Buildium is a property management software with an integrated accounting system. It is ranked as our best tenant screening software, earning a 5 out of 5 rating. We arrived at this score based on various weighted evaluation factors, including ease of use, help and support, customer reviews, and features such as tenant screening, listing syndication, online rent collection, and maintenance requests. Buildium reviews and our analysis found that it is best for landlords looking for a single system to connect multiple areas of operations.
Buildium Reviews: What Users Think of Buildium
Buildium property management software reviews show that users appreciate its online rent payment function, maintenance request feature, and the ability to get a ledger for court filings and tenant evictions. One user said he’s most impressed with Buildium’s wide range of functionalities—from accounting and leasing to communication and mobile apps. The software has everything a landlord or property manager needs to manage their portfolio effectively.
- Capterra: 4.5 out of 5 based on 1,969 Buildium reviews
- Software Advice: 4.5 of 5 based on 1,969 Buildium reviews
- G2: 4.4 out of 5 based on 195 Buildium reviews
Less positive Buildium software reviews reveal that one user found it difficult to set up the late fee charge and thought the settings for late fees were too limited. Another Buildium review said the learning curve was too long, and a user who is an accountant found some of the financial reports frustrating. Check out this list of the best small business accounting software, like QuickBooks, for accounting-specific platforms that may provide greater financial visibility.
Would Our Expert Use Buildium?
We highly recommend Buildium for its robust functionalities that streamline property management and make it more efficient. A favorite feature of ours is Buildium’s integrated accounting system that enables you to monitor and complete your financials and payments end-to-end, saving you time and minimizing human errors in accounting. Buildium pricing is also customizable, so you don’t have to pay for a feature or service you don’t need.
Nonetheless, Buildium doesn’t offer a free subscription plan or team management features. If these are of interest to you, Avail and TurboTenant are equally sophisticated software that not only help you automate property management, but also enable you to manage your team’s tasks and goals on the go.
If you want to explore other property management software that can provide you with listing syndication, maintenance management, tenant screening, and online rent collecting, consider the following alternatives to Buildium:
Affordability for a small team
Landlords building their portfolio
Management companies with larger portfolios
Budget-friendly property management software
$250 per month
Buildium Plans & Pricing
Buildium’s pricing structure is divided into three categories, starting at $52 per month. Standard features with every Buildium plan include a free marketing website, accounting and maintenance tools, task management with vendors, a building violations log, a communication platform for residents and board members, and online portals for owners and residents. Here’s what you’ll find included in the three plan tiers:
Who Plan Is Best For
Property management companies with 150 units or less
Property management companies with 150+ units, and those needing frequent property inspections
Large property management companies that need business analytics and insights
Starting at $55
Starting at $174
Starting at $375
Starting at $40/month
$5 per e-signature
Bank Account Setup Fees
$99 per bank account
5 free bank accounts; $99 per bank account
5 free bank accounts; $99 per bank account
Maintenance Request Solution & Task Management
Online Portals: Owner & Resident
Live Phone Support
Performance & Business Analytics & Insights
Dedicated Growth Consultant for New Client Leads
Click the drop-down menu below for more information on Buildium’s plans and inclusions.
The Essential plan has the basic tools required to manage up to 150 units. It comes with a free Buildium-hosted website to market your property management services and your properties’ vacancies with easy customization. This plan has access to the ticket support solution to communicate with the support team via email only. Electronic signature gathering is available for $5 per e-signature and reduces the need for printed forms and obtaining physical signatures.
The accounting software streamlines bookkeeping and maintains accuracy by calculating expenses and automating monthly bank reconciliations. Standard accounting reports include a balance sheet, profit and loss (P&L) statement, cash flow statements, and general ledgers. The maintenance tools allow residents to request maintenance services online and automatically assign tasks to their vendors. You can even pay vendors for their services directly through the maintenance solution.
Building violations can be logged, tracked, and recorded in the Essential plan. Also, property managers can add, log, and respond to assigned tasks with their internal team, and a mobile app enables team members to perform property management activities on the go. Additionally, Buildium tenant portals, board members, and building owners allow access to related reports and pertinent information.
The Growth plan includes everything included in the Essential plan, but you’ll also have access to live phone support during operating hours. Property inspections are also included at no extra cost, as are unlimited e-signatures. Performance analytics will inform you about your resident’s activities within the online residence center. Business analytics and insights are also provided to help you better understand how your business is performing and compare it to industry benchmarks.
In the Premium plan, the property manager enjoys all the Essential and Growth plans features and also provides an open API to connect your Buildium account to other platforms specializing in accounting and lead tracking, like QuickBooks or your real estate customer relationship manager (CRM).
