You know how many things can make managing property more difficult than necessary. Tenant screening is one of the best ways to avoid future problems and unpleasant situations.
Buildium is a property management software that allows you to perform comprehensive background checks on potential tenants. This will help you make informed decisions. Buildium is not only a tenant screening service, but it can also be used for other property management needs, such as managing your business or staying competitive in the market.
Continue reading to find out more about Buildium and its benefits.
Buildium: How does it work?
Buildium is an efficient and easy-to-use property management software. It allows you to do your everyday business from the comfort of your office, or on the move. Buildium allows you to focus on every aspect of your company, such as expanding your portfolio, establishing stronger connections, staying up-to-date with trends and more.
Michael Monteiro, Dimitris Georgeakopoulos and their team founded the company in 2004 with the goal of simplifying property management. Buildium has grown significantly since 2004, expanding to include All Property Management – a company with the largest online network of property management companies – and partnering with Adobe Document Cloud eSign Services and HappyCo.
Buildium is a platform for property management that offers services such as accounting, business management and leasing. This includes tenant screening. Owner portals, document storages, tracking maintenance requests, property inspections and rental insurance are also available.
This software was designed specifically for property managers. It includes everything from communication with homeowners and board of directors to keeping track of payments and budgets to collecting rents.
You can choose between two different monthly plans, depending on how many units you manage. You can purchase additional services such as community association, renters’ insurance, or showings coordinator separately.
Buildium offers a variety of services but it’s important to note the company is focused on safety and customer satisfaction. This includes benefits such as onboarding, customer service, and data protection. Buildium has created an onboarding program for new users to make the transition easier.
Buildium is also proud of its award-winning team of customer service representatives who offer personalized treatment to every new user. They are available 24/7 and can answer any questions that you may have.
Buildium also uses the latest security measures to protect your data. Amazon Web Services (AWS) monitors and secures your data in a physical datacenter. Your visits are encrypted. Buildium is immediately alerted in the event of any irregularities by its web application fire wall (WAF).
Buildium collects data when you visit the website, use its online products or fill in forms.
- Contact information including name, title and company name. Email address, phone number, postal address
- Taxpayer ID numbers and Social Security Numbers
- Payment processors process credit card information
- Please tell us about your interest and concerns regarding the company’s products and services
- Surveys, polls and assessments
- Automatically collected information such as your IP address, browser type, operating system and language, date and time of access, and the URL from which you came.
Buildium uses the information you provide to send you promotional material, to improve its website and its security, to evaluate and improve products and services it offers, to educate its customers, and to conduct research.
Buildium may share your information with third parties who provide services such as credit screening and payment processing. These services are used to ensure that you have the best experience possible. This data is also shared with law enforcement, or other legal authorities, in the event of a merger, acquisition, or sale, or if there was a corporate restructuring or bankruptcy. Buildium will not sell, rent or share your personal information with any third party except as described in the privacy policy.
Buildium Services
Buildium is a property management software that includes accounting, business operations and leasing software, along with additional services such as software for student housing, affordable housing and residential properties.
Buildium provides:
- Accounting and allows you to view and record every payment, refund, and fee. With built-in-calculators, you can see how much you owe to your company and vendors, transform work orders into bills and pay them online, adjust automatic payments for repeat fees, reconcile your bank accounts automatically, and generate financial reports like balance sheets, income statements, cash flow statements, budget vs. actual, general ledger, rental owner ending balances, rental owner statement, and more.
- Company Financials,helping to keep track of rents and security deposit, automating fees and paying bills online. This product allows you to enter financial transactions for your business using a simple form. You can view your monthly profits, bills due, cash in the bank and balance sheets.
- Online Payments,which reduce time required to make payments by 70%. Residents can authorize credit cards and bank accounts through the resident centre option. They can also set up a recurring payments plan.
- Cash payments and are used in conjunction with PayNearMe. This payment platform allows customers to choose when, where, and how they wish to pay. With this option, users can perform payments without using a bank account, credit card or a photo/government-issued ID. The money from any PayNearMe transactions will be deposited in your account within five business days. After that, it will automatically be deposited to your Buildium account.
- 1099 E-Filing, allows you to automatically file your 1099. You can check your data accuracy a month in advance of the IRS opening.
Business operations include
- Resident Center,which allows residents to submit maintenance requests online, upload photos from their devices directly, check status updates and assign default staff to receive incoming inquiries and requests. Sending emails or text messages can be used to share information with residents.
- Owner Portal, is a mobile platform that offers data and reports for property owners. You can provide owners with access to profit-and-loss statements, contributions, draws and specific transactions you made on the property. You also get balance sheets, income statement, and financial reports. You can also upload receipts, leases and other important information to the document sharing system that is available to property owners.
- Document Storage and allows you to store an unlimited number documents such as leases, policies and addenda. You can also upload receipts, minutes of meetings, inspection reports, maps, floor plans and other information. With the templates provided, you can create and send emails and letters as well as reminders.
- Request for Maintenance Tracking allows residents, employees, or owners to submit work orders, attach videos, documents and images.
- Property Inspections and work in conjunction with the Happy Inspector app to make information automatically synchronized, available on all devices.
- Renters Insurance and are provided by Millenial Speciality Insurance in conjunction with your portfolio. Renters insurance provides liability coverage up to $100,000 and personal property insurance of $10,000, $15,000, or $30,000. This policy covers medical expenses for guests and emergency living expenses.
Buildium provides the following leasing services.
