Best Property Management Software 2020

Best Free Property Management Software

Looking for the best free property management software? Here's a short list of the top solutions used by thousands of landlords worldwide.

Property management solutions help thousands of landlords grow their businesses. However, many of these solutions are expensive. Fortunately, there are a variety of free options that include the core set of features you need to manage your properties.

Below, we offer an overview of this type of software, along with its costs and features. We also include a short-list of the best free property management solutions on the market today.

Table of Contents

What is Free Property Management Software?

Property management software is used by landlords and property managers to help optimize daily tasks. These tasks include scheduling showings, managing maintenance requests, and collecting payments. In general, these property management solutions charge subscriptions to access their platforms that range from $50 to $1000 per month. However, there are a variety of free property management solutions available on the market today.

Who is Free Property Management Software Best For?

Free property management solutions are useful resources for independent landlords and property managers who may not have the budget to afford a premium system. Also, free property management solutions are fantastic introductory products for those who have previously managed their properties using pen and paper. These low-risk solutions allow landlords to test this type of software before investing in a more robust and expensive solution.

What Features are Found in Property Management Software?

In general, free property management software includes a variety of features that is sufficient for most independent landlords and property managers. Here is a list of features that free property management software typically includes:

  • Application management
  • Automated listing syndication
  • Automated payment reminders
  • Automated rent collection
  • Basic accounting tools
  • Custom property listings
  • Electronic leases
  • Maintenance Management
  • Online tenant portal
  • Tenant screening

What Types of Free Property Management Software are Available?

There are different types of free property management software available on the market. Some solutions are entirely free, such as Cozy and TurboTenant. These solutions typically offer the option to purchase add-on features such as expedited fund transfers.

Other solutions offer free plans along with their more advanced & paid plans, such as Avail. The free plans in these types of software are typically sufficient for most landlords and property managers responsible for a low volume of properties.

What are the Fees Associated with Free Property Management Software?

The solutions mentioned in the short-list below are completely free for landlords and property managers to use. However, there are fees that will be incurred by your tenants and applicants. Additionally, vendors often offer add-on features as part of a paid package. Here is an overview of the fees found in free property management software:

Tenant ScreeningWhen prospective tenants apply for a property listing, they will pay a fee for a screening report. These reports typically include credit, criminal background, and eviction checks, and typically cost around $30 to $50. Screening reports in free property management software is typically more expensive than reports in paid solutions. This can potentially reduce the volume of applications you receive, as the fee may be a deal breaker to some applicants.
Add-on FeaturesVendors of free property management solutions typically offer add-on features as part of paid packages. Some of these features include expedited fund transfers, online leases with electronic signatures, and marketing websites.
Payment Processing FeesVendors typically charge your tenants for credit, debit, and ACH payments. These fees range from $2.50 to $3.50 per credit transaction, and $1 to $3 per ACH payment.
Application Fee:Some vendors will charge an application fee to your prospective tenants. Fees can range from $20 to $50 per application.

Best Free Property Management Software

Here is a short-list of the most popular, highest-quality property management solutions that offer free access to their platform. Read the solution overviews to find the product that is best for your business.

Avail

Avail is one of the best solutions that offers a free subscription to their platform. Features found in the free plan include automated listing syndication, tenant screening, maintenance tracking, and automated rent collection. Features not available in the free plan include waived ACH fees, custom applications, and a marketing website. For in-depth analysis, read our Avail review.

  • ACH fee: $2.50 per transaction
  • Credit & debit card fee: 3.5% per transaction
  • Credit, criminal background, and eviction checks: $55 per screening
Avail

Avail

Property Management Software
Rating:
Price: Free
Avail is a popular property management solution used by over 170,000 independent landlords nationwide. Avail is best suited for landlords managing 1 to 15 units. This platform includes property marketing tools, automatic rent collection, maintenance request tracking, and eLeasing.
Pros:
  • Avail offers a free plan that includes all of its major features, but charges tenants for bank transfers, credit card transactions, and tenant screenings
  • Syndicates property listings to ten popular listing websites
  • Allows independent landlords to easily implement automatic rent collection and maintenance request tracking
  • Includes a digital leasing tool which allows you to draft, send, and receive eLeases
Cons:
  • Does not include an accounting module
  • While it is free, Avail's reporting is less robust than alternatives
  • Avail’s free plan does not include a marketing website or customizable applications & leases
  • Does not offer an open API which restricts third-party integrations

TurboTenant

TurboTenant is one of the most popular free property management solutions on the market. Features in the free plan include automated listing syndication, lead tracking, online rental applications, and automated rent collection. TurboTenant’s free plan does not include many features found in competitors including maintenance tracking and reporting tools. Read our full product review for TurboTenant.

