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Property Management

SimplifyEm vs TenantCloud: Which Property Management Software is Best for You in 2025?

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

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

Property management software has become essential for landlords and property managers looking to streamline operations, improve tenant relations, and stay on top of finances. Two popular solutions in 2025 are SimplifyEm and TenantCloud—each offering distinct approaches to property management.

Whether you’re a small landlord managing a few units or a mid-sized property manager overseeing a growing portfolio, choosing the right software can make all the difference. This side-by-side comparison will help you decide which platform best suits your needs.

Quick Comparison Table of SimplifyEm and TenantCloud

Here’s a snapshot of how SimpifyEm and TenantCloud stack up:

SimplifyEm TenantCloud Comparison

SimplifyEm Overview

SimplifyEm is built for property managers and landlords who value simplicity, transparency, and flexibility. Whether you’re managing 5 units or 500, SimplifyEm lets you use only the subsystems you need—like rent tracking, tenant management, or maintenance—without unnecessary complexity.

Key Strengths:

  • Transparent flat-rate pricing starting at $25/month.
  • Full accounting suite: General Ledger, Chart of Accounts, Journal Entries.
  • Integrated online rent collection.
  • Efficient maintenance management.
  • WOW Customer Support via phone, email, and chat.
  • Scalable for small landlords and mid-sized property managers.

Learn more about SimplifyEm’s features
 SimplifyEm Pricing
 Contact Support

TenantCloud Overview

TenantCloud offers a cloud-based, flexible platform designed for landlords and property managers who prefer a modular, customizable solution. With a freemium model, users can start for free and add features as their needs evolve.

Key Highlights:

  • Tiered plans with optional add-ons.
  • Modern, customizable interface.
  • Basic accounting tools with QuickBooks Online integration.
  • Tenant portal supporting online payments.
  • Maintenance request management with service bidding.
  • Integration options for expanded functionality.

Feature-by-Feature Comparison

Pricing

  • SimplifyEm: Flat-rate pricing includes all core features.
  • TenantCloud: Free basic plan; advanced features require paid tiers or add-ons.

Ease of Use

  • SimplifyEm: Intuitive interface—activate only what you need.
  • TenantCloud: Customizable but may involve a learning curve.

Accounting Functionality of SimplifyEm vs TenantCloud

  • SimplifyEm:
    Offers a comprehensive accounting system tailored for property management:

    • General Ledger (GL) for tracking all transactions.
    • Customizable Chart of Accounts.
    • Journal Entries for precise financial adjustments.
    • Automated rent charges, late fees, and real-time payment tracking.
    • Owner statements, expense tracking, vendor payments, bank reconciliation.
    • 1099 tax reporting.

No need for third-party accounting software—everything is built-in.SimplifyEm Chart of Accounts

SimplifyEm Journal Entry

  • TenantCloud:
    Basic income and expense tracking. For advanced accounting, integration with QuickBooks Online is required.

CRM Functionality of SimplifyEm vs TenantCloud

  • SimplifyEm:
    Integrated CRM tools designed to manage tenant, owner, and vendor relationships:

    • Centralized contact management.
    • Automated reminders for leases, payments, and maintenance.
    • Communication logs, task management, document storage.
    • Integrated email & SMS via Communication Hub.
    • Custom notes and alerts to personalize tenant/owner interactions.

  • TenantCloud:
    Provides basic contact management and messaging through the tenant portal but lacks a full CRM suite.

Online Payments of SimplifyEm vs TenantCloud

  • SimplifyEm: Fully integrated rent collection and reporting.

  • TenantCloud: Tenant portal-based payments with varying options by plan.

Maintenance Management of SimplifyEm vs TenantCloud

  • SimplifyEm: Simple work order tracking and vendor coordination.

  • TenantCloud: Maintenance request system with service bidding.

Customer Support of SimplifyEm Vs TenantCloud

  • SimplifyEm: WOW support—phone, email, and chat for all users.

  • TenantCloud: Support depends on subscription level.

Who Should Choose SimplifyEm?

SimplifyEm is perfect for:

  • Small landlords wanting simplicity and flexibility.
  • Mid-sized managers needing full accounting, CRM, maintenance, and tenant management.

Those who appreciate transparent pricing and responsive customer support.

Who Might Prefer TenantCloud?

TenantCloud fits:

  • DIY landlords looking for a free or low-cost starting point.
  • Users who enjoy customizing their software setup.

Property managers comfortable integrating third-party tools.

Conclusion

Both SimplifyEm and TenantCloud offer strong property management solutions in 2025:

  • Choose SimplifyEm for simplicity, full accounting, integrated CRM, transparent pricing, and top-tier support.

  • Choose TenantCloud if you prefer modular customization and a freemium entry point.

Your ideal choice depends on your portfolio size, desired features, and how hands-on you want to be with integrations.

Frequently Asked Questions (FAQs) on SimplifyEm TenantCloud Comparison

  • Does TenantCloud have full accounting features like General Ledger and Chart of Accounts?

    TenantCloud provides basic accounting tools and integrates with QuickBooks for advanced needs.

  • Can I use SimplifyEm for just basic rent tracking?

    Yes, SimplifyEm allows landlords to activate only the features they need.

  • Is TenantCloud really free?

    The basic version is free, but advanced features require payment.

  • Does SimplifyEm offer a free trial?

    Yes, SimplifyEm offers a trial period.

  • Which software has better customer support?

    SimplifyEm offers phone, email, and chat support for all plans, while TenantCloud’s support varies by subscription.

