Buildium is a cloud-based property management software that helps real estate professionals streamline their operations.
It offers various features such as accounting, maintenance, and communication tools to help users manage their properties efficiently. However, one of the most important factors to consider when choosing Buildium is its cost.
The cost of Buildium varies depending on the type of subscription package you want to purchase. Its most affordable plan called Essential starts at $52/month.
Next, the Growth package can go for as low as $166/month. Meanwhile, the Premium plan starts at $479/month. These prices are subject to change, so it’s best to check the official Buildium website for the latest pricing information. Read on to learn more.
Buildium Pricing Packages
Buildium offers three different pricing packages that cater to the specific needs of property managers. Each package includes a set of features and tools that can help streamline the property management process. Below are the details of each package.
The Essential Plan is Buildium’s most affordable package. It includes basic features such as online rent collection, tenant screening, and accounting tools.
This plan is ideal for smaller property management companies that need to manage up to 150 units. The Essential Plan starts at $52 per month.
The Growth Package is Buildium’s mid-tier package. It includes all the features of the Essential Plan, as well as additional tools such as maintenance tracking, owner portals, and custom branding.
This plan is designed for property management companies that need to manage up to 500 units. The Growth Package starts at $166 per month.
The Premium Plan is Buildium’s most comprehensive package. G2 reported that it includes all the features of the Growth Package, as well as advanced tools such as custom reports, lease expirations, and eLeasing.
This plan is ideal for larger property management companies that need to manage more than 500 units. The Premium Plan starts at $479 per month.
It is important to note that Buildium’s pricing is based on the number of units managed, not the number of users.
This means that property management companies can add as many users as they need without incurring additional costs.
Additionally, Trust Radius mentioned that Buildium offers a free trial for all of its packages, allowing property managers to test out the software before committing to a subscription.
Overall, Buildium’s pricing packages are designed to provide property managers with the tools they need to efficiently manage their properties. Whether a company is just starting out or has been in business for years, Buildium has a package that can meet its needs and budget.
Features of Buildium
Buildium is a cloud-based property management software that offers a suite of features to help property managers streamline their operations. Capterra’s review listed Buildium’s features. Here are some of them:
Buildium’s property management features allow property managers to automate many of their daily tasks, such as rent collection and lease renewals.
The software also provides tools for managing maintenance requests, scheduling property inspections, and communicating with residents and vendors.
Buildium’s accounting features help property managers keep track of their finances. The software provides tools for managing accounts payable and receivable, generating financial reports, and tracking expenses.
Buildium’s maintenance features allow property managers to easily manage maintenance requests and work orders. The software provides tools for tracking maintenance tasks, scheduling preventative maintenance, and communicating with maintenance staff.
Buildium’s communication features make it easy for property managers to stay in touch with residents and vendors. The software provides tools for sending mass emails and text messages, as well as for managing resident and vendor portals.
Buildium’s payment features allow property managers to easily collect rent and other payments from residents. The software provides tools for setting up automatic payments, tracking payment history, and generating payment reports.
Buildium’s tenant screening features help property managers find qualified tenants. The software provides tools for running credit and background checks, as well as for verifying employment and rental history.
Buildium’s reporting features provide property managers with valuable insights into their business. The software provides a wide range of reports, including financial reports, occupancy reports, and maintenance reports.
Overall, Buildium offers a comprehensive set of features to help property managers automate their daily tasks and streamline their operations.
With its cloud-based platform and excellent support, Buildium is a great choice for property managers looking to improve their efficiency and grow their business.
Buildium is a property management software that offers a range of benefits for property rental managers, commercial property owners, and affordable housing providers. Here are some of the key benefits of using Buildium:
Buildium helps property managers save time by automating many of the tasks involved in managing properties.
For example, Buildium can automate rent collection, lease tracking, and maintenance requests. This means that property managers can spend less time on administrative tasks and more time on growing their business.
Buildium provides on-demand reports that can help property managers make informed decisions about their properties.
For example, Buildium can generate reports on rent payments, maintenance requests, and lease expirations. This means that property managers can quickly identify issues and take action to address them.
Buildium uses modern technology to provide a seamless user experience. For example, Buildium’s mobile app allows property managers to manage their properties on-the-go. This means that property managers can stay connected to their properties no matter where they are.
Buildium provides user-friendly tools that make it easy for property managers to manage their properties.
For example, Buildium’s online portals allow tenants to pay rent, submit maintenance requests, and communicate with property managers. This means that property managers can provide better service to their tenants and improve client satisfaction.
