Press Contact: Kevan Humphrey
Phone: (480) 776-5358
Email: khumphrey@vaultware.com
VaultWare Market Comps to Include Nearly 40,000 Apartment Communities with Addition
of ForRent.com Data
For Rent Media Solutions becomes data provider to apartment industry’s premier weekly
rental rate reporting and trending tool.
Scottsdale, AZ, September 9, 2011 --
VaultWare and For Rent Media Solutions,
a leading industry provider of apartment searches nationwide and operator of ForRent.com,
today announced an agreement to integrate rental rate data from ForRent.com property
listings into the VaultWare Market Comps tool. The inclusion of ForRent.com data
with the existing data providers Rent.com and VaultWare increases the comprehensiveness
of the multifamily industry’s source for up-to-date apartment rent and trending
data by more than 35%. The combined data sources enable competitive rents to be
available weekly for nearly 40,000 apartment communities.
VaultWare Market Comps is a convenient research tool for property managers that
eliminates the time-consuming practice of calling around for competitor’s current
rental rates and assists with revenue management efforts by validating pricing against
a customized competitive market, more immediate identification of market trends
and variations to competitors and improved timeliness and accuracy of competitive
data. Premium features are also available to provide more detailed reporting options,
historical data and alert capabilities.
Property managers can receive value-added benefits, such as free levels of access
or complimentary reports, just for being an active customer of VaultWare, Rent.com
and/or ForRent.com.
"A majority of the apartment industry prices rental rates manually so this tool
gives managers a great way of benchmarking their rents against their peer group
automatically," said Mike Mueller, CEO of VaultWare. "With rents rising in almost
every market, quarterly or even monthly surveys can’t keep up in a changing environment.”
Terry Slattery, President of For Rent Media Solutions commented, "By contributing
our data weekly we enable our advertising customers to maximize their gross rental
income potential over the course of the year because they can move faster than their
competitors. As revenue management tools become more commonplace in our industry
we’re excited to help pioneer this service for all of our owners and managers.
For more information about VaultWare Market Comps, contact VaultWare at
info@vaultware.com or (480) 905-3670 option 2.
About VaultWare™
VaultWare provides consumer-centric apartment marketing and leasing solutions focused
on delivering an ideal online shopping experience that results in streamlined operations,
highly qualified leads and more leases. Since 2002, VaultWare has been inventing
and pioneering solutions which facilitate online renter behavior, leasing activities
and convenience for both renters and leasing professionals. These solutions include
the multifamily industry’s preferred apartment availability and reservation system,
industry-focused desktop and mobile websites, the Leasing TabletTM touchscreen tablet
leasing app and Market Comps, the only automated market survey solution with weekly
pricing updates. Over 190 companies, from small property management companies to
some of the largest real estate investment trusts, use VaultWare to help them effectively
market their properties and efficiently lease their apartments. To learn more about
VaultWare, visit the company’s website at www.VaultWare.com.
About For Rent Media Solutions™
Founded in 1982 as For Rent Magazine®, For Rent Media Solutions™ is headquartered
in Norfolk, Va., and provides multi-family housing solutions for apartment seekers
and property/apartment managers and owners through integrated marketing techniques,
including print and Internet, mobile media, custom video, and social media solutions.
For Rent Media Solutions operates For Rent Magazine, as well as Apartamentos Para
Rentar®, and publishes 99 magazines covering more than 190 markets nationwide, including
After 55™ Housing & Resource Guide, and ForRent.com™-The Magazine. For Rent Media
Solutions operates four additional websites: ForRent.com®,
SeniorOutlook.com®,
CorporateHousing.com®, and ParaRentar.com®.
Visit ForRent.com for more, or visit us on
Facebook,
Twitter, YouTube and
LinkedIn.
Press Contact: Kevan Humphrey
Phone: (480) 776-5358
Email: khumphrey@vaultware.com
Rent.com to Contribute Rental Listing Data to PadZing.com
Agreement combines rental rate data from the largest consumer apartment search web
site with vacancy data from VaultWare
Scottsdale, AZ, March 30, 2009 --
VaultWare, Inc and Rent.com today announced
an agreement to integrate rental rate data from Rent.com's 25,000+ property listings
into apartment market data and trends website, PadZing.com. The inclusion of Rent.com
property data with data from current content provider
VaultWare, the leading online apartment availability and reservation system,
makes PadZing.com the multifamily industry’s most comprehensive online source for
up-to-date apartment rent and vacancy data.
PadZing.com provides subscribers, such as property managers, with a tool to easily
obtain competitive information on-demand. Rather than relying on manual collection
efforts and dated information, PadZing.com provides instant access to current data
with powerful mapping and customization features.
"We want to provide property managers and owners with a means to quickly and easily
get the data they want and need to understand their specific market," said Mike
Mueller, CEO of VaultWare, Inc, the creator of PadZing.com. "Our agreement with
Rent.com significantly expands PadZing.com’s reach and will provide improved analysis
of very specific geographic areas."
"We are excited about this opportunity to contribute property data to Padzing.com,
which we view as a valuable tool for our property customers to aid in the efficient
collection of up-to-date rent and vacancy information, allowing them to make timely
business decisions," said Peggy Abkemeier, General Manager of Rent.com.
About Rent.com
Rent.com, an eBay company, is the nation's #1 Internet listing site in the rental
housing industry, generating the most renter traffic and verifiable leases. As the
top online source for more than 3 million unique visitors per month, Rent.com provides
moving services information and detailed descriptions of millions of rentals nationwide,
including photos, floor plans, amenities, and virtual tours. Rent.com is dedicated
to developing innovative services that bring together renters and rental communities.
For more information, visit http://www.rent.com.
About Realty DataTrust Corporation
Realty DataTrust Corporation, located in Scottsdale, Arizona, offers online leasing
solutions for the multifamily housing industry that helps consumers reserve apartments
online and decreases properties’ vacancy rates. Over 120 management companies throughout
the United States, from small property management companies to some of the country’s
largest real estate investment trusts, use the award-winning VaultWare check availability
and reservation system. VaultWare lets consumers easily find and reserve an available
apartment while giving apartment management companies reservations from highly-qualified
prospects. PadZing.com, an apartment market data and trends website from Realty
DataTrust, gives apartment owners, marketing executives and apartment brokers vacancy
and rental rate data to help create forecasts, compile customized data trends per
geographic region and analyze trend data to make daily business decisions. To learn
more about Realty DataTrust, visit the company's website at
www.realtydatatrust.com.