The Best Rent Collection Software of 2024: Finding the Right Fit

Gemma Smith
Last updated
July 17, 2024
5 min read

Table of Contents

Table of Contents

Managing rental properties often comes with numerous challenges, such as late or missed payments, communication difficulties with tenants, and time-consuming administrative tasks.

To address these obstacles, rent collection tools and property management software has emerged as powerful solutions that streamline rent collection and help landlords manage various aspects of their rental business more efficiently. 

In this article, we will explore the benefits of these digital solutions, discuss the key features to look for when selecting a platform, and provide an overview of some popular options available in the market today.

8 Benefits and key features of rent collection Software

Using rent collection software offers numerous benefits for both landlords and tenants, enhancing the entire rental management process. Here are some of the key advantages and essential features to look for:

1. Convenience and accessibility of online rent payments

  • 24/7 access: Rent collection software allows landlords and tenants to access the system at anytime. This flexibility is particularly useful for tenants who can pay rent from the comfort of their homes.
  • Multiple payment options: Tenants can choose from various payment methods such as credit cards, debit cards, ACH transfers, and even cash, cheque and instalments, making it easier to manage finances.

2. Efficiency and time-saving with automatic payments

  • Automated payments: Tenants can set up recurring online rent payments, ensuring rent is always paid on time without manual intervention. This automation saves time for both parties.
  • Streamlined processes: Rent collection software simplifies administrative tasks like sending reminders, processing payments, and updating records, allowing landlords to focus on other important aspects of property management.

3. Enhanced accuracy and record-keeping

  • Error reduction: Automated systems reduce the chances of human error in calculations and record-keeping.
  • Comprehensive records: The software maintains detailed records of all transactions, making it easy to track payment history, generate reports, and prepare for tax season.

4. Improved cash flow management

  • Faster processing: Payments are processed quickly and directly deposited into the landlord's bank account, improving cash flow management.
  • Real-time updates: Landlords can monitor payment statuses in real-time, allowing for better financial planning and decision-making.

5. Security and compliance

  • Secure transactions: Rent collection software uses encryption and secure payment gateways to protect sensitive financial information.
  • Regulatory compliance: The software helps ensure compliance with local, state, and federal regulations regarding rent collection and data privacy.

6. Better tenant relationships

  • Transparency: Clear records and automated communication enhance transparency between landlords and tenants, reducing misunderstandings and disputes.
  • Ease of use: A user-friendly platform makes it easier for tenants to pay rent on time, fostering a positive landlord-tenant relationship.

7. Scalability

  • Growth management: Whether managing a few properties or an extensive portfolio, rent collection software can scale to meet the needs of growing property management businesses.

8. Cost-effectiveness

  • Reduced operational costs: By automating rent collection and related tasks, landlords can reduce the need for additional administrative staff, lowering overall operational costs.
  • Minimized late payments: Automated reminders and easy payment options decrease the likelihood of late payments, potentially reducing the need for costly eviction processes.

Having explored the essential features and benefits of rent collection software, let's now examine the top five platforms that stand out in the market, offering robust solutions tailored for landlords and property managers.

5 top choices for landlord rent collection software

1. Azibo

Azibo homepage screenshot

Overview

Azibo offers a comprehensive and user-friendly property management platform designed to streamline the entire rental process for landlords. With a range of features integrated into one convenient platform, Azibo provides landlords with a complete toolkit to manage their rental business efficiently, with many features offered all at no cost.

