Key maintenance tactics to eliminate inefficiencies and drive revenue

AppFolio
AppFolioVP Marketing à AppFolio
1 2023 © AppFolio, Inc. Confidential
Key maintenance
tactics to eliminate
inefficiencies and
drive revenue
Presented by: Kimberlee Bachman and Miles Treuhaft
July 27, 2023
2 2023 © AppFolio, Inc. Confidential
As an attendee:
● Lines are muted, but we encourage you to use the Q&A box
● Stick around for a bonus Q&A session at the end of the hour
● Let us know how we did via the post-webinar survey
● The recording will be sent to you
3 2023 © AppFolio, Inc. Confidential
Sr Product Marketing
Manager
Kimberlee Bachman
Presenter
Solution Engineer II
Miles Treuhaft
Presenter
4 2023 © AppFolio, Inc. Confidential
Agenda
Industry Insights
Review Survey Data
Top Challenge & Maintenance
Discussion & Demo
Q&A
Ask us anything
01
02
03
5 2023 © AppFolio, Inc. Confidential
2,311 Rental Housing Professionals
surveyed in April 2023
Roles
Business Structure
Property Types
Leadership
Staff
0% 20% 40% 60%
0% 10% 20% 30%
0% 25% 50% 75%
Owner/Operator
Fee Manager
Mixed
Multifamily
Single-Family
Affordable
5
Source: NAA Research sponsored by AppFolio. 2023.
6 2023 © AppFolio, Inc. Confidential
What are your top challenges
today with your business?
Poll
7 2023 © AppFolio, Inc. Confidential
Source: Ullamcorper Vehicula Dolor Pharetra Dapibus
Operational efficiency is #1
● Inflation is now top of mind as the
“Great Resignation” recedes.
● Reducing costs, implementing
technology, streamlining processes,
and training staff are the most common
strategies being pursued.
Maximizing revenue starts
with renters
● Increasing occupancy rates and
retaining current tenants are top
priorities.
Operational efficiencies
76%
(+14% YoY)
HR, staffing,
recruitment
42%
(-6%)
Maximizing
revenue & profits
61%
(+7%)
Implementing
new technology
39%
(+2%)
2023 Top challenges
Stakeholder
experience
31%
(+2%)
What are your company’s TOP 3 most important challenges today? (n=2,311)
8 2023 © AppFolio, Inc. Confidential
What’s your main job role?
Poll
9 2023 © AppFolio, Inc. Confidential
Residents
Fast resolution
Maintenance team
Clear guidance
Employees
Efficiency
Owners
Profitability
Property Manager
Retention and growth
Property Managers and maintenance touch many different groups
10 2023 © AppFolio, Inc. Confidential
2020
2000 2010 2030
Value
Curve
SaaS
Mobile
AI
With the introduction of
large language models
(LLMs), the AI innovation
wave we’re riding is
accelerating.
Research from NAA and
AppFolio found the #1
challenge facing our
industry in 2023 is
operational inefficiencies.
The timing and capabilities
are now aligned to truly
deliver on the promise of AI.
Here, to-dos become ta-das.
11 2023 © AppFolio, Inc. Confidential
The maintenance view of our top challenges
HR, staffing, recruitment
Operational efficiencies
Maximizing
revenue & profits
12 2023 © AppFolio, Inc. Confidential
Top Challenge 1:
Operational efficiencies
13 2023 © AppFolio, Inc. Confidential
Renter satisfaction
is linked to prompt
maintenance
resolution
14 2023 © AppFolio, Inc. Confidential
Demo
15 2023 © AppFolio, Inc. Confidential
Smart Maintenance
Texting Experience
*Name TBD
16 2023 © AppFolio, Inc. Confidential
Mobilize your maintenance
Phone or text via
designated client
number
Online submission
via tenant portal
Receive & respond to
maintenance requests 24/7
including emergencies
Diagnose & troubleshoot
your residents’
maintenance issues
Enter work orders in our clients’
AppFolio accounts for visibility
Our clients can sleep at night
without the interruption of a
maintenance emergency
Send the work order to vendor or
team following our clients’
designated instructions
Smart Maintenance overview
Set up reminders for your vendors
and techs; Track your teams
performance in our dashboard
17 2023 © AppFolio, Inc. Confidential
Top Challenge 2:
Maximizing
revenue & profits
18 2023 © AppFolio, Inc. Confidential
Resident satisfaction impacts profitability
19 2023 © AppFolio, Inc. Confidential
Demo
20 2023 © AppFolio, Inc. Confidential
Top Challenge 3:
HR, staffing, recruitment
21 2023 © AppFolio, Inc. Confidential
Q36. In a typical week, approximately how much of your
time at work do you feel is spent on busywork and
meaningful work?
