AppFolio, a leading property management solution provider, today announced the launch of its integration marketplace, AppFolio Stack, according to a press release.
The Stack launch includes a number of proptech integrations across the property management ecosystem, with initial launch partners including ButterflyMX (access control), Conservice (utility billing), HappyCo (maintenance access), Knock (CRM and leasing), Lowe’s (supply procurement) and Property Meld (vendor and resident communication).
AppFolio says Stack provide property managers with specialized solutions that they need to manage complex portfolios and enables them to run their business from a centralized hub.
It also notes that there is a growing trend for property managers to centralize their workflows into a single platform, with 55% of large organizations planning to increase their use of point solutions in the next few years, according to 20for20. Despite this, the National Multifamily Housing Council says integrating these solutions into property management systems remains a significant challenge.
AppFolio says that Stack solves these challenges by offering proven integrations, based on collaboration and partnership with point solution providers, in order to provide managers the tools to “meet the need of any portfolio without compromising on usability.”
“As we partner with operators with larger, more complex portfolios, we consistently hear about the need for better technology that unifies specialty PropTech solutions within a single, modern platform,” stated Will Moxley, senior vice president of product at AppFolio, in the release.
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“Simultaneously, small, high-growth property management companies are looking to increase their productivity by leveraging the latest technology. … This enables property managers of any size to finally deploy the modern technology stacks that give their businesses a competitive advantage,” Moxley said.
In other recent proptech news, Keyway raised a $25 million Series A for smaller, sub $20 million commercial real estate transactions. Xeal also hired Chris Moreno as its VP of Real Estate and Channel Partnerships.