...and Put More Money Back Into Your Pocket

Identify residents who are not paying their fair share while they are
still on your property. Velocity’s enhanced daily vacant cost recovery (VCR) service further closes the continuous service agreement loop-hole by identifying residents who fail to promptly transfer utilities into their names upon move in or switch the utilities back to you prior to move out. The VCR service is now performed each and every day with real-time charges imported to your leasing system and separate notices mailed to residents.

With our daily, automated vacant cost recovery process, owners recover an average $2.83 per unit per month—an ROI of greater than 600%. Where allowed, you can assess penalty fees to offset or completely cover the costs of using this valuable service.

Velocity enables site staff to generate more accurate final account
statements when a resident moves out. Being able to collect utilities due while residents are still on the property significantly increases final utility collection rates.