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Beyond Rent: Exploring Property Management

Property management is an ever-changing field that seems to evolve just when you think you have a solid grasp on it. That’s why it’s imperative to stay informed and pivot along with the industry. Rent Manager's Beyond Rent is a brand-new bi-weekly podcast full of the latest trends, technology, and best practices affecting property management today. Hear from true trailblazers and agents of change from all walks of the industry─experienced owners, policy makers, smart-home innovators, and senior-level Rent Manager representatives. Beyond Rent is hosted by Rent Manager’s own Joe Easton, a technology aficionado, seasoned networker, and seeker of conversations that go beyond the surface. New episodes of Beyond Rent will be available bi-weekly on all major podcast platforms

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Beyond Rent: Exploring Property Management

Pricing Optimization & Lease Renewals

November 03, 2024 • Rent Manager • Episode 110

Pricing units is a very manual, time-consuming process, especially during lease renewals. Leveraging a revenue management tool can help by providing a way to understand the market and pricing optimization.

Greg Warner of Revvy joins the podcast to discuss revenue management and why having a system that can easily optimize pricing is important when trying to quickly make an educated pricing decision, understand property performance in relation to competitors, determine goals, budgeted occupancies, and more.

Using a revenue management tool is also crucial during lease renewals since it can greatly reduce the amount of time spent during the process, and provide guidance on staggering expirations and what premiums should be charged. These actions can balance the process and improve the workload for all team members.

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You can learn more about Greg Warner on LinkedIn, and Revvy on the company’s website.

Visit RentManager.com/Podcast to submit an idea for an upcoming episode of Beyond Rent and discover more about the program.

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