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In the evolving landscape of student housing and large residential property management, efficiency isn't just a buzzword — it's the cornerstone of success. Managing student housing demands attention to detail and the ability to handle large volumes of resident turnover, especially during peak seasons.
If you use multiple software platforms to manage your student housing properties outside of your business’s main property management system, it can be harder to see your data and pull the insights you need to market and pre-lease properties effectively, which can negatively impact your ability to maximize occupancy rates.
AppFolio Property Manager Plus offers Bulk Actions functionality that's designed to transform the way you handle move-outs, pricing updates, and lease renewals, available within our Plus and Max plans. Read on to discover how the right technology can boost productivity for not only your student housing properties but your entire portfolio.
Category: Customer Experience
Last modified: Apr 17, 2024
By: Sam Chen
One of the most significant pain points in student housing management is the move-out process. The extensive process of conducting move-out inspections, handling security deposits, and organizing cleaning and repairs at the end of the school year can be overwhelming. However, with the right tools, these tasks can be systematized and efficient.
AppFolio Bulk Move-Outs address this challenge head-on, offering an efficient, error-minimizing solution. With Bulk Move-Outs, you have a single workflow to quickly move out a large number of residents from your properties at the same time. In one view, you can easily set move-out dates, create work orders, or add move-out charges for hundreds of residents in just a few clicks. This feature not only saves weeks of manual work but also significantly reduces the risk of errors and burnout, ensuring a smooth transition for residents and your teams.
Following the move-out season, you must quickly pivot to lease renewals. The traditional approach to managing individual lease renewals is difficult and time-consuming, resulting in mistakes and inefficiencies.
AppFolio Bulk Lease Renewals streamlines the process of renewing leases and saves you valuable time by offering customizable options for renewal terms. Not only does this improve operations, but it also streamlines communication with residents to secure housing for the upcoming term.
In a single, centralized view, you can send out multiple lease renewals simultaneously, as well as:
As a student housing operator, being able to efficiently update future market rent and effective dates, as well as adjust the advertised rent throughout the 9-month pre-leasing season is paramount in reducing operational overhead and driving occupancy.
AppFolio Bulk Pricing introduces a central hub for updating rent prices across your entire portfolio. A key component of this feature is the ability to quickly and easily update pricing across all units, unit types, and campaigns. This feature significantly cuts down the time spent on repetitive data entry, ensuring your team has a single, accurate source for all pricing information.
If you’re an AppFolio customer, check out this helpful article to learn how bulk actions offer unmatched efficiency and accuracy in managing move-outs, pricing, and lease renewals. If you’re not yet an AppFolio customer and would like to see how our one powerful platform can support your business as you grow, sign up for a free customized product demo.