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Multifamily Folks - It is time to work alongside AI rather than compete with it!
According to a recent survey, 91% of top companies use AI to boost customer service and improve their branding. Multifamily real estate suffered less and rebounded more strongly, with the least rent falls and the most recovery within three to four years of each decline. Some experts also list the integration of AI in real estate. The goal is to have an AI-powered assistant to offer prospects a seamless experience. ‘Artificial Artificial Intelligence is a good reason behind the good numbers.
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The multifamily market in San Diego: Here’s what’s happening!
The pipeline for new apartment construction in San Diego has not
kept up with demand for the previous few years. The company has
acquired a former fraternity house adjacent to San Diego State
University for $12.7 million. Toll Brothers Apartment Living has
clearly knocked it out the park with its prime location and several
unique selling points. The 37-story apartment high-rise will
include over 12,000 square feet of ground-floor retail space. For
more information, click here. Click here to see what you want... more The pipeline for new apartment construction in San Diego has not kept up with demand for the previous few years. The company has acquired a former fraternity house adjacent to San Diego State University for $12.7 million. Toll Brothers Apartment Living has clearly knocked it out the park with its prime location and several unique selling points. The 37-story apartment high-rise will include over 12,000 square feet of ground-floor retail space. For more information, click here. Click here to see what you want to see. less
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4 Alternatives to ShowMojo's Self Guided Showings Software
Property managers have also reported squatters on properties
protected by Rently lockboxes. iQual Plus for property managers
allows them to match prospects who qualify with available
properties. Tenant Turner allows property managers to set custom
qualification criteria for each property and runs background and
credit checks on them to avoid rental scams. Property Managers can
also alter their availability for specific properties and stop
appointments for the day. Unique to LetHub only, property managers
can... more Property managers have also reported squatters on properties protected by Rently lockboxes. iQual Plus for property managers allows them to match prospects who qualify with available properties. Tenant Turner allows property managers to set custom qualification criteria for each property and runs background and credit checks on them to avoid rental scams. Property Managers can also alter their availability for specific properties and stop appointments for the day. Unique to LetHub only, property managers can cancel all showings for a property as soon as it is rented with just one click. Resources10 Best Rental Property Management Software 2022 May 21, 20215 MIN READA good rental property management software allows property managers and owners to perform several essential daily tasks automatically. 10 Best Rental Property Management Software 2022 A good rental property management software allows property managers and owners to perform several essential daily tasks automatically. less
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4 Alternatives to ShowMojo's Self Guided Showings Software
Our all-new Facebook Marketplace concierge service handles renter
inquiries and manages scheduling for busy property managers at a
minimal cost. iQual Plus for property managers allows them to match
prospects who qualify with available properties. Tenant Turner
allows property managers to set custom qualification criteria for
each property and runs background and credit checks on them to
avoid rental scams. Property Managers can also alter their
availability for specific properties and stop appointments for... more Our all-new Facebook Marketplace concierge service handles renter inquiries and manages scheduling for busy property managers at a minimal cost. iQual Plus for property managers allows them to match prospects who qualify with available properties. Tenant Turner allows property managers to set custom qualification criteria for each property and runs background and credit checks on them to avoid rental scams. Property Managers can also alter their availability for specific properties and stop appointments for the day. ShowMojo doesn't cancel showings for rented units, creating an issue for property managers to manage showings and responding to unnecessary inquiries. Unique to LetHub only, property managers can cancel all showings for a property as soon as it is rented with just one click. Property managers have also reported squatters on properties protected by Rently lockboxes. less
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Intelligent Self Showing Lockboxes for Property Managers
LetHub’s intelligent self showing lockbox technology takes the identity-verification process one step further with the use of facial recognition technology. If a prospective renter hasn't verified their identity 24 hours before the showing, they are sent a reminder email. Once a potential renter is sent a.. informated. For more information, please visit our website. We’d like to see what we’ve done LetHub. For the more information.
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Property Management Automation to Slash Tour No-Shows by 45%
How much do no shows cost property managers?The most
straightforward answer is - no shows and appointment cancellations
cost property managers A LOT. That's resources, money, and time
that could be spent dealing with owner leads, bringing in extra
dollars, and investing in a better resident experience. Before you
start developing your no show plan of attack, here is how you can
do the math and estimate just how much no shows are costing your
property management company: According to our data a decent sized
property... more How much do no shows cost property managers?The most straightforward answer is - no shows and appointment cancellations cost property managers A LOT. That's resources, money, and time that could be spent dealing with owner leads, bringing in extra dollars, and investing in a better resident experience. Before you start developing your no show plan of attack, here is how you can do the math and estimate just how much no shows are costing your property management company: According to our data a decent sized property management company with 500 units schedules at least 400 appointments per month. Number of No shows = 20% * 400 appointments/mo = 80 no shows per month Time taken to manually schedule a tour = 15 mins * 80 appointments/mo = 20 hours per month Time taken to travel and show a property = 60 mins * 80 appointments/mo = 80 hours per month Total time lost on no shows in a year = 100 hours/mo * 12 months = 1200 hours per year Staff costs lost = $25/hr * 1200hrs/yr = $30,000 / year Utilize property management automation to avoid costly no shows Seasoned property managers with a lot of experience know that renting out their units comes with the hassle of dealing with no shows. Automate the Showing Process with a Scheduling SoftwareWith property management automaton tools such as an online tour scheduler, property managers can save the hassle of setting up rental showing appointments themselves. How much do no shows cost property managers? The most straightforward answer is - no shows and appointment cancellations cost property managers A LOT. That's resources, money, and time that could be spent dealing with owner leads, bringing in extra dollars, and investing in a better resident experience. Number of No shows = 20% * 400 appointments/mo = 80 no shows per month Time taken to manually schedule a tour = 15 mins * 80 appointments/mo = 20 hours per month Time taken to travel and show a property = 60 mins * 80 appointments/mo = 80 hours per month Utilize property management automation to avoid costly no shows Seasoned property managers with a lot of experience know that renting out their units comes with the hassle of dealing with no shows. Automate the Showing Process with a Scheduling Software With property management automaton tools such as an online tour scheduler, property managers can save the hassle of setting up rental showing appointments themselves. less
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Tips to Successfully Sell and Advertise Rentals on Facebook Marketplace
Facebook Marketplace is a free option that connects you with hundreds and thousands of potential tenants in your area. However, there are guidelines to sell on Facebook marketplace that need to be followed and it can take a bit of effort to know how to stand out on Facebook marketplace.
