How to Find Rental Comps and Set Market Rents for Real Estate Investments | HelloData.ai
Whether it’s for a multifamily property or single-family rental (SFR), every rental property investor wants to collect the highest rent possible to maximize the value of their investment. But it can be difficult to find good sources of rental market data, and challenging to determine which properties are truly relevant rent comps for your investment.
4 Steps to Perform a Rent Survey for Your Investment Property
If you're ready to take the next step with your apartment building investments, download ALL my resources for FREE at this link: https://themichaelblank.com/vault Getting a handle on the prevailing market rents is critical for the business plan of your rental or multifamily property. Your property’s rents may be under market, but how do you know
A Database Model for an Online Survey. Part 4
In this final article in a four-part series, I complete the design for an online survey database to provide flexibility for multiple surveys, question re-use, multiple choice answers, ordering of questions, conditional jumps in the survey based on responses, and control over the users' access to surveys via groups of survey owners.
Entrata: AI-powered Pricing
Property management software company Entrata builds a dynamic pricing solution using Amazon SageMaker.
Entrata, founded in 2003, is the only comprehensive property management software provider with a single-login, open-access Platform as a Service (PaaS) system. Offering a wide variety of online tools including websites, mobile apps, payments, lease signing, accounting, and resident management, Entrata® PaaS currently serves more than 20,000 apartment communities nationwide. Entrata’s open API and superior selection of third-party integrations offer management companies the freedom to choose the technology and software that best fit their needs.
Entrata provides property management software to the multifamily housing industry and for more Top 25 student housing properties than any other provider. For college students, housing presents challenges that students need to consider before they decide where to live each semester. Chase Harrington, President and Chief Operating Officer at Entrata said, “If moving is stressful for students, imagine how it is for onsite staff who deal with hundreds of resident move-ins.” Entrata’s clients currently rely on individual pricing decisions and lack a data-driven pricing tool that can view historical occupancy trends and/or seasonality.
Entrata’s challenge was to develop an artificial intelligence/machine learning (AI/ML) tool that is designed for the student housing industry, enabling their customers to predict occupancy levels to optimize the price to offer potential renters of student housing.
How Do We Get the Entrata Integration Set Up Properly and Give Repli Access?
The Entrata Integration is a property management software that Repli utilizes to assist in reporting, accessing real-time data, and more.
Property Units - These endpoints below will allow us to retrieve all property unit information and sync to our system for real-time updates.
getAmenities
getMitsPropertyUnits
getPropertyUnits
getSpecials
getUnitsAvailablilityAndPricing
getUnitTypes
Properties - These endpoints below allow us to retrieve all property information and sync to our system for real-time updates.
getAmenityReservations
getCalendarAvailability
getFloorPlans
getPetTypes
getProperties
getPropertyAddOns
getPropertyAnnouncements
getPropertyPickList
getRentableItems
getReservableAmenities
getWebSites
Leases - These endpoints. Below allow us to enhance the reporting we’re able to provide to you through our data warehouse and reporting.
getExpiringLeases
getLeaseDetails
getLeasePickList
getLeases
getMitsCollections
getMitsLeases
Integrate with Entrata
Repli integrates with Entrata's API to pull in all of your relevant property information and push that data to MultiHub and Entrata's network of integration partners.
Website Widgets - Repli utilizes custom widgets that directly pull and push data from Entrata's API onto your property websites
MultiHub Data Connector - Repli connects Entrata to MultiHub via a data connector to bring in crucial property data and reporting.
What Credentials Does Repli Need?
Web Service URL / Subdomain
Username
Password
Property IDs
Brivo - Entrata Integration - Initial Setup in Your Entrata PMS
Overview. The Brivo - Entrata integration allows property managers and administrators to easily connect the two platforms, while ensuring their residents are provided with secure access credentials f…
pulls in base building and unit access information based on the timelines identified and captured from Entrata.
Entrata serves as the single source of truth
getStatus
getProperties
getPropertyUnits
getLeases
getMoveout
getRenewal
Building the Entrata KPI Scorecard
This is a description of our Entrata KPI Scorecard project to automate a scorecard showing KPIs from data in Entrata reports. RentViewer now has a connector for the Entrata API. We pulled the Entrata P&L, Box Score and Resident Retention reports from our connector for this project.