propkt vs RentBetter: Which Is Better for Australian Landlords?

If you are a self-managing landlord in Australia, you have probably come across both propkt and RentBetter. Both platforms are built for the Australian market and both aim to make life easier for landlords who manage their own rental properties. But they approach the problem from different directions, and understanding those differences matters when you are deciding where to invest your time and money.

propkt focuses heavily on the financial and tax side of property ownership: expense tracking, depreciation schedules, and producing a ready-to-go tax package for your accountant at EOFY. RentBetter focuses on the tenancy lifecycle: finding tenants, collecting rent, managing leases, and handling day-to-day property management tasks.

Here is how they compare across the features that matter most.

Where propkt Wins

Depreciation tracking built in

This is the single biggest differentiator. propkt lets you track depreciation schedules for plant and equipment assets across all your properties, calculate the annual decline in value using ATO-approved methods, and include those figures in your tax reporting. For most investment property owners, depreciation is one of the largest tax-deductible expenses available (often worth thousands of dollars a year), and getting it wrong means either overpaying the ATO or risking an audit.

RentBetter does not offer depreciation tracking at all. If you use RentBetter, you will need to manage depreciation separately, either through your accountant or a standalone depreciation schedule from a quantity surveyor. That means more manual work at tax time and more room for errors.

Tax package export

At the end of the financial year, propkt produces a consolidated tax package that you can hand directly to your accountant. It includes categorised income and expenses, depreciation summaries, and the key figures your accountant needs to complete your Schedule E (rental property) section. This saves hours of back-and-forth and reduces the chance of missing deductions.

RentBetter provides basic income and expense reports, but does not produce a structured tax package designed for accountant handoff.

Genuinely free tier

propkt offers a free plan that covers one property with full access to core features including expense tracking, tenant management, and document storage. This is a meaningful free tier, not a trial period.

RentBetter does not offer a free plan. Pricing starts at $29 per month for a single property and increases per property. For landlords with one or two investment properties, this cost difference adds up quickly.

Flat pricing model

propkt's Pro plan is a flat monthly fee regardless of how many properties you manage. RentBetter charges per property, which means your costs scale linearly as your portfolio grows. For a landlord with three or four properties, the difference can be $100 or more per month.

Where RentBetter Wins

Rent collection

RentBetter includes built-in rent collection with direct debit and automatic receipting. Tenants can set up recurring payments, and you get real-time visibility into who has paid and who is behind. This is a genuine time-saver that eliminates the need to manually reconcile bank statements.

propkt tracks rental income but does not process payments directly. You will still need a separate method for collecting rent (typically a dedicated bank account) and manually record when payments come in.

Listing syndication

When you have a vacancy, RentBetter lets you create a listing and push it to major Australian rental portals like Domain and realestate.com.au directly from the platform. This is a significant convenience, since listing a property manually on these sites is time-consuming and often requires a paid subscription.

propkt does not offer listing syndication. You will need to handle vacancy advertising separately.

Tenant screening

RentBetter integrates with TICA (the national tenancy database) for tenant screening background checks. You can run screening reports on prospective tenants without leaving the platform. For tips on what to look for, see our guide on how to screen tenants in Australia. This is a valuable safety net, because bad tenants are the single biggest risk in self-managing.

propkt stores tenant information and lease details but does not include tenant screening services.

Tenant portal

RentBetter provides a dedicated tenant portal where tenants can submit maintenance requests, view their lease details, and manage their rent payments. This creates a more professional experience for tenants and reduces the amount of ad-hoc communication you need to handle via text or email.

propkt does not offer a tenant-facing portal. Communication with tenants happens through your own channels.

State-specific lease generation

RentBetter offers lease agreement templates tailored to each Australian state and territory. Since residential tenancy law varies significantly between jurisdictions, having a compliant lease template built into the platform is a genuine time-saver and reduces legal risk.

propkt allows you to store lease documents but does not generate them.

The Pricing Question

Pricing is where these two products diverge most sharply. propkt offers a free tier for one property and a flat Pro plan at $12 to $15 per month for unlimited properties. RentBetter charges $29 to $36 per month per property, with no free tier.

For a single property, the annual cost difference is roughly $200 to $430. For three properties, RentBetter can cost over $1,000 per year compared to propkt's flat rate of under $200.

Whether that extra cost is worth it depends on how much value you place on the features RentBetter offers that propkt does not, particularly rent collection, listing syndication, and tenant screening. If you already have systems in place for those tasks, the premium may not be justified. If you want everything in one platform and are willing to pay for it, RentBetter delivers a more complete tenancy management solution.

Who Should Use What

Choose propkt if your primary concern is getting your tax right. If you want depreciation tracking, clean EOFY reports, and a tax package you can hand to your accountant, propkt is built for that. It is also the better choice if you have a small portfolio and want to keep costs low, or if you already have rent collection and tenant management processes that work for you.

Choose RentBetter if you want a single platform that handles the full tenancy lifecycle from listing to lease to rent collection. If you are new to self-managing and want more hand-holding through the process, RentBetter's tenant portal, screening integration, and lease generation provide a more guided experience. Just be prepared for higher ongoing costs, especially if you have multiple properties.

Can You Use Both?

Some landlords use both: RentBetter for the tenancy management side and propkt for financial tracking and tax preparation. This is a valid approach if you want best-of-breed in both categories, though it does mean maintaining two systems. The costs are still lower than using a property manager, and you get comprehensive coverage of both the management and financial sides of self-managing.

The Bottom Line

RentBetter is a broader tenancy management platform. propkt is a deeper financial and tax tool. Neither one tries to be the other, and that is actually a strength of both products. The right choice depends on whether your biggest pain point is managing tenants or managing your tax obligations, and for most Australian landlords, the answer to that question determines which platform will save them the most time and money.