Choosing between Propertyware vs Buildium for managing rental property depends on the number of units property managers or investors manage. Propertyware is better for property management companies with at least 250 units. Buildium is good for investors and property managers handling any size portfolio. Both offer a free 2-week trial and a free demo. When…
What Is Property Management?
Property management is the operations management of the day-to-day activities of either an investor’s own rental properties or an independent company that handles multiple rental properties for many investors. Property management includes renting vacancies, managing income, expenses, and maintenance. Property management includes both residential and commercial properties, and sometimes land. How Property Management Works Whether…
The 5 Best Student Housing Property Management Software in 2019
The best student housing software makes it easy for owners to advertise, rent, and maintain vacancies by giving them cloud-based solutions to organize, track, communicate, and manage data. They also provide affordable tools to help owners scale. The best student housing property software can help you manage everything from a small portfolio to college dorms….
AppFolio vs Yardi: Price, Features & What’s Best
We compared property management software rivals AppFolio vs Yardi on price, features, and customer reviews. AppFolio is ideal for investors of small to mid-sized portfolios who want a simple, easy-to-use platform. Yardi is best for larger portfolios that need a web-based platform for operations management, executing leases, running analytics, and accounting. When to Use AppFolio…
Buildium vs Appfolio: Price, Features & What’s Best
Buildium vs Appfolio: These rival online property management software are for managers of small and large portfolios comprised of residential, student, commercial, or community housing. Pricing is based on numbers of units with some differences once a user reaches a certain number of units. Buildium starts at $47, while Appfolio starts at $250. When to…
What a Mortgage Prepayment Penalty Is and Who Has to Pay
Prepayment penalties are fees some lenders charge borrowers who pay off their loans early, refinance, or pay a substantial portion. In 2014, prepayment penalties became restricted from residential loans on owner-occupied property, with some exceptions. Prepayment penalties are sometimes charged as a percent of the loan balance starting at 3% and declining over three years….
Cozy vs TenantCloud: Price, Features & What’s Best
Cozy and TenantCloud provide online property management for do-it-yourself (DIY) landlords. Cozy is free for landlords and charges $2.99 for expedited payment processing. TenantCloud costs up to $35 a month. Cozy is ideal for landlords who need a simple-to-use platform while TenantCloud is preferable for those who want rental accounting, mobile access, and service support….
Avail vs Cozy: Price, Features & What’s Best
Avail vs Cozy with competitive online property management software for do-it-yourself landlords. Avail costs $10 a month. Cozy is free for landlords with a $2.99 fee for expedited ACH payment processing. Choose Avail if you want a robust computer and mobile-friendly app. Choose Cozy if you want free services for landlords on your desktop. When…
When & How to Hire a Property Manager
If you own minimal rental properties, you can manage them yourself. However, as your portfolio grows, responsibilities grow, and you may want to hire a property manager. However, it’s important to hire the right one. You can expect to pay from 4% to 10% of gross monthly rental income in property management fees. If you’re…
Property Management Fees: How Much Do Property Managers Charge?
Paying property management fees for someone else to manage your rental property can save you time and money. Management fees are typically between 4% and 10% of gross monthly rent, plus fees. Some companies charge a flat monthly rate of $100 or more. Fees include advertising, screening tenants, handling leases, coordinating repairs, and responding to…
What Does a Property Management Company Do & When to Hire One
Property management companies are great for investors who want to be less hands-on or who live far from their rental properties. What a property management company does to help investors is they manage the day-to-day operations of rental property. Depending on the property, management companies typically charge between 4% and 10% of gross monthly rent….
Top 15 Features of a Perfect Tenant Appreciation Letter
A tenant appreciation letter is written by landlords to welcome new tenants politely. These letters to your tenants should include other important details your new tenant needs to be reminded of, such as house rules and facilities. We spoke with the experts who shared the most important features of a perfect tenant appreciation letter. Below…