RealPage Revenue Management Improves Lease-Ups
When Linda Coburn started as Director of Asset Management at NexMetro Communities two years ago, she saw an opportunity for improvement in their lease-ups. When they switched to RealPage® Revenue Management services and YieldStar®, their absorption rates improved tremendously. Revenue Management with automated pricing structures ensures they continuously get the best price for available units while maintaining stabilization and expiration rates. NexMetro stays on top of important data points and market factors through their weekly phone calls with a RealPage pricing advisor. YieldStar has helped create a consistent approach to renewal conversions and allowed property managers to increase renewal trade-outs from a conservative 3% maximum all the way up to 8% without losing residents. RealPage Revenue Management with YieldStar helps maintain optimal pricing while keeping property performance balanced.
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