Honey Badger review and comparison v2.0 Property Management
1. HONEY BADGER
Review and Comparison of Honey Badger, AppFolio, Propertyware, Buildium & Yardi
This material is strictly confidential and is Limited to Client and Residential Capital Management. This material may not be circulated to any third party, without
prior approval from Residential Capital Management.
22nd December 2015
Report Version 2.0
3. Executive Summary
Objective
“To evaluate the capability level of Honey Badger Property Management solution in comparison to the
industry’s top rated software solutions”.
An industry research helped determine the key features of an ideal property management solution and
identified the key products currently leading in the market. A framework for these features and products
was generated for a detailed comparison of their features.
Based on the findings from the research, the following products were short-listed and used for a one to one
comparison for each of the key property management feature.
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4. User Portals
Vendor Portal
Owner Portal
Tenant Portal
3rd Party Portals
Property Management Categories & Features
Based on the research on numerous property management products, the features identified in the
comparison matrix are categorized into 5 areas:-
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Management
Dashboards
Property & Portfolio Management
People Management
Rental Billing & Payments
Basic Maintenance Module
Configuration & Settings
Mobile Inspections
Marketing
Professional Website
Vacancy Advertisement
Online Rental Application
Online Rental Agreement
Tenant Screening
SEO, Social & SEM
User Experience
Integration Possibility
OS Compatibility
Mobile Device Compatibility
Usability & Security
Accounting
Financial
Reporting & Budgeting
5. Feature Highlights
The below blocks provides a high level overview of the key highlights & distinctive features of the 5
property management software solutions:-
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Honey Badger
● Self-Showing during Leads Visits
● Dedicated Maintenance Module
● Centralized User Interface & Control
● Structured Lead Management
● Customized User Portals & Integrations
● Extensive Syndication
● Full fledged Accounting
● Responsive and User Interactive UI
AppFolio
● Extensive Accounting and Reporting
Capabilities
● Marketing Management & Real-Time
Tracking
● Rent Comparison matrix
● Ratio Utility Billing available
Yardi
● Excellent Marketing and Analytics
● Revenue Management Support
● Budgeting & Forecasting
● Payments via Text Message
● Excellent Screening Capabilities
Buildium
● Extensive Accounting Features
● Social Media Integration
● Cost Effective Compared to the other
property management software solutions
Propertyware
● Marketing Management
● Outlook and Google calendar sync for
scheduling appointments
● Option to customize fields
● Drag & Drop Dashboard Widgets
6. Technology Analysis & Research
Short-Listing Software Solutions
As part of the research, 4 of the most popular property management software solutions were shortlisted and reviewed to
compare them alongside HoneyBadger. A feature wise review of the short-listed products were performed and each
product was then rated on a scale of 1 -9 (1 Equal Capability, 5 Strong Capability and 9 very Strong Capability. ) for each
of the key features identified during the research.
Pairwise Comparison using AHP Priorities (Analytic Hierarchy Process)
Evaluating the findings from the research and scoring the factors such as usability and feature wise capability required a
comprehensive and methodical approach. The strategy behind using this approach was to convert these evaluations into
numerical values that can be processed and compared to determine the overall rating of each software solution under
review.
This is achieved by using the Analytic Hierarchy Process which is a structured technique for organizing and analyzing
complex decisions, based on mathematics and psychology. This technique has been used in this research to do a
pairwise comparison to measure the individual feature wise capability rating of each software solution.
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7. Overall Product Rating
Overall Software Rating
Based on the data gathered from the research,
the key features were marked and
formulated using the Analytic Hierarchy
Process (AHP).
Collaboration of the values acquired from the
AHP review allowed to determine the
feature wise capability levels of each
software.
The review resulted in Honey Badger
marginally leading on the scale closely
followed by Yardi,AppFolio,, Buildium and
Propertyware.
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8. Category Ratings of Products
Category Ratings
The basic features of a Property Management solution are categorized into 5 categories. The chart below shows a
breakdown of how each software product scale up on these categories.
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9. Category Ratings of Products Cont.
Usability, Compatibility & Security
All four products are secure and compatible across devices and Operating Systems while HoneyBadger , AppFolio, & Yardi slightly has a
better user interface and thus scores marginally higher in Usability .
