Stop Reconciling Rent From Yesterday.
Finexer’s Open Banking infrastructure powers rent collection and supplier payouts inside UK property management platforms.
Property management software UK landlords and letting agents choose in 2026 carries more compliance weight than ever. The Renters’ Rights Bill 2025 abolished Section 21, introduced new possession grounds, and forced every letting platform to update notice workflows and tenancy templates.
Most landlords still pick lettings software on the feature list, not on how the bank feed works at month-end.
This comparison covers six letting platforms UK agents, landlords and PropTech builders actually use – what each one does and where Finexer’s bank-data layer connects inside them.
TL;DR
The best property management software UK platforms cover the full tenancy lifecycle: AST creation, rent collection, deposit protection, maintenance, accounting and MTD compliance. Six platforms lead: Reapit and Re-Leased for larger agencies, Arthur Online and PayProp for mid-market, Goodlord for end-to-end agency workflow, and Hammock for self-managing BTL landlords. The 2026 shift: Open Banking rent collection is standard, and Renters’ Rights Bill compliance is now a baseline for every letting tool.
What Is Property Management Software?
Property management software for landlords in the UK is the operational system running residential tenancies – from AST creation and Right to Rent checks at the start, through to deposit return and end-of-tenancy accounting. It is not a standalone accounting tool or a CRM, though modern platforms include elements of both.
Core functions: tenancy creation and document storage, rent collection and arrears management, deposit registration with TDS, DPS or MyDeposits, maintenance requests and contractor assignment, landlord accounting, and MTD-ready reporting for quarterly Income Tax records.
The UK-specific layer matters: CMP for letting agencies, ARLA compliance workflows, Right to Rent checks, and HMO licensing conditions are built into good lettings software – not left for the agent to configure separately.
What Should UK Landlords and Agents Look for in a Letting Platform?
Six criteria matter most in a post-Renters’ Rights Bill landscape:
- Rent collection rail: Open Banking via Faster Payments, BACS, or card – each carries a different confirmation lag and cost
- Renters’ Rights Bill compliance: updated grounds for possession, Section 8 notice templates, tenancy agreement clauses aligned to 2025 legislation
- MTD readiness: quarterly digital records from April 2026 for landlords with income over £50,000
- Deposit scheme integration: TDS, DPS or MyDeposits for legally compliant protection and prescribed information generation
- Client Money Protection: mandatory for letting agencies, with RICS or Propertymark-aligned CMP compliance
- Maintenance workflow: contractor assignment, job tracking, cost allocation and inspection scheduling
Which Are the 6 Best Property Management Software Platforms in the UK?
| Platform | Tier | Open Banking rent | MTD-ready | Best for |
|---|---|---|---|---|
| Arthur Online | Mid-market | Yes (OB integration) | Yes | Growing portfolios and agencies |
| PayProp | Mid-market | Partial | Yes | Agencies managing client funds |
| Reapit | Enterprise | Via integrations | Yes | Large multi-branch agencies |
| Re-Leased | Enterprise/Mid | Via integrations | Yes | Commercial and mixed portfolios |
| Goodlord | Mid-market | Yes (OB) | Yes | Agencies: full tenancy-to-move-in |
| Hammock | SME/Self-manage | Yes (core feature) | Yes | Self-managing BTL landlords |
How Does Arthur Online Work?
Arthur Online is a cloud lettings and property management platform built for UK agencies and portfolio landlords managing residential and HMO properties. It covers the tenancy lifecycle from enquiry through to renewal – AST creation, document storage, rent collection and maintenance – in one system.
Key features:
- AST and document creation with digital signatures and renewal automation
- Open Banking rent collection with automated matching against the rent schedule
- HMO room management and licence condition tracking alongside standard tenancies
- Contractor portal for maintenance with job assignment and cost tracking
- Property-level P&L accounting and HMRC-compatible statements
- MTD-compatible quarterly reporting and multi-portfolio access
Integrations: Xero, accounting tools and Open Banking payment layers.
Pricing: per-property subscription (verify at arthuronline.co.uk). Best fit: agencies and portfolio landlords managing mixed residential and HMO properties. Less suited for: large multi-branch agencies needing a full CRM.
How Does PayProp Work?
