Buildium Review and Pricing
Buildium is a full-service property management system. It includes leasing features, a resident portal, accounting, applications management, maintenance request tracking, and more. It also comes with a front-end website, tenant screening services, and renters insurance offerings.
Buildium was founded in 2004 and is headquartered in Boston, MA. In 2019, RealPage, owner of Buildium’s competitor Propertyware, purchased Buildium.
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Well-Rounded Enterprise Product
Buildium has enough features to match anyone else in the business.
It has e-leases, accounting tools, accommodates cash payments, maintenance tracking, renters insurance, owner and tenant portals, a professional website, tenant screening, and an Open API to build your tech stack around.
Most property management software tools are, at best, bland. Often they are worse than that. There isn’t a lot of the colorful modern designs befitting a 2020s product.
Buildium won’t exactly rock your socks off, but it has a very clean dashboard and one of the most modern designs of property management software available.
They syndicate to Zillow’s family of sites, Lovely, and Apartment list. But competitors like AppFolio have a significantly more comprehensive array of listing partners.
Pricing is per unit. Example pricing at 100 units the Essential plan is an estimated $160/mo.
The Essential plan is $50/mo and includes the basic features. eLeases are $5 each. It is limited to a max of 150 units.
Not as Comprehensive Listing Syndication
The Growth plan is $160/mo and adds performance analytics and insights, and eLeases are free. Incoming EFT fees are waived.
The Premium plan is $460/mo and adds a growth consultant and the Open API. It is only payable annually.
They offer a free trial.
*This is current to the best of my knowledge at the time of this writing. Contact the vendor directly to check current prices, discounts, and terms.
Use Buildium if…
Buildium is one of my favorite property management options.
It has more flexible pricing that can accommodate smaller brokerages, but still all the features of more expensive options.
The UI is my favorite of any property management software I tested. I like the layout and navigation a lot.
In my opinion, by far the biggest and perhaps only drawback is the listing exposure. If you are putting your listings on the MLS already, this may not matter at all. But if you are relying on your software to push your listing as broadly as possible, or want an easy way to do paid promotions of those listings on your site, AppFolio appears to be the superior product.
- $50/mo starting price for Essential
- $160/mo starting price for Growth
- $460/mo starting price for Premium
- Onboarding fees if over 20 unites
- Additional costs for electronic leases, EFT fees, and tenant screening
- $99 bank account setup fee
- Free trial offered and discount for paying annually
Otherwise, I would strongly consider Buildium.
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My Personal Recommendation
Skip Buildium if…
- You are a small or growing property management business that prizes a good dashboard and an all-around solid product
- You put your listings in the MLS already
- You want a similar tool but are willing to pay a little more for greater listing exposure (consider AppFolio)
- …(consider Yardi Breeze)
- You’re a larger property manager with more sophisticated accounting needs (consider Propertyware)