The rental property management industry has produced a great amount of annual revenue all over the world within a few years. This leads to the requirement of rental property management apps to lead a better and more efficient business. Property managers can use these apps to attract, manage and resolve issues regarding expenses and revenue. This article includes details about the top-rated rental property management apps and the steps regarding the application of tenants. There are many rental property management apps to serve you the best result based on your building, its size, type of management, and your budget. They include Buildium, Stessa, Landlordy, TurboTenant, and a few other landlord app/software.
App for Rental Property
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Paid Apps
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Buildium
Buildium is the overall best rental property management app of last year with an overall rating of 5 out of 5. It works on the whole property management process by controlling online rent payments, vacancy management, accounting, leasing, and all other business operations. It is a paid software that offers only a 14-day free trial and the pricing depends on the number of management units and the size of your organization.
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Landlordly
With a 5-star rating, it stands on the top list of rental property management software.
It can be used by both landlords and property managers. This app is built for android and iOS smartphones and tabs. It manages payments, tax collection, and rental business expenses. The free version of this app is suitable only for single management and has many limitations regarding the number of expenses and rental property units. The paid version is required to use for more than one rental management, and also to use the complete feature of this software
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Free Apps
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Stessa
Stessa is a property management software with a lot of features to manage and develop the performance of an organization. It also has a 5-star rating. It manages the income, rental tax, accounting, and investment automatically. It has its document storage feature to store all the necessary details needed. One of the main advantages of Stessa is that it is completely free to use. It is available on both android and iOS devices and automatically does most of the work saving time.
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TurboTenant
TurboTenant is a completely free app in which any number of units can be managed.
It has an average ranging between 4.8 to 5. It provides 24 hours customer support and many features to facilitate tenant management, managing applications, screening, advertising, and so on.
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Zillow Rental Manager
This is free software providing only some features. It focuses on finding new renters, leasing vacant properties, collecting rent payments, and screening tenants. It is rated 4.5. It does not provide all rental management features like other apps.
Application for Tenants
Application for tenants also called rental applications is mostly made by the landlords who possess the property. The tenants occupy those properties for rent through a rental application form created by the landlords. The rental application form contains all the details of the tenant and the agreement. The form can be made easily online as there are several websites available.
The process of application of tenants involves certain steps, They are:
1. Filling the rental application form
It is the first step which involves
- Contacting the landlords and getting the application form.
- Fill in the application form with necessary details like photo, name, address, phone number, email, employment, and so on.
2. Paying the application fee
The next step is to pay the rent fee. It can be paid as credit or check. The application fee depends on the property size, its features, area and surroundings, availability of roadways, and distance from town.
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Signing the lease
It is important to read the lease agreement carefully before signing it.
You should check upon
- The neighbors
- The surroundings
- The availability of space in the building
- Time and date of the agreement
There will be a security amount to be paid while signing the lease and it will be refundable later.
If the application is rejected you will receive a rejection letter from the landlord.
Rental property management apps help property managers in organizing the management by resolving tax issues and all other problems. Many software companies have emerged to create and develop such apps as it is one of the top income-generating businesses. All such software has become a part of tenant management.
