Part of the Yardi® Multifamily Suite, Yardi RENTmaximizer utilizes proven rental pricing technology that leverages property history and market comparisons to generate rents that maximize rental income and occupancy. The process is transparent to the property manager so they can understand what factors are influencing pricing. The open calculation method, along with market data and analytics, helps DEELS make smart and effective pricing decisions across its portfolio.
Before Yardi RENTmaximizer, DEELS used spreadsheets and multiple paper reports to make pricing decisions. “The process was cumbersome and not as adaptive as we wanted it to be. RENTmaximizer has helped increase our revenues for both new and renewal leases. No more wasted hours creating complicated spreadsheets. The return on investment has been incredible,” said Noam Hameiri, senior vice president of operations for DEELS.
For its properties currently under development, Hameiri added that DEELS is enthusiastic about using Yardi RENTmaximizer for lease-ups and is confident it will get the best possible rates.
“Our clients have achieved impressive rental income growth and improved occupancy using RENTmaximizer as part of their Yardi Multifamily Suite full-business solution. With accurate analytics and easy-to-understand pricing, RENTmaximizer gives our clients a true competitive edge,” said Terri Dowen, senior vice president of sales at Yardi.
About DEELS Properties
DEELS Properties owns and manages an apartment portfolio concentrated in Los Angeles. The company takes a hands-on approach from construction through management to offer high-quality resident living experiences with exceptional amenities. For more information, visit deelsproperties.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 about how Yardi is Energized for Tomorrow, visit yardi.com.