Buildium Review

This property management platform deployed on the cloud – Buildium – is designed to offer absolute control over your operations. Association leaders can use the software to improve vacancy, rental and maintenance room cycles. In addition, the solution simplifies rent fees receipts and automatically alerts when payments are due or late. Being a cloud-based system, it does not require additional hardware or software installation and can be easily accessed from anywhere via a browser. Reporting tools provide a 360-degree overview of all properties and help the user effectively monitor the status of payments. In addition, the online dashboard provides all necessary information for managers and offers a quick overview of the leases that are about to expire. Automatic reminders are sent before the contract expires, which promotes a timely follow-up.

BUILDIUM – TUTORIAL

Watch the tutorial to find out how to set the parameters of a property using this management software for associations:

BUILDIUM – FEATURES

• Track every payment: record and view every commission, payment, deposit and refund. Make notes on the transaction so you know who pays late. Residents can pay their shares of utilities and maintenance fees through the common allocation feature
• Manage Accounts Payable: Integrated calculators show what you owe to suppliers. Convert work orders into invoices, then pay them online and set up automatic payments for recurring items
• Automatically reconcile bank accounts: automatic reconciliations of real world bank statements and all registered checks and deposits to save time and ensure accuracy
• Generate full reports: A full suite of financial reports is available for you. For example: balance sheets, income statement, cash flow statement, ledger etc.
• Enter data without problems: add your company’s financial transactions with simple modules provided by the solution. Expenses that repeat every month, such as your office rent, insurance policy or legal fees, will be automatically included
• View and report the main financial metrics: in a few clicks, view monthly profits, upcoming bills and cash in the bank. In addition, balance sheets, income statements, cash flows, bank reconciliations and transaction reports are at your fingertips
• Collect rental and association fees: reduce payment processing time by up to 70%! Residents can authorize their bank accounts or credit cards on the resident site and then set up a recurring payment plan. The rent will never be late, because it is automatically deposited into your bank account