Using real estate software programs can mean the difference between success or failure in rental property management. These tools help manage rental listings, analyze deals, collect rent payments, monitor key financial metrics, and everything else required to run a rental property business.
This guide includes our top 10 picks for the best real estate investor software on the market today.
What to Look for in Real Estate Investment Software
Not every rental property owner has the same needs. Here are some features to look out for when choosing cloud-based software solutions for real estate investing.
Versatility: Software for real estate investors should manage various rental property types, including single-family homes, multifamily properties, short-term rentals, and commercial properties.
Scalability: Choose real estate investment software that can support multiple rental properties and scale with a growing portfolio of residential real estate or commercial real estate (or a mix of both).
Ease-of-Use: The learning curve for real estate investor software should be straightforward and easy to input rental property details, run financial reports, and review real estate analytics.
Multi-Device: Look for real estate investment software that’s compatible with multiple devices, such as laptops, desktops, tablets, and Android or iOS mobile apps.
Performance Tracking: Make sure the real estate investing software pulls data at the portfolio, rental property, and unit level for a complete cash flow analysis.
Document Management: Consider real estate software bundles that include imports and online storage for real estate investing business documents like lease agreements and mortgage financing.
Security: Prioritize real estate investor software that has top-notch network security to protect personal and financial information without third-party sharing for real estate investors, landlords, and tenants.
Financial Reporting: Most real estate investment tools have tax-ready financial statements for year-end reporting, and some offer professional grade investment reports to use for rental property loan applications.
Cost-Effective: Real estate investor software should be affordable and not have any unnecessary features that aren’t useful for most rental property investors.
Customer Support: Evaluate real estate investment software for quality customer service that provides direct human contact via phone, email, or live chat (or all three).
10 Best Software for Real Estate Investors
1. All-in-One Landlord Software: Baselane
Baselane is an all-in-one software solution that streamlines rental property finances to save time, money, and stress. Real estate investors, property managers, and landlords can easily manage and track cash flow for unlimited residential and commercial property types.
Key Features:
- Landlord Banking: No fees, 4.19% APY on all balances, and 5% cash back on debit card purchases, all seamlessly integrated into the Baselane platform with dedicated bank accounts by property and for security deposits.
- Rent Collection: Eliminate late rent payments and chasing down checks. Accept rent payments by ACH bank transfers, debit and credit cards directly into your bank account. Automate rent collection, fees, and reminders.
- Bookkeeping: Track rental income and expenses for one or multiple properties.Tag transactions by Schedule E category to make tax time a breeze and never miss a deduction again.
- Taxes & Reporting: Get real-time cash flow and performance metrics to maximize returns on rental properties. Generate and analyze financial reports for taxes, net operating income, cash flow, and more.
- Insurance & Lending: Simple, instant, and transparent rental property insurance and financing. Maximize returns and reduce costs on real estate investments.
Getting started with Baselane rental property management software is easy. Sign up on a desktop or mobile device. Enter your name and email, choose a password, and you’re all set.
Pricing: Baselane is FREE. No hidden fees or minimum account balances. Visit the pricing page →
2. CRM Software: REISift
REISift is a complete customer relationship management (CRM) platform to help real estate investors scale sales and marketing. Features include skip tracing, USPS vacancy checks, offer tracking, owner records, data filters, and phone statuses.
Pricing: Software bundles range between $49 and $299 per month. Each plan offers a 7-day free trial.
3. Marketing Software: REIPro
REIPro helps real estate investors generate leads and market rental properties. This software also searches for multiple property types, including bank-owned, owner-occupied, pre-foreclosures, vacant land, and other rental properties.
Pricing: Plans include a 14-day free trial. Pricing starts at $109 per month for three users or $297 for 12 users.
4. Property Analysis Software: Zilculator
Zilculator is one of the best real estate analysis software. It integrates data from MLS, Zillow, and Rentometer to automate property analysis reports in a few clicks to make informed decisions for buying or selling real estate investment properties.
Pricing: Monthly plans range from $13.60 to $23.20. All plans include a 7-day free trial.
5. Business Management Software: Argus
Argus is an enterprise-level real estate investment software. It’s equipped with features for risk analysis, real estate market trends, rental property valuation, cash flow forecasting, fund management, and more.
Pricing: Argus pricing starts at $39.99 and includes a free trial.
6. House Flipping Software: FlipperForce
FlipperForce is a web-based tool for developers, rehabbers, and real estate investors. This software can analyze deals, manage budgets, organize renovation schedules, estimate after repair value (ARV), and track expenses.
Pricing: Monthly plans are available from $79-$499 per month with a free trial.
7. Off-Market Deal Software: Deal Machine
Deal Machine is a user-friendly mobile app that helps find off-market rental properties. Features include real-time mobile real estate maps, smart rental property filters, property owner lookups, lead management, and real estate CRM.
Pricing: Try any plan free for seven days, then pay $49 to $499 per month.
8. Real Estate Management Software: Stessa
Stessa is used by rental property investors for smart money management. It features automated income and expense tracking, rent collection, rental property accounting, and more. Financial reports also help visualize potential returns for real estate investments.
Pricing: The basic plan with essential features is free or the pro plan costs $20 per month.
9. Software for Small Portfolios: RealData
RealData is an Excel downloadable real estate investor software that provides a rental property evaluator overview. It comes with commercial income modules, partnership options, cash flow analysis, and real estate investment analysis.
Pricing: Plans and pricing must be requested.
10. Data Collection Software: PropStream
PropStream is the most trusted provider of comprehensive real estate data nationwide. Easily access nationwide data, targeted leads, accurate comparisons, up-to-date information for property recordings, and a rehab cost estimator.
Pricing: Plans start at $99 monthly, with add-on features and free mobile scouts.
Final Thoughts
Managing real estate investments can be so much easier with the right software. From organizing data, and property analysis, to finding off-market deals, there’s a tool for every real estate portfolio and strategy.
If you’re ready to take the next step in real estate investing, Baselane is an all-in-one landlord software that can help simplify rental property management with automated accounting, bookkeeping, online rent payments, and more.
Book a free demo today to see how Baselane can save you time and money.
