We’re excited to announce the upcoming release of our Effective Rate Tool within the Optimize platform!
What is an Effective Rate?
An Effective Rate is the underlying price the renter pays for a unit when a promotion is factored in. The calculation of an Effective Rate has to be done over a specific time of tenancy. With the launch of this new tool, any manager or operator using Optimize will be able to easily compare their standard and effective rates against the competition and see a quick apples-to-apples rate analysis.
We’re currently finalizing this release. Stay tuned for the official launch!
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