Which is the best property management software?

Which is the best property management software?

0:01 AM, 19th March 2024, About 4 months ago 5

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Hello, I am a commercial and residential landlord; I have 60 properties in 5 limited companies and am looking for recommendations for the best property management software to assist me in running the business.

I would like assistance with rent collection, reminders and storage of EPC’s, electric and gas certs, HMO and residential licences, lease renewals and the production of management reports/cash flows etc.

Does anyone have any recommendations? What do other landlords use?

Thank you,

David

Editors Note: We recommend using the property management software Lendlord. Lendlord provides a centralized platform for managing all aspects of your property portfolio. From rent collection and tenant communication to tracking and managing your cash flow. To find out more click here 


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Small Portfolio Landlord

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13:29 PM, 19th March 2024, About 4 months ago

Hi David
There are quite a few programmes out there and more coming out almost daily it seems. I'v used 3 of them.
Alphaletz will do everything you ask and I used it all last year. However, I'm not comfortable with the bank reconciliation system which can be a bit laborious. It will manage all your certifications, insurances, etc along with your portfolios and tenants. The interface is good too.
Landlord Vision has been around for a long time and does everything you ask and more. It has a pleasant interface and is certainly worth a demo at the very least.
The one I'm using going forward, (at least for the coming tax year), is Lendlord. The interface is more basic, but it does everything I want and more quickly. It also has the option to source mortgages and search for properties which I find very useful too.
If I were you, I'd do a search for property-related MTD apps and shortlist a few, then arrange demos - and I'd do it before the end of the month so I could put the whole of a financial year into it.
Good luck with whichever you choose and if you do take one from above, please mention my name!

GlanACC

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14:16 PM, 20th March 2024, About 4 months ago

I had 18 properties and only used EXCEL and SAGE (I do have a lot of technical computer experience though)

Richard Jackson

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7:56 AM, 23rd March 2024, About 4 months ago

Alphaletz is perfect for this and now has auto rent reconciliation with new Bank Rules. It’s free for the first three properties and very simple to use.

GlanACC

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18:35 PM, 25th March 2024, About 4 months ago

Bear in mind the following

Businesses, self-employed people and landlords will be required: to operate MTD from 6 April 2026 in relation to their trading and property income chargeable to Income Tax and Class 4 National Insurance contributions, if their total qualifying income from these income sources for a tax year exceeds £50,000

So there must at least be proposals for any software to support this

Sarah H

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9:23 AM, 26th June 2024, About 2 weeks ago

Hi David,

As a landlord, I would highly recommend Re-Leased software as they also integrate with accounting softwares.
Very user friendly system and is also geared towards commercial and residential with the Service Charge management etc

I would suggest requesting demos and assessing what works for you best

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