Buildium Review, Pricing, Features, and More
Buildium is an all-in-one property management software that helps property managers and landlords streamline their tasks, from rent collection to lease tracking and maintenance requests. With its intuitive interface and set of powerful features, Buildium simplifies property management, making it an invaluable tool for real estate professionals. This review article delves deeper into Buildium and how it can help you efficiently manage your properties, whether you have a single property or a large portfolio.
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Buildium is a cloud-based property management tool that empowers management teams of housing and association properties to take charge of every aspect of their operations, whether they are working in an office setting or completely from home. This includes managing online rent and payments, managing vacancies, scheduling maintenance, and keeping track of finances.
Buildium’s comprehensive features and outstanding customer service make it well-suited for rental property owners and entrepreneurs who are in the market for a property management solution. To learn more about how Buildium’s services and pricing stack up against those of other property managers, read this entire guide.
- Buildium is one of the best software for Rental and property management accounting
- The property database is entirely searchable from anywhere on the site
- Accounting functions are easy to use and there is a simple way to make any entry
- Buildium allows you to create customizable listings for your rental properties
- Buildium helps you manage and compare your applicants, so you can quickly find the best tenant
- Provides several tools to help property managers streamline their daily workflow and increase operational efficiency
- Allows you to send mass emails to all of your recipients, and bulk text messages to 10 recipients at a time.
- Buildium’s electronic payments features allow you to send and receive payments quickly
- Allows you to run a variety of reports, so you can quickly view and analyze key data
- Offers 14-days free trial
- Additional fees charged for onboarding support
🏆 Buildium Review: What Is Buildium?
Buildium is a cloud-based property management software for iPad that allows managers at residential and commercial properties to manage all aspects of their business, either in the office or remotely, such as collecting rent payments, managing vacancies, tracking maintenance cycles, and tracking accounting.
Buildium allows property managers and real estate agents to effectively manage features like accounting, business operations, lease management, and benefits management. For residential property managers, Buildium can be utilized for managing rental operations, performing tenant screenings, communicating with tenants, renewing leases, managing electronic leases, and more.
Other features of the Buildium platform include, among other things, property management accounting, document storage, property inspection management, rental insurance tracking, rental application management, etc. It is used by professional property managers, associations, student housing, and affordable housing managers.
Through the resident portal, tenants can utilize Buildium to submit rent payments as well as maintenance requests. With the aid of desktop or mobile apps, property managers may convert queries into work items and delegate them to maintenance supervisors and workers. Recent additions to Buildium include a Resident Center website and mobile app, Resident-specific Renter’s Insurance options, and an improved lease renewal procedure. Buildium offers tiered pricing levels without start-up costs or yearly commitments.
Buildium Review: Benefits Of Buildium
As a property manager or landlord, you face a range of challenges in running your business. From tenant communication to maintenance requests, and rent collection to financial reporting, there are countless tasks that demand your time and attention. That’s where Buildium Property Management Software comes in – a comprehensive platform designed to help you streamline your operations and improve your bottom line. Here are some of the key benefits of using Buildium:
Streamlined Rent Collection and Accounting
Buildium makes it easy to collect rent payments and track your finances with features like online payments, automated late fees, and financial reporting tools. You can set up recurring payments, view payment histories, and generate custom reports for your business needs. With Buildium, you’ll have all the tools you need to stay on top of your finances and maximize your profits.
Efficient Tenant and Lease Management
With Buildium, you can easily manage your tenants and leases with features like online lease signing, rent reminders, and automated lease tracking. You can communicate with tenants directly through the platform, receive maintenance requests, and even track security deposits. Buildium takes the hassle out of tenant management, giving you more time to focus on growing your business.
Automated Maintenance Tracking and Work Orders
Buildium simplifies maintenance management with features like automated work orders, maintenance tracking, and vendor management tools. You can track maintenance requests, assign vendor tasks, and even generate custom maintenance reports. By automating these tasks, you’ll save time and reduce the risk of errors, ensuring that your properties are always in top condition.
