Landlord Max Property Rental Management Software Review
Hey, I hope 2008 is going great so far! This year should be a great year to buy up a bunch of property below market value. That’s my goal this year!
Anyhow…
Last week we reviewed Quicken Rental Property Management 2.5 software for a couple readers who emailed me asking about our thoughts on rental property management softwares. Check our our review of Quicken through that link above (and a $10 coupon for Quicken Rental Property Management 2.5 if you like it)
In my opinion, Quicken Rental Property Management 2.5 is excellent for people with less than 20 units. It just doesn’t have enough features for me… for more than 20 units.
So…
This week, I thought I should review a couple rental property management software packages that are more robust and better for those real estate investors or property managers who want to manage more than 20 units.
So, here we go…
Landlord Max Property Rental Management Software - Is it any good??
LandlordMax is a property 
rental management software that is up a level from Quicken . Not that Quicken isn’t a great product… it is… but LandlordMax has more features and is overall a more functional and robust system for people that want more than the basic features Quicken offers .
The price point of Landlord Max is $147 . Compared to Quicken this is about $60 more… but as you’ll find in the video below… it may be well worth it (I’m actually switching over to LandlordMax).
Also, we’ve decided to throw in our package of landlord forms (value of about $97) for you if you like LandlordMax and buy it through the links on this page. (just email me your receipt and I’ll send you a zip folder packed w/ great landlording forms I use )
I recorded a screen cast of me going through LandlordMax and showing you ALL of the pros and cons of the software. Take a look at it below… there’s some great features in this property management software.
(video is just about 20 minutes…. I go in huge detail on the software and what it does)
Click the play button to start video
*If you’re having trouble viewing the video above, follow the link below to watch it directly at the video hosting site:
Click Here To View Video If You Can’t View It Above <<
Here’s the link to get the Free 30 Day Trial <==
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"Cliff Notes" Version of My Review on LandlordMax:
Okay, overall I was very impressed with Landlord Max and the product they’ve put together. By looking at their website they have won a bunch of awards apparently for this software… and I can see why.
Landlord Max is a pretty easy to use software, has a ton of advanced features, can easily manage multiple properties and pretty much as many units as you want, has a ton of great reports… and is priced very reasonably (just $147) for a property rental management software of this caliber.
The Pros:
- A ton of features … you can track very detailed information about everything from tenants, properties, landlords, vendors, units, financials, etc. I can’t think of much more that I would want to track (although I’m sure there is something else this could track… I just can’t think of it). Extra add-on’s it has is a "to do" list area, amortization analyzer, receipts area, invoices, and a bit more.
- Pretty darn easy to use . It’s very easy to use… not as easy as Quicken… but anyone who can sign into an email account can use this software.
- Store images . I love it how you can store images in tenant files, for properties, etc. This is one feature I hated about Quicken. I like to scan the drivers licenses, applications, etc. of my tenants… and you can keep property related pictures in there too.
- A ton of valuable reports . I didn’t count the number of reports that LandlordMax has… but it had every report I want for my business. You can do the basic financial reports that Quicken does… but you can also get specific tenant, unit, landlord, property, vendor, etc. reports so you can do better business analysis. In addition, the reports are automatically formatted in an attractive print ready format.
- You can track late rents with easy color coded entries (see video of how this works at the Landlord Max site on their homepage )
- Color coded accounting entries for quick reference
- 30 Day money back guarantee - even after the 30 day trial… if you buy it and decide you don’t like it… you can get a refund.
- 30 Day Free Trial
What I Didn’t Like About Landlord Max…
- Doesn’t have a "home base" page where you can see a snapshot of the properties performance. As you saw in the Quicken video , Quicken has a nifty page they call the "Rent Center" where you see a snapshot of the financials for all of your properties. Landlord Max lacks that… but it isn’t a huge deal.
- This is picky… but it would be cool to have automatic "move out" reports (I mentioned this for Quicken as well)… but this feature is usually only seen in higher priced software programs ($500 and up)… so it’s not a big deal.
- Doesn’t have integration of your bank accounts or a built in check register like Tenant File does.
Really… I have a tough time finding a ton of things I don’t like about the software . Maybe after I use it everyday for a couple months I may come up with a few features that bug me… or that I would like to see… but after going through it really in-depth today… I am extremely pleased with LandlordMax .
