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DansDeals Forum => Tech Talk => Topic started by: jackofall on July 06, 2015, 06:47:41 PM

Title: Property Management Software
Post by: jackofall on July 06, 2015, 06:47:41 PM
Property Management company looking for new software. Open to any software that has full functionality. From leasing through accounting and everything in between.
Yardi, Real Page, MRI, Appfolio Etc.
Anybody use/have experience with property management software, please share your experience.
TIA
Title: Re: Property Management Software
Post by: whacked1 on July 06, 2015, 06:50:56 PM
Are you looking for more management software (work orders/violations/permits) or accounting (rent/leasing/etc)?
Title: Re: Property Management Software
Post by: jackofall on July 06, 2015, 06:53:39 PM
Are you looking for more management software (work orders/violations/permits) or accounting (rent/leasing/etc)?
Looking for software that does it all. I don't want separate systems.
Title: Re: Property Management Software
Post by: lunatic on July 06, 2015, 07:00:17 PM
Never used it myself,  but I was an auditor of rental properties,  I  understand that yardi does it all,  but there is alot of setup work
Title: Re: Property Management Software
Post by: Moes Tavern on July 12, 2015, 10:38:18 PM
I  understand that yardi does it all,  but there is alot of setup work
+1
Title: Re: Property Management Software
Post by: upside down on July 14, 2015, 08:21:20 PM
Did you look into MDS?
Title: Re: Property Management Software
Post by: whacked1 on July 14, 2015, 10:19:19 PM
Did you look into MDS?
I'm not a fan
Title: Re: Property Management Software
Post by: snapit on July 14, 2015, 10:24:02 PM
Property Management company looking for new software. Open to any software that has full functionality. From leasing through accounting and everything in between.
Yardi, Real Page, MRI, Appfolio Etc.
Anybody use/have experience with property management software, please share your experience.
TIA
How many units? And how many properties? Looking to use your own server or a host?

Check out realpage.com
Title: Re: Property Management Software
Post by: alpicone on July 14, 2015, 10:30:56 PM
I have used Yardi and MRI. Yardi is far superior to MRI and Yardi in constantly enhancing their product whereas MRI does not.

Yardi is not cheap though and they nickel and dime you for every feature you want that isn't part of their "core" product.
Title: Re: Property Management Software
Post by: upside down on July 14, 2015, 10:46:16 PM
I'm not a fan
Why not a fan of MDS?
To be honest, i know nothing about the other mentioned options, all i know is that have been using MDS for years, and although it doesn't look modern from a graphic perspective, Functionally, it does everything i need, and seems easy to work with.
What is the downside of it, and what does it lack?
Title: Re: Property Management Software
Post by: whacked1 on July 14, 2015, 10:49:45 PM
Why not a fan of MDS?
To be honest, i know nothing about the other mentioned options, all i know is that have been using MDS for years, and although it doesn't look modern from a graphic perspective, Functionally, it does everything i need, and seems easy to work with.
What is the downside of it, and what does it lack?
Do you use the management features of it? Work orders etc? Do you pay for the mobile version?

Title: Re: Property Management Software
Post by: whacked1 on July 14, 2015, 10:51:03 PM
Did anyone try tenantclould? its a free program, looked interesting from just browsing around, didnt have a lot of time to actually play around with it though
Title: Re: Property Management Software
Post by: upside down on July 14, 2015, 10:54:16 PM
Do you use the management features of it? Work orders etc? Do you pay for the mobile version?
I use all the management features, including work order. i do not have the mobile version.
What advantages do other programs have?
Title: Re: Property Management Software
Post by: AsherO on July 14, 2015, 10:59:30 PM
I once worked with someone who used RentRiter, not sure how satisfied they were, but check it out:

http://www.academysystems.com/rentriter.html
Title: Re: Property Management Software
Post by: thaber on July 14, 2015, 11:12:41 PM
I used Yardi, switched to AppFolio. Night and day. Appfolio does everything, rolls out weekly updates, responds to questions/complaints much much faster, and is much more mobile friendly. Also takes care of leasing, advertising, signing leases, sending letters etc.
Yardi keeps track of work orders and accounting, but this much more full service. Feel free to ask me more questions if you need.
Title: Re: Property Management Software
Post by: jackofall on July 15, 2015, 01:19:05 AM
Thanks for all the info.
Title: Re: Property Management Software
Post by: jackofall on July 15, 2015, 01:20:32 AM
How many units? And how many properties? Looking to use your own server or a host?

