Property Management

Is Entrata Better Than SimplifyEm? See the 2025 Side-by-Side Comparison

Filed Under: Business Management, Features, Property Management, Property Management Software

Note: For latest information on Entrata feature set and capabilities please contact Entrata.

Choosing the right property management software in 2025 can make or break your ability to scale efficiently. While enterprise solutions like Entrata offer a robust ecosystem for large multifamily operators and student housing providers, SimplifyEm has emerged as a powerhouse designed specifically for small and mid-sized property managers—with features that rival the big players, minus the complexity.

In this article, we compare SimplifyEm and Entrata side-by-side across core areas like tenant management, CRM, accounting, online payments, and security, helping you decide which platform aligns best with your business.

Quick Comparison: SimplifyEm vs Entrata (2025)

Why SimplifyEm Works for Growing Property Managers

Although SimplifyEm is known for its simplicity and cost-effectiveness, it’s not a lightweight solution. It delivers enterprise-grade capabilities such as full GL accounting, CRM, online payments, and automated communications—but with a user-friendly interface tailored to small and mid-sized teams.

Unlike Entrata, which often requires dedicated onboarding teams, technical admins, and custom development for setup, SimplifyEm provides:

Minimal learning curve
No IT staff required
Quick setup in hours, not weeks
Instant access to features with no hidden layers

Whether you’re managing 20 or 500+ units, SimplifyEm scales with you—without forcing you to navigate through bloated menus or enterprise-only workflows.

Tenant Management: Powerful and Intuitive Entrata Vs SimplifyEm

SimplifyEm’s tenant management tools give you a complete lease lifecycle toolkit—from lease tracking and automated rent reminders to maintenance coordination and document storage.

Entrata is designed for large portfolios with complex workflows, but for smaller operators, it can be overly technical and require formal training to use effectively.

With SimplifyEm, you can:

Send automated reminders
Attach leases, inspections, and other tenant docs
Track rent, late fees, and delinquencies at a glance

Learn more about SimplifyEm’s tenant features.

CRM and Communication Hub: Enterprise Automation, Simplified Entrata vs SimplifyEm

SimplifyEm’s built-in CRM was developed to help property managers:

Track prospects and leads
Automate communication with tenants and owners
Send bulk messages through SMS, email, or both
Keep all conversations centralized with the Communication Hub

Entrata does offer a CRM, but it’s deeply embedded within its enterprise platform, requiring system configuration and time-consuming setup. SimplifyEm, by contrast, lets you start nurturing relationships from day one, using automation that’s intuitive, not intimidating.

Accounting Functionality: Full GL Power Without the Complexity Entrata vs SimplifyEm

SimplifyEm’s accounting suite offers:

General Ledger (GL) accounting
Trust accounting with bank reconciliation
1099 generation, owner statements, and tenant ledgers
Seamless QuickBooks integration

While Entrata’s accounting system is powerful, it caters more toward enterprise accounting teams with steep onboarding curves. SimplifyEm puts accounting power directly in the hands of owners and managers—no CPA needed to get started.

Online Payments: Simple, Fast, and Flexible Entrata vs. SimplifyEm

Rent collection is smoother with SimplifyEm:

Tenants can pay via credit card or ACH
No separate merchant account setup needed
Auto-pay and recurring payments supported
Payments sync directly to ledgers

Entrata supports robust payment workflows, but the setup is longer and more technical. SimplifyEm enables you to start collecting online rent in minutes—even if you’re just getting started.

Explore how SimplifyEm simplifies rent collection.

Security and Compliance: Enterprise Standards Made Accessible Entrata vs SimplifyEm

Security and compliance aren’t reserved for large corporations. SimplifyEm offers:

256-bit SSL encryption
PCI-compliant payment infrastructure
U.S.-based secure data centers
User role controls for staff and managers
Audit logs for transparent tracking

While Entrata also provides enterprise-grade security, it often requires IT involvement to configure access or customize data policies. SimplifyEm ensures you’re secure by default—without needing a tech team.

