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Innago VS Splitwise

Compare Innago VS Splitwise and see what are their differences

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Contents:
  1. ยป Base Details
  2. ยป Videos
  3. ยป Reviews
  4. ยป Alternatives

Innago logo Innago

Innago offers a cloud-based property management platform for landlords with small to midsize property portfolios. Innago is 100% free to use and comes with a long list of affordable features.

Splitwise logo Splitwise

Splitwise is a free tool for friends and roommates to track bills and other shared expenses, so that everyone gets paid back. On the web, iPhone, and Android!
  • Innago Landing page
    Landing page //
    2022-12-27
  • Innago Dashboard
    Dashboard //
    2025-02-14
  • Innago Income Page
    Income Page //
    2025-02-14
  • Innago Adding A Lease
    Adding A Lease //
    2025-02-14
  • Innago Application Builder
    Application Builder //
    2025-02-14

Innago offers a cloud-based property management platform for landlords of all sizes. With Innago, users can collect rent, manage leases, collect signatures, and manage tenants.

Landlords can collect rent via ACH or credit cards. Users can set rents, configure late fees, waive fees if needed, and manage recurring charges like parking fees and utility bills. Email reminders are sent to tenants before rent is due when rent is due, and if a payment is late. Innago also includes invoice generation, late fee assessment, account deposits, and invoice tracking. Multiple bank accounts are supported.

E-signature tools let tenants sign leases remotely from mobile or desktop devices. Landlords and tenants can access documents remotely as well, built-in lease templates allow users to configure rental amounts, lease dates, and pet addendums. Users can also add, remove, and sublease tenants. Communication tools let users contact individuals or entire properties.

Our mission is to make renting simple, accessible, and affordable for landlords of any size.

  • Splitwise Landing page
    Landing page //
    2023-01-23

Innago features and specs

  • User-Friendly Interface
    Innago boasts a simple and intuitive interface, making it easy for landlords and property managers of all experience levels to navigate and use the platform.
  • Free for Landlords
    Innago offers a range of features at no cost to landlords, including tenant screening, lease management, and online rent collection, making it a cost-effective solution for property management.
  • Customer Support
    Innago provides dedicated customer support, offering assistance through phone, email, and live chat to help resolve issues quickly.
  • Recurring Payments
    The platform allows tenants to set up recurring payments, which can help ensure consistent and timely rent collection.
  • Customized Lease Templates
    Innago allows landlords to create and customize lease templates, ensuring that all necessary terms and conditions are included and legally compliant.

Possible disadvantages of Innago

  • Limited Integrations
    Compared to some competitors, Innago has fewer integrations with other software and services, potentially limiting its utility for property managers who rely on a diverse tech stack.
  • Feature Limitations
    While Innago is free, some advanced features are not available, which might limit its functionality for larger property management operations with more complex needs.
  • No Mobile App
    As of now, Innago does not offer a dedicated mobile app, which can be a disadvantage for landlords and tenants who prefer managing their needs via smartphones.
  • Tenant Portal Limitations
    Some users have noted that the tenant portal lacks certain functionalities that could enhance the tenant experience, such as better communication or maintenance request tracking.
  • Geographic Limitation
    Innago's services are primarily focused on the U.S. market, which may not be suitable for landlords managing international properties.

Splitwise features and specs

  • User-Friendly Interface
    Splitwise provides an intuitive and easy-to-navigate interface, making it straightforward for users to add expenses, keep track of debts, and settle up.
  • Multi-Platform Availability
    Available on the web, iOS, and Android, Splitwise ensures users can access and manage their expenses from almost any device.
  • Expense Tracking
    The app allows users to easily log and categorize expenses, which can be particularly useful for group trips, shared households, or any shared financial responsibility.
  • Flexible Split Options
    Users can split expenses equally, by percentages, shares, or custom amounts, providing flexibility in how costs are divided among group members.
  • Currency Conversion
    Splitwise supports multiple currencies, which is handy for international travel or groups with members from different countries.
  • Bill Reminders
    The app sends reminders for outstanding balances, helping users to stay on top of their payments and avoid forgotten debts.
  • Integration with Payment Platforms
    Splitwise can integrate with payment platforms like PayPal and Venmo for easy settlement of balances.