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8 Profitable Property Management Marketing Ideas to Boost Growth
A successful property management marketing plan covers four grounds; reach, impact, engagement, and conversion. In 2022, the best way to achieve this is through digital marketing. It is cheaper, the results are measurable and it provides the opportunity to penetrate new markets.
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10 Best Rental Property Management Software 2022
A good rental property management software allows property managers and owners to perform several essential daily tasks automatically. This includes responding to repetitive tenant inquiries, booking tours, posting vacancies online, accounting and billing, and maintenance.
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Top Free Best Rental Listing Sites
With popular rental listing sites like Zillow having moved to a paid model recently, more and more landlords and property managers are looking for free rental listing sites including social media to list their next property. In this blog, we’ll make a list of the best free rental listing websites.
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Property Management Software for Small Landlords
A good property management software automates important tasks related to accounting, leasing, tenant management, managing maintenance requests, and marketing your properties. It reduces costs and streamlines operations. We have listed some of the best and most popular real estate property management software for your convenience:
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How to Market Your Rental Properties on FB Marketplace?
Facebook Marketplace rentals is the one-stop solution for property managers looking to market their properties to a larger more relevant online audience. The process of advertising your rentals on Marketplace can be made even more convenient with automation tools and software that integrate with Facebook and automatically lists all your rental properties on Facebook Marketplace.
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The Rise of Paid Rental Listing Sites
Tenants today are young and tech-savvy using online tools to find a home for rent. This is one of the main reasons why Property Managers today are using rental listing sites to advertise their listings and get maximum exposure for their properties.
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Is the Moratorium Madness Over Yet for Landlords & Property Managers?
On September 1, 2020 the Centers for Disease Control and Prevention (CDC) issued an Agency Order titled “Temporary Halt in Residential Evictions to Prevent the Further Spread of COVID-19” which finally expired on July 31, 2021.
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Leverage Property management automation to avoid no-shows
How much do no shows cost property managers?The most
straightforward answer is - no shows and appointment cancellations
cost property managers A LOT. That's resources, money, and time
that could be spent dealing with owner leads, bringing in extra
dollars, and investing in a better resident experience. Before you
start developing your no show plan of attack, here is how you can
do the math and estimate just how much no shows are costing your
property management company: According to our data a decent sized
property... more How much do no shows cost property managers?The most straightforward answer is - no shows and appointment cancellations cost property managers A LOT. That's resources, money, and time that could be spent dealing with owner leads, bringing in extra dollars, and investing in a better resident experience. Before you start developing your no show plan of attack, here is how you can do the math and estimate just how much no shows are costing your property management company: According to our data a decent sized property management company with 500 units schedules at least 400 appointments per month. Number of No shows = 20% * 400 appointments/mo = 80 no shows per month Time taken to manually schedule a tour = 15 mins * 80 appointments/mo = 20 hours per month Time taken to travel and show a property = 60 mins * 80 appointments/mo = 80 hours per month Total time lost on no shows in a year = 100 hours/mo * 12 months = 1200 hours per year Staff costs lost = $25/hr * 1200hrs/yr = $30,000 / year Utilize property management automation to avoid costly no shows Seasoned property managers with a lot of experience know that renting out their units comes with the hassle of dealing with no shows. Automate the Showing Process with a Scheduling SoftwareWith property management automaton tools such as an online tour scheduler, property managers can save the hassle of setting up rental showing appointments themselves. How much do no shows cost property managers? The most straightforward answer is - no shows and appointment cancellations cost property managers A LOT. That's resources, money, and time that could be spent dealing with owner leads, bringing in extra dollars, and investing in a better resident experience. Number of No shows = 20% * 400 appointments/mo = 80 no shows per month Time taken to manually schedule a tour = 15 mins * 80 appointments/mo = 20 hours per month Time taken to travel and show a property = 60 mins * 80 appointments/mo = 80 hours per month Utilize property management automation to avoid costly no shows Seasoned property managers with a lot of experience know that renting out their units comes with the hassle of dealing with no shows. Automate the Showing Process with a Scheduling Software With property management automaton tools such as an online tour scheduler, property managers can save the hassle of setting up rental showing appointments themselves. less
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