Automated Rate Setting Delivers up to 15% Revenue Growth for Resource Residential
There is only one thing Resource Residential likes better than the smart science involved in automated rate setting - the results. Since rolling out its automated multifamily revenue management software solution two years ago in its 52 communities from Maine to the Southwest, the apartment management company has followed the system's recommendations to lease rate increases as high as 15% for some communities.
"We use the LRO revenue management system from The Rainmaker Group at all our properties. We also install it at newly acquired communities," said Kevin ...