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Revenue Management
Market and competitor pricing data is often complex, unreliable, and risky. Plus, your community's needs and goals differ from nearby competitors. RentVision Revenue Management uses only your marketing and leasing data to predict supply and demand, ensuring optimal pricing for your communities.
Eliminate complex rent tables and manual tasks with RentVision Revenue Management. Our revenue software simplifies operations and enhances the leasing experience with weekly pricing updates, automated adjustments, and painless integrations. Experience a smoother process for both staff and renters.
You’ll never wonder again how your communities’ new lease or renewal rents are set. RentVision Revenue Management's detailed pricing breakdowns show you and your teams every factor impacting each unit's rent price, resulting in clear, trustworthy pricing conversations with current and future renters.
We know you have different goals for each property in your portfolio. Want to improve occupancy, maximize revenue, or achieve a balance of both? We've got you covered with software engineered to set new lease and renewal prices catered to the objectives for each property.
Most revenue systems are completely siloed from marketing, causing overcorrections in both unit pricing and marketing spend. But by pairing RentVision's marketing solutions with our revenue software, your two most powerful demand levers work together to deliver optimal prices and better marketing ROI.
Need to send a renewal offer? RentVision Revenue Management can automatically generate renewal terms, pricing, and letter offers in seconds. Plus, customize your renewal letter templates to fit your community's needs.
RentVision Revenue Management will show you when upcoming lease expirations line up for the next 18 months at the community and floorplan configuration levels. By knowing in advance the months where you'll be over-exposed and ones where you'll have space, RentVision can customize your renewal terms and pricing to better stack your expirations and avoid excess vacancy.
CASE STUDY
See how communities with RentVision Revenue Management outperformed the competition and maximized AMP's revenue.
View Case StudyMultifamily revenue management software assists apartment owners and operators in dynamically adjusting the prices at which they offer their units for rent based on supply (available units) and demand (prospective and current residents) at a particular apartment complex.
What sets RentVision Revenue Management apart from other multifamily revenue software is that it doesn't use market or competitor data to determine price. Instead, our algorithm utilizes each community’s unique indicators of supply (its current and future vacancy) and demand (leasing activity and predictive website traffic data) to set prices more accurately.
Competitor and market pricing data is unreliable and does more harm than good to your communities. Every community experiences unique demand seasonality, and the circumstances regarding the setting and changing of another property's rent prices are different from yours.
When you or your current revenue management software factor in competitor pricing, you and all the other communities in your market begin to form circular dependencies and make pricing decisions that lag behind what the market supports. This causes you to lose revenue you would have otherwise taken advantage of. Even worse, competitor pricing data introduces pricing collusion and lawsuit risks.
Several factors impact how RentVision Revenue Management algorithms respond when setting renewal pricing. Like new lease pricing, our software looks at your community's unique supply and demand data but adjusts for additional factors like seasonality and the number and timing of other lease expirations.
On top of that, you'll have powerful levers to control how you want your current tenant's renewal pricing to respond to your community's current market rates. You determine how aggressive the software is when increasing renewal rental rates and can also set a cap on the percentage of how much prices decrease when in a declining market.
No matter your preferences, RentVision Revenue Management has you covered with simplified renewal rate settings customized to your communities' goals.
Most communities using our revenue management software want to maximize revenue, but others wish to increase occupancy or achieve steady rent growth. Are you looking to sell your property, or in the middle of refinancing and need to reach a specific occupancy target? Whatever your revenue objectives, we empower you with simple, powerful settings that put you in control.
Our software will incrementally lower the rent price when the algorithm detects that your future supply will outweigh your future demand. It will also apply automated discounts when there is too much vacancy in a single floorplan or when an individual unit has been vacant and ready for an extended period.
Price is a vital piece of information every prospective renter wants to see when searching for an apartment, and it's critically important that your pricing strategy considers their needs and eliminates any unnecessary confusion.
There are several key ways we built RentVision Revenue Management with the renter experience in mind:
1. Instead of showing large price ranges on your website—a common issue with other revenue management software—we simplify things for renters by only showing the rent price for a standard 12-month lease term.
2. We provide detailed pricing breakdowns for new leases and renewals so your staff can clearly explain why the price is what it is in leasing conversations.
3. We only adjust prices weekly and incrementally to avoid aggressive, frequent price swings that disengage prospective renters during their shopping experience.
We built RentVision Revenue Management with your on-site teams in mind by eliminating the most frustrating things they experience using other revenue management systems, like keeping up with wild daily price swings, complicated leasing tables or spreadsheets, and unexplainable price ranges shown online.
By automating pricing for new leases and renewals and providing detailed explanations for those prices, your site staff will have a smoother experience with our revenue software and have more time to focus on the things that truly matter, like your residents.
Though our revenue software is a great standalone automated price-setting tool, combining it with RentVision’s other marketing products, like Predictive Advertising and Community Websites, means your pricing and promotion demand levers always work together.
If a floorplan's Future Occupancy goes below target, your digital ads and budget, community website, pricing, and predictive specials will all begin to address the problem proactively.
Together, you get the right amount of qualified traffic and optimal rent prices for every unit simultaneously, all of which work toward achieving your communities’ objectives.
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