The Income Property Blog
Category Archives: software
ezLandlordForms.com website a source for management forms
Private landlords operating their own properties may want to use the website ezLandlordForms.com as a possible source for management forms. While I recommend California landlords use the forms offered by the California Apartment Association, this site provides an alternative.
Revenue management software pushing rents higher
From the Wall Street Journal comes this article on the growing use of revenue management software in the apartment industry. Modeled after the technology long used by the airline and hotel industries to set prices, revenue management software is growing in popularity and use…
“The lease renewal notices that landlords send out annually have contained little good news for renters in recent years: Rents are up and vacancies down around the country. And having resigned themselves to paying more, renters may wonder whether the new number on their lease was plucked out of thin air.
Rest assured, it was not.
For about a decade the country’s biggest landlords, who together control about a million rental apartments, have been using powerful software tools to set rental rates on new and renewing leases. Patterned after the technology used to price airline tickets and hotel rooms, the software weighs competitors’ rental rates, market conditions, seasonal trends and hundreds of other variables to recommend the highest feasible rent for each apartment at a given time.