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Landlord Studio

Landlord Studio vs. Cozy: Which one is right for you?

Both Landlord Studio and Cozy are high quality property management platforms used by thousands of landlords and property managers. Both platforms offer useful tools to help you streamline your workflow and improve the renters experience.

When it comes to determining which is the best option for you, you need to carefully consider your individual needs and your portfolio size. Landlord Studio users start getting the most value from the software after approximately six units. Cozy is designed for landlords managing fewer properties.

The main difference between the two though is the main focus. Landlord Studio is designed to make your income and expense tracking as easy and efficient as possible with advanced reporting, smart scan receipts, and more. Cozy on the flip side focuses more on improving landlord task management. For example, rent collection and listings. In this article, we compare the features found in both to help you decide which product is right for you.

“You don’t have to be tied down to your desktop computer anymore. With Landlord Studio I can track payments, income and expenses if I’m at home, on my lunch break at work, in the car. And there are so many things you can do now with the app… definitely i’d say, it’s worth giving it a go.” – Tapiwa Wakitama

“You don’t have to be tied down to your desktop computer anymore. With Landlord Studio I can Track payments, income and expenses if I’m at home, on my lunch break at work, in the car. And there are so many things you can do now with the app… definitely i’d say, it’s worth giving it a go.”

– Tapiwa Wakitama 

Landlord Studio vs. Cozy

– the side by side comparison

Feature
Landlord Studio
Cozy
Bank Feed Integration

Multi-User Access

Advanced Tax Reporting

Desktop, iOS & Android

Income Tracking

Expense Tracking

Mileage Tracking

Automated Reminders

Smart Receipt Scan

Tenant Screening

Online Rent Collection

Coming Soon*

Landlord Studio vs. Cozy

Key feature comparison


Landlord Studio

  • Bank Feed Integration
  • Multi-User Access
  • Advanced Tax Reporting
  • Desktop, iOS & Android
  • Income/ Expense Tracking
  • Automated Reminders
  • Smart Receipt Scan
  • Tenant Screening

Cozy

  • Bank Feed Integration
  • Income/ Expense Tracking
  • Tenant Screening
  • Online Rent Collection
  • Listings
  • Maintenance Tracking

Why Landlords are Switching from Cozy to Landlord Studio

landlord studio income tracker

Save time and money with Landlord Studio

Landlord Studio is an accurate, efficient way to keep track of your rental businesses finances. Track your expenses on an organization, property or unit level, manage tenants, automate rent reminders and more. You’ll never miss a deductible expense ever again.

reporting

A complete overview of your portfolio

With our intuitive dashboard and easy customizable reports you can quickly gain oversight of your portfolio or individual properties to ensure nothing slips through the cracks and to make tax time a breeze.

landlord studio dashboard and app

Manage your properties anywhere, anytime

You don’t need to be tied to a desk. You can manage your properties, track income and expenses, chase up tenants, and digitize your receipts easily and quickly from you mobile device in real time.

Comparison: Final Thoughts

Primarily, Cozy offers solutions to common job oriented property management challenges. For example, their ACH tenant payment features is used and trusted by thousands of landlords across the US. Additionally, Cozy focuses on areas like rental listings and property maintenance requests and tracking, neither of which Landlord Studio currently offer solutions to.

Related: Should you Use Quickbooks for your Rental Properties?

If these are challenges that you are looking for solutions for then Cozy may be a software worth exploring. If however, you are looking for a better way to manage your income and expense tracking, automate rent reminders, generate invoices and receipts and run advanced reports for tax time then we recommend taking full advantage of Landlord Studio’s free 14 day trial.

* Landlord Studio will be releasing their ACH tenant payments feature in October 2020.

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Still not convinced? Hear from other landlords who love Landlord Studio ❤️

“Top app, better than anything else I have tried out. Support team is outstanding in replying to any questions I have had around configuration. Incredibly helpful bunch, saved me 5+ hours a week already.”

Christian Baker
Google Play Store

“This software is very intuitive and easy to use, yet still has powerful features to help landlord’s keep up with their books on their rental properties. The customer service is excellent and they are very responsive to the needs of the customer.”

Scott B.
Capterra

“We started using Landlord Studio about 2 years ago, before that, it was the old-fashioned spreadsheets. We really like the reporting aspects of Landlord Studio – it automates things that used to take me minutes (and sometimes hours) to complete.”

Jason A.
Capterra

“I have never felt so organized before using Landlord Studio. There are never any questions on payment history and my tenants appreciate the emailed receipts. I have recently begun to use additional features built into the app such as texting groups of tenants, tracking expenses, etc. The program really worked wonders for the management of my properties. ”

David B.
Capterra

No technical headaches, backdate your data, an easy to use software.

It can be a little daunting to move to any new system. We have comprehensive support pages with videos as well as our dedicated team on standby to help you get the most value out of our software as quickly as possible.

FAQ’s

Get prompt responses from a friendly, professional and knowledgable support team.

