Buildium
Buildium is an all-in-one property management software designed to help real estate professionals streamline accounting, leasing, and operations for residential and association portfolios through a unified digital platform.
TrustBooks
TrustBooks is a specialized accounting software designed for law firms to maintain compliance with state bar requirements through automated three-way reconciliations and simplified trust account management.
Quick Comparison
| Feature | Buildium | TrustBooks |
|---|---|---|
| Website | buildium.com | trustbooks.com |
| Pricing Model | Subscription | Subscription |
| Starting Price | $55/month | $79/month |
| FREE Trial | ✓ 14 days free trial | ✓ 14 days free trial |
| Free Plan | ✘ No free plan | ✘ No free plan |
| Product Demo | ✓ Request demo here | ✓ Request demo here |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 2004 | 2015 |
| Headquarters | Boston, USA | Charlotte, USA |
Overview
Buildium
Buildium provides you with a complete toolkit to manage every aspect of your property portfolio from a single interface. Whether you handle residential units, student housing, or community associations, you can automate your most time-consuming tasks like rent collection, vacancy posting, and maintenance tracking. The platform centralizes your data so you can stop jumping between spreadsheets and focus on growing your business.
You can easily communicate with tenants through a dedicated portal, run comprehensive background checks on applicants, and manage your books with built-in accounting features. It is designed to scale with you, offering specialized tools for property managers who oversee anywhere from 50 to 5,000 units. By moving your entire operation to the cloud, you ensure your team stays connected and your data remains accessible from any device.
TrustBooks
TrustBooks provides a dedicated solution for managing your law firm's trust accounting without the complexity of general-purpose software. You can handle complex requirements like three-way reconciliations and individual client ledgers with just a few clicks. The platform focuses specifically on keeping you compliant with state bar rules, ensuring your records are always audit-ready and accurate.
You can easily track every dollar entering or leaving your trust accounts while maintaining a clear separation from your operating funds. Whether you are a solo practitioner or part of a growing firm, the software automates the tedious manual entries that often lead to accounting errors. It integrates directly with your existing legal tools to streamline your entire financial workflow.
Overview
Buildium Features
- Online Rent Payments Collect rent and association fees automatically through a secure portal to eliminate manual check processing and late payments.
- Resident Center Give your tenants a dedicated mobile app where they can pay rent, submit maintenance requests, and receive community updates.
- Maintenance Management Track work orders from start to finish and communicate directly with vendors to resolve property issues quickly.
- Property Accounting Manage your entire general ledger, handle accounts payable, and generate detailed financial reports for your property owners.
- Rental Listings Syndicate your vacant units to major listing sites like Zillow and Trulia with a single click to find tenants faster.
- Tenant Screening Run credit, criminal, and eviction reports on applicants instantly to ensure you find the most qualified residents for your units.
- Owner Portals Share financial statements and performance reports with property owners automatically to build trust and maintain transparency.
- Electronic Leasing Send digital lease agreements for e-signature and store them securely in the cloud to close deals without meeting in person.
TrustBooks Features
- Three-Way Reconciliation. Generate automated reports that reconcile your bank balance, book balance, and individual client ledgers instantly.
- State Bar Compliance. Maintain records that automatically adhere to your specific state bar's strict trust accounting and record-keeping rules.
- Individual Client Ledgers. Track every transaction at the client level so you always know exactly how much each person has on deposit.
- Bank Integration. Connect your bank accounts to import transactions directly, reducing manual data entry and preventing human error.
- Online Payments. Accept credit card and eCheck payments from clients directly into your trust or operating accounts.
- Conflict of Interest Checks. Perform quick searches across your entire database to identify potential conflicts before taking on new matters.
Pricing Comparison
Buildium Pricing
- Accounting & Reporting
- Maintenance Management
- Resident & Owner Portals
- Standard Tenant Screening
- Online Rent Payments
- Email Support
- Everything in Essential, plus:
- Unlimited eSignatures
- Property Inspections
- Onboarding Support
- Live Phone Support
- Performance Analytics
TrustBooks Pricing
- 1 Trust Account
- Unlimited users
- Three-way reconciliations
- State bar compliance reports
- Bank integration
- Email support
- Everything in Standard, plus:
- Unlimited Trust Accounts
- Operating account management
- Advanced reporting
- Priority support
- Custom chart of accounts
Pros & Cons
Buildium
Pros
- Intuitive interface makes it easy to navigate daily tasks
- Excellent customer support with responsive live assistance
- Comprehensive accounting features replace the need for QuickBooks
- Tenant portal significantly reduces manual rent collection efforts
- Frequent software updates based on user community feedback
Cons
- Initial setup and data migration can be time-consuming
- Additional fees for certain features like electronic leases
- Mobile app for managers has fewer features than desktop
TrustBooks
Pros
- Simplifies complex three-way reconciliations significantly
- Excellent customer support tailored to legal needs
- Intuitive interface designed specifically for non-accountants
- Seamless integration with popular practice management tools
Cons
- Limited general business accounting features
- Higher price point than generic accounting tools
- Mobile experience is less robust than desktop