PayProp is a bank-integrated letting and client accounting platform for agencies holding client funds. Rent collection, reconciliation and landlord disbursement run on regulated payment infrastructure – not a bolt-on feature. Tenant payments match against ledgers automatically, and the client account compliance layer reduces the audit burden for ARLA-regulated agencies.
Key features:
- Automated rent collection with real-time ledger matching and arrears escalation
- Landlord disbursement with itemised statements and automated payment runs
- Client account reconciliation built into the workflow – no separate step required
- CMP-aligned client money handling for regulated letting agencies
- MTD-compatible landlord statements and accounting exports
Integrations: accounting platforms and agency management tools.
Pricing: per-property subscription (verify at payprop.com/uk). Best fit: ARLA agencies needing CMP compliance. Less suited for: self-managing landlords.
“The letting agents I speak to who run the tightest operations are almost always the ones with the cleanest reconciliation. PayProp and similar platforms handle that well. Where I see the gap is on the confirmation side – knowing the payment has actually landed, not just that it was scheduled.” – Ravi, Finexer
How Does Reapit Work?
Reapit is the enterprise property management software UK’s largest multi-branch agencies use, with the compliance workflow depth that RICS-regulated and Propertymark-member firms need at scale.
Key features:
- Full estate agency CRM covering sales pipeline and lettings alongside portfolio management
- Renters’ Rights Bill workflow templates for updated Section 8 grounds and prescribed information
- Multi-branch configuration with central data governance
- Client accounting and HMRC-aligned reporting across large portfolios
- Open API connecting bank-data, payment processors and compliance tools
Integrations: enterprise CRM, accounting platforms and Open Banking via open API.
Pricing: enterprise, custom (contact Reapit directly). Best fit: multi-branch Propertymark or RICS-member agencies. Less suited for: single-office agencies or individual landlords.
How Does Re-Leased Work?
Re-Leased covers commercial and residential portfolios – the strongest option for landlords with FRI commercial leases alongside residential ASTs. Its Xero integration syncs at transaction level and the accounting layer runs deeper than most residential-only letting platforms.
Key features:
- Commercial lease management with FRI, rent reviews, break clauses and indexation tracking
- Residential AST management alongside commercial in a single portfolio view
- Deep Xero integration with two-way transaction-level sync, no CSV required
- Maintenance and inspection management with contractor workflow
- MTD-compatible quarterly accounting output and portfolio yield analytics
Integrations: Xero (native two-way), accounting tools and API connections.
Pricing: per-property subscription (verify at re-leased.com). Best fit: landlords with commercial and residential property mixed, or agencies managing both. Less suited for: pure residential letting agencies needing CMP-focused client account compliance.
How Does Goodlord Work?
Goodlord is an end-to-end property management software platform – referencing ongoing management – updated for the Renters’ Rights Bill 2025, including revised prescribed information templates and Section 21 removed from the notice library.
Key features:
- Digital tenant referencing including Right to Rent verification, credit checks and income validation
- AST creation with updated Renters’ Rights Bill-compliant tenancy clauses and e-signature
- Open Banking for property management rent collection with automated arrears workflows
- Tenancy renewal management with automated reminders and landlord approval
- Landlord and tenant insurance embedded in the tenancy workflow
Integrations: letting agency CRMs and accounting platforms.
Pricing: per-tenancy model (verify at goodlord.co). Best fit: residential letting agencies wanting a single workflow from referencing to renewal, updated for 2025 legislation. Less suited for: self-managing landlords or commercial property managers.
How Does Hammock Work?
Hammock is the property management software for BTL investors who self-manage without a letting agent. Its Open Banking bank feed is the core feature. The landlord connects their rental account, Hammock matches incoming rent automatically, and the accounting module categorises transactions for HMRC self-assessment and MTD.
Key features:
- Pay by Bank rent collection via Open Banking bank feed direct to the landlord’s rental account, refreshing in real time
- Automatic rent matching without manual reconciliation – credits mapped to tenants on arrival
- Allowable expense categorisation for HMRC self-assessment and portfolio accounting
- MTD-ready for sole trader landlords in scope from April 2026
- Tenancy tracking and rent increase records
Integrations: bank accounts via Open Banking and accountant access.
