Property management is a complex task that requires efficient and effective software to handle daily tasks. Over the years, property management software has evolved to make the lives of landlords and property managers easier. However, acquiring a good property management software can prove to be a costly affair. That’s where free property management software comes in to save the day. This article will take you through everything you need to know about free property management software.
1. What is free property management software?
Free property management software is software that is offered to landlords and property managers for free. It has all the features that a regular property management software has and is not low quality or lacking in features. It includes features such as accounting, leasing, rent payments, maintenance requests, tenant screening, and online payments.
2. Features of free property management software.
Free property management software has features that vary from one software to another. However, some of the essential features that are included in the software include rent payment management, maintenance request management, tenant screening, and online payments. The software also comes with an accounting feature that helps landlords to keep track of their expenses and income. Also, they offer management over multiple properties with separate digital files for each. The software’s features can be tailored to meet the landlord or the property manager’s needs.
3. Pros of using free property management software.
The primary advantage of using free property management software is the cost-effectiveness. It saves landlords and property managers from the high cost of acquiring a property management software. Additionally, the free software has all the features of the paid property management software. The software allows landlords and property managers to handle their tasks efficiently and with less hassle. Also, you are not bound to use a certain service or company or a particular contract whichever is implemented on your software.
4. Cons of using free property management software.
One disadvantage of using free property management software is that it may not be appropriate for large scale management. Free software is suitable for small scale property management. Large scale property managers may need a more tailored and advanced version, which is not offered for free. The software may also have limited customer support as more premium software has. Also, the free property management software may lack updates and security patches, which makes it a security and performance risk. However, the security risk can be minimized by always using a trusted source to acquire the software.
5. Best free property management software.
There are many free property management software in the market that landlords and property managers can use. Some of the best free property management software includes Landlord Studio, Avail, and Flatchat. Landlord studio is suitable for iOS users while Avail and Flatchat are suitable for android and desktop users. The software is efficient and offers robust features for free. It is advisable to try out the different software before settling on one to make sure it has the features that suit your needs.
In Short:
Free property management software has become a viable option for property managers and landlords. The software is cost-effective and comes with features that were previously only available in paid property management software. However, landlords and property managers must choose the right software that caters to their needs. It is also important to note that the free property management software may have limited customer support, lack updates, and may be limited to small scale property management. Therefore, landlords and property managers need to weigh the pros and cons before choosing free property management software.
