In America, the property management sector brings in more than $99 billion a year. With the aid of good property management software, you can find, vet, and manage renters, oversee their maintenance needs, and keep track of all the costs and income that go along with it. It shouldn’t come as a surprise that so many businesses dealing with software have been formed to help investors and property owners, as well as managers overseeing the property, to maintain organization for day-in and day-out communication with tenants and management, as well as to be ready for tax season.
When it comes to rental management software, you’ll find a ton of options on the market. With that being said, they’re not all created equal. One of the top-rated across the entire corporate housing industry is Buildium. It works for both residential and association property managers because its comprehensive service, created by property managers for property managers, enables remote management of all activities and areas.
Building managers can oversee anything from managing vacancies to rental payment, online maintenance schedules, and accounting using Buildium. Buildium also automates time-consuming, mundane tasks with tools for bookkeeping, time tracking, and more. Through renter and leasing tracking, automatic rental and charge reminders, full main journal accounting, and instantaneous reports, it supports the cycle of lead-to-rent collection. Buildium features a specialized tenant portal, which enables property managers to receive pay online and instantaneously.
When Michael Monteiro and Dimitris Georgakopoulos established their rental property business in 2002 and 2003, they recognized they needed software to make managing their properties easier. They started Buildium in 2004 and it quickly expanded to 10,000 clients by 2014, winning many honors and accolades along the way. Buildium connects with numerous external software systems to support its functionalities, including Tenant Turner, PayNearMe, Trulia, Zillow, and Zumper, as well as Apartment List, Apartments.com, Forte, HappyCo, HotPads, Lovely, TransUnion, RevSpring, MSI, and Nelco.
Buildium is easy to use, automated, and flexible enough for both novice and expert users. There is a free 14-day trial available even though no free version is offered. The price of the basic plan, which is based on how many units you oversee, is $50 each month. The price of each unit diminishes as you have more units. However, it is evident that your overall cost will be larger. Additionally, each individual signing up for a yearly payment with Buildium receives a 10% discount.
Feature-rich and scalable, Buildium certainly ranks as one of the best rental management software options for corporate homes.