Overview
Choosing the right property management software is crucial for efficiency and growth. In this comparison, we analyze Simpli Management and Buildium, two leading solutions, to determine which best meets your needs.
Note: Buildium’s product has additional features not listed in this article. Please contact Buildium for more information on their property management software.
Pricing Comparison
Simpli Management keeps pricing straightforward and affordable:
- $2/unit per month for vacant units
- $5/unit per month for occupied units
- No hidden fees or minimum charges
Buildium, on the other hand, follows a tiered pricing model with higher costs:
- Essential Plan: $58/month
- Growth Plan: $183/month
- Premium Plan: $375/month
- Additional per-unit and bank setup fees may apply
- Additional services also offered for extra
Feature Comparison
| Feature | Simpli Management | Buildium |
|---|---|---|
| Portfolio Analysis | ||
| Loan Tracking | ||
| Online Rent Collection | ||
| Maintenance Management | ||
| Online Tenant Applications | ||
| Tenant Screening | In Development |
Accounting
A robust accounting system is the key backbone behind a property management system. Having a solid system in place helps provide accurate, and up to date information on which to make decisions on your properties future. In this section we will examine some of the accounting features in these software solutions. Read more about property management accounting software in our article: Why Simpli Management is the Best Property Management Accounting Software
Simpli Management:
- Comprehensive accounting tools
- Real time income and expense tracking
- Expense allocation
- Advanced reporting and analytics
- User friendly interface
Buildium:
- Comprehensive accounting tools
- Generate financial reports
- Automated invoice entry for $0.99 per invoice
Maintenance
Maintenance management is crucial to safeguarding your investment and ensuring a high-quality experience for your tenants. That is why you need a system that can track and manage requests as they come in, as well as appropriately delegate requests to the parties that need to manage it.
Simpli Management:
- Real-time tracking of work orders and vendor payments
- Tenant maintenance request portal
- Automated expense tracking for maintenance costs
- Ability for Tenants, Managers, and Owners to submit requests
- Built in expense tracking for maintenance request
Buildium:
- Work order tracking with third-party vendor integrations
- Basic maintenance coordination tools
- Mobile app support for maintenance requests
Tenant Portal
The tenant portal is the key location where your tenants will interact with you, and oftentimes can heavily determine the quality of their experience. It is important for landlords that tenants can easily setup payment methods, upload insurance documents, submit maintenance requests, and handle lease signing in an easy to do manner.
Simpli Management:
- Online rent payments with support for Checks, ACH, Credit, and Debit payments
- Lease signing and renewals via the platform
- Maintenance request submission with real-time updates
- Renters insurance upload
- Auto Payments to ensure more on time payments
- Easy onboarding process for new and existing tenants
Buildium:
- Online rent collection
- Access to lease agreements and payment history
- Basic maintenance request tracking
- Pay association fees
- Tenant communications
Owner Portal
As the owner of a property, it is essential to get a top-level view of your operations. This information should be updated in real time and provide all the metrics you need to make decisions. The days of compiling data to preform analysis in spreadsheets are over. Your property management solution should empower you by providing this information when, and where you need it.
Simpli Management:
- Detailed portfolio performance tracking
- Customizable financial reports for owners
- Transaction history with real-time updates
- Real time financial analysis for building and entire portfolio's
- Visual map's showing portfolio growth
- Alerts to key metrics
- Insights into portfolio vacancy
Buildium:
- Standardized financial reports
- Streamlined communication
- Document sharing
- View rental applications
Pros & Cons
Simpli Management:
- Transparent pricing, no hidden fees
- Advanced financial & portfolio tools
- Modern interface and ease of use
- Still developing mobile app and tenant screening
Buildium:
- Good for large property managers & HOAs
- Advanced automation & integrations
- Expensive for small landlords
- Bank setup fees and complex pricing
Final Thoughts
For growing landlords, Simpli Management is the superior choice with its transparent pricing, portfolio analysis tools, and user-friendly interface. While Buildium is great for large property managers, it comes with higher costs and additional fees. To read about more property management software solutions check out our article on The Best Property Management Software which provides examples of the most popular options for property management software.
