November 19, 2019
Reinventing property management
Property managers wear many hats. From vacancy marketing and rent collection to smart locks and maintenance requests, they are responsible for every aspect of the tenant life cycle.
Building Stack exists to help them build a sustainable business and offer the best possible experience to tenants. The Montreal-based company is an all-in-one property management platform that automates daily workflows and delivers innovative functionalities.
Today, Building Stack is used by property managers to administer 100,000 units across Canada and the United States. And that number is growing fast. In 2019 alone, the number of units managed through Building Stack has increased by 190%.
To be an effective solution for property managers, Building Stack needs to offer an excellent payments experience for tenants. But their previous provider wasn’t up to the job. They couldn’t connect to enough banks, and they didn’t have tools to prevent NSF/overdraft fees.
That’s why Building Stack switched to Plaid. Compared with the previous provider, Plaid connects to 400% more customer bank accounts. In addition, Plaid helps them prevent more than $36,000 in credit card fees and NSF fees every month. That’s $432,000 per year.