Best Property Management Software for Small Landlords

Allows for Simple 1099 Generation at Tax Time

 

Due to a recent tax law change, landlords now need to file 1099s for any vendor they paid over $600 (cumulatively) throughout the year. If you use the shoebox-full-of-receipts approach, creating your 1099s every January can be a tremendous headache. Fortunately, with just a few clicks, Breeze automatically generates 1099s for all of your qualifying vendors - super easy process. And, as part of Breeze’s 1099 module, you can download a properly formatted report for uploading your 1099 details to the IRS. 

 

Without Yardi Breeze, complying with the new 1099 rules takes a ton of time and effort. With Breeze, you can knock out your 1099 responsibilities in a few minutes! 

 

Integrated Accounting and Financial Reporting Tools

 

Sound accounting and financial reporting tools are absolutely critical to all landlords. Without solid accounting records, you’ll struggle at tax time. At best, these struggles will cost you additional time and money; at worst, bad records can lead to reporting incorrect information to the IRS and a potential audit. Additionally, without solid accounting records and financial reporting tools, landlords will find it difficult to secure loans for future rental purchases. If you can’t show lenders the results of your existing rental properties, they likely won’t approve loans for future purchases. 

 

Breeze has an entire suite of accounting and financial reporting tools integrated with its system. When tenants pay rent, their ledgers automatically update. When you use Bill Pay to pay a vendor, your accounts payable balance automatically updates. Need to run a profit and loss statement for a lender? Breeze can do that. Need to generate a full set of financial statements to provide your CPA? Breeze can do that, too. 

 

Due to Breeze’s cloud-based functionality, you can also create account profiles for outside bookkeepers. Say you struggle with the accounting side of being a landlord, it likely makes sense for you to hire a bookkeeper. You can then create a Breeze profile for him or her to access your account and make sure all or your accounting records remain accurate and properly categorized. 

 

Ease of Use and Convenient Help Center

 

Lastly, it’s worth noting that Breeze is just really easy to use. Its intuitive user interface makes finding your way around straightforward. When you add new properties, tenants, or vendors, it has wizard-like features that walk you through these processes step-by-step. And, something we’ve used a ton, Breeze has an extremely convenient, built-in help center. Say you're trying to record a payable but have a question - click the help center and it’ll bring up clear and concise articles on accounts payable processes (or any other topic). 

 

Pricing and Final Thoughts on Yardi Breeze Property Management Software

 

Now the big question: Okay, you’ve sold me on Breeze, but how much does it cost? 

 

Yep, Breeze is not free (and there are some free property management software programs out there). Currently, the standard subscription - which is more than sufficient for most small and mid-sized landlords - costs $100/month. At first glance, that may seem like a lot of money. But, you get what you pay for. Since we started using Breeze several years ago, it’s 1) saved us a ton of time (and, therefore, money); 2) allowed us to remotely manage our properties while traveling the world; 3) synchronized our rental operations and real estate accounting within a single system; and 4) generally facilitated a far more professional and efficient property management practice. 

 

Ultimately, you get what you pay for, for better or worse. When it comes to Yardi Breeze, we have no regrets about spending a little every month for this great property management software.