Close More Online Lease Renewals
RealPage is the only vendor that offers a robust online renewal process that integrates with revenue management (YieldStar) and also offers you the ability to “upgrade” residents with lucrative offers. Online Renewals makes it quick and easy for residents to renew before they decide to look around. And there’s new evidence that 90% to 95% of residents will accept a modest rent increase upon renewal – so you can boost your bottom line without harming your occupancy.
Offer Renewal Incentives
Online Renewals makes it easy to reinforce your residents’ renewal decision while adding to your asset value. You can keep your residents right where they are by delivering time-sensitive offers with incentives that help you reduce shopping for competitive offers. Residents receive an e-mail with their renewal offer, along with incentive options, such as: gift cards or mp3 players, for accepting the renewal offer by a certain date. Communities that have used incentive offers have seen an increase in renewal acceptance rates. In fact, most residents renew their leases within three days of receiving their email offers.
Provide Amenity Upgrades
Help reinforce the buying decision to stay at the community. Through your resident portal, offer amenity upgrades on existing units to achieve a rent increase or as a renewal incentive. Residents can select options such as painted accent walls, granite countertops, upgraded appliances or larger closets. They actually enjoy upgrading and customizing their spaces. Upgrades also adds value to the property for future renters.
Store Leases Online
Our Document Management feature allows you to store, organize and manage all your leasing communications and forms through the extended library. Leases and forms are archived in a compliant, secure environment, delivering easy access for managers and for tenants. This reduces expenses around generating lease agreements and making copies. Furthermore, it delivers a complete picture of a transaction or customer relationship by versioning all created documents.