Property management software

12 Replies

Hi @Kris Freeberg , A lot of people I communicate with get turned off from the price of Appfolio and the $12 million losses they make each year, and are worried what is going to happen to them when they run out of money.

I bet a lot of others here would be curious about any other platforms you happened to look into as well.  Many BP users are smaller investors and not able to afford something as expensive as AF.

Originally posted by @Nathan Miller :

Hi @Kris Freeberg , A lot of people I communicate with get turned off from the price of Appfolio and the $12 million losses they make each year, and are worried what is going to happen to them when they run out of money.

I bet a lot of others here would be curious about any other platforms you happened to look into as well.  Many BP users are smaller investors and not able to afford something as expensive as AF.

 Hi @nathan Miller - you make good points but I have to disagree about a few things..

1. I follow stocks pretty closely (we are on an investing site..) and AppFolio is a publicly traded company as of last year. They are doing surprisingly well on the market and according to their last earnings call, they already have a date to be profitable. They also float their own cash for ACH transfers/etc which means they have $$ in the bank.

2. It's all inclusive..really not that expensive in the end. I was on buildium and spending $80 a month for the software, but then $100+ per month on all the fees they tack on. Plus the service and accounting was terrible. I was ready to chuck my computer out the window thanks to the bad accounting..

AppFolio is like the Apple of property management software. They're more expensive, but the value is there if you want the best.

I use Buildium, has been working fine for us. I would suggest take a look at it. The pricing works well as well and gives you all options to grow.

FYI I'm really interested in proper maintenance features.  I notice lower end apps are focused mainly on screening tenants and collecting rent.  I'd rather spend a little more money to protect, preserve, & improve my long term investment, keep tenants happy, & justify higher rents.