific schedule for each of those so that you don't have to worry about remembering every time, and it is done automatically.
This accounting system also supports online payments from the owners or tenants. Rent Manager gives the user the capability to track and process tenant payments, owner contributions and distributions, and vendor bills, all from one place.
Then, these can all be found in the automatically generated financial statements from within the software.
Another very useful feature that is offered by Rent Manager is its complete maintenance management system. With this system, you can manage maintenance requests, and stay updated on the status.
When any of your properties need maintenance, the tenants or rental property owners can simply submit a request through the software. Then, once it is approved by the property manager, the request is escalated to a customer support team. From there, a Rent Manager team is dispatched to the property to perform the required maintenance.
All of the service requests can be tracked by the property manager from the software, allowing you to manage effectively. If there are any complications with the process, there is always a dedicated product support team on standby to assist with any issues.
Premium Customer Support / Training
When using new software that you have never used before, it can be very tricky to figure everything out.
For this reason, Rent Manager provides a plethora of resources to assist new users in figuring out the software. This is extremely useful if you are transitioning from your previous software company and are not quite sure how to even get started.
The Rent Manager program, called Rent Manager University, is a complete training platform designed to help users get the most out of the software. This is important because it allows Rent Manager users to get the most value for money.
Also, users can request a dedicated sales and account manager or a premium support representative to further assist with any complications they may have.
Also, many Rent Manager reviews claim that the Rent Manager software is dated and clunky and often freezes. Due to this, it may be useful to keep the service number accessible because you may need it.
Marketing and Leasing
The last feature that we will be discussing in this list is the marketing and leasing functionality that Rent Manager offers.
One of the more useful tools that are part of Rent Manager's marketing and leasing package is a complete tenant portal.
With this portal, it is possible for property managers to view prospective tenants and go through the process of deciding whether or not to consider them. This includes initial screening, conducting background checks, and even contacting the tenants.
Another functionality included in Rent Manager's suite of tools is the ability to create custom websites.
Using Rent Manager's various website templates, a property manager can create their very own website where they can list their vacant properties. This is a very good way to decrease the amount of time that it takes for a property to be rented out and generate more profit overall.
Now that we know more about Rent Manager's most useful features, let's get into the important part - the pricing.
Rent Manager Pricing
Typically, the one aspect of property management software that turns people away is pricing. Also, unlike Rent Manager, some software companies also tend to hide their prices and make you contact them for info.
Rent Manager, on the other hand, is very straightforward with their pricing. Their software is split into three plans, Rent Manager Basic, Rent Manager Plus, and Rent Manager Premium. Their first plan, the Rent Manager Basic, is priced at $1.00 per unit, per month. The next plan, Rent Manager Plus, is priced at $1.50 per unit, per month. And the final plan, Rent Manager Premium, is priced at $2.25 per unit, per month.
All of these plans offer different amounts of features, with the basic plan offering the least and the premium offering the most. However, it is important to note that each one has a minimum. For Rent Manager Basic, the minimum is $200. For Rent Manager Plus, the minimum is $300. Finally, for Rent Manager Premium, the minimum is $450.
So, if you are planning on managing less than 200 units, Rent Manager may not be the best software for you. Luckily, there is an alternative to Rent Manager with all of the best features and no minimum price.
Rent Manager Alternative
Not convinced by Rent Manager's set of features? There are other property management software options, such as DoorLoop.
DoorLoop is an all-in-one property management solution that covers all aspects of the property management scene, from accounting features to leasing ones, such as tenant screening services. This option, unlike most property management software in the industry, provides all the tools and functionality that any property manager will need to transform their property management business.
Some of DoorLoop's best features include:
- Maintenance Management System: DoorLoop's maintenance request management allows you to create and track maintenance requests.
- Tenant Portal: DoorLoop's full tenant portal allows for quick and seamless communication between the tenant and the property manager. The tenants can also submit rent payments and other fees from this same place.
- Full Accounting Suite: Manage all of your property accounting from one place, even with QuickBooks integration.
- Stellar Customer Support: Around-the-clock customer service available to assist with any issues or concerns with the software.
Interested in these rental property software features? Continue reading to discover how much you would be paying for this set of features.
You can get full access to DoorLoop's features for only $49! See just how affordable DoorLoop is for your business.
Schedule a free demo of DoorLoop today to get started.