Top 10 Hidden Features in Buildium You’re Probably Not Using

Property management software such as Buildium has also become a must-have for managers dealing with residential, commercial, or HOA properties. Although most property managers only utilize Buildium for the most rudimentary functions such as rent collection, lease management, and communication with tenants, there are a number of features that tend to get overlooked. Those lesser-known features can save time, increase efficiency, and assist property managers in simplifying their everyday tasks.
At Acrebook, we assist property managers in getting the best out of the software they are already utilizing, such as Buildium. Once you know these hidden features, you can maximize your investment in Buildium and streamline your property management operations.

1. Task Management System:
Most users don't utilize the task management feature that comes with it. This tool enables you to delegate, follow up on, and prioritize tasks to your property management staff. Rather than using third-party applications or email threads, it all can be done right within Buildium.

2. Online Rental Applications:
Buildium has customizable online rental applications that you can link directly to your property listings, which eliminates paperwork and saves applications with the system automatically for your review.

3. Electronic Signature Support:
With Buildium, you can use the electronic signature tool to electronically sign lease documents and other important paperwork. This helps speed up the leasing process and keeps accurate records of documents without requiring physical documents.

4. Vendor Management:
Buildium allows you to add, manage, and pay vendors all in one place. You assign maintenance requests to a vendor, monitor the progress, and make sure you pay the vendor on time. Buildium streamlines the process, minimizing follow-up of maintenance requests and standalone spreadsheets.

5. Automated Late Fees:
Property managers tend to spend time manually computing and applying late charges. Buildium offers an auto-late fee feature that accurately charges tenants when they miss payments, allowing you to maintain consistency and avoid mistakes.

6. Communication Tracking:
Communication with tenants is essential, and Buildium has bulk messaging tools and conversation tracking. No matter if it's email, SMS, or announcements, all communication is recorded in the system, providing a quick way to mediate disputes and keep things transparent.

7. Reporting and Analytics:
In addition to standard money reports, Buildium provides sophisticated reporting tools capable of monitoring cash flow, expense types, and property performance. These reports enable property managers to budget and plan intelligently based on sound information.

8. Bank Reconciliation:
Buildium's bank reconciliation tool makes sure that your books are reconciling with your financials. It lessens the possibility of mistakes and makes it less time-consuming to ensure your books are accurate without having to manually verify every transaction for hours.

9. Document Storage and Sharing:
Buildium allows you to upload important documents, including leases, insurance policies and inspection reports into the system. You can also securely share these documents with tenants, owners and staff – all without relying on third-party storage systems.

10. Mobile Access:
Use the Buildium mobile app that enables mobile access to all the necessary features, including rent collection, maintenance tracking and tenant communications. Most property managers don't use this feature even though it makes daily operations easier when working away from the office.

Why Work With Acrebook?

Here at Acrebook, we are experts at maximizing the usage of platforms such as Buildium for property managers. Most businesses don't touch on the full potential of what property management software can achieve. By allowing our professionals to handle the bookkeeping and software configurations, you can concentrate on developing your business rather than dealing with technical issues.
Our staff has over a decade of experience with residential, commercial, and HOA property management accounting. We're experts with Buildium, AppFolio, Rentvine, QuickBooks, TenantCloud, Rentec, and Xero. With Acrebook, you can rest assured you won't miss out on the secret features of your software—we'll make sure your systems are integrated to operate efficiently and effectively.

Concluding Remarks:

The anticipated features of Buildium can augment user experience in managing properties. Expect to explore many features like task management, e-signatures, vendor tracking, and financial reporting to help property managers have transparency and control over their activities.
If you want to maximize the potential of Buildium, let Acrebook assist you. Our virtual bookkeeping services for property managers help ensure your software works for you, not against you. By outsourcing bookkeeping functions to professional property managers who are well-versed in property management software, you can spend more time growing your business.

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