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When evaluating the pricing of its communities, Alliance Residential likes to use a wealth of information. The operator considers the macro data contained in monthly and quarterly MSA market reports produced by third parties such as Reis and others. But when it comes down to it, it’s impossible to top the importance of micro data. […]

Recently I’ve heard many people talking about the wonders of scraping websites and how it will solve all of our data gathering problems. And unfortunately, I must disagree. But before delving into why I believe web scraping is a flawed practice, it is important to truly understand what it is. While web scraping can be […]

The multifamily software, which surveys multifamily comps, has reached 2 million apartment homes. Multifamily software company Radix has grown its portfolio to 2 million apartment homes. The cloud-based software has reached 2 million active apartment homes. Company leadership says that the benchmark is a testament to the firm’s ability to transform the creation of market […]

The new name reflects company’s mission of being the source of apartment comp data SCOTTSDALE, Ariz. – Sept. 17, 2019 – Radix, the provider of an innovative, cloud-based market-survey solution that produces true apples-to-apples comparisons between multifamily comps, today announced it has reached 2 million active apartment homes. The company, formerly known as BI:Radix, also […]

When it comes to apartment market data, it’s important to make a distinction between “macro” and “micro.” Macro data refers to statistics like a metro area’s average rent or its occupancy rate. Micro data refers to the average rent or vacancy rate of a competitive set of communities. Think of it in terms of a […]

When it comes to understanding your apartment community’s performance, it certainly doesn’t hurt to look at as much market data as possible. Monthly and quarterly market reports compiled by research and brokerage firms about your metro area are worth reviewing, but they also have limitations. By the time they arrive on your desk or in […]

When Redwood Capital Group decided to launch its management division, Redwood Residential, Mary Herrold knew the new company could benefit from a departure from the traditional market survey process. She knew they needed something simple, innovative, comprehensive and streamlined. A multifamily veteran with nearly 30 years of experience in the industry, she is all too […]

Here’s how multifamily managers can use a third-party cloud database to streamline their market survey process. Executives at Alliance Residential Co. recognize the indispensable role regular market surveys play in getting pricing right. That’s why, some time ago, they decided the company had to move away from the traditional Excel-based approach to the surveys. These […]

When it comes to successfully pricing your apartment homes, it’s critical to know who your competitors are and what rental rates they are charging. Unfortunately, though, too many operators don’t have a true, clear-eyed understanding of their properties’ comp sets. Below are some common mistakes property managers make when trying to determine who the competition […]

“Life moves pretty fast.” So said the wise philosopher Ferris Bueller in the 1986 classic movie. I can’t help but think of that line sometimes when thinking about apartment rental rates. They move pretty fast, too. In fact, they’re changing on an almost daily basis. To make the most effective decisions regarding pricing and concessions, apartment communities […]