Rent Online Review - why 4.4 stars?

Shlomi Lavi / updated: Jul 02, 2022

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What is Rent Online?

Rent Manager Online is a cloud-based property management tool that is used that is designed to assist the management of real estate properties. These operations include accounting, leasing, marketing, maintenance, and many more. Some of the crucial features that support the functioning of this system include integrated accounting systems, property management database, electronic payments, as well as API integration.

All these features work together, thus enabling the user to manage their portfolio on the go. Rent Manager Online Is a product designed and launched by London Computer Systems (LCS). The company was incorporated in 1987 in the United States.

Who is it best for?

Rent Manager is good for both residential and commercial property management needs as it is designed especially for managing today real estate professional needs. The tool offers solutions for companies handling multifamily, single-family and commercial properties. Austin Fleck Property Management, Matchbox Realty and Mirelle Associates are some of the clients of Rent Manager.

Main features and functionalities

Every commercial and residential property out there needs a strong accounting system to manage their day to day accounts payable and account receivable details. Managing all these things can be difficult for a manager all by themselves.

That’s where Rent Manager can help. The software makes sure all the accounting needs are solved right in one place. The strong accounting system is also integrated with an effective property management/CRM database to offer automated accounting and reporting.

Users can try double-entry accounting to make the accounting reports perfect, monitor leasing agent performance, marketing campaigns, create and print work orders, track required inventory and items, follow residents current condition during the entire lease cycle, receive payments online in real-time, post advertisements to Cragilist, Zillo and Trulia, create a virtual post office where letters can be printed, mailed and stuffed and created reports can be drilled down to its source and can be checked how it was done.

There are some add-on features like integrated VoIP with NDT and comprehensive utility billing only available for RMO.

What is the actual cost?

The cost of license starts at $1 per unit/month. ITQlick pricing score is 5.4 out of 10 (10 is most expensive). Access ITQlick pricing guide for Rent Online. You can also find here pricing information from Rent Online's website.

Pros

• Rent Manager Online is a fully cloud-based property management solution that allows users to manage their portfolios anywhere
• The software has advanced and comprehensive accounting features
• Rent Manager Online has great support resources and personnel
• The software has an in-depth financial report.
• The accounting reports created by this tool are highly customizable and can help users to save a lot of time

Cons

• The Rent Manager Online software experiences lag that cause the system to slow down
• A steep learning curve.
• The software does not have a payroll integration
• The tool doesn’t have the option to create portals for the owners and renters where they can get direct access to their data
• It can be difficult to find all the features of this tool without training checking the software completely

How it stacks up?

Access a head to head analysis of Rent Online vs alternative software solutions.

Frequently Asked Questions (FAQs)

Is Rent Online right for you or your business?

Rent Manager Online is a cloud-based property management solution for companies that manage multifamily, single-family, short-term-stay, commercial properties, property owners, landlords, etc. The software is highly scalable and fit for small and large portfolios. Some clients that use Rent Manager Online include Alltrade Property Management, PacRim Properties LLC., and Heartland Property Management.