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Gaining a Competitive Edge with AppFolio: A Case Study on Pelican Property Management
Pelican Property Management, a Baltimore-based company managing a large portfolio of homeowners associations across Maryland, faced significant challenges in its early days. The company, which started with just 6 doors, struggled with inefficient software solutions that were 'horrible' and 'lacking innovation', according to Jordan Levine, Co-Founder of Pelican Property Management. The lack of a robust and efficient software solution was hindering their growth and ability to manage their increasing portfolio effectively. The company needed a solution that could streamline their back-end accounting and front-of-house management processes, provide them with a competitive edge in acquisitions, and enable them to offer additional services to their communities.
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RCP Community Management's Growth and Community Strengthening with AppFolio
RCP Community Management, a family-owned business managing community associations in Arizona, was struggling with their existing software solutions. They had tried various systems, including one developed by their President, Kevin Bishop, but none of these allowed them to manage their entire portfolio on a single platform. The transition to one of these systems, Caliber, was so complicated that it led to the resignation of all their administrative employees. They were unable to communicate efficiently with homeowners, which was a significant challenge given their goal of improving living conditions in neighborhoods. They needed a solution that was easy to use, could handle all their needs in one place, and would not lead to employee dissatisfaction or turnover.
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Efficiency and Customer Service Enhancement at Red Rock Realty Group with AppFolio
Red Rock Realty Group, a full-service real estate, property management and investment company based in Birmingham, Alabama, was facing several operational challenges. The company was struggling with its previous software, which was cumbersome and difficult for new employees to learn. The process of pulling ledgers and reports for day-to-day operations was complex and time-consuming. Additionally, the company was dealing with a disorganized paper-based system for managing files, leases, and communication with residents. This led to missing files, lost leases, and untraceable communication. The process of processing rent payments was also laborious, taking up to five days of work. The company also had issues with tracking work orders, which were done on paper and often missed or dropped. Lastly, the process of posting new and upcoming rentals to their website was delayed and cumbersome.
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Streamlining Property Management: A Case Study on Shaw Real Estate and AppFolio
Shaw Real Estate, a property management company based in Wilmington, NC, was facing significant challenges in managing its growing portfolio of over 470 multifamily and single-family units. The company was struggling with software solutions that were difficult to use and lacked the necessary capabilities for efficient accounting workflows. This led to wasted time, inaccuracies, and frustration. The company's previous software, Yardi Breeze, was particularly problematic, making tasks such as filing 1099s, reconciling accounts, and handling daily tasks difficult and time-consuming. The company's owner, Sherry Kent, was in search of a simpler, more efficient solution that would allow her team to spend less time on tedious back-office tasks and more time on growing the business and making a positive impact in the community.
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Southwest Property Management: Streamlining Operations and Enhancing Customer Experience with IoT
Southwest Property Management, a family-owned business managing over 120 community associations in Naples and Fort Myers, Florida, was grappling with outdated, disjointed systems that led to inefficiencies, inaccuracies, and frustration. The company had to perform many tasks manually, which was time-consuming and prone to errors. The existing solutions, TOPS Pro and Strongroom, were not meeting the company's needs, leading to technical difficulties and a lack of streamlined processes. The company was also facing challenges in onboarding and learning new software due to the large amount of data to migrate and processes to implement. Furthermore, the company was struggling to stand out from the competition and win new business.
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Boosting Operational Efficiency through Automation: A Case Study on Stone & Browning
Stone & Browning Property Management, a company operating a mixed portfolio of properties, was struggling with operational efficiency due to the lack of a robust property management software. The company, which manages over 1,000 units across Barre and Burlington area, was using Buildium and Propertyware, but these solutions were not meeting their needs. The company had a long-term vision of growing to 1,500 units and needed a technology solution that could scale with their vision. The lack of a professional property management company in their area added to their challenges. The company was also struggling with inefficient workflows, particularly in accounting and reporting, due to the large number of bills they had to manage across different buildings.