Frequently Asked Questions (FAQs) Entrata and SimplifyEm Comparison

Is Entrata good for small property managers?
Entrata is designed primarily for large-scale property managers, student housing providers, and enterprise-level portfolios. While powerful, it may be too complex and costly for small or mid-sized property managers without dedicated IT resources.
Does SimplifyEm offer features similar to enterprise software like Entrata?
Yes, SimplifyEm provides enterprise-level functionality—such as full GL accounting, CRM, trust accounting, and secure online payments—but in a simplified and more accessible format tailored to small and mid-sized property managers.
What makes SimplifyEm easier to use than Entrata?
SimplifyEm is built with simplicity in mind. There’s no need for custom onboarding or complex setups. You can start using features like accounting, CRM, and online rent collection right away, without specialized training or a dedicated tech team.
Can I try SimplifyEm before subscribing?
Yes, SimplifyEm offers a free trial so you can test all features before committing. Entrata, on the other hand, typically requires a demo with a sales team and does not offer a public free trial.
Is there a big pricing difference between Entrata and SimplifyEm?
Absolutely. SimplifyEm starts at under $1/unit, with transparent pricing listed publicly. Entrata requires a custom quote, which can vary significantly based on portfolio size, making it less predictable for smaller property managers.
Does SimplifyEm handle both ACH and credit card rent payments?
Yes, SimplifyEm supports both ACH and credit card payments and even allows recurring payments without needing a separate merchant account. It’s quick to set up and easy for tenants to use.
Can I switch from Entrata to SimplifyEm easily?
Yes. SimplifyEm offers customer support and data migration assistance to help property managers transition from other platforms like Entrata with minimal disruption.

Sources
U.S. Small Business Administration – Guide on Managing Rental Properties

HUD – Tenant Rights and Responsibilities

Buildium Vs SimplifyEm: Property Management Software Comparison

Filed Under: Business Management, Features, Property Maintenance, Property Management, Property Management Software

Note: For latest information on Buildium feature set and capabilities please contact Buildium.

Choosing the right property management software in 2025 can make or break your rental business—especially when juggling accounting, rent collection, maintenance, and tenant communications. Two of the most recognized tools in the space are Buildium and SimplifyEm, each with strengths tailored to different types of property managers.

Whether you’re an independent landlord with 20 units or a property manager overseeing thousands, this guide compares Buildium vs SimplifyEm on key factors to help you find the best fit for your needs.

Quick Comparison: SimplifyEm Vs Buildium

For a quick side-by-side look at features, pricing, support, and best use case, see the table below:

Tenant Management: SimplifyEm vs Buildium

Both SimplifyEm and Buildium offer solid tenant management tools. Buildium includes Tenant portals, eLeases, Automated communication workflows, and lease tracking, It’s designed for high-volume property operations and supports more complex tenant needs.

SimplifyEm has all those capabilities to support the large property manager as well.

SimplifyEm can also keep things simple and highly usable for independent landlords and small portfolios. It offers automated rent reminders, easy lease tracking, and a tenant portal that simplifies communication and rent collection. For landlords who want straightforward tools without the bloat, SimplifyEm delivers powerful functionality in a user-friendly package.

CRM Capabilities: SimplifyEm vs Buildium

When it comes to CRM (Customer Relationship Management), Buildium stands out with a full-featured lead-to-lease system designed to support leasing agents. It offers pipeline tracking from lead to lease, automated follow-ups, and integration with marketing platforms—perfect for teams managing lots of properties and multiple prospects.

SimplifyEm has all those capabilities to support large property managers as well. SimplifyEm is also unique in providing a communication center that centralizes all communication across email, SMS and Phone.

SimplifyEm can also provide a simpler experience for the smaller property manager. Its CRM capabilities are streamlined for solo landlords or small teams who want to track basic prospect and tenant contact information without managing a complex sales funnel.