Possible disadvantages of Splitwise

  • Privacy Concerns
    Since Splitwise involves sharing financial information with others, there could be privacy concerns for those unwilling to share detailed expense data.
  • Subscription-Based Features
    Some advanced features, such as expense exporting and additional integrations, require a Splitwise Pro subscription.
  • Manual Entry Requirement
    Splitwise requires users to manually enter expenses, which could be time-consuming and prone to errors if not done diligently.
  • Limited Automatic Reconciliation
    While Splitwise helps track who owes whom, it does not automatically reconcile or pay off balances, leaving users responsible for manual payment.
  • Dependency on Group Honesty
    The accuracy of the expense records relies on the honesty and diligence of all group members, which may not always be reliable.
  • Potential for Confusion
    The various options for splitting bills (equally, by shares, etc.) can sometimes lead to confusion or disputes among users over what is fair.

Analysis of Innago

Overall verdict

  • Yes, Innago is generally regarded as a good option for landlords and property managers, especially those managing small to medium-sized portfolios. Its intuitive design, affordability, and functional breadth receive positive feedback. However, as with any software, it may not be the perfect fit for everyone, so potential users should consider their specific needs.

Why this product is good

  • Innago is designed as a property management software aimed at simplifying tasks for landlords and property managers. It offers features like tenant screening, online rent collection, lease tracking, and maintenance requests in a user-friendly interface. These tools can streamline operations and enhance tenant-landlord communication, making it a valuable asset for those managing rental properties.

Recommended for

  • Landlords with small to medium-sized property portfolios
  • Property managers who need a cost-effective and easy-to-use platform
  • Users who prefer a cloud-based solution for managing rental properties
  • Landlords looking for features such as online rent collection, tenant screening, and maintenance tracking

Analysis of Splitwise

Overall verdict

  • Splitwise is a highly effective tool for managing shared expenses, especially if frequent splitting of costs is involved. Its features make it easy to track who owes what, and its automatic calculations save time and reduce errors.

Why this product is good

  • Splitwise is popular because it simplifies sharing and tracking expenses among groups, making it ideal for roommates, friends on trips, or any group spendings.
  • It automatically calculates balances and reminds users about payments, reducing the awkwardness of asking others for money.
  • Offers a user-friendly interface both on web and mobile apps, which makes managing expenses convenient and accessible.
  • Supports multiple currencies, which is great for international travel groups.
  • Integration with payment platforms like PayPal and Venmo for easy settlement of debts.

Recommended for

  • Roommates who need to regularly split household bills and expenses.
  • Groups of friends or families who often travel together and need to manage shared travel costs.
  • Colleagues or classmates working on projects or events that require shared funding.
  • Anyone who wants to avoid the hassle of manually tracking and settling shared expenses.

Innago videos

+ Add

Demo with SourceForge

More videos:

  • Review - #DoorGrowShow | Managing Tenants More Effectively with Dave Spooner of Innago
  • Review - Innago Techxpert Webinar with Dave Spooner

Splitwise videos

+ Add

Splitwise - iPhone App Review! [2020]

More videos:

  • Review - Tricount vs Splitwise - App comparison
  • Demo - Splitwise Demo

Category Popularity

0-100% (relative to Innago and Splitwise)

Innago

Splitwise

Property Management
100 100%
Property Management
0% 0
Personal Finance
0 0%
Personal Finance
100% 100
Rental Property Management
100 100%
Rental Property Management
0% 0
Expense Tracking
0 0%
Expense Tracking
100% 100

Questions & Answers

As answered by people managing Innago and Splitwise.

