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Buildium Review

Buildium is a premier web-based property management software best suited for residential properties and associations. Whether your portfolio is small and homogenous, or large and diverse, Buildium gracefully simplifies the property management experience. Try It Now

Michael Quinn

Michael Quinn

Property Management Software Expert

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Updated: January 22, 2014

The Good

Clean, intuitive, and modern interface:

One of the great accomplishments by Buildium is a simplified menu made up of five primary options in which they have creatively inserted links to common tasks in logical places on the home page. Thus, you can access all the important tasks you need without dealing with a cluttered and overbearing menu system.

Abundance of features:

Buildium includes the majority of accounting, reporting, and management features in their system, and they seamlessly integrate with other services provided by outside organizations. For example, running a credit check on prospective tenants is part of the rental application screen and can be easily utilized at your discretion. They also have a mobile application that enables you to edit and view tenant and property information, use mapping capabilities, and access the full Buildium website.

Enhanced photo upload tool:

Buildium used to limit the number of photos you could upload to four per property and forced you to use a Flash-based upload tool that many users were frustrated with. However, Buildium recently updated the uploading resources and you can now upload multiple photos at the same time. In addition, you are no longer limited to just four images per property. All the photos you upload appear in your public listings, giving you the ability to showcase your properties as you please and fill your rental units faster.

Step-by-step usability:

Many of the processes in Buildium are broken down into individual steps. For example, entering a bill is broken down into two clearly defined parts. This feature is nice as it provides a way for the user to know if every input in a task is completed correctly. Buildium goes a step further by briefly showing a banner across the top of the screen that clearly specifies the task was completed.

Easy startup:

Following your first login, Buildium offers a video tutorial of basic tasks. In the bottom corner, there is a menu of shortcuts to common tasks. In addition, Buildium has a very thorough user manual that includes a section of recommendations and screenshots intended to help people get started. They also offer the FastStart Training Series, which is a set of 30-minute videos that focus on various aspects of the software.

Equal efficiency:

Buildium can be used just as successfully for managing residential and commercial properties, as well as associations. This will especially benefit large companies that manage a diverse array of properties since they can use just one software program for all their needs.

The Bad

Underwhelming dashboard:

The main dashboard presents high-level information on units, leases, rental applications, and outstanding balances, as well as lists of upcoming tasks and recent activity. Overall, it looks clean and grants you quick access to various parts of the system, but if a highly customizable, widget-heavy dashboard is important to you, Buildium may not be the right fit.

Limited reporting functionality:

Buildium has the ability to generate dozens of reports, but customization is limited and there is no internal report viewer. After a report is generated, it must be downloaded and exported as PDF, XLS, or CSV files.

The Details

Details
Free Trial 15 days
Monthly Minimum Fee $25
Price - Commerical Property N/A
Price - Residential Property $1/unit/month
Volume Discount 100 properties

Features

Accounting

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  • Accrual Accounting - The software supports accrual-based accounting methods.
  • Balance Sheet - The software includes balance sheet functionality.
  • Bank Account Reconciliation - You can reconcile account data with the bank.
  • Cash Accounting - The software supports cash-based accounting methods.
  • Cash Flow Statements - The software includes cash flow statements.
  • Custom Fields - You can create custom fields in accounting tools.
  • General Ledger - The software includes general ledger functionality.
  • Income Statement - The software includes income statement functionality.
  • Invoices - You can create invoices.
  • Payables - The software keeps track of payables.
  • Property Budgeting - You can create budgets for individual properties.
  • Receivables - The software keeps track of receivables.
  • Transfer Funds - You can transfer funds between properties.

Management Portal

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Property Type

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Tenant Portal

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Browser Compatibility

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Data Management

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Learning Materials

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Marketing

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Owner Portal

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Reporting

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Support

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Mobile

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Pricing

Buildium pricing starts at $1/unit/month, with volume discounts beginning at 100 units. Buildium is very scalable and can handle large and diverse portfolios, but small property management companies will appreciate the low $25/month minimum fee. Experimenting with the 15-day free trial will give you a good opportunity to see what Buildium has to offer.

$25/month 1 - 25 units
$50/month 26 - 50 units
$75/month 51 - 100 units
$125/month 101 - 200 units
$175/month 201 - 300 units
$225/month 301 - 400 units
Contact Buildium 400+ units

Add-On Services

Online Tenant and Owner EFT Payments

$99 One-Time Setup Fee
$0.50 Per Transaction

Online Tenant Credit Card Payments

$10/month
2.5% Per Transaction + $0.25 fee for daily funds

Integrated Tenant Screening

$11.99 Per Applicant

1099 Electronic Filing

$24.99 Per Batch + $1.59 to $2.48 Per Form for Mailing

Remote Check Printing

$30 One-Time Setup Fee
$0.80 Per Check (postage included)

Letter Printing and Mail Service

$0.80 Per One-Page Mailing (postage included)

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