Accounting Functionality: SimplifyEm vs Buildium

Accounting is a core strength for both platforms. Both Buildium and SimplifyEm offer built-in trust accounting, automatic rent tracking, 1099 eFiling, and DRE-compliant reports—critical for landlords operating in regulated states like California. Its reports are clean, clear, and easy to generate without an accounting background. Both SimplifyEm and Buildium provide a more customizable and robust accounting system that supports bank reconciliations, owner statements, and detailed transaction histories. Both SimplifyEm and Buildium provide a thorough and customizable chart of accounts and audit tracking of all transactions.

Summary of Buildium functionality

Buildium is a feature-rich solution for mid-sized property managers. It has all the features and support needed for any situation with automated and customizable workflows. Buildium’s accounting, CRM, Tenant, and online payment functionality are comprehensive and can meet the needs of mid-sized property managers.

Summary of SimplifyEm Functionality

SimplifyEm is also a feature-rich solution, but it can support small and large property managers equally. It has all functionality required for large property managers including a full accounting, CRM, Tenant Management, Online Payment capabilities.

The one difference is SimplifyEm can also be used by smaller property managers with simpler needs. One of the distinguishing features of SimplifyEm is you don’t have to setup nor use all the features provided for the software to be useful.

If you’re a large property manager managing thousands of units and you need to set up your own customized chart of accounts, have an audit log of all activities, do monthly automated 3 way reconciliations, you can fully setup SimplifyEm and use it equally well.

SimplifyEm’s customer WOW support is here to help you every step of the way.

Frequently Asked Questions (FAQs) on Buildium and SimplifyEm Product Comparison

Which software is better: Buildium or SimplifyEm?
While both SimplifyEm and Buildium are great for mid-sized property management businesses. SimplifyEm is also appropriate for smaller property managers with simpler needs at a lower price point.
What is property management software?
Property management software helps property managers manage the financials for rental properties, along with managing the tenants, owner, vendor and trust bank accounts. Including managing their financials and also communications.

Sources:

https://www.nist.gov/cyberframework

https://www.irs.gov/filing/information-returns

Appfolio vs SimplifyEm: Property Management Software Comparison

Filed Under: Business Management, Features, Property Maintenance, Property Management, Property Management Software

Note: For latest information on Appfolio feature set and capabilities please contact Appfolio.

Choosing the right property management software in 2025 can make or break your rental business—especially when juggling accounting, rent collection, maintenance, and tenant communications. Two of the most recognized tools in the space are Appfolio and SimplifyEm, each with strengths tailored to different types of landlords.

Whether you’re an independent landlord with 20 units or a property manager overseeing thousands, this guide compares Appfolio vs SimplifyEm on key factors to help you find the best fit for your needs.

Quick Comparison: SimplifyEm Vs Appfolio

For a quick side-by-side look at features, pricing, support, and best use case, see the table below:

Tenant Management: SimplifyEm vs Appfolio

Both SimplifyEm and Appfolio offer solid tenant management tools. Appfolio includes advanced lease tracking, automated communication workflows, and robust tenant portals that allow residents to submit maintenance requests, view payment history, and message managers directly. It’s designed for high-volume property operations and supports more complex tenant needs.

SimplifyEm has all those capabilities to support the large property manager as well.

CRM Capabilities: SimplifyEm vs Appfolio

When it comes to CRM (Customer Relationship Management), Appfolio stands out with a full-featured system designed to support leasing agents and large property teams. It offers pipeline tracking from lead to lease, automated follow-ups, and integration with marketing platforms—perfect for teams managing dozens of properties and multiple prospects.

Accounting Functionality: SimplifyEm vs Appfolio

Accounting is a core strength for both platforms. Both Appfolio and SimplifyEm offer built-in trust accounting, automatic rent tracking, 1099 eFiling, and DRE-compliant reports—critical for landlords operating in regulated states like California. Its reports are clean, clear, and easy to generate without an accounting background. Both SimplifyEm and Appfolio provide a more customizable and robust accounting system that supports bank reconciliations, owner statements, and detailed transaction histories. Both SimplifyEm and Appfolio provide a thorough and customizable chart of accounts and audit tracking of all transactions.

