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19 hours ago

RangeWater Teams Up with Revyse to Optimize Vendor Lifecycle Management

[Bend, OR July 24th, 2024] – Revyse, a leader in real estate vendor lifecycle management software, is thrilled to announce a strategic partnership with RangeWater Real Estate, a fully integrated rental housing company known for its data-driven property management approach. This collaboration aims to streamline end-to-end vendor management and significantly enhance operational efficiency for 92,000 multifamily units across the Sun Belt and Mountain West."Almost every aspect of multifamily operations is run hand-in-hand with vendors and suppliers," says Ben Steward, CRO of Revyse. "RangeWater's disciplined approach to vendor and contract management aligns perfectly with Revyse's technology platform. By managing every product, service, and technology deployed, down to the individual community-level, RangeWater is set to capitalize on its promise to lead the rental housing industry."Vendor and supplier partners are the backbone of property management operations. Selecting and managing each technology provider and services vendor with discipline is crucial for maintaining operational excellence, resident satisfaction, and achieving cost efficiency. This partnership ensures RangeWater can deeply manage its entire vendor ecosystem and continue delivering an exceptional resident experience. "We are excited to join forces with Revyse," said Kaden Czerniawski, Managing Director of Operations at RangeWater. "Our vendor ecosystem has increased rapidly over recent years. Revyse had the foresight to develop an incredibly comprehensive vendor lifecycle management platform tailored specifically for CRE. After a rigorous RFP process, Revyse’s enterprise data model and industry expertise shone through, enabling us to maintain the highest quality of service for our clients and residents.”For more information, visit Revyse and RangeWater.About RangeWater: RangeWater is a fully integrated multifamily real estate company creating fulfilling experiences for its partners, clients, residents, and employees across the Sun Belt and Mountain West. With a diversified portfolio of multifamily, build-to-rent, and mixed-use real estate assets, the Atlanta-based company has acquired and developed more than 35,500 multifamily units since its inception in 2006, representing $6.9 billion in total capitalization. RangeWater blends local market knowledge and subject matter expertise to create places and experiences that redefine community, currently managing a portfolio of nearly 92,000 multifamily units across 14 states. With offices in Atlanta, Charlotte, Dallas, Denver, and Tampa, RangeWater targets high job growth markets with demand for new housing.About Revyse: Combining advanced technology with intuitive design, Revyse is redefining vendor management for multifamily. Streamlining every phase of engagement, Revyse’s comprehensive, enterprise-level software provides powerful tools for vendor and supplier discovery, compliance, and ongoing management, helping multifamily  professionals master the complexities of the vendor lifecycle — from initial selection through contract renewal.

3 months ago

Revyse Unveils All-in-One Vendor Lifecycle Management Platform and Secures $1M in Seed Funding

