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  • Writer's pictureJoani Schumaker

Finding Hidden Revenue with Amenities

In today's property management landscape, where skyrocketing insurance, tax rates, and other uncontrollable expenses look large, top-line revenue growth is top-of-mind for owners and operators. Yet, amidst these challenges, many overlook a goldmine of untapped revenue hidden within their unit-level amenities. At The Revenue Method, we specialize in unlocking this hidden revenue through our innovative Amenity Optimization Review.

Our process begins with a comprehensive conversation with the site team. We delve deep into understanding the most coveted unit-level features and amenities. It's astonishing how many opportunities for additional revenue exist within properties, waiting to be tapped into. From something as seemingly simple as proximity to elevators or parking spaces to coveted views and premium floor levels, there are numerous amenities that residents are willing to pay extra for.

Utilizing our proprietary software, we leverage cutting-edge technology to analyze data and uncover missed or overlapping unit-level amenity premiums. This powerful tool allows us to identify potential correlations between units that have been sitting vacant longer and unit-level premiums that may be priced too high, providing our clients with a comprehensive understanding of their property's revenue potential.

By meticulously examining the site map and combing over all possible amenities, we leave no stone unturned in our quest to maximize revenue. We engage in dialogue with the site team to gain insights into what prospective residents truly desire. After all, where there's a preference, there's a premium waiting to be capitalized on.

Our holistic discovery conversation around existing unit-level amenities uncovers correlations that might indicate underpricing or overpricing. This critical analysis allows us to make data-driven recommendations for adjustments that can drive immediate results.

But our service don't stop at recommendations. We understand the importance of implementation and follow through. Upon approval of proposed changes, we seamlessly manage the amenity changes in your Property Management System (PMS). The result? Instant top-line growth in your Gross Potential Revenue (GPR) without the hassle of complex logistical challenges.

In today's fast-paced market, maximizing revenue is not just about filling units; it's about optimizing every aspect of your property to extract its full potential. With The Revenue Method's Amenity Optimization Review, you can unlock hidden revenue within existing amenities and boost your top-line revenue growth.

Don't let potential profits slip through your fingers. Schedule your Amenity Optimization Review today and start realizing the untapped revenue within your property portfolio.

Contact us today to get started.

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