Summary of Appfolio functionality

Appfolio is a feature-rich solution for large-scale property managers. It has all the features and support needed for any situation with automated and customizable workflows. Appfolio’s accounting, CRM, Tenant, and online payment functionality are comprehensive and can meet the needs of large property managers.

Summary of SimplifyEm Functionality

If you’re a small property manager that wants to keep track of income, expense, tenant balances and send automated owner reports. You can just set up those modules and not worry about banking, accounting and other modules if you so choose.
If you’re a large property manager managing thousands of units and you need to set up your own customized chart of accounts, have an audit log of all activities, do monthly automated 3 way reconciliations, you can fully setup SimplifyEm and use it equally well.

SimplifyEm’s customer WOW support is here to help you every step of the way.

Frequently Asked Questions (FAQs) about SimplifyEm and Appfolio Comparison

Which software is better: Appfolio or SimplifyEm?
While both SimplifyEm and Appfolio are great for large property management businesses. SimplifyEm is also appropriate for smaller property managers with simpler needs at a lower price point.
What is property management software?
Property management software helps property managers manage the financials for rental properties, along with managing the tenants, owner, vendor and trust bank accounts. Including managing their financials and also communications.

Sources:

https://www.federalreserve.gov/paymentsystems/fr-payments-study.htm

https://www.pewresearch.org/short-reads/2021/08/02/as-national-eviction-ban-expires-a-look-at-who-rents-and-who-owns-in-the-u-s/

What to Look for in Property Management Accounting Software: Essential Features Explained

Filed Under: Business Management, Features, Property Management, Property Management Software

Why Property Management Accounting Matters

Managing rental properties isn’t just about collecting rent—it’s about staying on top of your finances. If you’re a landlord or property manager, you need to know where your money is going, what’s coming in, and how to stay compliant with the law. That’s where property management accounting software comes in. But with so many options, how do you choose the right one?

This guide breaks it down in plain English. You’ll learn the basics of property management accounting, the must-know terms, and the top features to look for—plus how SimplifyEm can make it all easier.

1. What Is Accounting?

Accounting is simply the process of tracking money. It shows how much you earn, how much you spend, and what you owe. Every business uses accounting to make smart financial decisions.

2. What Is Property Management Accounting?

Property management accounting is a specialized type of accounting. It’s designed for rental properties and covers everything from rent collection to maintenance costs and owner payments. It also helps you follow legal rules, file taxes, and keep your books in order.

SimplifyEm handles all the accounting for you in an easy to use manner. You just enter the checks that come in and payments you make.

3. Key Property Management Accounting Terms (Made Simple)

Here are some important words you’ll see often. Don’t worry—we’ll keep it simple.

Accounting Period

The time you track finances for—usually monthly or yearly.

Accounts Payable

Money you owe, like repair bills or vendor invoices.

Accounts Receivable

Money owed to you, such as unpaid rent.

Accrual Accounting

Records money when it’s billed or earned—not when it’s paid.

Allocation

Splitting up income or costs between properties, units, or rent due.

Asset

Anything valuable your business owns.

Bookkeeping

Keeping track of daily income and expenses.

Bank Reconciliation

Making sure your records match your bank statement.

Cash Accounting

You record income or expenses only when money changes hands.

Chargeback

When a fee or payment is reversed.

Chart of Accounts

A list of categories used to organize finances. Common ones include:

Assets
Liabilities
Equity
Income
Expenses

NARPM Chart of Accounts

A standard layout many professional managers use, approved by the National Association of Residential Property Managers (NARPM).

Credit / Debit

Credits usually increase income or reduce expenses. Debits are the opposite.

Depreciation

Loss of value over time (think appliances or furniture).

Equity

Your ownership value after debts are paid.

Expense

Money spent to operate the property—repairs, utilities, etc.

