SANTA
BARBARA, Calif., Aug. 19,
2024 /PRNewswire/ -- There have been some
misconceptions and inaccurate claims made about how Yardi's Revenue
IQ revenue management software (formerly RENTmaximizer) suggests
rent prices to apartment community managers. To help demystify
Revenue IQ apartment unit pricing, Yardi has published the logic
used to recommend price changes, which is available here.
Simply stated, Revenue IQ pricing recommendations are based on
supply and demand, as measured by an apartment community's own
property data and publicly available housing market information –
but never confidential competitor pricing data. There has never
been and will never be any collusive algorithm or attempts to fix
prices. Revenue IQ simply analyzes the factors that property
managers have traditionally analyzed, but does so more accurately
and more efficiently, which helps save time and leads to smarter
decisions.
We want everyone to have the facts, not misconceptions or
inaccurate information, about the Revenue IQ apartment unit pricing
process.
About Yardi
Celebrating its 40-year anniversary in 2024, Yardi® develops
industry-leading software for all types and sizes of real estate
companies across the world. With over 9,500 employees, Yardi is
working with our clients to drive significant innovation in the
real estate industry. For more information on how Yardi is
Energized for Tomorrow, visit yardi.com.
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SOURCE Yardi