Features Property management
Property management
For companies that manage buildings as well as work on them. Keep every property, its units, tenants and leases next to the jobs you do there, and run the numbers before you buy the next one.
Add-on: $25/mo, included in Pro
Properties, units, tenants and leases
- Every kind of property
- Commercial, residential, apartments and multifamily, mixed use, industrial, HOA and condo, and land. Each property can have its owner on file.
- Units in the right words
- Apartments have units, offices have suites, industrial buildings have spaces and land has lots.
- Tenants and leases
- Who's in each unit and on what lease. A unit shows as occupied while it has an active lease and vacant once the last one ends.
- Jobs at a property
- The maintenance and project work at each building, booked and tracked like every other job.
- Residential (single-family)Units
- Apartments / multifamilyUnits
- CommercialSuites
- Mixed useUnits
- IndustrialSpaces
- HOA / condoUnits
- LandLots
Is this property worth buying?
Put in the price, the loan, the rents and the running costs. The deal calculator works out cash flow, cap rate, cash-on-cash and DSCR, then gives a verdict against thresholds you can change. Start from a property you already manage, or any property at all.
A worked example: a duplex
- Purchase price
- $300,000
- Down payment
- 25% ($75,000)
- Loan
- $225,000 at 7%, 30 years
- Closing costs
- $6,000
- Rent
- 2 units × $1,650 a month
- Vacancy
- 5%
- Property tax and insurance
- $3,600 and $1,500 a year
- Maintenance, management, capex
- 5%, 8% and 5% of rent collected
VerdictGood deal
| Check | Result | Needs |
|---|---|---|
| Monthly cash flow | $649 | Passes Above $0 |
| Cap rate | 8.6% | Passes At least 6% |
| Cash-on-cash return | 9.6% | Passes At least 8% |
| DSCR | 1.43 | Passes At least 1.25 |
- Mortgage (principal & interest)
- $1,497 a month
- Net operating income
- $2,146 a month
- Cash needed
- $81,000
Good deal: every check passes. Borderline: one misses. Pass: negative cash flow, or two or more checks miss. It also shows the gross rent multiplier, the 1% rule and break-even occupancy.
Manage the buildings and the work in one place
Switch on Property management for $25 a month, or get it with Pro. Try it free for 14 days.