Available on plans that include Rents.
Select Rents in the sidebar. The list shows each property's Average Rent In Place and trade-out percentages for new leases and renewals.
Select Edit Configuration on a property.
Select Property & Units: confirm the property and, if you want, choose units to leave out under Exclude Units (Optional). Select Next.
Configure Parameters: set the parameters for New Lease and Renew Lease. On Renew Lease, Copy from New Lease saves time. Select Next.
Run Model: review the summary and select Run Rental Optimization Model. It shows Running Model... while it works.
[Image: The three steps of the rental optimization wizard]
The results show the property's historical performance and the optimized rents for renewals, new leases, vacant and notice units, next month's expirations and all units, with market comparisons. Select a unit number to see that unit's history and recommendation.
On the list, trade-outs read Good (3% or more), Neutral (1% to 3%) and Alert (below 1%).
Run Model on the list reruns your last configuration, and is only available after you've run the model for that property in the same browser.
If you see Something Went Wrong, run the model again with the same parameters.