Platform Streamlines Vendor Management Processes, Driving Cost Savings and Operational Efficiency for Multifamily OperatorsBend, OR - May 6th 2024 — Revyse, a pioneering solution in the multifamily industry, proudly announces the official launch of its all-in-one vendor lifecycle management platform. Revyse's innovative software tackles the shortcomings of existing solutions, enabling operators to effortlessly manage intricate recurring contracts and nurture ongoing partnerships with tech and service providers. This leap forward not only boosts Net Operating Income (NOI) but also significantly reduces vendor-related risk. Furthermore, Revyse has successfully raised $1 million in seed funding from top investors in the multifamily sector.Founded by veterans with deep-rooted experience in the rental housing industry, Revyse modernizes vendor management practices for today’s technology-driven portfolios. The platform's innovative approach promises to simplify processes, maximize efficiency, and drive unparalleled results for multifamily operators.“We have been incredibly fortunate to work with some esteemed industry leaders in the development of Revyse Vendor Intelligence” says CEO Bobbi Steward. Top of that list is the team at CAPREIT. Chief Technology and Transformation Officer, Savas Karas commented, “I have followed, advised and worked with the Revyse team and their development efforts for over 9 months now. The speed at which the product has been developed shows both a deep understanding of the multifamily problem set and a veteran approach to software development.” He continued, “The Revyse founding team went through multiple calls with multiple stakeholders at CAPREIT - all of whom realized very quickly that the product will fill a big void in our Vendor Lifecycle Management efforts. Revyse offers a platform we will come to rely on for a multitude of services.“The investment round was led by RF Advisory (RFA), the strategic services arm of RealFoundations, a dominant force in real estate management consulting and managed services. The round also saw participation from strategic multifamily owner/operators CAPREIT and Westover Companies, and seasoned proptech entrepreneur, Caren Maio, Co-Founder of Funnel Leasing.This seed funding marks a pivotal moment in Revyse's journey, enabling the company to expand its core product offering and solidify its position as a key player in the real estate and property management sectors.David Stanford, Managing Partner of RFA commented on the partnership stating, "As a firm dedicated to helping Real Estate Run Better for the last 25 years, we believe Revyse is addressing a pervasive problem that our client base of over 1,000 accounts continues to experience - the lack of a singular inventory of the components of a firm's technology stack. Given the recent emphasis on cybersecurity and interest from the SEC, we recognize a renewed energy in identifying the various technologies in use across the enterprise, its regions and properties, including the home and building itself. Revyse presents our industry the opportunity to track vendor offerings, contracts, spend, and integrations, along with details of internally developed solutions, providing insight and visibility into the return on investment across the company's Information Model. We see applicability for this across all six sectors we serve and beyond the US residential market.”Revyse's Spend Intelligence feature, a cornerstone of its platform, empowers multifamily operators with invaluable insights and spend analytics to optimize location-level services, vendor negotiation, performance, and relationships.For further information about Revyse and its groundbreaking platform, contact Ben Steward at ben@revyse.com or visit https://revyse.com.About Revyse:Combining advanced technology with intuitive design, Revyse is redefining vendor management for multifamily. Streamlining every phase of engagement, Revyse’s comprehensive platform provides powerful tools for discovery, compliance, and ongoing management, helping multifamily  professionals master the complexities of the vendor lifecycle — from initial selection through contract renewal. About RealFoundations:RealFoundations is the world's foremost professional services firm exclusively dedicated to the real estate industry. Through management consulting and managed services, RF empowers companies involved in real estate development, ownership, operation, and investment to make smarter, more profitable decisions. With a proud partnership network spanning over 500 real estate companies globally, RF delivers accelerated solutions that address some of the industry's most complex challenges. "We Make Real Estate Run Better."

5 months ago

Bringing Transparency to the Multifamily Integration Ecosystem

In an exciting development for the multifamily industry, Revyse, a SaaS platform dedicated to simplifying the discovery, procurement, and management of multifamily software and services, proudly announces its partnership with Propexo, a first-of-it’s-kind Integrations as a Service (IaaS) provider within the proptech ecosystem, bringing more transparency to the multifamily technology ecosystem. This collaboration is set to enhance the way multifamily operators shop for and select vendors, offering them a seamless, efficient path to evaluating the best software solutions for their needs.As a result of the monumental growth of the proptech landscape in recent years—spanning maintenance, renewals, fraud prevention, and more—the necessity for interconnected systems has never been more paramount. Yet, multifamily operators face significant time constraints when selecting compatible technologies. A recent survey conducted by NMHC and Real Foundations revealed that over 40% of participants identified resource limitations as the primary barrier to adopting new technology. The data partnership between Revyse and Propexo aims to mitigate these challenges by surfacing transparent data on vendor-level integrations within the Revyse Discovery marketplace, allowing multifamily operators to quickly see a vendor’s integration partners upfront, verifying critical system compatibility when shopping for new proptech solutions. In addition to merchandising integration data, the Revyse Discovery marketplace allows operators to explore a wide range of industry-specific products and services, read verified user reviews, engage with self-guided demos, understand pricing transparently—all before picking up the phone to talk to a Sales rep. This transparency saves multifamily operators invaluable time and resources, facilitating a smoother transition to new technologies and a smoother vendor selection process.“There are a lot of industry buzz words out there, especially around the proptech explosion.” says multifamily operator and industry advocate, Angela Flick. “When I hear things like AI, streamlined or integrations I immediately put up my guard. Understanding these functions and features are critical to protecting the overhead on both sides from a lot of pain and complexity.”Flick emphasizes the need for transparent integration data. “Truly seamless end to end technology workflows are critical to the customer experience, the ability for the onsite teams to implement and the back end teams to support. I am so excited to see this release! This is a huge step forward in validating true integrations so as operators, we can assess what will work within our tech stack.”The changing dynamics of B2B purchasing underscore the importance of this initiative. Today, nearly 96% of consumers conduct thorough research on potential tools before initiating contact with sales teams. By providing a rich repository of information and ensuring easy access to vital data, Revyse and Propexo are helping to empower multifamily operators to approach sales discussions with a well-informed perspective, fostering a more consultative and effective sales experience.About RevyseRevyse simplifies the discovery, procurement, and management of multifamily software and services. Combining forward-thinking AI with a design that puts users first, Revyse’s comprehensive platform assists multifamily industry professionals in navigating the complex landscape of proptech procurement and vendor management, supporting multifamily operators throughout the entire lifecycle–from initial vendor selection to contract renewal. About PropexoPropexo streamlines integrations for proptech companies connecting to property management software. Propexo’s unified API, straightforward documentation, and top-notch customer support helps companies build integrations up to 6x faster, dramatically reducing the costs of initial build and ongoing maintenance. Propexo helps proptechs and multifamily operators deliver amazing experiences that meet needs of residents and property managers alike.

