Compare MyProp and Buildium - Jun 2022

Shlomi Lavi

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Bottom Line: Which is Better - MyProp or Buildium?

MyProp is more expensive to implement (TCO) than Buildium, and Buildium is rated higher (100/100) than MyProp (62/100). Buildium offers users more features (20) than MyProp (7). There is a clear winner in this case and it is Buildium!

Looking for the right Property Management solution for your business? Buyers are primarily concerned about the real total cost of implementation (TCO), the full list of features, vendor reliability, user reviews, and the pros and cons. In this article we compare between the two software products:

MyProp.com.au Vs. Buildium

MyProp.com.au: The best online property investment advisor and manager, working for you Knowledgeable, Comprehensive, Independent and more powerful than a Spreadsheet Track, maintain and manage all income, expenses, depreciation and deductions Saves time, money and gets more tax back Build more wealth, faster

Buildium: Back in the late '90s, three guys were working for a technology consulting company in Cambridge, Massachusetts. The trio soon learned they shared an interest in real estate. With dreams of becoming real estate moguls, they formed MIDICH Properties (MIchael, DImitris, CHris) and bought their first rental property together in Providence, Rhode Island...

Who is more expensive? MyProp or Buildium Property Manager?

The real total cost of ownership (TCO) of Property Management software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance and support and other related services. When calculating the TCO, it's important to add all of these ”hidden costs” as well. We prepared a TCO (Total Cost) calculator for MyProp and Buildium Property Manager.

MyProp price starts at $33 per user/month , On a scale between 1 to 10 MyProp is rated 6, which is similar to the average cost of Property Management software. Buildium Property Manager price starts at $50 per month , When comparing Buildium Property Manager to its competitors, the software is rated 2 - much lower than the average Property Management software cost.

Bottom line: MyProp is more expensive than Buildium Property Manager.

Which software includes more/better features?

We've compared MyProp Vs. Buildium based on some of the most important and required Property Management features.

MyProp: Accounts Receivable, Billing & Invoicing, P&L Statement, Excel Export, Move Management, Proactive System Notifications, Streamlined Work Orders.

Buildium Property Manager: Automatic Data Backup, Automatic Property Mapping, Easy Data Migration, Email Owner Statements, Excel Export.

Target customer size

Customers of the software include property units of all sizes and a variety of type. Buildium is best for small and medium residential properties where people want efficient work and productivity using less resource.