- Rental Listings, that share your property listings with Buildium’s main partners including Lovely, Apartment List and the Zillow Rental Network, which can help you advertise your vacancies in Zillow.com as well as Trulia.com, Yahoo!.com, HotPads.com and MyNewPlace. Your unit description can be customized by adding photos and videos, as well as property-specific details. You can view and track all rental listings and future vacancies.
- Rental applications is a free rental application that allows you to customize an application by adding or removing question fields. The application is integrated into your marketing website, which allows users to pay online and apply immediately. You can also create your own checklists to help you with the tenant review process. Choose between two comprehensive tenant screening options and integrate them to ensure you are selecting the right candidate.
- The Showings Coordinator is the result of a collaboration between Buildium, a software for scheduling, and Tenant Turner. It automates pre-qualifications, scheduling, and tenant management. You can have tenants schedule showings by email or text message, and sync your calendar to make sure that the appointments are scheduled during your spare time. The Showings Coordinator helps you save valuable time by automatically sending emails or texts to tenants. It also keeps all the important information, such as statuses of your listings, showings and prospects, in one place.
- Screening of tenants,, which allows you to perform a thorough background check on all applicants. This will ensure that you select the best tenants and prevent future evictions. You can access all credit, criminal and eviction information. The results of the screening will be delivered to your account as a simple and clear report. You can also create custom credit scores based on each listing, and receive recommendations based on the information that you have collected from all candidates. After being added to the system, all prospective tenants will receive an automatic notification. This option to check a tenant’s background is one of Buildium’s most useful features, as it allows you to avoid any issues with tenants that may arise after selecting an unreliable candidate.
- Professional Website, allows you to create an integrated website for free on the Buildium platform. You can choose your theme, add your logo and upload important documents for clients and potential residents. Your website can host information about the available units, and customized rental applications that allow applicants to apply online and pay fees. Portal logins can be added to your website so that users can access and communicate with all their data from one location. This feature is developed in collaboration with Property Manager Websites a company which creates custom websites for property managers.
- eLease is the result of Buildium’s collaboration with Adobe Document Cloud. It allows for the collection of eSignatures on leases, addendum rights, and all lease documents are stored within Buildium. eLease has reusable templates that auto-fill the fields. You can also add custom fields to keep track of lease document signatures.
- Associations and is an online platform that caters to all of your association management requirements. It allows you to track all communications between homeowners, board members, non-owner residents, and other board members via email, text message, or mail. It also provides a customizable portal to accept payments online, submit maintenance tickets, communicate with staff, have instant access to the information about your community association, automate late fees, identify late payers, create and maintain budgets, enable board to access reports and resolve issues and streamline maintenance requests and streamline maintenance requests and streamline maintenance requests and simplify maintenance requests, as well as resolve streamlined maintenance requests, manage maintenance, create and maintain budgets, and allow, and access, and access, and access, and access, and access, and to resolve issues and solve issues and to a enabling identifying identifies, and to allowing facilitating maintenance request, and to, and, and, and, and, and, and, access, and, resolve, and, by board members, to, reports, to, to, to, to, to, to, reports, to, and, to, to, to,,and, to, to, and, to, reports, to, and, to, by, to, to, to, to, to, to, to, to, to, to, to, to, to, by, to, to, to, to, in order to, to, to, to, to, to, to, to, to, to, to, to
- Students housing is a property-management software that helps with all things student housing related, such as tracking multi-occupant leasing and maintenance, and filing property inspections. This option allows you to collect eSignatures, addendums, payments, security deposits, and maintenance requests from students.
- Affordable housing and helps you to keep track of payments. Rent payments are allocated according to how much the tenant pays compared to what the government pays. You can enter information from the field using the Buildium app and keep track of the rents you collect in person. Maintenance request management allows you to fill out all maintenance requests. You can also create tasks and assign them to vendors.
- Residential Property, is a tool which allows you to manage your operations and communicate with tenants, applicants, vendors and owners. Create a professional website for free to list your properties, receive applications, screen tenants, and give your tenants the option to submit online maintenance requests or make payments using their mobile devices. The owner portal allows you to share financial statements and leases.
Buildium Plans and Pricing
Buildium has two monthly plans, Core and Pro. You can easily determine the best plan for you based on how many units you manage with a simple two-step procedure. You only need to adjust the scale according to the number of units, and then compare the results between the two monthly plans. The two monthly plans include the following services.
- Accounting, budgeting & reporting
- Online Payments
- Budgeting for common expenses
- Leasing management
- Electronic leasing
- Tenant screening
- Portals for tenants and owners, communication and collaboration
- Maintenance management
- Mobile inspections
- Tracking and permissions for Board members
- Tracking violations of the law
- Onboarding
The 14-day free trial is included in both monthly plans, but we couldn’t find information about the refund policy.
You can request a demonstration session at a time and a date that suits you best. A company representative will be assigned to you who will guide you through the various services offered by Buildium.
Buildium Pros & Cons
PRODUCTS
- The variety of services
- Available on multiple devices
- Collaboration with other companies
- Tenant screening option
- Onboarding Training
- Free 15-day trial period
- Demo request
- 10% off a subscription for one year
- Monthly plans that are customized based on the number and type of units
- Customer Support Team of the Year
CONS
- Unknown Refund Policy
Bottom Line
Buildium is a property management company that offers a wide range of services to help you manage your business. Buildium puts the customer first. Its onboarding process, its customer care team, as well as the extensive privacy policy, are all designed to make sure you are satisfied with the service.
Buildium, in collaboration with leading companies, offers products and services designed to make the daily tasks of a property manager easier and more efficient.
Buildium’s tenant screening feature allows you to not only get the information about your prospective clients that you need, but also helps you avoid problems such as evictions and late fees. This will save you time and money.
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