Insights and Strategies
AI for Property Management
See how new advancements in AI for property management and automated property management systems can help you run a more profitable business and deliver extraordinary experiences.
Keep ReadingThe State of AI in Property Management
Generative AI tools are growing rapidly, , and companies are beginning to harness this powerful property management technology by significantly increasing productivity and automating property management workflows. However, as with any disruptive technology, there are challenges, and some are still uncertain about the ultimate impact AI will have on the industry.
Why Property Management Companies Need to Adopt AI Now
When used responsibly, AI can revolutionize property management for the better. By embracing AI, businesses can remain competitive, reduce manual tasks, and solve their most pressing challenges, including staffing hurdles, process inefficiency, and tough operating margins.
“Imagine having AI come in, respond to the obvious, organize the exceptions, and prioritize tasks based on how you run your business. That’s how your employee experience is going to change because now, they’re going to focus on what you hired them to do in the first place.”
How Property Management Teams Can Benefit From AI
How AI Can Work as an Extension of Your Team Across Your Operations
Follow these strategies to maximize your people and processes.
Marketing
Use AI to auto-generate detailed marketing descriptions for your properties and individual units to post on your website and third-party listing sites.
Leasing
Let AI in property management work as an extension of your team to thoughtfully respond to prospects 24/7 and automate key leasing processes, like scheduling showings, finalizing lease agreements, and processing lease renewals.
Maintenance
Intelligently manage requests, respond to your residents faster, automatically dispatch pre-approved vendors, and easily complete repairs with a fully AI-powered maintenance flow.
Accounting and Reporting
Save time, increase visibility, and minimize errors and inconsistencies by using AI technology to process invoices, collect late fees, and generate monthly owner statements.
Get Your Business AI-Ready by Following These Steps
Look for Purpose-Built AI Solutions
The technology partner you select to bring you into the age of AI matters. Instead of adding extra tools or disparate solutions on top of your existing tech stack, search for a centralized platform that can be fully integrated into your everyday operations to provide a solid foundation for AI.
Assess Your AI Readiness
AI depends on clean and reliable data to analyze, learn, and make more accurate predictions. Before implementing AI, all of your core business processes and data need to be digitized and standardized within a single system of record.
Embrace Responsible AI
AI is powerful, and it’s crucial to commit to fair and ethical practices. Adopt technology from vendors that use a responsible AI framework to develop their products and services.
Set Team Members Up for Success
Educate employees on how AI can empower them to work more efficiently and expand their skill set. Additionally, ask for feedback and ideas on ways they can implement AI in their day-to-day roles.
Multiply Your Impact With AppFolio Realm-X
See how you can shift from reactive to proactive, spend less time on manual busywork, and more time setting your next big idea in motion with property management tech that’s automated by AI — and controlled by you.
Learn More“AppFolio Realm-X has completely shifted how we manage our properties. With its intuitive interface and powerful capabilities, we've seen significant improvements in efficiency and productivity across our portfolio.”
CEO, Hogan & Vest