Improved Communication with Tenants
Buildium’s communication features make it easy to stay in touch with tenants, whether you need to send out important announcements, reminders, or updates. You can also provide tenants with a custom tenant portal where they can view their lease details, submit maintenance requests, and make online rent payments. By improving communication, you can build stronger relationships with your tenants and keep them satisfied and engaged.
Increased Security and Compliance
Buildium takes security and compliance seriously, offering features like bank-level encryption, two-factor authentication, and compliance with industry regulations such as PCI and SSAE 16. You can also customize user roles and permissions to ensure that only authorized individuals have access to sensitive information. With Buildium, you can rest assured that your data and your tenants’ data are safe and secure.
Enhanced Portfolio Management
Buildium’s portfolio management tools make it easy to manage multiple properties and units, whether they are residential or commercial. You can view key metrics like vacancy rates, rent rolls, and unit turnovers, and even generate custom reports to track your portfolio’s performance over time. By gaining deeper insights into your business, you can make better-informed decisions and improve your profitability.
Comprehensive Tenant Screening
With Buildium’s tenant screening tools, you can conduct comprehensive background checks, credit reports, and criminal history checks on prospective tenants. You can also verify employment and income, and view previous rental history. By screening tenants thoroughly, you can reduce the risk of problem tenants and ensure that your properties are filled with responsible and reliable renters.
Dedicated Customer Support
Buildium’s customer support team is available to assist you with any questions or issues you may encounter. You can access support via phone, email, or chat, and receive help with everything from account setup to technical troubleshooting. With Buildium, you’re never alone in managing your properties – you have a dedicated team of experts at your disposal.
Buildium Review: Features of Buildium
Buildium Review: Property Accounting
Property accounting software is purpose-built to help real estate professionals manage their finances, budgets, and expenses. With specialized features such as rent and lease tracking, expense management, and reporting tools, property accounting software streamlines financial management tasks and provides valuable insights to help businesses stay profitable and successful.
Buildium Review: Rent collection online
Collecting rent online has never been easier with our streamlined payment platform. Say goodbye to time-consuming manual processes and hello to faster, more efficient rent collection. With our online payment platform, you can get paid faster and enjoy greater convenience for both you and your tenants.
Buildium Review: Requests for maintenance
Maintenance requests can be a time-consuming and challenging task for property managers, but with modern software solutions, managing work orders has never been easier. With streamlined processes, intuitive interfaces, and advanced tracking capabilities, software like Buildium allows property managers to manage maintenance requests efficiently, saving time and improving tenant satisfaction.
Buildium Review: The 1099 e-Filing
The 1099 e-Filing system is a convenient and efficient way to create and manage your 1099 forms during tax season. With this platform, you can easily generate 1099s for your contractors and vendors, stay organized, and file your taxes on time with minimal hassle.
Buildium Review: Center for Residents
The Resident Center is a platform designed to provide a streamlined and convenient experience for property residents. With features such as online rent payments, maintenance requests, and community forums, residents can easily manage their living experience and communicate with property management. The Resident Center helps to deliver a superior resident experience and improve overall satisfaction.
Buildium Review: Syndications of Rental Listings
Rental listing syndications allow property managers and landlords to easily advertise their listings across multiple platforms. This means less time spent manually creating and posting listings and more exposure for your rental properties. With rental listing syndications, you can effortlessly reach a wider audience and attract more potential tenants.
Buildium Review: Tenant verification
Tenant screening and background checks are essential steps for landlords and property managers to ensure they are selecting reliable tenants who will pay rent on time, take care of the property, and avoid potential legal issues. These processes involve gathering information such as credit reports, criminal records, and rental history to evaluate the tenant’s suitability for the property.
Buildium Review: Website for property management
Buildium offers a free property management website, providing landlords and property managers with a professional online presence. The website is hosted by Buildium, and includes customizable templates, online rental applications, and integrated payment processing, making it easy to manage properties and attract new tenants.