Key features

  • Simplified rent collection: Facilitate timely rent payments by offering tenants flexible payment options such as ACH bank transfers, debit cards, credit cards, cash via Cash App or chime, and flexible rent instalments. Track rent payment status, send automate reminders and charge customizable late fees if needed.
  • Rental applications and tenant screening: Azibo's platform streamlines the tenant selection process by providing landlords with detailed rental applications. These forms gather essential information such as personal details, rental history, income, and employment data.
  • The platform also includes comprehensive tenant screening reports, which cover credit scores, identity validation, criminal records, and eviction history. This ensures landlords receive all the necessary information to make informed decisions about prospective tenants quickly and efficiently.
  • Accounting solutions designed for real estate: Optimize your rental business finances with industry-leading accounting and tax preparation tools specifically designed for landlords. Explore its income and expense tracking, rule-based tagging for Schedule E transactions, and suite of financial reports (cash flow, P&L, rent roll, CapEx, and more). 
  • Affordable property insurance: Experience transparency and efficiency in the property insurance process, obtaining the right coverage at competitive prices.
  • Lease creation: Create state-specific rental lease agreements and invite tenants to sign online. 
  • Maintenance and messaging: Azibo streamlines communication between landlords and tenants. Tenants submit maintenance tickets with photos and descriptions directly from their devices. Landlords benefit from a centralized messaging portal, reducing scattered communications. Features include real-time status updates, automatic reminders, and a built-in history of all conversations and requests. The system ensures timely responses and a clear process from ticket creation to resolution.
  • Team collaboration: Azibo’s collaboration feature allows landlords to securely work with their team by setting different roles and permissions for collaborators. This includes assistants for day-to-day management, CPAs for accounting, with soon to be added roles such as partners, for full access to properties. This ensures streamlined and efficient property management.
  • Document storage: Azibo’s integrated document storage allows landlords to easily upload, organize, and retrieve all real estate files in one place. Categorize documents by leases, notices, insurance, and more, and associate them with properties, units, renters, and vendors. This seamless organization enhances efficiency and ensures all documents are accessible when needed.
  • Renters benefits: Azibo provides renters with a user-friendly platform that simplifies rent payments, offers credit boosting services, and ensures efficient maintenance request management. Renters can also enjoy renters insurance options and exclusive discounts through Azibo Offers. These features lead to increased tenant satisfaction by providing convenience, financial benefits, and enhanced communication with landlords.

Pricing

Azibo's platform offers a comprehensive suite of property management tools often at no cost. Automated rent payments are free for landlords, managers and renters, with accelerated payouts in two business days. Document storage is free, allowing easy upload and organization of files.

Tenant screening costs $39.99 is charged to the applicant, while comprehensive accounting features are free. State-specific lease agreements with eSign are available for $29.99. Collaboration features are priced at $99 per seat annually, and premium onboarding is $300. Renters benefit from services like credit reporting for $4.99 per month.

For more details, visit Azibo's Pricing Page.

Wrap-up

Azibo is an all-in-one property management platform providing a comprehensive suite of landlord solutions at no cost. With Azibo, landlords can manage their rental business efficiently, all in one place, while enjoying the convenience of a user-friendly platform.

Azibo's free pricing model sets it apart, offering unlimited access to its core features. By generating revenue through other means, such as interest on cash balances, convenience fees on card transactions, and commissions on partner products, Azibo can provide a valuable platform without the typical cost barriers.

Azibo’s real estate accounting solution is also a differentiator, as it was designed for rental properties and comes with all the tags, categories, metrics, and reports you’ll need to stay organized and compliant.

Embrace the modern and efficient approach to property management software with Azibo. 

Sign up and start collecting rent online with Azibo today.

2: Buildium

Buildium homepage screenshot

Overview

Buildium is a property management software designed to streamline the various aspects of property management, making it easier for landlords to handle their tasks efficiently. 

The platform offers a range of features, including payment collections, accounting, maintenance management, vendor management, and communication tools. Buildium enables landlords and property managers to approve lease applications, collect rent payments, resolve maintenance issues, manage payments, and update financials from anywhere.

Catering to portfolios of all sizes, Buildium helps property managers grow their portfolios on their terms while maintaining high-quality service. With online payments, retail cash payments, and various integrations, Buildium is a comprehensive solution that adapts to property managers' and residents' needs.

Key features of Buildium

  • Property accounting: Utilize purpose-built software designed explicitly for managing property-related financial transactions.
  • Online rent collection: Accelerate rent collection with a seamless online payment platform, making the process more efficient.
  • Maintenance requests: Easily manage work orders and handle maintenance issues with streamlined request processing.
  • 1099 e-Filing: Simplify tax season organization by creating and filing 1099s effortlessly, ensuring compliance and efficiency.
  • Resident center: Deliver an exceptional resident experience with a dedicated portal for communication and services.
  • Rental listing syndications: Advertise rental listings without hassle through automatic syndication to various platforms.
  • Tenant screening: Conduct comprehensive background checks on prospective tenants to ensure a reliable and secure rental process.
  • Online leasing: For increased convenience and efficiency, online management of the entire leasing process, from application submission to lease signing.

Pricing

Buildium provides three pricing plans: Essential, Growth, and Premium. All plans have essential features like accounting, maintenance, and online portals. The Essential plan starts at $55/month, while the Growth plan starts at $174/month and includes additional features for growing businesses. The Premium plan starts at $375/month and is suitable for larger businesses that need more advanced features.

