Buildium is a cloud-based software for property managers or real estate investors to gain control over property management tasks
Looking for a simple yet efficient key for your rental properties without feeling overwhelmed with management tasks? Buildium is one of the solutions you can consider, and it offers your company a lot for the money.
Buildium is a cloud-based software designed by property managers for property managers or real estate investors to gain control over property management tasks from tip to toe.
This online service can handle every aspect of your business, even if it’s about accounting, leasing, operation or maintenance requests.
Buildium is a good pick for any property manager who struggles to maintain daily property management responsibilities.
The more things you can digitize and simplify, the more energy you free up while reducing stress as well. Buildium moves property managers into an environment that is more fully digitized, bringing together their tenants with world-class tools.
When Buildium collects more data about your properties, its reports become more useful and allow you to make informed and informed decisions about your property management business.
Data-driven analytics are a powerful way to spot trends, and without automated data collection, they would be nearly impossible to spot.
The software can be used by residential managers and associations to improve cycles of opening, renting and maintaining properties.
It also makes rent payments easier and alerts users automatically if payments are late. Being a cloud-based framework, it does not require additional software or hardware installation, it can be easily accessed from any computer with an internet connection.
You’re a potential Buildium user if you’re suited to one of two categories: you’re thinking of kicking off a property management business (or improving/developing the one you already have) or you already own a few rental properties and need an easier way of managing them.
Property managers are often overpowered by the workload, as work is about a lot more than rent collection. The software reduces all of the repetitive tasks you will face and allows you to focus more on new business openings rather than investing all of your energy in routine operational work.
If you haven’t considered using a platform like Buildium, now is the time to start. While Buildium may or may not be the correct fit for your company, using an automated platform is probably one of the best ways to cut down on your stress, and boost your overall level of efficiency.
You’ve definitely heard the term ‘cloud’ at least once as we’re living in the internet era and technology takes control almost everything. Being a cloud-based system allows Buildium to own a number of powerful features.
Buildium users can easily access it via a browser from anywhere with no need for extra hardware or software installation. This means no need to invest in new computers or deal with tech support on your own.
By taking care of the hard work, Buildium helps cut down the workload and allows property managers to concentrate more on new business opportunities rather than spending their entire time on daily administrative duties.
Buildium provides a variety of features to optimize every step of the way the property maintenance process, including:
You can start using the Buildium app with the leasing process. Like Yahoo and Craigslist syndication, Buildium manages the rental property list, after this, you can take applications and screen tenants using the software. The app will also enable the lease’s e-signing. In case you don’t have a website yet, Buildium can help you build your own website.
Screening is a process for landlords to protect their properties and income that is often overlooked, but very important. The Buildium screener gives you access to a record of credit, criminal convictions, and past evictions, so you know if a candidate is someone you really want to move into your house.
Accounting is always of the pain in the ass when you are a business owner. Accounting, bookkeeping, and taxes represent a serious workload you have to deal with. Luckily Buildium can have that covered.
Buildium accounting feature was set up specifically for property managers to ensure their property is working smoothly with a detailed report. You don’t need to worry about accounting backgrounds as the software performs accounting and financial reporting at the property and company level, handles rent payments and bills and enables you to e-file 1099s for seller payments.
Each batch costs you $25 and each mail costs $3.
The ability to create work orders is another great feature, then convert them into bills and then pay them online.
Operations are a big deal of any property management system but Buildium takes this feature in another level and masters the game by providing an online portal for owners and residents to manage documents, requests for maintenance, and payments. Owners can view web-based financial reporting, or see the same data on a mobile device.
Maintenance requests are among the largest landlord nightmares, especially as they usually appear to come in the form of an emergency repair that is needed on Thanksgiving or New Year’s Eve. With Buildium, you can receive requests for maintenance, generate work orders and send requests directly from the owner dashboard to vendors.
This will knock down your day-to-day workload, as your clients and vendors have a direct line of communication, without a lot of headaches for you.
Buildium partnered with HappyCo and evolved into the Happy Inspector unit. Your Buildium assets and data will synchronize automatically with Happy Inspector so you don’t have to think twice when setting up anything.
Referring your domain to the subdomain is possible, but it will send you to the subdomain when tenants or owners type in your web address, which is quite challenging.
You get 2 weeks free when you sign up with Buildium. The big concern of the free trial is after 2 weeks if you choose to convert to a paid account, so be prepared to lose everything you do inside the trial if you choose not to upgrade. Therefore, don’t put all your properties and tenant lease information on Buildium because they are all gone after a 2-week trial.
The best solution here is that you should decide to become a paying customer. As a paying user of Buildium, you can set up your account with a Paid subscription. Plus, the 2 weeks free are available and once you move from trial to paid, you don’t have to worry about losing whatever you set up.
To See Full Price Details kindly check it on their website directly to avoid been misinformed!
What’s included in every plan?
Being an all-in-one property management service, there’s surely a lot to like Buildium. Like any platform, Buildium isn’t perfect, and it will fit some businesses better than others.
The software can be used easily on multiple platforms, the design is customized for property managers and rental owners. If you are still using a system that doesn’t integrate lots of regular functions in one place, Buildium will probably save you loads of time.
The end-to-end apps for handling tenant screening, renting, records, transactions, maintenance, accounting, and taxes really carry all you need to operate your property under one roof. And from your computer or smartphone, you can do anything online.
Below is a list of Buildium advantages:
Buildium is great if you have a lot of properties to manage in order to divide the work across separate departments.
However, if one department has a lot of tasks under the same property, it is not easy to see what updates to tasks have been made, and it is necessary to search individually through each task to find relevant updates that could easily be missed.
The cost to use the platform is a tiny fraction for bigger property managers, but it may feel like you’re getting hit with many additional setup and service fees for small landlords.
In short, there are some points Buildium can focus on for improvement:
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