best accounting software for rental properties of 2021 4

The Best Rental Property Accounting Software

ATM transactions, the purchase of money orders or cash equivalents, loan payments and account funding made with your debit card are not eligible for cash back rewards. Through integrations with Zillow, RentPrep, and DocuSign, you can market vacancies, accept applications, screen potential tenants, and sign leases entirely online. Managing tenants, handling property maintenance, and generating and reviewing financial reports on your own can take a big bite out of your busy day. Professional accounting tools and calculators developed by certified accountants.

What is Property Management Accounting Software?

While human error will always play some role in security breaches, you can be confident in your accounting platform when it comes to keeping your information safe. One of the best features of YNAB is the way they help you visualize your money – allowing you to see how much cash you have at a glance. The app even helps you set up your goals and deal with pesky debt for landlords. This is one of the best apps on this list because it’s designed to help people get out of debt and make smart spending decisions going forward – that’s definitely something landlords can benefit from! To read more about how this app works, check out this full review at Streamlined Accounting. This app offers great insight into your cash flow with real-time updates as they happen.

Best for Small Business Landlords

When perusing options online, you should search for a platform that you feel comfortable operating or learning how to use. Do you prefer straightforward software or something with extra bells and whistles to experiment with? If a specific software is frustrating to navigate and understand, it may not be right for you. Some software is built with simplicity and beginner-friendliness in mind, so don’t let software that requires a high skill level prevent you from managing your books. Tracking income and expenses by individual property is cumbersome or requires complex workarounds, since these platforms don’t have built-in support best accounting software for rental properties of 2021 for multiple rental units.

Software Features

You need a reliable and efficient system to handle everything from rent collection to financial reporting. In this article, we’ll explore the best property management software with accounting integration, highlighting their key features, pricing, and user reviews. Just about any accounting software you’ll come across will track and record your daily financial transactions and perform other bookkeeping tasks. Accounting software designed for landlords goes far above that and includes features specific to running a rental property business. It also allows you to link multiple bank accounts and credit card accounts, automating many transactions. To integrate your accounting software with property management systems, you’ll typically use built-in APIs or integration tools provided by the software.

Best Commercial Property Management Accounting Software Tools (2025 Reviews)

Better capital is an all-in-one real estate accounting software that offers a single view of your finances – it also integrates with different other accounting software if you already use one. One feature that I love is the cash flow forecasting tool because I’ve seen many people overspend and not have enough cash to cover bills. Better capital handles invoicing for you, saving you time and headaches in the future.

‍Real Landlords, Real Results

• In 2025, landlords are increasingly turning to purpose-built tools designed specifically for rental property finances.
• This feature helps you monitor financials for different properties and generate consolidated reports, making it easier to oversee your entire portfolio.
• To better understand the difference between managing software yourself and outsourcing, see our comparison of rental property software for small landlords and property management for private landlords.
• Intuit QuickBooks offers four plans ranging from $35 per year (for three months) to $235 per year, billed monthly.
• The more thoroughly you screen your tenants, the more likely you’ll have residents who pay rent on time and don’t cause any issues.

Thankfully, there’s a better way, one already used by thousands of landlords who are seeing real business results – rental property accounting software. Simplify your rental property bookkeeping with rental property accounting software designed for you. First and foremost, you want to choose accounting software designed specifically for rental properties. Consider the features in the section above, decide which are most essential to your business, and get software that will do those tasks. Landlords can collect online rent payments from an unlimited number of payment accounts.

• This best property management comparison is based on available research, though keep in mind that the depth and execution of each feature can vary by provider.
• FreshBooks accounting software is designed for business owners (including real estate investors) and accountants.
• However, different real estate professionals need different added features.
• You can always start with the Essentials plan and upgrade to a paid plan as your portfolio expands and your needs evolve.

For instance, landlord-tailored accounting software will include things such as ways to collect rent payments online, Schedule E prep, and real estate-specific financial reports. Online rent collection, tracking, and reporting are some of the most important property management services. Furthermore, most residents appreciate the ability to pay rent online—especially if they can set up recurring payments.

Infor Property Management

Stessa is one of the best free accounting software tools for rental properties. It’s also one of the most popular platforms for managing rental property remotely. In contrast, short-term rental property management software caters to properties rented out for brief periods, usually days or weeks. These systems prioritize features like channel management, integration with booking platforms (e.g., Airbnb, Vrbo), automated guest communication, and cleaning schedule management. While it has a range of tools, including online rent payment, vacancy posting, and maintenance requests, AppFolio may end up being a lot more muscle than the typical rental property owner needs. As a result, it may not be economical for independent landlords who self-manage their properties.

Comprehensive Reporting

Regularly review your financial data to identify areas for improvement and make data-driven decisions to optimize your rental business’s profitability. For more information on the importance of accounting software for rental properties, check out our previous article on the topic. Accounting software for rental properties is designed to help property managers and landlords manage their financial transactions, track income and expenses, and generate financial reports.

You can compare financial data over the years, share these reports with others, and more. Run and sort customizable reports, such as P&L statements, balance sheets, deposits, and more. DoorLoop provides more than 60 built-in property management and financial reports. Filter by property, date, accounting method, and more, to quickly see the information you need. Besides financial tools, Rentec Direct helps landlords with advertising, insurance, maintenance requests, tenant screening, and much more.