  • Application fee: $35 to $45
  • Electronic lease signing: $9 per lease
TurboTenant

TurboTenant

Property Management Software
Rating:
Price: Free
TurboTenant is a free-to-use property management solution used by over 250,000 landlords nationwide. This solution is equipped with several useful tools for property marketing, lead tracking, and rent collection. TurboTenant is ideal for independent landlords managing 1 to 100 units.
Pros:
  • TurboTenant is free to use and ideal for independent landlords
  • Pre-screener questionnaire helps narrow down leads to only the best applicants
  • Equipped with automatic text and email notifications for landlords, leads, and applicants
Cons:
  • Does not include maintenance request tracking
  • Does not include accounting or reporting tools
  • Does not support outgoing payments to vendors and owners
  • Tenants can not respond to your messages via text, they must use a browser and log into the TurboTenant application

Cozy

Cozy is one of the biggest players in the space that offers free access to their platform. Cozy includes features such as custom property listings, automated listing syndication, maintenance tracking, and automated rent collection. For in-depth analysis, read our Cozy review.

  • Credit card transaction fee: 2.75%
  • Credit and background checks: $39.99 per screening
Cozy

Cozy

Property Management Software
Rating:
Price: Free
Cozy is a free property management solution used by over 50,000 independent landlords nationwide. Cozy provides useful tools to help you market your properties, automatically receive payments, and manage maintenance requests.
Pros:
  • Access to the platform is free, but includes fees for tenant screenings and credit card transactions
  • Automates rent collection and property listing syndication
  • Allows landlords to communicate with tenants directly through the platform
  • User interface is well designed and easy to navigate
Cons:
  • Does not syndicate property listings to as many websites as competitors
  • Takes 5 business days for rent collection payments to appear in your account
  • Since accounting capabilities are limited, many customers also purchase third-party accounting software
  • Does not offer reporting or electronic leases

Other Free Solutions for Landlords and Property Managers

In addition to the core property management solutions, we highlight several free solutions that can help landlords and property managers grow their businesses. These solutions include rent pricing software, rent collection software, and electronic signature software.

VendorType of SoftwareDescription
RentometerFree Rent Pricing Software
  • Rentometer is a popular rent estimate solution that offers free-to-use reports.
  • Free reports analyze the average and median rent prices within a 0.75 mile radius.
DealCheckRent Pricing Software
  • DealCheck is a popular rent estimate solution that includes a free plan.
  • DealCheck’s free plan includes up to 10 saved properties, 5 property photos, and 5 sales & rental comps.
VenmoFree Rent Collection Software
  • Venmo is a popular and free digital wallet
  • Many tenants are familiar with using Venmo.
  • You can receive payments in 1 to 3 days for free, or the same day for a small fee.
ZelleFree Rent Collection Software
  • Zelle is a popular application that individuals use to transfer money.
  • Zelle offers free transfers with most major banks.
  • Zelle is not available to all consumers and SMBs – check with your bank and your tenant’s bank before getting started.
WaveFree Accounting Software
  • Wave is a popular accounting tool for entrepreneurs.
  • Wave offers a very robust free plan that includes accounting, invoicing and receipt scanning.
PandaDocElectronic Signature Software
  • Pandadoc allows landlords to receive signatures for lease agreements and important documents.
  • Pandadoc’s free plan includes unlimited eSignatures, users, and document uploads.
  • Pandadoc’s free plan also supports payments.
  • For in-depth analysis, read our PandaDoc Review.
HellosignElectronic Signature Software
  • Hellosign allows landlords to receive signatures for lease agreements and important documents.
  • Hellosign’s free plan includes 3 signature requests per month, and up to 1 sender.
  • For in-depth analysis, read our Hellosign Review.
DocsketchElectronic Signature Software
  • Docsketch allows landlords to receive signatures for lease agreements and important documents.
  • Docsketch’s free plan includes up to 1 sender, 1 template, and 3 documents.
  • Docsketch’s free plan also includes reminders and notifications.
  • For in-depth analysis, read our Docsketch Review.
Lloyd Park

Lloyd Park is a Junior Research Analyst at SoftwarePundit, where he conducts in-depth analyses of software markets and products. Lloyd also has experience managing the development of software platforms and is an expert in content production & media software.

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