Residential property manager improves rental income, maintains occupancy levels with empowering revenue management solution
SANTA BARBARA, Calif., June 16, 2017 —Michigan-based Beztak uses Yardi® RENTmaximizer™ to optimize rental income and occupancy. Yardi RENTmaximizer is a transparent revenue management system built into the Yardi Voyager® platform.
Yardi RENTmaximizer helps clients drive revenue with clear, comprehensive metrics focusing on operational components including rental income, concessions, occupancy and rental rates — not just pricing. The system tracks rent movement and lets clients know their markets in real time, including how they compare with competing communities.
According to Sarah Oglesby-Battle, executive vice president of Beztak’s management division, “In the last 12 months, we’ve grown to over 17,000 multifamily units under management. With RENTmaximizer, we have a dynamic system that pushes rents without sacrificing occupancy which gives our staff confidence. With automated pricing, RENTmaximizer eliminates the fear factor of exposure that is a natural concern for property and regional managers. RENTmaximizer factors in historical and relevant data to assure us that we will get the traffic and leases we need to meet our revenue goals.”
In addition to RENTmaximizer, Beztak is taking advantage of the Yardi Voyager full-business platform with built-in Yardi solutions including Yardi® Utility Expense Management, RentCafe® and Yardi® Advanced Budgeting & Forecasting.
“RENTmaximizer helps our clients grow rental income while improving occupancy by delivering reliable pricing with unique transparency and control. Property managers are guided to pricing that meets business goals, with the support of a dedicated revenue manager included with our solution,” said Terri Dowen, senior vice president of sales for Yardi.
Read success stories to see how more Yardi clients are making gains with Yardi RENTmaximizer.
Beztak owns and manages a diverse portfolio of commercial, office, retail, senior living and multifamily real estate. Beztak offers comprehensive and customizable fee-based property management services for companies seeking to generate higher revenues from their assets while improving overall performance. Headquartered in Farmington Hills, Mich., Beztak has offices in Boca Raton, Fla., and Phoenix and Tucson, Ariz. For more information, visit beztak.com.
Yardi® develops and supports industry-leading investment and property management software for all types and sizes of real estate companies. Established in 1984, Yardi is based in Santa Barbara, Calif., and serves clients worldwide. For more information, visit yardi.com.