Fixed Cost

A regular cost that doesn’t change, like insurance.

General Ledger (G/L)

A full record of all financial transactions.

GAAP

Rules for how businesses should handle accounting. It stands for Generally Accepted Accounting Principles.

Liability

Money you owe—like a loan or unpaid bill.

Overhead

Everyday business costs, like office rent or software.

Revenue

The money you bring in—mostly from rent.

4. Cash vs. Accrual: Which Accounting Method Is Best?

There are two main methods:

Cash accounting: Record money when it’s paid or received. It’s simple and great for small landlords.
Accrual accounting: Track income and expenses when they’re billed—even if no money has moved. It gives a clearer picture of your finances.

Tip: The IRS usually allows landlords to use cash accounting. For more details, check out the IRS rental income guide. SimplifyEm will allow you to see your accounting in a cash or accrual basis, it keeps track of things both ways without any extra work on your part.

5. Trust Accounting: Keep Owner and Tenant Money Safe

Many states require trust accounts to hold tenant rent or security deposits. These accounts must be separate from your business account and follow state rules.

For example, in California, property managers must open a trust account and follow strict reporting rules. Here’s a helpful guide from the CA Department of Real Estate.

SimplifyEm has built-in tools that support trust accounting and help you stay compliant in an automated manner.

6. Tracking Tenant Balances

Accurate tenant records are a must. Look for accounting software that tracks:

Rent paid and due
Late fees
Security deposits
Credits and refunds

With SimplifyEm, tenant balances are automatically updated and easy to access anytime.

7. Owner Statements and Payouts

If you manage properties for others, you’ll need clear records for them too. Good accounting software should:

Generate monthly owner statements
Track income and expenses by property
Handle automated owner payouts
Help with tax forms like 1099s

SimplifyEm does all this and more, giving owners access through their own secure portal.

8. How SimplifyEm Makes Property Management Accounting Easy

SimplifyEm was built for landlords and property managers who want smart features—without a big learning curve. Here’s what you get:

Automated rent tracking and bank syncing
Trust accounting support for state compliance
Customizable chart of accounts, that supports NARPM standards
Owner and tenant portals
One-click reports and 1099 eFiling

Bonus: It’s affordable and comes with free customer support.

Frequently Asked Questions (FAQs) about Property Management Accounting

What is property management accounting?
It’s the process of tracking rent, expenses, deposits, and owner payouts in rental property businesses.
What is the best accounting software for property managers?
SimplifyEm is a top choice for its ease of use, trust accounting tools, and landlord-friendly pricing.
Should I use cash or accrual accounting?
Cash accounting is best for most small landlords. Accrual is better for larger portfolios or when you need a full financial picture.
Are trust accounts required?
In many states—yes. Check your state’s real estate rules to be sure.

Sources:

https://www.irs.gov/taxtopics/tc414

https://www.dre.ca.gov/files/pdf/re25.pdf

The Importance of Providing Online Rent Payment to Your Property Management Business

Filed Under: Features, Property Management, Property Management Software, Tenant Management

What is Online Rent Payment?

Online rent payment refers to the digital processing of rental transactions, allowing tenants to pay rent electronically instead of using traditional methods like cash or checks. This process is typically facilitated through property management software or dedicated rent payment platforms. Payment options often include ACH bank transfers, debit/credit cards, and digital wallets, ensuring tenants have flexible ways to pay.

Why is it Important to Provide a Rent Payment Portal to Your Tenants?

Offering an online rent payment portal provides multiple advantages for both property managers and tenants. Here’s why it’s essential:

1. Faster and More Reliable Rent Collection

Reduces late payments with automated reminders and recurring payments.
Provides instant processing for faster fund transfers.
Minimizes the risk of lost or bounced checks.

2. Improved Efficiency and Reduced Administrative Work

Eliminates manual check handling and trips to the bank.
Integrates with accounting systems for seamless bookkeeping.
Automates record-keeping to reduce errors and save time.

