Beyond, the pioneering leader in revenue management for the short-term rental (STR) sector, has officially announced the launch of Owner Insights, which happens to be a groundbreaking feature within Beyond’s Revenue Management System.
According to certain reports, the stated feature is designed to enhance property manager-owner relationships, something it does by leveraging Beyond’s next-gen AI engine, Sage. You see, leveraging Sage, it is able to deliver performance summaries and real-time data across personalized dashboards.
Talk about the given solution on a slightly deeper level, we begin from the prospect of customized dashboards, a prospect which packs together drag-and-drop insights that make it possible for property managers to easily build or customize a dashboard. Once ready, this dashboard can keep them up-to-date in real time. Furthermore, the given drag-and-drop insights tread up a long distance when it comes to helping property managers keep owners informed and engaged at all times.
Next up, we have in play AI-powered performance summaries. Here, Beyond’s AI engine, Sage, automates the analysis of key metrics, while simultaneously providing distinct and clear overviews of property performance to drive value for owners. Then, the solution brings forth real-time data with automated reports. You see, banking upon dynamic data integration, property managers can gain access to real-time and up-to-the-minute performance evaluation right at their fingertips.
Owner Insights also delivers is a facility for easy PDF exports, a facility which allows for reports to be easily exported and shared. This, in turn, makes performance conversations straightforward and impactful.
“Owner engagement can be challenging, and having the right data at your fingertips is a crucial way to improve how property managers build and maintain that relationship,” said Brian Brendell, SVP of Product at Beyond. “Owner Insights enables richer conversations with owners, allowing property managers to build trust and identify key insights for their owners, without adding more manual tasks each month. Additionally, Sage by Beyond creates some incredible time savings by instantly summarizing complex data points into digestible nuggets for owners.”
Moving on, as property managers often struggle with maintaining clear communication with owners, especially when performance metrics are complex and varied, Beyond’s latest brainchild makes a point to simplify this process by providing a comprehensive, data-driven view of property performance that is easy for owners to understand.
The idea behind doing so, for starters, is to reduce owner churn. To expand upon that a little bit, Owner Insights’ customized and actionable performance insights give property managers the tools they need to demonstrate value, as well as build stronger relationships with owners, thus helping to reduce turnover and build trust and loyalty.
Alongside that, it helps in streamlining report generation. In essence, traditional manual reporting methods have long proven themselves to be time-consuming and prone to errors. Owners Insights, like we referred to, uses automation to save a huge chunk of time without making any sacrifices on the accuracy front.
Rounding up highlights would be the promise of boosting competitive advantage. With competition raging between property managers and firms vying for their owners, the new solution provides a unique advantage with its tailored, data-driven approach.
“I love the look of the presentation and the ability to select groups of listings so that I can use it for new owner acquisition,” said Julie Byrd, President of Cabo Villas. “It has become a regular part of my workflow with owners, and I especially appreciate the AI-generated recap, which serves as a fantastic starting point for crafting personalized notes. The ease and efficiency it offers have been invaluable.”
