Both products are robust property management software programs for managing rentals; however, they are designed with different needs in mind depending on if you are a landlord managing your own properties or a property manager managing properties for your owner clients.
Rentec Direct’s property management software is an essential program for landlords and property managers who own or manage 1-5000 units. A full list of features can be found below.
This article explains the difference between Rentec Direct’s two property management software products, Rentec Pro and Rentec PM.
The Main Differences Between Rentec Pro and Rentec PM
Rentec Pro and Rentec PM are essentially the same program, except for a few additional features in Rentec PM that are specifically required of professional property managers who manage properties for other people.
Since property managers handle client funds, they are legally required to adhere to their state’s trust accounting laws, so Rentec PM includes the necessary trust accounting and reporting features to help property managers remain compliant.
The PM version also includes property management software features related to managing multiple entities or owners, like an owner portal and owner ACH payments and automated CAM (common area maintenance) charges. Rentec PM allows users to assign different manager designations based on job responsibilities, including marketing managers and maintenance managers.
Rentec PM offers all of the features that Rentec Pro utilizes. However, Rentec PM offers a few additional robust features solely for those who need to manage multiple ownership entities. In layman’s terms, this is generally for professional property managers who manage properties for multiple people or entities.
Do I need Rentec Pro or Rentec PM?
If you are a landlord or investor and you self-manage your properties, Rentec Pro is the right solution for you. Rentec PM is designed for someone managing properties they do not own.
Rentec Pro works well for single-family and multi-family properties and is ideal for people with 1-5000 doors in their portfolio.
There are just a couple of exceptions to this rule. If you manage a lot of doors and you would like to give a marketing or maintenance manager the ability to assist you, or if you are a landlord who owns multiple LLCs and must track financials for multiple business entities, you will want to graduate to a Rentec PM account.
Rentec Pro Features for Landlords and Self-Managed Investors:
Rentec Pro is designed to help landlords automate their tasks, allows for seamless communication with tenants, and ensures helpful and easy access to important bookkeeping information when tax time comes along. For landlords who are looking to grow their rental business or simply want to save time; Rentec Pro can help ensure efficiency and takes the babysitting out of the rental process.
Additional Tools for Property Managers in Rentec PM:
Rentec PM offers all of the extensive tools that Rentec Pro clients can access. Managers, however, have more complex bookkeeping and communication needs.
Since property managers are required to keep owner financials separate from their own finances and will need excellent bookkeeping and reporting tools to pass along rental information to their property owners, Rentec PM offers additional features to support those needs.
Property managers who are taking on the day-to-day management tasks for investment property owners are going to want the trust account management and reporting tools available in Rentec PM.
Rentec PM also gives you features to attract and retain more owners, like the Owner Portal mobile app, so that they can access important reports or messages from you whenever necessary. Rentec PM also allows for automated CAM charges and adding additional team members, such as a marketing manager or maintenance manager.
Features Available for Rentec Pro and Rentec PM:
|Features||Rentec Pro||Rentec PM|
|Secure File Storage||Yes||Yes|
|Total Managers (User Accounts)||Yes||Yes|
|Free Support & Personalized Setup||Yes||Yes|
|Property & Tenant Accounting||Yes||Yes|
|Property Management Website||Yes||Yes|
|Customizable Income/Expense Reports||Yes||Yes|
|1099 E-File & Schedule-E Tax Reports||Yes||Yes|
|Detailed Rental and Vacancy Reports||Yes||Yes|
|Online File & Attachments Storage||Yes||Yes|
|Tenant Screening & Criminal History||Yes||Yes|
|Unlimited US-Based Customer Support||Yes||Yes|
|Online Rent Payments||Yes||Yes|
|Cash Payment Network||Yes||Yes|
|Online Property Advertisement||Yes||Yes|
|Tenant Email & SMS Notifications||Yes||Yes|
|Online Rental Applications||Yes||Yes|
|Maintenance Tracking & Workorders||Yes||Yes|
|Auto Sync Bank Transactions||Yes||Yes|
|Synchronize Data with QuickBooks||Yes||Yes|
|Dropbox Sign Integration (Electronic Signatures)||Yes||Yes|
|Create and Manage Bank Deposits||Yes||Yes|
|Bank Account Reconciliation||Yes||Yes|
|Automated Rent Increases||Yes||Yes|
|Automated Late Fees||Yes||Yes|
|AI Listing Generator||Yes||Yes|
|Trust Account Management & Reporting||X||Yes|
|Pay Owners via ACH||X||Yes|
|Marketing & Maintenance Managers||X||Yes|
|Automated CAM Charges||X||Yes|
Ready to get started?
We don’t think getting started should be hard, and all clients deserve to receive excellent support and customer service. All Rentec Direct clients receive free account setup and training with a dedicated account specialist.
No wild sales process. No incessant phone calls. Just genuine and amazing team members who are here to help you with any questions you may have as you begin your journey with Rentec Direct.
About Rentec Direct:
Rentec Direct is an award-winning property management software serving landlords and property managers across the United States. Features include online rent payments, tenant and owner portals, one of the industry’s largest vacancy listing syndication networks, full property, tenant, and owner accounting, 1099-MISC reporting and more. Rentec Direct was recognized as Real Estate Company of the Year in the 2022 American Business Awards®, and was named the Most Customer Friendly Companies of the Year in the 2022 Best in Biz Awards, has been named to the Inc. 5000 List of Fastest-Growing Private Companies for seven years in a row.