As a real estate investor or property manager with a small portfolio, it can be easy to fall into the trap of managing your properties manually.
You know, the good ol’ Excel spreadsheet.
There’s no denying that it works better than keeping tabs from your smartphone’s Notes app.
However, even if you’re only managing a few properties, there are far better options available to you today.
Property management software for small landlords and large portfolios alike can do all kinds of things:
- Make it easier to collect rent, collect more rent, and do it faster
- Streamline maintenance requests and tenant communications as a whole
- Simplify the screening and application process
- Give you accounting tools that are purpose-built for property management (instead of using a general accounting system like QuickBooks, which can be inconvenient)
...And much more!
That’s why we’ve put together a list of the best rental property management software for small landlords.
Each of the options we’ll cover below has one or more of the following:
- Free plan or demo
- Affordable pricing
- Large feature set
- Easy-to-use interface for seamless implementation
Software designed with these features is best for investors and property managers with smaller portfolios.
Read on to find out the best landlord software available.
What Is the Most Popular Property Management Software?
DoorLoop is an all-in-one property management solution made by property managers, for property managers and property management companies. Since the entire software is made by a development team full of real estate professionals, it's sure to meet all the needs of your business, making it the most popular and user-friendly property management software in the market.
Some of DoorLoop's features include:
Leasing and Marketing Tools: Completely automate the listing of vacant properties to fill your available units quickly.
Fully Integrated Accounting Suite: Manage all your financials and accounting needs from one single portal with a system that integrates with dozens of other software.
Exceptional Customer Support: Enjoy excellent technical support throughout your experience with the software and even the training process.
Maintenance Management: Manage all maintenance requests for your rental properties and keep track of the service done on the properties.
Tenant Portal: Make things like online rent collection, viewing balances, and requesting maintenance very easy with a convenient tenant portal.
As an added bonus, DoorLoop offers free demos to help you get familiarized with the software, so schedule one today!
8 Best Property Management Software for Small Landlords
Below are eight of the best property management software tools for small landlords based on the aforementioned features and criteria.
Each of the tools below is designed to help you manage your properties in multiple areas. Some are even all-in-one solutions you can use to manage your entire portfolio.
Let’s start with some of the best tools with free plans (or free demos).
Best for: Free Plan
Several property management tools offer a free demo or, in some cases, a 100% free plan.
Keep in mind that while a free plan sounds like a great starting point, the options below do tend to be limited in terms of features.
However, if you don’t have the budget to spend right now on software, these could be a good way to get your feet wet.
If you’re looking for a simple solution that you can take with you on your smartphone, Landlordy is a good option.
Landlordy has both an iOS and Android app version and a good UI. However, as you’ll see, compared to some of the other options we review later, the feature set of Landlordy is minimal.
Still, if you’re simply looking for something that helps you collect rent online and you’re willing to give up some of the more powerful features in typical property management software, it’s worth a look.
Landlordy offers a 100% free version, though it’s limited to only a few basic features. It's also only for a single rental unit and single tenant lease, so this could be a good fit for small property owners.
For $14.99, however, you can pay for a premium version and get access to a few more basic accounting features and data backup for up to two units instead. For 10 units, you'll need to use Landlordy's $49.99 plan, and for unlimited ones, you'll have to pay $99.99.
In general, though, Landlordy still doesn’t come close to some of the more robust features on this list, even with those add-ons.
Avail is another good option that has a more comprehensive feature set for the property management process.
Unlike Landlordy’s affordable premium plan, however, Avail’s paid plan isn’t cheap.
One of Avail's advantages is that it has a decent UI that’s easy to maneuver. However, it can be challenging to get started, because Avail doesn’t offer good tutorials or a competent knowledge base for learning how the software works.
- Online rent payments
- Work order management
- Tenant screening
- Automatic listings
Avail offers a free plan with an unlimited number of units. However, their Unlimited Plus paid plan is pricey, even compared to some of the higher-end options on this list. If you want to get many of their more valuable features, it will cost you $7 per unit per month.
Best for: Affordability
So, you’ve decided to invest a bit into property management software.
Like with any business decision, you want to get the most for your money. For that, you need to know which software not only is affordable but also will do the job you need it to do.
Here are three more great options for investors and property managers with a small portfolio, particularly if you’re looking for a good feature set without paying an arm and a leg.
TenantCloud offers a free plan most similar to Landlordy’s, being free up to 75 units. It’s not unlimited, but it will suffice just the same for real estate investors who have a small portfolio.
If you’re looking for a convenient app that you can take with you on the go and that offers a free plan, Landlordy is likely still the best option.
The one benefit TenantCloud does have over Landlordy is that its feature list on both its free and premium plans is better.
- Online rent payments
- Work order management
- Vendor payments
TenantCloud used to have a free plan, but it unfortunately doesn't seem to anymore. That said, its basic Starter plan has a low cost of $12 per month.
You’ll need to opt for their $40 Growth plan to get a decent list of features comparable to the other options on this list.
