What is property management software?

Property management software (like Buildium) helps property managers save time and money by streamlining their day-to-day operations. Using a range of features, they can keep track of rent payments, communicate with tenants, schedule maintenance tasks, and generate financial reports. Property management software may also include tools such as online tenant portals, automated rent reminders, and mobile apps for access on-the-go, 24/7.

What is Buildium, and who is it for?

Buildium is all-in-one property management software. Its cloud-based platform is purpose-built for the unique tasks of property managers and real estate professionals. Some of the key features of Buildium include rental listings, tenant screening, lease management, rent collection, property accounting, maintenance requests, and communication tools. With Buildium, users can also access a range of reports and analytics to track their rental income, expenses, and other key metrics.

What are the typical types of software used in property management?

There’s a lot of software out there—from generic, one-size-fits all to solutions specifically designed for property management. While there’s really no hard-and-fast rule on which software gets you the most value (because every situation is different), there are features to look out for that will make a real impact with the lasting benefits. To take a deeper look, here are 5 Types of Property Management Software worth investing in.

Why use property management software?

Overall efficiency, ease of communication, accounting you can trust, new revenue streams…if these are aspects of your business that you’d like to grab ahold of, then there are plenty of reasons why you’d want to use property management software. Some of the top benefits involve making quick work of maintenance with improved response times and task automation; getting paid faster by automating payments and collecting rents, fees, bills and more; keeping in sync with your tenants through an online resident portal; and managing the entire leasing process online including collecting signatures from any device.

What does property management software do?

Property management software helps property managers and landlords streamline their operations and run their rental properties more efficiently. For software like Buildium, it gives you a centralized, all-in-one platform for taking on the day-to-day challenges that are unique to property management with features like property accounting, online leasing, resident portals, online payments, maintenance management tools, and reporting plus analytics.

What benefits can I expect from using property management software?

Property management software brings a lot to the table for property management businesses such as time-saving efficiency by automating day-to-day tasks (rent collection, maintenance requests), improved organization by centralizing lease and resident data, and streamlining operations overall—ultimately creating a better property owner, tenant, and homeowner experiences.

What types of properties can be managed using property management software?

No matter what type of property you’re managing, property management software can help. Buildium is purpose-built for residential property management—including single-family and multi-family rentals and community associations— and can also handle mixed portfolios with student housing, commercial properties, storage units, and more.

Is property management software suitable for individual landlords as well as property management companies?

No matter the portfolio size, all those who manage properties can benefit from using specialized property management software. Buildium customers include both landlords and third-party property management businesses with mixed portfolios featuring a wide range of property types (single-family, multifamily, associations, commercial, student housing, affordable) and growing portfolios all the way to fifteen thousand plus.

When did Buildium come out?

Buildium was founded in 2004 by Michael Monteiro and Dimitris Georgakopoulos. The company’s property management software launched in 2008 and has grown to be a leading industry platform—used by thousands of property managers to manage millions of rental properties year after year (with the latest updates, optimizations, enhancements and features).

Is Buildium a good company?

Buildium is the #1 most recommended property management software out there. It’s the go-to for thousands (and thousands) of property management companies across the U.S. and Canada—and features a trophy case full of awards and accolades. To see how Buildium’s property management software stacks up against the competition in software reviews, check out our blog post: The 9 Top-rated Property Management Software Solutions.

How long has Buildium been in business?

In 2004, Buildium started with a simple idea: make property management simpler and easier to control. Since then, we’ve offered the industry’s best property management software solution and continue to make investments in the product and customer experience—collecting awards, accolades and rave reviews along the way.

Is customer support available for troubleshooting and assistance?

When you sign up, our Onboarding Specialists help you learn the ins and outs of Buildium. Then, once you’re all set up for success, we’re available to answer your questions so you can keep up with your business’ demands. We’re committed to your success and growth, and while we don’t do it for the awards, we don’t mind getting them either. Our team has brought home Stevie Awards for Outstanding Customer Service for 8 consecutive years. Reach out to our team of experts or access our online knowledgebase of help articles and videos for fast answers, on-demand learning, and technical assistance.

How much does Buildium cost?

Buildium has three plans to choose from. The Essential plan starts at $62/month and has everything you need to automate your day-to-day and get your business running on a central property management software platform. The Growth plan starts at $192/ month and comes with additional features, support, and performance insights to let you optimize and grow your business. The Premium plan starts at $400/month and gives you access to a best-in-class Open API that allows you to create integrations between the Buildium and other software.

