Rentmoji™ Blog
Stay Informed

All-In-One Management Platform

Cision Capital Announces Acquisition of US Home Aggregation, Expanding Portfolio in Single-Family Rental Real Estate Market

Thursday, June 15, 2023 10:00 AM

FORT MYERS, FL / ACCESSWIRE / June 15, 2023 / Cision Capital, a leading private equity firm specializing in strategic real estate investments, is pleased to announce its recent acquisition of US Home Aggregation, a prominent player in the single-family rental real estate industry. This acquisition represents a significant milestone for both organizations and further strengthens Cision Capital’s position in the single-family rental real estate market.

Cision Capital
Cision Capital
Single-Family Rentals

US Home Aggregation is a renowned company for its innovative approach to aggregating residential properties for rental investment purposes. Through its proprietary technology platform and extensive network, US Home Aggregation has successfully identified, acquired, and managed residential assets across the United States. With this acquisition, Cision Capital gains access to US Home Aggregation’s robust portfolio and expertise, enabling them to enhance their presence in the single-family rental real estate sector.

By combining Cision Capital’s strategic vision and investment acumen with US Home Aggregation’s industry knowledge and capabilities, the acquisition aims to unlock new opportunities and drive growth for both organizations. The collaboration will further leverage US Home Aggregation’s existing relationships with property owners, developers, and institutional partners, providing Cision Capital with a unique advantage in sourcing attractive investment opportunities.

“We are thrilled to announce the acquisition of US Home Aggregation,” said Colin Brechbill, CEO of Cision Capital. “This strategic move aligns perfectly with our long-term vision of expanding our presence in the single-family rental real estate market. US Home Aggregation’s track record of success, coupled with their cutting-edge technology platform, positions us well to capitalize on the growing demand for residential rental real estate investments.”

Cision Capital is renowned for its expertise in identifying and partnering with exceptional companies across various sectors. This acquisition represents a continuation of their commitment to identifying strategic opportunities that create long-term value for investors. With an unwavering focus on driving growth and maximizing returns, Cision Capital is well-positioned to leverage US Home Aggregation’s assets and drive significant value for stakeholders.

Moving forward, Cision Capital and US Home Aggregation will work collaboratively to integrate their operations, streamline processes, and leverage their combined expertise. The acquisition is expected to bring synergies that will enhance the organizations’ capabilities, allowing them to capture market opportunities more effectively and deliver strong results.

About Cision Capital:

Cision Capital is a leading private equity firm specializing in strategic real estate investments across various real estate industry verticals. With a proven track record of identifying and partnering with exceptional companies, Cision Capital aims to generate superior returns for its investors by driving growth, implementing operational improvements, and executing value-creating strategies.

About US Home Aggregation:

US Home Aggregation is a prominent player in the single-family rental real estate industry, specializing in aggregating residential rental properties for investment purposes. Leveraging its proprietary technology platform and vast network, US Home Aggregation identifies and acquires residential rental assets across the United States, providing attractive investment opportunities for its partners.

Contact Information

Heather Lane
Marketing Director

SOURCE: Cision Capital

Recent Posts

Category List

Archive Posts

Blog Tags

Have Questions? Let Us Know!

Rentmoji™ Blog
Stay Informed

All-In-One Management Platform

Five Effective Ways to Retain Your Tenants in 2018

It’s always sad to see good tenants vacating your property, when they are not satisfied or happy with their experience. Whenever a tenant vacates, in addition to the vacancy loss, you also need to refund the security deposit, execute move-out maintenance work, advertise the property and bear other costs.

Let’s assume the monthly rent is $1,000.

Vacancy loss(if vacant for a year) = $12,000

Move-out maintenance work = $3,000 (approx. based on the amount of work)

Advertisement cost = $600 yearly (assuming $50 monthly fee)

On an average, your expenses would shoot up beyond $15,600 annually if your tenants vacate, hurting your yield and ROI from the property.  

Just because a tenant has signed a lease, it does not mean that he or she will stay for long. Whether you are an established property manager with a whole portfolio of clients and properties, or if you are starting out in the real estate industry, ‘tenant retention’ is a key factor in improving your returns.

Keeping your tenants for a long period is just as challenging and important as finding them. Why?

Well, first it costs you about a thousand dollars or more every time your tenants move out for advertising, renovation and the loss of rent, while the property is vacant. Every minute that your unit sits empty, it’s costing you money! In addition, you need to bear the cost and effort of moving in new tenants such as agent commission, lease signing & processing fee etc.

Here are 5 quick tips on getting your ideal tenants to stay for the long term!

1)  Provide flexible rent payment options

Once you have succeeded in getting the property leased, the next major objective is to receive monthly rent and other payments. Analyzing and considering the convenience, age, and preference of target tenants is an important factor.

  • Requesting tenants to pay rent online via an autopay or auto-deduct system is the best way to collect rent. It eliminates the possibility of tenant forgetting to pay rent.  One-quarter of the U.S. residential sector is already represented by the Millennial generation and majority of them have never used a paper check in their entire life. Online renter’s portal will help them to make rent payments online with their credit or debit card or an electronic check transaction (ACH) securely.  Rent payment at stores via PayNearMe is another trending option to pay rent cash, at their nearby local 7-Eleven or ACE Cash Express stores any hour of the day or night.
  • Online payments might be an effective option, but senior or technology averse tenants may not find this convenient. They will most preferably choose traditional methods to pay cash directly to the owner or pay at the bank. They may also prefer stacking the physical receipts for tracking payment history. In such case, it’s always good to send them a reminder by post well-ahead of rent payment due date. They might not check their email inbox, but they surely will check their mailbox. In case you turn up at the property and find out that they have not arranged for cash, an alternate option is to ask their debit/credit card to swipe the same on your mobile device. Swipe Card Reader like udynamo or Authorize.Net mPOS also used by many.

