Buildium Review - why 4.5 stars?

Buildium Property Manager Review
ITQlick Score: 100/100
ITQlick Rating: (4.5/5)
Pricing: 2.8/10 - low cost
Category: Property Management -> Buildium
Ranking:Ranked 1 out of 124 Property Management systems
Company: Buildium
Pricing: starts at $50 per month
Typical customers: Small, medium and large size businesses
Platforms: Desktop, Cloud
Links: Buildium pricing, Buildium alternatives

Shlomi LaviShlomi Lavi / updated: Feb 17, 2021

We publish unbiased reviews, our opinions are our own and are not influenced by payments from advertisers. Learn more in our advertiser disclosure.

What is Buildium?

Buildium is a web-based property management software that offers small and medium sized property management supports for handling this in an efficient way.

This tool makes sure you get to avoid paperwork, increase productivity and efficiency and focus more on growing your business. Its charges and payments tracking feature, on-demand reports and online rental applications can help you to save a lot of time and money.

Buildium is the dream of three people who started working in a garage and was built in 2004. Now more than 60 employees are working for this software from three different countries and have served more than 8000 customers so far.

What is Buildium rating? ()

The rating of Buildium is 4.5 stars out of 5 and the total score is 100 out of 100. The ratings are based on our unbiased experts. Learn more in our rating methodology page

Who are Buildium's typical customers?

Buildium is best for small and medium residential properties where people want efficient work and productivity using less resource. It can handle all the accounting work and property management tasks to help you focus on growing your business instead of getting busy with accounting. A Plus Property Managers, Inc., Summit Land Development and Annapolis Property Services are the clients of Buildium.

Is Buildium the best Property Management?

Buildium is ranked 1 out of 124 software in their category (Property Management systems).

What are their main features and functionalities?

The residential property managers or owners can find it difficult to focus on growing the business if they get busy with accounting reports and handling routine stuff. That's where Buildium can help them.

It can handle the daily day-to-day residential property management stuff to help you focus on growing your business. The online rental applications, rental listing syndication, free marketing website and credit and background checking feature makes sure you find better tenants to fill vacancies. The general ledger accounting feature, payment tracking and charges, on-demand reports and e-payment feature makes sure you don't get to do any calculation.

All the day-to-day stuff like tracking tenants and lease and printing and mailing forms can be done using this software so you don't get to do any of them practically.

Tenants can request for maintenance online and maintenance staff can be assigned to handle the work right from the tool. Moreover, you can create owner portals for tenant and owners where they can get access to their necessary data directly.

What are Buildium's pros? (5 Pros)

  • Buildium's clean and modern interface only shows the important tasks you should focus on
  • Buildium offers a mobile application which can help you to check and edit tenant and property information on the go
  • There is a feature for breaking down accounting reports in Buildium which can help you to ensure error free accounting reports
  • The tool offers an enhanced photo upload tool for uploading property photos which is not seen in other property management tools
  • The software offers a video tutorial for first timers to make sure you find all the features promised by the company

What are Buildium's cons? (2 cons)

  • Buildium tried to offer a user-friendly interface by keeping it simple and clean. However, it's not highly customizable which can be a little bit annoying sometimes
  • Buildium supports creating reports in different ways. However, there is not much customization option and no integrated report viewer

Who are their main alternatives?

The main competitors for Buildium are Propertyware and RenTec.

Propertyware provides a cloud based solution for residential property management which can be accessed via mobile devices. Its main features include marketing management to build a tenant prospect base, financial accounting, service management as well as property administration. Units can be leased with options to sublet for vacation periods as well. There is also an integrated contact center to manage both leasing & support enquiries.

Buildium on the other hand is also web based, and focuses on residential property management as well as for homeowners associations. While it provides most of the base features of Propertyware it does not include a contact center. However it does include a dedicated marketing module that includes listing on rental boards, as well as development of a property manager’s own website for this purpose. Leasing signup can be handled online with integrated background checks to ensure compliance with rental policies.

Then there is RenTec which focuses on the much the same areas as Buildium and is available as a cloud based solution. There are portals for both residents and owners, with integrated accounting to manage financials & payments. Other options include an online documentation management system, vacancy advertising, and reporting & dashboards for operational monitoring.

While Buildium does address most of these features it also provides the option to export financial transactions to Quickbooks if required by customers Additionally the product is cloud based and supports mobile apps for residents, owners as well as property personnel to utilize the application via their mobile devices.

What is the cost of Buildium?

Standard pricing for Buildium starts at $50 per month, for up to 40 units. Next plan is $460 per month for up to 5,000 units.

What is the REAL total cost of implementation? on top of the total cost of licenses which is easy to calculate you need to add the cost of training, customization, data migration, and other "hidden cost". ITQlick pricing score is 2.8 out of 10 (10 is most expensive). Find here the REAL total cost breakdown for Buildium

What should you ask Buildium during a demo session? (65 questions)

Schedule a demo with Buildium and access 65 must ask questions for the vendor while watching Buildium in action. Visit the vendor's website here.

Buildium's list of categories:

Facilities Management
Property Management
Property Management - Apartment
Property Management - HOA
Property Management - Rental Property

Buildium's list of features:

Automatic Data Backup
Automatic Property Mapping
Easy Data Migration
Email Owner Statements
Excel Export
File Storage
Maintenance Overview
Message Boards
Move Management
Online Rental Applications
Paperless Work Orders
PDF Export
Performance Metrics
Proactive System Notifications
Recurring Work Orders

Buildium Vs. Alternatives

ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score ITQlick Score is a 1 to 100 score, based on pricing, and functionality Vs. alternative solutions
Pricing pricing Score is a 1 to 10 score, based on the TCO (cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
License pricing license pricing (if provided by the software vendor)
Functionality
Review
Compare
Buildium
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score
100/100
Pricing Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
2.8/10
License pricing license pricing (if provided by the software vendor)
$50 per month
Functionality
25
Compare
Propertyware
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score
96/100
Pricing Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
7/10
License pricing license pricing (if provided by the software vendor)
$250 per month
Functionality
25
AppFolio
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score
95/100
Pricing Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
3/10
License pricing license pricing (if provided by the software vendor)
$250 per month
Functionality
32
RealPage
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score
94/100
Pricing Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
4.6/10
License pricing license pricing (if provided by the software vendor)
$250 per month
Functionality
19
PropertyZar
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score
91/100
Pricing Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
2.4/10
License pricing license pricing (if provided by the software vendor)
$25 per month
Functionality
5
Author
Shlomi Lavi - admin

Shlomi Lavi

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Shlomi holds a Bachelor of Science (B.Sc.) in Information System Engineering from Ben Gurion University in Israel. Shlomi brings 15 years of global IT and IS management experience as a consultant, and implementation expert for small, medium and large size (global) companies.