Rental property owners and landlords handle their work far more efficiently when they have an advanced tool to help them do so.
Zenplace Property Management is a platform designed to support and assist rental management teams with the daily running of things.
There are many out there like it- so what makes Zenplace Property Management a good choice? Below, we have shared an overview of the features, prices, benefits, and downfalls to help you decide if it is the right fit.
In case it doesn't tick the boxes, we have also provided three highly recommended alternatives for you to try.
What Is Zenplace Property Management?
Zenplace is a property management technology company and app specializing in services for owners and landlords to make life easier with their rental properties.
It uses AI-driven software and intelligent data consolidation systems to keep everyone on the same page and offer effective and convenient solutions for property owners and managers.
Zenplace Property Management Features
Automated Tenant Screening
Landlords can use Zenplace to screen and rank tenants on a scale of one to ten- with minimal personal input. They just need to set up their guidelines and requirements and let the AI system do its thing.
The Zenplace owners' portal is a great tool for studying the market to optimize rent prices, business goals, and more. It tracks local market trends and applies them through suggestions on how to list a property.
Built-In Payment Management System
Owners can process payments directly through the Zenplace site and app- including security deposits, monthly rent, insurance charges, and anything else involving money.
Tenants can pay electronically using their cards, and it keeps track of the transaction history for each property. Landlords can then view transaction history easily through the platform.
Mobile Inspection Platform
It is easy to conduct inspections virtually with Zenplace. The tenant can upload time and location-stamped photographs- which helps owners compare through their mobile devices on the go.
Zenplace has two plans for rental property owners to choose from.
The first is the Rental Management plan- which is aimed at occupied units and costs $99 per property per month.
Landlords can use it to manage all communication with tenants and other procedures relating to their occupied properties. They can adjust the number of units included in their plan whenever they want to.
Secondly, the Leasing plan is specifically tailored to a property manager with vacant units. It has a flat fee of $599 per unit (a one-off payment) that covers marketing, promotion, showings, and more.
Is There a Free Trial?
There is no free trial advertised with Zenplace.
Pros and Cons of Zenplace Property Management
Here is a summary of the top benefits and drawbacks of using the Zenplace rental management platform.
PRO: Excellent Workflow Centralization for Property Owners
The platform offers excellent consolidations for documents, data, and the general property management process.
PRO: Sime-Saving AI Automation Features for Filling Vacancies in Rental Properties
Automated tenant placement tools streamline the rental process by using next-generation technology AI to screen and place tenants- and assist with other move-in procedures.
CON: Limited Integrations and Partnerships
Zenplace is not in partnership with the leading listing websites- which can lead to fewer lead generations and a more limited prospective tenant pool.
CON: Lacking Clients' Support Services
Although Zenplace offers customers support via phone, email, and chat forums- response times are often slow, and there is no 24/7 live support for emergencies.
Top Three Competitors to Consider as Alternatives
The top choice for property owners is DoorLoop- a rental management platform that does it all and doesn't break the bank.
- Online rent collection and management platform
- Advanced owners portal
- Comprehensive accounting tools
- Mobile communications system
- Starts at just $49 per month for up to 20 properties
Hemlane is a feature-packed platform for landlords looking for something extra. It is not the cheapest choice but is a great Zenplace alternative.
- Maintenance management
- Advanced tenant screening
- Online payment system
- $30 monthly plus $2 per unit
- $60 monthly plus $32 per unit
3: Landlord Studio
Those looking for a budget option that covers the essentials should consider Landlord Studio. It may not be as advanced, but it gets the job done.
- Basic accounting
- Manages applications
- Tenant screening system
- Basic free platform
- $12 monthly (billed annually)
Overall, Zenplace is a decent property management tool- but there are more advanced platforms that cost less.
DoorLoop does it all- and has helped countless property owners optimize their work.
Try it yourself with a free demo- scheduled in less than a minute to get things started!