Accounting
Appfolio & Yardi leads the section with an impressive accounting module with extensive reporting, analytic and revenue management
capabilities followed by Honey Badger with a full fledged accounting package including Budgeting, Trial balance, Ledgers,
Delinquency calculation, check printing and track accounts in cash & accrual methods. Buildium and Propertyware are trailing closely
behind.
Marketing & Leasing
HoneyBadger delivers rich lead management and auto syndicates with controlled and real time marketing that tops the list closely
followed by Yardi & Appfolio.
User Portals
Honey Badger with its extensive & exclusive portals for Tenants, Owners, Vendors and 3rd Parties lead the scale in this section closely
followed by AppFolio, Buildium.
Management
Honey Badger provides users with user specific dashboards, extensive people management, maintenance, billing and payment making it
the heavy favorite in this section. Honey Badger also provides an industry independent Maintenance Module focusing precisely on
Maintenance and Work Order Management requirements. Propertyware provides an independent module called “Maintenance Plus”,
and Yardi provides “Yardi Advanced Maintenance” with similar capabilities. 9
10. Honey Badger Key Selling Points
Dedicated Maintenance Module
Honey Badger extends its Maintenance Management capabilities to another level with a feature rich Dedicated Maintenance Module. The dedicated
maintenance module provides Ticket Generation, Map based Work order Assignment, Work Order Progress Tracking, Real-time monitoring of Vendors,
Scheduling, Invoicing and Notifications. The add-on is highly versatile meaning it is industry independent.
Lead Management
Industry best lead harvesting and lead management tools for agents through dedicated mobile leasing application . All-encompassing Lead management
activities ranging from harvesting from a syndication partner to deal closure is made easy with Honey Badger. Instant notification of activity in Real Time
via email or text messages for Property Managers, Leasing Agents, and Prospects to speed up lead closure process.
Intelligent auto decision making based on heavy built -in business rules and programmed instructions that are triggered by inputs and then application
makes contingent choices. Few built-in logic being:
• Auto removal of property from vacant listing once security deposit has been paid by applicant
• Automatic status change of other deals linked to a property, if holding fee is refunded
• Automated deal status change and data update on receiving payment online.
Extensive Syndication
Two way syndication with Transunion(Screening), Zillow, Rently, IVR (Ifbyphone), Mobile apps and GreatSchools.
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11. Honey Badger Key Selling Points Cont.
Centralized Interface
Provides extensive and detailed focus on different verticals of property management such as Leasing, Rental, Lead Management, Maintenance, Accounting
and so on.
Customized portals & Integrations
Honey Badger provides individual portals for Tenant, Owner, Vendor and 3rd Party users. It further facilitates integration with various 3rd party softwares
like IVR, Zillow and so on including mobile apps.
Self-showing during Lead Visits
Honey Badger provides the option to unlock the properties for Lead visits remotely using mobile thus enabling Self-Showing without the need of a property
agent being present on site.
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Additional Features HoneyBadger Yardi Appfolio Buildium Propertyware
Syndication of vacant listing to various
sites
Full Accounting Software
Systematic Lead management module
Independent Owner & Vendor portal
Mobile application integration
Dedicated Maintenance Management
Feature Comparison Matrix
13. Upcoming Features
• Full fledged maintenance mobile app for vendors
• Sync Google calendar to view vendor availability
• Auto maintenance scheduling by system
• Standalone property listing site to harvest leads for
any real estate company
• Resident mobile app to carry out online payments,
track maintenance etc.
• Card reader on mobile device to swipe and receive
payment
• Customize and Monitor marketing of vacant properties
• Survey feedback customization and finger sign for
residents to sign off work
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• Owner and Vendor ACH (Online payment)
• E-check payment
• Tenant Liability Insurance
• Ratio Utility Billing System
• Online Lease agreements for quick conversion of
lead to tenant
• Mobile Inspections
• Setup Tax authority and calculate tax payments
• Customizable rental application form
• Social communication
• Generate data for 1099
Below is a list of all the features planned to be included in the upcoming release/versions;
14. Wish list
Based on the industry research and comparison alongside the leading property management software
products, below are a list of features that are not available in Honey Badger:-
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• Rent Comparison Tool
• RUBS - (Ratio Utility Billing)
• Speech to Text Compatibility
• Tax Filings
• Social Media Integration
• Blog & RSS Feed Compatible
• One Click to convert to Tenant
• Online Lease Agreement
• e-Sign Lease Agreement