What Is A Unit?

We define a unit as any room or property that requires a lease e.g. if you have a whole property that is rented out, that is counted as one unit. For a duplex, this would be counted as two units, as this is two separate leases. If you rent out rooms individually within a property, each room would be a unit.

What Is Landlord Studio?

Landlord Studio is desktop and mobile software designed to make the lives of landlords and property managers easier. With it you can efficiently track income and expenses, automate tasks, and even screen tenants.

Our features like smart scanning receipts, bank feed integration, and the ability to instantly produce reports designed for tax season paired with our dashboard give landlords and property managers the ability to gain real-time and valuable insights into their portfolio’s performance.

Can I Import My Historical Data?

We have a personalized onboarding service that is available for an additional fee. Our dedicated success team will import your existing data into the software and schedule a training call to get you set up. Contact us for more information.

Who Is Landlord Studio Designed For? Does It Work for Large Portfolios?

Landlord Studio is designed for individuals that manage properties themselves and who wish to gain a deeper insight into their portfolio’s finance.

We have users that use a property manager as well as our software, and we have others that do everything themselves.

The sweet spot for our software is managing between 4 and 50 units. However, there is no limit on the number of units that you can manage through the software and with access to your account via the app or desktop portal you can manage your properties however best suits you.

How Is Landlord Studio Different from Quickbooks/xero?

Quickbooks and Xero are complex accounting programs that is designed to service all types of businesses. Customizing Quickbooks to track rental property income and expenses can be a complicated and time-consuming process, especially if you’re new to real estate investing. That said, if you have entity-level accounting needs, run a real estate-related business that doesn’t own rental property, or are accustomed to maintaining traditional balance sheets, you may still prefer to pay for a full-service accounting platform like Quickbooks.

Landlord Studio is a platform that’s purpose-built for rental property owners and works seamlessly from day one. Key real estate metrics like net cash flow, occupancy rates, and appreciation are standard components of the dashboards. Real estate-related income and expense categories are built directly into the transactions ledger. 

You can manage your income and expenses on an organisation, property, or unit level. And with our filters you can generate detailed reports fast. For example, run our Schedule E report, print it out and copy across the details to your Schedule E form. With Landlord Studio, you can expect to be up and running in 15 mins or less!

On top of this Landlord Studio offers a number of automation features that make property management more practical for landlords.

Can I Use Landlord Studio for Commercial Properties?

Whilst Landlord Studio is purpose-built for residential income properties we do have users that currently use the system for commercial real estate. 

Just keep in mind that Landlord Studio is not designed to accommodate office, industrial, or speciality properties with complicated rent rolls or single-tenant triple-net leased buildings with lots of pass-through operating expenses. We also do not provide support for setting up and managing commercial properties on the platform.

We always recommend people take advantage of our free trial and set up a few properties on the software to figure out if our software works for their particular needs.

Can I Use Landlord Studio for Rent Collection and Credit Checks?

You can’t currently collect rent through the app. However, this is a feature that has been requested by a number of our users and we are currently working on developing it. We are hopeful to release this feature later in 2020.

You can run credit checks on tenants through our app. Read our Detailed Guide on Tenant Screening for more information.

Which Countries Is Landlord Studio Available In?

Landlord Studio is available globally. 

Unfortunately, due to regulatory and compliance differences between countries not all of our features are available in every location. For example, Bank Feed integration and in-app Tenant Screening is only available in the US. We intend to expand all our features to all of our users as soon as our 3rd party providers and regulations allow.

How Long Does It Take to Get Set up On Landlord Studio?

Setting up your first property on Landlord Studio takes about 5-10 minutes. Owners of single-family rentals and smaller multi-family buildings may be able to do a simple set up from memory alone. Owners of larger buildings or extensive portfolios will likely need to look up a few key pieces of information like rent rolls and mortgage details to get started.

How Do You Cancel or Delete Your Account?

As mentioned before we offer a free 14 day trial for all our users. We encourage everyone to take advantage of this and not to purchase until they are certain this is the software for them.

If you choose not to buy simply delete the app off your device. After a set period your data will automatically be erased from the system. 

After you have purchased a subscription you can cancel your subscription any time in the settings on our website.

What Reports Are Included in Landlord Studio?

We have a number of different reports that are available in CSV of PDF format including:

Profit/Loss, Net Worth, Schedule E Report, Income Expense, Income/Expense Categories, Breakdown Statement, Mileage, Occupancy, Overdue/Upcoming Expenses, Payments Made, Reminders, Rent Ledger, Rent Overdue List, Rent Roll, Tenant Directory, plus more coming!

Some reports are only available on Growth and Scale plans.*

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Ben Luxon

"Ben is an author and real estate enthusiast. His interest in all things entrepreneurial has led him to work with real estate professionals all over the world, distilling their knowledge into articles and Ebooks. His love of travelling has taken him to over 10 countries in the last year, where he has sampled the craft beer of them all."

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