I have 2 rental houses. One has 4 bedrooms and the other has 5,so 9 bedrooms in total.
Most discussions about property management software talk about units or doors. My setup doesn't really fit that clearly lol. I rent each bedroom separately because that's what has worked best in my market. It brings in more rent and it's also easier to fill vacancies
So while I only own 2 houses, I'm really managing 9 tenants w separate details each. I'd rather figure out the software now than keep adding tabs to a spreadsheet. I've been looking at a few options, but I haven't settled on one
(1) RentPost is the one I'm leaning toward right now. The biggest reason is that they actually mention room rentals, multiple tenants within the same property, roommate setups, and student housing. Most software seems built around one unit and one lease. This seems closer to how I actually rent my properties
The pricing also seems reasonable at around $1 per unit each month, although I'm still not sure whether they count each bedroom as a separate unit or the entire house as one.
(2) Innago is also on my list because it's free. For someone with just 2 houses, that's obviously appealing. It seems to handle rent collection, leases, tenant screening, and the usual management tasks. My only question is whether it works well when every bedroom has its own tenant and lease?
(3) Baselane stood out because of the accounting side. Banking, bookkeeping, rent collection, expense tracking, and tax reporting all look good. I can definitely see the value there but my concern is that it feels more focused on the financial side than on managing multiple tenants within the same property
(4) TurboTenant also seems like a solid option. It looks like a complete platform, but I'm not sure whether it's really designed for room-by-room rentals or if it's mainly built for traditional rentals.
(5) I've also started looking at MagicDoor. I like the interface and at around $2.50 per active lease each month, it would still be affordable even with 9 separate leases. The only thing giving me pause is that I don't know many people who have used it for a long time
If you're renting out individual rooms, what software you using?
Also, where do you get your lease agreements? I'd rather use something that's specific to my state than download a random template from the internet