RE: AppFolio Property Manager Cost

How much does it cost to purchase and implement AppFolio Property Manager?What is the break-down cost of licenses, maintenance and support, installation, customization, data migration and training?

administrator Vice Professor Asked on July 3, 2024 in Property Management.
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1 Answers

Software price

AppFolio Property Manager pricing starts at $250 per month for up to 50 units, with additional units incurring extra cost. The software is typically billed annually, with a monthly payment option available as well. For larger businesses with over 1,000 units, custom pricing is available based on the specific needs of the organization.

Plans compared

AppFolio Property Manager offers different plans based on the size of the property management business. The core features such as online owner and resident portals, maintenance management, and marketing tools are included in all plans. The higher-tier plans include advanced features like performance analytics, utility management, and premium support.

Plans fit

The basic plan is suitable for small property management businesses with up to 50 units. The mid-tier plan is ideal for businesses with 51-1,000 units, offering additional features for growing companies. The premium plan is best for large enterprises with over 1,000 units, providing advanced functionalities and tailored support.

Other cost

Implementation cost for AppFolio Property Manager varies depending on the size and complexity of the business, ranging from $1,000 to $10,000 on average. Customization cost is optional and can range from $500 to $5,000 based on specific requirements. Training cost for staff members typically ranges from $500 to $2,000 per business size/type.

One time fees

AppFolio Property Manager does not require specific hardware or servers for implementation. However, there might be additional one-time fees for data migration, onboarding, or setup assistance, which can range from $500 to $2,000.

Alternatives compared

Compared to other property management software like Buildium, Rent Manager, and Yardi Breeze, AppFolio Property Manager is priced competitively, offering a comprehensive set of features for the cost. While some alternatives may have lower starting prices, they may lack certain advanced functionalities provided by AppFolio.

Verdict

AppFolio Property Manager is competitively priced within the property management software market, offering a range of features for businesses of all sizes. With its tiered pricing structure and scalable options, it provides good value for money. On a pricing grade scale of 1 to 100, AppFolio Property Manager would score a solid 85 for its pricing and features compared to its competitors.

Vice Professor Answered on July 3, 2024.
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