AppFolio Unveils Groundbreaking Innovations at FUTURE: The Real Estate Conference 2024
San Diego, October 30, 2024 – AppFolio (NASDAQ: APPF), a leading technology innovator shaping the future of real estate, concluded its annual FUTURE: The Real Estate Conference with exciting announcements and cutting-edge product launches. Over three days, industry professionals gathered to explore transformative solutions aimed at enhancing property management efficiency, automating workflows, and elevating the resident experience.
Introduction of AppFolio Realm-X: Transforming Property Management with AI
One of the key highlights was announcing the general availability of AppFolio Realm-X, the company’s embedded generative AI platform. Since its beta release in June, Realm-X has delivered substantial benefits for property managers by automating repetitive tasks, simplifying communication, and allowing teams to focus on higher-value activities.
On average, Realm-X users report saving over 10 hours per week on routine tasks. Within the last month, customers utilized nearly half a million Realm-X generated messages, with each message saving approximately 26 seconds compared to manually written texts. This time savings equates to about three weeks of work annually.
Key Components of Realm-X:
- Realm-X Assistant: Acts as a smart co-pilot, assisting with dynamic tasks such as report creation, vendor coordination, and drafting personalized email and text communications for more efficient interactions.
- Realm-X Messages: A revamped inbox designed to help property managers quickly process resident communications by generating clear, customized responses.
- Realm-X Flows: An automation engine that standardizes and accelerates workflow execution, boosting efficiency and consistency within property management teams.
Property Operations Specialist Maliyah Williams from Fairlawn praised Realm-X’s impact: “What took over 18 hours each week manually is now effortless, like having a magic wand. It frees us to focus on enriching the resident experience and advancing our business.”
Realm-X Assistant and Messages are now accessible to all AppFolio customers, while Realm-X Flows is available for users on the Property Manager Plus and Max subscription tiers.
Introducing FolioSpace: Elevating the Resident Experience
AppFolio also unveiled FolioSpace™, a next-generation platform that redefines how property managers and residents engage throughout the entire lifecycle—from application to lease renewal. Designed to unify and enhance the resident journey, FolioSpace will empower over 20,000 property management customers to deliver a seamless, elevated experience for millions of residents.
Additional Innovations to Drive Operational Excellence
At the FUTURE conference, AppFolio showcased an array of new features crafted to address the evolving needs of property managers, especially those juggling mixed portfolios:
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Bill Approval Flows: A flexible accounting workflow allowing customized approval routing based on criteria such as vendor type, general ledger account, or invoice amount.
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Budgeting Leasing Assumptions: A tool for inputting projected leasing metrics to optimize budgeting accuracy.
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Smart Maintenance Billing: Enables in-house maintenance teams to increase profitability by automating billing, reducing manual efforts, and ensuring consistency.
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Smart Maintenance Scheduling: Simplifies coordinating technicians through integrated scheduling features, enhancing operational efficiency.
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Box Score Report: Offers quick insight into leasing and occupancy across unit types and properties, allowing managers to identify bottlenecks and improve decision-making.
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Flexible Leasing for Student Housing: Allows operators to lease by individual beds or groups, improving pre-leasing fill rates.
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Waitlist Management for Affordable Housing: Enhances oversight of waitlist requirements and key application data, essential for managing HUD-regulated units.
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Modern Reports Interface: Introduces powerful customization and analysis capabilities, from multi-level sorting and filters to pivot tables and charts, available for Plus and Max plan subscribers.
- Document and ID Verification: Protects against fraud by detecting altered pay stubs and authenticating applicant identities in real-time.
FUTURE Conference: A Hub of Inspiration and Innovation
Nearly 2,000 real estate professionals attended FUTURE to engage with industry thought leaders, participate in immersive training sessions, and explore innovations shaping property management’s future. Attendees were inspired by keynote presentations from notable figures including New York Times best-selling author Daniel Pink and three-time Olympic Gold Medalist Kerri Walsh Jennings.
Lisa Horner, AppFolio’s Senior Vice President of Marketing, reflected on the event’s success: “FUTURE has been an incredible meeting of minds, bringing together visionary leaders in real estate. From comprehensive training to engaging presentations, it’s clear innovation is actively driving the industry forward. We thank our loyal customers, advisory board, and industry partners for making this event truly unforgettable. Together, we’re not just envisioning the future—we are building it.”
About AppFolio
AppFolio is a technology leader committed to powering the future of real estate. Its innovative platform and trusted partnerships enable property managers to connect communities, boost operational efficiency, and grow their businesses effectively.
For further inquiries, please contact AppFolio’s communications team.