terraceIQ review
A broad web platform for managers who need detailed financial reports and audit trails.
Reviewed by iTechGuides Editors · Editorial team · Updated Oct 2026
terraceIQ is property management software from MKN Web Solutions, LLC for landlords and property managers. It brings lease lifecycle management, rental applications, tenant payments, accounting, maintenance, vendor management, reporting, document signing, and audit trails into one web platform. The feature set supports portfolios ranging from a single duplex to thousands of units, with tenant self-service, automated rent billing, lease workflows, preventive maintenance scheduling, and portfolio insights.
For ecosystem fit, terraceIQ connects with Stripe, AppFolio, Buildium, and Yardi. Its tenant portal supports rent payments, maintenance requests, document signing, messaging, files, and notices, while accounting tools cover double-entry accounting, bank reconciliation, invoices, owner statements, 1099s, and check printing. Maintenance workflows add priority SLAs, vendor quotes, time logs, attachments, and preventive scheduling. These capabilities make the product relevant to managers coordinating leasing, finance, residents, and vendors across a connected operating workflow.
The standout strength is the combination of detailed reporting and field-level activity history. Portfolio reports cover P&L, rent roll, accounts receivable aging, cash flow, occupancy, and property comparison, while the audit log records activity across leases, invoices, payments, and contracts. The vendor states that pricing is flat and includes a free trial. terraceIQ is a strong fit for managers who need broad operational coverage and traceable records; owners seeking only basic rent collection or a narrower workflow may prefer a simpler tool. Access is web-based, and no free plan is offered.
terraceIQ pros and cons
- Where it wins
- Combines leasing, accounting, payments, maintenance, and tenant services
- Field-level audit logs cover leases, invoices, payments, and contracts
- Portfolio reports include P&L, rent roll, AR aging, and occupancy
- Where it doesn't
- Web-only access limits platform choice
- No free plan is offered
- Its broad scope may exceed simple rent-collection needs
terraceIQ fact sheet, pricing and score →
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