Landlord Studio Review 2024
With the help of our in-house editorial team, our platform’s members and external subject matter experts, this comprehensive review of Landlord Studio property management software became possible and available for free to those considering this solution!
In this review we evaluated Landlord Studio’s features, plans, pricing and other important aspects to help our readers make a more educated purchase decision.
All the customer reviews and ratings on this page have been submitted by our platform’s members who either currently use or used to use the reviewed product/service in the past. We never receive any compensation for the inclusion of products and/or services in our product/service reviews. However, by visiting retailer/manufacturer of the reviewed product/service by clicking links within our content may earn us commissions from your purchases. Read our editorial guidelines to learn more about our review and rating process.
What Is Landlord Studio?
Landlord Studio is a cloud-based, all-in-one real estate solution designed to help landlords and property managers streamline the management of rental properties and tenants.
As a full-featured property management system, Landlord Studio takes landlords through the complete process of managing rentals, from filling up vacancies to collecting rent and doing accounting.
Besides landlords and managers, tenants can also use the platform, thanks to the Landlord Studio tenant portal.
The tenant and property management solution can be accessed via a web browser or by downloading the Landlord Studio app on Google Play or iOS App Store.
What Is Landlord Studio Used For?
Landlord Studio is an end-to-end platform that can be used by landlords as well as tenants. Here’s how both user groups can utilize the software.
- Building property listing websites — Landlords can easily build listing web pages to advertise their vacant properties. The listing may include key property details such as the address, amenities available, rules, property images, and more. A unique link is generated for every listing so you can share it and start receiving applications.
- Online rental application — Landlord Studio enables you to include pre-screener questions in your website application. The questions are used to learn more about an applicant (their pet situation, smoking habits, and reasons for moving, among others).
- Tenant screening — Landlords and managers can run official screening reports on their applicants. Tenant screening is powered by TransUnion and requires either the landlord or applicant to pay for the service.
- Lease templates — With Landlord Studio, investors can create lawyer-approved leases and send them to chosen applicants. You can include all the key terms of a rental lease such as start and end dates, rent payment due dates, late fees structure, and more.
- Rent payment collection — Once onboarded, new tenants can add their bank accounts to Landlord Studio and start making payments. They can set up automated recurring payments to ensure rent is always paid on time. Landlords can also link their bank accounts to the platform and start receiving rent. Once you’ve received a payment, you can create a personalized receipt and send it to your tenants.
- Maintenance request management — Tenants can make maintenance and repair requests on the tenant portal. On the other end, landlords are able to view the request details and start planning on repairs.
- Automated reminders — The platform allows you to set up reminders for important events related to your property. You can set reminders for insurance renewals, property inspections, and safety checks, as well as create custom reminders.
- Team management — Landlord Studio lets landlords add their real estate accountants to the platform. Once added, you can control the access your accountant has so that they only have access to financial and accounting data.
- Income tracking — By using Landlord Studio, you can log all transactions (rent payments, deposits, damages, expenses, etc.) and track what payments are due, overpaid, or underpaid to get a general understanding of your finances.
- Financial reporting — The platform enables landlords to generate numerous in-depth reports for payments and transactions. All reports can be shared or downloaded in CSV format.
Landlord Studio Users Breakdown by Specialty
Is Landlord Studio Legit?
Yes. Landlord Studio is a legitimate rental property management solution that has been in service for more than 5 years.
In that time, the platform has become very well known within the real estate industry, with over 4,000 landlords and managers using the software to manage more than 45,000 rental properties.
This software for real estate investors and managers has also established a social media presence across all major platforms.
On Facebook, the company has a private Facebook community with over 2,000 members, while on YouTube, Landlord Studio has nearly 500 subscribers.
The YouTube channel also has numerous video guides on real estate investment and how to use various Landlord Studio features made by company employees and industry experts.
When it comes to security, the platform keeps all user data safe on secure servers that have SSL certificates.
Additionally, information transferred between users and the service is encrypted.
Landlord Studio also has a mobile app that’s approved on Google Play and iOS App Store, further indicating the platform’s legitimacy.
All in all, users can be assured that Landlord Studio is not a scam.
