Managing rental properties can be challenging, especially for do-it-yourself (DIY) landlords who need to juggle multiple responsibilities on their own. From tenant screening to rent collection and property management, the efficiency of these tasks significantly impacts profitability and tenant satisfaction.

In today's technology-driven world, landlord software has become an essential tool for streamlining these tasks. This article explores three popular software options available: TurboTenant, DoorLoop, and Stessa. Our goal is to compare these platforms to help Tampa landlords choose the most suitable solution for their needs.

Key Features to Consider in Landlord Software

When evaluating landlord software, you need to identify the key features that meet your requirements. Here are the main elements you should consider:

• Tenant Screening and Applications: Look for platforms that offer comprehensive tenant screening options.

• Rent Collection and Payment Processing: Efficient systems for collecting rent online and tracking payments are vital.

• Lease Management and Document Storage: Software should facilitate lease management and provide a secure place for documents.

• Maintenance Tracking and Communication: Features that allow you to manage maintenance requests and communicate with tenants will enhance your efficiency.

• Accounting and Financial Reporting: Effective accounting tools help you maintain accurate financial records.

• Cost and Scalability for Growing Portfolios: Choose software that can grow with your needs without becoming prohibitively expensive.

In addition to these core features, consider the importance of user-friendly interfaces and mobile accessibility. A platform that is easy to navigate can significantly reduce the learning curve for both landlords and tenants, making it more likely that everyone will utilize the software effectively. Mobile accessibility is particularly important in today's connected world, allowing landlords to manage their properties and respond to tenant inquiries on the go so that no urgent issue goes unaddressed.

Integration capabilities with other tools and services can enhance the functionality of your landlord software. For instance, the ability to sync with accounting software or property management tools can streamline operations, reduce the risk of errors, and provide a more comprehensive view of your property management activities. Additionally, consider whether the software offers customer support and training resources, as having access to assistance can be important when navigating new technology or troubleshooting issues.

TurboTenant: Overview and Best Use Cases

TurboTenant presents an excellent solution for DIY landlords, especially those managing a small number of properties. It offers distinct advantages.

Key Features

Some of its standout features include free tenant screening, online lease signing, and automated rent collection reminders. The platform also supports basic maintenance request tracking, making it a useful tool for landlords.

Pros and Cons

The major pros include:

• Free for landlords, with tenants responsible for application fees.

• User-friendly interface catering to small-scale landlords.

• No long-term contracts required, providing flexibility.

However, TurboTenant has its limitations:

• It lacks comprehensive accounting features.

• There are no built-in maintenance management tools.

TurboTenant is best suited for small DIY landlords seeking an affordable, straightforward solution.

DoorLoop: Overview and Best Use Cases

For landlords with a multitude of properties, DoorLoop is a robust alternative. It provides a comprehensive approach to property management.

Key Features

This platform includes detailed property management capabilities, accounting integration with QuickBooks, customizable workflows, and a mobile-friendly platform for on-the-go access.

Pros and Cons

Advantages include:

• Powerful features suited for medium to large property portfolios.

• Advanced reporting and financial tracking capabilities.

• Excellent customer support and onboarding processes.

On the downside:

• A monthly subscription fee starting at $69.

• May present a learning curve for new users.

DoorLoop is ideal for landlords managing multiple properties requiring an all-in-one management solution.

Stessa: Overview and Best Use Cases

Stessa caters to the needs of investors and landlords who emphasize financial tracking.

Key Features

Key capabilities include automated financial tracking, free rent collection, performance dashboards for ROI analysis, and tax preparation tools.

Pros and Cons

The pros of Stessa are significant:

• Completely free access to core features.

• Strong accounting and financial tools.

• Designed for real estate investors with multiple properties.

However, it does have drawbacks:

• Lacks tenant screening and lease management tools.

• Limited overall property management functionalities.

Stessa is best for investors focused on tracking financial aspects rather than tenant interactions.

What If DIY Property Management Isn’t for You?

While managing properties on your own saves money, it can also consume significant time and effort. Tasks like tenant screening and maintenance coordination can quickly become overwhelming.

When to Consider a Property Management Company

Consider hiring a property management company if:

• You own multiple properties and struggle with day-to-day management.

• You live far from your rental properties and require local assistance.

• You prefer a more hands-off investment approach.

• You find dealing with tenant issues or legal matters to be difficult.

Pros and Cons of Professional Property Management

Benefits of hiring professionals include:

• Expert handling of marketing, tenant screening, rent collection, and maintenance.

• Ensuring compliance with laws and regulations.

• Freeing up your time by leveraging professional expertise.

However, potential downsides include:

• Management fees that typically range from 8% to 12% of monthly rent.

• Less control over personal tenant and property decisions.

How to Choose a Property Management Company in Tampa

When selecting a property management firm, keep these points in mind:

• Look for local expertise and proven tenant placement strategies.

• Check reviews on Google and ask for referrals from other landlords.

• Ensure clarity regarding fees and contract terms before making a decision.

Which Software (or Approach) is Right for You?

Choosing the best software or management approach depends on your needs and circumstances. Here are some tailored recommendations:

• TurboTenant: Ideal if you seek a simple, free solution for tenant screening and rent collection.

• DoorLoop: Choose this platform if you require a comprehensive, all-in-one solution for managing several properties.

• Stessa: Best suited for those who prioritize tracking rental income and investment performance.

• Property Management Company: Consider this route if self-management feels too time-consuming.

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

Ultimately, the best choice will depend on the size of your property portfolio, your available budget, and your preferred management style. Tampa landlords should carefully consider their needs and explore free trials or demos whenever possible before committing to a specific platform. 

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 Tampa property management team today!

Disclaimer

All claims are a result of an industry-wide audit carried out by our in-house team. If we missed something or have provided incorrect information, please reach out via email at marketing@evernest.co