3. Increased Tenant Satisfaction

Provides a hassle-free, 24/7 payment option.
Enables auto-pay to prevent missed deadlines.
Ensures secure transactions with encrypted payment processing.

4. Enhanced Security and Compliance

A 2022 U.S. Census Bureau report states that over 78% of renters prefer paying rent online. Additionally, the National Multifamily Housing Council (NMHC) reports that over 80% of property managers now provide digital payment solutions, reflecting industry-wide adoption.

Online rent portals use bank-grade encryption and PCI-compliant security protocols to protect sensitive data, ensuring that transactions remain secure and fraud risks are minimized.

What Kind of Features Should Your Online Payment Portal Provide?

Not all rent payment portals are created equal. The best systems offer features that enhance convenience, security, and automation. Here are the must-have features:

Pay via Computer or Mobile App

Tenants should be able to pay rent conveniently from their laptops, tablets, or mobile devices.
Mobile-friendly design ensures payments can be made anytime, anywhere.
Payment notifications and reminders can be sent via email or push notifications.

Easy, Quick Setup Without a Merchant Account

Unlike platforms such as AppFolio, Buildium, and DoorLoop, SimplifyEm allows property managers to start collecting rent instantly.
No need to set up third-party merchant accounts.
Fast integration with existing property management workflows.

Allow Tenants to Pay via ACH and Credit Card

Supports ACH (bank transfers) for lower transaction fees.
Accepts credit and debit card payments for flexibility.
Ensures secure and encrypted transactions for both landlords and tenants.

Allow Expedited Payments

Tenants can opt for same-day or next-day payment processing if they need to make a last-minute payment.
Reduces the risk of late fees and eviction proceedings.
Offers landlords the ability to receive funds faster to maintain steady cash flow.

Auto Payment Setup

Allows tenants to set up automatic monthly payments to avoid missed due dates.
Eliminates manual processing for landlords, ensuring consistent on-time payments.
Configurable options to customize recurring payments based on lease terms.

Update Payment When Lease Terms Change

Automatically adjusts payment amounts when lease agreements are renewed or modified.
Ensures tenants are billed the correct amount, preventing overpayments or disputes.
Provides a clear payment history for transparency.

Control When and How Much Payment Can Be Made in an Eviction Situation

Allows property managers to restrict payment options if a tenant is in the eviction process.
Provides the ability to control partial payments to comply with local regulations.
Prevents tenants from making unauthorized payments that might complicate legal proceedings.

How Can SimplifyEm Help You with Online Rent Payments?

SimplifyEm provides a robust and user-friendly online rent payment system that includes all the essential features property managers need. Here’s how SimplifyEm supports each key feature:

Pay via Computer or Mobile App

Tenants can easily access their accounts and make payments from any computer, tablet, or mobile device.
The mobile-friendly interface ensures payments can be made on the go, with no need for downloads.
Automated reminders help tenants stay on top of due dates.

Easy, Quick Setup Without a Merchant Account

Unlike AppFolio, Buildium, and DoorLoop, SimplifyEm does not require third-party merchant accounts.
Property managers can start accepting rent payments within minutes.
No complex integrations—just plug and play.

Allow Tenants to Pay via ACH and Credit Card

Supports both ACH bank transfers and credit/debit card payments.
Offers secure encryption for all transactions.
Landlords receive real-time payment notifications.

Allow Expedited Payments

SimplifyEm provides same-day and next-day processing options.
Tenants can make urgent payments to avoid late fees.
Landlords can receive rent funds faster than traditional banking methods.

Auto Payment Setup

Tenants can enable auto-pay to ensure rent is always paid on time.
Customizable payment frequencies based on lease agreements.
This reduces late rent payment

Update Payment When Lease Terms Change

Automatically adjusts rent amounts when lease terms are updated.
Ensures smooth transitions during lease renewals.
Keeps both tenants and property managers informed with real-time updates.

