We are proud to be the first provider to make it possible for our customers to save money by processing fewer checks and accept rent online without extra monthly charges.
Santa Barbara, Calif. (PRWEB) March 29, 2010
AppFolio, Inc. announces the launch of integrated online rent payments, included with the purchase of AppFolio Property Manager. AppFolio is the only property management software provider to offer its customers the ability to collect rent online (using ACH) with zero additional monthly charges. With this additional functionality, AppFolio continues to expand the value of the service delivered to its residential property management customers and maintain the simplest pricing model in the industry.
AppFolio’s web-based property management software allows property managers to work more efficiently by combining the website, marketing, accounting, online rent collection and property management into a complete web-based solution.
AppFolio Online Rent Payments Key Features:
-- Easy for Residents: Using a secure, web-based interface, residents pay rent online in seconds.
-- Fully Integrated with Property Management Software: Monthly rent collection is effortless because online rent payments are automatically entered into AppFolio and completely integrated with accounting records. Property managers avoid the manual data entry required with non-integrated solutions.
-- Zero Additional Fees: Instead of paying up to $1.50 for each online ACH payment (as charged by stand-alone online payment providers) AppFolio is the only web-based property management provider to offer this service included with the standard monthly subscription fees.
“It costs a typical property manager $2.00 or more to process just one rent check each month. For a property management company with 1000 properties this means a cost of $24K a year just to process rent checks,” said Brian Donahoo, AppFolio CEO. “An expensive alternative is to purchase a stand alone online payment solution, often with charges of up to $1.50 per online (ACH) transaction. We are proud to be the first provider to make it possible for our customers to save money by processing fewer checks and accept rent online without extra monthly charges, so they ultimately run a more profitable business.”
Property Managers interested in learning more about AppFolio’s complete property management software can request a free trial here.
Headquartered in Santa Barbara, AppFolio was started by a team of technology leaders with proven experience creating software that businesses love to use. AppFolio creates complete, easy-to-use, web-based solutions for multiple vertical markets and the first AppFolio product was created for small and mid-sized residential property managers. With investors including Cisco Systems, BV Capital and the Investment Group of Santa Barbara, AppFolio has secured $30 million in funding to date.