As a landlord, managing rental properties can be a time-consuming and stressful task. Finding tenants, collecting rent payments, and dealing with maintenance issues can be a challenge to track. Fortunately, there are many free landlord software options available to help streamline the process.
Some key features of landlord software include online rent payment processing, tenant screening, lease management, and maintenance tracking. There are services that include one or all of these features and can range from free to a monthly subscription.
When it comes simply to income and expense tracking, RentalIncomeExpense.com is a great solution for landlords.
RentalIncomeExpense.com is free and designed specifically for landlords. It follows the same income and expense categories as those on Schedule E of Form 1040. Landlords simply record income and expenses as incurred and assign them to existing income and expense accounts. Its Schedule E helper report makes tax time fast and easy for landlords and their accountants. In addition to the Schedule E helper report, RentalIncomeExpense.com provides landlords with a profit and loss report which helps them understand how well their rental property business is doing.