Atlanta AppFolio meetup 2/14/2013
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AppFolio vision, best practices and, industry trends. Coverd in the Session - Maximize your use of time and money-saving features. - Learn why property managers are converting to AppFolio. - Learn about upcoming product features.
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Atlanta AppFolio meetup 2/14/2013
- 1. Atlanta, GA February 14, 2013 - 11:45 AM
- 2. The Team Here Today Grant Wolfe Account Executive - Regional Brian Deignan Regional Director Sean Hoyle Colin McCoy Account Executive, National Customer Success Manager
- 7. AppFolio Valentine “We love AppFolio's integration with our website because we can update our vacancies instantly.” Kim & Scott Hampton, Owners Hampton Management & Leasing (FL) “I love AppFolio. It has saved me so much time, its really unbelievable. In fact, each day I find something else that is new and a time saver!” Rhonda Belous, Owner “We love the mobility of web-based software. We can Whitestar Management (CA) access our information from anywhere and we all do.” Michelle McLinden, Owner Real Estate Management Group (MT) “My staff loves AppFolio. I don't know how we functioned without it.” Robert M. Locke, Owner Crown Realty & Management (GA) “I talked to 5 or 6 business owners who were just in love with AppFolio, so I investigated AppFolio and fell in love with it myself.” Duke Dodson, President “You are the Google of online property management Dodson Property Management (VA) software. I love your product.” Kathleen Richards, Owner Portola Property Management (CA)
- 10. Agenda Your Feedback Payment Solutions and Other Services Hidden Features Coming Soon! Have Some Lunch and Meet Some Friends
- 11. The Product Development Process How AppFolio features are conceived • We listen to our Users’ Feedback • Follow Market Trends • Innovate The building process • Share findings with the development team • Build a feature and test it with clients • Make updates if necessary
- 12. Your Feedback is Key! Feature Requests 5,500 received in 2012 User Forum 6,000+ posts to date Usability Tests and Validation Calls 600+ in 2012
- 13. Features of 2012
- 14. Thank You! Most Number of Feature Requests submitted by: Crown Realty & Management Corporation Flournoy & Calhoun Realtors Most Forum Posts made by: Riviera Property Management
- 16. Industry Stats 15% 2% 15% 68% Check ACH Credit Card Cash or Money Order
- 17. Rent Payments – what is changing? WSJ says - 70% of Americans who accessed the internet in Q2 made an online purchase Buysight (internet research company) says - 88% of Americans made a purchase online in the past 12 months 80% of shoppers are between age 33-44 Brian says - How many checks have I written in my life?
- 18. The Old Days
- 19. The Bank
- 20. Cost Cost Of Handling A Paper Check
- 21. Scanning
- 22. The Story The 90’s called… they want their scanner back
- 23. AppFolio E-Check Always Free!
- 24. Comparison Industry AppFolio AppFolio 0% 0% 12% 12% 15% 2% 28% 15% 53% 35% 68% 60% Check ACH Credit Card Cash or Money Order Checks Check AppFolio Online ACH Credit Card Credit Cards Cash or Money Order Money Order Cash or
- 25. Credit Cards Available Now!
- 26. Credit Cards Coming Soon!
- 27. Industry Stats AppFolio 0 12% 15% 2% 26% 15% 68% 62% Checks Check ACH AppFolio Online Credit Card Cash or Money Order Cash or Money Order
- 28. PayNearMe
- 29. How It Works No NSFs!
- 30. Coverage
- 31. AppFolio Payment Services 0 0 0 12% 26% 74% 62% Checks Checks AppFolioAppFolio Online Online Cash or Money Order
- 33. Your Rent Week…
- 35. Resident Screening Our reports are… Built In no separate login or duplicate entry Instant Results get your screen in 60 seconds Easy to Read Simple Storage Auto attached and stored in APM
- 36. Coming Soon…
- 37. Resident Screening Pricing
- 38. Professional Websites Website Features • Purpose-Built for Property Management • 100% integrated with AppFolio Property Manager • Custom website URL for your company • Variety of styles and colors to choose from • Basic Search Engine Optimization (SEO)
- 39. Professional Websites Advanced Features • Individual sites customized for each property, including image galleries and floor plans • Mobile version of site(s) • Google Analytics for tracking site metrics, traffic and visitors • Social media integration, including Facebook, Twitter and more • Blog
- 40. Professional Websites Plus
- 42. AppFolio Insurance Services Requiring Insurance Apartment Firms Requiring Tenant Insurance Annual NMHC ACOR Survey
- 43. AppFolio Insurance Services Why are we seeing this trend? • Transfer risk away from owners • Gain ability to recover repair cost for damages • Increase owner’s profitability o Reduce expense of resident caused damage o Reduce property insurance rates (MFR) • Competitive advantage for fee managers
- 44. AppFolio Insurance Services Tracking Tenant Provided Insurance StateFarm #8890011 12/31/2013
- 45. AppFolio Insurance Services “ What customers are saying: Keeping track of all our tenant policies and enforcing our insurance requirement used to be a big headache, but with everything managed right in the AppFolio software it’s just so easy to mandate renters. We now have the confidence that every unit in our portfolio is protected. Pricing
- 46. Using AppFolio Value Added Services One Underwriting Process for ALL Services Payments Screening Insurance
- 47. Hidden Features
- 49. RUBS
- 50. Mobile Apps iPhone Android
- 52. Direct Connect Expedite the bank reconciliation process Reconcile on a more regular basis Allow AppFolio to match transactions View warnings for transactions that have not been found
- 54. RentMatch
- 56. Customizing Apps
- 57. Help & Training
- 58. Help Resource Center help.appfolio.com Full Resource Center • Recorded trainings (65+) • Downloadable resources • Live Training registration • Online help file • Submit support requests
- 59. User Forums: Share and Succeed Together Online Community • Others best practices • AppFolio participation • Feature discussions • Accounting section • Tips & Tricks • Read, learn and contribute
- 60. Support Team: There for You support@appfolio.com
- 61. Questions?