Check out realpage.com
Looking for internet based. Looking into Real Page. Around 10 props 1,800 units.
Title: Re: Property Management Software
Post by: jackofall on July 15, 2015, 01:21:47 AM
I have used Yardi and MRI. Yardi is far superior to MRI and Yardi in constantly enhancing their product whereas MRI does not.

Yardi is not cheap though and they nickel and dime you for every feature you want that isn't part of their "core" product.
MRI just introduced a brand new interface. Not sure how much functionality was updated.
Title: Re: Property Management Software
Post by: jackofall on July 15, 2015, 01:22:26 AM
Did you look into MDS?
Never heard of them. Any good?
Title: Re: Property Management Software
Post by: jackofall on July 15, 2015, 01:24:35 AM
I used Yardi, switched to AppFolio. Night and day. Appfolio does everything, rolls out weekly updates, responds to questions/complaints much much faster, and is much more mobile friendly. Also takes care of leasing, advertising, signing leases, sending letters etc.
Yardi keeps track of work orders and accounting, but this much more full service. Feel free to ask me more questions if you need.
Seems like they have a pretty good product however they are missing one component which we need.
Title: Re: Property Management Software
Post by: thaber on July 15, 2015, 01:38:47 AM
Seems like they have a pretty good product however they are missing one component which we need.
may i ask which?
Title: Re: Property Management Software
Post by: jackofall on July 15, 2015, 01:58:01 AM
may i ask which?
The ability to process actual checks through their system.
Title: Re: Property Management Software
Post by: LifesGood on July 21, 2015, 06:48:28 PM
anyone heard of RISSOFT.com looks clean and simple. am looking for a clean cloud based, for residential and commercial, with a billing option for billing on triple net leases.
Title: Re: Property Management Software
Post by: snapit on July 28, 2015, 09:26:13 PM
anyone heard of RISSOFT.com looks clean and simple. am looking for a clean cloud based, for residential and commercial, with a billing option for billing on triple net leases.
Worth checking out:
http://www.realpage.com/company/online-demos/?src=AdWords&medium=PPC&campaign=AdGroupName&Network=Content&kw=&gclid=CLbuooKX_8YCFQ6raQod0w0Naw
Title: Re: Property Management Software
Post by: shnu on August 13, 2015, 11:42:21 PM
Look into remotelandlord. It's cloud based and has all the functionalities needed for a large management operation. Great bookkeeping and tracking.
Title: Re: Property Management Software
Post by: jackofall on August 14, 2015, 09:56:08 AM
Look into remotelandlord. It's cloud based and has all the functionalities needed for a large management operation. Great bookkeeping and tracking.
That's the system we have now. The back-end is very limited. However, they do you have some nice features that you only find on some of the high systems.
Title: Re: Property Management Software
Post by: shnu on August 16, 2015, 08:13:21 PM
Curious What's limited about the back end?
Title: Re: Property Management Software
Post by: twentie4hrs on August 17, 2015, 08:47:50 PM
MRI is the best of all- switched our entire company a few years ago
Title: Re: Property Management Software
Post by: jrose8486 on August 19, 2015, 12:29:45 PM
I use Remote Landlord for over 2000 units and am very very happy with it
Title: Re: Property Management Software
Post by: jackofall on August 19, 2015, 02:48:29 PM
I use Remote Landlord for over 2000 units and am very very happy with it
Do you close your books every month?
Try running a RR for a date in the past run it again for the same date in a few weeks, tell me if it matches.
Do you run reports on cash or accrual. If accrual, how do book your vacancies and delinquencies?
Try running a BS comparing current period to last quarter.
Run a GL report on BS account.
Do you like the cash flow report?
I am not trying to bash this software. To the contrary, I think it is excellent for the price. Just making people aware that it is limited on the back- end.
Title: Re: Property Management Software
Post by: jrose8486 on August 19, 2015, 04:09:47 PM
Do you close your books every month?
Yes
Try running a RR for a date in the past run it again for the same date in a few weeks, tell me if it matches.
How can it match, if someone pays rent he paid. if you want to keep a report print it & save it
Do you run reports on cash or accrual.
Both
 If accrual, how do book your vacancies and delinquencies?
again if its not vacant any longer it's not, if the guy paid he paid.
Try running a BS comparing current period to last quarter.
works fine by me
Run a GL report on BS account.
HUH?
Do you like the cash flow report?
don't use it. but I just checked it, don't see any issues with it
I am not trying to bash this software. To the contrary, I think it is excellent for the price. Just making people aware that it is limited on the back- end.
I guess if you're not happy with it you're not happy, and I'm not gonna convince you otherwise. I'm in business many years and used several programs before including some of the high end ones. and for me nothing compared to Remote Landlord.
Title: Re: Property Management Software
Post by: RemoteLandlord on August 20, 2015, 02:53:39 PM

