Most tools in this category are built for portfolios and priced accordingly. This one has no unit minimum, sets up in under an hour, and gives you real books for one door.
Reflects Rentwelly's positioning and common market observations; verify current features and pricing with each vendor.
It is worth being straight about this: plenty of people run one property on a bank transfer and a spreadsheet, and it works. If that is you and nothing hurts, you do not need to change anything.
The three moments that usually change the calculation are a tenant who pays late and needs chasing, a maintenance issue with receipts you will want to deduct later, and the first tax year where you realise you are reconstructing twelve months of activity from memory and bank statements.
The fourth is buying a second property. That is when a shared insurance bill needs splitting across two buildings and a single spreadsheet column stops being able to tell you which property is actually making money.
No unit minimum and no quote call. A single-property landlord should not pay portfolio pricing to collect one rent payment a month.
Schedule E figures and deductions come out of a ledger that was correct all year, instead of a spreadsheet you rebuild from bank statements each spring.
A portal for paying rent, seeing the balance, and filing maintenance requests. With one tenant this is mostly about not being on call by text.
Per-property books and shared-bill splitting are already in place, so buying another property does not mean migrating to a new system.
Related: software for small landlords, managing your first rental property, and Schedule E and 1099s.
Free for 14 days, no credit card. Under an hour to set up, and April takes care of itself.
Honestly, not always. If your tenant pays reliably by bank transfer and you are comfortable with a spreadsheet at tax time, you can run one door that way for years. Software starts earning its keep when you want rent collected automatically, a place for the tenant to go that is not your phone, or figures at year end you did not have to reconstruct.
No. Rentwelly starts at $29/mo for up to 20 units, so a single-property landlord pays single-property pricing. Most tools in this category are built and priced around portfolios, which is why they feel like overkill for one door.
Year end, mostly. With one property it is easy to keep a rough spreadsheet all year and then spend a weekend in April reconstructing what happened. A real ledger means Schedule E figures, deductions, and the deposit position are already correct because every payment posted when it happened.
Yes, and that is the usual reason people set it up properly at one door. Adding a property is adding a property — the chart of accounts, per-property P&L, and shared-bill splitting are already there, so a second purchase does not mean starting a new system.
Usually under an hour. One property, one unit, one lease, one tenant, and an opening balance. There is a CSV importer if you already have history to bring across.
More on the pricing page or contact us.