Our story begins in the late 90s when three guys started working for a technology consulting company in Cambridge, MA. After the trio met, they learned they had a common interest in real estate.
With dreams of becoming real estate moguls, they formed MIDICH Properties (MIchael, DImitris, CHris) and purchased their first rental property together on the East Side of Providence, Rhode Island, in 2002. They bought another property the next year and then another. Before long, they began losing track of which leases were expiring and which tenants hadn't paid their rent – "minor" stuff like that.
That's when they began their search for property management software. They weren't exactly sure what they were looking for, but they knew they wanted to access their data from anywhere. That meant they needed something online.
They came up empty handed after several weeks of searching, so they decided to put their expensive computer science degrees to good use and build something for themselves. That's when the light bulb went off. A few months later, they founded Buildium.
Today Buildium offers three editions of its property management software: Landlord Edition for landlords, Property Manager Edition for professional property managers, and Association Edition for self-managed condos and homeowners associations. With over 3,000 happy customers, Buildium's property management software is now used to manage over a quarter million units in 31 countries around the world.
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