RESPONSE FROM REMOTE LANDLORD SYSTEMS

At Remote Landlord, we strive for 100% customer satisfaction. We are continually updating and enhancing our system based on customer input. We pride ourselves on the sophistication of our accounting module, which sets us apart from most other property management systems.

We would like more details of the issues you are experiencing so we can provide you with solutions. Please contact our technical support team at 800-606-0822 for assistance.


Daniel Schwartz
REMOTE LANDLORD SYSTEMS
Title: Re: Property Management Software
Post by: thaber on August 21, 2015, 02:41:18 AM


Try running a RR for a date in the past run it again for the same date in a few weeks, tell me if it matches.
How can it match, if someone pays rent he paid. if you want to keep a report print it & save it

Do you run reports on cash or accrual.
Both
 If accrual, how do book your vacancies and delinquencies?
again if its not vacant any longer it's not, if the guy paid he paid.
Same dates are key words there
Do you like the cash flow report?
don't use it.
You've been in pm many years and don't run cash flow reports?
Title: Re: Property Management Software
Post by: jackofall on March 15, 2016, 02:38:49 PM
Anybody have experience using eSupplySystems? Seems like an awesome concept.
Title: Re: Property Management Software
Post by: whacked1 on March 15, 2016, 06:58:03 PM
Anybody have experience using eSupplySystems? Seems like an awesome concept.
We just started with a similar product/concept
Title: Re: Property Management Software
Post by: jackofall on March 15, 2016, 10:41:48 PM
We just started with a similar product/concept
Please do tell which/what?
Title: Re: Property Management Software
Post by: whacked1 on March 15, 2016, 11:09:46 PM
Please do tell which/what?
We are using Oncare.net (going through a purchasing company). Basically 5 vendors catalogs are uploaded. When order gets placed cheapest vendor automatically gets PO. Every order is logged, so very easy to run reports on how much each apt is costing, which super excessive ordering etc
Title: Re: Property Management Software
Post by: jackofall on March 15, 2016, 11:37:30 PM
We are using Oncare.net (going through a purchasing company). Basically 5 vendors catalogs are uploaded. When order gets placed cheapest vendor automatically gets PO. Every order is logged, so very easy to run reports on how much each apt is costing, which super excessive ordering etc
Thanks I will check out.
Title: Re: Property Management Software
Post by: ahecht37 on March 16, 2016, 09:06:59 AM
I have used Yardi and MRI. Yardi is far superior to MRI and Yardi in constantly enhancing their product whereas MRI does not.