Overall, Buildium is a powerful property management software that can help property rental managers, commercial property owners, and affordable housing providers save time, make informed decisions, and provide better service to their clients.
Buildium Pricing Details
When it comes to property management software, Buildium is a popular choice for many property managers. In this section, we will take a closer look at the pricing details of Buildium.
Before committing to a subscription, Buildium offers a free trial for interested users. This trial allows users to test out the software and its features before making a purchase decision. The trial period typically lasts for 14 days.
Buildium offers a rewards program for its users. This program allows users to earn points by completing certain tasks within the software, such as adding new properties or inviting new users. These points can then be redeemed for rewards such as gift cards or discounts on subscription fees.
Buildium’s open API allows users to integrate the software with other applications. This can be useful for property managers who use other software solutions in addition to Buildium.
Buildium offers 1099 E-filing services for property managers. This feature allows users to easily file 1099 forms for their vendors and contractors directly from the Buildium software.
Buildium’s pricing plans are based on the number of units managed. The Essential plan starts at $52/month for up to 150 units, while the Growth plan starts at $166/month for up to 500 units.
The Premium plan starts at $479/month for up to 5,000 units. For properties with more than 5,000 units, users must contact Buildium for pricing information.
All Buildium plans include features such as financial reports, an owner portal, and online rental applications. Additionally, Buildium is a cloud-based property management solution, meaning that users can access the software from anywhere with an internet connection.
For users who manage association properties, Buildium offers a separate Community Association Management plan. This plan includes features such as maintenance cycles and Zillow integration.
In conclusion, Buildium offers a variety of pricing plans to fit the needs of different property managers. With features such as a free trial, rewards program, and open API, Buildium is a versatile and user-friendly software solution for property management.
Buildium Performance Insights
Buildium offers a variety of performance insights to help property managers track and analyze their business. This section will outline the different types of insights available and how they can be useful.
Analytics and Insights
Buildium provides a range of analytics and insights to help property managers make informed decisions.
These include financial reports, rent roll reports, and lease expiration reports. With these reports, property managers can get a clear picture of their finances, see which units are vacant or occupied, and keep track of lease renewals.
Buildium’s performance insights provide a deeper level of analysis, allowing property managers to track key metrics such as occupancy rates, rent growth, and turnover rates.
With this information, property managers can identify areas where they need to improve and take action to address any issues.
In addition to financial and performance insights, Buildium also offers business analytics. These include data on market trends, property values, and rental rates in different areas.
With this information, property managers can make more informed decisions about where to invest and how to price their units.
Overall, Buildium’s performance insights provide property managers with the data they need to make informed decisions and improve their business.
Whether you’re looking to track financial performance, monitor occupancy rates, or stay up-to-date on market trends, Buildium has the tools you need to succeed.
Buildium Maintenance Tasks
Buildium’s maintenance tasks feature helps streamline the property management process, making it easier to track, schedule, and manage maintenance requests. This section will explore the different sub-sections of Buildium’s maintenance tasks feature.
Maintenance Request Tracking
Buildium’s maintenance request tracking allows property managers to receive and track maintenance requests from tenants. Tenants can submit their requests via an online portal, and the property manager can assign the request to a vendor or staff member for completion.
Property managers can also track the status of the request, including when it was assigned, when it was completed, and any associated costs.
Buildium’s maintenance cycles feature allows property managers to schedule and manage recurring maintenance tasks. This includes tasks like lawn care, HVAC maintenance, and pest control.
Property managers can set up maintenance cycles for individual units or entire properties, and Buildium will automatically generate work orders for the tasks.
Buildium’s EFT transactions feature allows property managers to pay vendors and suppliers electronically, saving time and reducing the risk of errors. Property managers can set up EFT payments for recurring expenses like utilities, or for one-time expenses like repairs.
Buildium will automatically generate a payment record in the accounting system, making it easy to track expenses and reconcile accounts.
Buildium’s maintenance tasks feature is designed to make property management easier and more efficient. By tracking maintenance requests, scheduling maintenance cycles, and processing EFT transactions, property managers can save time and reduce errors.
Buildium also offers soft credit checks and standard reports, which can help property managers make informed decisions about tenants and properties.
Buildium Tenant Management
Buildium’s Tenant Management is a comprehensive solution that makes it easy for property managers to manage their tenants from one central location.