Buildium offers savings for customers who use more services and waives incoming ACH transaction fees only for the premium plan. Customers can customize their subscriptions by adding extra features, such as online payments or tenant screening, for an additional cost.

For larger customers or those managing community associations, Buildium can be contacted to offer dedicated pricing.

Wrap-up

Buildium is a robust property management software that streamlines various aspects of property management, making it an excellent choice for property managers and landlords. The platform offers many features, including online payments, maintenance management, vendor management, communication tools, and rental listing syndication, to help property managers handle tasks efficiently and grow their portfolios.

Buildium's pricing plans are flexible, with three options, allowing property managers to customize their subscriptions based on their needs. Additionally, Buildium offers extra savings for customers who use more services and waives incoming ACH fees for some plans.

However, there are some drawbacks to consider. The overall cost can increase significantly as the property portfolio grows, making it potentially expensive for larger property managers. Additionally, while the app has received positive reviews, the mobile website is not as user-friendly, which can be inconvenient for users who prefer managing their properties on the go​.

Another issue is that customer support varies by plan, with basic plans limited to ticket support and some users reporting slow response times​. The initial setup can also be complex and time-consuming for new users, which may be a barrier to quick implementation​.

Overall, Buildium is an excellent property management software that can help landlords and property managers handle tasks efficiently and grow portfolios. With a wide range of features, flexible pricing plans, and extra savings for customers, it is a comprehensive and flexible solution that can adapt to the needs of growing businesses.

3. Appfolio

Appfolio homescreen screenshot

Overview

AppFolio is a cloud-based property management software designed to streamline the day-to-day tasks of property managers and landlords.

The platform offers a range of features, including online payments, maintenance management, tenant screening, accounting, and more, that help property managers handle their tasks efficiently and grow their portfolios.

AppFolio also offers mobile access, allowing users to manage their properties on the go. With flexible pricing plans and a user-friendly interface, AppFolio is a comprehensive and reliable solution for property managers and landlords of all sizes.

Key features of Appfolio

  • Online payments: Allows tenants to pay rent and fees electronically, ensuring fast and secure transactions.
  • Maintenance management: Simplifies tracking and resolving maintenance requests, with the ability to assign tasks and track progress.
  • Leasing and rents: Facilitates the entire leasing process online, from applications to lease signing, and includes tenant screening tools.
  • Accounting: Provides a full suite of accounting tools tailored for property management, including automated late fees, and owner statements.
  • Reporting: Offers customizable reports for insights into financial performance, occupancy rates, and more.
  • Mobile app: Enables property management tasks to be performed on the go via a mobile app, enhancing convenience and flexibility.
  • Marketing: Includes tools for creating and managing property listings, syndicating them to popular rental sites, and tracking leads.
  • Resident experience: Improves communication with tenants and offers services such as online portals for payments, requests, and updates.

Pricing

AppFolio offers flexible plans with transparent pricing to match your real estate portfolio needs, including options for residential, commercial, community associations, and investment managers.

For residential properties, AppFolio provides three plans:

  1. Core plan: Starting at $1.49 per unit per month with a minimum of $298 per month (50 unit minimum), this plan includes property accounting, marketing, leasing, work order management, inspections, portals, communication, and standard support.
  2. Plus plan: At $3.20 per unit per month, this plan includes all Core features plus affordable housing capabilities, advanced leasing metrics, premium integrations, and enhanced support. Minimum spend and units apply, so contact AppFolio for details.
  3. Max plan: At $5.00 per unit per month, this plan builds on Plus with leasing CRM, leasing signals, custom fields, database API, and dedicated customer success management. Minimum spend and units apply, and details can be obtained by contacting AppFolio.

For commercial property owners and community associations, AppFolio offers tailored pricing plans that include features specific to their management needs.Investment managers also have special plans designed to provide the tools needed for efficient property management.

Additionally, AppFolio offers various add-on services such as online payments, screening, smart maintenance, AI leasing assistant, risk mitigation, websites, debt collections, and premium listing syndication to enhance the productivity of your team while maintaining ease of use and functionality.

Wrap-up

AppFolio is a robust cloud-based property management software option that offers a wide range of features to help streamline property management tasks for landlords and property managers.

The platform is mobile-friendly and user-friendly, making it easy to manage properties on the go. However, one significant downside is that the platform requires users to have at least 50 rental units, which can be a drawback for smaller real estate investors.

