Real estate and property management has been around forever, but no one approach to this property rental industry has arisen as the most efficient in regards to optimizing revenue. Being a $75b industry, it is fair to say that the opportunity cost of lost revenue due to inefficiencies has lost renters more than just pocket change.
Ian and David, Co-founders of Beyond Pricing, are looking to change that. They have developed a dynamic pricing tool that mines data from hotels, events, and conferences to come up with a solution that gives renters optimal pricing recommendations.
Customers have seen an average increase in revenue of between 35% and 40%. They have a great understanding of the space, and have already proven the benefit of their product, leading to solid early traction. I am excited to see them continue expanding as the newest member of our Resolute portfolio.