About Inhabit
Inhabit operates a unique collective of tech-forward companies serving the residential, commercial, and short-term rental industries. Our team members deliver best-in-class software solutions and services while fostering innovation and collaboration with business leaders and industry experts. Inhabit believes that property managers are central to the success of the residential and short-term rental markets and delivers products built to empower them, their investors, and communities. Come help build the company you want to Inhabit. To learn more, visit inhabit.com.Â
About RevMax
The RevMax mission is to provide the best-in-class product & service to property managers looking to optimize their revenue output. It is our goal to ensure we are ahead of market innovation while maintaining customer support excellence.
Job Description Summary
The Revenue Manger role with RevMax is critical to providing customer service and expertise to high value RevMax customers. They are the primary point of contact for customers seeking full-service revenue management and are driven to retain and grow their book of accounts. A successful Revenue Manager willÂ
leverage industry knowledge, critical thinking and customer service skills to help a wide variety of customers set and meet their strategic pricing and inventory goals. The role provides ample opportunity for ongoing learning, experimentation and knowledge sharing.
What You’ll Do (Functions & Responsibilities)
- Create and build client relationships while providing revenue management service and expertise.Â
- Lead the weekly recurring RevMax-Revenue Management meeting with each customer.
- Clearly communicate strategic vision and objectives to client on how to drive revenues and improveÂ
- performance.
- Effectively communicate the current selling strategies and necessary updates to impacted departments
- Provide client with regular updates on company performance at minimum to include market share, marketÂ
- segmentation, channel metrics, etc.
- Analyze past and current trends to develop strategies that will be used to capture market share and driveÂ
- profitability; track performance of these strategies as they materialize to evaluate continued or futureÂ
- implementation.
- Complete understanding and effective execution of all current and future RM tools. Includes PMSÂ
- (Streamline), RevMax, Lighthouse (formerly Transparent), Key Data, LSI and our Company Reports andÂ
- any new tools or reports developed.
- Drive Market Share and Revenue Performance through proper pricing, inventory controls and mixÂ
- management.
- Develop overall pricing strategy to include all market segments and distribution channels.
- Ensure effective pricing strategies are in place to reflect asset strength relative to the competition andÂ
- specific market conditions.
- Monitor competitive pricing and understand impacts of relative pricing decisions on property performance.
- Conduct regular price elasticity tests (price testing) in various market conditions, measure results, andÂ
- share key learnings.
- Review and analyze reports weekly and monthly basis with client. Identify and implement strategies forÂ
- future demand scenarios.
- Compile Weekly Analysis Reports to analyze key drivers of market share performance and understandÂ
- overall effectiveness of strategies.
- Â Proactively identify and analyze peak days and shoulder days talking into consideration past performanceÂ
- as well as new industry trends. Possible strategies include LOS restriction and price decisions.
- Coordinate optimization opportunities for incremental revenue and market share growth with relevantÂ
- marketing contacts.
- Effectively manage inventory and pricing strategy on all distribution channels including Branded Web, 3rdÂ
- Party Sites & (OTAs)Â
- May be requested to attend in-person industry conferences (3-6/year)
- May participate in hosting RevMax Bootcamps, a structured 12 session virtual training.
