Key takeaways
- The best landlord software depends on your biggest pain point: propkt for tax compliance and depreciation, RentBetter for tenancy management, TaxTank for multi-asset investors.
- Depreciation tracking is the most valuable differentiator. Only propkt and TaxTank offer it, and missing depreciation deductions can cost thousands per year.
- Pricing ranges from $49/year (propkt Solo, one property) to $36/month per property (RentBetter). Flat-rate plans are more economical for landlords with multiple properties.
- No single tool covers everything. Pairing a tax-focused tool with a tenancy management tool gives the most complete coverage at a fraction of property manager fees.
Finding the right software to manage your investment property should not require a research degree. But the Australian market now has enough options that comparing them all takes real effort. Some tools focus on tax. Some focus on tenancy management. Some try to do everything. None of them are perfect for everyone.
This guide covers five platforms that Australian landlords actually use. We have tried to be balanced. Every product has strengths and weaknesses, and the best choice depends on what you need most. propkt is our product, so we are upfront about that, but we have been honest about where competitors are stronger.
1. propkt#
Best for: Tax-focused self-managing landlords
propkt is built specifically for Australian property investors who self-manage and want their financial records to be accurate, ATO-compliant, and ready for their accountant at EOFY. Its standout feature is built-in depreciation schedule management, something most competitors leave out entirely.
Beyond tax, propkt handles tenant tracking, lease management, maintenance logs, document storage, and automated reminders. It is a property management tool first, but the tax features are what set it apart.
Pricing: 3 months free, then $49/year for one property (Solo). Pro is $9/month billed annually for up to 10 properties.
Pros:
- Built-in depreciation tracking with ATO-approved rates and methods
- Tax package export designed for accountant handoff
- 3 months of full access free, then $49/year for one property, flat pricing for Pro
Cons:
- No rent collection or payment processing
- No native mobile app (web-based, responsive design)
Best if your biggest pain point is tax compliance and you want depreciation, expense tracking, and clean EOFY reports in one place.
For more detail, see our individual comparison pages: propkt vs RentBetter, propkt vs TaxTank, propkt vs Landlord Studio, propkt vs RentingSmart, propkt vs PropBoss.
2. RentBetter#
Best for: Full-lifecycle tenancy management
RentBetter is the most comprehensive tenancy management platform in Australia. It covers the full lifecycle: listing properties, screening tenants through the National Tenancy Database (NTD), generating state-specific leases, collecting rent, managing maintenance, and providing a tenant portal. If you want one platform to handle everything a property manager would do, RentBetter is the closest you will get.
The trade-off is that RentBetter is light on the tax side. It does not track depreciation, does not produce structured tax packages, and charges per property, which adds up quickly. For a detailed comparison, see our propkt vs RentBetter page.
Pricing: From $29 to $36/month per property. No free plan.
Pros:
- Rent collection with automatic reconciliation
- Tenant screening through National Tenancy Database (NTD) integration
- State-specific lease templates and tenant portal
Cons:
- No depreciation tracking or structured tax reporting
- Per-property pricing becomes expensive with multiple properties
Best if you are new to self-managing and want a platform that walks you through the entire tenancy process, or if you manage high-turnover properties where listing, screening, and leasing happen frequently.
3. TaxTank#
Best for: Multi-asset investors who want tax automation
TaxTank is a tax platform built by accountants that covers property, shares, crypto, and other investment types. For property investors, its strengths are bank feed integration (automatic transaction import), depreciation tracking, and capital gains tax calculations. If you have a diversified investment portfolio, TaxTank can handle tax tracking across all your asset classes in one place.
The trade-off is that TaxTank is not a property management tool. It does not track tenants, manage leases, log maintenance, or send property management reminders. It knows what you earned and what you spent, but not who your tenant is or when their lease expires.
Pricing: Property Tank is $15/month billed annually (up to 5 properties, then $36/year per extra property); other asset modules are $6 to $9/month each on top. 14-day free trial.
Pros:
- Bank feed integration for automatic transaction import
- Covers property, shares, crypto, and other asset types
- Capital gains tax calculations and property valuation tracking
Cons:
- No tenant, lease, or property management features
- Annual billing only, and costs stack if you add non-property modules
Best if you invest across multiple asset classes (not just property) and want automated tax tracking with bank feeds. Also a good choice if you use a property manager and only need the financial side.
4. Landlord Studio#
Best for: Mobile-first landlords who want receipt scanning
Landlord Studio is a global property management platform with a strong mobile app. Its standout feature for day-to-day use is receipt OCR scanning. Photograph a receipt and the app extracts the details and creates an expense entry. The native iOS and Android apps are well-designed and make it easy to manage properties on the go.
