Buildium Property Management Software Powerful Tool For New Landlords

In the wake of the sub prime fiasco that has recently gripped the USA there are now several hundred thousand homes on the market at rock bottom prices with very motivated sellers. In this unusual market a new breed of investor has emerged.  There are thousands of new owner, operator landlords who are willing to take on the risk and buy cheap real estate only to rent it out. These new landlords need cheap and easy to use tools and a company called Buildium has just the solution.

These new style Property Managers and Landlords are typically younger, middle income and very aggressive.  Like with any other investment, there is the danger of failure and with a roughly 33% failure rate there are no guarantee of success. There is a little know dirty secret in the Property Management business that there are more failed landlords then people realise. To avoid the pitfalls these new, young Landlords have to be extremely savvy both in choosing their rental units and selecting the tools that they use to manage them.  Many first time and seasoned Property Managers are turning to a complex array of software to handle invoicing, call sheets, customer mail outs,  accounting and everything else related to running a property management business.  Employing this multi application system can be cumbersome and time consuming.

Buildium has developed an online application suite that handles all key business concerns of the property manager from 1 unit to 10,000 units. Buildium can handle all of your needs. Buildium is a company based in Boston.  Since 2003 they been providing Property Management solutions and tools for the Property Management industry and Condominium Association market.

Buildium offers three editions:

1) Landlord Edition for landlords and owner operators
2) Property Manager Edition for professional property managers
3) Association Edition for self-managed condos and homeowners associations

All of these version are available for a free 15 day trial and include:

Property Managers Edition

1) Maintain complete accounting records for each property
2) Track tenants, association owners, charges and payments
3) Give property owners and board members online access
4) Receive maintenance requests and generate work orders
5) Accept and issue electronic payments
6) Give residents online account access
7) Give online access to your property management team
8) Market and fill vacancies online

Buildium Association Edition

1) Maintain your association's financial records
2) Track association owners, charges and payments
3) Create and maintain budgets
4) Accept and issue electronic payments
5) Track association issues and to-dos
6) Keep track of maintenance and repair records
7) Participate in community forums

So, no matter what your needs Buildium will have the right tool.  Buildium's pricing scheme is tiered on the number of units that you would like to manage and you can pay by the month or by one yearly price. You save a little with the yearly price so we just chose that option.

For example 0 to 5 units cost US$9.99 per month or US$99.00 per year.
Up to 25 units cost US$19.99 per month or US$215.00 per year.
There rates go up and up 650 units at only US$174.99 per month or US$1890.00 per year!
(Over 650 they ask you to call for a special quote)
The prices are the same for either the Property Managers Edition or the Association Edition.