Minimum $99/unit. This equates to revenue. 1) Monthly license...

Minimum $99/unit.

This equates to revenue.
1) Monthly license fee $99-299
2) Conversion fee $99 per liveoffer
3) Transaction Fee 1-3% per lease or 25% of increase

The conversion fee of $99 per liveoffer = $796k on 8,045 apartments with the average turnover rate on apartments is approx 50% (http://www.nchm.org/Resources/Opera...50-turnover-rate-Its-not-high-its-the-average) i.e. new tenant every 2 years so based on this assumption i.e. worst case = $796k every 2 years.

Transaction fees would be circa $1.54m p.a. at 2% on 8,045 apartments let at $800/m based on very conservative figures (http://mentalfloss.com/article/81296/average-cost-one-bedroom-apartments-50-major-us-cities)

So rough figures are $2m/yr gross revenue on 8,045 apartments. Now consider the additional 293,000 apartments... This does not include monthly license fees.