Our software deals with vacant homes. You get all the credit.
Overview
Our RevenuePoint® Managed software works 24/7 to monitor the real estate in your community for both current and future vacancies.
Our proprietary technology immediately recognizes the issues faced by property owners and what can be done to cure those issues.
The goal: make unproductive properties productive while keeping productive properties conductive.
We handle all aspects of engaging property owners - mailings, social media engagement, community outreach, assigning property owners to trained caseworkers and attorneys, working with mortgage and lien holders, and more - to guide the real estate in your community to productivity and optimize tax revenue growth opportunities.
Just as important, our system creates detailed reports for code enforcement officers and prosecuting attorneys that can be used in courts of law to convince judges and magistrates of the importance of enforcing your community's building and housing laws.
Features
Real-time vacancy surveillance
One system to track and monitor both current vacancies and properties highly likely to become vacant in the next 1-5 years.
Tie vacancies to tax revenues
Save time and resources by knowing which code enforcement and land bank initiatives will bring in tax revenues immediately.
Customized notifications
Opt-in to important text and email notifications like when a home becomes abandoned near a school, park, or nursing home.
Eliminate "zombie" properties
Know when owner and/or lien holder behavior will result in a future extended "zombie" vacancy and be proactive - not reactive.
Outsource to save time
We handle skip tracing, tracking down LLC's and out-of-town investors who violate housing codes so you don't have to.
Organize all of government
Centralize property-specific details and communications across all levels of local government to increase efficiency.
Write better grant applications
Infuse grant applications with proprietary, data-driven insights to differentiate your community from other grant seekers.
Increase property values
Raise real estate values by laser focusing on distressed properties that adversely impact the value of neighboring properties.
Reduce crime
Supercharge law enforcement with data-driven insights into how and where vacancies are adversely impacting crime stats.
Provide detailed reports to courts
Make code enforcement more efficient by getting judges and magistrates on the same page to enforce local ordinances.
Collect more fines and fees
Watch revenues from court costs, fines and fees rise by deploying our proprietary MicroFines® technology.
Attract new businesses
Detailed reports empower economic and community development officials with the data to attract outside investment.
Frequently Asked Questions
RevenuePoint® Managed Platform pricing depends on several factors including, but not limited to, the number of total parcels in a area, the number of parcels local government contracts with us to monitor, and the amount of income sales, and property tax revenues generated per parcel in your community.Exact pricing is only available after an initial consultation and feasablity study are completed. Turn-around-time is currently 4-8 weeks to receive a complete pricing proposal and may increase due to demand from communities impacted by COVID-19.
RevenuePoint® Managed Platform is optimized for both municipal and county/parrish level government.
While there are 14 overall metrics and improved by RevenuePoint® Managed Platform, the main key metrics are Parcel Revenue At-Risk (tracks the amount of tax revenue at-risk due to distressed real estate in your community), Parcel Revenue generated (how much revenue has been generated/saved by the platform), and Vacancy Rate (how many properties are vacant or at-risk of being vacant versus how many total properties are in your community).
Parcel Revenue is an algorithm that assumes every parcel of real estate in your community generates income, sales, and property taxes for your local governments. We conduct surveys of data specific to your community to determine how much Parcel Revenue each parcel should generate over the next 5 years. That number is then multiplied by the total number of vacant and at-risk properties in your community.
Assuming the average parcel of land in a community generates $3000 in yearly income taxes, $4000 in yearly sales taxes, and $6000 in yearly property taxes, the total number of taxes generated ($13000) is multiplied by 5 to give us a Parcel Revenue number of $80000.00. This tells us that for every property in your community that sits vacant for 5 years, $80,000.00 in tax are lost.
Code enforcement and land banking are proven methods that, when properly deployed, get results. However, both are reactive which means properties must become poorly maintained and/or unproductive before these methods are triggered. RevenuePoint® Managed Platform is a predictive tool which can predict and prevent vacancies 1-5 years before property distress adversely impacts tax revenues and the community as a hole. Further, if the vacancy rate in your community rises faster than code enforcement and land banking can react to avoid unproductive real estate from accumulating, the backlog of vacant properties will overrun the community, causing extended “zombie” vacancies. This equates declining property values, population, and tax revenues for years to come.
RevenuePoint® Managed Platform boasts patent-pending technology called “Zombie” Title Influence Scoring which gathers data from public records and physical property inspections to determine when the legal and physical characteristics that cause extended “zombie” vacancies are adversely impacting the community and what steps must be taken to counter that negative impact.
Getting started with RevenuePoint® Managed Platform is as easy as setting up a no-cost, initial consultation. On that call, one of our RevenuePoint® experts will conduct a brief assessment from you and your team. Within a few weeks, we will gather the data we need, combine it with the information provided on the initial call, and present your local government with a detailed proposal on the costs of moving forward.
RevenuePoint® Managed Platform guides code enforcement officials with data-driven insights that laser focus on the exact properties that adversely impact tax revenues and increase blight. Before and after code enforcement efforts are triggered, we handle all aspects of data collection and property owner engagement and counsel property owners to achieve milestones, such as property tax payment plan and mortgage loan modifications, via our attorney-managed social service campaigns. The result of this partnership is a drastic improvement in code enforcement efficiency and the ability to assist a large number of property owners without the need for government to hire, train, and compensate additional government employees.