Buildium is a cloud-based property management software that stands out for its included accounting tools. We found it handles everything from automated bookkeeping and collections to full-scale accounting, including 1099s. This makes it a good option for larger rental management companies.
Buildium is most cost-effective for businesses managing at least 20 units, whether those are residential, commercial, community associations, affordable housing, or student housing.
While the tenant onboarding and rent collection features could be more user-friendly, Buildium’s scalability and free marketing website make it a strong contender. Smaller businesses and sole property managers may feel neglected due to the lack of live support in the basic plan and extra charges for certain features.
NetSuite is known in the ERP world for its customization and scalability. With both accounting and supply chain management capabilities, it offers out-of-the-box functionality on a mature, cloud-native design. Its ability to integrate with eCommerce platforms, point-of-sale apps, and more, makes it a very versatile solution.
NetSuite is may not be the best fit for startups due to its complexity and lack of field service management and heavy manufacturing support. Its main downsides are its tedious setup process, difficulty in building reports, and lack of equipment management and field service management features.
Buildium and NetSuite serve vastly different market segments. As a result, if you’re in the market for a versatile, scalable ERP solution, NetSuite is likely your best bet. Its robust features and extensive customizability make it a powerful tool for businesses of all sizes.
However, for those specifically looking for an effective property management system, Buildium’s comprehensive accounting tools and scalability make it a more suitable choice.
To explore more options and find the solution that best fits your needs, check out our roundup of the best ERP software.