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Buildium- Features, Pricing & Deals

Buildium is a comprehensive, cloud-based property management solution designed to streamline the operations of residential and association property managers. Trusted by numerous property managers, Buildium offers an array of features to manage your properties efficiently and effectively. Key functionalities include rent cycle management with automated rent and late fee reminders, vacancy cycle management with online tenant screening, and comprehensive maintenance and work order systems. The platform also excels in communication with tenant and owner portals, detailed financial reporting, accounting features, and rental listing syndication to popular websites.

One distinguishing feature of Buildium is its detailed financial management capabilities. From full general ledger accounting to automated bank reconciliations and e-filing of 1099 forms, Buildium ensures property managers can maintain accurate and real-time financial records. The platform's vacancy management tools, including customizable online rental applications and vacancy listings syndication, enable property managers to attract prospective tenants more effectively. Additionally, the mobile app feature allows for maintenance requests and other operations to be managed on the go, ensuring real-time responsiveness.

Buildium's integration capabilities with an Open API for its Premium subscribers provide flexibility and control over business operations, enabling seamless connectivity with other applications. The platform offers three pricing plans: Essential, Growth, and Premium, starting at $55 per month, making it accessible for small to large portfolios alike. Each plan is designed to scale with your business, ensuring you have access to the features you need as your property management needs grow.

Customer support is a priority for Buildium, offering 24/7 support, onboarding, and training resources through Buildium Academy. With its robust feature set and commitment to streamlining property management tasks, Buildium stands out as a reliable and efficient tool for property managers. Whether you're managing a few units or a large portfolio, Buildium aims to ease your workload and enhance your operational efficiency.

Features

  • Rent Cycle Management: Tenant and Lease Tracking allows property managers to track tenant information and lease details efficiently. Automated Rent and Late Fee Reminders ensure timely payments. Online Payments reduce the need for manual deposits. Full General Ledger Accounting manages financial records accurately.
  • Vacancy Cycle Management: Features like Vacancy Listings syndicate vacancies to popular listing sites like Zillow, Trulia, and Craigslist. Customizable Online Rental Applications allow applicants to fill out applications online, which are instantly saved to the Buildium tenant database. Online Tenant Screening offers services for running background checks on potential tenants.
  • Maintenance and Work Order Management: The Work Order Flow allows tenants and owners to submit maintenance requests online, which can be turned into work items and assigned to maintenance staff. The Mobile App ensures timely responses to maintenance requests.
  • Communication and Portals: Tenant and Owner Portals enable tenants and owners to communicate with property managers, submit requests, and access relevant information. Online Communication Tools facilitate communication between property managers, tenants, and owners.
  • Accounting and Financial Reporting: Property Accounting includes automated bank reconciliations and real-time financial reporting. Financial Reports generate detailed financial reports, including balance sheets, income statements, and cash flow statements. 1099 E-Filing simplifies tax filing by calculating 1099 totals and enabling e-filing of 1099 forms.
  • Lead Generation and Marketing: Rental Listing Syndication helps property managers list vacancies on high-traffic websites. A Free Marketing Website is provided for listing properties.
  • API and Integrations: The Open API for Premium subscribers allows for integrations with other applications. A Sandbox Environment is provided for development purposes, ensuring that API operations do not affect the production account.
  • Essential Plan: Starting at $55 per month, includes core features such as accounting, maintenance, task management, violations, online portals, and communications.
  • Growth Plan: Starting at $174 per month, includes everything in the Essential plan plus unlimited eSignatures, property inspections, and access to Analytics Hub.
  • Premium Plan: Starting at $375 per month, includes all features from the Growth plan plus access to Buildium’s Open API, Priority Support, and a dedicated growth consultant.
  • Customer Support: 24/7 Support is available, with options for email, phone, or priority support depending on the subscription plan. Onboarding and Training new customers with a dedicated onboarding consultant and free on-demand education through Buildium Academy.

Pricing

  • Essential Plan with core property management features is priced starting at $55 per month, for up to 150 units, and includes features such as accounting, maintenance tracking, task management, violations tracking, online portals for tenants, owners, board members, and vendors, as well as communication tools.
  • Growth Plan offers more advanced features beyond the Essential Plan starting at $174 per month, with unit pricing decreasing as the unit count increases. It includes unlimited eSignatures, property inspections, and access to the Analytics Hub for insights on payments, resident activities, and revenue streams.
  • Premium Plan is available starting at $375 per month, and also features decreased unit pricing for larger portfolios. It includes all Growth Plan features plus access to Buildium’s Open API, Priority Support, and a dedicated growth consultant to help generate new leads.
  • Additional costs can be incurred for features such as automated EFT and credit card payments, tenant screening, and document printing and mailing. An annual payment option is eligible for discounts, and a customized onboarding is required for new customers purchasing Growth or Premium plans.
  • Priority Support can be purchased separately with the Growth Plan or is included with the Premium Plan. Large portfolios exceeding 5,000 units or community associations will need to contact Buildium for custom pricing.
  • A 14-day free trial with sample data is available without requiring a credit card, providing an opportunity to test the software before committing to a plan.
Last Updated
August 25, 2024 10:22

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