Imagine a small company that manages 200 apartments, processing tenant applications, collecting rent, arranging repairs, and ensuring that various regulations are not violated every day. In the past, this required 5 employees to operate in a hurry, but now, only 1 person can complete it with a few clicks on the phone – this is the change brought by Buildium. As the choice of more than 20,000 property companies around the world, Buildium is using technology to reshape this $217 billion industry. By using Buildium, real estate and property managers can use a cloud-based platform to simplify their daily operations through a variety of features, including a free property management website, built-in accounting, and online payments.
Since its establishment, Buildium has been exploring innovation and seeking breakthroughs for the difficulties of property management.
🥇 (Problem 1): Data chaos is like “paper balls in a drawer”
The American Property Management Association found that 73% of small and medium-sized companies are still using Excel spreadsheets and paper documents. The boss of a company that manages 150 properties told us: “Every time I look for a lease, I have to look through the file cabinet for half an hour. Once a rainstorm soaked the records and almost got sued by the tenant.”
Buildium features:
All files are automatically archived in the cloud, and any record can be searched on the phone in 3 seconds
The system automatically generates utility bills, saving 80 hours of work during the tax season
After connecting to the smart door lock, you can check in real time which room’s air conditioner is not turned off for 24 hours
🥇🥇 (Problem 2): Regulations are like “moving targets”
The National Housing Fairness Act was updated 17 times in 2023, and manually handling leases is like “walking on a tightrope with your eyes closed.” A property company in Chicago was fined $110,000 for outdated contract terms.
Features of Buildium:
Contract templates are automatically updated with regulations, with red dots to remind you of the changes
Chat records automatically scan sensitive words (for example, “single mothers first” cannot appear)
Automatically remind you to return each deposit 30 days before it expires
🥇🥇🥇 (Problem 3): Cash flow is like a “leaky water pipe”
The traditional rent collection method makes the average collection period as long as 47 days, while properties using electronic payment can be shortened to 6 days. During the epidemic, some landlords in New York avoided bankruptcy because of this.
Features of Buildium:
Tenants scan the code to pay rent, and the system automatically marks overdue bills
Real-time curve charts are generated for income and expenditure data, which is 10 times more intuitive than reading bank statements
Automatic allocation and calculation of water and electricity bills, with an error rate reduced from 12% to 0.3%
Who is suitable to use Buildium?
1. From a small boss to a regional overlord
Maria from Texas initially had only 5 houses. With Buildium’s “interstate management dashboard”, she now manages 420 houses in 6 states. She said: “It’s like installing a remote control for each property, and you can handle maintenance requests at the gas station.”
2. The second spring of retired teachers
James, 65, used the “automatic rental” function in the system to reduce the vacancy period from 45 days to 9 days. “It will automatically push my house to 20 rental platforms, just like having a real estate agent working 24 hours a day.”
3. Smart assistant for community managers
The HOA association that manages a community of 300 households used to knock on every door to collect property fees. Now using Buildium to send electronic bills in bulk, the collection rate has soared from 67% to 98%, and it has saved $12,000 in printing costs each year.
4. A magic tool for receiving orders for maintenance teams
Mike, a plumber, has tripled his income by receiving orders through the system. “Now I can see the fault videos uploaded by the owners, so I don’t have to go to the site for inspection in vain, and I can receive 3 more orders every day.”
Buildium’s three major advantages
Advantage 1: Better “understanding” of small businesses than competitors
Transparent pricing: Tiered charging based on the number of managed houses, 50 houses only cost $89 per month
Easy to get started: 70-year-old landlord Martha can learn to issue electronic contracts within 1 hour
Mobile priority: 78% of users use mobile phones to handle business every day, 20% higher than competitors
Advantage 2: Make complexity simple
Traditional software requires 3 days of training, Buildium’s “smart assistant” can teach while using it. Tom, a property manager in Los Angeles, said: “It’s like having an IT team on call at any time, and even wifi settings can be answered.”
Advantage 3: More value added with use
Customers who use it for more than 2 years will open an average of 3 value-added services. For example:
Electronic payment: the handling fee is half cheaper than PayPal
Customized insurance: the premium is 30% lower than the market price, and it can be paid monthly
Data analysis: tell you “posting rental ads at 3 pm on Tuesday is the best”
Buildium: a new imagination of property management
1: Predictive maintenance
When the air conditioner vibrates abnormally, the system will automatically dispatch orders and order accessories. Tests in Boston show that it can reduce emergency repairs by 61%.
2: AI rental consultant
Enter the house information, AI will generate rental ads with VR house viewing, and can also simulate occupancy rates at different prices.
