Buildium

JUNE 12, 2025

To keep up, landlords and property managers are turning to software that helps them automate tasks, stay organized, and grow their businesses. On the surface, both offer tools for managing leases, collecting rent, and tracking income and expenses. Two widely used solutions in today’s market are Buildium and Stessa.

Property Management Software

Buildium

MAY 29, 2025

These components dont work alone they connect and complement each in everyday property management workflows. Property Management Software: The Operational Backbone Property management software is one of the most established and practical categories of proptech.

Property Management

Buildium

JUNE 26, 2025

They’re designed to ease the financial burden on renters while still offering protection for property managers in case of damage or missed rent. Instead, it leverages bank-issued lines of credit for each renter and then initiates a draw against the line of credit in the event of damages or unpaid rent.

Tenant

Buildium

AUGUST 1, 2025

Property owners expect property managers to do more than just collect rent and handle maintenance. They want to know how their rental properties are really performing—with data to back it up. Benchmarking services compare property performance against internal historical data or industry standards.

Property

Buildium

JUNE 16, 2025

With new property management software platforms and features popping up all the time, automated property management systems have moved from the realm of ideas and marketing promises into real, concrete businesses strategies. Auto-Charge and Auto-Pay Options Recurring rent charges are generated monthly.

Property Management

Buildium

JUNE 16, 2025

This post details the most valuable property management tasks to automate. From collecting rent collection to finding leads, we’ll focus on how readily available tools can help you work smarter and more efficiently. Connect payment systems, bank accounts, and accounting software into a real-time platform.

Property Management

Buildium

MAY 29, 2025

Collecting Rent and Managing Finances: Less Stress, More Consistency Before: Late Checks and Manual Spreadsheets Rent day used to mean waiting for mailed checks, making trips to the bank, and updating ledgers by hand. Scenario: Tenants get automatic reminders a few days before rent is due. Most pay through the app.

Property Management

Buildium

JUNE 16, 2025

Messages trigger automatically based on key events or dates, such as rent due reminders, maintenance appointment confirmations, package arrival alerts, or lease renewal notices. For example, residents who get rent reminders via text tend to pay on time. Automated rent payment systems simplify this process for managers and residents.

Property Management

Buildium

APRIL 23, 2025

Be Detailed: Include all the necessary information, such as the rent amount, due dates, security deposit, and any property-specific rules. Its all about finding responsible renters who will treat the property well and pay rent on time. Verify Income: Make sure tenants can cover the rent.

Lease

Buildium

MARCH 19, 2025

Managing rental properties involves more than just collecting rent and maintaining the property. One of the most important aspects of property management is keeping track of financial transactions, monitoring expenses, and ensuring taxes are filed correctly.

Rental Property

Buildium

JUNE 16, 2025

Example: “If rent is more than 5 days overdue, apply a late fee.” Rent Collection and Delinquency Workflows Rent collection is one of the most time-sensitive workflows, which means it stands to gain a lot from automation. Examples: A lease is signed, a payment is late, a tenant submits a request.

Property Management

Buildium

APRIL 23, 2025

Property management leasing software is a tool that simplifies managing residential properties by automating key tasks. From lease signings and renewals to tenant communications and rent payments, it tackles the most time-consuming aspects of property management. Heres how: 1. The result?

Lease

Buildium

MAY 15, 2025

You know properties arent always full, and unexpected repairs happen. List your expected rent income and subtract all expenses, such as your mortgage, taxes, insurance, maintenance, and vacancy periods. Step 6: Managing Your Properties Managing your own rentals doesnt have to be overwhelming.

Property Management

Buildium

JUNE 25, 2025

Stay informed about local rent trends, leasing cycles, and tenant preferences. Use digital tools such as tenant portals, SMS platforms, or messaging apps to keep renters informed about maintenance, building updates, rent changes, or policy shifts. Address late rent with clear and respectful policies.

Apartment Management

Buildium

JUNE 16, 2025

Rent Collection and Accounting Rent collection is one of the most predictable parts of your workflow, which makes it perfect for automation. Automated bookkeeping workflows let you: Send rent reminders a few days before the due date. If not, you can integrate other tools or task management platforms to fill the gap.

Property Management

Buildium

JUNE 17, 2025

While this may be easier said than done, our survey results reveal three major strategies: raising rents and resident-paid fees, making value-add property updates, and using technology to improve efficiency. Raise Rents and Resident-Paid Fees If an owner client hasn’t raised rent in a while, they could be leaving money on the table.

Property Management

Buildium

MARCH 19, 2025

This isn’t just limited to the monthly rent; it also encompasses other payments such as advance rent, security deposits, and lease cancellation fees. Knowing what constitutes rental income is the first step in effective tax accounting for your rental property. Heres a quick breakdown of those definitions.

Rental Property Management

Buildium

APRIL 23, 2025

This step is key to finding tenants who will pay on time and care for your property. Negotiating Lease Terms: After finding the right tenant, youll negotiate the lease terms, including rent, deposits, and policies. Rent Collection and Financial Oversight Collecting rent is one of your core duties.