My Overall Impression of LandlordMax Property Rental Management Software??
I’m actually pretty impressed with LandlordMax. Going into it for some reason I didn’t have big expectations. But, once I got the free 30 day trial… dug into it… and saw what it can do… I can’t think of a whole lot bad to say about it.
For me, this software is a good hybrid between a commercial rental property management software (ones for $500+ for property management companies) and Quicken (which is an excellent and simple software for people with less than 20 units).
You get the lower price of a consumer property management software… with most of the advanced features of a $500+ commercial property management software.
I think this software is great for people with 10 to 100+ units . It can easily handle multiple properties and multiple landlords (or owners), provide advanced reporting, and make it easy to track detailed information on all aspects of the investment.
How Do I Grade It? (out of 5)
Design: 
4
Affordability: 4
Features: 5
Ease of Use : 4
Overall (10-100+ units): (and a half) 4.5
In my opinion, if you’re looking for a property rental management software to manage your portfolio of real estate between 10 and 100+ units… I really like this software to do that. I am actually going to be switching over to LandlordMax to manage my properties sometime this month.
So, that’s it for our second review of rental property management software . Our first review was for:
- Quicken Rental Property Management 2.5 <== Check out the video review
Or, check out this newer review of a great software package that actually earned our highest rating to date (as of June 2008)
- Tenant File Software <== Check out the video review
If you are interested in taking LandlordMax up on their Free 30 Day Trial, click the link below and download the Free Trial (fully functional software).
Or, if you are ready to buy LandlordMax, click the link below. Remember, when you buy through our links, send me your receipt and I’ll send you our entire package of landlord / property management forms and documents for your business (worth $97). These forms aren’t on our site… this is the only you can get them.
(I’ll be reviewing another property management software package or two over the next few weeks. Keep tuned… and subscribe to our RSS Feed .)
Hey, my name is Trevor and I'm the founder of The REI Brain and a real estate investor since the age of 21. Right now, my focus in real estate investing is multi-family income properties and I have plans on moving more into the commercial real estate investment world in 2008 and beyond. 
Wow, great summary…Well I’ve used quicken and used to use yardi but then just formed my own proprietary over the years and works for me….But absolutely love the site tons of information and great articles, keep up the good work, thanks from http://www.republicpm.com
<p>Thank you for the excellent article. I have downloaded the trial version of LandlordMax for evaluation and for possible recommendation to an investor who I am helping. If he orders a license, we will do that through the link that you provide on your web site.</p>
Have you taken a look at http://www.nichesw.com?
Hey Mel,
Thanks for the compliments! No, I haven’t seen the Real Tools software. I just took a look at their site and shot an email to the owner to ask if I can do a review of their product.
I’ll let you know if/when they allow me to have access to their software to do a review. You might want to go sign up for our newsletter at the top of this page… we always notify our readers when we post new reviews, articles, etc.
Thanks for reading and I’ll see what I can do about the review.
Cheers,
Trevor
http://www.thereibrain.com
After watching video reviews, I purchased the Quicken software (manage fewer than 20 properties). Then I realized I have a Mac, so it won’t work with my computer.
Any suggestions for good software for a Mac??
(Also, I didn’t get the $10 discount though I purchased/downloaded it through your website. But unfortunately, I’ll have to return it now anyway.
Hope to hear from you soon.
Hey Rochelle,
Thanks for the comments!
Ya… Quicken is a great choice for less than 20 units… but they don’t support Mac right now which is a real bummer.
In fact… I’m searching right now for good property management softwares that do support Macs.
Hmm… not sure why you didn’t get the $10 discount for Quicken Rental property manager… did you use the links on the Quicken review page?
Or… this link:
http://www.thereibrain.com/quicken
… takes you right to the page w/ the discount built into the price and shows you the original price at $99… and the discounted price at $89. If you did use that link and it didn’t work still (it should have… but please let me know because I need to contact Quicken to find out why if not)… please let me know.
I’ll keep my eye out for a good Mac software and I’ll do a review once I find several that are worth your (and my) time.
Thanks again!
Cheers,
- Trevor
Jan 26th, 2008 at 11:34 am
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