‘The Accidental Economist’ with Jack Kern: Take Two Price Increases and Call Me in the Morning
March 23, 2011
What many do not seem to realize is that pricing and revenue management practices are pushing residents into alternative housing choices, ones that rarely raise rents at the same rate as professionally managed buildings.
We’re in the beginning of rent season, where office managers start to sing again and residents chirp their discontent for paying more to get less. The pricing and revenue management systems have been refined to utilize lower scores in resident screening and identify rent-increase potential based on less traffic across the board.
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