STOCK TITAN

AMC Selects AppFolio as Technology Partner to Drive Future Expansion

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
partnership
Rhea-AI Summary
AppFolio, Inc. (NASDAQ:APPF) recently welcomed property management firm Advanced Management Company (AMC) to its growing roster of customers using AppFolio Property Manager Plus. This partnership underscores AppFolio’s commitment to building innovative, customizable solutions for large property management firms. AMC selected AppFolio due to its comprehensive property management solution, which includes AppFolio Realm, and its suite of AI solutions that covers Realm-X, a conversational interface powered by Generative AI for the real estate industry. These innovations, coupled with advanced insights, reporting tools, and user-friendly dashboards, offer high-growth, large-scale property management firms the reliability and efficiency necessary for smooth, strategic portfolio management.
Positive
  • AppFolio's recent customer acquisition of Advanced Management Company (AMC) demonstrates the company's commitment to providing innovative and customizable solutions for large property management firms. The addition of thousands of rental units to AppFolio Property Manager Plus showcases the reliability and efficiency of the platform for strategic portfolio management. The partnership with AMC highlights AppFolio's commitment to innovation and its ability to meet the evolving needs of large property management firms.
Negative
  • None.

Latest Customer Acquisition Brings Nearly 11,000 Units to AppFolio Property Manager Plus

SANTA BARBARA, Calif., Dec. 07, 2023 (GLOBE NEWSWIRE) -- AppFolio, Inc. (NASDAQ:APPF), the technology leader powering the future of the real estate industry, today announced that it recently welcomed property management firm Advanced Management Company (AMC) to its growing roster of customers using AppFolio Property Manager Plus. This partnership underscores AppFolio’s commitment to building innovative, customizable solutions for large property management firms.

AMC selected AppFolio due to its comprehensive property management solution, which includes AppFolio Realm, and its suite of AI solutions that covers Realm-X, a conversational interface powered by Generative AI for the real estate industry. These innovations, coupled with advanced insights, reporting tools, and user-friendly dashboards, offer high-growth, large-scale property management firms the reliability and efficiency necessary for smooth, strategic portfolio management.

“Integrating thousands of rental units on a new platform is a monumental task, but AppFolio’s onboarding team gave us around-the-clock support — an indicator of the first-class customer service and technical prowess that the company provides,” said AMC President Danielle McCarthy. “We see great potential in the company’s current offerings, as well as in their constant commitment to innovation and view this partnership as a real investment in our future. With AppFolio as our partner, we are confident that we have the tools and infrastructure to manage and scale our property portfolio effectively.”

According to a recent AppFolio survey, the number one challenge for property managers in 2023 was driving an efficient and profitable operation, and having access to the right tools and technology is a key part of this. An overwhelming 88% of property managers agreed that technology makes their jobs easier, yet nearly one-third reported they are dissatisfied with the current technology available to them — underscoring why robust, innovative property management solutions that increase operational efficiency are critical for unlocking opportunities for both top and bottom-line growth.

This year, AppFolio introduced notable technological advancements that meet the evolving needs of large property management firms, including new leasing productivity tools and new AppFolio Stack™ partners in addition to AppFolio Realm-X.

“We are thrilled to welcome AMC to the AppFolio family,” said McLure Foote, Senior Vice President of Sales at AppFolio. “We look forward to strategically partnering with the AMC team and helping them drive ongoing business growth, operational excellence at scale, and delighting their employees and residents."

For more information on product and integration availability, please visit https://www.appfolio.com.

About AMC
AMC is a subsidiary of Advanced Real Estate Services, INC., a Real Estate investment company founded in 1982 by Richard Julian and Frank Holloway. AMC currently maintains and operates over 11,000 multifamily units in Southern California. Find out more about careers, apartments for rent or investments at amcliving.com.

About AppFolio, Inc.
AppFolio is the technology leader powering the future of the real estate industry. Our innovative platform and trusted partnership enable our customers to connect communities, increase operational efficiency, and grow their business. For more information about AppFolio, visit appfolio.com.


FAQ

What is the recent customer acquisition announced by AppFolio, Inc. (NASDAQ:APPF)?

AppFolio, Inc. (NASDAQ:APPF) recently welcomed property management firm Advanced Management Company (AMC) to its growing roster of customers using AppFolio Property Manager Plus.

Why did AMC select AppFolio as its property management solution?

AMC selected AppFolio due to its comprehensive property management solution, which includes AppFolio Realm, and its suite of AI solutions that covers Realm-X, a conversational interface powered by Generative AI for the real estate industry.

What challenges do property managers face in 2023 according to a recent AppFolio survey?

According to a recent AppFolio survey, the number one challenge for property managers in 2023 was driving an efficient and profitable operation, and having access to the right tools and technology is a key part of this.

What technological advancements has AppFolio introduced for large property management firms?

This year, AppFolio introduced notable technological advancements that meet the evolving needs of large property management firms, including new leasing productivity tools and new AppFolio Stack™ partners in addition to AppFolio Realm-X.

AppFolio, Inc.

NASDAQ:APPF

APPF Rankings

APPF Latest News

APPF Stock Data

9.10B
22.23M
3.72%
84.54%
1.53%
Software - Application
Services-prepackaged Software
Link
United States of America
SANTA BARBARA