AppFolio's pricing is also higher than other online rent collection platforms, with a minimum monthly fee of $280 for small- to mid-sized portfolios and an onboarding fee based on portfolio size. Larger portfolio managers pay $1,500 monthly, making it a pricier option. Unfortunately, there is no free trial, but a free demo is available to help users better understand the platform's capabilities.

4: Avail

Avail homepage screenshot

Overview

Avail landlord software is designed to make rental property management easier for DIY landlords.

With Avail, landlords can find tenants, view credit history, sign leases, and even collect rent online using tools built specifically for property management. The platform also offers features like transparent maintenance and repair tracking, rent price analysis, and property accounting software to make bookkeeping easier.

Avail also provides comprehensive background checks and state-specific lease templates that landlords can customize to fit their properties. Landlords can manage all areas of their rental properties in one place, from listing properties to collecting rent from tenants.

Key features of Avail

  • Rental listings: Create and publish rental listings across multiple top rental listing sites, manage leads from prospective tenants, and keep the conversation going with potential tenants directly from the app.
  • Tenant screening: Avail's screening features enable tenants to initiate credit and background checks through TransUnion, provide comprehensive reports on criminal history and evictions, verify income, and offer customizable screening questions, all facilitated through a dedicated communication platform for seamless interaction between landlords and applicants.
  • Online leases: vail's leasing tools offer digital signatures, state-specific lease templates reviewed by lawyers, customizable clauses, and the ability to attach unlimited documents, ensuring a streamlined and legally sound leasing process adaptable to specific property requirements.
  • Payments: Avail streamlines rent collection with direct-deposit payments, automatic receipts, next-day deposits, and features like rent reminders, late fee assessments, and tenant messaging, while also reporting payments to credit bureaus to aid tenants in boosting their credit scores.
  • Maintenance tracking: Avail's maintenance system allows both tenants and landlords to initiate repair tickets, tracks repair progress in real-time, automates the forwarding of issues to professionals, and supports photo uploads for detailed workflow management.
  • Financial aspects: Avail's financial aspects include facilitating application fee payments, offering fee-free bank transfers for landlords on the Unlimited Plus plan, and charging nominal fees for bank and card transactions under the free plan.
  • Property accounting: Avail's property management accounting software streamlines bookkeeping by integrating rental management and accounting into one platform, enabling easy tracking of income, expenses, and overall financial performance of your properties. It automates transaction logging, supports multi-property management, and prepares detailed reports for tax season.

Pricing

Avail offers two pricing plans for landlords: Unlimited and Unlimited Plus. The Unlimited plan is free and includes unlimited units, syndicated listings, credit and criminal screening, state-specific leases, and property accounting.

With Unlimited Plus, you get all the features of Unlimited, plus premium features such as FastPay rent payments, waived ACH fees, custom applications and leases, the ability to clone and reuse custom lease agreements, and a property website creation tool.

The cost for Unlimited Plus is $9 per unit per month. Tenants may need to cover the cost of application fees, which vary by location, and tenants on the Unlimited plan pay $2.50 per bank transfer. In contrast, tenants on Unlimited Plus have no fees for bank transfers, and a 3.5% processing fee applies to credit card or debit card payments regardless of subscription.

Avail also offers an easy way for tenants to purchase renters insurance through Lemonade Inc.

Wrap-up

Avail landlord software provides comprehensive tools to make rental property management easier for DIY landlords.

The platform offers features such as rental listings, tenant screening, online leases, rent collection, maintenance tracking, and property accounting software. 

With two pricing plans, landlords can either use the completely free Unlimited plan or upgrade to the Unlimited Plus plan for $9 per unit per month per unit, including premium features such as next-day rent payments and custom lease agreements.

While Avail may not be the best fit for landlords who require advanced accounting features or prefer a standalone mobile payment app, it is an excellent option for many types of landlords looking to simplify their property management processes. However, for landlords with multiple units, the costs can add up quickly, and charging ACH fees can be off-putting for renters.

5. Stessa

Stessa homepage screenshot

Overview

Stessa is a great platform for real estate investors, providing everything you need in one place. The platform automates accounting, streamlines finances, screens tenants, and collects monthly rent payments online for free.

With Stessa, investors can easily access and track their portfolio's performance with automatically generated and updated reports. The platform's dynamic financials make it easy to manage income and expense tracking, providing peace of mind to both investors and their CPAs.

Stessa also offers an FDIC-insured checking account that seamlessly integrates with the platform's features, making cash management a breeze. The online rent collection feature allows landlords to collect rent and automatic payments on autopilot, while the rental applications feature streamlines tenant screening.