The platform offers a wide range of features that streamline tenant management, from rent collection to task management. Here are some of the key features of Buildium Tenant Management:
The Resident Center is a centralized hub where tenants can manage their accounts. They can view their lease agreements, submit maintenance requests, and communicate with property managers.
The Resident Center also makes it easy for tenants to make online payments, set up automatic rent payments, and access their payment history.
With Buildium Tenant Management, property managers can easily manage online rent payments. The platform allows tenants to pay their rent online, set up automatic payments, and view their payment history.
Property managers can also set up fee reminders and late payment notifications to ensure that rent is paid on time.
Buildium Tenant Management includes a task management system that allows property managers to assign tasks to their team members.
The platform also allows property managers to track the progress of tasks and set deadlines. This feature is particularly useful for property managers who need to coordinate maintenance tasks or other projects.
Buildium Tenant Management simplifies rent collection by allowing property managers to collect rent online. The platform supports multiple payment methods, including credit cards, debit cards, and e-checks. Property managers can also set up automatic rent payments and track payment history.
Investopedia highlighted Buildium’s Tenant Portal. This feature is a customizable website that property managers can use to communicate with their tenants. The portal allows property managers to post announcements, share important documents, and communicate with tenants.
The portal also includes a document library where tenants can access lease agreements, move-in checklists, and other important documents.
Buildium Tenant Management is a powerful tool that makes it easy for property managers to manage their tenants. With features like online rent payments, task management, and the Tenant Portal, property managers can streamline their operations and provide better service to their tenants.
Buildium offers a range of marketing tools and features to help property managers and landlords streamline their rental marketing efforts. Here are some of the key marketing features that Buildium offers:
Buildium provides users with customizable marketing websites to showcase their properties. These websites are mobile-responsive and come with pre-built templates that users can customize to match their brand.
Users can also add photos, videos, and virtual tours to their website to give potential renters a better idea of what the property looks like.
Buildium allows users to syndicate their vacancies to popular rental listing websites like Zillow, Apartments.com, and Trulia. This means that users can post their vacancies to multiple sites with just a few clicks, saving them time and effort.
Buildium has partnerships with several listing partners, including Apartments.com, Apartment List, and RentPath. These partnerships allow Buildium users to post their vacancies to these sites for free, giving them even more exposure.
Advertising Rental Vacancies
Buildium also offers advertising options for users who want to increase the visibility of their vacancies. Users can create targeted Facebook and Instagram ads directly from within Buildium, and they can also use the platform to create Google AdWords campaigns.
Overall, Buildium’s marketing features make it easy for property managers and landlords to get their vacancies in front of the right audience.
By offering customizable marketing websites, syndication to popular rental listing sites, and advertising options, Buildium helps users save time and maximize their rental income.
Transparency and honesty are key values in my property management software reviews. I strive to provide unbiased and informative feedback to help property owners make informed financial decisions.
If you have any suggestions or comments, please don’t hesitate to reach out to me. Your input is always appreciated!
Overall, Buildium offers a range of pricing packages to cater to the needs of different property managers. The Essential plan starts at $52/month, which includes basic features such as accounting, maintenance tasks, violations, online portals, and resident and board member communications.
The Growth plan, on the other hand, starts at $166/month and includes all the features of the Essential plan, plus additional features such as custom reports, eLeasing, and tenant screening.
Finally, the Premium plan starts at $479/month and includes all the features of the Growth plan, plus additional features such as custom branding, API access, and white-glove onboarding.
It is important to note that Buildium offers a free trial for all of its pricing plans, which allows property managers to test out the software before committing to a plan.
Additionally, Buildium waives incoming ACH fees for Growth and Premium plans, which can save property managers money in the long run.
While Buildium may not be the cheapest property management software on the market, it offers a comprehensive set of features that can help property managers streamline their operations and improve their bottom line.
Whether you are a small landlord or a large property management company, Buildium has a pricing plan that can meet your needs and budget.
Ultimately, the decision to use Buildium will depend on a variety of factors, including the size and complexity of your property management business, your budget, and your specific needs and goals.
However, with its user-friendly interface, robust feature set, and flexible pricing options, Buildium is certainly worth considering for any property manager looking to improve their operations and grow their business.
I started this blog to help you buy and sell a home with ease – without getting caught up with all the confusing advice online. Contact me for any questions or feedback about the site! Disclaimer: The information and advice provided in this blog are for educational and informational purposes only. The Real Estate Rook authors and editors do not guarantee the reliability, accuracy, or completeness of the information provided. See full disclaimer here.