Landlord Studio covers income and expense tracking, tenant management, maintenance, and rent collection. It supports multiple countries, which is useful if you own property internationally but means it is not tailored specifically to Australian tax requirements.
Pricing: From approximately $12 USD/month (around $18 to $20 AUD). Scales with number of units.
Pros:
- Excellent native mobile app with receipt OCR scanning
- Rent collection and mileage tracking built in
- Multi-country support for international property owners
Cons:
- No ATO-specific depreciation tracking or tax package export
- Pricing in USD means costs fluctuate with exchange rates
Best if you want a polished mobile experience, scan a lot of paper receipts, and value a native app. Also suitable if you own property in multiple countries.
5. RentingSmart#
Best for: Tenant-focused self-management with a portal
RentingSmart is an Australian platform focused on the tenant relationship side of self-managing. It provides a tenant portal where tenants can submit maintenance requests and view their lease, plus rent invoicing and receipting, in-platform messaging, and arrears visibility with payment reminders. Note that it does not process rent payments or direct debits itself; rent still lands in your own bank account. Inspection tools come through its integrated products (Tenant Connect and InspectingSmart).
Like RentBetter, it is strong on tenancy management but light on tax. No depreciation and no structured tax packages.
Pricing: Flat tiers, GST inclusive: $10.49/month (1-4 properties), $20.99/month (5-10), $41.99/month (11+). 14-day trial.
Pros:
- Tenant portal with maintenance requests and lease viewing
- Rent invoicing, receipts, and payment reminders
- In-platform messaging with audit trail
Cons:
- No depreciation tracking or tax package export
- Does not process rent payments; inspections need its add-on products
Best if you want a structured, professional way to manage the tenant relationship and you prefer having a tenant portal rather than managing everything through email and text.
Summary Comparison#
Here is a broader view across all five platforms:
| Feature | propkt | RentBetter | TaxTank | Landlord Studio | RentingSmart |
|---|---|---|---|---|---|
| Expense Tracking | Yes | Yes | Yes | Yes | Yes |
| Depreciation | Yes | No | Yes | No | No |
| Tax Package | Yes | No | No | No | No |
| Tenant Management | Yes | Yes | No | Yes | Yes |
| Rent Collection | No | Yes | No | US only | Invoicing only |
| Tenant Portal | No | Yes | No | No | Yes |
| Bank Feeds | No | No | Yes | No | No |
| Mobile App | No | No | No | Yes | No |
| Receipt OCR | No | No | No | Yes | No |
| Free access | 3-month trial | No | 14-day trial | Yes (3 units) | 14-day trial |
How to Choose#
The decision framework is simpler than the comparison table makes it look:
If your biggest pain point is tax compliance (depreciation, EOFY reports, accountant handoff), start with propkt. It is the only platform that combines property management with ATO-specific tax features and depreciation tracking, and the 3-month free trial lets you try it without commitment.
If your biggest pain point is managing tenants (finding them, screening them, collecting rent, handling maintenance requests), start with RentBetter or RentingSmart. Both provide tenant-facing portals and rent collection. RentBetter is more comprehensive (listing syndication, NTD screening, actual rent collection); RentingSmart is simpler and much cheaper, especially across multiple properties ($10.49/month flat for up to 4 properties against $36/month for each).
If you invest in shares and crypto alongside property and want one platform for all your tax obligations, TaxTank is the only option that covers multiple asset classes with bank feed automation.
If you want the best mobile experience and scan a lot of receipts on the go, Landlord Studio is hard to beat for that specific use case.
If you want comprehensive coverage, consider pairing two products. For example, RentBetter for tenancy management and propkt for tax and financial tracking. The combined cost is still a fraction of what a property manager charges.
A Note on Pricing#
Pricing changes. The figures in this guide are accurate as of August 2026, but all of these platforms update their pricing periodically. Check the official websites for current plans before making a decision.
Also worth noting: the cheapest option is not always the best value. If a $12/month tool helps you claim $3,000 in depreciation deductions you would have missed, it has paid for itself many times over. Use our depreciation calculator to estimate your potential deductions. Evaluate based on what the tool will save you (in time, in missed deductions, and in peace of mind), not just what it costs.
The Bottom Line#
There is no single best landlord software. There is only the best one for your situation. A tax-focused landlord with three properties and a good accountant has different needs from a first-time landlord with one unit who has never collected rent before. Identify your biggest problem, pick the tool that solves it, and do not overthink the rest. You can always add a second tool later if your needs change.