Getting organized and growing your real estate business may have just got a whole lot easier. We are reviewing Buildium and all of its features to determine the best property management software for property managers and landlords. If you are debating if Buildium is a good fit for you and your business then you are in the right place.
Buildium Features
Buildium is a cloud-based property management software that can help you manage your investment properties more efficiently. It is a one-stop-shop offering a wide range of features, including:
- Accounting: Track income and expenses, generate reports, and reconcile bank accounts. Automate EFT and credit card payments for rent, fees, and bills.
- Maintenance and Repairs: Create and track maintenance requests, schedule work orders, and track expenses. Quickly view your account dashboard to view and check off maintenance requests.
- Document Sharing: Store and share documents, such as leases, contracts, and inspection reports. Collect eSignatures for every lease eliminating the need to chase down tenants or waste time scanning.
- Tenant Communication: Send and receive emails, text messages, and portal messages. Good communication is everything. Get your messages read and responded to by reaching tenants through their preferred method of contact.
- Tenant Screening: Screen tenants and run background checks. You can set custom screening requirements for each property to take the work out of filling vacancies with qualified tenants.
- Mobile App: Access Buildium on the go from your phone or tablet.
- Public Website: With Buildium you will receive a free public website for your real estate listings. Add another level of professionalism to your business and easily share and receive more tenant leads.
Buildium really does offer a comprehensive approach to property management with a wide range of features. With everything housed under one software, property management just became easier and more efficient.
Pricing:
Buildium has a variety of pricing plans, starting at $52 per month for up to 20 units so you can choose the plan that’s right for your needs. The price increases as the number of units increases. This makes it a scalable option that can be used by property managers and landlords of all sizes.
Buildium Property Management Software Review
Buildium Pros and Cons At a Glance
| Pros | Cons |
| Wide Range of Features | Limited live customer support |
| Easy to Use | Some additional per-use fees |
| Affordability – Pricing per number of units | Can be expensive for smaller businesses |
| Scalable | Some features are more complex |
| Variety of Training Resources | |
| 14 Day Free Trial, No Credit Card Required |
Benefits of Buildium
Buildium offers everything that a property manager or landlord could possibly need all in one user-friendly software. It’s easy to learn and use, even for people who aren’t familiar with property management software. The software also offers a variety of training resources, including articles, videos, and webinars for questions about any features.
Affordability means something different to everyone. We are putting this one under the benefits column because Buildium offers a sliding scale payment option based on the number of units you manage and which features you need. If you are currently paying a property manager at 5-10% a month it really is a steal of a deal!
The platform has a convenient dashboard so you can review work order requests, tenant correspondence, expiring leases and your financial information all at a glance. Another added bonus is that all your information is in one place – tenant contact info, lease contracts, property pictures and listing descriptions. If you have ever had to search your computer for property pictures or look through folders for contracts, then you know the frustration I am talking about.
We always recommend their 14-day free trial so you can decided for yourself if the software will be a good fit for you and your business. It takes just seconds to sign-up and they provide you with sample properties so you can quickly see how everything works. Schedule a demonstration if you prefer a guided tour so you can quickly get your questions answered.
Drawbacks of Buildium
Buildium is a complex and comprehensive property management software. With any new software, there can be a bit of a learning curve. You will initially need to dedicate some time to getting into it and learning all that it can do.
As mentioned earlier, pricing can be pretty subjective. Buildium may be too much in terms of features and pricing for smaller independent landlords. If you are on a budget or only manage a few properties, you may want to consider a less expensive alternative. The platform does seem to cater to the needs of property managers and landlords with larger portfolios. Also depending on the plan you select there may be some additional per-use fees for various features.
Overall Buildium Recommendation
Overall, Buildium is a powerful property management software that offers a wide range of features and is easy to use. It’s a good choice for landlords and property managers with larger portfolios who are looking for a way to manage their properties and grow more efficiently.
If you are tired of scattered receipts, chasing down rent payments and having a separate system for everything that needs done then a dedicated property management software might be what you need to take the next step in your business. It is easy to give Buildium a try with their no commitment 14-day free trial – you don’t even have to enter your credit card info. It takes just seconds to sign-up to determine for yourself if Buildium will be right for you and your growing business.
Wishing you the best in property management success!
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