Organize & Distribute Fee Data

A well-structured data model for fees is essential for ensuring that properties and websites accurately present pricing data. Without a standardized approach, fees can be inconsistently categorized, miscalculated, or even omitted, leading to confusion for renters and inefficiencies for property managers. A robust data model creates a single source of truth, allowing websites to dynamically and transparently display true monthly costs and one-time fees, reducing discrepancies and improving the rental search experience.

The SightMap REST API Expenses endpoint and Engrain's Expense Library provide the data model structure and attributes that the multifamily industry players needs to: 1) create consistency of fees, 2) make meaning of fees and 3) create the logic for how fees should be applied and how pricing should be calculated. Combined both are a powerful accelerator for agencies and clients looking to tackle fee transparency with consist and compete fee data.

The Engrain API and Expense Model are compatible with other multifamily data models and API structures.

Once fee data has been collected, consolidated and reviewed, it should be housed in a central repository so that it can be leveraged and accessed by various platforms.