What makes your product unique?

Innago's answer

Weโ€™ve built our software from the ground up with small and large, independent landlords in mind. Since the very beginning, weโ€™ve been meeting with property owners for direct feedback on which features matter and which donโ€™t. Weโ€™re proud to say that we have a product our landlords and their tenants love. Innago is also free to use for landlords and property owners, yes you read that right! Our entire suite of features, from online rent collection to tenant screening, comes at no cost to landlords. We also know independent landlords and property managers pride themselves on their hands-on approach, and we do too. Thatโ€™s why every one of our clients gets a personal account representative for themselves and their tenants.

Why should a person choose your product over its competitors?

Innago's answer

Too many property management applications are overwhelming, bloated with unnecessary features that drive up the cost and turn their software โ€œsolutionโ€ into a software problem. From day one, we've met and collaborated with landlords of all sizes to produce software that is free, effective, and efficient.

How would you describe the primary audience of your product?

Innago's answer

Property owners and landlords of all sizes.

User comments

Share your experience with using Innago and Splitwise. For example, how are they different and which one is better?
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Reviews

These are some of the external sources and on-site user reviews we've used to compare Innago and Splitwise

Innago Reviews

  1. Tommy Parker
    ยท Property owner at Parker LLC ยท
    Love the software!

    I've been using Innago for over a year and have had a great experience. The platform makes it easy for tenants to sign leases digitally through a seamless application process. I also appreciate how everything is centralized, allowing tenants to make payments directly through the platform.

    ๐Ÿ Competitors: RentRedi
    ๐Ÿ‘ Pros:    Seamless digital leasing|Collecting payments|User-friendly mobile application

Splitwise Reviews

12 Best Bill Splitting Apps in 2023
Splitwise is among the most commonly used group payment apps that can easily keep a systematic record of all your informal debts including restaurant bills, travel expenses, cost of accommodation, and much more. With this expense sharing app, users can either create groups or split the bill privately among friends. Splitwise also registers and saves all the expenses and...
Source: www.mobileappdaily.com
6 Best Bill Splitting Apps for Hassle-Free Expense Sharing
Splitwise employs an intelligent algorithm to calculate the exact amount owed by each user. It shows who paid for what, how much amount was paid by each member, and any outstanding balances. Furthermore, the application also keeps everyone updated about their balances and recent transactions.
Source: www.how2shout.com
Best Bill-Splitting Apps
For example, shared items like appetizers would be split among the entire group or just a few people in the group. The app can handily accommodate large parties by allowing you to add up to 10 people to each group. Once youโ€™ve divided up the food among all the plates you can add in tax and tip. The app is made by the same company as Splitwise and is completely free. The only...
Source: www.thebalancemoney.com
7 Best Budgeting Tools and Apps for Personal Finance
This oneโ€™s not a complete budgeting app but itโ€™s still a handy one. Splitwise is a nifty app that helps people track how much they owe to friends and colleagues and vice versa. It makes sharing expenses on outings, meals, events, etc easy to track by logging in each transaction. It basically keeps a total over time, so that you can pay back the money in a large payment,...
Source: www.softwaresuggest.com

What are some alternatives?

When comparing Innago and Splitwise, you can also consider the following products

AppFolio - AppFolio is the premier online property management software for modern residential and rental property managers. Try it free today.

Tricount - Manage and share expenses with friends

Rezlynx PMS - Next generation cloud based PMS. Rezlynx is PCI compliant, and suitable for any sized hotel or group. It streamlines processes and is seamlessly integrated.

Splid - Splid helps friends manage their money.

Yardi Voyager - Voyager is software for managing properties and the people who live there. The software is developed by Yardi, a company founded in 1984 that specializes in property management software. Read more about Yardi Voyager.

Settle Up - SETTLE UP is an indispensable app for friends and flatmates who need to keep track of shared bills...

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