Buildium Review - Focos

Buildium Review

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Buildium Review Score
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What is Buildium?

Buildium is a project management software that provides a cloud-based property management solution that allows residential and association property managers to manage all aspects of their business from one place. Buildium will enable users to process rent and payments, vacancy management, maintenance cycles, and accounting online, whether they are in the office or on the go. With powerful reporting, you can keep track of your budgets, rent, vendor payments, and more. It’s simple to keep track of payments from homeowners and residents of the association. For a true financial picture of your properties, collect and view every fee, deposit, and refund 24 hours every day in seven days. Built-in calculators show you how much you owe your clients, landlords, and vendors. Set up automatic payments for recurring items, convert work orders into bills, and then pay them online. You can reclaim your time with automated reconciliations of bank statements and every recorded check and deposit. To ensure that you’re following the rules of trust accounting, take advantage of our full suite of reports.

Get a snapshot of your company’s cash and net income, and act quickly on any funds that haven’t been deposited. Easily manage your rent and security deposits, as well as collect and automate fees and pay your bills online. View monthly profits, upcoming bills, and cash in the bank with just a few clicks. And you’ll have access to a variety of reports, including real estate balance sheets, income statements, cash flows, bank reconciliations, and transaction reports. Residents can set up recurring payments in the Resident Center by adding their bank accounts or credit cards. There is no need to make manual deposits because the funds are automatically transferred to your bank account. You can pay your bills through Buildium and have them automatically recorded. Residents can pay rent in cash without a bank account, credit card, or photo/government-issued ID using Retail Cash Payments, which PayNearMe powers. All a resident has to do is bring in a copy of their payslip or a mobile payment code, go to a PayNearMe store, show the cashier their unique payment code, and pay in cash. Without the risk of reversal, money from completed transactions will be deposited into your bank account within five business days. PayNearMe’s Retail Cash Payments reduces the risk of fraud, theft, and payment disputes while ensuring that payments are made on time. There’s no need to manually enter transactions because they’ll post to your Buildium account within minutes. Start the new year by using Buildium to e-file your 1099-MISCs and 1099-NECs. Keep track of all vendor and owner payments in your Buildium account to ensure accuracy. Make online forms for property owners and vendors, and mail them the same day. Don’t miss any tax deadlines. From your Buildium account, you can access information for any 1099. Confirm that 1099s have been sent to the right people and keep track of the summary forms as they arrive at your office. When you e-File, include digital copies in addition to the hard copy we send to recipients. When you file with Buildium, you get a free digital copy. To ensure that residents never miss a rent check, encourage them to pay their fees or rent online, set up recurring payments, and view their payment history. The Resident Center is accessible via a desktop or mobile app. Residents can submit maintenance requests and upload photos directly from their phones or tablets. They won’t have to call because they can see when an item has been assigned to a vendor or staff member and view status updates until the thing is completed. All incoming maintenance requests and general inquiries can be assigned to a staff member. You can instantly send out announcements to many properties or associations via multiple channels, email, including text, and the Resident Center from your mobile device. 

Leases, policies, addenda, receipts, meeting minutes, inspection reports, floor plans, and maps can all be uploaded indefinitely. Access them at any time and from any location. When the need arises, easily share documents with residents or rental owners. From anywhere in the app, you can search by property, phone number, or last name to find contact information and quick access to shared files for each resident. Create your letters or emails with pre-populated templates when sending out a notice or reminder. For only $0.80 per mailing, EZMail will print and mail a paper notice for you. The fully integrated renters insurance solution from Buildium takes the hassle out of managing your policy. Your residents are pre-approved and can be signed up in minutes through the Resident Center, thanks to our partnership with MSI. For as little as $12 per month, residents can also be protected from medical expenses incurred by guests as well as emergency living expenses. Policy information is automatically synced to your Buildium account, regardless of whether residents have purchased Renters Insurance, powered by MSI, or a different provider. With ease, residents can easily document and view their enrollment information and receive automatic updates when their coverage changes.

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