Buildium Property Management Software Review
Is Buildium Property Management Software worth its price? Learn the answer here as we review and reveal what we like and dislike about it.
RELATED: Buildium Review - First Look and What We Like About It
What We Like About Buildium (Continued from Part 1)
Another thing that we really like about Buildium Property Management Software is the flawless way it handles and integrates rental cash flow and payments in one place.
You can input your bank account directly into Buildium and this enables you to handle all your payments straight from it. Rather than just generating financial reports like other programs, Buildium goes way further. It allows you to accept online payments from tenants cheaply plus it will print and even mail checks for you.
Buildium is based online which makes property management on the move a lot more convenient. Instead of having to lug your own laptop around, all you need is a computer and internet connection to access it anywhere.
If you manage your rental properties together with others, you will really appreciate Buildium's multi-user feature that allows you to share program access and rental property information easily. Whether it is your accountant, repairman or investment partner, you can grant them access by creating a user account for them in the "Admin" tab.
Buildium Property Management Software also comes with a very handy form generator that produces landlord letters with a few simple clicks. This is a great time saver especially for those landlords and property managers who dread writing letters and dealing with paperwork.
What We Don't Like About Buildium
While its enormous list of features is a big plus, Buildium Property Manager Edition can be overkill for landlords with modest needs. If you are just looking for a simple software to handle accounting and store rental information with ease, then you may want to consider Buildium Landlord Edition or LandlordMax instead.
To be fair, Buildium is fairly easy to learn. It has done a good job of making the learning curve a lot less steep by having a simple, clean design and inserting helpful tutorials at the right places.
We also feel that some of its advanced features are buried a bit too deep which makes them harder to find. For example, if you want to send a bulk invoice you will have to navigate 3 levels deep. However we did get used to it after a few days of use.
This is probably a minor issue for most but it will be great if Buildium can automatically highlight late rents and overdue payments. While you can check for late payments easily, what we are looking for is an automatic reminder that will appears on the main page (the "Dashboard" of Buildium) or a pop-up message for overdue payments.
Conclusion and Recommendations
To sum up our Buildium property management software review, it's clear this is an all-inclusive program that way overdelivers. It is invaluable to two groups of users in particular:
1. You are a full-time property manager or a landlord with 10 or more rental properties.
2. You are someone who likes to save time and automate your property management tasks as much as possible (in this case Buildium is an excellent choice even if you have few properties).
If you fit the any of the above descriptions, then choosing Buildium is an absolute no-brainer. The amount of time and effort that Buildium saves you will easily pay for itself many times over. Buildium pricing is highly affordable too: It starts from just $15 per month.
In fact, a good handful of the features found in Buildium Property Management Software (such as integrated online banking and personalized portal for tenants) are usually only found in custom in-house software costing more than $1,000. This makes Buildium amazing value for money even if you just use a fraction of its functions.
P.S. We're often asked if there are Buildium discount codes. Unfortunately Buildium doesn't issue promo codes but the good news you can get a free trial:
Features and Design: 10 / 10
Ease of Use: 7.5 / 10
Value for Money: 9 / 10
Overall Score: 9 / 10