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Structure Properties Leverages AppFolio for Enhanced Efficiency and Growth
San Francisco-based Structure Properties, a property management company established in 2008, was in search of a software solution that could match their innovative approach to property management. They needed a system that could help them gain control of their data, free up team bandwidth, and improve the owner experience. The company manages a diverse portfolio of multifamily, mixed-use, and single-family residential properties, with over 2000 units under management. Their previous solution, Yardi, was not providing the efficiency and streamlined processes they required. The challenge was to find a solution that could effectively manage multiple property types and provide a comprehensive view of operations.
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Leveraging AppFolio Property Manager PLUS for Growth: A Case Study on Sundance Property Management
Sundance Property Management, established in 1993, manages properties across four states including Ohio, Indiana, Kentucky, and South Carolina. Their portfolio includes single and multifamily residential, and student housing. However, in 2013, after acquiring a large group of multifamily properties, they found that they had outgrown their previous software, Skyline. The software was not cloud-based and lacked the ability to quickly run reports. Every process was manual, requiring the vice president of finance, Michelle Flores, to work three weekends a month to get everything accomplished. The company was at a point where they would have had to cap their growth and decline new business, as they couldn't manage it with their existing software.
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Streamlining Operations and Enhancing Service Delivery: A Case Study of T.R. Lawing Realty
T.R. Lawing Realty, a pioneer in Single Family Rental (SFR) management in the Charlotte area, was facing operational challenges due to outdated technology. The company, which has been in business for over 65 years and manages over 2,400 units, was struggling with a software that lacked tenant and owner portals and was not keeping up with the times. The company was also grappling with server issues that led to uncontrollable downtime, affecting their efficiency and service delivery. Additionally, the company was looking to streamline its processes, from leasing to maintenance and accounting, to enhance efficiency and control costs. The company was also dealing with a high volume of inquiries, averaging 4,000 a month, which was overwhelming for the leasing staff.
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Streamlined Accounting with an Innovative Technology Solution: The Equity Group Case Study
The Equity Group, a property management company established in 2002, was facing challenges in adjusting to the fast-paced technology trends in the market. They were managing a large portfolio of multifamily and single-family residential properties in the Central Valley of CA. Over the years, they had acquired several smaller property management companies, adding hundreds of units to their portfolio. However, their old property management software was not able to keep up with the rapid changes in the market. They found it difficult to adapt quickly without purchasing new, third-party systems to supplement their existing software. Additionally, they were spending nearly a third of their time on mid-month and month-end accounting close outs, which was a significant drain on their resources.
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Trilogy Management & AppFolio: Transforming Real Estate Management Through IoT
Trilogy Real Estate Management, a family-owned real estate investment and management business, was struggling with outdated property management software that was inefficient and time-consuming. The software required multiple applications to perform tasks that could be done with a single click in modern software. For instance, they had to manually write leases, use a separate e-signature application, and had a payment processing portal outside of their management software. This made every process cumbersome and time-consuming. The company needed a modern, agile solution that would maximize the efficiency and time of their team both in and out of the office.
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Maintaining Rapid Growth with AppFolio Property Manager PLUS: A Case Study on Tzadik Management Group
Tzadik Management Group, a real estate management company with over $400 million in assets and more than 7,000 units, was facing challenges in managing its rapid growth across five states. The company's previous solution, Yardi, was not able to provide the real-time, on-the-go interaction and responsive reporting that Tzadik needed to measure results and provide daily financial statements to its customers. The company was also struggling with the process of onboarding new properties due to its constant acquisitions. The lack of a centralized support team that understood their business practices and could provide custom training and real-time support was another challenge that Tzadik was facing.
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Maximizing Efficiency and Building Relationships: A Case Study on Velo Residential and AppFolio Property Manager
Velo Residential, a property management company based in Dallas-Fort Worth Metro, was facing a significant challenge in managing its over 800 residential units. The company's CEO, JC Castillo, recognized the importance of creating strong, meaningful relationships for success in the property management business. However, the day-to-day tasks were consuming a lot of their time, leaving little room for focusing on building relationships with residents. Another major challenge was the lack of comprehensive leasing data. The company was unable to determine where their leads were coming from, which made it difficult to prioritize advertising channels. This lack of data was leading to unnecessary spending on ineffective advertising channels.
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