- 62. Not a Customer Yet? •Talk to Someone Here •Ask Questions •Make Friends
- 63. Thank You!
Editor's Notes
- We’ve had the pleasure to work with thousands of [property management companies] / [investors] over the years and it’s really been exciting to watch the changes in our industry and help our customers stay ahead of market trends. + In 2011 over 1 million renter households were added. We see news articles everyday that showcase renting as the new American dream – rents are increasing and vacancy rates are going down. + This is all great news for companies like yours but the truth is that this new generation of renters has different needs and everyone, from residents to investors expect more from you and your business.
- And your challenge is to meet the changing needs of owners and residents while you stay ahead of the competition, grow your business and become more profitable….all in less time every day!And this is exactly why we created AppFolio Property Manager.
- The modern renter wants and expects to communicate online. + They use the Internet to search for their next home - from Craigslist to your website they will find, research and ultimately apply for the home online. + Once a resident, the preference is to pay rent online, submit maintenance requests and communicate online. Making it easy to communicate and stay connected is directly tied to your resident retention and occupancy rates, along with (BUSINESS GOAL)that you mentioned on our last call.Residents aren’t the only ones who have higher expectations.
- Owners and Investors expect more too. They want….To receive payments online -- the money gets there faster and you save valuable time as well. Online access to property information, reports and statements so they stay connected to their investments.Unique branding for properties with even better marketing that stands out from the crowd.They want insurance that protects their investments from accidental damage.They also want you to find the highest quality residents and fill vacancies fastBased on what I have learned about your company so far this will be important to your business along with (BUSINESS GOAL)
- And this combination of great product and service really has been the foundation of our fast growth. Our flagship product is focused on the property management industry and is used by thousands of property managers and owner operators across the US. Our team is very experienced at building successful Software as a Service products that are innovative and meet the needs of the modern property management company. Our customers have the highest adoption rate for online rent payments in the industry and we’re the only provider to include Ratio Utility Billing and ACH for free.
- -We gather Users’ feedback via feature requests, forum, calls
- That averages to 1.2 new features a weekThese features don’t include the ongoing infrastructure and security work to ensure that we’re reliable and available 99.99% of the time.
- AppFolio’s report:Full credit reportFICO scoreNationwide eviction searchNationwide criminal (optional) (includes OFAC, sex offenders, Interpole)Soon to include RentBureau rental history information as well$10 basic or $15 with criminalMajor advantages: built in creates significant time savings, often less expensive
- We have a new partnership with ERB.RentBureau allows PMs to report rent payment history to Experian. There’s a benefit to good tenants – their on time rent payments help them build good credit history.Plus PMs who participate report fewer skips and collect more successfully because RentBureau makes it harder for a bad tenant to find a new place.Another totally free service for customers using AF screening, there’s no extra work because rent payment info is automatically provided to ERB from your AF database
- Sign up and you can instantly grant a tenant a basic liability insurance for less than $10 a month. So when a new tenant shows up to sign a lease without their proof of insurance you can easily (and always) keep your property protected – enroll with the click of a button. This is a great service to market to owners, it saves claims on their property insurance – or covers the deductible in more serious incidents.
- • Hot topics right now• Article Sept 2012 multi Housing News – find on their website• One quote: “Requiring insurance is a best practice that will one day be an industry standard” • NMHC survey of 50 largest apartment firms • Most common limit is $100K• Early Adopters: Large Communities, Owner Operators, Student Housing
- It is all about the bottom line
- Tracking 3rd Party Coverage