AppFolio and Second Nature Partner to Elevate Resident Experience in Property Management

AppFolio, Inc. (NASDAQ: APPF), a leader in real estate technology solutions, has announced a new partnership with Second Nature, a top provider of resident experience services. The collaboration aims to enhance convenience for renters while helping property managers meet operational and compliance demands more efficiently.

Through this partnership, AppFolio users gain access to Second Nature’s full suite of offerings via the AppFolio Stack™ partner ecosystem. The integrated services include benefits such as credit building, air filter delivery, pest control, rewards, and more. One of the featured services is Group Rate Internet, which enables residents to access high-speed internet at favorable rates.

Insights from upcoming industry data reveal that although a significant majority of renters place high value on resident benefits, less than half report receiving them at their current residences. Enhanced services and amenities rank among the top reasons for choosing a rental, underscoring the need for property managers to innovate in order to meet resident expectations.

Company leaders emphasized the importance of the collaboration. AppFolio’s Senior Vice President of Product described the initiative as an investment in tools that empower property managers to exceed resident expectations. By streamlining operations and offering bundled services, the goal is to deliver unmatched satisfaction across the board.

Second Nature’s CEO echoed this sentiment, stating that the mission is to create "Triple Win Experiences"—where residents, investors, and property managers all succeed. The integration of Second Nature’s offerings into AppFolio’s ecosystem represents a major step toward delivering seamless, value-driven experiences.

The initiative further strengthens AppFolio’s commitment to providing modern solutions for property management. Complementing other innovations such as FolioSpace™ and AppFolio Realm-X, this partnership is part of a broader strategy to simplify leasing, automate routine tasks, and elevate the renter journey through smart, scalable technology.

AppFolio Appoints Robert Donald Casey III to Board of Directors

AppFolio, Inc. (NASDAQ: APPF) has announced the appointment of Robert Donald Casey III to its Board of Directors, expanding the board from eight to nine members. Mr. Casey will serve as a Class II Director, with his term continuing through the company’s 2026 Annual Meeting of Shareholders.

Mr. Casey brings over a decade of experience as a director, executive, investor, and advisor in the technology sector. He is the founder and CEO of Santa Barbara Management and a Partner at Partners Fund Capital. His previous roles include President, CFO, and Board Member at Tegus, Inc., Partner at the Investment Group of Santa Barbara, and CEO of Mindflash. He also co-founded and led YouRenew, later acquired by Clover Technologies.

The Board has confirmed Mr. Casey's independence under Nasdaq rules. He will receive standard compensation applicable to non-employee directors and has entered into the company’s customary indemnification agreement.

AppFolio, Inc. reported strong financial results for the fourth quarter and fiscal year 2024, highlighting continued growth and innovation. The company’s revenue grew by 19% year-over-year in Q4, reaching $204 million, and by 28% for the full year, totaling $794 million.

Key financial metrics include a GAAP operating income of $23 million for Q4 and $136 million for the year, reflecting significant improvement from 2023. The company’s non-GAAP operating income for 2024 was $200 million, more than double the previous year’s $76 million.

Net cash provided by operating activities increased to $188 million for 2024, and non-GAAP free cash flow reached $182 million, demonstrating improved efficiency and profitability.

For 2025, AppFolio expects revenue between $920 million and $940 million, with a non-GAAP operating margin of 24.5% to 26.5%. CEO Shane Trigg emphasized the company’s focus on AI and enhancing the resident experience, which continues to drive customer growth and retention.