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Maintaining Rapid Growth with AppFolio Property Manager PLUS: A Case Study on Tzadik Management Group
Technology Category
- Analytics & Modeling - Real Time Analytics
Applicable Industries
- Buildings
- Education
Applicable Functions
- Procurement
Use Cases
- Inventory Management
- Virtual Training
Services
- Training
The Challenge
Tzadik Management Group, a real estate management company with over $400 million in assets and more than 7,000 units, was facing challenges in managing its rapid growth across five states. The company's previous solution, Yardi, was not able to provide the real-time, on-the-go interaction and responsive reporting that Tzadik needed to measure results and provide daily financial statements to its customers. The company was also struggling with the process of onboarding new properties due to its constant acquisitions. The lack of a centralized support team that understood their business practices and could provide custom training and real-time support was another challenge that Tzadik was facing.
About The Customer
Tzadik Management Group is a real estate management company based in Miami, Florida. Established in 2007, the company manages more than $400 million in real estate with over 7,000 units. Tzadik's rapid growth has allowed it to expand to five states. The company is constantly acquiring new properties and aims to grow across multiple markets in the U.S. simultaneously. Annelise Kapish, the Financial Controller at Tzadik, oversees the company's day-to-day accounting operations.
The Solution
Tzadik Management Group transitioned to AppFolio Property Manager PLUS, a real estate management solution tailored to their industry. AppFolio provided real-time interaction and responsive reporting, allowing Tzadik to measure results and provide daily financial statements to its customers. The solution also allowed Tzadik to stay ahead of the curve in a technology-focused industry. AppFolio's centralized support team provided custom training and real-time support, helping Tzadik streamline its processes across the business. During the transition, AppFolio's team formatted Tzadik's data, provided a project plan and timeline, and helped digitize and import the information into AppFolio. The transition was completed within a tight deadline of two weeks, with AppFolio delivering weekly updates and check-in calls to ensure a smooth migration.
Operational Impact
Quantitative Benefit
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