(Total must add up to 100%) (n=987)
Meaningful work
Busywork
36%
64%
Could be optimized or
streamlined through technology
Q38. In a typical week, approximately how many hours
do you spend on tasks that you believe could be
optimized or streamlined through the use of technology?
(n=1,765)
For employees: busywork detracts from meaningful work
15 hr 40 hr
15 hours or… 36% of a
40 hour work week
22 2023 © AppFolio, Inc. Confidential
Demo
23 2023 © AppFolio, Inc. Confidential
Resident
gives notice
Key maintenance moments are easier with technology
Unit Turn
Board created
Move out
inspection
Work Orders
created
Fast Unit Turn
enabled by
Procurement
Move in
inspection
New resident
moves in
Maintenance
requests
handled
efficiently
with Smart
Maintenance
Residents
get settled
with ease
24 2023 © AppFolio, Inc. Confidential
Residents
Fast resolution
Maintenance team
Clear guidance
Employees
Efficiency
Owners
Profitability
Property Manager
Retention and growth
Revisiting this view
25 2023 © AppFolio, Inc. Confidential
Maintenance
Resident satisfaction
& retention
Scale units under
management
Profitability Efficiency
Better work
life balance
Higher employee
satisfaction
Can do more with
same workforce
26 2023 © AppFolio, Inc. Confidential
Would you like a customized demo of
AppFolio Property Manager?
26
Poll
27 2023 © AppFolio, Inc. Confidential
Ask us anything.
27
Questions?
28 2023 © AppFolio, Inc. Confidential
Thank you
1 sur 28

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Key maintenance tactics to eliminate inefficiencies and drive revenue

  • 1. 1 2023 © AppFolio, Inc. Confidential Key maintenance tactics to eliminate inefficiencies and drive revenue Presented by: Kimberlee Bachman and Miles Treuhaft July 27, 2023
  • 2. 2 2023 © AppFolio, Inc. Confidential As an attendee: ● Lines are muted, but we encourage you to use the Q&A box ● Stick around for a bonus Q&A session at the end of the hour ● Let us know how we did via the post-webinar survey ● The recording will be sent to you
  • 3. 3 2023 © AppFolio, Inc. Confidential Sr Product Marketing Manager Kimberlee Bachman Presenter Solution Engineer II Miles Treuhaft Presenter
  • 4. 4 2023 © AppFolio, Inc. Confidential Agenda Industry Insights Review Survey Data Top Challenge & Maintenance Discussion & Demo Q&A Ask us anything 01 02 03
  • 5. 5 2023 © AppFolio, Inc. Confidential 2,311 Rental Housing Professionals surveyed in April 2023 Roles Business Structure Property Types Leadership Staff 0% 20% 40% 60% 0% 10% 20% 30% 0% 25% 50% 75% Owner/Operator Fee Manager Mixed Multifamily Single-Family Affordable 5 Source: NAA Research sponsored by AppFolio. 2023.
