Generating rental rates in a real estate management system

A system for estimating rental rates for one or more apartments, comprising:

• one or more processing elements;
• and
• one or more computer-readable non-transitory storage media, the media encoded with instructions that when executed cause the one or more processing elements to perform operations comprising:
• generating an apartment listing user interface configured to display rental price for one or more available apartment units, wherein the apartment listing user interface includes a rental price display area configured to display data related to the one or more available apartment units;
• receiving information about the one or more available apartment units, the information including one or more amenities of the one or more available apartment units via an amenity input area;
• estimating a price elasticity and a success rate parameter using a Kalman filter for a dynamic programming model;
• using the estimated price elasticity and the estimated success rate parameter in the dynamic programming model to estimate a rental price for each of the one or more available apartment units;
• displaying the rental price to the rental price display area;
• generating one or more confidence levels corresponding to the one or more amenities of the one or more rental units;
• displaying the one or more confidence levels to a confidence level display area of an amenity price sheet configured to facilitate comparison of respective values of the one or more amenities
• receiving, via the amenity input area, new information about the one or more available apartment units, the new information comprising one or more new amenities of the one or more available apartment units;
• estimating a new maximized rental price for the one or more available apartment units;
• displaying the new maximized rental price to the rental price display area;
• generating one or more new confidence levels based on the new information, the new maximized rental price, or a combination thereof;
• displaying the one or more new confidence levels to the confidence level display area the amenity price sheet;
• generating and displaying an additional user interface comprising a first graph of occupancy of the property during a time period and a second graph of enquiries for the property during the time period, wherein the additional user interface includes a user-selectable slider to adjust the time period;
• receiving a selection from a user of the user-selectable slider, the selection indicating a different time period;
• and
• updating the first graph and the second graph to reflect the different time period in response to the selection of the user-selectable slider.

A system comprising:

• one or more processing elements;
• and
• one or more computer-readable non-transitory storage media, the media encoded with instructions that when executed cause the one or more processing elements to perform operations comprising:
• generating a rental property listing user interface configured to display delist time for one or more available rental units each having a respective asset class, wherein the rental property listing user interface includes a rental data display area configured to display data related to the one or more available rental units and an asset class input area configured to receive a user input selecting the respective asset class;
• receiving data about the one or more available rental units, including the respective asset class via the asset class input area based on the user input, and including one or more amenities of the one or more available rental units via an amenity input area;
• extracting features from the data, including the respective asset class;
• fitting a random forest model over the extracted features based at least on relative rent value;
• receiving a rental price;
• determining a delist time based on the random forest model and the rental price;
• displaying the delist time to the rental data display area;
• generating one or more confidence levels corresponding to the one or more amenities of the one or more rental units;
• displaying the one or more confidence levels to a confidence level display area of an amenity price sheet configured to facilitate comparison of respective values of the one or more amenities receiving, via the amenity input area, new data about the one or more available rental units, the new data comprising one or more new amenities of the one or more available rental units;
• receiving a new rental price;
• determining, based on the random forest model and the new rental price, a new delist time;
• displaying the new delist time to the rental data display area;
• generating one or more new confidence levels based on the new data, the new rental price, the new delist time, or a combination thereof,
• displaying the one or more new confidence levels to the confidence level display area of the amenity price sheet;
• generating and displaying an additional user interface comprising a first graph of occupancy of the property during a time period and a second graph of enquiries for the property during the time period, wherein the additional user interface includes a user-selectable slider to adjust the time period;
• receiving a selection from a user of the user-selectable slider, the selection indicating a different time period;
• and
• updating the first graph and the second graph to reflect the different time period in response to the selection of the user-selectable slider.

A method comprising:

• generating, via a processing unit, a rental property listing user interface configured to display rental price for one or more available rental units each having a respective asset class, wherein the rental property listing user interface includes a rental price display area configured to display data related to the one or more available rental units and an asset class input area configured to receive a user input selecting the respective asset class;
• receiving, via the processing unit, information about one or more available rental units, including the respective asset class via asset class input area based on the user input, and including one or more amenities of the one or more available rental units via an amenity input area;
• estimating using a constrained optimization-model, executed by the processing element, a maximized rental price for the one or more available rental units, wherein:
• the constrained optimization model is configured to maximize a price of the one or more available rental units,
• the market has a demand for a number of rental units in each respective asset class at the maximized rental price,
• the market has a market capacity of vacant rental units in the asset class,
• the maximization of the price is based on the market demand being less than or equal to the market capacity;
• and
• the maximization of the price is based on the one or more amenities;
• displaying the maximized rental price to the rental price display area;
• generating one or more confidence levels corresponding to the one or more amenities of the one or more rental units;
• displaying the one or more confidence levels to a confidence level display area of an amenity price sheet configured to facilitate comparison of respective values of the one or more amenities
• receiving, via the amenity input area, new information about the one or more available rental units, the new information comprising one or more new amenities of the one or more available rental units;
• estimating using the constrained optimization model, a new maximized rental price for the one or more available rental units;
• displaying the new maximized rental price to the rental price display area;
• generating one or more new confidence levels based on the new information, the new maximized rental price, or a combination thereof;
• displaying the one or more new confidence levels to the confidence level display area the amenity price sheet
• generating and displaying an additional user interface comprising a first graph of occupancy of the property during a time period and a second graph of enquiries for the property during the time period, wherein the additional user interface includes a user-selectable slider to adjust the time period;
• receiving a selection from a user of the user-selectable slider, the selection indicating a different time period;
• and
• updating the first graph and the second graph to reflect the different time period in response to the selection of the user-selectable slider.