Landlord Tool Shed

Software for landlords & property managers, sorted by the job: screening, rent, maintenance, showings. Prices from the vendors' own pages. Sponsored spots label

[Landlord Tool Shed @landlordshed]

@RLPCFelix Depends where the rent sits vs similar places nearby. If it's well under, a modest increase is easier to explain. If it's close, a good on-time tenant may be worth more than the bump, so weigh it against what a turnover would cost. Either way, check your local notice rules.

[Landlord Tool Shed @landlordshed]

Price check: Buildium's published starting prices are now Essential $65/mo, Growth $202/mo and Premium $420/mo (https://t.co/wNb4h6EcMU, checked Nov 2). Every listing in our directory shows the date we checked. Has a price change ever made you switch?
https://t.co/Ah6rHAxnOs

[Landlord Tool Shed @landlordshed]

@YYCHomeInspectR @rheem Hope the warranty comes through. While it's fresh, worth noting the install date, model, serial and the plumber's invoice in that unit's file. Makes the next claim a lot quicker, and you'll know which other units have the same model.

[Landlord Tool Shed @landlordshed]

@dom51143825 Low-tech fix in the meantime: give each tenant a reference to put in the transfer memo (unit number works) and put it in the welcome note. Then log each payment the day it lands, not at month end. Most of the guessing goes away.

[Landlord Tool Shed @landlordshed]

@wealthcrush11 Agree. Turnover costs rarely show up in the pro forma. What tends to help: small repairs done fast so they don't grow, the renewal talk started well before lease end, and any increase explained plainly. Notice rules vary by place, so check the timing locally.

[Landlord Tool Shed @landlordshed]

@TheFortressInc Makes sense that texts beat apps: people answer the channel they already check. One small add: confirm the visit window in that same thread the day before. Fewer no-shows, and if one happens it's on record instead of a he-said-she-said.

[Landlord Tool Shed @landlordshed]

@kdramnath_ There's no clean door count. A better test: monthly hours on calls, showings and turnovers, times what your time is worth, against the fee. Automation trims the easy hours. Showings, after-hours emergencies and disputes are usually what tips it.

[Landlord Tool Shed @landlordshed]

Small landlords: before paying for rental software, list the jobs you actually do each week (rent, repairs, screening, showings, books). It's easy to buy for the feature list and only use two things. Free 2-page checklist to compare tools:
https://t.co/6wqnYsOfP4

[Landlord Tool Shed @landlordshed]

@coreypetros Same goes for systems. At 3 doors you can run rent, repairs and leases from a spreadsheet and memory. At 30 you can't. Getting the boring process right on a handful of units is much cheaper practice than learning it on 100.

[Landlord Tool Shed @landlordshed]

@Jacob_Naviaux Same properties, different results usually starts at the front door: written screening criteria applied the same way to every applicant, clear expectations at signing on rent and repairs, and quick replies in the first few weeks. That early stretch tends to set the tone.

[Landlord Tool Shed @landlordshed]

@MFT_Get_Funded The $48k assumes things go to plan. Worth stress-testing: a vacant month, a roof or furnace in the same year, a rate reset at renewal. Predictable rental income mostly comes from reserves and good screening, not the property itself.

[Landlord Tool Shed @landlordshed]

@donniccolo Screening cosigners makes sense, since they're the backstop if rent stops. Whatever the fee, charge it the same way to every applicant and post it up front. Worth checking local rules too: some states and provinces cap application fees or ban them outright.

[Landlord Tool Shed @landlordshed]

@OpeYeemiii Good timing. One step before drafting the renewal: check your province's rules on rent-increase notice and the form it requires, so the new number holds up. An early, clean written offer usually beats a winter vacancy.

[Landlord Tool Shed @landlordshed]

@REIMakayla If anyone tries this, put it in writing first: move-out date, keys back, unit condition, and whether the owed rent is waived. Pay at the walk-through, not before. Keeps a $3k deal from turning into a second dispute.

[Landlord Tool Shed @landlordshed]

@Alpha_Fox11 For owners, a turn in rents is a good time to recheck renewals: compare against what similar units list for today, not last year's peak, and note Ontario's annual guideline cap only applies to units first occupied on or before Nov 15, 2018.

[Landlord Tool Shed @landlordshed]

@Daricmcd What small landlords bring up most: faster Residential Tenancy Branch hearings, since a long wait on unpaid rent can sink a one-unit owner, and quicker permits for adding a suite or laneway home. Both add rentals without new towers.

[Landlord Tool Shed @landlordshed]

@HiddenL53445 @BuildWithOwen That's why screening does most of the work up front: verify income, call the past two landlords (not just the current one), and look at payment history. And when rent's late, a written notice on day one beats waiting a month hoping it sorts itself out.

[Landlord Tool Shed @landlordshed]

@HafifAshiq A dated checklist per unit beats memory: furnace filter, smoke/CO test, outdoor taps shut off, gutters, weatherstripping. Book it the same week every fall and log the date and photos, so you can see which units got missed before the first cold snap.

[Landlord Tool Shed @landlordshed]

@xzeeempire01 Not wrong, but ask first and get it in writing: who pays, who owns the panels at move-out, how it's mounted (no roof or wall holes without OK), and that an electrician does the wiring. Most landlords say yes to a clean, removable setup when they're asked up front.

[Landlord Tool Shed @landlordshed]

We compared landlord software prices so you don't have to. Plus a free Canada + US checklist. Both free at https://t.co/yTiRes9XMo