Buildium Property Management Software is a cloud-based tool designed to simplify and streamline various business activities involved in property management. From vacancy management and rent collection to maintenance cycle management and accounting, this software offers a comprehensive solution.

With Buildium, property owners can efficiently manage their day-to-day activities, including sending reminders and processing payments. The software enables users to restructure their rent cycle and optimize key activities such as lease tracking, tenant management, ledger accounting, on-demand reporting, and automation of rent collection. By automating these processes, property owners can save valuable time and resources, allowing them to focus on other critical aspects of their business.

Buildium’s cloud-based nature provides the convenience of accessing the software from anywhere, without the need for additional installations or hardware. This accessibility ensures that property owners can manage their properties on the go and stay connected to their business at all times.

The automation workflows offered by Buildium further enhance efficiency and productivity. By automating tasks such as rent collection and payment processing, property owners can reduce manual effort and streamline their operations. Additionally, features like lease tracking, tenant tracking, and on-demand reporting provide valuable insights into the performance of properties and enable informed decision-making.

Features of Buildium Property Management Software

Buildium Property Management Software offers a range of powerful features that can streamline workflows and optimize specific processes for property managers and property management businesses. Here are some notable highlights of this tool

Accounting

Accounting and bookkeeping are vital components of every business, and Buildium recognizes their significance by offering integrated accounting software, including bookkeeping and tax management features. In addition to these core functions, Buildium provides a range of additional features such as financial reporting, payment recording, and bill management, making it a comprehensive solution for property managers.

For instance, if a tenant wishes to pay rent online, Buildium enables property managers to conveniently process these payments and deposit them directly into their designated bank account. This streamlined process ensures that payments are properly recorded in the ledger and transactions are automatically logged, saving time and reducing the risk of errors.

Leasing

The leasing process is a key module within Buildium Property Management Software. With this tool, property managers can effectively manage their rental listings on popular platforms such as Trulia, Zillow, Craigslist, and Yahoo. Additionally, the software enables a seamless online procedure for tenant screening and lease signing.

Tenant screening is a critical aspect of rental management, as it helps property managers and landlords protect their income and properties. Fortunately, Buildium offers an efficient screening feature that allows users to easily access criminal, credit, and eviction records with just a few clicks. This functionality helps property managers assess the suitability of applicants, ensuring they are genuinely interested in renting and that they meet the necessary criteria for tenancy.

Additional Features

Buildium Property Management Software offers a range of features designed to streamline property management processes and enhance efficiency. Here are some key features:

1. Customized Listing Management: Buildium allows property managers to create and customize listings based on popular websites like Trulia, HotPads, and more, ensuring maximum visibility for rental properties.
2. Online Showings and Scheduling: Prospective tenants can easily book showings or virtual visits through Buildium based on the property manager’s pre-recorded calendar, providing convenience and flexibility.
3. Unified Database for Fees and Applications: Buildium consolidates fees, applications, and their data into a single database, simplifying management and improving organization.
4. Owner and Tenant Portals: The software provides separate portals for owners and tenants, facilitating clear and streamlined communication as well as easy access to information for both parties.
5. Secure Document Storage: Buildium offers secure document storage for important records, such as emails, updates, notices, leases, and insurance documents, ensuring easy access and efficient record-keeping.
6. Flexible Payment Options: Tenants can utilize their preferred payment methods, such as credit cards or electronic fund transfers (EFT), for monthly rent, security deposits, or late fees, providing convenience and flexibility.
7. Maintenance Request Tracking: Tenants can submit maintenance requests through Buildium, simplifying the tracking process for property managers and reducing hassle.
8. Expense and Income Tracking: Property managers can track their business expenses and income through the software, creating reports and checking e-file statements from vendors and clients, aiding in financial management.
9. Professional Website Creation: Buildium allows property managers to create a professional and customized website for their property management business, enhancing their online presence.
10. Buildium Academy: If users encounter any issues while using the software, they can access the Buildium Academy, which provides helpful resources such as how-to guides and quizzes for assistance.
11. Branding and Customization: Buildium enables property managers to establish their own brand or use a custom logo, helping to enhance their brand identity.
12. User-Friendly Interface: The software features an intuitive interface that is easy to navigate and understand, even for users who may not be tech-savvy.
13. Tenant Report Card: Buildium offers a tenant report card feature, allowing property managers to track and evaluate the performance of their tenants.
14. Cost Monitoring: Buildium provides detailed expense analysis, enabling property managers to closely monitor costs and aid in budgeting efforts.

Pricing

Buildium Property Management Software has three pricing structures with different services. Every structure has a varied monthly fee. Depending on your requirements, you can select the best service. Below are the options.

Premium Plan

Premium Plan is for extensive property management needs. Every feature is included in this plan. You additionally get insight and analytics buildium features along with business development support.

Price

The price for the entire plan is USD 479 for each month.

Growth Plan

The growth plan is good for property management companies. It has additional features, such as free bank account setup, incoming payments, and mobile inspections. You can also e-lease 30 free documents.

Price

The price for the entire plan is USD 166 for each month.

Additional payments are:

• USD 0.50 for outgoing payments
• USD 18 for screening
• 2.95% for credit card transactions

Essential Plan

Property management companies, as well as landlords, can purchase this plan for the management of 150 or fewer rental units.

Price

The price for the entire plan is USD 52 for each month.

Additional payments are:

• USD 1.25 for incoming payments
• USD 0.50 for outgoing payments
• USD 15 for screening
• 2.99% for credit card transactions
• USD 99 for bank account setup
• USD 5 for e-lease
• USD 99 for mobile inspections

Buildium’s property management software can be utilized to automate recurring tasks like sending reminders for upcoming due dates and processing payments. The software offers three different price tiers, allowing users to choose the one that best suits their preferences and requirements.

The monthly cost of Buildium varies depending on the chosen tier and the specific elements included in that package. The premium tier offers additional features such as a free checking account, mobile auditing, and payment processing capabilities.

By implementing Buildium as their property management software, companies can streamline their processes and operations. The software is particularly suitable for smaller and medium-sized property management companies, thanks to its affordable and manageable monthly subscription plans.

Should You Use Buildium Property Management Software?

Buildium Property Management Software is a web-based application that simplifies various property management tasks, including accounting, rent and payment management, maintenance cycle management, and vacancy management. These are just a few examples of the processes that can be streamlined with the software’s assistance.

Implementing Buildium can help property managers streamline their business processes and activities. It relieves the burden of manual information management and handling multiple data streams. With Buildium, activity and process automation become more efficient, saving time and effort.

The pricing structure of Buildium is designed to cater to users of all categories. This means that even small and medium-sized property management companies can easily afford and utilize the software on a monthly basis.

Buildium has received highly positive reviews from users in the property management industry. If you aim to enhance your operational efficiency, consider exploring the available pricing plans, selecting the most suitable one, and start using Buildium Property Management Software today!