RealPage Adds Benchmarking To Rental Housing Management Software

Carollton, Texas-based rental housing software developer RealPage is tapping its large list of clients, with a new product which helps its customers benchmark the performance of their properties against others. According to RealPage, it has added new, real time benchmarking to its Performance Analytics product, which lets owners and operators of rental units to compare how their properties are performing versus others, using RealPage's database of 430 billion transactions annually across 10 million, domestic rental units. RealPage said the benchmark data includes such data as vacant days between leases; rent-to-income ratios; revenue; rent roll; occupancy; renewal conversion; and many other data points.