AppFolio, which states its has greater than 20,000 property administration prospects, acquired residence administration and companies concierge LiveEasy as a part of its new method to offering for renters.
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Condo business software program firm AppFolio has launched FolioSpace, a brand new product it’s calling “a next-generation resident experience” that enhances the expediency, high quality and worth of interactions between residents and property managers, based on an Oct. 23 press launch.
The corporate, which states it has greater than 20,000 property administration prospects, additionally introduced it has acquired residence administration and companies concierge LiveEasy as a part of its new method to offering for renters. LiveEasy began as a relocation administration answer and advanced right into a extra well-versed way of life companies software.
“By vertically integrating LiveEasy and offering its services as part of FolioSpace Resident Onboarding, AppFolio will reduce the stress of moving, deliver increased convenience, and save renters time and money,” the discharge said.
FolioSpace is constructed to derive extra worth from the renter’s occupancy expertise beginning on the software stage, which can embody quicker decision-making as a consequence of extra correct and complete knowledge verification and processing.
Authorized tenants can count on a contemporary onboarding and move-in as a consequence of a “configurable digital checklist to streamline leasing and welcome new residents” and, by the brand new LiveEasy integration, “access to savings and dedicated support in setting up their utilities, internet and cable, and moving services.”
The Resident Companies Market will present customers with a vital vendor database whereas the all-new Resident Inbox affords a hub for property communications, during which upkeep requests, leasing questions, fee insights and different wants will dwell for the resident.
The brand new companies may also rely partially on Realm-X, AppFolio’s end-to-end multifamily housing working system designed to flatten and combine the numerous day by day actions confronted by institutional residence house owners. It additionally works with personal landlords and might scale to serve administration workplaces of all sizes.
Realm-X contains personalised automation on the particular person degree, based on Will Moxley, senior vice chairman of product at AppFolio. In a June 2024 assertion upon its launch, he known as it “an additional pair of hands.”
“Our early customers recognize Realm-X as a strategic advantage that streamlines their daily operations, freeing up time to reimagine how they want to run things in the future,” Moxley stated. “And right now, it’s allowing them to sustain their growth while improving the productivity of every team member.”
Venkatesh Ganapathy, CEO of LiveEasy, which began as MoveEasy, stated within the launch that his firm’s mission overlaps with its sale.
“LiveEasy’s mission is to provide surprisingly simple moving and living experiences that combine technology and human touch for renters and homeowners,” stated Ganapathy. “With AppFolio’s commitment to innovation and expansive footprint, we believe this combination will propel that mission and enable us to exceed the expectations of both current and new customers.”
Inman reviewed LiveEasy, then MoveEasy, again in 2017 and all through its evolution. The corporate was lauded for the digital efficiencies it utilized to one of the emotional features of homebuying — shifting.
“Among other things, the product follows homeowners beyond the relocation with consistent updates and offers information on insurance services, mortgage refinance, home security, home management tasks and even internet service providers. It also helps keep agents in touch with customers over time and prepares users for their next move. MoveEasy has in place a number of national brokerage relationships,” the evaluation stated.
AppFolio’s progress throughout the area displays a larger development in multifamily-focused software program funding, possible a results of the single-family market’s plodding course correction. This 12 months’s gross sales quantity appears to be notably low, based on Fannie Mae’s newest forecast. In flip, Redfin reported renters are leasing for longer.
To enhance the standard of keep over time and guarantee renewals, landlords and property managers are turning to tech, like AppFolio.
“We envision a world where living in communities feels magical and effortless, freeing people to thrive,” stated Chris Womack, chief progress officer of AppFolio. “By welcoming LiveEasy and enhancing AppFolio’s one powerful platform through FolioSpace, we are taking an important step on our journey of delivering exceptional value and experiences to our property management customers and the residents they serve.”
