Does anyone use the program Buildium for property management?

Question

Hello, Does anyone here use the program Buildium for property management? I have a friend that tells me it is a great program to use for rentals. Just wanted to hear some opinions before I jump in.

Thanks, Tammy

Tammy Davidson · Answer

Thanks everyone for your help! What do you mean the manual upload for collecting rent? A manual upload on the program or some other way?

Lesley Resnick · Answer

I use it and really like it.  I only use a small part of the technology.  It is just property management and it does it well.  There are clunky ways of running renovations, but I was unhappy with the functionality.

The most valuable part is the rent collection through a portal that updates late fees. Buildium charges for every payment received and it starts to add up.  You can make payments out of their system and they charge for that as well.  They offer a digital lease and it is $5 per lease.  I still use the manaual upload.

I do not use their accounting system.  It seems functional, but minus the renovations my accounting is simple.  I collect around 18 payments a month and pay 6 mortgages and repairs.

Tammy Davidson · Answer

We have around 30 rentals, a construction company and we flip houses. I am more concerned about the rentals. An easy way for tenants to pay rent and for us to keep track of, receiving maintenance requests, sending out letters to tenants & running reports. Just the normal Property Manager things.

Shawn Morey · Answer

Can you tell us more about your situation? Using it to manage your own investments? How many units do you have? Or are you starting a property management company?

Buildium is great for a property manager or when you have a decent portfolio, but there are many free versions that work great for a small portfolio or single unit

Soh Tanaka · Answer

It is a great program, but unless you have many rentals, it's an overkill.