Buildium Provides Online Collection of Payments for Landlords and Property Managers – 30-Day FREE Trial!

(I-Newswire) March 3, 2006 - FOR IMMEDIATE RELEASE


Buildium Provides Online Collection of Payments for Landlords and Property Managers –
30-Day FREE Trial!

March 2006

The Buildium Property Manager and Landlord Edition provides an efficient online management system that completely streamlines tasks for property managers, as well as landlords and residents. And unlike most Property Management solutions, Buildium offers a completely web-based solution, which means you'll never deal with user license restrictions or complicated installations. The only system requirement for Buildium is a basic connection to the internet.

Benefits of the Buildium Property Manager and Landlord Edition include:

Improved cash flow. Provide residents with a way to pay rent and fees online and not only improve resident satisfaction, but it also increase cash flow. With a Buildium merchant account, landlords and property managers can quickly process electronic payments in a fraction of the time it takes to process paper checks.

Reduced administrative costs. Landlords and property managers save time with electronic payments made via Buildium's resident portals. When residents pay online, Buildium automatically records the payment, updates the appropriate resident ledger and then makes a deposit into the account you designate - all safely and securely. Buildium also provides Landlords and property managers with the ability to send payment reminders and monitor resident delinquencies.

A REAL example of how much money could be saved with Buildium:

Based on numbers provided by property managers in a survey conducted by Buildium, it costs on average about $2 per check to process checks manually. This includes time spent entering check payments into the accounting system, quality checking records, preparing bank deposits, and making trips to the bank. For a property manager or Landlord that processes 1100 checks a month that's nearly $26,000 per year.

If the same Property Manager or Landlord were to have Buildium available to all of their tenants, it would reduce time spent preparing checks by 80% over time, which would result in a savings of approximately $15,500 per year! **

Increased resident satisfaction. Provide secure online payment options for rent or association dues and allow residents the ability to view the status of their maintenance requests. Residents can also access charges and payment history 24 hours a day/ 7 days a week

And, with packages starting at under $20 per month no other rental property software provides so many features for such an affordable price. Best of all, you can try Buildium free for the next 30 days with absolutely no obligation – simply visit www.buildium.com or email sales@buildium.com for additional details.

** (assumes a $.50 transaction fee per electronic payment)


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