3 ms·

Wrong paragraph, look at the one above it: > Specifically, every morning, RealPage provides participating Lessors with recommended price levels. Lessors typica

by jnovek 4y ago

Wrong paragraph, look at the one above it: > Specifically, every morning, RealPage provides participating Lessors with recommended price levels. Lessors typically must communicate to a RealPage “Pricing Advisor” that they have “accept[ed]” or “confirm[ed] the “approved pricing” within a specified time frame. If Lessors wish to diverge from the “approved pricing” they must submit reasoning for doing so and await approval. RealPage encourages participating Lessors to have daily calls between the Lessors’ employees with pricing responsibility and the RealPage Pricing Advisor. So every day an employee at the Lessor must tell a Pricing Advisor -- a flesh-and-blood RealPage employee -- that they accept the pricing provided by RealPage. Further, to reject the pricing, they must explain to the Pricing Advisor why they are rejecting the pricing in writing. It IS confusing because it goes on to say in the following paragraph that said requests also require further approval from a manager at the Lessor.

andrewmutz 4y ago
...but that's still not approval by Realpage employees. The employees of the property management company do not need realpage approval to change prices from the suggested prices. They need management approval from their own company to do so.
vel0city 4y ago
This is a bit vague, but "wait for approval" here doesn't necessarily mean its the Pricing Advisor that's approving it. I definitely take it to mean its the management approval as mentioned later. Which makes sense, you'd normally want deviances from established prices to be approved by management. Given that it says "If there is a disagreement between the participating Lessor and the RealPage Pricing Advisor..." I'd say the Pricing Advisor isn't able to just wholesale deny it or delay it. As the leasing agent, you'd just choose to deny that price, put in a comment about how its a unit that we haven't been able to move in forever and every tour over the last six months leads to people saying the unit is way overpriced", and then that comment would get sent to your manager for approval or rejection.
- ketzo 4y ago
  How is it vague? > Lessors must communicated to a RealPage pricing advisor that they have accepted or confirmed the approved pricing Okay, so the Lessor is directly communicating with a RealPage employee. >If Lessors wish to diverged from the approved pricing they must submit reasoning for doing so and await approval How could this same Lessor be getting approval from anyone other than that employee?
  - vel0city 4y ago
    > How could this same Lessor be getting approval from anyone other than that employee? Because it tells you who the dispute gets escalated to in that next paragraph, and it's not that RP employee. > If there is a disagreement between the participating Lessor and the RealPage Pricing Advisor, the dispute is often elevated to the Lessor’s management for resolution If the employee has permissions to just set the price, they can just set the price. If they don't, which a lot don't, the dispute gets sent to their manager who does have the rights to set the prices. RP knows there's a disagreement on the price, so they can update their models and understand why the property disagrees with the generated prices, but they're not directly enforcing their generated prices. They do strongly encourage the generated prices though and do pressure the property to stick to the price, but ultimately it does not require approval from the RP employee.

by jnovek 4y ago

andrewmutz 4y ago

...but that's still not approval by Realpage employees. The employees of the property management company do not need realpage approval to change prices from the suggested prices. They need management approval from their own company to do so.

vel0city 4y ago

This is a bit vague, but "wait for approval" here doesn't necessarily mean its the Pricing Advisor that's approving it. I definitely take it to mean its the management approval as mentioned later. Which makes sense, you'd normally want deviances from established prices to be approved by management. Given that it says "If there is a disagreement between the participating Lessor and the RealPage Pricing Advisor..." I'd say the Pricing Advisor isn't able to just wholesale deny it or delay it. As the leasing agent, you'd just choose to deny that price, put in a comment about how its a unit that we haven't been able to move in forever and every tour over the last six months leads to people saying the unit is way overpriced", and then that comment would get sent to your manager for approval or rejection.

ketzo 4y ago
How is it vague? > Lessors must communicated to a RealPage pricing advisor that they have accepted or confirmed the approved pricing Okay, so the Lessor is directly communicating with a RealPage employee. >If Lessors wish to diverged from the approved pricing they must submit reasoning for doing so and await approval How could this same Lessor be getting approval from anyone other than that employee?
- vel0city 4y ago
  > How could this same Lessor be getting approval from anyone other than that employee? Because it tells you who the dispute gets escalated to in that next paragraph, and it's not that RP employee. > If there is a disagreement between the participating Lessor and the RealPage Pricing Advisor, the dispute is often elevated to the Lessor’s management for resolution If the employee has permissions to just set the price, they can just set the price. If they don't, which a lot don't, the dispute gets sent to their manager who does have the rights to set the prices. RP knows there's a disagreement on the price, so they can update their models and understand why the property disagrees with the generated prices, but they're not directly enforcing their generated prices. They do strongly encourage the generated prices though and do pressure the property to stick to the price, but ultimately it does not require approval from the RP employee.