Increase revenue, set optimal pricing & forecast opportunities with a data-driven revenue management solution.
Increase revenue, set optimal pricing & forecast opportunities with a data-driven revenue management solution.
Spherexx Optimze Revenue Management not only provides the best apartment pricing; it maximizes value and stabilizes all aspects of an asset’s value by blending together neural intelligence, innovative operational tools, detailed audit systems and dynamic workflows.
Since 2012 it has proven optimization solving and modeling with AI forecasting, navigating through volatile markets and rugged economic landscapes.
Pricing apartments is hard work! Using the same playbook with traditional spreadsheets and market research just doesn't provide reliable growth in the constantly changing multifamily market. Spherexx Optimize makes complicated pricing decisions easy and effective.
With our business intelligence dashboard you'll be able to eliminate guesswork, stay in control and effectively balance optimal unit pricing with lease expirations. All the tools you need right at your fingertips - lease the right apartment, to the right resident, at the right price.
Spherexx Optimize offers integration with Market Insights Express automated market survey data. Eliminate delayed market updates and work hours with market intelligence automation of your chosen competitors.
Optimize explains pricing logic that staff members can easily follow, along with action steps to process renewals. Residents enjoy this totally online user experience.
Conduct precise pricing simulations to verify you are making the best rate decisions for your community based on demand in your target area.
Optimize incorporates layers of operational insights and controls. You’ll be able to keep track of key indicators and expiration health at a glance, which in turn will help you identify areas for improvement.
The Visual Rent Roll gives optimal views of how the asset is trending with a drilldown option for specific unit history along with advanced performance queries.
Customize our pricing recommendations to fit your specific pricing strategy and knowledge of the market. Set user preferences within the software to help you monitor and reach each assets' specific objectives. Our team of experts are also on hand to help with any customizations you might need to reach your long-term and short-term goals.
We are the only fully responsive revenue managment software in the industry. Recent events make remote work a normal part of your daily business routine. Our software was designed to make your job easy whether you are working from home, in the airport, or at the corner coffee shop.
Thinking about the safety and security of your company's data? Spherexx Optimize has completed SOC 1 Type II audit compliance.
SOC 1 Type II compliance is a component of the American Institute of CPAs (AICPA)'s Service Organization Control reporting platform. Its goal is to make sure that systems are set up so they assure security, availability, processing integrity, confidentiality, and privacy of customer data.
The audit exam encompassed sixty-nine controls of crucial review and testing including business processes and information technology, environment control, risk management, information security, change management, backup and recovery, problem management, platform reporting, data transmission, cyber security, and surveillance monitoring, and physical security.
Optimize lets you choose between singular or bulk renewal workflows giving you flexibility to manage renewals in the way that works best for you and your community. Use the pricing simulation tool to calculate the effect your renewals will have on income before finalization.
Spherexx Optimize improves the leasing and renewal experience by eliminating emotional pricing decisions and repetitive tasks so you can focus your attention on marketing, traffic and resident retention.
Available for all portfolio sizes and types including conventional, student housing, new construction, rebranded, renovation, affordable, rent control and senior multifamily assets.
Optimize is part of our decision integration network. It is not only an independent platform, but also part of our end-to-end knowledge stream that includes marketing, sales and demand identification. Pair with Spherexx Document Management to easily distribute a digital lease renewal with an optimized rent and lease term.
Our software provides accurate, integrated reporting to help you understand where you're great and what areas need work. Access operations overview reporting which includes an interactive, mobile maintenance input feature.
Access web-based training for both your onsite and corporate team. If you prefer in-person training, we can provide customized training sessions for an additional fee.
As an Optimize user, you can particate in pricing calls with our experts. These calls help you evaluate performance and ensure continued optimization of revenue and property value. Training your own team? Streamline pricing calls with a shared workspace to audit and train.
Obtain a solid understanding of Revenue Management concepts and how it relates to property management. Leverage those skills and align with the operations team to grow revenue. Our course outline includes the topics below and more!
Sioux Falls, SD | 328 Units | 20 Month Lease-Up
This community completed construction and lease-up of a new luxury product at premium rates through adverse seasonal conditions. Leasing momentum and velocity were maintained and property stabilization achieved in record time with no concessions.
Result: 21% above market with area trend of -$43 per unit and -4.7%
Arlington, TX | 228 Units | Older Asset Renovation
This community, built in 1974, underwent a renovation to compete with new product. Vacancy turn-over time was lengthened, maintaining occupancy and income while introducing upgraded units. Community upgrades were completed with minor occupancy disruption and per unit pricing escalation.
Result: 14% revenue increase with area trend of -$67 per unit and -5.7%
Del Ray Beach, FL | 42 Units | Asset Stabilization in Niche Market
This niche market luxury property built in 2007 competes with extended stay hotels and condo rentals. The asset's occupancy, renewal, and revenue were stabilized beyond area market rates.
Result: 13% revenue increase with area trend of +$144 per unit and +7.8%
Spherexx is a privately held company with no outside investors or venture capital. This means we can put our focus on you! We are debt free and committed to our long-term client relationships.
Clients stay with Spherexx because we can seemlessly connect data across multiple silos and synchronize that data to maximize our client’s daily decision making. Our advertising agency and software development services work in tandem to deliver solutions that set you apart!
Pair with other solutions from the Spherexx decision integration network as well as the industry's most popular property management software. Don't see your software listed? Chat with us about custom integration options.
