Hemlane vs PROMAS The Professional Landlord

Hemlane is a long-term rental management service with tools for advertising, screening, accounting, rent collection, leases, and maintenance. Its free Starter plan includes rental advertising, applicant and tenant screening, and full rental accounting. Basic adds lease tracking and management, document storage and e-signing, rent collection, late fees, and tenant messaging; Essential adds 24/7 repair coordination, work orders, and state-specific leases. Complete includes those features plus a property management assistant, vetted repair network, and local leasing and turnover network. Basic, Essential, and Complete have 14-day trials. Their listed monthly prices are 30.00 USD, 48.00 USD, and 86.00 USD, respectively, with annual billing able to save up to 20%. Hemlane says it is available in 50 states and its tenant platform supports unlimited users. Owners can connect financial accounts for rental performance and accounting. Rent and late fees go directly to the owner with $0 ACH fees; card transactions carry a 3% fee. Screening costs $40 total, paid by the tenant. Hemlane says it is not a property management firm and cannot decide for owners.

PROMAS The Professional Landlord is property management accounting software for fee-based and investment property managers. It is designed for residential and commercial properties and combines integrated double-entry accounting with financial controls for owner and escrow funds. Accounting tools include batch management-fee posting, owner distributions, late fees, security-deposit tracking, tenant charges and bank reconciliation. Reports can be customized and saved for reuse; owner statements can be styled differently for different owners. The software can be hosted in the cloud or deployed on premises, with internet access from Windows, Apple and iOS devices. PROMAS lists integrations with RentTrack, MyRental, Inspect & Cloud, ACH.COM and ScreeningOne. Pricing includes a $60 a month lease or a $610 a year subscription for 30 units in one database. A one-time license costs $845 as a one-time purchase and includes an annual subscription. Cloud hosting is $1,530 a month, includes up to 10GB, and requires a current lease or subscription.