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Real Estate Accounting Software Comparison – Buildium, AppFolio and Yardi Voyager
Real Estate Accounting Software Comparison – Buildium, AppFolio and Yardi Voyager

May 29, 2023

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Real estate accounting software makes life easier for real estate professionals. They help manage multiple properties, handle complex lease agreements, and deal with a range of financial and compliance requirements.

However, finding the right real estate accounting software for your business is not always easy. You need to consider a plethora of functions and factors, which can be overwhelming. But since the software can significantly transform your business, you must put in the required time and effort in making your pick.

The three most popular real estate accounting software today are:

  • Buildium
  • Appfolio
  • Yardi Voyager

 

All three software are highly rated and great at what they do. But which one will best suit your needs?

To make your choice easier, we’ve outlined the main features of all three software below, along with their pros, cons, and pricing. Once you identify the features that are most useful for your business, you will be able to make an informed decision.

Buildium Vs Appfolio Vs Yardi Voyager: Product Description

Buildium, Appfolio and Yardi Voyager are all real estate accounting software, but they differ in their functions.

Buildium

Buildium is a cloud-based property management software that provides accounting, communication, and task management tools for property managers. It allows real estate professionals to track rent payments, manage maintenance requests, and screen tenants, among other things.

AppFolio

AppFolio is another cloud-based property management software similar to Buildium but with additional capabilities such as lead tracking, digital leases, and advanced performance insights. AppFolio also provides a mobile app making it easy for property managers and tenants to access information on the go.

Yardi Voyager

Yardi Voyager is a more comprehensive property management solution that includes asset management, investment management, financial accounting tools, and property management features. It is designed for enterprises that manage a large portfolio of properties. Yardi Voyager provides a wide range of functionality to manage all aspects of real estate operations.

Buildium Vs AppFolio Vs Yardi Voyager: Features Comparison


Basis of Comparison

Buildium
 

AppFolio
 

Yardi Voyager
 
Ideal Company Size Small, Medium, and Large Small, Medium, and Large Medium and Large
Deployment Supported Cloud Cloud, On-premises Cloud
Business Operations – Mobile-responsive resident site
– Owner Portal
– Maintenance request tracking
– Property Inspections
– Homeowner’s violation tracking
– Owner Portal
– Vendor Portal
– Resident Portal
– Online maintenance requests
– Work order management
– In-house maintenance
– Mobile inspections
– Curated integrations
– Owner Portal
– Vendor Portal
– Resident Portal
– Property Inspection
– Maintenance Management
– Document Management
– Asset Management
– Supports integration with external solutions
 
Accounting & Payment Features – Property accounting
– Company Financials
– Online Payments
– Retail Cash Payments
– 1099 eFiling
– Online Payments
– CAM Tracking & Reconciliation
– Automated AP
– Corporate Accounting
– Revenue management
– Real-time flexible reporting
– Online or mobile payments
– Integrated database
– Automated invoicing
– Compliance with GAAP and IFRS standards
– CAM Tracking & Reconciliation
– Inter-company accounting
– Customizable Reports
Leasing Features Renters Insurance
Accept rental applications.
Rental Listing
Tenant screening
eSignature for Leasing
Online lease
AI leasing assistant
Vacancy Dashboard
Virtual showing
Leasing Metrics Dashboard
– Control all leasing workflows
– Real-time tracking to match prospects with vacant units
– Resident screening
Marketing & Business Performance – Lead search
– Lead alert notifications
– Onboarding assistance
– Professional website for property managers
– Premium Leads
– Professional website for property managers
– Advanced performance insights
– Unlimited leads follow-up
– Real-time performance analytics
Other Distinguishing Features – All portfolio mixes (single, multi families, or commercial properties)
– No minimum unit cost
– Configurable workflows
– Mobile App
– Auditing Center
– Full residential property management solution including senior housing, Condo, Co-op, military housing, social housing, and student housing
– Full commercial property solutions, including ports, airports, parks, recreation, and government property
Pros – User-friendly interface
– Comprehensive feature set
– Customizable reports and templates
– Tenant and owner portals for easy communication
– 24/7 customer support
– User-friendly interface
– Comprehensive feature set
– Mobile app
– Good Customer support
– Comprehensive feature set
– A high degree of customization
– Strong mobile functionality
– Integration with a wide range of third-party software and services
– Excellent customer support
Cons – Limited customization options
– No direct integrations with third-party accounting software
– Limited options for online payments
– Lack of automation for certain tasks
– Limited customization
– Higher price point compared to some competitors
– Limited integrations with third-party software
– Steep learning curve for some features
– High price point compared to some competitors
– Steep learning curve for some features
– The interface can be complex and overwhelming for new users
– Limited support for small-scale property management operations
– Requires significant investment in training and implementation
 
Support – Help Desk
– FAQs/Forums
– Email support
– Phone support
– Live Chat
– Help Desk
– FAQs/Forums
– Email support
– Phone support
– Live Chat
– Help Desk
– FAQs/Forums
– Email support
– Phone support
– Live Chat
User Rating 4.4/5 4.5/5 3.9/5
Pricing – Essential starting at $52/mo
– Growth starting at $166/mo
– Premium starting at $479/mo
– Core starting at $1.40 per unit/per month (minimum monthly fee $280)
– Plus, starting at $3 per unit/per month (minimum monthly fee $1500)
– Starts roughly at $250 per user per month
– Prices differ according to each company’s specific needs

Which Software Should You Choose?

Buildium or Appfolio may be better if you have a small-scale operation, as they offer more affordable pricing and simpler interfaces. While Appfolio has an intuitive user interface and comprehensive features, Buildium is best known for its accounting and reporting capabilities.

On the other hand, Yardi Voyager may be ideal for larger enterprises, as it offers a higher degree of customization and functionality. However, it also comes with a higher price point and a steeper learning curve than Buildium and Appfolio.

Ultimately, the right choice of accounting software depends on your specific needs and the budget of your real estate business. 


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OHI is a specialized finance and real estate accounting outsourcing service provider with operations out of New Delhi (India) since 2006 and having a representative office in New York and California We have strong functional outsourcing expertise in end to end accounting processes covering routine accounting activities (AP, AR, GL, Recos), payroll, month end closing and reporting, and year-end finalization processes. Our team also has rich experience in financial modeling, financial analysis, business research and business plan formulations.

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