Lease

Buildium

JULY 16, 2025

Maintenance and Property Operations: Understand preventive maintenance, emergency repairs, vendor management, capital improvements, and software tools. Financial Management: Create budgets, track expenses, collect rent, analyze reports, and monitor key performance indicators (KPIs) such as occupancy and net operating income.

Apartment Management

Buildium

MAY 29, 2025

Start small: Lease renewals, rent tracking, or maintenance logs. Take a look at property management software options such as Buildium that let you start small and scale up over time. You can give it a try with a free, 14-day trial or by signing up for a guided demo. These are your best candidates for digitization.

Property Management

Buildium

JULY 14, 2025

Here are nine ways to use automation in property management, with real-world examples from Buildium, one of the industry’s leading platforms. Automate Rent Collection and Payment Tracking Rent collection is one of the most repetitive and time-sensitive tasks in property management.

Property Management

Buildium

JUNE 16, 2025

Accounting and Rent Collection Automation Tools Financial workflows are where accuracy matters most. Rent collection, bill payments, reconciliation, and reporting can all be automated to reduce manual errors and give property managers real-time insights into their cash flow. Struggling to keep up with rent reminders?

Property Management

Buildium

MAY 29, 2025

A virtual property management company handles all the day-to-day responsibilities of rental property managementbut without a central office or in-person staff. The Core Benefits of Running a Virtual Property Management Company Switching to a virtual model (or starting one from scratch) can transform how you operate.

Property Management

Buildium

MARCH 19, 2025

Make sure your listing is detailed with descriptions, clear pricing, and essential property features. Pro Tip: Property management software can help you create better listings in less time and syndicate them across top listing sites in just a few clicks. These sites attract a wide range of potential tenants.

Rental Property

Buildium

JUNE 12, 2025

They often come with mobile capabilities so managers, tenants, and vendors can communicate and act quickly, especially when on the go. Maintenance apps are distinct from other software you might already be using. Many of the other software on this list, including Clyr® , Inspectr® , and Property Meld® are already Marketplace partners.

Maintenance

Buildium

JULY 16, 2025

Resident and Visitor Management: Offer residents simple ways to grant visitor access through temporary codes, remote unlocking, or visitor registration portals to improve the overall tenant experience. Integration with Property Management Software: Synchronizing resident and vehicle data reduces administrative work and errors.

Apartment

MRI Software

FEBRUARY 11, 2025

Lease audits provide a clear understanding of tenant agreements and ensure compliance with legal and property guidelines. They allow landlords to identify discrepancies in rent payments, lease terms, or operational policies that could lead to financial risks. What is the purpose of lease audits?

Lease

Buildium

JUNE 9, 2025

Standardize workflows including rent collection, maintenance requests, and tenant communications. Tools to Help Manage Your Property Management Business Successful acquisitions require careful planning, execution, and adaptability. Clear communication builds trust and reduces uncertainty.

Property Management

Buildium

MARCH 3, 2025

The Benefits of Property Management Automation The term property management automation might sound complex, but its really just about using software and technology to streamline your property management business. Try it for yourself with a risk-free 14-day trial or schedule a live guided demo.

Property Management

Buildium

APRIL 16, 2025

This gives you a preliminary maintenance management workflow you can improve over time. 3 Maintenance Workflows Every Property Manager Must Have That said, you need three main types of maintenance workflows: Work orders: Your go-to workflow for everyday maintenance requests.

Maintenance

MRI Software

JUNE 26, 2025

Visitors could look under the hood at MRI Agora Insights, demo CheckpointID’s ID verification technology on a giant tablet, see how MRI Engage is accelerating applications by 60%, and learn why MRI PMX is the property management software designed for whatever comes next.

Property Management

Buildium

MAY 21, 2025

Since one of the core responsibilities of a property manager is to manage an owner’s assets, income, and expenses, youre constantly dealing with accounting whether you like it or not. From receiving rent payments to handling vendor invoices, theres so much money that flows through your business each month.

Property Management

Buildium

APRIL 23, 2025

As a residential property manager, one of your most important responsibilities is selecting tenants who will pay rent on time and care for your property. It helps reduce risks, keeps you compliant with laws, and helps you find high-quality tenants who fit your properties.

Applications

MRI Software

FEBRUARY 5, 2025

Properties with two to four units typically qualify for residential loans, which are easier to secure and offer lower interest rates. Using multifamily property management software can help streamline rent collection, maintenance scheduling, and communication for properties with many tenants.

Property

Buildium

APRIL 23, 2025

How Tenant Screening Fits into Property Management Leasing When it comes to leasing, your tenant selection process is the first line of defense. A well-thought-out screening process helps you find responsible tenants who will take care of your property and pay their rent on time consistently.

Lease

Buildium

JUNE 23, 2025

Build Out Amenities to Increase Rent Potential Amenities are a major draw for prospective tenants and can justify higher rents. Use Data to Drive Maintenance Decisions If you’re not already, you should be using property management software to track maintenance costs, identify recurring issues, and optimize resource allocation.

Maintenance

Buildium

JUNE 28, 2025

Concern #4: Ethical Considerations and the Risk of Bias Avoid relying on AI to screen tenants or set rent prices. As tech in the property management industry continues to evolve, implementing AI into your business processes is a smart long-term strategy. Frequently Asked Questions Will AI replace property managers?

Property Management