Revenue Management

Property managers want to lease to a prospective resident at a fair price, but don’t want to concede too much in lease negotiation. Revenue management is about finding the perfect point in the middle, where the price is right in the customer’s view and yet still adds to the bottom line. If it’s priced too low, you’ve lost money. If it’s priced too high, you’ve lost the customer. In short: The challenge is to sell the right resources to the right customer at the right time for the right price.

property management
 

7 Tips to Improve Your Property Management Expenses and Financials

The accounting, purchasing, and budgeting processes in property management don’t have to be painful. Managing the complexities of a large or small portfolio of apartments and other lease properties requires a keen eye and efficient processes. And as difficult and cumbersome as it may sound to blend all the moving parts of property management into[]

revenue management software
 

Revenue Management Software is Paving the Way for the Future

When a leader with 20 years of experience in revenue management software and business intelligence talks analytics, you don’t expect to walk away with new ideas for communication, collaboration and profit for your business. Keith Dunkin is the senior vice president of YieldStar, the revenue optimization and business intelligence platform at RealPage, Inc. Dunkin is an integral part of[]

Business Intelligence Senior Housing
 

The Power of Business Intelligence in Senior Housing

Manage the growth of senior housing through business intelligence As more baby boomers age, the prospective pool of senior living residents – and with it the need for senior housing – grows each day. While the metrics that drive multifamily marketing may appear to diverge when it comes to senior housing, marketers should not overlook[]

performance benchmarking
 

What is Performance Benchmarking and Why Does Your Score Matter?

Imagine looking out your windshield while driving through the apartment industry landscape, searching for actionable intelligence that maximizes investment yields and asset returns. The countryside is full of dashboards, graphs, and data that would presumably help you formulate a strategy to attract new renters and maintain existing residents. The unfortunate reality is that data currently[]

revenue management
 

Growing the Pie on Revenue Management

Revenue management helps property managers find the right balance in rents Whether a community is leasing up for the first time, undergoing a makeover or just riding the ebb and flow of market cycles, apartment owners and operators must find the right balance in rent prices so their properties perform at maximum efficiency. However, equalizing[]

 

5 Reasons You Need Lease Transaction Benchmarking

How do you measure property performance? For years, owners, operators and investors have sought out this answer. Many will call up their local competitors (or pay someone to do it) with cleverly disguised voices and ask, “How much does a one-bedroom cost?” They do this week after week, assuming that they are not only getting[]

renter nation
 

The Shift Toward Renter Nation

A consistent sentiment among multifamily housing leasing professionals is to know your resident and understand that one size does not fit all. The industry has strived in recent years to appeal as much as possible to individual preferences, especially in lease processes, while keeping a keen eye on the trends that drive folks to rental[]

real estate investment portfolio
 

6 Challenges in Tracking Your Real Estate Investment Portfolio

If you’re a real estate asset manager, portfolio manager, limited or general partner, or just about anywhere in the capital stack, you know the pain and complexity of managing a portfolio of real estate properties. Whether you own, manage or just invest, tracking property data is critical to understanding whether your portfolio is performing. Managing[]

 

What is Portfolio Asset Management for Real Estate?

Real estate asset and investment firms deal with tons of incoming data every day, in regard to their assets. That information must be collected, consolidated, and analyzed. Then, reports must be created and shared throughout the organization. It’s an arduous process. And without the right tools, it can also be error-prone frustrating and expensive. That’s[]

 

What is Real Estate Enterprise Accounting?

In a real estate business climate where products cover every niche available, one area has been surprisingly lacking:  accounting for real estate investment companies. Products that perform exceptionally and truly cater to this segment are in short supply, especially in the mid-market range. Real estate enterprise accounting helps private equity real estate firms, Limited Partners[]

Follow PMI


Property Management Insider is brought to you by RealPage. Learn more.

 

© RealPage, Inc. All trademarks are the properties of their respective owners. 1-877-325-7243 | Terms & Conditions | Privacy Policy | DMCA Notice | Sitemap