Yardi is not cheap though and they nickel and dime you for every feature you want that isn't part of their "core" product.
which yardi product were you using?
Title: Re: Property Management Software
Post by: bubkiz on May 29, 2017, 05:53:11 PM
Anyone use QuickBooks for managing Single Family Rentals?
Title: Re: Property Management Software
Post by: Zalc on June 13, 2017, 01:39:42 AM
Looking for internet based. Looking into Real Page. Around 10 props 1,800 units.
Can I ask what system you settled on?
Why?
How is it going for you?

TIA!
Title: Re: Property Management Software
Post by: jackofall on June 13, 2017, 08:12:18 AM
Can I ask what system you settled on?
Why?
How is it going for you?

TIA!
Oh boy! I can write a book!
We went with Yardi. Implemtation has been a nightmare. We have come to the conclusion that the only way to convert and set-up properly is to spend the money on consultants. Which we are in the process. Finally seeing the light at the end...
Title: Re: Property Management Software
Post by: efflpetzel on June 13, 2017, 11:14:15 AM
Oh boy! I can write a book!
We went with Yardi. Implemtation has been a nightmare. We have come to the conclusion that the only way to convert and set-up properly is to spend the money on consultants. Which we are in the process. Finally seeing the light at the end...
Really, I heard good things about Yardi
Title: Re: Property Management Software
Post by: MAJ on June 13, 2017, 04:57:48 PM
Oh boy! I can write a book!
We went with Yardi. Implemtation has been a nightmare. We have come to the conclusion that the only way to convert and set-up properly is to spend the money on consultants. Which we are in the process. Finally seeing the light at the end...
roughly what is the startup cost?
Title: Re: Property Management Software
Post by: bubkiz on June 29, 2017, 11:25:39 PM
Anyone here use QBs for managing properties (single -family homes)?
Title: Re: Property Management Software
Post by: thaber on June 30, 2017, 03:21:32 AM


Oh boy! I can write a book!
We went with Yardi. Implemtation has been a nightmare. We have come to the conclusion that the only way to convert and set-up properly is to spend the money on consultants. Which we are in the process. Finally seeing the light at the end...

Unsurprising. You should not have needed consultants.
Title: Re: Property Management Software
Post by: thaber on June 30, 2017, 03:23:02 AM
Anyone here use QBs for managing properties (single -family homes)?
I've seen it done. You're way better off with software tailored to Property Management. And won't be all that much more
Title: Re: Property Management Software
Post by: bubkiz on June 30, 2017, 08:54:31 AM
I've seen it done. You're way better off with software tailored to Property Management. And won't be all that much more
Thank you. Can you make a recommendation for a program for about a dozen single family rental?
Title: Re: Property Management Software
Post by: Zalc on June 30, 2017, 11:55:17 AM
Thank you. Can you make a recommendation for a program for about a dozen single family rental?
From what I've seen, Buildium excels at managing small properties.
Title: Re: Property Management Software
Post by: bubkiz on June 30, 2017, 12:24:01 PM
Buildium starts at $150 per month = $1800 over the year. Would definitely explore if/when my boss buys more properties.
Right now its more of a side gig and does not justify paying this amount.
Title: Re: Property Management Software
Post by: AsherO on June 30, 2017, 12:31:08 PM
Buildium starts at $150 per month = $1800 over the year. Would definitely explore if/when my boss buys more properties.
Right now its more of a side gig and does not justify paying this amount.

12 units as a side gig? Cool!
Title: Re: Property Management Software
Post by: Zalc on July 02, 2017, 12:07:22 AM
Buildium starts at $150 per month = $1800 over the year. Would definitely explore if/when my boss buys more properties.
Right now its more of a side gig and does not justify paying this amount.
Ah, didn't realize they have a minimum.

