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.

5 Ways to Harness Big Data for Better Property Management

Big Data is as essential to today’s successful property management company as having the right people and best assets. But Big Data shouldn’t replace an organization’s ability to make a decision, rather become an extension of expertise and know-how. So what exactly IS Big Data and how can property management companies take advantage of it?

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