SUCCESS SNAPSHOT
Streamlined Accounting with an Innovative Technology Solution
The Equity Group
- HEADQUARTERSVisalia, CA
- PORTFOLIOMultifamily Residential, Single-family Residential
- PREVIOUS SOLUTIONManage It
- YEAR ESTABLISHED2002
- UNITS MANAGED2,900+
AppFolio has been great with the roll out of new programs to help us deal with COVID-19. New forms and systems help us navigate the ever-changing requirements that are placed on us.
STEVE DUERRE
President, The Equity Group
Founded in 2002, The Equity Group manages a large portfolio of multifamily and single-family residential properties in the Central Valley of CA. They have acquired several smaller property management companies, adding hundreds of units to their portfolio over the last 15 years.
Growth with AppFolio Property Manager PLUS:
Unit Growth
with AppFolio
Time Saved/Month
on Accounting
Online Payments
80%Online Rental
Applications
Challenge: With technology moving at such a fast pace, the Equity Group was finding it difficult to adjust to market trends quickly without purchasing new, third-party systems to supplement their old property management software. They were also spending nearly a third of their time on mid-month and month-end accounting close outs.
Impact: With AppFolio, Steve Duerre and his team save nearly 8 full days of accounting work. As a result, The Equity Group has been able to increase their portfolio each year without hiring new staff. Steve says “AppFolio software makes accounting and communication simple. We still cannot replace human to human interaction, but AppFolio has made it easy to communicate faster and more efficiently than the old days of property management.”