Control When and How Much Payment Can Be Made in an Eviction Situation

SimplifyEm allows landlords to block or limit payments from tenants in eviction proceedings.
Prevents tenants from making partial payments that could interfere with legal actions.
Provides customizable payment restrictions per property.

Frequently Asked Questions (FAQs) about Online Rent Payment Functionality

Is online rent payment secure?
Yes! SimplifyEm uses bank-grade encryption and PCI-compliant security to protect all transactions. Payments are processed through secure gateways to prevent fraud, and multi-factor authentication (MFA) ensures that only authorized users can access the system. Additionally, built-in fraud detection systems monitor transactions for any suspicious activity, ensuring peace of mind for both tenants and property managers.
Can tenants set up recurring payments?
Absolutely! SimplifyEm offers an automated payment feature that allows tenants to schedule recurring payments. This eliminates the risk of forgetting rent deadlines, helps tenants avoid late fees, and provides property managers with a more consistent and reliable cash flow. Tenants can set up their payments in just a few clicks through their account dashboard, adjusting schedules as needed.
Are there any fees for online rent payments?
Fees vary depending on the payment method used. ACH bank transfers typically come with lower fees, making them a cost-effective option for tenants. Credit and debit card payments may incur processing fees, which can be passed on to tenants if desired. Property managers can configure who covers transaction fees and view a breakdown of costs through SimplifyEm’s payment management dashboard.
How quickly are funds deposited into my account?
Funds from ACH transactions are usually deposited within 1-3 business days, while credit card transactions may process faster. SimplifyEm also offers expedited payment processing, allowing property managers to receive funds the next business day when eligible. This ensures a steady cash flow and reduces financial strain caused by rent payment delays.
Can I block partial rent payments from tenants in eviction situations?
Yes! SimplifyEm provides property managers with full control over payment acceptance. If a tenant is undergoing eviction, landlords can restrict payments to prevent partial payments that could interfere with legal proceedings. The system allows you to set payment restrictions per lease agreement, ensuring compliance with eviction laws while keeping records organized.

Sources:

https://www.forbes.com/councils/forbesfinancecouncil/2024/06/03/digital-payments-and-the-property-management-connected-economy/

https://www.globest.com/2021/01/06/online-payment-options-help-boost-rent-collections/?slreturn=20250320155532

What to Look for in Tenant and Lease Management Software

Filed Under: Property Management, Property Management Software, Tenant Management

The core responsibility of a property manager is to find great tenants, collect rent from tenants, manage their needs, and finally make sure they move out of the unit in a legal manner.

Great tenant and lease management software should allow you to do this in an easy, automated way that also makes sure you’re following all rental laws and regulations.

It’s especially important because according to California government data and Transunion it can cause thousands of dollars evicting a bad tenant in legal fees, lost rent and property damage.

What is lease management software?

A comprehensive lease management software should be easy to use and comprehensive to handle every situation throughout the lifetime of a tenant:

Find and onboard tenant:

Vacancy Advertisement
Rental Application with E-signature
Tenant Screening
Legal Lease Forms with E-Signature
Cleaning and turnover of a unit
Move In Form to get agreement on condition of property

Managing active tenants:

Collecting, recording rent collection
Accurate tenant balance bookkeeping
Communication with tenant about their rent status, maintenance issues, legal communication of status via Rent Receipts, Late Rent Notice, Details Balance History
Online rent collection – Automated and ease of use for tenant

Moving out tenants:

Record move out date
Accounting of Security Deposit Disposition
Move Out pictures and form to get agreement on condition of property
Automatic check for SD refund

How SimplifyEm can help you with tenant and lease management?

Simplifyem allows you to handle any situation you could have with a tenant in an all-inclusive package that is affordable and easy to use.

Finding and onboarding tenants

When a property manager has a vacant unit, their main goal is to get the unit ready for occupancy, find a great tenant for that property, and get them to sign a legal lease at optimal rent. So they can start collecting money instead of having that property not earn income. SimplifyEm can help you each step of the way.