Landlord Studio Customer Reviews
Landlord Studio Pricing
Landlord Studio offers landlords and managers free and premium subscriptions based on the number of units you’re managing.
The platform currently has two subscriptions: Landlord Studio GO and Landlord Studio PRO.
Landlord Studio GO
This is the platform’s free subscription plan. On this plan, Landlord Studio only works as property management software for small landlords: it allows you to manage a maximum of three properties.
Landlords and managers with more than three units are automatically upgraded to the PRO plan. The services included in the GO plan are:
- One user
- Community support
- Document storage of up to 10 files
- Online rent collection tools
- Basic report suite
- Accountant collaboration
- Tenant screening services
- Maintenance request management
- Invoicing and manual expense tracking
- Smart receipt scanner
Although there are no fees associated with this plan, landlords may still incur charges from third-party offerings such as TransUnion tenant screening reports.
Landlord Studio PRO
The PRO plan is for users managing more than three properties with Landlord Studio costs starting from $12 per month. Each additional property increases your monthly rate by a dollar.
The plan includes:
- All services included in the free plan
- Unlimited number of users
- Premium support
- Unlimited document storage
- Automated bank feeds
- Integration with Xero
- Advanced reporting
- Data exports
Landlord Studio Coupon & Promo Codes
Landlord Studio Features
Property Listing Website
Landlord Studio enables investors and property managers to create property listings from scratch and publish them on a custom web page.
The Listing tool allows you to add all the necessary property information such as the location address, unit description, property size and amenities, photos, rent amount, and more.
Once your listing is ready, you can preview and publish it. Your listing page will automatically include a ‘Start Application’ button that interested applicants can click on to begin applying for your property.
Online Rent Application Form
With Landlord Studio, you can easily customize the ready-made rental application. The form is designed to collect more information on applicants and includes two main sections:
- Contact details — This section collects an applicant’s name, phone, and email.
- Pre-screening questions — Here, there are several pre-made questions that collect key details about an applicant. There are questions about the applicant’s reasons for moving, criminal history, pet situation, monthly income, the date for move-in, and more.
Tenant Screening
As part of the application process, you can require official tenant screening reports from your applicants.
Landlord Studio has partnered with TransUnion to provide the tenant screening service.
Tenant screening isn’t free; either the landlord or the applicant has to pay about $40 for a report.
A screening report provides the following information on the applicant:
- Criminal background — Here, you can find out whether the candidate is on the sex offender list or terror list, or if they have any criminal records.
- Credit history — This report provides information about the applicant’s credit score, credit background, current active accounts, and other important financial details.
- Eviction history — This report provides insights into an applicant’s rent payment habits. You will be able to find out any unlawful detainers, tenant judgments, failure to pay rent, along with warrants of eviction associated with the applicant.
Free Landlord Templates
Thanks to a partnership with Rocket Lawyer, Landlord Studio users have access to numerous legal templates that are used in rental property management.
There are plenty of leases and notice templates, as well as checklists.
Here are some of the document templates available:
- Residential Lease
- Pet Lease Addendum
- Late Rent Notice
- Notice of Entry
- Eviction Notice
- Tenant Welcome Letter
- Property Inspection Checklist
Online Rent Collection
Investors and property managers can add their real estate investor bank accounts to Landlord Studio to start receiving rent, deposits, damage compensations, and other relevant payments. Each transaction costs $2.50.
With the Rent Collection engine, you can:
- Enable automatic recurring payments for your tenants
- Send invoices and issue receipts for rent payments
- Track income for each property
Note that payments made through the platform take 3 to 5 days to process and reflect in your bank account.
Property Maintenance Management
The Maintenance Management engine acts as a central hub for all repair and maintenance issues.
Here, you’ll be able to receive requests from your tenants, review them via the app or browser, and create priority-based tasks.
You can also set up automatic reminders for recurring tasks such as lawn mowing.
The maintenance hub also keeps a record of all your tasks and allows you to organize them into three categories for easy tracking: New, In-Progress, and Completed Tasks.
Rental Accounting
Landlord Studio has a dedicated landlord accounting software section.
For each property, you can log and track expenses with categories designed for real estate. You can also create recurring expenses such as mortgage payments and attach receipts to relevant expenses.
