Don’t Miss This! Unveiling of “AIRM” AI Revenue Management at RealWorld

Savvy multifamily operators are now pricing rents for over four million units with the help of RealPage revenue management. It has given them a dramatic advantage in insuring they’re not missing revenue opportunity by overpricing or underpricing rents. And not just during tricky times like these, but in all kinds of markets. One of the most exciting sessions at RealWorld will see the unveiling of the new AI (artificial intelligence) Revenue Management solution, taking the technology to a whole new level that can unlock up to 400 basis points of unrealized incremental revenue! Revenue management proven for multifamily Years ago, RealPage’s breakthrough revenue management software introduced game-changing pricing technology to the industry. It weighs fluctuating supply and demand, seasonal impacts, competitor pricing, and investment strategy. With proven success in multifamily, this scientific approach to optimizing revenues for an asset takes into account inventory by unit type, upcoming expirations, competitor pricing and inventory, market velocity, and more to suggest optimal pricing for every unit, every day. New: Super-charged price optimization and extension to the “four pillars” of revenue Following decades of proven performance with our YieldStar and LRO solutions, we’ve supercharged the next generation of price optimization. Bringing components of both systems together to provide even more pricing precision and extending optimization to amenities, to identify hidden yield within each unit. AI Revenue Management now looks at an even bigger picture: all four primary pillars of revenue. Not just price, but also credit, marketing, and leasing effectiveness. Pricing rents correctly is critical, but there are at least another 200 to 400 basis points in revenue to unlock by optimizing in these other areas. That’s billions of dollars waiting to be realized. Why is it important to consider these other factors in revenue optim...

Don’t Miss This! Unveiling of “AIRM” AI Revenue Management at RealWorld

Savvy multifamily operators are now pricing rents for over four million units with the help of RealPage revenue management. It has given them a dramatic advantage in insuring they’re not missing revenue opportunity by overpricing or underpricing rents. And not just during tricky times like these, but in all kinds of markets. One of the most exciting sessions at RealWorld will see the unveiling of the new AI (artificial intelligence) Revenue Management solution, taking the technology to a whole new level that can unlock up to 400 basis points of unrealized incremental revenue! Revenue management proven for multifamily Years ago, RealPage’s breakthrough revenue management software introduced game-changing pricing technology to the industry. It weighs fluctuating supply and demand, seasonal impacts, competitor pricing, and investment strategy. With proven success in multifamily, this scientific approach to optimizing revenues for an asset takes into account inventory by unit type, upcoming expirations, competitor pricing and inventory, market velocity, and more to suggest optimal pricing for every unit, every day. New: Super-charged price optimization and extension to the “four pillars” of revenue Following decades of proven performance with our YieldStar and LRO solutions, we’ve supercharged the next generation of price optimization. Bringing components of both systems together to provide even more pricing precision and extending optimization to amenities, to identify hidden yield within each unit. AI Revenue Management now looks at an even bigger picture: all four primary pillars of revenue. Not just price, but also credit, marketing, and leasing effectiveness. Pricing rents correctly is critical, but there are at least another 200 to 400 basis points in revenue to unlock by optimizing in these other areas. That’s billions of dollars waiting to be realized. Why is it important to consider these other factors in revenue optim...
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