TenantCloud and Avail are two popular property management software tools that help streamline the rental process and tenant experience. But which one is right for you?
Let’s compare Avail vs. Tenant Cloud based on their features, pricing, and benefits. We’ll also introduce Baselane as an alternative all-in-one property management software solution for bookkeeping and accounting tasks, banking, online flexible rent collection for landlords, and more.
Key Takeaways
- Avail is best suited to landlords seeking syndicated rental listings, tenant screening reports, and online rent payments.
- TenantCloud is ideal for landlords and property managers overseeing multiple properties, offering robust task management for maintenance requests, rent collection, and lease signing.
- Baselane is an all-in-one banking and property management payments platform with integrated online rent payments, rental property accounting and more.
TenantCloud Overview
TenantCloud is a property management software application built for landlords managing multiple properties. This rent management app excels at task management for maintenance issues, rent payments from tenants, lease signing, and a range of other features for landlords and property managers.”
TenantCloud Key Features
- Online rent collection tool
- Tenant chat and task management
- Automatic invoicing and late fees
- Screen tenants
- Property listings and online applications
- Accounting capabilities
- Maintenance and repair tracking
TenantCloud Pricing
TenantCloud Pros and Cons
Pros
- TenantCloud is best suited for landlords with larger portfolios.
- List properties on multiple sites, chat with tenants, and stay on top of maintenance tracking all on one platform.
- TenantCloud allows landlords to charge late fees for missed payments.
Cons
- If you have less than 20 units, TenantCloud might be costly.
- Other solutions might work better than TenantCloud if you need in-depth financial details.
Avail Overview
Avail property management software has comprehensive features to market rental properties, draft lease agreements, manage tenant communications, and accept online rent payments. The free subscription plan is a solid pick for new landlords, or you can pay $7 per property for the premium version.
Avail Key Features
- Syndicated rental property listings
- Avail tenant screening
- Rent tracking and online payments
- Rental property accounting
- Online tenant portal
- Maintenance management
- Lease builder
Avail Pricing
Avail Pros and Cons
Pros
- Post rentals on multiple listing sites.
- Offers a no-cost option with basic features.
- Auto-generated payment receipts.
Cons
- The reporting feature needs improvement.
- Limited to lease documents, with no space for other files.
Baselane vs. Avail and TenantCloud
Baselane is an all-in-one property management solution. Like Tenant Cloud and Avail, Baselane offers a range of features to help simplify tasks for landlords and renters. However, Baselane stands out from Avail and Tenant Cloud thanks to its modern and intuitive interface that integrates rental property financial management features like landlord banking, online rent collection, automated bookkeeping and more.
Landlord Banking:
- No monthly fees or minimum balance requirements.
- Unlimited checking accounts and savings accounts per property to organize income, operating expenses, security deposits, projects, and more.
- Earn up to [v="apyvalue"] APY2 and unlimited [v="cashback"] cash back3 on debit card purchases.
- Physical and virtual debit cards with spend controls and Schedule E auto-tagging.
- One-time and recurring payments and transfers.
- No-fee cash deposits and withdrawals at over 55,000 Allpoint ATMs.
- Mobile check deposits and on-demand checkbooks.
Online Rent Collection & Tenant Management:
- Free online rent collection for landlords via ACH and card.
- Automated rent payments, reminders, and late fees.
- Real-time payment notifications and payment tracking.
- Dedicated Baselane tenant portal with auto-pay option.
- Tenant screening reports.
- Digital lease documents and e-sign.
- Maintenance and repair request management.
Accounting and Bookkeeping:
- Automated income and expense tracking.
- Consolidated ledger for Baselane banking and external account transactions.
- Capture receipts and add notes.
- 1-click categorization with 120+ real estate-specific categories based on Schedule E.
- On-demand financial reports and downloadable tax package.
Financial Reporting Capabilities:
- Real-Time Insights: Easily search and filter insights for real-time visibility into property performance.
- Track Cash Flow: View consolidated transactions in one place for cash flow reporting and analysis.
- Generate P&L Statements: Generate detailed Profit and Loss statements for each property.
- Maximize Returns: Identify cost savings and optimize financial management to enhance returns on investment.
Additional Features of Baselane
- Loan Options: Access competitive rates on rental property loans.
- Landlord Insurance: Get affordable pricing and comprehensive coverage.
- Unlimited Properties: Manage finances for multiple rental properties.
- Lease Agreements: Download or e-sign custom local leases.
- Free Rental Property ROI Calculator: Easily calculate returns on potential rental property investments.
Case Study: Managing Security Deposits With Baselane Banking
Challenge: John is a landlord managing 10 properties across three states. He struggled with tracking security deposit payments from tenants and lacked banking tailored for landlords.
Solution: John switched to Baselane banking, immediately benefiting from:
- Dedicated Accounts: Each property has a dedicated account to collect, hold, and track security deposits, preventing mix-ups and ensuring organized returns.
- Banking for Landlords: John can earn high interest on deposits, accept monthly rent online, collect cash back, and automatically track income and expenses.
Outcome: John saved 5 hours every month and minimized accounting and security deposit errors.
John’s Words:
“Baselane transformed my rental business, blending property management tools with rental-specific banking. It’s a game-changer for landlords like me.”
Final Thoughts
Comparing Tenant Cloud vs. Avail highlights the benefits of property management tools. They can simplify day-to-day tasks for landlords and property managers, saving time and money on real estate investing. Unlike Tenant Cloud and Avail, which charge fees, Baselane offers premium features for $0 per month.
Watch our demo to see how Baselane can help you manage your rental property finances, banking, accounting, and more.
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