Livly Joins Forces with AppFolio to Revolutionize Multifamily Property Management

Rhea-AI Summary

Livly and AppFolio (NASDAQ: APPF) have announced a strategic partnership aimed at enhancing multifamily property management. This collaboration will integrate Livly's resident engagement tools with AppFolio's property management software. Key benefits include a unified app for residents, AI-powered tools for property managers to improve efficiency, and advanced analytics for data-driven decisions. The partnership will launch in Q3 2024, with features such as a centralized resident portal, AI-driven leasing, amenity management, and package solutions. This move is seen as a significant advancement for both companies in the prop tech industry.

Positive

• Seamless integration of Livly tools into AppFolio's platform.
• Enhanced resident experience with a unified app.
• Improved operational efficiency through AI-powered tools.
• Deep analytics and reporting for informed decision-making.
• Scheduled launch of integrated solution in Q3 2024.

Negative

• None.

CHICAGO, June 26, 2024 /PRNewswire/ -- Livly, a premier provider of cutting-edge property management solutions, today announced a strategic partnership with AppFolio (NASDAQ: APPF), a leader in real estate technology. This collaboration marks a pivotal moment as Livly integrates its innovative resident experience platform with AppFolio's robust property management software, setting a new standard of excellence for multifamily property managers and residents.

Key Highlights:

1. Seamless Integration: Livly's suite of resident engagement tools will seamlessly integrate into AppFolio's comprehensive property management platform.
2. Enhanced Resident Experience: This partnership will deliver a unified, intuitive app for residents, simplifying processes from applications to lease renewals.
3. Improved Operational Efficiency: Property managers will gain access to advanced AI-powered tools and automation, significantly enhancing productivity.
4. Data-Driven Insights: The combined solution will offer deep analytics and reporting capabilities, empowering informed decision-making.

Alex Samoylovich, Livly CEO and Co-Founder, expressed enthusiasm: "Our collaboration with AppFolio represents a transformative leap forward for multifamily property management. By combining Livly's innovation with AppFolio's robust platform, we're poised to deliver unparalleled value to property managers and residents. This marks an exciting milestone for Livly and the prop tech industry."

According to Livly President David Shaw, "The partnership addresses the evolving landscape of multifamily housing, where digital transformation is reshaping expectations and operational norms. Livly's integration into the AppFolio Stack Marketplace, the only Resident Experience integration of its kind among over 50 App and Solution Partners, will enable seamless access to Livly's tools through AppFolio's centralized hub. This partnership exemplifies AppFolio's commitment to elevating their customers' experiences and solidifies LivlyOS as a solution that works within any asset class across multiple property verticals.``

The integrated solution is slated for launch in Q3 2024, boasting features such as:

• A unified resident portal for seamless communication and service requests
• AI-powered leasing and renewal processes
• Advanced amenity management and booking systems
• Comprehensive package management solutions

About Livly, Inc. 

Livly is a leading provider of innovative property management solutions, dedicated to enhancing the multifamily living experience through technology. Founded in 2017, Livly has built the first enterprise-grade resident operating system combining both technology and services which acts as the connective tissue within resident communities and an intuitive remote-control to apartment living. Livly's suite of mobile and web applications offer a one-app solution for property management teams and residents to deliver an improved resident experience, streamline building operations, and increase property NOI. For more information, please visit Livly's website at www.livly.io.

About AppFolio

AppFolio is the technology leader powering the future of the real estate industry. Our innovative platform and trusted partnership enable our customers to connect communities, increase operational efficiency, and grow their business. For more information about AppFolio, visit appfolio.com.

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SOURCE Livly

FAQ

What is the key highlight of the Livly and AppFolio partnership?

The key highlight is the seamless integration of Livly's resident engagement tools into AppFolio's property management platform, enhancing efficiency and resident experience.

When will the Livly and AppFolio integrated solution launch?

The integrated solution is scheduled to launch in Q3 2024.

How will the partnership between Livly and AppFolio benefit property managers?

Property managers will benefit from AI-powered tools and automation, improving productivity and operational efficiency.

What new features will residents experience following the Livly and AppFolio partnership?

Residents will experience a unified portal for communication, AI-powered leasing, advanced amenity management, and comprehensive package solutions.

What stock symbol is associated with AppFolio in the Livly partnership announcement?

The stock symbol associated with AppFolio is NASDAQ: APPF.