The Premium plan includes priority support from the Buildium team and a dedicated growth consultant to assist with tools and coaching to help you grow your business. Buildium rewards are also available for those who use the product. For example, you get 15% off the cost of your annual software subscription when 30% of your active units use credit card payments or utilize the available renters’ insurance.
Not all add-ons are essential for a successful real estate business, but you may want to add some of them for extra functionality. Before deciding on which add-ons to include in your Essentials plan, consider taking a look at the next available plan, as Buildium may include some of these features within them:
- New client leads, powered by All Property Management: Allows property management companies to get real estate leads consisting of interested property owners and boards seeking property management services.
- Tenant screening: Basic screening (available on all plans) does not require accreditation and performs soft credit checks for $15 per screening (or $30 per screen if you pass the cost to the applicant). The premium tenant screening (exclusive to Growth and Premium options) requires hard credit checks and generates a report in minutes for $18 per screening.
- Onboarding: This support add-on is only available for the Growth and Premium plans. A dedicated team assists with importing your existing data into the Buildium platform and provides training.
- Online payments: To accept online payments from residents or pay your vendors electronically through Buildium, you must pay the EFT transaction charges. Charges vary by plan and whether or not you want to accept credit card payments.
- Bank account setup fees: Attaching your bank account to the Buildium accounting system allows transactions to be collected in your accounting ledger for automatic reconciliation, payments, and deposits. Setting up your bank with the Essential plan is $99 per account, but Premium and Growth plan subscribers receive five free bank account integrations.
- Renters insurance: You may offer residents renter insurance starting at $12 monthly.
- 1099 e-filing: At the end of each calendar year, you’ll have to process 1099s for your vendors. The platform can generate 1099s at $25 per batch and $3 per form.
- Showings coordinator: Starting at $30 per month, automate the rental unit showing process with a virtual coordinator who collects prequalification information, schedules showing appointments, and coordinates follow-ups.
- Remote check printing: Buildium can print and mail checks on your behalf. There is a $30 setup fee and 80 cents per check cost.
- EZMail: Buildium will print and mail property-related documents for you for 80 cents per single-page mailing and 15 cents per additional page.
General Buildium Features
- Tenant communication
- Financial organization
- Expense tracking
- Maintenance and work requests
- Streamlined application processes
Buildium’s features streamline day-to-day property management activities and integrate all significant accounting and leasing functions into one platform. Some tools create lines of communication between residents, vendors, and property owners, all while giving the property manager a comprehensive overview. It also has features that reduce stress by providing information to residents via a dedicated portal, the ability to pay online, and automating rent payments to minimize the need for collections.
The general features available on Buildium make it a comprehensive solution for property management companies. It provides portfolio organization and automation regarding tenant communication, building finances, and maintenance work orders. Its objective is to eliminate the pain points of managing multiple units while providing accurate information to all parties involved.
Advanced Buildium Features
For a closer look at some of the key and niche features the Buildium platform offers, read the details about each feature by clicking on the tabs below:
- Property-specific accounting
- Overall company accounting
- Financial reporting
- Automatic payments
The property accounting solution tracks transactions relating to a specific property. This includes recording tenant payments and allowing managers to collect necessary fees and deposits or issue refunds. Managers can also pay vendors for maintenance requests directly through the system, which saves time and effort by recording every check and transaction associated with the building.
Buildium’s real estate accounting software can also track company expenses and income and provide an accurate snapshot of bills, incoming rent, and security deposits. Financial reporting tools generate reports for cash flow, balance sheets, and income statements. The ability to track all transactions for your business in one place is more efficient and enables you to make better-informed decisions.
- Cut payment processing fees
- Automatic deposits
- Set recurring payments
Online payments speed up the process of collecting tenants’ payments and cut payment processing times by up to 70%. Residents can connect their bank account or credit card in the resident portal to set up automatically recurring payments. Recurring payments help to ensure payments are not missed and are on time.
The money is transferred automatically, reducing the need to make manual deposits and visits to the bank. Accepting online payments also allows property managers to collect rental application fees. These fees help offset tenant screening charges and become a source of additional income for property managers.
- Apply for units online
- Customizable applications
- Collect application fees online
- Screen potential tenants
Online rental applications save time and the hassle of physical paperwork and allow interested parties to apply from anywhere. Plus, the building application is fully customizable. Edit the application as needed based on required information from the building owner and showcase building branding on the application to reinforce marketing efforts.
Application fees are automatically processed through the form, and Buildium provides an overview of application status through an applicant dashboard. Following the application, if purchased as an add-on, you can screen tenants directly within the platform.