Sources:

https://www.census.gov/housing/hvs/

https://www.hud.gov/program_offices/housing/mfh/mfhpm

SimplifyEm vs DoorLoop: Which Property Management Software is Right for You in 2025?

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

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

Finding the right property management software can transform how you run your business in 2025. Whether you’re managing a handful of units or scaling to hundreds, choosing a solution that balances functionality, ease of use, and affordability is key.

Two popular options in today’s market are SimplifyEm and DoorLoop. Both offer valuable tools for property managers, but they cater to different needs and preferences. In this comparison, we’ll explore how each platform supports property managers—and why SimplifyEm stands out for those seeking powerful features without unnecessary complexity.

Quick Comparison: SimplifyEm vs DoorLoop


SimplifyEm Doorloop Comparison

Designed for Property Managers: Focused vs Flexible

SimplifyEm is purpose-built for small to mid-sized property managers (up to a 1000 units), focusing on residential rental management. It delivers enterprise-level functionality in a user-friendly package, helping property managers streamline daily tasks without a steep learning curve.

DoorLoop offers flexibility for managing residential, commercial, HOA, and mixed-use properties. Its broad approach is ideal for those needing a customizable platform that adapts to various property types.

Ease of Use and Quick Setup

SimplifyEm lives up to its name by offering a straightforward, intuitive interface. Property managers can get started within hours—no technical expertise required. Features like automated reminders, accounting, and online payments are ready to use out-of-the-box.

DoorLoop provides a clean, modern interface with customizable workflows. It’s designed for users who prefer tailoring their experience, though some features may require initial configuration depending on the selected plan.

Pricing Transparency and Value

With SimplifyEm, what you see is what you get. Pricing starts at less than $25/month, and core features—like accounting, CRM, and online payments—are included without forcing upgrades.

DoorLoop uses a tiered pricing model, offering flexibility based on business size and feature needs. While this allows property managers to choose a plan that fits, certain advanced features are reserved for higher tiers.

Explore SimplifyEm’s transparent pricing here.

CRM and Communication Tools

SimplifyEm includes a robust CRM and its signature Communication Hub, allowing property managers to:

  • Automate tenant and owner follow-ups
  • Send bulk emails and SMS messages
  • Track conversations in one place

These tools come standard, helping managers improve tenant relations without extra costs.

DoorLoop also provides CRM capabilities, which expand depending on the chosen plan. Its CRM supports lead tracking and tenant communication, ideal for managers who want flexibility in how they manage interactions.

Learn more about SimplifyEm’s CRM and communication features.

Accounting and Financial Management

SimplifyEm offers full General Ledger (GL) accounting, trust accounting, owner statements, and QuickBooks integration—ensuring compliance and financial clarity for property managers of all sizes.

DoorLoop includes accounting features with seamless QuickBooks integration, making it easy for managers familiar with that ecosystem to handle finances efficiently.

SimplifyEm Chart of Accounts

SimplifyEm Cash or Accrual Accounting

SimplifyEm Journal Entry

Online Payments Made Simple

With SimplifyEm, property managers can quickly enable ACH and credit card payments without needing a separate merchant account. Tenants can set up recurring payments, reducing late payments and improving cash flow.

DoorLoop also supports integrated online payments, providing tenants with flexible payment options through its partnerships.

Discover how SimplifyEm simplifies rent collection.

Customer Support

SimplifyEm is known for its Customer WOW approach, offering U.S.-based phone and email support. Whether it’s onboarding assistance or daily troubleshooting, property managers can count on personalized service.

DoorLoop provides customer support through email, chat, and a comprehensive resource center to guide users through setup and feature use.

 

Frequently Asked Questions (FAQs) on SimplifyEm Doorloop Comparison

  • Does SimplifyEm offer a free trial?

    Yes, SimplifyEm provides a free trial so you can explore all features before committing.

  • How does DoorLoop’s pricing compare to SimplifyEm?

    DoorLoop uses tiered pricing, while SimplifyEm offers transparent, all-inclusive pricing starting under $1/unit.

  • Can both SimplifyEm and DoorLoop integrate with QuickBooks?

    Yes, both platforms support QuickBooks integration for streamlined accounting.

  • Which software is easier to set up for small property managers?

    SimplifyEm is designed for quick, hassle-free setup without technical expertise.

  • Do both platforms support online rent payments?

    Yes, both SimplifyEm and DoorLoop offer online payment options for tenants, including ACH and credit card payments.

Sources:

https://www.sba.gov/business-guide/manage-your-business/understand-property-management

https://www.hud.gov/program_offices/housing/mfh/hsgrent

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)

Entrata SimplifyEm Product Comparison

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.

SimplifyEm Tenant Balance Bookkeeping

 

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.

SimplifyEm Chart of Accounts

 

SimplifyEm Cash or Accrual Accounting

 

SimplifyEm Journal Entry

 

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.

Read more about how SimplifyEm protects your data

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:SimplifyEm Buildium Product Comparison

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.SimplifyEm Tenant Balance Tracking

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 Communication Center

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.SimplifyEm Chart of Accounts

SimplifyEm Cash or Accrual Accounting

SimplifyEm Journal Entry

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 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) 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:SimplifyEm Appfolio Comparison

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.

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.SimplifyEm Tenant Balance Tracking

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.

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.SimplifyEm Communication Center

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.SimplifyEm Chart of Accounts

SimplifyEm Cash or Accrual Accounting

 

SimplifyEm Journal Entry

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

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 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.

SimplifyEm Tenant Balance Tracking

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 Owner Balance Tracking

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.

SimplifyEm Cash or Accrual Accounting

SimplifyEm Chart of Accounts

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

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