Asking-rent and renewal-rent hints
Each day SmartMy Lease suggests a new asking rent for empty units priced away from the market. It also suggests a rent for leases ending in the next 90 days. You apply a hint with one click; nothing changes by itself.
PLANSFrom Growth
The problem it solves
- A unit stays empty for months at a rent nobody will pay, and nobody notices until the owner asks.
- Another unit lets in a day because it was priced far below its neighbours.
- Renewal rents are set from last year's rent, not from what similar units let for this year.
How it works
- Every night the hints are worked out from your own data. They use days empty, leases started in the same property in the last 12 months, and recent enquiries and viewings.
- Lease Managers open Lease > Leasing > Finding Tenants > Rent Hints. Each hint shows the rent now, the suggested rent, the change, days vacant, similar lettings, demand and the reason.
- Press Apply on a vacancy hint: the unit's asking rent becomes the suggested rent, ready for its listing.
- Press Apply on a renewal hint: the suggested rent is written on the lease as a note, for you to use when you renew.
- Press Dismiss to drop a hint you disagree with.
Everything it does
Hints for vacant units
- Lower: Above Similar Lettings: asking rent at least 10 % above similar lettings and empty more than 14 days; suggests the similar rent
- Lower: Vacant Long: empty more than 30 days with fewer than 3 enquiries and viewings in a month. Suggests 5 % less, or 10 % less after 60 days
- Raise: Below Similar Lettings: asking rent at least 10 % below similar lettings, or 10 or more enquiries and viewings in a month. Suggests up to the similar rent, at most 10 % more
- Only vacant units with an asking rent are looked at
Renewal hints
- For leases of one unit ending in the next 90 days and not yet renewed
- Suggests the similar rent, never more than 10 % above the rent now
Similar lettings
- Leases of one unit, of the same unit type, in the same property, started in the last 12 months
- Scaled to this unit's area when both areas are known; otherwise only units with the same bedrooms count
Demand
- Enquiries made for the unit and viewings not cancelled, in the last 30 days
Rules
- Hints are suggestions only: nothing is changed until a Lease Manager presses Apply
- An open hint is updated, not repeated, when the next night's figures change
- Filter Open; group by kind or property
Who uses it
Lease ManagerReviews the hints each week, applies or dismisses them.
Leasing agentSees the new asking rent on the unit and its listing.
Property managerUses the renewal note when agreeing the new rent with the tenant.
Where you use it
- Web: Lease > Leasing > Finding Tenants > Rent Hints, for Lease Managers
- Not in the apps
What you control
Settings
- The thresholds (14, 30 and 60 days, 5 % and 10 %, 90 days before renewal) are fixed in this version
- Asking rent per unit
Questions
Does the system change my rents by itself?
No. A hint only suggests. The asking rent changes when a Lease Manager presses Apply, and a renewal rent is only noted on the lease.Is this AI?
No. The hints come from rules on your own data: days empty, recent lettings in the same property and the unit's enquiries and viewings. They use no AI credits.What if I have no recent lettings in the building?
Then only the Vacant Long hint can appear for empty units, and no renewal hint is made, because there is nothing to compare with.Will a renewal hint ever suggest a lower rent?
No. A renewal hint suggests the similar rent or the rent now, whichever is higher, capped at 10 % above the rent now.Related features
LETTINGListings with photos, a public listings page and an enquiry formList a free unit with photos, price and terms, and publish it on your own listings page. Visitors book a viewing slot from the page, and each request lands as an enquiry for the agent.LETTINGEnquiries, viewings and the leasing pipelineEvery enquiry, from your listing pages, a walk-in or a call, lands in one board. Book viewings, record how they went, and follow larger lets as deals from first call to heads of terms and signing.LEASES AND RENTRenewals, breaks, holdover and notices to vacateRenew a lease with a new term and rent, and offer it to the tenant on their page. Let the new lease take over on its first day. Break options, holdover rent and notices to vacate each have their dates.REPORTS AND AIRent roll, occupancy and vacancy lossOne list of every unit with its tenant, lease dates, passing rent and asking rent. It also shows the rent you lose each month on empty units. The same data gives occupancy by property and unit type.SHORT STAYNightly price hints, occupancy, ADR and RevPAREach day SmartMy Lease looks at the next 60 nights of your stay units. It suggests lowering slow nights, raising busy ones and cutting short gaps between bookings. Short Stay Measures show occupancy, ADR, RevPAR and the direct share by property.
See your buildings on it.
Tell us how many properties and units you have, whether you let your own or manage for owners, and how rent is paid today. We will set up your portfolio with you on SmartMy Lease.