TrustRadius: an HG Insights company

Save this comparison

Save this comparison

Add Product

Recommended Comparisons

    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    AppFolio Investment Manager

    Score10 out of 10
    N/AAppFolio Investment Manager is a real estate investment portfolio management solution, that includes a digital investor portal to strengthens the brand and provides investors with on-demand information and metrics. It provides a single source of truth that fuels thoughtful transparency for teams and investors.N/A

    Covercy

    Score9.9 out of 10
    N/ACovercy is a Banking-Embedded Investment Management Platform built for commercial real estate investment firms. It offers automated distribution & capital call payment processing, an Investor Portal, and APY yielding checking accounts.

    $348

    per month

    Pricing
    AppFolio Investment ManagerCovercy
    Editions & Modules
    No answers on this topic
    No answers on this topic
    Offerings
    Pricing Offerings
    AppFolio Investment ManagerCovercy
    Free Trial
    NoYes
    Free/Freemium Version
    NoYes
    Premium Consulting/Integration Services
    NoNo
    Entry-level Setup FeeNo setup feeNo setup fee
    Additional Details
    More Pricing Information
    Community Pulse
    AppFolio Investment ManagerCovercy
    Considered Both Products
    AppFolio Inc.
    No answer on this topic
    Covercy
    Chose Covercy
    2 other platforms. I would say that it is the personal care, [...] and [...] and attention that tips it to Covercy.
    Incentivized
    Chose Covercy
    Covercy is most competitive in price when evaluated against companies like InvestNext.
    Incentivized
    Chose Covercy
    Most of them provide similar functions, but for me it was a matter of simplicity and cost. Covercy makes the most sense for our team and for our investors. The lighter our spend, the lighter our fees can be.
    Incentivized
    Chose Covercy
    Covercy was better suited for our needs. More customizable solutions and a more intuitive platform. AppFolio is our PM software and even despite this (at a similar price point) we chose Covercy.
    Incentivized
    Key User Insights
    Would buy again
    No answers on this topic
    100%
    Would buy again
    25 Answers
    Delivers good value for the price
    No answers on this topic
    100%
    Delivers good value for the price
    23 Answers
    Happy with the feature set
    No answers on this topic
    100%
    Happy with the feature set
    25 Answers
    Lived up to sales and marketing promises
    No answers on this topic
    100%
    Lived up to sales and marketing promises
    19 Answers
    Implementation went as expected
    No answers on this topic
    91%
    Implementation went as expected
    20 Answers
    User Ratings
    AppFolio Investment ManagerCovercy
    Likelihood to Recommend
    -
    (0 ratings)
    9.0
    (14 ratings)
    Availability
    -
    (0 ratings)
    9.4
    (11 ratings)
    User Testimonials
    AppFolio Investment ManagerCovercy
    Likelihood to Recommend
    AppFolio Inc.
    No answers on this topic
    Covercy
    Your customer service is the best part about Covercy. I love having a contact person that is responsive and helpful. Even if Covercy doesn't have a feature that we would like or need, we are always given workarounds or suggestions on alternative solutions. Our suggestions for portal improvements are always considered and being worked on by the development team. Covercy is working on improving the customer and investor experience
    Incentivized
    Read full review
    Pros
    AppFolio Inc.
    No answers on this topic
    Covercy
    • $3 Million in FDIC Insurance Account protection is unsurpassed and highly attractive to our project managers and investors.
    • The Onboarding of over 100 investors was simple and efficient using a spreadsheet import.
    • The Technical Staff was very helpful and supportive during our startup phase and handled project startup delays beautifully.
    • Covercy was able to handle member payouts that involved compilcated and varied bonus structures and 15 different income generating assets with varied investor contributors and we had great support in figuring out how to handle the profit distributions.
    • The Covercy Account Managers were highly professional and a pleasure to work with.
    Incentivized
    Read full review
    Cons
    AppFolio Inc.
    No answers on this topic
    Covercy
    • We need our investors to log in and see what offerings they are invested in.
    • There is no way to add documents/photos in an organized manner.
    • As a debt fund, we want to be able to showcase our offerings to our LP Portals.
    Incentivized
    Read full review
    Reliability and Availability
    AppFolio Inc.
    No answers on this topic
    Covercy
    Our experience has been excellent so far. The only hiccup that we have had happen was when we were testing our signed document and signature process and the document wasn't initially sending. We figured out why it wasn't sending and were able to correct that issue in a very timely manner.
    Incentivized
    Read full review
    Alternatives Considered
    AppFolio Inc.
    No answers on this topic
    Covercy
    I believe that Covercy is the only solution that is currently allowing Real Estate firms to distribute funds to their investors directly through the platform. Also, both other solutions are pretty expensive compared to the reasonable pricing that Covercy has in place (function of a number of properties rather than AuM or other methods).
    Incentivized
    Read full review
    Return on Investment
    AppFolio Inc.
    No answers on this topic
    Covercy
    • The ROI I can provide is for time management. It saves us at least 2 days' worth of work each quarter on capital distributions alone, and at least 30 minutes on each report distribution. Not to mention the amount of time it saves us on fielding client questions regarding their capital because they can just log in and see everything on their portal.
    Incentivized
    Read full review
    ScreenShots