Real Estate

2) Quick turnaround time for maintenance

Maintenance happens all the time, even if the property is vacant. Fixing the wear and tear on a periodic basis is important in addition to snow clearing and pool cleaning.

But maintenance requests from leased properties are a super high priority. Swift action to multiple maintenance requests from various properties can be effectively handled via maintenance management software. In addition to getting a bird’s-eye view of everything that’s going on with every maintenance work, effective response depends on various activities such as attend a maintenance request call, figure out the exact category of work required, finding out the most suitable vendor and availability, getting prompt response from vendors, updating the tenant on progress, flexibility for vendors to capture and share work progress and raise online invoices and get paid for the work.

The tips below will help you to expedite, manage and monitor maintenance works with increased tenant satisfaction.

  • Provide and make tenants aware of various options to raise maintenance request. Raising requests from anywhere, at any point in time makes it convenient for tenants. Online tenant portals and a phone call can source in most of the requests. In case the tenant does not have internet or does not want to spend time on hold, toll-free number and IVR (Interactive Voice Response) would be the best options to reach out to the maintenance support staff/property managers.
  • Communication is the key. Tenants should be able to give a clear idea of the maintenance required and maintenance support staff should be able to capture the right details & communicate the same to the vendors.
  • Scheduling is another key aspect where most of the time is often spent in finding out the apt vendors with matching skill, availability and if they are willing to take up the work. In most cases, vendor reassignment iterations consume time.
  • A better solution would be to have an auto-vendor assignment and reassignment system that could automatically search from the list of vendors who are available on the field, with the matching skillset, closest to the property, rating and assign work to them on the fly.
  • Mobile apps go a long way to make daily activity for vendor much easier. They get notified of the work assigned to them, they get the information on maintenance required, notify tenants that they are on the way to their home, take photos of work before and after completion, clock the time duration of work, raise change requests and materials required, raise invoices and get feedback or rating.

Real Estate

3) Appreciating consistent on-time rent payments

Just like we encourage kids each time they do something good by rewarding them, tenants appreciate it when you reward their promptness. An appreciation mailer or even a small reward like the ones listed below will positively improve your relationship with the tenant.

  • Reward points or talk time balance for maybe 3 consecutive on-time payments that they could redeem as cash or as vouchers which can be used at stores nearby.
  • Small discount on rent, for the month in which the tenant’s birthday falls along with a greeting card as well.
  • Mail or notification or organize a small tea party for tenants who have their lease anniversary with 12 consistent on-time payments.
  • Reduction in the total rent amount when paid 6 months in advance.
  • Referral programs or promotional offers will prompt tenants to take up a portion of your job to find the prospective tenants for your vacant properties.

4) Keep tenants informed

Avoid last minute surprises for tenants. We often tend to forget what the tenant might be thinking all the while we are struggling to keep up with the rent collection, lease renewals, move-in/move-out, maintenance activities etc.

Keeping tenants aware of terms and policies, do’s and don’ts, right steps to proceed with lease renewal, moveout, maintenance progress, rewards etc. is equally important.

Provide status of activities via email, SMS and online portal notifications in addition to post and IVR if possible, which would enable tenants to be on top of maintenance status, payments, lease details and other important items.

  • Maintenance – Keep the tenant up to date on the exact maintenance status and the next expected step or time for work completion. Most importantly, keep tenants informed of the vendor visit.
  • Payments – Payment history, the status of payment made and checking the balance due are critical information that needs to be notified and reminded as well.
  • Educate tenants who are unaware of the benefits of paying rent on time like increased tenancy credit score, rewards, various rent payment options etc.

Consequences of late payment should be communicated clearly well in advance when it comes to late fees and eviction.

5) Feedback from tenants who are moving out

Capturing and trying to bring into effect the feedbacks from tenants who are moving out helps a lot. Good tenants might move out due to small reasons, which could have been resolved easily like providing a child-friendly environment or mobility facilities for the disabled.

When it comes to property managers, building good relationships with tenants is the key factor that requires investment of genuine time, effort and communication techniques.

Start practicing a few of the tips above and see how it creates a positive impact on your business. 

Recent Posts

Category List

Archive Posts

Blog Tags

Have Questions? Let Us Know!

Rentmoji™ Blog
Stay Informed

All-In-One Management Platform

Migrating your property management business data

Migrating your property management business data from one system to another can be a stressful experience for a business owner.

We work really hard to help our customers through this process – we’ve invested resources in both automatic migration from the old software to Rentmoji™, lots of training and a dedicated Implementation Manager, too.

Tips for Success

To help you ensure the best possible data migration experience please consider the following best practices.

Ensure Data is as Clean as Possible Before Starting

One of the biggest drivers of migration delays and frustration is the quality of the data. Since the end goal is to have clean data to serve as the foundation for all transactions going forward the migration will most likely involve several rounds of exporting, cleaning, re-importing and validating. It’s great to take the time in advance to ensure your data is as accurate as possible before the initial import.

Set Aside Time and Resources

Ensuring you have extra resources and dedicated time set aside will help reduce feelings of stress and pressure during the migration.

Attend Training

Most of the focus of a data migration is on getting the data input correctly, but don’t forget to attend training as well! Getting the data imported but not knowing how to use the new system leaves you in a lurch when it comes time to start using the new system and can cause a great deal of stress and frustration right when you need to be working smoothly.

Practice With The New System

Once you attend training, be sure to set aside a little additional time to practice using the new system – it will pay off.

Hope these tips help you as you move forward with your new Rentmoji™ software!

Recent Posts

Category List

Archive Posts

Blog Tags

Have Questions? Let Us Know!