Managing rental properties can be daunting for DIY landlords, especially in busy markets, like Atlanta. Efficient property management requires juggling various responsibilities, from tenant screening to rent collection. As the complexities of being a landlord grow, so does the need for effective software solutions to simplify and streamline these tasks. This article compares three popular platforms—TurboTenant, DoorLoop, and Stessa—aimed at helping landlords optimize their workflow.

Introduction

DIY landlords face multiple challenges. They often encounter issues related to tenant turnover, property maintenance, and legal compliance, which can become overwhelming without the right tools. Landlord software plays a vital role in easing these burdens, enabling them to manage tenant applications, collect rent, and keep track of maintenance requests all in one place.

The objective of this article is to help Atlanta landlords make an informed choice based on their specific needs and property management style.

Key Features to Consider in Landlord Software

When selecting landlord software, it's essential to consider several key features that can enhance property management efficiency. Here are the major functionalities that you should look for:

• Tenant screening and applications - Ensure thorough background checks to select reliable tenants.

• Rent collection and payment processing - Streamline rent collection with options for online payments.

• Lease management and document storage - Keep contracts accessible and organized electronically.

• Maintenance tracking and communication - Facilitate prompt communication for maintenance requests.

• Accounting and financial reporting - Generate reports for financial tracking and tax preparations.

• Cost and scalability for growing portfolios - Choose software that can scale with your business as you acquire more properties.

TurboTenant: Overview and Best Use Cases

TurboTenant stands out for its simplicity and user-friendly interface, making it ideal for small landlords. It helps tenants apply online and facilitates rent collection without much hassle.

Key Features

TurboTenant provides free tenant screening and applications, online lease signing, automated rent reminders, and basic maintenance request tracking. Collectively, these features simplify the fundamental tasks of property management.

Pros and Cons

The main advantage of using TurboTenant is its cost-effective approach, as it is free for landlords, while tenants pay an application fee. Its user-friendly design is another benefit, perfect for small-scale landlords managing a few properties. However, it does have limitations, such as restricted accounting features and a lack of built-in maintenance management tools.

Best for

TurboTenant is best suited for DIY landlords who manage a small number of properties and seek a straightforward, budget-friendly solution.

DoorLoop: Overview and Best Use Cases

Catering to those looking for a more robust property management solution, Doorloop’s comprehensive features make it ideal for medium to large property portfolios.

Key Features

This software includes extensive functionalities such as property management, lease tracking, accounting integration with QuickBooks, and customizable workflows. Its mobile-friendly interface allows landlords to manage properties on the go.

Pros and Cons

DoorLoop's strengths lie in its advanced reporting features and excellent customer support. However, it requires a monthly subscription beginning at $69, which may be a consideration for those on a tight budget. Additionally, new users may face a learning curve in adapting to the system.

Best for

It is best for landlords who manage multiple properties and need a more comprehensive management solution, offering a wide suite of tools.

Stessa: Overview and Best Use Cases

Stessa is uniquely focused on helping landlords, with automated financial tracking and reporting, making it a powerful tool for real estate investors.

Key Features

With features including free rent collection, expense tracking, performance dashboards, and tax prep tools, Stessa provides valuable insights into your property's financial health.

Pros and Cons

Stessa's main advantage is its completely free core features, along with strong financial tools. However, it lacks tenant screening and lease management functionalities, which may be necessary for some landlords.

Best for

This software is particularly suitable for investors who prioritize financial tracking and analysis over tenant management tasks.

What If DIY Property Management Isn’t for You?

While managing properties yourself offers potential savings, it can also require significant time and effort. Tasks such as tenant screening, lease compliance, and maintenance coordination can quickly escalate into overwhelming responsibilities. That’s why real estate investors looking to keep their investments passive choose to work with companies like Evernest.

When to Consider a Property Management Company

Some indicators that it might be time to hire a property management company include:

• If you own multiple properties and struggle with daily tasks.

• If you live far from your rental locations and need local support.

• If you prefer a hands-off investment style.

• If handling tenant issues and legal matters becomes challenging.

Pros and Cons of Professional Property Management

Hiring a property management company can provide several advantages, including professional expertise, compliance with local laws, and saving you valuable time. However, this service typically incurs fees ranging from 8% to 12% of monthly rent, and you might lose direct control over tenant interactions and property decisions.

How to Choose a Property Management Company in Atlanta

When selecting a property management company, consider the following:

• Look for local expertise and strong tenant placement strategies.

• Check their reviews and ask for referrals from other landlords.

• Ensure transparency regarding fees and contract terms.

Which Software (or Approach) is Right for You?

The choice of software largely depends on your needs. If you’re looking for a straightforward solution for tenant screening and rent collection, TurboTenant may serve you well. DoorLoop is a strong candidate for a more complete property management system. If your priority lies in tracking rental income and expenses, then Stessa's features might be the best fit.

Consider hiring a property management company if you find DIY management too challenging and prefer passive investment.

Wrapping Up: Top DIY Landlord Software in Atlanta: TurboTenant Vs. DoorLoop Vs. Stessa

Ultimately, the best approach for your property management needs hinges on your portfolio size, budget, and management style. Landlords in Atlanta should take the time to evaluate their specific requirements and consider taking advantage of free trials or demos of these software options before committing.

For those who find self-management overwhelming and seek to earn passive income, enlisting the services of a trustworthy property management company like Evernest is the most beneficial investment. Get started with our Atlanta property management team today!

Disclaimer

All claims result from an industry-wide audit conducted by our in-house team. If we missed something or have provided incorrect information, please let us know at marketing@evernest.co.