SimplifyEm is an excellent option if you’re primarily looking for an accounting tool for managing your properties.
SimplifyEm mainly makes tracking and collecting rent easier, but it does have some unique features like payment reminders.
It has a free trial version that’s unique among other property management software tools in that you can test out the complete software for a limited time without putting any sensitive information in.
- Robust accounting features
- QuickBooks integration
- Automated rent payments
SimplifyEm's paid plans start at $35 per month, making it one of the most affordable paid plans on this list. However, it only covers up to 10 units. You'll have to pay more for more units.
5. Property Matrix
Property Matrix is a good option for businesses with very specific reporting needs. Offering over 500 customizable reporting fields, this software allows you to generate virtually any report you’ll need.
It’s important to note that users report Property Matrix’s price point to be quite high for smaller businesses, especially when compared to software options with comparable features. Its Starter plan starts at $400/month for up to 250 units.
- Mobile app
- Custom user roles
- Custom fields and reports
- ACH and credit card payments
Property Matrix Pricing
Property Matrix starts at $450/month on its Starter plan, which is quite high compared to other options out there.
Even if you manage as many as 250 units, there are other software options out there that offer a more advanced subscription tier that still costs less than this basic package.
Best for: Custom Reporting
If you’re looking for powerful customizability when it comes to your reports, Property Matrix is a solid option. With that said, it may be worth it exploring other options that offer similar (or higher) functionalities at a lower price point.
6. Rentec Direct
Rentec Direct is a property management tool with a large set of property management features and a great pricing model.
It has one of the most comprehensive sets of features of any option on this list. Its accounting features in particular are diverse, including everything from online rent payments to robust reporting tools.
However, users report Rentec’s interface is hard to navigate and find what you need, making it a bit of a pain to use on a regular basis.
- Good accounting features
- Work order management
- Tenant communications tools
- Owner portal
Rentec Direct Pricing
Rentec Direct’s pricing starts at a base of $55 per month for up to 10 units, with pricing increasing based on a tiered model.
Buildium is another option that offers a deep set of features for managing your portfolio.
In addition to the solid feature set, Buildium users report it having good tutorials for getting started, though that’s balanced with a somewhat overwhelming amount of options and settings that can make it difficult to adopt if it's your first property management software.
- Work order management
- Online rent payments
- Good reporting features
- Expense tracking
Buildium's starter plan comes in at $52 per month for its basic features. For more features, you'll need to upgrade to its Growth or Premium plans for $166 per month and $479 per month, respectively.
Best for: All-Around
Last but quite the opposite of least, we have our pick for the best all-around property management software for small landlords. It offers a free demo, low price, and competitive feature set.
Whether you’re a property management or investor with a few properties (or even a vast portfolio), if you want something that checks off all the boxes, this is where to look.
So far, we’ve covered options that have the following:
- An affordable pricing model, so that when you decide you want to invest, you know it will fit the budget.
- A robust feature set, allowing you to get the most value for your property business, from streamlining tasks to uphold your end of the lease agreements to optimizing processes and giving you peace of mind.
We truly believe we’re not just tooting our own horn when we say our very own DoorLoop is the best of all three of those worlds—and more.
Pricing is some of the most competitive in the industry, starting at just $49 per month for up to 20 units before the promo.
And as for features? DoorLoop provides every feature mentioned in this review thus far and then some, allowing you to do the following with ease:
- Handle all your accounting needs, from automatic rent payments via multiple payment methods to reporting and a full chart of accounts
- Manage all of your work orders, allowing tenants to submit maintenance requests themselves via the app and you to assign tasks to vendors and pay them when the job is done
- Communicate with tenants straight from the app, streamlining communications in a way you never thought possible
- Access an owner portal for easy reporting and check printing all in one place
- Simplify the process of bringing in new tenants, including everything from automatic listings to tenant screening
And much more!
And if all that wasn’t enough, DoorLoop is purpose-built for ease of use.
The UI is hyper-responsive, the load times are lightning-fast, and it’s easy to find anything you need in seconds, making all your property management tasks streamlined!
So then, how about pricing?
DoorLoop’s online rent payment and property management system is frequently 50% off your first two months. So, you can give it a try and see how it works for you.
DoorLoop’s basic plan starts at just $49 per month for up to 20 units and with room to grow. It'll scale with your business easily!
Try the Best All-Around Property Management Software
No matter which option you decide to go with, one thing is true: Property management software can do a lot for you if you’re an investor or property manager with a small portfolio.
Excellent property management software can do the following:
- Streamline complex systems
- Simplify communication with tenants, vendors, and owners alike
- Automate many monotonous tasks so you have fewer things to worry about
And much more.
To take advantage of these and other invaluable benefits that make managing your properties easier, try DoorLoop’s all-in-one property management software.
It’s purpose-built for investors and property managers of all sizes, whether you have a few or a few hundred properties.
Give DoorLoop a try and schedule a free Demo today!