6 months ago

Google Business Profile Reporting Metrics: Navigating the Shift in Views

We know residential rental companies rely on accurate data to make informed decisions about their online presence. Recently, Google has made significant changes to its reporting metrics for Google Business Profiles (GBPs), specifically redefining what constitutes a "view." This adjustment aims to provide more precise and reliable insights for property managers and owners who leverage GBPs to connect with their audience. Let's delve into the details of this transformation and understand what it means for your business.The Evolution of Google Business Profile ViewsPreviously, Google defined "view" as various user interactions with a business profile. Whether users scrolled past the profile on Google Maps or actively clicked into it from search results, each instance was counted as a view. While this approach provided a broad overview of visibility, it also introduced potential inaccuracies in the data, as the same user might contribute multiple views within a short timeframe.Google's Refined Definition of a "View"The recent update from Google introduces a more refined definition of what constitutes a view. Instead of counting every interaction as a separate view, Google will now report only one view per user every 24 hours. This change aims to offer a more accurate representation of genuine user interest, eliminating the possibility of inflating view counts due to repeated interactions from the same user.What Property Managers and Owners Should ExpectAs a consequence of this shift in reporting metrics, property managers and owners utilizing GBP may notice a dip in their reported views. This decline doesn't reflect a decrease in actual visibility or engagement with their profiles. Instead, it mirrors the more precise methodology implemented by Google to ensure a more accurate reflection of user interest.Navigating the ChangesUnderstanding the 24-Hour Window: With the new reporting system, it's crucial to recognize that each user will contribute only one view within a 24-hour period. This means that even if a user interacts with the profile multiple times in a day, it will be recorded as a single view.Focus on Quality over Quantity: While the overall view count may decrease, property managers and owners should shift their focus to the quality of interactions. With the refined metric, each view is a more reliable indicator of genuine user interest, providing a clearer picture of the audience's engagement.Emphasizing Long-Term Trends: Instead of fixating on daily fluctuations, communities should pay attention to long-term trends in profile views. This perspective allows for a more comprehensive assessment of the impact of the changes and provides insights into the overall trajectory of user engagement.The Benefits of the UpdateWhile the adjustment in reporting metrics may initially seem like a challenge, it brings several benefits for property managers and owners leveraging GBPs:More Accurate Data: The refined definition of a view ensures that reported metrics better align with genuine user interest, offering a more accurate representation of a business's online visibility.Improved Decision-Making: Businesses can make more informed decisions based on reliable data, leading to better optimization of their Google Business Profiles and overall digital marketing strategies.Enhanced User Experience: With a focus on quality interactions, businesses can tailor their content and engagement strategies to provide a more meaningful and relevant experience for users.ConclusionIn the ever-evolving digital landscape, adapting to changes is crucial for staying ahead. Google's refinement of Business Profile reporting metrics is a positive step toward providing businesses with more accurate and actionable insights. Property managers and owners should view this change as an opportunity to gain a clearer understanding of their audience and tailor their strategies for long-term success. As with any update, the key lies in embracing the shift and leveraging it to enhance the overall online presence and engagement with the community.