Online Property Management Software

By
Real Estate Agent with RE/MAX Alliance - REMAX

I am tracking toward possibly moving my 43 property management accounts to my own entity.  I should have my broker's license by December.  I am researching online systems such as Appfolio, Buildium, Propertyware, etc.  My company uses Promas currently.  I can see having 80-100 accounts within 3 years or so.

3/4+ of my business is in the northeast part of Virginia Beach.  My average rent price is around $1,800/month.  I am fortunate to have great tenants overall.  I have had to pursue rents via the courthouse only 2 times in 14 years, the last being 8 years ago.  

I wish to have an EFT system for rent payments, owner access to monthly/yearly reports, and an online application process.  Cost effectiveness and ease of use are desirable of course.

Thanks for any insight you can give. -Mark

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Comments 4 New Comment

Rainer
6,251
Lucia Waibel-Sinkowitz
Rentoog
Terema Inc.

Hi Mark

Just read your post - you are certainly looking at some of the market leaders of online property management software. Congrats on your track record regarding rent collection, by the way.

We are also researching the 4 companies you mentioned, but for another reason: We have recently launched our online property management software called Rentoog at www.rentoog.com with one difference: we are offering it completely free of charge.

Our system offers owner access, cost effectiveness, and ease of use. At this time, we do not have an integrated EFT system or online application process.

However, we are constantly expanding our functionalities - what exactly are your requirements for an online application process?

We would be happy to work with you and discuss these requirements - it might be possible to include such functionality in one of our next releases. In the meantime, please feel free to go to our site, create an account, and check out our system. Your feedback is welcome!

Regards,

Lucia

Terema Inc.

www.rentoog.com

www.oogable.com

 

 

 

September 28, 2011 09:54 AM
Rainmaker
1,054,979
Wallace S. Gibson, CPM
LandlordWhisperer
Gibson Management Group, Ltd.

Mark * I also use PROMAS for 90+ units and have a HERO website.  GET REMOTE SCANNING for rent checks and deposits FIRST. 

I have a Merrill Lynch Wealth Management account and remote scan checks and get $$$ in interest on the account.  I can view checks online and get EXCELLENT service and almost immediate notification for NSF checks.

 

September 28, 2011 07:54 PM
Rainer
204,514
Mark Delgado
Benicia and Vallejo, Property Management, rental h
houses for rent, Solano County & Glen Cove
I like the remote scanning idea. I will look into that myself. We use Buildium, which JUST upgraded which is good because we had really outgrown the prior version.
September 28, 2011 11:19 PM
Rainmaker
1,054,979
Wallace S. Gibson, CPM
LandlordWhisperer
Gibson Management Group, Ltd.

Remote scanning requires a scanner - Panini which you can buy at Sam's or Costco I understand and the software that your bank may provide.  No more waiting at drive thru in rain for SLOW teller!!!!

September 29, 2011 05:25 AM
Rainmaker
165,166

Mark A. Moore

ABR - Virginia Beach Real Estate
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Mark's Virginia Beach Real Estate Blog, Discussing Virginia Beach, VA residential real estate sales and rentals. BLOG DISCLAIMER: The opinions expressed in the posts on this blog are those of the author only, and are not necessarily endorsed by the author's company or affiliated businesses. Any data provided is deemed accurate but not guaranteed. Opinions expressed in comments to this blog are not necessarily endorsed by the author. Mark's Featured Listing: Mark A. Moore

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