Lockbox Conversion Postponed Until December 2013


Lockbox Conversion Postponed Until December 2013

The lockbox conversion, originally scheduled for December 2012, is being postponed for one year until December 2013.

Based on recommendations from Supra, the KCRAR Board of Directors voted unanimously to postpone the iBox conversion in order to ensure an adequate supply of new iBoxes for our members. The conversion was postponed a full year since listing inventory is the lowest in December and that would be the least disruptive time for members.

Remaining battery life of the KCRAR lockboxes currently averages in the 20-25% range and battery power declines approximately 8% a year for most lockboxes, therefore the life expectancy of the lockboxes can easily extend beyond 2013.

What does this mean to you? KCRAR will maintain the existing lockbox program that has been in place since 2003, so essentially there is no change in 2013. As in the past, Supra iBoxes remain the property of KCRAR.

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