Daniel Godbout, CEO and Cofounder and Vincent Samuel, CTO & Co-Founder
The story of Daniel Godbout, the CEO at Foliolens, has an inspiring edge. It emphasizes the importance of identifying industry challenges and transforming them into opportunities. His brainchild, Foliolens, is all set for its launch in early 2022. One of the unique aspects of Foliolens is its ability to help landlords, property managers, and real estate investors manage and grow their rental portfolios with ease through the power of automation. “Our main objective is to digitalize the real estate industry and automate its inherent processes and administrative tasks to save property managers and real estate investment professionals a ton of time and lower their costs,” says Godbout, CEO at Foliolens. “We save time by removing all the data entry work and save money by focusing on where the weight comes in and alert and provide actionable data for people using the platform.”
It all began in the year 2016; as a technology startup advisor, and an avid investor, Godbout began investing in real estate properties, which included single and multifamily residential properties in different regions across the U.S. Over the years, as his real estate portfolio grew, he started facing challenges in managing the vast properties, in terms of managing documentation, tax compliance, staying up to date on payments and expenses, among others. He had to hire several people to manage multiple properties, which was a time-consuming and pricey endeavor. The need of the hour was a robust system that could help property managers and real estate investors like him to manage all the tasks associated with property management. Having been in the industry for a long time and experiencing all the challenges first-hand, Godbout and his partner Vincent Samuel identified this ample opportunity. They utilized it to develop preliminary software dedicated to assisting landlords, property managers, and real estate investors manage portfolios. As they brainstormed the company’s idea, they got more inputs and feedback from partners, which helped them improve and lay the cornerstone of full-fledged Foliolens, a promising and disruptive property management tool.
A Smooth Way of Managing the Properties
Foliolens is subscription-based property management software that offers the quintessential features that landlords and property managers need to manage their portfolios effectively and efficiently. The software is integrated with one-click data entry, intelligent alerts, online rent collections, tax prep support, personalized tenant/landlord portals, and a bird’s eye view of the rental portfolio right from the user’s phone.“Our strength lies in document capturing capability and intelligent document recognition function, which eliminates physical documentation and simplifies the process of harnessing data,” explains Daniel. The company’s services work just as well for small businesses as for large property management firms.
How does it work?
The users can capture, upload, or email any real estate document, and it is automatically identified and categorized with the help of optical character recognition (OCR).
The platform then organizes and populates the customers’ portfolios data and automatically presents trend reports and alerts for taxes, rent payments, and maintenance.
Flexible, Scalable, and Sustainable
Foliolens has no conventional hidden fees and offers a simplistic and straightforward user experience that boosts time and cost savings than other software solutions
The best part of Foliolens is its user-friendliness. The easyto-use dashboard gives property managers and landlords the essential information they want anytime and anywhere without searching or scrolling. The users can view their entire portfolio in real-time, search for important documents, and share them without hassle.
Foliolens’ other notable features include automatic document filing, address identification and mapping, automated tasks and reminders, periodic notifications for payments, as well as realtime dynamic reporting of trends. The users also get updated insights on tax and insurance to manage property taxes and insurance costs. The company has a unique Live-Chat feature to help new customers with the onboarding process.
Foliolens has no conventional hidden fees and offers a simplistic and straightforward user experience that boosts time and cost savings than other software solutions. Foliolens is delivered to users with different types of subscription plans. Tenants will get a web portal, whereas property managers, landlords, and owners receive a mobile app. While the managers and owners get an affordable low-cost subscription plan, owners get a no-cost subscription.
The users can decide which features will help them when they set up their property management software subscription. The more people use this software, the more they can see how it can save their time and costs. The company’s three-tiered pricing structure will give customers the freedom to utilize those features that help and not pay for those they don’t want. On top of that, the company provides 24/7 customer support to mitigate user issues for a unified transition to automation and ongoing improvements or changes. “Our goal is to remove the middle man, make our customer the investor, the landlord, and the property manager without the stress and responsibilities,” says Godbout. While the managers and owners get an affordable low-cost subscription plan, owners get a no-cost subscription.
Making Real-estate Space Smarter
In the future, Foliolens will integrate with numerous API providers, which will assist in data extraction from other apps by integrating the platforms such as payments gateways and GPS, to name a few. The company also plans to launch its portfolios across all platforms, generating more insights and making all property-related processes digital. Furthermore, Foliolens is looking to support short-term rentals like the Bed and Breakfast (B&B) market, enabling them to expand their customer base all the more. “All-in-all, we look forward to creating a marketplace that’s not tailored towards the property vendors but beneficial for people using the prop-tech platform and laden with services that are helpful and desired by the customers.” explains Daniel.
Currently, Foliolens is focused on the launch of its product. The pandemic has accelerated the need for partners like them in the PropTech industry, as they can digitalize all the processes and tasks while abiding by COVID restrictions and norms. With such significant initiatives and high-quality products, Foliolens is bound to reach greater heights in the coming days.