All Forum Posts by: Paul DeSilva

That being said there seem to be very comparable platforms for a fraction of the price. My original post was trying to make a point of monthly subscriptions seem to be the new norm, which I understand that companies need to monetize their services. Also that Buildium keeps increasing in price. I like to know where all of our dollars go and how hard they are working for us when they get there. We are looking for the best value. 

Also I still use yard signs at one of our properties that is located on a busy road with an average of 8000 cars passing per day.

 I did a deep dive into TC last night and it seems like a very robust platform and much more customizable than Buildium. If we do make the switch it will probably be over a 3-6 month period.

I agree, it seems to be that most listing service providers are getting away from FREE listings. This is just another expense that we will have to account for. I was trying to bring light to the point of Buildium is less attractive for us now. It is an expense that may not be needed for our company right now. There are free property management software options and other possibilities that may work better for us but we are still undecided if moving companies and having the hassle of that for us and our tenants is worth while. 

It's not a robust platform for the aforementioned items. I do like the platform for the reasons that I listed in the previous post. That being said I could probably get software that will handle listings, communications and online payments for a third of the price or free BUT we are already intergraded with Buildium, we like the tenant portal they have, we like the website that comes with it and it's working for now. We have a 12 unit portfolio that we self manage and are probably not using Buildium to its full potential. 

Being a smaller company every dollar counts and Buildium is becoming more expensive every year, as we scale maybe we will get more out of it..... 

Kind of rambling on here so to sum it up we do like Buildium in the capacity that we use it but we could probably find something comparable for free and we are still not sure if we will keep using Buildium when its time to renew our subscription.  

Like said in this thread, I believe that software selection really depends on what you need to get out of it. We are sticking with Buildium for now because it's working for us. That being said we do not use Buildium for bookkeeping or contractors. We mainly use it for tenant screening, rent collection, listing vacancies and communication with tenants. We use QBO for bookkeeping and manage contractors directly. 

Hey BP,

We are in negotiations on this immaculate 6 unit multifamily property which consists of a 3 Family house and 3 Mobile Homes. We have the property inspection on Saturday and think that it will go fine. The property is extremely well kept, many recent big Capex upgrades, has almost no deferred maintenance, long term tenants, almost a 0% vacancy rate, in a great location and room to raise rents to market value over time. The current owner has done an amazing job of record keeping on maintenance and repairs. He is looking to retire and cash out.

Our only reservations are with the Mobile Homes, we just don't know enough about them. This mixed style property is not in our wheelhouse, we usually just deal with MFH's but we see good long term value to be had here. We have looked up values and come up with some different/nonconclusive results. They are in good condition and on 8" reinforced slabs with proper tie downs, blocked and skirted, they all have pitched, shingle roofs. 

Any input on the value of these or where to get a fair and accurate value would be appreciated. These would remain park owned homes. The numbers in the calculations are from the owners books and seem to be accurate. 

Trailer #5 2006 Pine Grove Model G490 14x60

Trailer #7 2004 Pine Grove Model G490 14x60

Trailer #9 1988 Schult Model #6014-314 14x56

View report

*This link comes directly from our calculators, based on information input by the member who posted.

7 % is crazy. Shop around. I just got quoted 3.625% for commercial and 2.75% for a single family.

Hey BP,

We are in negotiations on this immaculate 6 unit multifamily property which consists of a 3 Family house and 3 Mobile Homes. The property is extremely well kept, many recent upgrades, has almost no deferred maintenance, long term tenants, almost a 0% vacancy rate, in a great location and room to raise rents to market value over time. The current owner has done an amazing job of record keeping on maintenance and repairs ( I will try to attach 1 of the documents he has provided)

Our only reservations are with the Mobile Homes, we just don't know enough about them. We have looked up values and come up with some different/nonconclusive results. They are on 8" reinforced slabs with proper tie downs and skirted, they all have pitched, shingle roofs. Any input on the value of these or where to get a fair and accurate value would be appreciated.

Trailer #5 2006 Pine Grove Model G490 14x60

Trailer #7 2004 Pine Grove Model G490 14x60

Trailer #9 1988 Shult Model #6014-314 14x56

View report

*This link comes directly from our calculators, based on information input by the member who posted.

Thanks,

Paul

Thank for all the feedback everyone!