5 min read
The resident app that sends the owner a check
Every proptech pitch ends the same way: it costs some dollars per unit per month and you should feel good about it. The resident app category has been an expense since the category existed.
An expense line walks into a bar
Every proptech pitch ends the same way: it costs some dollars per unit per month and you should feel good about it. The resident app category has been an expense since the category existed.
ElevateOS was built on a different premise. The app is the storefront for everything a building can sell: housekeeping, personal training, dog walking, private chefs, the guest suite, the cabana, the rooftop event, the visitor parking spot.
Where the money comes from
On-demand services are vetted, staffed and managed by ElevateOS in every market across the US and Canada. Residents book and pay in the app. Owners take a revenue share on every booking. Wolf Point East runs $30,000+ a month in services. Avenue5 grew services revenue 117%.
Add paid amenities with fees and deposits at booking, ticketed events with a resident-paid convenience fee, and visitor parking with QR codes and timed sessions, and you have eight new lines on the P&L that were not there last year.
Why pricing can start at $0
When the platform generates revenue, the platform fee becomes a conversation instead of a cost. For qualifying portfolios, pricing can start at $0 and the platform pays for itself out of the revenue it creates. That is what it means for a resident app to pay you back.
Written by
ElevateOS Editorial Team, Product and Operations
Written by the people who deploy ElevateOS in 1,500+ communities across the US and Canada.
Related: All blog posts · Integration catalog · Revenue and revenue share · ElevateOS for owners
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