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1 2015 © AppFolio, Inc.. 10 Things Successful Property Managers Have Stopped Doing @AppFolio @AptsForRent #AppFolioChat

AppFolio Webinar: 10 Things Successful Property Managers Have Stopped Doing

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Page 1: AppFolio Webinar: 10 Things Successful Property Managers Have Stopped Doing

1 2015 © AppFolio, Inc..

10 Things Successful Property Managers Have

Stopped Doing @AppFolio @AptsForRent #AppFolioChat

Page 2: AppFolio Webinar: 10 Things Successful Property Managers Have Stopped Doing

2 2015 © AppFolio, Inc..

AppFolio

• Property management and accounting• Online rent collection (free)• Prospect / guest card tracking• Vacancy Marketing• Website• Online applications & leases• Resident Screening• Mobile Inspections

…So You Run A More Successful Business

Complete Solution Includes:Web-Based Property Management Software

@AppFolio @AptsForRent #AppFolioChat

Page 3: AppFolio Webinar: 10 Things Successful Property Managers Have Stopped Doing

3 2015 © AppFolio, Inc..

ForRent

@AppFolio @AptsForRent #AppFolioChat

Page 4: AppFolio Webinar: 10 Things Successful Property Managers Have Stopped Doing

4 2015 © AppFolio, Inc..

Who Am I?

Nat KunesVP, Product Management

AppFolio Inc.

Page 5: AppFolio Webinar: 10 Things Successful Property Managers Have Stopped Doing

5 2015 © AppFolio, Inc..

10 Outdated Practices You Should Stop

Doing

Page 6: AppFolio Webinar: 10 Things Successful Property Managers Have Stopped Doing

6 2015 © AppFolio, Inc..

Relying Only On Word Of

Mouth Owner Advertising

1

Page 7: AppFolio Webinar: 10 Things Successful Property Managers Have Stopped Doing

7 2015 © AppFolio, Inc..

2

Page 8: AppFolio Webinar: 10 Things Successful Property Managers Have Stopped Doing

8 2015 © AppFolio, Inc..

Advertising In The Paper

3

Page 9: AppFolio Webinar: 10 Things Successful Property Managers Have Stopped Doing

9 2015 © AppFolio, Inc..

CraigsList

4

Page 10: AppFolio Webinar: 10 Things Successful Property Managers Have Stopped Doing

10 2015 © AppFolio, Inc..

Poll: Is CraigsList Your Current Best Source Of Leases?

A) Yes

B) No

C) Don’t Know

Page 11: AppFolio Webinar: 10 Things Successful Property Managers Have Stopped Doing

11 2015 © AppFolio, Inc..

Paper Rental Applications

5

Page 12: AppFolio Webinar: 10 Things Successful Property Managers Have Stopped Doing

12 2015 © AppFolio, Inc..

6

Landlord Verification

Page 13: AppFolio Webinar: 10 Things Successful Property Managers Have Stopped Doing

13 2015 © AppFolio, Inc..

Paper Leases

7

Page 14: AppFolio Webinar: 10 Things Successful Property Managers Have Stopped Doing

14 2015 © AppFolio, Inc..

Paper Checks8

Page 15: AppFolio Webinar: 10 Things Successful Property Managers Have Stopped Doing

15 2015 © AppFolio, Inc..

Scanning Invoices

9

Page 16: AppFolio Webinar: 10 Things Successful Property Managers Have Stopped Doing

16 2015 © AppFolio, Inc..

10

ManualInspections

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17 2015 © AppFolio, Inc..

10 Ways To Stay Competitive

Page 18: AppFolio Webinar: 10 Things Successful Property Managers Have Stopped Doing

18 2015 © AppFolio, Inc..

Measure Owner Satisfaction1

Page 19: AppFolio Webinar: 10 Things Successful Property Managers Have Stopped Doing

19 2015 © AppFolio, Inc..

Poll: Do You Currently Measure Your Owners Satisfaction?

A) Yes

B) No

C) Don’t Know

Page 20: AppFolio Webinar: 10 Things Successful Property Managers Have Stopped Doing

20 2015 © AppFolio, Inc..

