My Residential Market Survey
For the past couple of years, I’ve been working on a software tool to help multifamily residential properties to obtain what is known as their “comps’ numbers”. The existing process is inefficient and a major cause of a “case of the Mondays” in multifamily residential property offices everywhere.
My Resident Market Survey (MyRMS) is a new product in beta that simplifies sharing competitors’ numbers by:
- Centralizing data — one place to get your competitors’ numbers: no more phone calls, no more emails, and no more sharing spreadsheets back and forth!
- Encouraging cooperation — competitors cannot see your numbers until they’ve updated theirs for the week!
- Providing security — it’s impossible to accidentally overwrite someone else’s numbers or have yours overwritten!
- Storing history — changes to all data points such as rent high/low averages, unit square footage, concessions, and more are stored for audit tracking!
Oh yeah, and most importantly — the beta is FREE to use! But this app won’t be in beta forever…
You can easily invite comps into the app to exchange your data regarding fees, deposits, lease terms, floor plans/pricing, and apartment and community amenities!
If you’d like an invite to MyRMS to try out the beta, please reach out to me by sending me an email at kyle.miller@blackmondaytechnologies.com. I eagerly accept all feedback on the application and am looking to improve it by adding new features and addressing bugs regularly. Please let me know what I can do to assist you!
This post will be updated as MyRMS grows and evolves. New features and updates will also be described in their own blog posts.