Residential property manager improves rental income with transformative revenue management
SANTA BARBARA, Calif., March 14, 2017 —New Jersey-based KRE Group uses Yardi RENTmaximizer™ to optimize rental income and occupancy. Yardi RENTmaximizer is a transparent revenue management system that is part of the Yardi Voyager® platform.
According to Jason Segal, director of residential leasing for KRE Group, “Before Yardi RENTmaximizer our team would sit in a room to review inventory and talk about rental rates. There was always uncertainty about various factors including holding units, leasing notice units and structural vacancy, which really impacted the budget. With RENTmaximizer we have a tool to simplify those decisions and validate rents.”
KRE Group is successfully using Yardi RENTmaximizer to price three New Jersey properties in a very competitive market: Grove Pointe, 18 Park and 225 Grand. “Our sales team loves RENTmaximizer and uses the pricing grids to engage prospects and tenants. They work with each prospect to get the best price, and it creates a great relationship because the leasing agent doesn’t come across as just making a deal for a commission,” Segal said.
KRE Group also appreciates that RENTmaximizer takes the guesswork out of pricing and automates assessments using inventory and market data.
“Clients using RENTmaximizer as part of the Voyager platform not only improve rent growth with smart pricing, but also attract more customers and sign more leases,” said Terri Dowen, senior vice president of sales for Yardi.
About KRE Group
Founded in 1979, KRE Group (Kushner Real Estate Group) is a New Jersey-based real estate development and management company with holdings throughout New Jersey, New York and Pennsylvania. The company has developed, owns and manages more than six million square feet of commercial, industrial and retail property as well as 9,000 existing apartments with an additional 7,000 apartments in various stages of construction. For more information, visit www.thekregroup.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 www.yardi.com.