In This Issue
Yardi News
Yardi Joins Forces with The Home Depot® Read More»
Yardi Acquires Centershift
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Yardi Acquires Enerliance
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Client News
Tarragon Property Services Increases Occupancy and Adds Resident Services with RENTCafé Read More»
TriBridge Residential Opts for Full Yardi Multifamily Solution Stack Read More»
Moss and Company Achieves New Efficiency with the Yardi Multifamily Suite Read More»
Client in Focus
Post Glen Improves Maintenance Response Read More»
Product & Technology News
Yardi Unveils Yardi Marketplace
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Orion Business Intelligence Now Includes New Collaboration Feature Read More»
1,500-plus Adoptions and Realcomm Digie Award Highlight Eventful Year for Yardi Voyager 7S Read More»
Industry Trends
Resident Retention
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Apartment Market Update
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Revolutionary Revenue
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Events
Spring YASC 2015
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Contact
Yardi Systems
North America
430 S. Fairview Avenue
Santa Barbara, CA 93117
United States
Sales: 800-866-1144
Support: 800-866-1124 sales@yardi.com
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Revolutionary Revenue
In a competitive rental market, multifamily apartment managers who make use of revenue management software are able to optimize pricing, ensuring that no potential revenue is left on the table.
Yardi RENTmaximizer™ users see an average 2 to 5 percent revenue lift over existing market rates. Recently, the ability to analyze portfolio or property performance comparative to the regional market performance has become even more powerful within the product platform.
“We’re now incorporating all the benchmark data from real estate intelligence provider Pierce-Eislen into the RENTmaximizer product,” shares Dharmendra Sawh, industry principal for revenue management at Yardi. “This allows our customers to see exactly what revenue gains they are achieving, not only at their own property, but in comparison to their regional market.”
Acquired by Yardi in 2013, Pierce-Eislen provides nationwide intelligence on markets, submarkets, competition, developments, rents, and more.
A comprehensive analysis of properties within the 63 U.S. markets where Pierce-Eislen conducts data surveys revealed that RENTmaximizer users, on average, beat their market baseline market performance by 2 percent. In certain markets, gains were even larger. Denver, Colo. has seen rents jump 8.88 percent on average. But communities on RENTmaximizer saw 13.3 percent gains.
“A four percent overage in such an aggressive market is impressive,” Sawh said. “It’s indicative of our effort to deliver better results, better service and complete visibility to our clients.”
As part of the RENTmaximizer service experience, a dedicated revenue analyst is made available to help configure the product according to users’ internal business rules and goals. Providing additional visibility into performance, three annual meetings with a Yardi analyst to assess property performance and consider enhancements and adjustments are offered as well.
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Residential Market - Winter 2015
