AppFolio Review

AppFolio
Product:
Vendor:
Founded:
Headquarters:
AppFolio
AppFolio
2006
Santa Barbara, CA
Ownership:
Customers:
Deployment Model:
Free Trial:
Public
14,000+
Cloud
Yes
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AppFolio At A Glance

Good: Includes tools for managing student housing.
Bad: Pricing is set at a minimum regardless of the number of properties.
Bottom Line: AppFolio makes it efficient for owners to automate and quickly process property needs.

Product Overview

AppFolio is a hub where property managers can connect property owners with the documents required for maintaining property. It also streamlines communication and shows maintenance costs up front.

For agencies that oversee a range of real estate, AppFolio tracks processes so renters and owners are on the same page.

Features

We’ve chosen the following five features to best describe AppFolio’s strengths:

  1. Owner portal: Clients are able to customize owner portals so that upon logging in, owners have instant access to a dashboard for invoices, work orders and financial reports. The solution allows users to communicate and send information online rather than through the mail, and it supports direct deposit.
  2. Online rent payments: Tenants can easily pay rent online through a credit card, e-check or electronic cash payment. Bills are automatically generated, saving your team time each month, and a history of payments is saved.
  3. Vacancy posting: With all property information in one place, clients are able to quickly post vacancies across websites to amplify their reach, including Oodle, Rentals.com, Apartments.com, Zillow, Trulia and Craigslist. A premium AppFolio service helps keep occupancy at 100% by providing higher quality renter leads for $10 each.
  4. Professional website: Post vacancies and accept applications while attracting traffic directly to your business. For a one-time fee of $1,000 and an additional $50 per month, clients receive a custom corporate website built for attracting renters. It’s mobile responsive, has a blog component and comes with a Google Analytics account for monitoring traffic and more.
  5. Work-order tracking: Owners are able to both accept work order requests and follow up with maintenance vendors within the solution. Using the tenant portal, owners can track how long maintenance takes and create invoices.

  • Accounting & Financials?
  • Lease Management?
  • Maintenance Management?
  • Mobile?
  • Owner Portal?
  • Rental Listings?
  • Tenant Portal?

Target Market

AppFolio is the best fit for commercial and residential owners, marketing teams, maintenance teams and accounting teams. Here’s 10 sample clients AppFolio serves:

  • GSF Properties, Inc.
  • Hanes Properties
  • Cadman Group Inc
  • Concept Property Management, Inc.
  • The Property Management Group
  • Bennett Management Company
  • Nest DC
  • Glenn Martin Company
  • McCombs Commercial Realty, LLC
  • Winfield Property Management

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Choosing aa Property Management Solution is all about finding the right fit. Our report will walk you through the process and help you make a smart purchasing decision. Download Now

Implementation/Integration

AppFolio assigns an Implementation Manager and Specialist for the implementation process, which starts with making a kick-off call, checklist and ongoing plan. Data migration services are included for transferring data from your existing system.

Accounting software is included within the solution, so it doesn’t integrate with solutions such as QuickBooks.

As a cloud-based solution, upgrades are included in the ongoing monthly price.

Customer Service & Support

Dedicated customer support, forums and various help channels are accessible to clients.

The following are additional services AppFolio offers. Prices are listed on AppFolio’s website:

  • Website building with the ability to create a blog and mobile site
  • Tenant liability insurance
  • Sending tenant debt collections to an agency
  • Resident screening services for credit, nationwide eviction and criminal record
  • 24/7 contact center answering service
  • Upgraded listings for accepting leads
  • Revenue management services

Pricing

The solution has four pricing platforms, including residential , homeowners’ association (HOA), commercial and student housing. Discounts are available with annual billing, however the pricing structure requires a minimum of $250 monthly fee. AppFolio also has an onboarding fee based on your portfolio size, with a $400 minimum.

  • Residential – $1.25 per unit / month
  • HOA – $.80 per unit / month
  • Commercial – $1.50 per unit / month
  • Student Housing – $1.25 per unit / month

AppFolio includes training, support, and ongoing upgrades for users within the pricing package.

Shortcomings

A downside to AppFolio is that it has a minimum subscription cost, so property managers with fewer properties must still pay the base price.

Screenshots

AppFolio Screenshot 1
AppFolio Screenshot 2
AppFolio Screenshot 3

About

AppFolio provides cloud-based software for property management as well as legal practice management with the solution MyCase.

The company was recently awarded one of the “Best Places to Work in 2016” in the small and mid-sized business (SMB) category by Glassdoor.

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