  • 6. 6 2023 © AppFolio, Inc. Confidential What are your top challenges today with your business? Poll
  • 7. 7 2023 © AppFolio, Inc. Confidential Source: Ullamcorper Vehicula Dolor Pharetra Dapibus Operational efficiency is #1 ● Inflation is now top of mind as the “Great Resignation” recedes. ● Reducing costs, implementing technology, streamlining processes, and training staff are the most common strategies being pursued. Maximizing revenue starts with renters ● Increasing occupancy rates and retaining current tenants are top priorities. Operational efficiencies 76% (+14% YoY) HR, staffing, recruitment 42% (-6%) Maximizing revenue & profits 61% (+7%) Implementing new technology 39% (+2%) 2023 Top challenges Stakeholder experience 31% (+2%) What are your company’s TOP 3 most important challenges today? (n=2,311)
  • 8. 8 2023 © AppFolio, Inc. Confidential What’s your main job role? Poll
  • 9. 9 2023 © AppFolio, Inc. Confidential Residents Fast resolution Maintenance team Clear guidance Employees Efficiency Owners Profitability Property Manager Retention and growth Property Managers and maintenance touch many different groups
  • 10. 10 2023 © AppFolio, Inc. Confidential 2020 2000 2010 2030 Value Curve SaaS Mobile AI With the introduction of large language models (LLMs), the AI innovation wave we’re riding is accelerating. Research from NAA and AppFolio found the #1 challenge facing our industry in 2023 is operational inefficiencies. The timing and capabilities are now aligned to truly deliver on the promise of AI. Here, to-dos become ta-das.
  • 11. 11 2023 © AppFolio, Inc. Confidential The maintenance view of our top challenges HR, staffing, recruitment Operational efficiencies Maximizing revenue & profits
  • 12. 12 2023 © AppFolio, Inc. Confidential Top Challenge 1: Operational efficiencies
  • 13. 13 2023 © AppFolio, Inc. Confidential Renter satisfaction is linked to prompt maintenance resolution
  • 14. 14 2023 © AppFolio, Inc. Confidential Demo
  • 15. 15 2023 © AppFolio, Inc. Confidential Smart Maintenance Texting Experience *Name TBD
  • 16. 16 2023 © AppFolio, Inc. Confidential Mobilize your maintenance Phone or text via designated client number Online submission via tenant portal Receive & respond to maintenance requests 24/7 including emergencies Diagnose & troubleshoot your residents’ maintenance issues Enter work orders in our clients’ AppFolio accounts for visibility Our clients can sleep at night without the interruption of a maintenance emergency Send the work order to vendor or team following our clients’ designated instructions Smart Maintenance overview Set up reminders for your vendors and techs; Track your teams performance in our dashboard
  • 17. 17 2023 © AppFolio, Inc. Confidential Top Challenge 2: Maximizing revenue & profits
  • 18. 18 2023 © AppFolio, Inc. Confidential Resident satisfaction impacts profitability
  • 19. 19 2023 © AppFolio, Inc. Confidential Demo
  • 20. 20 2023 © AppFolio, Inc. Confidential Top Challenge 3: HR, staffing, recruitment
  • 21. 21 2023 © AppFolio, Inc. Confidential Q36. In a typical week, approximately how much of your time at work do you feel is spent on busywork and meaningful work? (Total must add up to 100%) (n=987) Meaningful work Busywork 36% 64% Could be optimized or streamlined through technology Q38. In a typical week, approximately how many hours do you spend on tasks that you believe could be optimized or streamlined through the use of technology? (n=1,765) For employees: busywork detracts from meaningful work 15 hr 40 hr 15 hours or… 36% of a 40 hour work week
  • 22. 22 2023 © AppFolio, Inc. Confidential Demo
  • 23. 23 2023 © AppFolio, Inc. Confidential Resident gives notice Key maintenance moments are easier with technology Unit Turn Board created Move out inspection Work Orders created Fast Unit Turn enabled by Procurement Move in inspection New resident moves in Maintenance requests handled efficiently with Smart Maintenance Residents get settled with ease
  • 24. 24 2023 © AppFolio, Inc. Confidential Residents Fast resolution Maintenance team Clear guidance Employees Efficiency Owners Profitability Property Manager Retention and growth Revisiting this view
  • 25. 25 2023 © AppFolio, Inc. Confidential Maintenance Resident satisfaction & retention Scale units under management Profitability Efficiency Better work life balance Higher employee satisfaction Can do more with same workforce
  • 26. 26 2023 © AppFolio, Inc. Confidential Would you like a customized demo of AppFolio Property Manager? 26 Poll
  • 27. 27 2023 © AppFolio, Inc. Confidential Ask us anything. 27 Questions?
  • 28. 28 2023 © AppFolio, Inc. Confidential Thank you