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Top 6 Best Free Property Management Software for Rental Property Investing

Ethan Lieber
March 14, 2024

Rental property investing is one of the best ways to make money, build wealth, and attain financial freedom through real estate. With populations ever growing and more and more people looking for places to live, this industry is booming and shows no signs of slowing down.

However, running and managing rental properties can be a time-consuming and complicated task. To make things much easier for you as a property investor, you should have the right tools in hand.

Enter the property management system (PMS). This type of software is designed to make managing rental properties easier by automating processes and streamlining workflows. It allows you to organize data from multiple sources in one place, making it simple to find the information you need quickly.

In this article, we will cover the top six best property management software solutions available today. We will go over what each of these tools can do and how they can help you manage your rental property investments more effectively and efficiently.

So, let’s get started!

Excellent Property Management Software to Use for Free

There are a lot of software solutions that can help you get started in rental property investment and make it easy for you to manage your properties. Here are six of the best that you can consider in 2024, especially when you are just starting out and on a limited budget.

1. Latchel
2. Turbo Tenant
3. Avail from Realtor.com
4. TenantCloud (Forever Free Trial Version)
5. Innago
6. Landlord Studio


1. Latchel

Latchel is a software platform that enables property managers to be more responsive and offer better perks while also creating a new revenue stream so they don’t have to choose between happy tenants and a healthy bottom line. This platform is specifically built to help you stay organized and automate tedious tasks related to maintaining your rental property with its built-in system, all while enhancing your resident experience.

Notable Software Features
Automated Maintenance Coordination

With Latchel, you can easily take all maintenance calls and requests, 24/7/365, as well as automate all the tedious aspects of the maintenance coordination process based on your specific workflows. Anytime your tenants have a request or issue, you can take action quickly.

Latchel has a dashboard where you can track all aspects of maintaining your property, from work orders to appointments. This helps you save more money through streamlined maintenance operations. Click here to learn more about Latchel’s maintenance features.

Resident Benefits

Your tenants are your lifeblood as a rental property investor. With that in mind, Latchel sees to it that residents will have the best experience too when offering Resident Benefits.

This product provides your tenants with a centralized hub where they can access dozens of lifestyle and financial perks. The best part is, these resident benefits are completely optional, so if you’ve ever hesitated on implementing a resident benefit package in the past due to legislative constraints and local rental laws, this is the perfect work around.

One of Latchel’s customers who manage 6,200 units is averaging a 45% opt-in rate from their tenants, making an additional $315k per year in revenue.

Click here to learn more about Latchel’s Resident Benefits.


2. TurboTenant

TurboTenant is a cloud-based property management software that helps you manage and optimize your rental properties. It offers everything from tenant screening to automated rent collection, allowing you to streamline your entire rental process from start to finish.

You can also use TurboTenant to set up online applications, market vacancies, track leases, and maintenance requests, securely store relevant documents, run background checks on prospective tenants, and much more.

The software is totally free for landlords, allowing small property owners or those just getting started in real estate investing the opportunity to access quality tools without breaking their budget.

Notable Software Features
Rental Advertising

With TurboTenant, you can build one professional listing for your rental property on multiple listing sites. You can upload photos, videos, and descriptions to make your property stand out from the competition.

Online Tenant Screening

TurboTenant makes it easy to run background checks on tenants with its built-in screening tool. It provides detailed reports that include criminal records, credit history, and evictions, all within a brief period of submitting a request.

Lease Agreement Customization

This software also offers you the ability to customize your lease agreement with ease. You can select from pre-made templates or create a custom one, and you can also add clauses, like pet policies, late fees, renewal options, and more.


Online Rent Collection

Unlike other free property management systems, TurnoTenant allows you to automate rent payments, and you can do it online! With its secure tool, it can be easy to connect your bank account and collect rent from tenants directly. It also sends out friendly reminders to ensure that your payments are always on time.

Integrated Property Accounting Tool

TurboTenant comes with an integrated accounting tool that allows you to track all of your rental expenses and income. You can easily view details, such as tenant payment history and property expenses. This tool is especially useful for landlords who are managing multiple properties and need a way to keep everything organized in one place.

3. Avail from Realtor.com

Avail from Realtor.com is designed to improve the rental experience of landlords and tenants alike. With Avail, you will be able to reach thousands of renters in your location fast! You can just create a single listing, and it will automatically post it on multiple rental websites, including realtor.com.

Avail also makes rent collection a breeze. In just a few clicks, you can quickly schedule rent payments for tenants and receive the money directly into your bank account.

Furthermore, Avail will also help you take care of tenant-related tasks, such as screening, lease agreements, and maintenance requests.

Notable Software Features
One-Click Listing

Avail makes it easy to list your rental property on realtor.com and other rental sites with its one-click listing feature. All you have to do is enter some basic information about your property, upload it, and you are good to go!

