AppFolio vs Buildium

One of the most reliable and consistent forms of investment is real estate investment. Property management software suites take it a little further by simplifying all the aspects associated with it. If you are a property manager, then you sure must have a lot on your plate. From vacancies to late payment from tenants to federal, state and local regulations compliance, the list goes on. Fortunately, there is a whole new array of property management software designed to help you with your property management tasks.

Property management systems are not just to manage your tasks; they are designed to make your life much easier. In addition to helping you with regular duties like managing maintenance requests and collecting rents, the suites help in running and maintaining reports as well, which would be of great help to you during tax filing time. Also, many property management software solutions now operate on the cloud, which means that you don’t necessarily have to install anything, but still can access all the information you need from anywhere and at any time.

The two most viable property management software suites that we are going to discuss about are AppFolio and Buildium.

Overview

AppFolio

Founded in 2007, AppFolio is a property management software solution that enables student housing, commercial, residential, and apartment property managers to market, manage and develop their business more effectively. This is a comprehensive solution that serves all your business needs, including online lease agreements, online applications, applicant screening, online rent payments, accounting, marketing, and many more.

With AppFolio, you can easily post vacancies on your site and also in many other sites on the web. The monthly fee you pay for this software includes product training and support for as many users you require. Other features offered by the system include rent tracking, vacancy tracking, database searching, tenant liability insurance, report customization, automatic bills posting, professional websites, paperless work order generation, etc.

Know more about this software on our Knowledge Base here.

Buildium

This is another cloud-based property management software that enables property managers, both association and residential, to manage every single aspect of their business, inclusive of the maintenance cycles, vacancies, and rent. Buildium also helps organize rent cycle management by offering features like lease tracking, late fee reminders, ledger accounting, automated rent collection, and more.

The tenant portal offered by Buildium enables you, as a property manager, to receive payments online. The owner portal, along with the tenant portal, can be used to submit online requests. These requests can then be transformed into work items by property managers and assigned to other staff using the software’s mobile app or web portal.

Benefits

AppFolio

• The Rent Comparison Tool makes property analysis easier.
• Direct rental liability insurance for tenants.
• Excellent help and support.

Buildium

• Easy to use.
• Provides good security to protect users’ data.
• Good support features.

Head-to-Head Matchup

Conclusion

Both these software suites are excellent property management solutions in their own right. Buildium offers solid features set that will guide you in a wide range of applications. If you are looking for a simple, easy to use software to manage your properties, then Buildium will suit your needs best. On the other hand, AppFolio is one strong competitor that gives you powerful tools to deal with facilities, tenants, marketing, employees, and more. So if you are in need of something more powerful and advanced, go for AppFolio.