Cardinal Management Expands Agreement With RealPage on Utility Billing with SimpleBills
June 14 2021 - 8:30AM
Business Wire
RealPage, Inc., a leading provider of software and data
analytics to the real estate industry, today announced that
SimpleBills, a RealPage Company, has signed an agreement with
Cardinal Group Management (“CGM”) to expand its utility management
services. Cardinal is the nation’s third-largest student housing
operator, with over 85,000 student living beds throughout the U.S.
The agreement will expand SimpleBills’ utility management services
to Cardinal Management by an additional 16,000 beds, beginning with
the fall 2021 season.
CGM’s Executive VP of Operations Eddie Moreno said, “We are
excited to implement SimpleBills at more of the company’s
communities. SimpleBills’ model offers a unique value proposition
to our residents and on-site teams, simplifying the transaction
process for all parties involved,” he said. “Buying back time to do
the things that matter is always a good outcome for our staff and
we’re happy to be expanding our relationship with the SimpleBills
team.”
Will Conroy, Vice President of Cardinal Management Services
added, “The SimpleBills service model delivers such a unique
benefit to residents, who value their time and attention. They
don’t have to call utility companies and pay deposits when they
move in. Everything is smooth and easy for them, which is a real
value-add considering the often-chaotic process of moving back to
school and into a new apartment. We see SimpleBills as a valuable
amenity and one we highlight during the sales process.”
SimpleBills handles collections from residents and can split
bills for multiple people sharing a room or unit. Properties do not
have to pre-fund the resident share of utility costs, and
collections are made separately from the rent cycle, mitigating the
monthly dip in cash flow that properties typically experience.
SimpleBills audits utility bills in addition to handling the
billing itself, often saving properties significant costs by
pinpointing over-consumption, missing invoices, leaks, and other
expensive problems. And an accurate estimated final billing process
increases final bill collections by as much as $58 per unit.
Customer support is provided through a resident portal and app,
and residents can call SimpleBills directly with any problems or
questions. The SimpleBills portal provides copies of provider
bills, reports on monthly usage and conservation tips.
“It’s gratifying when a client appreciates your service enough
to expand it in such a significant way,” said SimpleBills VP Kevin
Jones. “We’re looking forward to continuing our good work for a
bigger part of Cardinal’s portfolio starting this fall.”
For more information, please visit the SimpleBills website.
About RealPage
RealPage provides a technology platform that enables real estate
owners and managers to change how people experience and use rental
space. Clients use the platform to gain transparency into asset
performance, leverage data insights and monetize space to create
incremental yields. Founded in 1998 and headquartered in
Richardson, Texas, RealPage currently serves over 19 million units
worldwide from offices in North America, Europe and Asia. For more
information about RealPage, visit RealPage.com
About SimpleBills
SimpleBills, A RealPage Company, is a complete utility
management company that helps clients enhance the resident
experience with a simplified move-in and billing process while
saving them time and money with access to whole building utility
data and removes the hassle of prefunding. Founded in 2008 with
headquarters in Waco, Texas, the company serves clients across the
U.S. For more information about SimpleBills, visit
simplebills.com.
About Cardinal Group Management
Cardinal Group is a fully integrated real estate management,
investment, construction, and marketing firm focused on multifamily
housing throughout the country. Headquartered in Denver, Colorado
with offices throughout the United States, Cardinal Group is firmly
built atop the company’s “Cardinal Culture.” Since 2008, the
company has been operating successful partnerships and is
relentlessly focused on creating efficiency and above market
performance via their commitment to challenging the status quo of
the industry. To date, Cardinal Group has developed several
best-in-class initiatives, which have earned the company national
recognition year after year and is currently an NMHC Top 50
Multifamily Operator.
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Steve Calk Media@RealPage.com
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