We discuss different ways to use technology to drive revenue in rental properties. They highlight strategies like amenitizing units with technology packages to increase their value, offering pet-friendly solutions without additional fees, implementing managed internet services for convenience and additional income, and providing tech-enabled storefronts for easy access to essential items. They also talk about adding in-suite laundry facilities to units, converting existing laundry rooms into additional rental spaces, and leveraging convenience services and social events to attract tenants willing to pay for unique experiences. Finally, they touch on the concept of ratio utility billing services (RUBS) as a way to generate additional income by bundling utility bills into tenants’ rent. The speakers emphasize the importance of tapping into the demand for convenience and experience among renters to maximize revenue potential in rental properties.

 

Builder Innovator

Builder Innovator

Helping builders get innovation done right!

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