Setting Optimal Rents for Apartment Firms

Jian Wang

Chapter 15 in Revenue Management, 2011, pp 208-220 from Palgrave Macmillan

Abstract: Abstract Everyday apartment operators have to set rental rates for apartment units. How the rents are determined will have a significant impact on an apartment firm’s value, revenue and profits. In this chapter, we introduce an approach to setting the optimal rents based on the theory of Revenue Management. The chapter is organized as follows. We start with an introduction of basic concepts in the apartment industry, followed by a description of a methodology by which the optimal rents can be derived. We then outline the procedure for setting optimal rents, followed by an illustration of a case study. Finally, we conclude this chapter with the implication of this procedure in the practical application of Revenue Management for apartment operators.

Keywords: Demand Forecast; Unit Type; Rental Rate; Revenue Management; Fair Housing (search for similar items in EconPapers)
Date: 2011
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-29477-6_16

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230294776

DOI: 10.1057/9780230294776_16

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().