Accounting News

Best Accounting Software for Rental Properties of 2021

 Buildium


Buildium’s default plan supports up to 5,000 properties, earning the top spot for users with large property portfolios.

Pros

  • Built by property managers for property managers

  • Automatic rent collection through a tenant portal

  • Online ticket support during business hours

  • A lot of training materials offered

Buildium, our review’s best property management accounting software for large property portfolios, has expansive accounting features supporting up to 5,000 units in its basic plan. 

The cost of the plan depends on the number of units you manage and goes from $50 per month for up to 150 units to a maximum number of 5,000 units at a cost of $1,080 per month. Buildium also offers a 10% discount for anyone who signs up for annual billing.   

In the cloud, users can record and view all fees, payments, deposits, and refunds, manage accounts payable through built-in calculators that show how much you owe to companies and vendors, reconcile bank accounts automatically, generate a variety of financial reports, and automatically generate and e-file a Form 1099.

Besides the accounting features, Buildium also offers a lot of advanced features with easy-to-understand tutorials. 

Buildium integrates with several outside software platforms, among which are TransUnion, RevSpring, MSI, Nelco, Happy Inspector, PayNearMe, and more. This solid list of integrations, the awards and recognitions it has received from G2 and Capterra, and its active updates to resolve issues makes it a reliable platform.

Buildium has a high rating across different review websites, serving as a testament to the reliable service they provide.