Whereas each software program provides the same vary of options, let’s get an in depth take a look at how they evaluate subsequent to one another. A side-by-side comparability may also help paint a clearer image of the place every software program shines.
With out complete property administration software program, the step-by-step course of of somebody turning into a result in signing the lease is lengthy and sophisticated, made additional difficult by all of the paperwork concerned. Buildium provides a streamlined workflow from each step of the method:
- Rental itemizing syndication
- Drag-and-drop web site creator
- A rental utility administration dashboard
- Showings coordinator and automatic reminder notifications
- Tenant background checks powered by TransUnion
- Digital signatures powered by Dropbox Signal
- Renters insurance coverage powered by MSI
Propertyware additionally provides comparable lead-to-lease options together with:
- A templated web site creator
- Lead monitoring
- Rental itemizing syndication
- An utility portal
- Tenant screening
- Digital signatures
- Leasing contact middle
Each software program options have comparable capabilities. Propertyware shines in terms of companies that require a number of customizable choices. Buildium’s power is in its wide selection of options and integrations accessible proper out of the field.
On-line Hire Assortment
Buildium collects lease, charges, and payments on-line mechanically. Residents can add their fee bank cards and financial institution accounts instantly onto the Resident Heart and arrange recurring funds. You can even pay homeowners and distributors, whereas each single transaction is recorded in your accounting platform.
Proprietor Portals on Propertyware help you switch or obtain cash. Tenants may also pay lease on-line with their checking/financial savings accounts or bank cards. If tenants can’t pay lease on-line or choose to pay in money, Propertyware’s Money Funds offers tenants different choices to keep away from late charges and penalties.
Property Administration Accounting
Buildium provides exact bookkeeping for property managers to know the ins and outs of their enterprise. Buildium provides real-time dashboards and makes it simple to ship and obtain digital funds securely—that are all recorded mechanically. Additionally they provide superior 1099 e-Submitting, so you’ll be able to put together your 1099 in minutes and ship them earlier than submitting even formally opens with the IRS.
Propertyware permits you to entry distributors, payments, funds notes, and paperwork in a single location. Handle accounts receivable, accounts payable, and reconcile along with your financial institution accounts rapidly.
Additionally they provide customizable studies that permit customers to select from a complete set of knowledge factors to arrange studies with as little or as a lot element as they want. Lastly, it consists of budgeting options to facilitate enterprise progress.
Buildium’s sturdy upkeep administration options reduces paperwork and automates each activity. Residents, homeowners, and workers can submit work orders, add movies and pictures, and monitor vendor efficiency. Buildium integrates along with your accounting system so you’ll be able to pay your distributors mechanically.
Equally, Propertyware provides a chook’s-eye view of distributors and duties. The software program standardizes work orders and dispatches service technicians by means of the Maintenance Contact Center. Buildium additionally provides a 24/7 Upkeep Contact Heart that helps area and clear up upkeep requests. Nonetheless, Buildium’s power is in its integrations because it connects with Rocket Station for sourcing digital workers and Property Meld for automated service request administration.
Buildium has two major communication portals: Resident Heart and the Proprietor Portal. Resident Heart permits tenants to view their funds, submit upkeep requests, make funds on-line, and talk with the property supervisor or different tenants. Property managers can grant homeowners entry to vital paperwork, monetary studies, and lease assortment by means of the Proprietor Portal. They will additionally ship notices to homeowners by electronic mail or bodily mail.
Propertyware additionally has Tenant and Owner Portals that present two-way communication. Homeowners get to see the efficiency of their portfolio, whereas tenants can talk with property managers and pay lease on-line. Total, the options are comparable between the 2 software program.
Integrations and Open APIs
Not all property companies have the identical wants, which is why flexibility is vital for all-in-one options. If you happen to’re on the lookout for options outdoors of what Buildium and Propertyware provide out of the field, they supply integrations and an open API to increase your capabilities.
Propertyware integrates with a handful of exterior software program, together with SuiteSpot, GigTel, PropertyMeld, PATLive, Showdigs, and AvidXchange. Buildium has a rising associate market of integrations that work out of the field, with none customized coding required.
Each Buildium and Propertyware have open APIs that permit PMs to cross your information to wherever you want – whether or not it’s current software program or software program constructed by yourself.
You may hyperlink Buildium’s information with exterior instruments and programs programmatically with their open API. Buildium additionally permits you to create self-service API keys, so you’ll be able to generate keys anytime and anyplace. That is all hosted in Buildium’s developer portal, the place you’ll be able to handle your integrations in a single place.
Whether or not it’s customizable studies or constructing dashboards, Propertyware’s greatest power is its customization. It begins with their API that helps two-way information connection, which suggests you’ll be able to freely cross information backwards and forwards from any software program of your selecting. Propertyware additionally consists of customized fields that permit extra customization within the dashboard.
To make use of all-in-one software program to its fullest, onboarding and training are essential. Buildium companions you with an Onboarding Specialist to stroll by means of the ins and outs of Buildium. With Stevie Awards for Excellent Buyer Service eight years in a row, Buildium provides distinctive assist. Additionally they provide a Assist Heart and self-guided on-line coaching program known as Buildium Academy.
When signing up with Propertyware, you’re paired with an Implementation Advisor (IC) who walks you thru the implementation course of. Moreover, they provide customized one-on-one coaching periods, day by day webinars, and even on-site coaching to cowl all of the roles and tasks inside your group. Additionally they provide video coaching programs known as Propertyware University.
Whereas each software program present a spread of customizable pricing choices, they begin at totally different baseline value factors. Buildium’s Important plan begins at $52 per thirty days, whereas Propertyware has a $250 month-to-month minimal and an implementation charge to get began.
Propertyware has actually robust customizable options the place you pay for under the options that make sense for your online business–together with a web site builder and the upkeep contact middle. Buildium provides a free 14-day trial and extra reductions as much as 15% off your annual subscription by means of their rewards program.