Lease renewals account for more than 50% of all multifamily revenue but only get a fraction of the attention, which is typically focused on new lease pricing.
LRO Renewal Manager enables teams to develop custom renewal strategies by the user-defined batch for a property or a portfolio and promptly deliver optimized renewal offers.
Rainmaker LRO® enables operators to lease the right apartment to the right resident at the right price at the right time, irrespective of market conditions.
LRO® delivers objective, consistent and transparent pricing for both new and renewal rents, based on industry-leading forecasting and key factors such as traffic, lease duration, and competition.
Multifamily revenue management decisions aren’t always about price. Smart operators understand how today’s leasing decisions impact performance months in the future.
Rainmaker recently analyzed data from thousands of properties and identified five lease expiration management habits to avoid, particularly as growth slows in some markets.
To understand current multifamily revenue management behavior, Rainmaker conducted a major new study using data from thousands of communities using LRO, our revenue management platform.
Download this eBook to learn about the five different strategies - or archetypes - that operators are currently using to maximize revenue performance in varying market conditions.