Isn't there a free software that is good for homes?
Title: Re: Property Management Software
Post by: thaber on July 02, 2017, 03:09:17 AM
Thank you. Can you make a recommendation for a program for about a dozen single family rental?
Appfolio. They charge per unit, so shouldn't be expensive. Not sure if there's a minimum
Title: Re: Property Management Software
Post by: bubkiz on July 02, 2017, 09:08:57 AM
Appfolio. They charge per unit, so shouldn't be expensive. Not sure if there's a minimum
There is a $250 monthly minimum. The only one I found so far is TenantCloud which is free for up to 75 units.
Title: Re: Property Management Software
Post by: bubkiz on August 06, 2017, 11:12:20 AM
Any recommendations for a credit/criminal/evictions background check? Would prefer not having to have a site-visit.

TIA.
Title: Re: Property Management Software
Post by: joesol on August 06, 2017, 11:15:48 AM
I once worked with someone who used RentRiter, not sure how satisfied they were, but check it out:

http://www.academysystems.com/rentriter.html
Avoid rentrider / academy systems. System is from the 80's and support is lacking. Appfolio is a great option and they are always improving the software. I have been with Appfolio for about 5 years and dont have any complaints. They are owned by Citrix (gotomypc) so the service and support is great as well.
Title: Re: Property Management Software
Post by: thaber on August 07, 2017, 01:54:06 AM
They are owned by Citrix (gotomypc) so the service and support is great as well.
I had no idea. cool. very happy with them as well, September will be 4 years
Title: Re: Property Management Software
Post by: thaber on August 07, 2017, 01:56:11 AM
Any recommendations for a credit/criminal/evictions background check? Would prefer not having to have a site-visit.

TIA.
The companies run it through one of the big three, so you might want to work backward - decide who you like and then go from there. Most Owner Associations, RE boards, etc. offer some sort of screening service. Experian collects and provides prior eviction info which is super helpful.
Title: Re: Property Management Software
Post by: bubkiz on August 07, 2017, 09:12:18 AM
The companies run it through one of the big three, so you might want to work backward - decide who you like and then go from there. Most Owner Associations, RE boards, etc. offer some sort of screening service. Experian collects and provides prior eviction info which is super helpful.
Which company would you recommend?
Title: Re: Property Management Software
Post by: thaber on August 07, 2017, 09:48:54 AM
Which company would you recommend?
We use appfolio, don't really have any recommendations beyond that
Title: Re: Property Management Software
Post by: Zalc on November 09, 2017, 02:24:20 PM
Does anyone have experience with Entrata?
Title: Re: Property Management Software
Post by: Shmuel4 on December 19, 2017, 07:03:23 PM
We use appfolio, don't really have any recommendations beyond that
I am looking into Appfolio but we only manage a few units. Is there any way to get there software with less than 50 units.
Title: Re: Property Management Software
Post by: thaber on December 19, 2017, 07:41:44 PM
I am looking into Appfolio but we only manage a few units. Is there any way to get there software with less than 50 units.
Did you ask them?
Title: Re: Property Management Software
Post by: Shmuel4 on December 19, 2017, 09:14:26 PM
Did you ask them?
Yes - was told to call back when I have more units.  Maybe if someone with an established account calls they can get me on?  I will be managing a few hundred units in a few months and want this all set up now...
Title: Re: Property Management Software
Post by: thaber on December 19, 2017, 09:34:36 PM
Yes - was told to call back when I have more units.  Maybe if someone with an established account calls they can get me on?  I will be managing a few hundred units in a few months and want this all set up now...
If you have the details and are willing to pay for a few extra months you can set it up now.
Setting it up in my account won't help you, you'll have to redo it once you have your own
Title: Re: Property Management Software
Post by: Zalc on December 30, 2017, 10:27:35 PM
If you have the details and are willing to pay for a few extra months you can set it up now.
Setting it up in my account won't help you, you'll have to redo it once you have your own
Be aware that app folio cannot fully transfer a property from one account to another, they can only transfer the basics.

No ledger or any other financial components.
Title: Re: Property Management Software
Post by: thaber on December 30, 2017, 10:31:24 PM


Be aware that app folio cannot fully transfer a property from one account to another, they can only transfer the basics.

No ledger or any other financial components.

That's what I intended with

Setting it up in my account won't help you, you'll have to redo it once you have your own