September 29, 2023
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Santa Barbara’s AppFolio announces new offerings


Santa Barbara-based property management software provider AppFolio announced the release of a new renters insurance and same-day Automated Clearing House payments offerings for its customers.

The announcements coincided with the start of its fifth annual customer conference in Santa Barbara on Sept. 18, which included opportunities for networking and education sessions. Tenants will also be able to use Amazon Alexa voice commands through the software, for things like paying rent or submitting maintenance requests, the company said in a news release.

“Today’s renters want a hassle free way to find and obtain insurance that protects their belongings,” said Nat Kunes, vice president of product management for Appfiolio Property Manager. “Renters Insurance is a great solution that protects the renter, property manager and owner from risks associated with renters’ personal property damage or loss.”

The two products are an addition to its Value+ Service portfolio, extending its current tenant liability insurance and electronic payments capabilities.

“Same-day ACH shortens the time it takes to process payments from next business day to within the same business day,” Kunes said. “AppFolio is the first in the industry to offer this capability, which is a key benefit for property managers, helping to facilitate urgent repairs, expedite payments to their owners and overall more effectively manage cash inflows and outflows for better leverage of their business.”

Shares for the company ended Sept. 21 at $46.05, up more than 3 percent since the announcement.

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