Buildium Review: Leasing Online
Online leasing is a digital solution that allows property managers and landlords to manage the entire leasing process online. From advertising vacancies to screening tenants, signing leases, and collecting rent, this streamlined approach simplifies the process, reduces paperwork, and provides a convenient way to manage properties remotely.
Buildium Review: Development for property managers
All Property Management offers a platform for property managers to jumpstart their portfolio growth. With a comprehensive suite of tools and resources, property managers can streamline their operations, maximize profits, and expand their businesses more effectively than ever before.
Buildium Review: Marketplace Buildium
Buildium Marketplace is an ecosystem of property management apps designed to enhance the functionality of Buildium’s software. With a range of apps to choose from, including payment processing, background checks, and maintenance request management, Buildium Marketplace offers a comprehensive suite of tools to help property managers streamline their operations and provide top-notch service to their tenants.
Buildium Review: An open API
Open API allows businesses to easily share their data and services with other systems, leading to greater collaboration and efficiency. By opening up their APIs, companies can streamline workflows, automate tasks, and create new revenue streams. This approach enables businesses to work more efficiently, innovate more quickly, and provide better services to their customers.
🏆 Is Buildium Right For You?
Buildium is an all-in-one property management platform used by property managers to manage their residential properties. The program automatically executes many processes in property marketing, resident management, accounting, and reporting.
With a pricing structure that allows property managers to meet the needs of differently sized portfolios, Buildium is a fantastic program for managers at agencies of any size. If you have more than 150 apartments costing more than $20,000 a month to unveil, you really should conduct additional research pertaining to more technologically-advanced service alternatives.
Buildium Review: Conclusion
Buildium, a Real Page company, is a cloud-based property management solution that allows managers of residential and cooperative properties to take charge of every part of their business, whether in the office or completely remotely, including online rent and payments, vacancy management, management cycles, and accountancy.
Buildium is a must-go-to software to use for your property management with some fabulous features and affordable pricing as well. For further queries, you can leave your comments below in the comment section.
Buildium Review: FAQs
What types of properties can Buildium manage?
Buildium can manage different types of properties, including residential, commercial, and student housing.
Can I try Buildium before committing to a pricing plan?
Yes, Buildium offers a 14-day free trial for its software.
Can I integrate Buildium with other software?
Yes, Buildium offers integrations with several third-party software, including QuickBooks, Zillow, and HappyCo.
Is Buildium secure?
Yes, Buildium uses industry-standard security protocols to protect user data, including SSL encryption and regular security audits.
Is Buildium customizable?
Yes, Buildium offers customizable lease agreements, work orders, and move-in/move-out checklists. It also allows users to create custom reports and dashboards.
Does Buildium offer a mobile app?
Yes, Buildium offers a mobile app for iOS and Android devices, allowing users to manage their properties on the go.
How does Buildium compare to other property management software?
Buildium is a comprehensive and user-friendly property management software that offers a range of features at competitive pricing. However, it may not be suitable for larger businesses with more than 5,000 units or those with specific customization needs. It’s essential to evaluate Buildium’s features and pricing in comparison to other property management solutions to determine which one is the best fit for your business.
🏆 Buildium Pricing Plans
Buildium has three pricing plans with different updates and features with each plan, so let’s go ahead with the pricing tiers of Buildium.
|Resident & Board Member Communications||Included||Included||Included|
|Free Marketing Website||Yes (available for purchase)||Yes (available for purchase)||Yes (available for purchase)|
|Property Inspections||Starting at $40/month||Tenant Screening||Tenant Screening & Enhanced Tenant Screening|
|eSignatures||$5 per eSignature||Unlimited||Unlimited|
|Online Payments||Incoming EFT: $1.00||Outgoing EFT: $0.50 per transaction|
|Bank Account Set Up Fees||$99 per bank account||5 free bank accounts; $99 per bank account||5 free bank accounts; $99 per bank account|
|Standard Reports||Included||Performance Analytics and Insights||Business Analytics and Insights|
|Support||Ticket Support||Live Phone Support||Priority Support (available for purchase)|
|Onboarding||Additional fees apply||Additional fees apply||Dedicated Growth Consultant for New Client Leads|