Easy-to-Use Rental Applications

This software offers easy-to-use rental applications for screening and onboarding new tenants quickly. It will help you pre-qualify potential applicants before they can apply, so you know who the best fit for your property is.

Automated Rent Collection

With Avail, rent collection has never been easier! You can set up automated rent payments with just a few clicks—all without having to send out manual reminders or take time away from managing other aspects of your business.


Lease Agreement Builder Tool

When it comes to creating leases, Avail’s lease builder tool makes it simple and straightforward. It has detailed lease templates and disclosures that you can customize to fit your needs.

4. TenantCloud (Forever Free Trial Version)

TenantCloud is another cloud-based rental property management software that allows you to advertise your properties online, track rent payments, generate invoices, and much more. It also offers an impressive suite of features for landlords who are just starting out in property management.

By using TenantCloud, you can interlink multiple features, such as tenant applications and leases, to streamline the rental process from start to finish. It also helps you stay on top of all maintenance and repair requests with its system.

Notable Software Features
Rental Advertising Platform

TenantCloud makes it easy to list your property online by providing a comprehensive rental advertising platform. You can upload photos, videos, and descriptions in one place! The software will then post your listing on various websites so that potential renters can easily find it.

Online Tenant Applications and Rent Payments

The software comes with an easy-to-use application builder tool that allows you to collect information from prospective tenants quickly. Like other property management software solutions, it also offers an automated rent payment system so that you can collect rent from tenants without having to send out reminders or manually track payments.

Automatic Listing Syndication and Premium Lead Generation

If you are looking for a way to list your property on multiple websites at once, then TenantCloud is the software for you. It comes with automatic listing syndication so that you can post your rental listing everywhere without having to do all of the work manually.

Its premium lead generation feature also allows you to promote your listing on top websites and target potential tenants who are interested in your property.


Maintenance Bidding

TenantCloud provides a maintenance bidding system that allows you to invite contractors and other service professionals to bid on any repair or maintenance work needed for your property. This helps ensure that you get the best deal for all of your projects.

5. Innago

If it is your first time buying a vacation home to rent out, then Innago is the perfect software for you. This free property management solution offers a wide range of features to help you manage your rental investment efficiently.

Innago makes tenant screening and rent collection easy with its online applications and automated payments platform. You can also use this software to set up customized rules and regulations, such as pet policies and late fees, for each guest.

Notable Software Features
Quick Tenant Screening and Tracking

Innago offers an efficient online tenant screening process that allows you to quickly review and approve rental applicants. The software has a tracking tool for keeping track of lease agreements, signatures, move-in inspections, and more.

Digital Document Signing

This software makes it simple to execute digital lease agreements with its built-in document signing feature. Your tenants can sign documents online quickly, without having to come into your office or meet with you in person.


Tenant Communication and Work Order Management

Innago also has an in-app messaging system that allows you to communicate with your tenants and ensure all their requests are taken care of. It also comes with a built-in work order management tool so that you can easily stay on top of any maintenance or repair projects.

6. Landlord Studio

Last but not least, we have Landlord Studio. This free all-in-one rental property management software solution combines all the tools that you need in a single easy-to-use platform. Built by landlords for landlords, Landlord Studio is designed to help rental property investors save time and money.

Notable Software Features
Online Rent Collection

Landlord Studio makes rent collection hassle-free with its online payment portal. You can set up automated rent payments and even issue reminders to tenants who might be late with their payments.

Streamlined Rental Income and Expense Tracking

The software comes with an intuitive income and expense tracking system that can help you keep track of all your rental expenses and income. This helps you quickly identify any deductions that you can claim on your taxes.


Accountant-Approved Reports

Landlord Studio can generate business reports in various formats to help you stay on top of all your finances. This means that you can keep your accountant in the loop when it comes to rental property management.

There you have it! With these six property management solutions, rental property investing will be much easier in 2024. However, you must remember that some free software would also come with limitations. If you want to scale up your business, you should consider using full-featured solutions.

Try Using Latchel Now!

Rental property investing is so much easier with the right tools in hand. Whether you are just starting out or expanding your portfolio, each software offers functionalities that can help you be successful.

If you want to streamline your property maintenance, improve your tenant experience, and increase profitability, then Latchel is the perfect solution for you. Our property management platform provides all the tools and features necessary for running an efficient property management business. Click here to request a live demo today. And if you’re managing under 50 units, our standard plan is designed just for you. Try it Free today by clicking here – no credit card required.

Top 6 Best Free Property Management Software for Rental Property Investing

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Unlock the Potential of Digital Insurance
Launch a tailored renter's insurance program

Sure provides tailored renter’s insurance that enables property managers, owners, and residents to protect their property, minimize risk, and experience the peace of mind that comes with the protection of your assets and business.

Most leases require renters insurance. So, we’ve partnered with Sure to provide that option for your residents. While residents aren’t required to use Sure to meet the renter’s insurance requirement, this is still a convenient option you can offer to your tenants. 

