property management software which one is the best?

Answer 1

There are only a few truly complete property management software packages.

One of them is Yardi Systems, but unless you have many properties/tenants to manage, this system can get a bit pricey. Their "Professional" version was fantastic and was reasonably priced, but now they are upgrading to the next version and it is pricey. Excellent, but pricey!

Next is Quickbooks Pro - Management version. It is simple, adequate and approximately $1,000.00 for all the modules you will need. If you are on a budget, this is the optimal way to go. You will need the Quickbooks Pro software, the Property Management module and if you do payroll, you will also need that.

Last is Tenant Pro, it is trying to copy Yardi, but lacks a bit of consistency. It is reasonably priced and is still a good functioning piece of software.

You might want to talk to someone at CMD Business Consulting. They specialize in Yardi and Quickbooks, but have worked and trained clients on Tenant Pro as well.

Good Luck
Hope you find what you need.

Answer 2

I agree with loudflyer. I own and manage several properties and the only software I use is Excel, on which I prepare the accounts to send to the Accountant. I have an exercise book for each property, in which I record details of each new Tenancy Agreement. Bank Statements are a record of rental payments. I keep a ring binder for each property, in which all invoices go, ready for the Annual Accounts. In there I also put my NICE and CORGI certificates - I get these all done at the same time of year - much easier to remember. Tradesmen and tenants are on my database - what else do you need ?

I wouldn't want special software even if you paid me to use it

Answer 3

'It Depends'

My recommendation ? use whatever the majority of your Clients are using - or use something with at least 'read' web access that the majority of you Clients can use (without you having to pay through the nose for extra Client 'seat' licences).

Remember most management software will need a Server and back-end database - if you are a small Company, make sure it's all integrated into the package (typically it will include mySQL) .. Larger companies can go for a stand-alone MS SQL Server solution (it will cost an extra £8000 or so for a web access Licence and you may have to employ a DBA) ..

NB. I suggest you steer well clear of anything that is based on Oracle (unless you have £1m to spare :-) ).

Answer 4

learn to run it without software first. When you fully understand what is happening, then look for a computer based system. If you run it without fully understaning it...trouble will follow. Software is sometimes the worst thing to get.