Financial constraints on consumers and such market conditions as record new unit inventory growth and relatively high interest rates are creating challenges for rent growth and vacancy rates. The landscape is one in which landlords, investors, and developers need new approaches to strengthening their returns.
Real Page and rewards company Bilt are betting that a proper combination of behavioral economics and digital delivery can improve multifamily profitability by enticing and directing beneficial renter behavior.
The idea is to directly reward timely payments and also offer free credit reporting. The main motivation will be Bilt points that the companies say are "coveted by residents."
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