Smart Pricing

2

@AppFolio @AptsForRent #AppFolioChat

Page 21: AppFolio Webinar: 10 Things Successful Property Managers Have Stopped Doing

21 2015 © AppFolio, Inc..

Marketing Spend

Effectiveness

3

Page 22: AppFolio Webinar: 10 Things Successful Property Managers Have Stopped Doing

22 2015 © AppFolio, Inc..

Refresh Screening

Procedures

4

Page 23: AppFolio Webinar: 10 Things Successful Property Managers Have Stopped Doing

23 2015 © AppFolio, Inc..

Revisit Your Internal Policies and Procedures5

Do You?- Still send paper forms between on-sites and corporate

office- Make you field workers fill out paper forms then have

someone hand enter them into the computer- Create extra work for your accountants by not trusting

your on-site or property managers to enter simple charges or credits

Page 24: AppFolio Webinar: 10 Things Successful Property Managers Have Stopped Doing

24 2015 © AppFolio, Inc..

Pay Everything Electronically

6

Page 25: AppFolio Webinar: 10 Things Successful Property Managers Have Stopped Doing

25 2015 © AppFolio, Inc..

Texting

7

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26 2015 © AppFolio, Inc..

Automating Your Reconciliation

8

Page 27: AppFolio Webinar: 10 Things Successful Property Managers Have Stopped Doing

27 2015 © AppFolio, Inc..

Poll: How Often Are You Reconciling?

A) Daily

B) Weekly

C) Monthly

D) Less Frequent or Not At All

Page 28: AppFolio Webinar: 10 Things Successful Property Managers Have Stopped Doing

28 2015 © AppFolio, Inc..

Audit Your Staff &

Accounting Records

9

Page 29: AppFolio Webinar: 10 Things Successful Property Managers Have Stopped Doing

29 2015 © AppFolio, Inc..

Collections Process

10

Page 30: AppFolio Webinar: 10 Things Successful Property Managers Have Stopped Doing

30 2015 © AppFolio, Inc..

What Will Become Common Practice?

Page 31: AppFolio Webinar: 10 Things Successful Property Managers Have Stopped Doing

31 2015 © AppFolio, Inc..Mobile Offices

1

Page 32: AppFolio Webinar: 10 Things Successful Property Managers Have Stopped Doing

32 2015 © AppFolio, Inc..

Outsourcing The

Commodities2

Page 33: AppFolio Webinar: 10 Things Successful Property Managers Have Stopped Doing

33 2015 © AppFolio, Inc..

Poll: Are You Currently Using An Answering Service?

A) Yes

B) No

C) Don’t Know

Page 34: AppFolio Webinar: 10 Things Successful Property Managers Have Stopped Doing

34 2015 © AppFolio, Inc..

Customer Urgency

3

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35 2015 © AppFolio, Inc..

4

As technology optimizes day to day processes and functions, successful

property management companies will differentiate themselves with amazing

service…

Page 36: AppFolio Webinar: 10 Things Successful Property Managers Have Stopped Doing

36 2015 © AppFolio, Inc..Expanded Service Areas

5

Page 37: AppFolio Webinar: 10 Things Successful Property Managers Have Stopped Doing

37 2015 © AppFolio, Inc..

What Have We Heard?

• 10 Things To Stop Doing

• 10 Things To Keep You Competitive

• 5 Things That Will Become Common Practice

Page 38: AppFolio Webinar: 10 Things Successful Property Managers Have Stopped Doing

38 2015 © AppFolio, Inc..

Questions or Comments?

TWEET: @AppFolio @AptsForRent

#AppFolioChat

@AppFolio @AptsForRent #AppFolioChat

Page 39: AppFolio Webinar: 10 Things Successful Property Managers Have Stopped Doing

39 2015 © AppFolio, Inc..

Thanks for attending! facebook.com/AppFolio facebook.com/AptsForRent

@AppFolio @AptsForRent

@AppFolio @AptsForRent

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