Online Property Management Software

Real Estate Agent with RE/MAX Alliance - Referral Co.

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

Comments (4)

Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA

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.


Sep 28, 2011 12:54 PM
Mark Delgado
houses for rent, Solano County & Glen Cove - Benicia, CA
Benicia and Vallejo, Property Management, rental h
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.
Sep 28, 2011 04:19 PM
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA

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!!!!

Sep 28, 2011 10:25 PM