Vacancy Advertisement – You want to be able to create an eye-catching advertisement that gets published on major rental websites so you get the maximum number of qualified applicants for that property.

Rental Application – You want to be able to have a legal rental application (supplied by the system or use your own) that is online and supports e-signature. You should also be able to collect application fees online.

Tenant Screening – You should be able to get a full credit, criminal and eviction history report on any applicant to make sure it matches what their rental application depicts.

Legal Lease – You want to be able to have available a legal lease appropriate to your state (supplied by the system or use your own) that is online and supports e-signature. You should also be able to collect security deposits online.

Turnover unit – You want to be able to manage all vendors and quickly turnover units, completing all cleaning and repairs as fast as possible to make the property rentable quickly.

Move-In form – Finally, you want a legal form agreement between the property manager and tenant as to the state of the property as they move in. So it’s clear any damage done by the tenant after move-in is their responsibility.

Managing active tenants

When you have a tenant in a unit, the main focus becomes collecting rent on time, maintaining accurate bookkeeping on the tenant’s balance, and communicating with the tenant about rent status or any property maintenance issue. SimplifyEm can help you each step of the way.

Collect and record rent – The most important task with an active tenant is to collect their rent and record it in your bookkeeping system.

Accurate tenant balance bookkeeping – Once money is collected, you should have accurate bookkeeping of what it’s for and what is still owed. Did you know April rent and April late fees are still owed? If you ever go to court, you have to be able to show exactly what the tenant owes you money for: Which month rent is still owed? Are there Late fees owed? Are their expenses charged to tenants that have not been paid? You need a system that can easily detail this out.

Communication with tenants – You need the ability to communicate with your tenants in multiple ways: email/SMS/Phone and have historical recording of all communications in a single place. The ability to use standard forms for communicating with tenants, such as tenant invoices, rent receipts, late rent notices, notice to vacate, lease renewal notices, is critical.

Online Rent Collection – Using paper checks is becoming less popular. More tenants want the ability to pay online via ACH or Credit Card. Also, if it can be set up to be automated based on the lease terms so neither the tenant nor property manager has to do anything and rent always gets deposited on time, that is a great service to provide.

Moving out tenants

One of the most critical phases of managing a tenant is when they’re leaving your rental property. You have to make sure you refund the appropriate security deposit back to them, with bullet-proof accounting of any money you’re keeping and exactly what it’s for. You have also made sure to record exactly that status of property in a move out report with signatures from the property manager and tenant. Simplifyem can help you each step of the way.

Move Out Tenant – To move out the tenant in a legal manner, you have to record the exact date of move out, how much security deposit you’re returning, and how much of the security deposit you’re keeping. With detailed bookkeeping of exactly what the money you’re keeping is being used for.

Move Out Picture and forms – You should record exactly the state of the property when the tenant moved out and a signature from you and the tenant.

SimplifyEM is a cost-effective and easy to use property management software, that provides all aspects of tenant management:

Frequently Asked Questions (FAQs) On Lease Management Software

What is lease management software?
Lease management software helps you automate all aspects of dealing with tenants. Starting from when they move-in, to when they’re living in the unit, and finally when they move out.

It should make your property management tasks easier and also make sure you’re in legal compliance. It should help you deal with all the scenarios you could have to deal with your tenants.
What key features should lease management software have?
Tenant and lease management software should deal with the full lifecycle of managing tenants:
- Finding a tenant for a vacant property
- Managing a tenant in an occupied property.
- Moving out a tenant from a rented property.
Some of the key events the lease management software should be able to handle are:
- Advertise vacancy
- Rental application
- Tenant screening
- Legal lease forms
- Move in forms
- Collecting and recording rent
- Online rent collection
- Tenant balance bookkeeping
- Tenant Communication with legal forms (rent invoice, rent receipts, late rent notice, notice to vacate)
- Move out forms
- Security deposit dispensation

Sources:

https://selfhelp.courts.ca.gov/eviction-landlord

https://www.mysmartmove.com/blog/true-cost-eviction