The real estate investor accounting software tool also logs all the income you receive and sorts them by property for easy financial tracking.
Note that Landlord Studio supports Xero integration for additional and more in-depth accounting tasks.
Financial Reporting
Apart from the property management accounting tools, Landlord Studio comes with numerous built-in reports, including a Schedule E tax report, to help landlords reconcile their books and taxes.
In addition to the tax report, some of the reports you can generate include:
- Income and expense report
- Rent ledger
- Profit and loss summary
- Overdue rent payments
- Lease expiry
All reports can be exported either as PDF or CSV file formats.
Tenant Portal
Tenants with landlords using Landlord Studio can create tenant portals to easily manage their stay over the lease period. The tenant portal facilitates the following services for renters:
- Online rent payment by linking their bank account
- Setting up automatic recurring payments to avoid late fees
- Making maintenance requests
Landlord Studio Pros and Cons
Pros
- Landlord Studio has numerous video guides on the company website on how to use various tools on the platform.
- The Automated Bank Feeds service automatically pulls transactions from your bank to help reduce manual data entry and errors.
- The platform has an intuitive, easy-to-learn interface.
- The Landlord Studio app is well optimized for mobile devices and has all the functionalities of the full desktop version.
- Landlord Studio has a free subscription plan as well as an affordable premium plan.
- Tenants can attach images or videos to their maintenance requests.
Cons
- Credit/debit card tenant payments are not supported: only ACH payments are allowed.
- Third-party rental listing syndication is not supported.
Landlord Studio Integrations
Landlord Studio Achievements
Awards & Recognition
Best Property Management Software for Landlords (Awarded by Real Estate Bees)
Press & Media
Landlord Studio FAQs
Does Landlord Studio have a free trial?
No. The software company does, however, provide a free subscription plan for users managing three properties or fewer.
How many clients does Landlord Studio serve?
Landlord Studio serves over 4,000 landlords and property managers across the US.
Additionally, the Landlord Studio app has received over 100,000 downloads and almost 1,000 user reviews across Google Play and iOS App Store, indicating the company’s huge client base.
Who founded Landlord Studio?
Landlord Studio was started in 2018 by Charles Chan and Logan Ransley. Charlie has a robust background in software development, while Logan’s experience is mainly in marketing and business.
Charlie currently serves as the company CEO.
What is Landlord Studio’s customer service number?
Landlord Studio users and prospective customers can reach out to the company by calling the customer service line: (650) 924-9925.
Besides the customer service line, users can also contact the company via email by sending their inquiries to [email protected].
What is the Landlord Studio cancellation and refund policy?
Users are free to cancel their Landlord Studio subscription at any time. However, the company does not provide refunds for terminated services.
Instead, if you cancel your subscription, you will be able to use the service until the end of the current subscription, after which, access to premium services will be revoked.
What awards and recognitions has Landlord Studio received?
The software won Gartner’s 2021 Award for Best Value Property Management Software.
That same year, the platform was recognized as one of the most recommended property management systems by Software Advice.
Landlord Studio Tutorials & Training
Is Landlord Studio Worth It?
That depends. For new and independent landlords, Landlord Studio is great as it offers a free subscription plan and a premium plan that’s quite affordable.
The platform also offers robust accounting and tax reporting tools that help you track your finances and reconcile taxes with ease.
Additionally, the platform has several important free templates and detailed video guides
Landlord Studio may, however, not be ideal for landlords with large portfolios who may want to advertise their vacancies to massive audiences on sites like Zillow, Apartments.com, and Trulia.
The platform also lacks software integration capabilities, with only Xero integration being supported.
Landlord Studio Contacts
- Website: Official website
- Phone: (650) 924-9925
- Email: [email protected]
- Address: 14601 North Bybee Lake Court Suite NZB082865, Portland, OR 97203, United States
- Socials: Facebook, Instagram, Twitter, LinkedIn, YouTube
__
About the Author:
With over 20+ years of experience in real estate investment and renovation, Brian Robbins brings extensive knowledge and innovative solutions to the HouseCashin team. Over the years Brian has been involved in over 300 transactions of income producing properties across the US. Along with his passion for real estate, Brian brings with him a deep understanding of real estate risks and financing.