How BK Management saved hours per week by consolidating their accounting operations
BK Management
Established: 2011
Location: West Lafayette, IN
Portfolio: Student Housing
Previous Solution: Quickbooks
Catering to owners of student housing around Purdue University, BK Management originally ran its corporate accounting and property management accounting on two separate platforms. We spoke with Accounting Manager April Schuette to learn why BK Management migrated all of their accounting operations over to AppFolio, and how it has impacted their business.
Units Managed
1,200+
Unit growth in 1 year
400
Time saved with AppFolio Property Manager
3 hours per week
“Being able to see everything in one place makes a huge difference.”
A single source of truth
“We were using QuickBooks for corporate accounting and AppFolio for property management accounting, and there was just no integration whatsoever. As a result, we had to constantly look for workarounds, but we weren't ever really able to get what we wanted. We had to run one set of reports out of QuickBooks and another set of reports out of AppFolio, and then try to marry things together. It just wasn't efficient, it was very clunky. So finally being able to put everything in one place and then look at everything in one place was huge.”
The tools of the trade
Customizable GL codes
“The GL codes are customizable and really it's easy to get out what you want just by straightening up your GL and getting things where you want them. I really like that feature.”
Cloud-based
“It's great that everything is web-based, we can log in from anywhere and often, we work at home if we have to, if someone's sick or has a kid that's sick, they can take their laptop and work at home.”
Single entry
“The ability to add corporate charges, all of these things to make my life easier, for sure. It eliminates the need to do a lot of dual entry.”
Owner portal
“I think what’s most important to our property owners is reporting, and they really like AppFolio’s reporting. They like having a statement that's detailed, and they also like being able to receive ACH payments as well. Some of our owners we've set up with view-only access, so they can actually log in and look at their properties and run reports for themselves.”
“I've watched AppFolio grow its accounting capabilities over the last several years and I get real excited when new things come out, especially when I've been thinking all along, ‘Oh, I wish we could do this to that! And every new feature that gets added, we get really excited because we're like, "Okay, how can we use this now to become more efficient? All of those things are great right now and helping us grow for sure.”
For example?
“eCheck payouts for security deposit returns is a great feature. Adding the projects is awesome, and purchase order functions — being able to assign certain costs to different projects— that's great as well. I also really like being able to create estimates in AppFolio for major renovations or something that's a higher value job.”
Your success is our success
“Having a support team that responds immediately to requests is really important. A lot of times when you're working through something and you have an issue, you don't have two days to wait for an answer, you know what I mean? The support reps at AppFolio are amazing and they're able to identify my issue very quickly and get right back to me.”
The power of community
“The database and the user community are great resources for talking to other accountants, seeing if they’ve ever had a similar issue, and finding workarounds and tips. That's an amazing resource.”
Space for more big-picture thinking
BK Management leans on technology to better fulfill its mission of providing quality, affordable and safe housing to the students of their community while continuing to grow the business.
“AppFolio automates a lot of the busywork and enables us to get a bigger picture of what's going on, and what we need to work on in order to continue to grow.”
Accounting Manager, BK Management
Customer Story
Erfolg Properties Customer Story | AppFolio Investment Manager
Erfolg Properties is a Santa Barbara commercial real estate firm built on personal relationships. See why they chose AppFolio Investment Manager to scale investor transparency, not headcount.
Focus Property Management | AppFolio Performance Platform
See how Focus Property Management uses AppFolio’s trusted data, AI, and automation to improve operations, empower teams, scale their portfolio, and elevate the resident experience.
Advanced Management Company: Space for More Results | AppFolio
Advanced Management Company struggled with disjointed systems and slow communication. Now, with AppFolio Property Manager, they operate faster, smarter, and more efficiently, delivering exceptional…
MasterKey Property Management: Unlocking Growth Through Performance-Driven Tools | AppFolio
MasterKey Property Management’s confident partnership with AppFolio from day one delivers performance-driven results. See how their confident commitment to performance and integrated AI is unlocking…
Real Property Management Express: Driving Growth Through AI-Powered Tools | AppFolio
Real Property Management Express's growth ambitions outpaced their old platform, leading to manual workarounds. See how AppFolio Max provides deeper automation and infrastructure for long-term…
An Investor's Take on the AppFolio Investor Portal
See why an experienced real estate investor makes the AppFolio Investor Portal his first stop, from K-1s to subscription agreements, all in one place.
Prosper Capital: Moving From Reactive Tasks to Proactive Performance | AppFolio
Prosper Capital needed more structure and automation to grow, hitting their old software’s limits. See how AppFolio delivers a unified platform to reduce operational headaches and elevate the…
Rent Right: Moving Beyond Tasks to Deliver True Results
Discover how Rent Right uses AppFolio to power performance, scale smart, and manage 730+ units efficiently.
See what AppFolio
can do for you
can do for you
Your success is our passion. Whether it’s onboarding, support, or strategic advice, product
experts are on call to answer your questions.