Predictive pricing model design for a property manager
- Location
- New Brunswick, Canada
- Year
- 2023
- Engagement
- Profitability Improvement: Reporting & Automation
Property Manager managing over 100 residential units. Conducted extensive market research upon turnover, based on available inventory and viewing comparable properties. Required a simplified, data-driven approach that would use current and historical comparables to set asking rent.
Our team developed a comparable unit repository for gathering all units available at a time. We created statistical model to set asking price based on quantitative and qualitative criteria. Comparable historical properties could be re-used in the model from the repository.
Case snapshot
Tool was developed quickly and featured professional branding
Real Estate
Case snapshot
Client was satisfied with the work and asked for additional features
Real Estate
Measurable impact
+22%
His systematic approach allowed him to win additional clients and he grew his business by 22% in the following year
Real Estate