Tag Archives: CARROLLTON

Business, Finance, Occupation & Industry

RealPage® MPF Research Division Reports Moderate Growth of U.S. Apartment Rents in First Quarter 201

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By Business Wirevia The Motley Fool

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RealPage® MPF Research Division Reports Moderate Growth of U.S. Apartment Rents in First Quarter 2013

Local performances converge near the national norm, leaving relatively few especially strong or especially weak individual performers

CARROLLTON, Texas–(BUSINESS WIRE)– Effective rent growth for new leases in U.S. apartments registered at 2.6 percent as of first quarter, according to MPF Research, the industry-leading market intelligence division of RealPage, Inc. (NASDAQ: RP). Growth seen specifically in the January-March time frame came in at 0.5 percent. MPF Research analysts highlight the nation’s latest apartment rent growth statistics as well as other key performance indicators in a discussion found at www.realpage.com/MPFQ1-2013-Report.

The annual rent growth pace is continuing to cool from its recent high of 4.8 percent seen at the end of 2011. Top-end apartment communities, in particular, are seeing prices rise more modestly. Rents grew 1.9 percent during the past year in the stock built since 2000, compared to increases of 2.4 to 2.9 percent in older product segments. When rent growth peaked just over a year ago, prices were rising 4 to 5 percent across all apartment product niches.

Pricing decisions are beginning to be impacted meaningfully by the wave of new apartment supply that lies just ahead, according to the MPF Research analysis. “Many owners and operators at the best properties want to be sure that their apartments are completely full when deliveries of new units ramp up during the coming months,” said Greg Willett, MPF Research vice president. “In turn, smaller price increases at the top-of-the-market projects are leaving a little less room for big rent bumps in the older stock.”

While the pace of rent increases is slowing, pricing continues to set all-time highs. Pricing has jumped 10.8 percent from the recession-induced low seen in late 2009, and rents are up 4.8 percent from the pre-recession high posted in the middle of 2008.

Among large individual metros, the three Bay Area markets of San Francisco, Oakland and San Jose rank as the country’s rent growth leaders. During the year that ended in first quarter, effective prices for new leases jumped 6.3 percent in both San Francisco and Oakland, while the upturn proved nearly as strong at 5.6 percent in San Jose.

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Source: FULL ARTICLE at DailyFinance
Business, Finance, Occupation & Industry

RealPage® Launches New Propertyware® Inspections for both the Desktop and iOS Platforms

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By Business Wirevia The Motley Fool

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RealPage® Launches New Propertyware® Inspections for both the Desktop and iOS Platforms

Available in the Apple App StoreSM, the new application keeps inspection teams in the field for increased productivity

CARROLLTON, Texas–(BUSINESS WIRE)– Propertyware, Inc., a wholly owned subsidiary of RealPage, Inc. (NASDAQ: RP), today announced the launch of Propertyware Inspections, a new desktop and mobile solution that automates the inspection workflow process for rental housing clients, saving time and increasing productivity both in the office and in the field.

As the industry leader of on-demand software (Software-as-a-Service) and software-enabled services to the rental housing industry, RealPage provides product solutions to apartment communities and single-family rentals across the United States.

Available for single-family and low-density rental housing units, the new Propertyware application automates the inspection workflow process by centralizing all inspection documentation into one location, accessible from both a desktop and in the field with an iPhone® or iPad®. Both the desktop and mobile versions of Inspections greatly reduce the amount of time spent scheduling, tracking and producing inspection reports. Also, any expenses resulting from tenant-caused damage can be documented, tracked and then applied to the tenant ledger prior to move out, allowing property managers the ability to recover expenses.

While in the field, inspection teams can use the mobile app to add unlimited photos and notes to all inspection items. For added flexibility and quicker response times, teams can view and schedule new inspections via the mobile app and even obtain directions to the properties. The mobile app is designed to work with or without an Internet connection and is fully integrated with Propertyware. As inspection teams enter the data on their mobile devices, it syncs into the Propertyware record, eliminating paper forms and duplicate data entry. Once the inspection syncs to Propertyware, it generates real-time alerts and provides an efficient way to generate work orders directly from the inspection record.

“The seamless integration of the mobile app with Propertyware results in significant time savings and increased accuracy of data,” says Erik Mall, general manager of Propertyware. “With just a click, owners can now access a comprehensive inspection history on the property and lease. They can be confident they have accurate information and a complete view of the inspection process.”

“We have always handwritten our inspection reports and saved photos separately. The inspector’s penmanship was often an issue,” says David Holt, CPM, MPM, president, R.P. Management, CRMC. “With Propertyware Inspections, our reports are clean, clear …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Brookdale Selects RealPage® Senior Contact Center

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By Business Wirevia The Motley Fool

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Brookdale Selects RealPage ® Senior Contact Center

RealPage will serve as Brookdale’s marketing service provider, delivering managed and verified prospect referrals

CARROLLTON, Texas–(BUSINESS WIRE)– Today, Brookdale Senior Living, the largest owner and operator of senior communities in the United States, selected RealPage, Inc. (NASDAQ: RP) to provide management of all inbound marketing prospect calls through RealPage Senior Contact Center, the nation’s largest contact center dedicated to the senior housing industry.

“One of the biggest challenges our clients have is making on-site staff, who in addition to inbound requests are focused on client satisfaction and retention, available 24/7 for revenue generating calls,” said Mike Daley, president, RealPage Contact Center. “Our contact center is designed to enable owners and managers the ability to lease more units, reduce overall marketing expenses and free-up on-site leasing staff to focus on resident experience and occupancy.”

Serving as a client’s lease marketing center, RealPage Senior Contact Center handles all of the client’s inbound marketing responsibilities from answering leasing calls and emails, to scheduling site appointments and tours, to real-time management and tracking of prospect leads. Through conversations with trained senior housing specialists, phone calls, emails and chat interactions are answered on time, in a friendly and professional manner.

Before engaging RealPage, Brookdale Senior Living‘s prospect referral calls were answered by a sales counselor at the individual community level. “With the large number of calls we received on a daily basis, both through our Internet presence as well as through print media, and with the busy schedules of our sales associates, they are not always available to take a call while continuing to provide the service our customers had come to expect from Brookdale,” said Jim Pusateri, senior vice president of sales with Brookdale. “Since implementing the RealPage Senior Contact Center, we now have the ability to collect phone numbers from 93% of incoming calls.”

“With RealPage Senior Contact Center, their housing specialists take the hard work and enormous cost out of lead generation, and take it to the next level,” added Pusateri. “Not only do they act as the face of each individual property, handling prospect calls and emails with a database of every aspect of the more than 600 senior living communities we own or manage, but they provide us the verified prospect information we need to nurture each lead into a resident.”

RealPage Senior Contact Center is part of the RealPage Senior Living solution, a completely integrated Care Management, …read more
Source: FULL ARTICLE at DailyFinance