Pricing: monthly subscription by portfolio size (verify at hammock.io). Best fit: BTL landlords self-managing residential portfolios who need automated rent tracking with tax-ready accounting. Less suited for: letting agencies holding client funds, or large commercial portfolios.
How Does Finexer Fit Into Property Management Software?
Finexer is not a letting platform or landlord app. It is the Open Banking infrastructure that property management systems and PropTech builders use to add live bank-data and payment capability inside their own products.
The problem Finexer solves: lettings platforms on BACS rails face a confirmation lag – rent takes days to confirm and reconciliation runs from yesterday’s ledger. Finexer’s AIS and PIS rails close that gap.
What Finexer provides:
- Live bank data via Open Banking AIS, with real-time webhooks when rent credits arrive
- Coverage across 99% of UK banks through one FCA-authorised connection (FRN 925695)
- Pay by Bank rent collection via PIS, settled via Faster Payments
- Bank-verified income confirmation for tenant affordability checks at move-in
- Contractor payment disbursement via PIS with status webhooks
- White-label consent flows, REST API and sandbox
Honest scope: Finexer does not provide AST creation, deposit protection, maintenance or CRM – those stay with the letting platform.
“The payment behaviour I see most often in property management software is the same. Not about features – it is about reconciliation. ‘Why does it take three days to confirm whether rent has been paid?’ The answer is almost always the payment rail. BACS gives you yesterday’s data at best. Open Banking gives you the moment the payment lands.” – Ravi, Finexer
PSD2-compliant. Usage-based pricing. 3 to 5 weeks of onboarding support for platforms embedding the rail.
For rent-collection tool comparisons, see automated rent collection tools. The broader Proptech and Open Banking category shows how banks connect across the full property management workflow.
Which Property Management Software Fits Your Use Case?
Choosing the right property management software depends on portfolio size, whether you hold client funds, and Renters’ Rights Bill compliance.
Self-managing BTL landlords: Hammock for automated rent matching and MTD-ready tax records. LandlordVision and Landlord Studio are strong alternatives at this tier.
Letting agencies manage client funds: PayProp for CMP-compliant client account management, Goodlord for the full tenancy-to-renewal workflow with updated 2025 legislation templates.
Multi-branch Propertymark or RICS-member agencies: Reapit for the full estate agency stack with enterprise compliance depth.
Mixed commercial and residential portfolios: Re-Leased for FRI lease management alongside residential ASTs.
Mid-market agencies and portfolio landlords: Arthur Online covers the broadest feature set at this tier, including HMO management.
PropTech platforms building letting features: Finexer for the bank-data and payment rail.
At Finexer, we work with UK PropTech platforms and letting agencies across the residential sector. The pattern in property management software UK is consistent: live bank data closes the reconciliation gap. BACS-based platforms are still manually confirming rent at month-end.
What is the best property management software for landlords in the UK?
For self-managing BTL landlords, Hammock combines Open Banking rent matching with MTD-ready self-assessment accounting. For agency-managed portfolios, Arthur Online or PayProp cover the full workflow. The right choice depends on whether you self-manage or work through a letting agent.
Does UK letting software handle the Renters’ Rights Bill changes?
Goodlord, Reapit and Arthur Online have updated tenancy templates and notice workflows to reflect the 2025 Act – updated Section 8 grounds, Section 21 removal, and revised prescribed information templates. Always verify which updates a platform covers.
Which UK property management platform works best for accounting?
Re-Leased has the deepest Xero integration for mixed portfolios. Hammock and Arthur Online generate MTD-compatible records directly for landlord self-assessment. All six platforms on this list support HMRC-aligned accounting output, but depth varies by tier.
Does property management software for landlords in the UK handle tenancy deposits?
Most platforms integrate with TDS, DPS or MyDeposits. Goodlord and Arthur Online handle deposit registration within the workflow. Always confirm which scheme a platform integrates with and whether it generates prescribed information automatically.
If your property management software for landlords in the UK needs live rent confirmation or instant contractor payouts, Finexer’s Open Banking infrastructure handles the bank-data layer
About the Author
Ravi Ranjan
Ravi Ranjan is Co founder & CEO of Finexer