3: Blockchain credit chain
Tenants’ payment records will form an unalterable credit file, and good tenants can get deposit reduction rewards.
Choose Buildium now
Remote management has become a rigid demand
In the post-epidemic era, 42% of landlords have cross-city properties, and traditional management methods have become ineffective.
The rise of Generation Z tenants
87% of post-90s tenants refuse to sign offline, and landlords who do not use digital tools are losing customers.
Policy dividend window period
The US government allocates $2.8 billion annually to subsidize the digital transformation of properties, and the use of certification systems can apply for tax deductions.
Buildium pricing
Starting price
When you sign up for Buildium, you can try the Essential plan for free, which provides all the basic features included in the paid plan, for up to 14 days. You can then choose from three paid plans as needed.
Buildium’s plans start with Essential, which costs $58 per month for a monthly plan and $627 per year for an annual plan. If your business manages fewer than 150 units, this plan may be best for you.
Next is the Growth plan, which costs $183 per month and $1,977 per year. It offers more advanced features than the Essential plan, including support and performance insights. When your business starts to grow, this plan can help you manage your growing portfolio.
Finally, the Premium plan costs $375 per month (monthly fee) or $4,050 per year (annual fee). It offers cashback opportunities, advanced insights, and an open API to provide additional benefits to users.
Features Differentiator
Basic Plan
Prices start at $627 for up to 150 units per year (billed annually) or $58 for up to 150 units per month (billed monthly).
Ideal for: Small property management businesses that manage fewer than 150 units per month.
Basic Plan Features:
Tenant Screening: Soft credit checks are run on tenants and they are charged a screening fee. The tool automatically generates reports after approval and payment. This process helps you protect your property by selecting the most reliable tenants who pay rent on time.
Standard Reports: Get accounting reports including balance sheets, leaseholder statements, cash flow statements, budget vs. actual statements, and profit and loss statements. These reports keep you on top of your financials to ensure your business is running smoothly.
Ticket Support: Under the Essential plan, access Buildium support by submitting an email support ticket. On the Growth and Premium plans, you get live phone support.
Growth Plan
Price: Starts at $1,977 per year (billed annually) and $183 per month (billed monthly).
Ideal for: Growing property management businesses or companies that manage more than 150 units per month.
Growth Plan Features:
Performance Analytics and Insights: Analyzes resident activity, such as engagement and payment history through the resident center. It also gives you insights into how your business is leveraging digital payments. These analytics help you identify opportunities to streamline operations, improve payment collection efficiency, and enhance the resident experience.
Business Analytics and Insights: Analyzes key leasing metrics, such as total potential rent and lease losses. It also provides a snapshot of your company’s revenue stream to help you identify trends and set goals.
Live Phone Support: Contact support by phone if you have questions about your subscription or general technical issues.
Enhanced Tenant Screening: Perform soft credit checks on tenants without requiring them to participate.
Premium Plan
Price: Starts at $4,050 per year (billed annually); $375 per month (billed monthly).
Best for: Large businesses or established property management companies that handle more than 150 units per month.
Premium Plan Features:
New Client Leads Powered by All Property Management: Get up to $500 worth of free leads for property owners looking for property management services in your market area. However, you must first purchase at least one lead from All Property Management (a Buildium company). After purchase, Buildium will transfer a $500 credit to your account within 30 days that you can use to purchase more leads.
Dedicated Growth Advisor: Get a dedicated account manager with tools and guidance to help you get the most out of Buildium.
Open API: Let your developers integrate Buildium with any other software you may be using. It allows you to access data outside of Buildium for advanced workflows and automation.
Priority Support: Get faster response times when you need support on an issue.
Is Buildium worth paying for?
There are many factors you should consider before deciding to purchase Buildium. The software may have a variety of features, but if it doesn’t meet your needs and budget, it may not be worth buying. Let’s explore some of the things you should consider before choosing Buildium:
Value for money
Our research shows that Buildium has a value for money rating of 4.22. This rating is based on verified customer reviews from the past two years.
Overall, customers think it’s good value for money considering the features provided in the Buildium plan. Users mentioned that Buildium helped them cut costs in areas such as accounting and administration. Others think it’s good value for money because it is constantly updated and keeps adding more features to improve property management workflows.
Conclusion: Don’t be a bystander of the times
While other software is still helping you “save time”, Buildium is already helping you “create value”. It is no longer a tool, but a “digital partner” for property companies. Just like replacing Nokia with a smartphone, it’s not a choice, it’s an evolution. Sign up now for a 90-day fully functional trial and let technology take you into the next decade of property management.