Setting up a property is quick and easy, with the platform's simple process. Stessa is trusted by both novice and sophisticated investors, making it an essential tool for anyone looking to make informed decisions about their property portfolio.

Key features of Stessa

  • Mobile app: Enables landlords to manage their properties remotely through an app available on both iOS and Android platforms. Users can categorize transactions, view key metrics, scan receipts, and showcase their property portfolios.
  • Automated bookkeeping: Automates the accounting process by replacing traditional spreadsheets and paperwork with a secure, automated system that organizes transactions accurately and efficiently.
  • Financial reporting: Offers comprehensive financial reporting with real-time dashboards, including detailed financial statements such as Income Statements, Net Cash Flow reports, and Tenant Ledgers.
  • Tax preparation: Facilitates tax time with features that allow users to scan and store receipts, and simplify document sharing with CPAs. It supports the generation of Schedule E and other tax-related reports directly from the platform.
  • Tenant screening: Integrates with RentPrep to provide background and credit checks within the app, aiming to reduce tenant default rates and streamline the screening process.
  • eSigning: Provides access to a library of over 50 legal document templates that can be edited and sent for electronic signing, streamlining the lease and document management process.
  • Rent collection: Automates the rent collection process, including sending payment reminders, charging late fees, and managing deposits, thereby minimizing the manual effort required from landlords.
  • Landlord banking: Offers specialized banking services for landlords, including the ability to open separate high-yield accounts for each property, which integrate with the platform's bookkeeping and reporting features.

Pricing

Stessa offers three plans to help real estate investors manage their property performance, finances, and documents.

  • Essentials plan: This free plan includes unlimited property tracking, automated bank feeds, basic financial reporting, vacancy marketing, tenant screening, online rent collection, and 3.14% APY on cash balances. It's ideal for new investors starting to organize and streamline their operations.
  • Manage plan: Priced at $12 per month when billed annually, this plan includes everything from the Essentials plan plus one eSignature per month, access to over 60 legal forms and templates, priority chat support, Schedule E report, and upcoming features like accelerated rent payments.
  • Pro plan: For $28 per month when billed annually, the Pro plan offers sophisticated tools for advanced investors. It includes everything in the Manage plan plus unlimited portfolios, advanced reporting, unlimited receipt scanning, seven eSignatures per month, advanced transaction tracking, budgeting, pro-forma analysis, and a higher 5.09% APY on cash balances.

Both the Manage and Pro plans offer FDIC-insured banking services with no minimum balance and cashback rewards, enhancing financial management and security for landlords.

Wrap-up

Stessa is a comprehensive platform designed for real estate investors to manage their portfolios efficiently. It offers tools for automating accounting, streamlining financial management, screening tenants, and collecting rent online. While the platform offers significant conveniences, it also comes with tiered pricing that might affect investors looking for more advanced features.

The service excels in providing real-time financial reporting and transaction management, which simplifies tracking income and expenses and ensures accurate accounting records. This aspect is particularly beneficial for investors and their CPAs at tax time. The integration of an FDIC-insured checking account facilitates seamless cash management, and the platform's automated rent collection system minimizes the manual effort required in managing tenant payments.

However, while Stessa's basic functionalities are available for free, advanced features such as accelerated rent payments, unlimited eSigning, and enhanced financial reporting are locked behind the premium plans. These costs can add up, especially for investors managing multiple properties who need more sophisticated tools.

Factors to consider when choosing a rent collection software

Selecting the perfect rent collection tool and property management software can be a daunting task, but by carefully considering your unique circumstances, you can find the ideal solution tailored to your needs.

Property size and type

When selecting the ideal rent collection tool and property management software, it's essential to consider the size and type of your property.

Different platforms cater to varying property sizes, from single-family homes to large apartment complexes. Some software solutions are better suited for specific property types, such as residential, commercial, or mixed-use. Ensure your chosen platform aligns with your property's characteristics and is tailored to meet your unique management requirements.

Budget constraints

Budget constraints play a significant role in determining the right solution for your rental property management needs.

Many platforms offer tiered pricing plans, with features and functionality vary based on cost. Assess your budget and prioritize the features you need most to find a solution that provides the best value for your money. 

Remember that some platforms, like Azibo, offer comprehensive solutions at no cost, making them an attractive option for budget-conscious landlords.