- Powered by TransUnion
- Full credit, criminal, and eviction data
- Identity verification
TransUnion, a U.S. credit reporting agency, powers Buildium’s tenant background check service. Landlords can access full credit, criminal, and eviction data to help them avoid tenant scams.
Landlords have two screening options: basic and enhanced. Unlike basic tenant screening, the enhanced tenant screening option allows for customized thresholds on recommendations, requires minimal applicant involvement, and delivers faster results. Both tenant screening plans include rental recommendations from TransUnion, a full credit report, identity verification, eviction history, and background checks for renters.
- Unlimited document storage
- Document organization
- Share documents
Within the Buildium platform, you can store an unlimited number of documents. Some documents that should be stored are leases, amendments, insurance policies, floor plans, unit photos, and meeting minutes.
The ability to store important documents is essential when referring to documents such as applications, leases, and renewals, as well as for easy sharing with building owners. Additionally, having documents uploaded into the system enables you to easily search within the resident profiles by name, phone number, or property to find documents pertaining to them.
- Integrates with accounting solution
- Tenants make maintenance requests online
- Schedule work requests
- Automatic alerts
Through the Buildium platform, tenants can quickly make maintenance requests online, eliminating paperwork and increasing response time. Along with the maintenance requests, residents and owners can submit videos, photos, and documents related to their requests. Vendors can also document completed work with pictures and videos within the platform.
Vendors and managers can receive maintenance request alerts on their phones, tablets, or desktops. Certain maintenance requests will be ongoing for a building and can be scheduled to recur directly through the platform. This feature is integrated with the accounting solution, allowing you to pay your vendors directly through the platform for completed work.
Buildium’s Ease of Use
Buildium’s platform is built to automate and manage tasks conveniently online. Every user can customize their dashboard based on the functions they mostly use. With the available onboarding and support options from Buildium, launching the system to manage a portfolio of buildings is streamlined—especially with the Growth and Premium plans. The Buildium team will import all your data to assist you in migrating to the new system. There are also multiple customer support options to assist as issues or questions arise.
Even with the Essential plan, self-guided training is available through the Buildium Academy to help you get up and running fast. Whether it’s making changes to the professional website or rental application, the Buildium system is built to allow easy customization. Try Buildium’s 14-day trial to see how the platform matches your rental business.
How We Evaluated Buildium
To determine Buildium’s rating, we evaluated the platform alongside other tenant screening software for landlords and property managers based on its pricing, ease of use, customer reviews, help and support, and general and advanced features. Here are the weighted evaluation criteria used to examine each platform:
25% of Overall Score
Based on various tenant screening features offered that help landlords and property managers evaluate prospects and obtain comprehensive and reliable credit, criminal, and eviction history reports.
20% of Overall Score
Pricing is based on the cost structure, a la carte options, and availability of online tenant screening services for landlords and tenants.
20% of Overall Score
This includes various property management features like listing syndication, rental advertising, rental property accounting, online payment collection, and maintenance requests.
10% of Overall Score
Evaluated based on platform usability. This was analyzed in terms of the expertise needed to set up an account, navigate the provider interface, run comprehensive tenant screenings, and view reports.
10% of Overall Score
Based on customer feedback for each platform, the functionalities that are most useful for property managers as well as areas that need further improvement.
10% of Overall Score
Expertise in the field and firsthand experience with the providers allow us to evaluate the standout features, value for the money, and ease of use for rent payment service software.
5% of Overall Score
We looked into the convenience and attainability of customer service for technical support, onboarding, and training.
Frequently Asked Questions (FAQs)
Yes, Buildium is a safe site. It takes security seriously and has taken several precautions to safeguard the data of its users, including the use of secure socket layer (SSL) encryption in transit. This signifies that all communication between the user’s device and Buildium’s servers is encrypted and secure. Additionally, Buildium’s servers are kept in secure data centers monitored 24/7 and safeguarded with biometric access controls and video surveillance.
Dimitris Georgakopoulos and Michael Monteiro together launched Buildium in 2004. They started Buildium to make property management simpler and easier to manage. Buildium acquired All Property Management in 2015, making it the only service that genuinely aids property managers in increasing revenue by linking them with local property owners.
Yes, Buildium is worth trying for property owners wanting to manage their investment property management business entirely online. It provides comprehensive tools for managing properties, from automated accounting, tenant screening, and rental listing to online rent collection. In addition to this, its user interface is well-designed and user-friendly. If you’re skeptical, you have a 14-day free trial to experience its services firsthand and decide whether it matches your needs.
Having a comprehensive property management solution adds value to any building and portfolio. Features like online payment options and a dedicated resident portal help decrease unit turnover and keep building owners and investors happy. Based on Buildium reviews, the platform provides all parties involved access to real-time information, streamlining communication to save property managers time and money in the long run.