The Challenge
BH — 11th largest on the NMHC managers list, and 39th on the owners list — needed to standardize processes across 300+ communities that were each doing things their own way. The industry-wide combination of rising costs, renter expectations for “Amazon-easy” experiences, and overburdened onsite teams made this change urgent.
The Solution
BH turned to Funnel as the technology backbone and partner. With Funnel, BH embedded AI into their workflows and centralized key functions: leasing, renewals, account management, screening, and contact center operations.
The Results
- Employee experience: Centralization reduced turnover in shared services roles by 40%.
- Renter experience: 96% of applicants rated Funnel’s mobile-first leasing positively; application approvals are now 70% faster.
- Operational efficiency: Renewals happen faster and at higher rates; delinquency and fraud are down; appointment-to-tour and tour-to-lease ratios are up.
- AI impact: Funnel AI drove a 59% increase in leads handled and a 113% increase in appointments set in Q3 2024.