Scalability and future growth

As a property owner, you may plan to expand your rental business in the future. When selecting the best rent collection app, tools and property management software, consider their scalability and ability to accommodate your future growth.

Opt for a platform that can easily manage an increasing number of properties and tenants, allowing you to continue using the same solution as your business grows. This will save you time and resources in the long run, as you won't need to transition to a new platform when your rental portfolio expands.

Implementation and onboarding

Transitioning from traditional methods to digital solutions can be a significant shift for both landlords and tenants. It's essential to approach this change with a well-thought-out plan to minimize disruptions and ensure a smooth transition.

1. Planning and preparation for digital transition

Begin by familiarizing yourself with the chosen, rent collection app or tool, understanding its features, and how they align with your specific needs. Communicate the upcoming changes to your tenants, highlighting the benefits they can expect from the new system and providing them with the necessary resources and information to adapt to the digital platform.

2. Training, support, and feedback integration

Training and support are key components of a successful onboarding process for landlords and tenants. Select a platform that offers comprehensive training materials, such as video tutorials, user guides, and webinars, to help users learn the system effectively. 

Additionally, prioritize platforms with responsive customer support, ensuring that any questions or concerns are promptly addressed. Providing tenants with clear instructions on using the new system and offering ongoing support will contribute to a seamless transition and a positive experience for all parties involved.

Setting realistic expectations and timelines is essential to ensure a smooth onboarding process. Allow ample time for you and your tenants to adapt to the new platform, and be patient with any challenges that may arise during the transition. Monitor the progress of the implementation, address any issues or concerns as they emerge, and gather feedback from your tenants to make any necessary adjustments. 

By thoroughly planning the onboarding process and maintaining open lines of communication, you can successfully transition to a digital solution that streamlines your rental property management experience.

Choosing the best rent collection software for your portfolios

As we have explored throughout this article, rent collection software significantly enhances the efficiency and effectiveness of property management. By streamlining critical tasks such as payment processing, tenant screening, and financial reporting, these tools not only save landlords time and effort but also improve the accuracy and reliability of managing rental properties.

Among the various options available, Azibo stands out as an exemplary choice for landlords seeking a comprehensive, cost-effective solution. Its array of features, ranging from simplified rent collection to robust accounting solutions and tenant management, are mostly offered at no cost, making it an attractive option for any landlord.

Azibo's platform is designed to enhance tenant satisfaction through ease of use and additional services, ensuring a smoother management process and fostering better landlord-tenant relationships.

Choosing the right rent collection software depends on your specific needs, the size and type of properties you manage, and your budget constraints. However, with its extensive features, lack of cost, and user-centric design, Azibo represents a formidable solution that can meet the demands of diverse property management scenarios.

Ready to put property management pain points in your past? Try Azibo’s free, all-in-one property management platform for landlords today.

Rent collection software FAQs

What is the best software for tenants to pay rent?

Azibo is an excellent choice for tenants to pay rent due to its user-friendly platform that supports various payment methods. Tenants can use ACH bank transfers, debit cards, credit cards, and even cash payments via modern cash transfer methods.

Azibo’s platform also allows tenants to set up automatic payments, ensuring rent is paid on time each month. The comprehensive features and flexibility make it a top choice for both tenants and landlords looking to simplify the rent payment process.

Can you use QuickBooks to collect rent?

While QuickBooks is primarily an accounting software and can be used to track rental income and expenses, it is not specifically designed for rent collection. QuickBooks allows landlords to record rent payments received, but it lacks features like direct rent collection, tenant screening, and lease management that are essential for landlords. For a more integrated solution that includes these additional property management features along with accounting.

What software is used to keep track of rental income?

Azibo is a robust software used by landlords to keep track of rental income effectively. It offers specialized accounting tools designed for real estate, which help landlords manage their finances efficiently.

With Azibo, you can track rent payments, manage expenses, and generate detailed financial reports, including cash flow statements and profit and loss accounts. The platform’s capability to integrate with other financial tools and its focus on property management-specific features make it an ideal choice for tracking rental income comprehensively.

Written by

Gemma Smith

With 9 years in property management, Gemma serves as a key content strategist at Azibo.com. While excelling in writing, editing, and SEO, she also enhances Azibo's social media presence. Passionately, Gemma educates others to make informed real estate investment decisions in the ever-changing market.

Important Note: This post is for informational and educational purposes only. It should not be taken as legal, accounting, or tax advice, nor should it be used as a substitute for such services. Always consult your own legal, accounting, or tax counsel before taking any action based on this information.

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