All services and products are provided by Sure, not Latchel subject to Sure’s terms and conditions.

Property Inspection Platform
Automate and Organize Inspections with RentCheck

Make Inspections Easier
RentCheck saves time by enabling residents to complete inspections on their own. Customization and automation ensure the job gets done.


Stop Wasting Time
Schedule inspections for all stages of the lease cycle at any cadence you choose. RentCheck handles the reminders.


Instantly Submit Work Orders
Take advantage of Latchel's integration with RentCheck to instantly submit a work order for any maintenance issues that pop up on an inspection.


Modernize Your Process
Easily compare new and existing inspection reports, side-by-side, and avoid security deposit disputes.


Prompt Routine Filter Changes and Resident Tasks
Schedule resident reminders to replace filters and other upkeep tasks over the course of the lease lifecycle.

To learn more about RentCheck, talk with a Latchel benefits expert today. All services and products are provided by RentCheck, not Latchel, and subject to RentCheck’s terms and conditions.

Affordable Pest Control

Access world class pest control for a fraction of the normal price. No need for new software or a complicated setup.


Easy Pest Control
Residents simply reach out to Cover Pest if there is a pest issue, and Cover Pest takes it from there.


Clarity on Who Pays the Bill
No more awkward conversations about who is responsible for the bill! With Cover Pest as a resident benefit, residents get pest control for covered pests without an additional cost.


Vendor Sourcing
No more sourcing for vendors! Cover Pest will source and coordinate with vendors for each pest control request

To learn more about Cover Pest, talk to a Latchel benefits specialist today.  All services and products are provided by Cover Pest, not Latchel, and subject to Cover Pest’s terms and conditions.

Air Filter Delivery Subscription

FilterTime is an air filter delivery service that makes it easy and convenient for residents to replace their air filters. FilterTime customers can protect their HVAC system, reduce dust and pollen, save money on energy costs, and more by leveraging this delivery service.


Reduce Labor for HVAC Issues
Filter delivery service results in a 38% reduction of total HVAC ticket requests.


Cost Savings on HVAC Repairs
Average HVAC repair costs have increased by 48.7% year over year. an air filter delivery subscription can cut costs up to $250-300 per property per year.


Energy Reduction
Filter delivery is saving residents $14.82 per month in energy costs.

How it works:

Choose from almost every size and type of air filter including custom-made sizes

Choose how often you want your filters delivered


 A box of brand new air filters delivered to your resident’s front door

To learn more about FilterTime, talk with a Latchel benefits specialist today. All services and products are provided by FilterTime, not Latchel subject to FilterTime’s terms and conditions.

Boost resident satisfaction and drive good resident behavior through a rewards, incentives, and credit building program

Drive On-Time Rent Payments
Piñata rewards renters for on-time rent payments through Piñata cash, and boosts renter's credit scores for online payments.


Boost Resident Satisfaction
$30 gift card to use at select brands and businesses, $25 restaurant card, 720 annual Piñata Cash to use on rewards, Early lease renewal gift.


Attract and Retain Renters
2 out of 3 renters prefer properties with rent reporting. Plus, residents get incentives for early lease renewals.


Rewards Residents Love
Residents can use Piñata Cash on brands they know and love, such as: Starbucks, Amazon, Sephora, Lego, Target, Walmart, Home Depot, Lowes, Doordash, Best Buy, and many more!

Piñata Cash

Residents easily earn Piñata Cash any day of the month by doing things like taking surveys, referring friends, or trying out new products.

Residents also get access to big-ticket giveaways, limited drops and super surges!

And, with exclusive access to our marketplace with over 300,000 deals, residents can squirrel away up to $4,500 annually.

To learn more about Piñata, talk with a member of our benefits team today. All services and products are provided by Piñata, not Latchel subject to Piñata’s terms and conditions.

Master Liability Insurance

Now you have one less thing to worry about with a Master Liability Policy through Obie.


Affordable Coverage
Affordable policies available with liability coverage starting at $100,000 and up to $300,000 to meet any property manager insurance requirements.


Stay 100% Compliant
Master policy provides $100,000 for management companies and owners by ensuring 100% of occupied homes and units are covered for property damage liability issues relating to resident negligence.


Peace of Mind
Liability coverages include perils such as fire, smoke, water, explosion, overflow of sewer, and many others that provide coverage for damages you (the resident) may cause to your unit or home


Personal Liability
Personal liability coverage is automatically include to protect you against claims where you may be considered legally liable. (Bodily injury claims, dog bite claims, and more)


Additional Coverages
Additional/expanded coverages are also available. (Pet damage, identity fraud, theft/vandalism, and more are available!)

All services and products are provided through Obie and are subject to Obie’s terms and conditions.

👋 Join us for a special webinar Thursday, January 11th