Cloud based landlord software?

by Readers Question

15:07 PM, 6th March 2017
About 2 years ago

Cloud based landlord software?

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Cloud based landlord software?

I am looking for a cloud based software to run my family portfolio of properties. I use spreadsheets mainly, but find it confusing to split sensibly the costs and so time consuming! cloud

I wondered if there was any new updates to the 2013 discussion that covered Quicken 2002, Xero, Landlord Property Portfolio Software.

Any hints would be greatly received!

Many thanks

Pippa



Comments

Neil Patterson

15:23 PM, 6th March 2017
About 2 years ago

For reference please see the following article mentioned:

What accountancy software do landlords use?

07/11/2013

Hi all, I’m fairly new to property investing and brand new to this site. Thanks Property Geek, Rob Dix, for your podcast on Mark Alexander that pointed me here. Quick question; what accountancy software does this community recommend? I currently only have three properties, but plan to scale to a lot more. I use spreadsheets

See >> https://www.property118.com/what-accountancy-software-do-landlords-use/44818/

Darlington Landlord

0:35 AM, 7th March 2017
About 2 years ago

I use EZPZ Landlord which provides accounts as well as property management.

It's easy to allocate expenses by property and get reports of what you have spent per property or tradesman/supplier, and forecast rents and get reminders of, for example gas checks due.

It does help if you are familiar with the concept of nominal account codes.

Robert Mellors

10:42 AM, 7th March 2017
About 2 years ago

I have been using the free software provided by the Property Hawk website (I think the software is called Property Manager 3s), but as my portfolio has grown, I have found this to be a bit too slow and it does not do all I need it to do.

I also use Xero accountancy software, and Property Hawk does not integrate with this.

I am now considering moving to the "Arthur Online" cloud based software as this looks very comprehensive and it does integrate with cloud based accountancy software such as Xero. see http://www.arthuronline.co.uk/ It is also costed per property/unit so if very affordable, whatever your portfolio size, compared to some other property management software.

Bill O'Dell

10:48 AM, 7th March 2017
About 2 years ago

Smart Property Manager works for me - http://www.smartpropertymanager.com
It has Bank Reconciliation, Tenant management, Property management and also produces Tax Working Sheets for properties or groups of properties. It also includes management of gas and electrical certificates etc and has notifications although I don't use this. The first user and I think 10 properties are free, but it is sometimes worth paying the 12 pcm to get support if you need it and them you can add more users and properties.
It depends on how sophisticated you want your accounts to be really. This does all you need for your SA Tax return without loads of fancy reports that you won't use.

Michael Barnes

10:52 AM, 7th March 2017
About 2 years ago

Before you leap, check that they will be incorporating features to meet the Making Tax Digital requirements.

Also, what do you mean by "split the costs"?

Pippa Watson

11:46 AM, 7th March 2017
About 2 years ago

Thanks Michael, I look after my 6 members of my family so I need to split costs per property per person

Pippa Watson

11:48 AM, 7th March 2017
About 2 years ago

Reply to the comment left by "Bill O'Dell" at "07/03/2017 - 10:48":

Thanks all, so many new technologies come out all the time and its great to hear of the ones that can do pretty much everything I will need.

Rob Crawford

12:16 PM, 7th March 2017
About 2 years ago

Quite frankly, with only three properties I would stick with a excel spread sheet. The reason for this is that unless you are using a given software programme all the time you will need to keep reminding yourself how it works. Maybe if you had 15 properties it would be worth the monthly charges. Most software programmes aim to be a complete solution and will require you to enter a lot of data. Very time consuming duplication of paper work that you will already have. You can't take short cuts and it's often difficult to get an overall snapshot that is offered by a spread sheet. That's my thoughts anyway!

Chris Novice Shark Bait

12:42 PM, 8th March 2017
About 2 years ago

Surprised so little mention of UK Landlords Property Tax Manager Software - Property Tax Portal
https://www.property-tax-portal.co.uk/landlords_property_tax_manager.shtml
Landlord Property Tax Manager is an easy to use and powerful piece of software that is guaranteed to save you time, money and effort when it comes to ...

Been using it for 10 years, evolving all the time, highly integrated system that can link into bank accounts etc. Useful reports and instant tax and CGT calculators, drifting to cloud based system for those that want. It is not free but costs are reasonable. Take a look.

Kate Mellor

20:16 PM, 9th March 2017
About 2 years ago

I'm currently looking at buying Landlord Vision. It seems like a really thorough package. Has anyone used this before? I have 51 tenancies to manage (21 of my own and 30 of my parent's in law's)

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