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From prepping your rental to move out, and everything in between, there are a lot of administrative tasks that come with being a landlord. Leveraging great landlord software can help simplify those administrative tasks, professionalize your business, and even save you money. However, with so many available property management software solutions to choose from, how can you be sure you’re going with the right choice for your business?
To make this challenging decision easier, we’ve compiled the main differences between TurboTenant and Buildium. Keep reading for more.
Simplify Your Rental Property Management (for Free)
Get the All-in-One Solution 1) Cost
The main difference between Buildium and TurboTenant is the cost investors pay for each platform. Buildium has a more complicated, tiered pricing structure, with your cost dependent on the number of doors you own.
TurboTenant offers a Premium subscription, but there’s also a free version that allows you to begin managing your properties without any financial commitment. Under the free subscription, TurboTenant landlords can market their property, manage leads, track expenses, and use other helpful property management tools.
TurboTenant’s Premium subscription, which will cost a maximum of $199 per year, offers all the basic and bonus property management tools you’ll need to manage your rental, including:
- Connecting an unlimited number of bank accounts
- Expedited rent payouts
- Income verification (in the Pro tier)
- Unlimited state-specific lease agreements
- Lease addendums
- E-signatures
- The complete Landlord Forms Pack
- Custom pre-screener and application questions
- Lower application fees for renters
On the other hand, Buildium charges up to $256/month for its most basic subscription, which still includes additional fees for bank account setup and e-signatures. Their Premium subscription comes out to a whopping $741/month for just 300 units. There is no free subscription option for Buildium.
2) Types of Portfolios Served
It’s clear that Buildium’s pricing structure makes it more difficult to scale your business without enduring a financial penalty from their platform. With such a hefty price tag, Buildium clearly tailors their platform to the needs of large landlords and property management companies, and its pricing structure hurts growing investors. Because Buildium’s platform is built for large landlords, the needs of smaller landlords are neglected, and pricing is not built to support small businesses.
TurboTenant proudly serves all independent investors, no matter their door count. From landlords with just one property to those with large multi-unit properties, TurboTenant’s got you covered for the same price. TurboTenant offers free educational resources for all landlords, with topics ranging from Section 8 to Emotional Support Animals to Lease Do’s and Don’t’s. Whether you’re new to the game or a veteran investor, TurboTenant is dedicated to your continued education and providing you with every resource necessary to succeed and boost your bottom line.
Invest in landlord software that will accommodate your business, no matter how big or how fast it’s growing.
3) Landlord-Tenant Relationship
All rental property owners know that navigating the landlord-tenant relationship is the most challenging aspect of being a landlord. Awesome tenants mean consistent on-time rent, a respected and clean rental, and a lot of stress and time saved for the landlord. That’s why it’s essential to know that your chosen landlord software supports a positive landlord-tenant relationship and enhances the tenant experience, as well as the landlord’s.
Aside from their accessible tenant portal, TurboTenant offers instant tenant messaging, rent reporting, automatic tenant check-ins, renter resources, renters insurance, and flexible payment options through Lvble. These resources make it easy to address tenant issues proactively and support them on their own financial journey. Not only does TurboTenant help make your tenants happier, but they also strive to educate landlords on how to better communicate with tenants and navigate challenging situations. TurboTenant will ensure you never have lingering questions about how to build a respectful, mutually beneficial relationship with your tenant.
On the other hand, Buildium offers a resident center, its version of a tenant portal. Buildium can also set up automatic late fees, automatic rent reminders, renters’ insurance, and rent reporting for tenants. Because their platform is tailored to large property managers, they can also mass send announcements to entire properties and associations. Buildium does not offer tenant check-ins, flexible rent payment options, or automated rental property maintenance services. Buildium does not provide any educational resources to support the landlord-tenant relationship.
Conclusion
For an inclusive, all-in-one property management software that supports both small and large businesses, choose TurboTenant over Buildium.
TurboTenant has all the features necessary to accommodate any size landlord with pricing that supports their unique business model. TurboTenant’s platform is dedicated to providing an affordable solution that offers every feature independent landlords need to help their businesses thrive. As a bonus, they are dedicated to improving the landlord-tenant relationship, which will make your life easier, shorten your vacancy cycle, and increase your cash flow.
