If you're in a competitive Real Estate market.... (Isn't that an oxymoron?)
You need to stand out from the crowd.
If you're managing a lot of units (as of today I own 39 and growing) you probably want to reduce the # of showings needed to get a lease signed right?
ROI is always important as well. So how do you push rents for a better return?
We've been using the following system/software and it's been extremely helpful.
This allows us to virtual walk through's of our properties so residents can understand the feel and layout better than pictures could ever tell them. (YES we still use high quality pictures as well)
When a potential applicant reaches out we simply send them the virtual tour and ask them to fill out the free application. This weeds out the tire kickers/folks not interested.
Only after we have a free app filled out do we schedule a walk through.
This is kind of like the "matterport" software however, it's DIRT cheap. The camera we use is a Garmin Virb which is around $700 and the software is called Transported. It only costs $24 a month.
We also use this software on wholesale/off market deals we sell. This gives out of state/remote buyers a much better idea on what they're looking at and eliminates the need to set up pointless walk-throughs with folks who aren't serious.
PS: If you have all the lights on when you take the pictures the tour looks even better.
This tech is also totally VR ready.
I'm buying rentals in other markets and this is a great way for me to really "see" properties my team is looking at buying for holds from afar.
**Disclaimer: I have no affiliation, kickback, or anything with either of these companies. It's simply a tool we're using and loving. **
Another really neat feature to this is releasing. When we find out a unit is coming up and our resident doesn't want to stay we can "show" the property without climbing over their stuff.
We actually call our walk-throughs "final walk-throughs". Meaning... They should pretty much be there to pay their app fee and if approved (credit, income, background), sign the lease.
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