29th February 2024

Essential Property Management Tools: Top 5 Software Systems for Landlords

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Grow Insurance has collaborated with several estate agents in Swindon who oversee numerous properties and landlords. Inspired by this partnership, we’ve compiled a resource to share. 

Utilising property management software can assist you in maintaining control over your properties and might prove to be more cost-effective than engaging a letting agent. If you’re keen on managing your portfolio independently, take a moment to explore the advantages of property management software and evaluate five top platforms tailored for landlords. 

What is Property Management Software? 

When a tenant moves in, there’s a lot to manage—like keeping track of money, organising repairs, and updating paperwork. Property management software puts all these tasks in one spot, making things easier. It also saves time by automating some jobs and helps prevent mistakes. 

 

1.Landlord Vision  

 

Landlord Vision is designed to be simple software that assists landlords in handling their rental properties. It offers accounting services and gives access to legal document templates. You can also keep track of tenancy agreements, view tasks and deadlines, and get automatic reminders. 

 

There are three package options: 

 

Starter: This package includes management for up to five tenancies and costs £19.97 per month. 

Standard: With this package, you can manage up to 10 tenancies for £29.97 per month. 

Premium: This package allows management for up to 15 tenancies and costs £39.97 per month. 

 

2.Landlord Studio assists landlords in handling their accounting, maintenance, tax reporting, and finding new tenants. 

 

The software is designed to prepare landlords for upcoming changes with Making Tax Digital, starting from April 2026. 

 

Users have two options: 

Go: This option is free for managing up to three properties. 

Pro: The Pro package includes features like Xero integration, unlimited users, and unlimited storage. Pricing starts at £9 per month for managing three properties. 

 

3.Arthur  

 

Arthur offers a comprehensive management service tailored for landlords who prefer self-management. It assists in: 

 

Finding and communicating with tenants 

Managing finances 

Automating day-to-day property tasks 

Ensuring compliance obligations, like deposit storage 

Tracking repairs and maintenance 

 

You can select from three packages: Standard, Professional, or Enterprise, with prices ranging from £67.50 to £122.50 per month. 

 

Arthur integrates with various third-party providers, such as Xero for accounting and Fixflo for repair reporting. 

 

4.Property Hawk 

 

Property Hawk offers a free software service called PM3s, which has been utilised by over 80,000 landlords since 2006. 

 

Key features of this free software include: 

 

Access to forms like tenancy agreements and Section 21 notices 

Managing tenancy details such as meter readings and closing statements 

Tasks and reminders to stay organized with gas safety checks and electrical safety checks 

Keeping records of utilities and expenses 

Creating editable property inventories 

 

5. Xero

Xero is accounting software that landlords can utilise to automate invoices and financial reports, as well as prepare for Self Assessment tax returns. 

It’s important to note that many property management software systems integrate with Xero to handle their accounting tasks. However, if you solely need accounting support, using Xero on its own might be preferable. 

Landlords can use Xero to: 

Reconcile bank transactions such as rent payments 

Enter bills and expenses 

Review short-term cash flow 

Xero offers four packages, with prices starting from £3.75 a month for the Starter package and going up to £13.75 a month for the Ultimate package. 

 

Do you need property owners insurance? Or business insurance for your company? We are a specialist Commercial and Business insurance broker, providing cover for companies of all sizes. We understand that when it comes to your business, you need the peace of mind that comes with knowing you’re fully protected – no matter what happens. Get in touch today: Grow Insurance Partners (office365.com)