How we made Concession Comps even better
Concession Comps, available for free in Stake's Loyalty Cloud, has grown even smarter since its launch earlier this year.
This robust tool helps property managers benchmark and optimize concessions. It enables tracking market trends, comparing concessions by asset type and location, and managing incentive campaigns more effectively. With insights on different asset classes, different price points, and the superiority of Cash Back strategies over traditional concessions, properties can boost retention and reduce economic vacancies. The free availability of this tool makes it easier for teams to price concessions intelligently and maximize returns.
Here's how we've enhanced this time-saving tool in our Fall Release:
- Expanded coverage: now over 6 million units crawled weekly
- Improved coverage by unit type and bedroom
- New insight notifications to alert Loyalty Cloud users of top opportunities
Saving time for community managers is crucial. This tool also provides better centralization for teams deploying concessions, incentives, or handling lease-ups.