For nine years, I have relied on Spherexx to build and provide my teams with technology solutions that allow us to operate on the leading edge of Prop Tech. The Spherexx tools we use have been invaluable at supporting our goal of being the top performing property management firm in our market and we pride ourselves on hitting that goal year after year. That's no small feat in the competitive NYC market.
Spherexx's digital marketing platform has helped my team lower cost per lead and cost per lease by 50% while boosting lead volumes to more than double their volume prior to implementation of the tools. The visibility into agent activity allows us to better manage time and productivity so much so that we doubled our lead to lease conversion rates and cut our marketing spend by 40%. Whether using Adkast Ad Automation to syndicate our listings, ILoveLeasing Spherexx CRM to capture and close on leads, RentPush Optimize to price units, or the Business Intelligence dashboard to visualize our business and make actionable decisions, Spherexx has been an invaluable partner every step of the way.
We rely on the Spherexx team to provide us with industry leading products, to customize those products for our use case, and to do it with great humility, respect and thoughtfulness. Many Prop Tech firms promise the world wrapped up in a seamless integration... Spherexx actually delivers on those promises where others simply can't.
Using Spherexx tools to produce better results as well as to inform and guide our actions, we have grown the firm by 50% in just four years with no sign of slowing down. We've come to rely on and trust Becca and her team to deliver products and tools that truly make a difference in our day to day work.
Spherexx Optimize came along at the perfect time. We were facing a winter lease-up and compromising rents was not an option. I am truly amazed at how simple Optimize made our pricing and availability flow together in a way that stabilized the community from the ground up and brought us into a firmly established new year. We are looking forward to our next two lease-ups with Optimize.
Finding Spherexx Optimize (formerly RentPush) was really a saving grace in our search. The revenue analysts have contributed immensely in the transition to our revenue management program in the field. Because of their experience both as property managers and revenue managers they understand what is required, what is needed and what the end result is. We look at Spherexx Optimize as part of our team!
Spherexx Optimize provides the most effective and relevant pricing and automates all our functions. Our staff can simply log in and generate quote sheets immediately. Optimize even generates our renewal letters and residents can complete the whole process online. The account managers are always just a phone call or email away. We are experiencing stabilization and substantially increased income as a result of our remodel and we are delighted with the results!
Spherexx Optimize has been instrumental in at one property a 19% year over year NOI growth. The owner couldn't believe it! The residents love it because everything is rapid and seamless. Our onsite teams absolutely love the fact that they don't have to individually work each renewal. Now with the push of one button the entire month's renewals can be batched and completed. The success rate and recapture rate for our renewals has really turned around!
We are thrilled with the returns we are seeing with Spherexx Optimize Revenue Management. Everyone is loving the product. I am surprised how well the team is grasping the yield management concept, which can be challenging for some, but they are all understanding how it works. The integration rolled out smoothly. The structured weekly and biweekly calls helped a lot to get us underway. Everything with Spherexx went great.
"Optimize Rent Push is the most user friendly revenue management."
Overall: Loss to lease and vacancy loss is greatly reduced using Rent Push
Pros: We love the quotes that include all the information we ever need to give. The reports are thorough and it makes leasing and renewals quick and easy. The Rentpush team is amazing. They are always available to assist us in any way.
Cons: I haven't found anything that I dislike to date. They continue to upgrade reports and systems regularly.
"Great for pricing, reports, and easy to use."
Pros: There are so many reports that you can process. It really helps to track pricing and leads for our leasing agents.
Cons: Several steps are required in preparing a quote for a prospect. It would be nice if you could just print a quote quickly.
Optimize Rent Push is even better with these additional revenue boosting options.
Spherexx Optimize is secured on a privately owned data center and your data is segregated by client, so it is impossible for unauthorized entities to access your data. Spherexx has provided hosting and data center storage for management companies including Fortune 500 companies since 2000 and is compliant with Sarbanes Oxley. We are SOC1 Type Two Certified as well.
We do not own, develop, or sell property management accounting software, we do not co-mingle data from property management software clients. We also do not co-mingle our customer data across Optimize clients. Our customer's data belongs to our customers.
One of Optimize’s best benefits is that it makes the leasing process less complicated by recommending pricing based on a wide range of compressed, competitor and market data. Optimize provides pricing with concessions already calculated in the recommended rent.
Optimize incorporates a full range of operational factors, specific investment goals, expanded economic data, and precise demand calculations, to create the optimum lease rates.
Optimize requires three years of performance history to establish historical trends that can be optimized and corrected, along with detailed information intake to glean business rules and investment goals for each asset.
If you have a new construction, lease-up property or re-brand that doesn't have a full history Optimize can configure your communities from ground zero, we have conducted many lease-ups, etc. We need accurate per unit data with amenity and location upcharges where applied.
Optimize includes a very advanced user interface that not only shows price configuration but also the most vital, community performance data that constantly measures its own success for 24 hour viewing.
Depending on the availability of user data, Optimize is generally in operation within 60 days.
Training is conducted for corporate, onsite, and administrative functions prior to the program launch. Monthly training sessions are available on request.
Optimize retrieves data from the property’s accounting software to use in pricing preparation as well as historical income tracking.
Integrations with lead management software, availability and market data feeds are encouraged and available in Optimize.
Optimize studies many facets of demand and closely monitors particular seasonality fluxes along with pricing trends to create the most effective renewal price options. Optimize also factors in the corporate business rules; adjustments and calculations can be refined on a regular basis.
Our team of experts can walk you through all the features of this powerful yet easy-to-use tool and recommend the best plan to fit your company.