Does Buildium have a free trial?

Yes. Buildium offers a free 14-day trial for new users. It comes loaded with real-world sample data so you can jump in and take it for a full test drive. And there’s no credit card required. To sign up, you simply create a Buildium account.

What does Buildium offer?

A lot! With Buildium, you get a purpose-built suite of tools that lets you take control of your business—from making your operations hum to unlocking new ways to grow. The most notable features include property accounting, online leasing, resident portals for communication, online payments that simplify rent collection, maintenance management tools, and reporting plus analytics.

What is included in a property management system?

Not all property management software is equal, and the features they offer can vary from basic to comprehensive—like Buildium, which sets you up with everything you need. Our centralized platform gives you essential property management tools, such as property accounting, rent collection, maintenance management, resident portals, online leasing, business analytics, and much more.

Does Buildium offer custom property management software?

Yes! While Buildium’s core features include all the features (and functionality) most property managers need to conquer their challenging day-to-day, there are countless ways to customize. For example, Buildium allows you to create your own lease agreements, rent collection process, and penalties and late fees. Additionally, Buildium Marketplace lets you add on integrations in a snap with an ecosystem full of apps from leading property management software partners. And when you need a little more customization, there’s our Open API.

Can property management software assist with tenant screening and background checks?

Yes indeed! Property management software can assist with tenant screening and background checks—and make the process much faster, organized, and compliant. Through tenant screening services provided by property management software, property managers can efficiently vet prospective tenants by accessing credit reports, eviction history, and identity verification, so that they can make informed decisions and select the tenants that are the best fit for vacancies.

Can I track and manage property expenses using software for property management?

Setting up company financials in your Buildium account is the first step in learning how to accurately track your company’s accounting books. Recording expenses for your company is done the same way you would record a bill or expense check on a managed property making for simple tracking and management of expenses. Additionally, our Buildium Marketplace partner, Clyr Expense Management, uses AI-driven expense management to boost efficiency and increase profit margins.

How does property management software handle maintenance requests and work orders?

Property management software streamlines maintenance requests and work orders by allowing tenants or property managers to submit requests electronically. The software then assigns tasks, notifies relevant parties, schedules maintenance, facilitates communication, tracks inventory and costs, and stores documentation. This centralized system improves efficiency and transparency in property management operations significantly.

How do I request a live demo of Buildium?

Scheduling a demo with one of our platform experts is quick and easy. You can do it by clicking the Request a Demo button on www.buildium.com or go straight to our Buildium Demo Page. Enter your information, submit the first form, and then you’ll be able to confirm a time for the demo in the next screen.

What is the best software for property management?

When you’re sizing up property management software, you should look for technology that gives you non-generic, purpose-built tools to take on the unique day-to-day challenges of property management. It’s also good to read through reviews, ratings and resources that compare the different options available to you. The 7 Best Property Management Software Solutions for 2023 is a good place to start (or continue) in your search.

How often should you evaluate new property management tools?

How often you evaluate new property management tools depend on several factors, such as the size of your property portfolio, the complexity of your operations, and your growth objectives. However, it’s generally a good idea to periodically size up new property management technology to make sure you’re using the most effective and efficient solutions available. Some factors that signal it may be time to look around may include if your software is outdated, your growth goals have changed, you’re experiencing unexpected tenant turnover, you’re having accounting or financial process issues, or you’re struggling to offer a good customer and tenant experience. And these are just a few reasons. Check out the 5 Types of Property Management Software Worth Investing In.

What factors should I consider when choosing the right property management software for my needs?

When searching for the right property management software, it’s important to consider software that helps you achieve your goals as a business whether that means enhancing operational efficiency, business growth, or new revenue. You’ll want to make sure that core functions like accounting, reporting, and analytics will help take the guesswork out of your finances and performance; that your relationships with clients, residents, and vendors will be enhanced through transparency, communication, and efficiency; that it’s easy to connect to the services and solutions that you trust to help control the chaos of your day-to-day. Still have questions? Request a personalized demo.

Is it possible to integrate property management software with other tools or platforms I already use?

Buildium’s Open API integrates your most critical property, resident and accounting data with your other business applications to open up access and insight into what matters most. The flexibility and ease-of-use for developers is unmatched in the industry. Check out our developer tools for more technical information.