SANTA BARBARA, Calif.--(BUSINESS WIRE)--Yardi announced today that Tampa, Fla.-based Avesta has adopted Yardi RENTmaximizer™ to optimize rental pricing across its apartment portfolio. Yardi RENTmaximizer is a dynamic revenue management system built into the Yardi Voyager® full business property management and accounting platform.
According to Will Newton, director of support systems for Avesta, “After identifying the need for a revenue management system, we conducted a few product trials, including Yardi RENTmaximizer. After six months, Yardi RENTmaximizer provided the greatest return over the other products. For every dollar we invested in the system, we saw a nearly $30 return. It was an easy decision to roll Yardi RENTmaximizer out to all our communities.”
Newton continued, “Yardi RENTmaximizer lets us offer our residents various lease terms and move-in dates, so they can choose what works best for them. This supports our vision to be the world’s most resident-focused company.” He concluded, “And thanks to revenue and leasing metrics, along with the support of our dedicated Yardi RENTmaximizer pricing specialist, we don’t leave money on the table.”
In addition to Yardi Voyager and Yardi RENTmaximizer, Avesta utilizes Yardi Resident Screening™ and RENTCafé® portals for a complete business approach that includes online services and a seamless leasing workflow.
“We are delighted that Avesta is using the Yardi Voyager platform — including Yardi RENTmaximizer — to gain rental growth, higher occupancy, and enhanced resident services that support their business goals,” said Terri Dowen, senior vice president of sales for Yardi.
Avesta is a rapidly growing apartment investment and management firm based in Tampa, Florida. Since its founding in 2010, Avesta has acquired over 10,000 apartments throughout the Southeast and has assembled a strong 200-person team. Avesta’s business model is to apply industry best practices to communities that historically under-served, middle-income renters call "home." Avesta’s mission is to give people a home where they can live abundantly and create more community in the world. By striving to be the most resident-focused company, Avesta creates lasting value and serves each of its stakeholders: teammates, capital partners, vendors, communities and, most importantly, its residents. For more information, visit www.avesta.com.
Now in its fourth decade, Yardi® is committed to the design, development and support of software for real estate investment management and property management. With the Yardi Multifamily Suite™, Yardi Marketing Suite™, Yardi Commercial Suite™, Yardi Investment Suite™ and Yardi Orion® Business Intelligence, the Yardi Voyager® platform is a complete real estate management solution. It includes operations, accounting and ancillary processes and services with portfolio-wide business intelligence and platform-wide mobility. Yardi is based in Santa Barbara, Calif., and serves clients worldwide from offices in North America, Asia, Australia, Europe and the Middle East. For more information, visit www.yardi.com.